How many of you really understand the effect of inflation?

[shimon]

I remember walking into a Hostess bakery back in the day and a loaf of bread was a nickle. A gallon of gas was 29 cents, and a middle income family made $5,000 a year. But each time a Democrat got in charge, they raised minimum wages, drove up gasoline prices, and all the goods and services ended up costing more also. Never ending cycle, with Democrats in charge.

Good points … However you brought up an excellent point .. If one nickel bought you a gallon of gas in 1950 for example but today a gallon of gas is in the 5 dollar range for example then your purchasing power is 1/100 of what it was in 1950 using paper currency. However if the silver content in that nickel bought you that gallon of gas in 1950 and the same amount of silver today will buy you one gallon of gas then in real money either silver or gold there has been no inflation but we have been taught or mostofusthat paper is real money but it is not… At one time printed on themoneyyoucould redeem it for the face value in either gold or silver but that has long been taken off and now the government does not back it at all. Itistechnicallyworthless but we have been trained to accept it as having value…Devaluing money is an old game that all governments have done to cheat their people.. For example in Rome labour was paid in either gold, silver or bronze coins but by the endofRome the amount of gold silver and bronze in the coins was tremendously devalued by the state by as much as 1/238 th in some cases ..Inflation is a tax that the authorities use to cheat their citizens . Get used to it the game has been going on for a very very long time…

 

[Mikeoxenormous]

Good points … However you brought up an excellent point .. If one nickel bought you a gallon of gas in 1950 for example but today a gallon of gas is in the 5 dollar range for example then your purchasing power is 1/100 of what it was in 1950 using paper currency. However if the silver content in that nickel bought you that gallon of gas in 1950 and the same amount of silver today will buy you one gallon of gas then in real money either silver or gold there has been no inflation but we have been taught or mostofusthat paper is real money but it is not… At one time printed on themoneyyoucould redeem it for the face value in either gold or silver but that has long been taken off and now the government does not back it at all. Itistechnicallyworthless but we have been trained to accept it as having value…Devaluing money is an old game that all governments have done to cheat their people.. For example in Rome labour was paid in either gold, silver or bronze coins but by the endofRome the amount of gold silver and bronze in the coins was tremendously devalued by the state by as much as 1/238 th in some cases ..Inflation is a tax that the authorities use to cheat their citizens . Get used to it the game has been going on for a very very long time…

I must say that establishment Republican Tricky Dick Nixon got US off the gold standards and the US was off to massive inflationary spending. The war machine did need to be fed, and gold and silver just didnt meet the demand. Which is why since Dick, every president except President Trump got the US involved in waging war somewhere in the world.

 

[Mikeoxenormous]

Good points … However you brought up an excellent point .. If one nickel bought you a gallon of gas in 1950 for example but today a gallon of gas is in the 5 dollar range for example then your purchasing power is 1/100 of what it was in 1950 using paper currency. However if the silver content in that nickel bought you that gallon of gas in 1950 and the same amount of silver today will buy you one gallon of gas then in real money either silver or gold there has been no inflation but we have been taught or mostofusthat paper is real money but it is not… At one time printed on themoneyyoucould redeem it for the face value in either gold or silver but that has long been taken off and now the government does not back it at all. Itistechnicallyworthless but we have been trained to accept it as having value…Devaluing money is an old game that all governments have done to cheat their people.. For example in Rome labour was paid in either gold, silver or bronze coins but by the endofRome the amount of gold silver and bronze in the coins was tremendously devalued by the state by as much as 1/238 th in some cases ..Inflation is a tax that the authorities use to cheat their citizens . Get used to it the game has been going on for a very very long time…

I have over 100 ounces of gold, and most likely 10,000 ounces of silver, which i have bought at a much lower price than it is today.

 

[justoffal]

I know, I know... this maybe too simple for some of you but I've found most people that defend Biden's inflationary acts that "well inflation is going down!"...
WRONG!!!
Let's look at some inflation items today ... Gas price as of :
View attachment 1038870

Gasoline Inflation in the United States (1968-2025)

The average price of gasoline fell 3.1% in the 12 months ending February, as compared to the annual decrease of 0.2% in January, according to the most recent inflation data published March 12, 2025, by the U.S. Labor Department's Bureau of Labor Statistics (BLS). Gasoline is an important...

www.usinflationcalculator.com

Now a few of you may not consider this but look at the individual years like this:
The price went up from 1/2017 to 1/2018 by 18.7 cents or the price was $2.60 per gallon of gas.
BUT the price went down from 1/2018 to 1/2019 by 24.4 cents so it cost less for gallon of gas.
And so forth from 1/2019 to 1/2020.. ultimately increased from $2.35 on 1/1/2020 to 27.9 cents.
BUT then Biden told Americans.."I guarantee We Are Going To Get Rid of Fossil Fuels” September 06, 2019, 5:49 PM

As a result Biden's gas prices went up From $2.391 to $3.353 an increase of 96 cents/gallon or 40% increase.
In other words regardless of declining inflation rate, the prices increase to today's $3.099 an increase of 69 cents or 28%.

AAA Fuel Prices

So even if prices went down, the majority of years saw an increase in cost of gasoline.
So when the MSM brags about inflation going down, consider the current day price of gallon of gas is still going up!

Exactly

 

[schwartz june]

This inflation is nothing. In Weimar Germany, we used the currency to wipe our bums! OMG!

 

[sparky]

I must say that establishment Republican Tricky Dick Nixon got US off the gold standards and the US was off to massive inflationary spending. The war machine did need to be fed, and gold and silver just didnt meet the demand. Which is why since Dick, every president except President Trump got the US involved in waging war somewhere in the world.

so where does this go via BRIC$$$ now Mike? ~S~

 

[Lesh]

Costs don't go down numbnuts.

Unless you have a Recession

Remember 2008?

They’re not good

 

[Mikeoxenormous]

so where does this go via BRIC$$$ now Mike? ~S~

President Trump has been a man, who has gone against the establishment, and brought prosperity along with it. There has been some talk....

Will Trump Bring Back the Gold Standard? (Updated 2024)

The gold standard hasn’t been used in the US since the 1970s, but when Donald Trump was president from 2017 to 2021 there was some speculation that he could bring it back. Rumors that the gold standard could be reinstated during Trump’s presidency centered largely on positive comments he made...

investingnews.com

 

[krichton]

I remember walking into a Hostess bakery back in the day and a loaf of bread was a nickle. A gallon of gas was 29 cents, and a middle income family made $5,000 a year. But each time a Democrat got in charge, they raised minimum wages, drove up gasoline prices, and all the goods and services ended up costing more also. Never ending cycle, with Democrats in charge.

When Clinton was president the price of gas was a little over $1 a gallon, the budget was balanced and we had a surplus. When Bush took over gas began to rise until it hit a high of $3.25 a gallon, then the economy crashed. Surplus gone and the deficit was in the hundreds of billions, and year to year inflation was over 4, affecting the cost of goods and food. Damn those democrats!!!

 

[krichton]

I know, I know... this maybe too simple for some of you but I've found most people that defend Biden's inflationary acts that "well inflation is going down!"...
WRONG!!!
Let's look at some inflation items today ... Gas price as of :
View attachment 1038870

Gasoline Inflation in the United States (1968-2025)

The average price of gasoline fell 3.1% in the 12 months ending February, as compared to the annual decrease of 0.2% in January, according to the most recent inflation data published March 12, 2025, by the U.S. Labor Department's Bureau of Labor Statistics (BLS). Gasoline is an important...

www.usinflationcalculator.com

Now a few of you may not consider this but look at the individual years like this:
The price went up from 1/2017 to 1/2018 by 18.7 cents or the price was $2.60 per gallon of gas.
BUT the price went down from 1/2018 to 1/2019 by 24.4 cents so it cost less for gallon of gas.
And so forth from 1/2019 to 1/2020.. ultimately increased from $2.35 on 1/1/2020 to 27.9 cents.
BUT then Biden told Americans.."I guarantee We Are Going To Get Rid of Fossil Fuels” September 06, 2019, 5:49 PM

As a result Biden's gas prices went up From $2.391 to $3.353 an increase of 96 cents/gallon or 40% increase.
In other words regardless of declining inflation rate, the prices increase to today's $3.099 an increase of 69 cents or 28%.

AAA Fuel Prices

So even if prices went down, the majority of years saw an increase in cost of gasoline.
So when the MSM brags about inflation going down, consider the current day price of gallon of gas is still going up!

Gas prices are affected by worldwide supply and demand. What exactly would you have Biden do about that?

 

[healthmyths]

Gas prices are affected by worldwide supply and demand. What exactly would you have Biden do about that?

First please don't make any dumb ass comments unless you have FACTS, LINKS, substantiation!
As far as your question: "What exactly would you have Biden do about that?"

A) Don't make dumb ass statements like "I guarantee We Are Going To Get Rid of Fossil Fuels”
said on September 06, 2019, 5:49 PM


B) Don't take actions like this:
On his first day in office, Biden signed an Executive Order to impose a

• temporary moratorium on oil and gas lease activities in the Arctic National Wildlife Refuge,
• withdrew offshore areas in Arctic waters and the Bering Sea from oil and gas drilling, and
• revoked a key permit for the Keystone XL pipeline. In June 2021,
• the Biden administration went further in ANWR and suspended oil and gas leases.
• In his second week in office, he signed another Order that put a “pause” on new oil and gas leasing on federal lands and offshore waters.

Drilling Down On The Federal Leasing Facts

An breakdown of the Federal leasing myths and facts.

www.api.org

Now what HE should have said instead of "I guarantee We Are Going To Get Rid of Fossil Fuels”
is this:
"Fossil fuels are an important and daily supplier for ALL Americans and our government should be helping "fossil fuels"
reduce CO2 emissions WHILE helping the fossil fuel industries migrate to renewables when economic conditions are equalized, by continued use of fossil fuels. Help improve CO2 emissions while also improving renewables."

But this dummy didn't think beyond the voter he was "guaranteeing to rid fossil fuels"!!!
How economically stupid!
Now for more FACTS!!
Trump signed MORE leases in 2019 than Biden has in 4 years! (See below table from the BLM.GOV!

OH another FACT:
Oil production from federal lands and waters provides approximately 24% of total U.S. oil production.

Drilling Down on Federal Leasing Facts

The American Petroleum Institute (API) is the only national trade association that represents all aspects of America’s oil and natural gas industry. Our more than 600 corporate members, from the largest major oil company to the smallest of independents, come from all segments of the industry.

www.api.org

 

[Lesh]

Statements don’t raise prices

 

[Lesh]

Here’s what Trump did regarding oil prices

https://www.reuters.com/article/economy/special-report-trump-told-saudi-cut-oil-supply-or-lose-us-military-support--idUSKBN22C1V3/

 

[pknopp]

I have over 100 ounces of gold, and most likely 10,000 ounces of silver, which i have bought at a much lower price than it is today.

Do you? Or do you have a piece of paper saying you have that much?

 

[pknopp]

Unless you have a Recession

Remember 2008?

They’re not good

2008 was a reaction to artificially inflated markets. Artificially inflated markets are what is not good.

 

[Independent thinker]

I know, I know... this maybe too simple for some of you but I've found most people that defend Biden's inflationary acts that "well inflation is going down!"...
WRONG!!!
Let's look at some inflation items today ... Gas price as of :
View attachment 1038870

Gasoline Inflation in the United States (1968-2025)

The average price of gasoline fell 3.1% in the 12 months ending February, as compared to the annual decrease of 0.2% in January, according to the most recent inflation data published March 12, 2025, by the U.S. Labor Department's Bureau of Labor Statistics (BLS). Gasoline is an important...

www.usinflationcalculator.com

Now a few of you may not consider this but look at the individual years like this:
The price went up from 1/2017 to 1/2018 by 18.7 cents or the price was $2.60 per gallon of gas.
BUT the price went down from 1/2018 to 1/2019 by 24.4 cents so it cost less for gallon of gas.
And so forth from 1/2019 to 1/2020.. ultimately increased from $2.35 on 1/1/2020 to 27.9 cents.
BUT then Biden told Americans.."I guarantee We Are Going To Get Rid of Fossil Fuels” September 06, 2019, 5:49 PM

As a result Biden's gas prices went up From $2.391 to $3.353 an increase of 96 cents/gallon or 40% increase.
In other words regardless of declining inflation rate, the prices increase to today's $3.099 an increase of 69 cents or 28%.

AAA Fuel Prices

So even if prices went down, the majority of years saw an increase in cost of gasoline.
So when the MSM brags about inflation going down, consider the current day price of gallon of gas is still going up!

The left are fact deniers, a major reason they lost.