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Author Topic: Shortage of Everything EQUALS hyperinflation  (Read 10969 times)

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Offline Pax Vobis

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Re: Shortage of Everything EQUALS hyperinflation
« Reply #5 on: May 10, 2021, 11:38:43 AM »
Yes, it’s planned because it’s all being blamed, ultimately, on the Covid shutdown.  But there are also localized, additional reasons for the shortages, which make it worse.  
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Offline Stubborn

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Re: Shortage of Everything EQUALS hyperinflation
« Reply #6 on: May 10, 2021, 11:51:15 AM »
Quote from: Pax Vobis on May 10, 2021, 11:38:43 AM
Yes, it’s planned because it’s all being blamed, ultimately, on the CÖVÌD shutdown.  But there are also localized, additional reasons for the shortages, which make it worse.  

Quote from: Ladislaus on May 10, 2021, 11:25:29 AM
I don't quite buy the alleged "causes" of these shortages.  I think it's all deliberate and engineered.

Absolutely correct on both accounts.

The guy at the lumber yard said at current prices, just the materials alone for building house costs around $300-$350 per square foot in these parts, which is insane. That's like $500,000 for a 1500 sq ft house.

Standard drain pipe (pvc schedule 40 / 4 inch x 10 ft long) is $55.00, whereas just a few months ago it was $18.00. Now they're talking about a shortage of truck drivers, which is nothing but conditioning us for sky rocketing prices on everything before long.
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Offline Stubborn

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Re: Shortage of Everything EQUALS hyperinflation
« Reply #7 on: May 10, 2021, 11:55:27 AM »
These guys are offering $14k / week for truck drivers.
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Offline Yeti

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Re: Shortage of Everything EQUALS hyperinflation
« Reply #8 on: May 10, 2021, 01:09:11 PM »
Of course there's inflation! You get inflation when you increase the money supply too fast. The government has printed vast oceans of money since March of 2020, at the same time that it prohibited most economic activity. This results in inflation. Even a child can understand this.
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Offline Yeti

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Re: Shortage of Everything EQUALS hyperinflation
« Reply #9 on: May 10, 2021, 01:12:18 PM »
Quote from: Pax Vobis on May 10, 2021, 09:49:44 AM
He also says that the lumber shortages were based [...] lumber yards hoarding wood in an attempt to drive up prices and make a short term profit (ie decrease supply).
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If I understand correctly, this is exactly what Matthew is saying. In other words, lumber yards have stopped selling lumber because they think the current market price does not reflect its true value, or expect the price to rise quickly very soon, so they will just wait until that happens to sell. This in turn reduces the supply for sale, driving up prices even more, an inflationary cycle.
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