Why is food and gas so damn high (remember venezuela)
and how to avoid the fear of becoming homeless?
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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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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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Literally none of that is correct.
It’s the politicians’ fault because their reckless fiscal policies (ie. “covid relief” and tax cuts) are why central banks printed so much money. The fact other countries also engage in reckless fiscal and monetary policy doesn’t exonerate politicians in the US. The US also has it WORSE than other developed countries despite the relative strength of the dollar, because of our debt to GDP ratio.
US inflation isn’t mainly caused by fuel being expensive either. Core inflation rose in the US in August even as gas prices went down. Europe would have inflation also even without the war, not to mention the American Regime are the ones who destroyed the Nordstream Pipeline which would have provided Europeans at least marginal relief.
Almost all of the blame falls on Western governments and central banks, not the war or the pandemic.
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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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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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Eastern countries? You mean like what, Russia? China? Japan? Russian inflation is declining and that’s even despite sanctions. China actually has the ability to fight inflation because of their goods/demand ratio (something made possible btw by their leadership and politicians who prioritized manufacturing). Japan has inflation because they copied their homework from America and the Federal Reserve.
Moreover China’s economic problems are partly caused by a weak dollar which is why they’re replacing dollar reserves with gold, silver, basic materials, agricultural commodities, etc. They will lose some of their trade surplus advantage but in the end their economy is better positioned because of the people in charge.
You say everyone is entitled to their opinion but I disagree based on your 100 IQ take. Midwits shouldn’t talk about politics or the economy much less make condescending remarks.
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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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