Why is food and gas so damn high (remember venezuela)
and how to avoid the fear of becoming homeless?
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Comments ( 14
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1WeirdGuy
Ive always kept atleast 6 months worth of food for my family just incase something like this happens. I upped it to a years worth after all this inflation started. Dried white rice stored properly can last like 10 years and its super cheap. Dried beans are also cheap. You can find cheap canned foods. Also whey protein powder is good.
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LloydAsher
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olderdude-xx
Inflation is a worldwide problem and the USA is actually doing quite well compared to a number of other countries (It's worse in a lot of other countries).
No politician (Governor, President, etc) can do much about it (and I laugh at all the political adds blaming someone running for office for the inflation problem. No one else could have done much any better.
Key contributors is the mess that Covid made of the distribution and manufacturing system. It will likely be another 2 years before that mess is fully straightened out (except for what China does as they keep shutting down manufacturing with their covid lock-downs).
2nd major factor is the cost of oil and natural gas which is more impacted by the Ukrainian War than any other factor at this point (although OPEC deciding that they need a price increase does not help).
All we can do is tough it out. The Covid mess will clear and I expect by this time next year that the Ukrainian War will be totally over. That does not mean that Russia will be able to resume all of its exports. I think they pretty much killed their European natural gas and oil markets,
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LloydAsher
I'm 50/50 with nordstream being an american plot. It's possible of course, theres a rational reason, preventing germany on going back on support for ukraine.
But then again nordstream also could of been a target via other corporations wanting to put a dent in russias overwhelming supply thus get paid a premium from germany and the eu.
Getting to nordstream isnt a cakewalk but it's not too difficult to aquire explosives and scuba divers.
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raisinbran
The reason is whatever the idiots are told it is. Buy a car you can sleep in.
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olderdude-xx
Here is the data for every country in the world for all to see.
https://tradingeconomics.com/country-list/inflation-rate-
I fail to see how you can support your claims based on it.
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Anonnet
You might have to accompany this with an explanation (something your last post was missing as well).
I'm a layman on all this stuff, but from just checking out the link, it looks like it is mostly western countries that are suffering higher inflation, plus Russia. Taiwan, Hong Kong, Vietnam, China, and even Japan all seem to be doing fine. South Korea, Indonesia, and Australia have lower inflation than us, too. So my question would be... what did they do differently?
And this isn't an "opinion", I don't know much about the topic. I'm just reviewing your sources and trying to interpret them.
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olderdude-xx
Here is a very basic interpretation: Advanced countries with a lot of consumer technology are having inflation issues.
Agrarian (2nd - 3rd world countries) that largely live off the land (or out of the sea) with little consumer technology are having low inflation (they are not buying much other than very basic items on the world market).
Authoritarian countries with modest amount of consumer technology have the abilities to artificially hold prices down for their consumers (who are not paying the market price for technological goods and sometimes food and energy imports). Both China & Russia are doing that to mute the inflation numbers.
You can find isolated exceptions to those basic rules, and an explanation for that ex exception if you look at that countries economy and energy sources.
Key point - regardless of political system or party - Countries with a lot of consumer technology have a current inflation problem compared to several years ago (pre-Covid & Pre Ukrainian Invasion).
You are free to move to one of the less developed counties in the world if you with to escape this inflation if you wish.
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LloydAsher
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litelander8
Bc all the countries that own the oil got together and agreed to raise the price.
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olderdude-xx
You should learn more about the world economy and how it works.
If what you say was true then the non western countries would not be having all the inflation they are having.
Also then why is it that counties with entirely different leaning political governments have the same kinds of inflation issues.
Check all the actual data: Politicians - regardless of party or leaning have had no measurable effect on the inflation around the world in the last several years.
Western "Central Banks" largely only affect Western Countries. Yet, Eastern and various non-aligned Countries have had the same inflation issues in the last several years.
You can have your own opinion. But, you cannot have your own facts. You might do better to check the facts worldwide before deciding what your opinion is.
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