How is inflation effecting you in 2022?

[HerefordBullyun]

On 05/04/2022 at 21:56, Roy said:

What's good for planting this time of the year?

Cannabis in ya loft all year round! Not good for the heating bill unless you can nick ya neighbours leeccy... Big give away in the picture below 

 

[papi1980]

 exactly 

I also think that central bankers knew what was about to happen in 2008 but just decided to get another 20 years instead of crushing all at that time 

Ordinary people don’t consider the possibility of everything going down(stocks, bonds, property, value of cash). And yet, most probably we will experience this sooner, rather than later 

the most important thing is we should not get involved in a hot war…losing your money will make us poor for a while but we will survive…war is another thing and that very similar economic dynamic happened in 1930-40 just before WW2 m.

[GoldDiggerDave]

25 minutes ago, Paul said:

Pasty making  is the next YouTube skill getting taught this weekend

Paul I'm a great cook mate and I specialise in making good old school dinners.  My Manchester tart is the thing of legend! And my corn beef and onion pie is not bad.   I'm semi retired and cook everyday.   

BTW did you get that soya wallpaper paste chicken supreme and stodgy rice as a kid?   

[Minimalist]

4 hours ago, HerefordBullyun said:

Cannabis in ya loft all year round! Not good for the heating bill unless you can nick ya neighbours leeccy... Big give away in the picture below 

 

The professionals do it underground or underneath a house. Farmers have it easy.

[Bumble]

The Fed are certainly talking tough about raising rates, so I would expect to see more raises this year. Realistically, the base rate cannot go above about 2% to 2.5% without becoming too expensive for heavily indebted governments to service. In the case of the USA, its debt payments, military budget and welfare payments are already considerably in excess of its entire tax revenue. But the Fed has to be seen to be doing something about inflation. This is an election year in the USA, and only about 25% of Americans own stocks, while nearly everyone is hurt by inflation, especially the poor. So the Fed, under pressure from politicians, will be ready to throw stock holders under the bus to protect the rest. Yes, it makes your stock portfolio go down and the value of your house go down, but if you have those you've done incredibly well in the last ten years, so a bit of pain won't be too bad for you. Inflation, on the other hand, is insidious and destructive, and can easily get out of control. I suspect the Fed won't return to easing again until the economy crashes and unemployment is rising sharply.

[Minimalist]

In reading fuel shortages here in the UK. Anyone confirm?

[Uksilverstackers]

34 minutes ago, Minimalist said:

In reading fuel shortages here in the UK. Anyone confirm?

 Not sure if relevant, but my local motorway signs saying no diesel in service areas and both my local Sainsburys and Asda Supermarket Petrol Stations closed with no fuel available today....

[Petra]

7 minutes ago, Uksilverstackers said:

 Not sure if relevant, but my local motorway signs saying no diesel in service areas and both my local Sainsburys and Asda Supermarket Petrol Stations closed with no fuel available today....

Are we safely going to say that the next national fuel issue started here?😁 plenty up here!

[Minimalist]

9 minutes ago, Uksilverstackers said:

 Not sure if relevant, but my local motorway signs saying no diesel in service areas and both my local Sainsburys and Asda Supermarket Petrol Stations closed with no fuel available today....

Bloomberg was saying earlier that there is 40 days left (on the continent of Europe) of supply.

[Petra]

1 minute ago, Minimalist said:

Bloomberg was saying earlier that there is 40 days left (on the continent of Europe) of supply.

How many days supplies do you think are in storage? Unless it’s a national asset it’s going to be too expensive to store?

[Minimalist]

10 minutes ago, Petra said:

How many days supplies do you think are in storage? Unless it’s a national asset it’s going to be too expensive to store?

Dont know. People are getting angry in areas. If it continues to spread, choas will ensue, food supplies will follow, you name it. Already truckers are getting sick of it.

[Stacktastic]

17 hours ago, GoldDiggerDave said:

her fuel bill has gone up £120 per month

It will be smashed down to $80 before too long, so she need not worry. 
I dont believe the $200 a barrel predictions.  

[Stacktastic]

16 hours ago, HerefordBullyun said:

Cannabis in ya loft all year round! Not good for the heating bill unless you can nick ya neighbours leeccy... Big give away in the picture below 

 

Thats amazing. Lofts are the worst place to grow it due to temperature fluctuations. 
Depends on insulation I guess? 

[GoldDiggerDave]

@papi1980 100% agree all this is moves to nail enough of us into compliance and accepting a CBDC.   I'm convinced it will first start in the form of UBI to "help the poor and needy" and before you know it you are getting paid directly into your CBDC account and cash will vanish over night.  Once this happens the government has 100% control over every single aspect of our life. 

[papi1980]

23 minutes ago, GoldDiggerDave said:

@papi1980 100% agree all this is moves to nail enough of us into compliance and accepting a CBDC.   I'm convinced it will first start in the form of UBI to "help the poor and needy" and before you know it you are getting paid directly into your CBDC account and cash will vanish over night.  Once this happens the government has 100% control over every single aspect of our life. 

Agree…I also think CBDC will happen and we will not be able to do much about it since people will embrace it

i naturally prefer government/CB to have minimal interference in my life (this is how I differentiate left vs conservative politics), however over the last 20 years, governments have been outright left (even Tory); interfering with my earnings, my taxes, my education, my freedom rights, my movement and now planning with my spending habits (via CBDC)

In all these changes, people embraced them with minor opposition 

so if that change to CBDC is inevitable, the question how left will be the CBDC transition ? How far will the spending habits be influenced 

what I hope is that ordinary people be more aware of what CBDC means and will oppose the more leftish version (example of that is Canada’s decision on truck drivers and their supporters, china’s social credit) or rightish version (a UI - universal income but allowed use of PM, crypto, etc)

my view, there is higher chance to be leftish than right…;( 

[papi1980]

I’m watching the lockdown situation on Shanghai and Probably you have seen this and not sure if that is reaL but decided to share 

there is resistance even in leftish scenarios  

 

[ady]

8 minutes ago, papi1980 said:

I’m watching the lockdown situation on Shanghai and Probably you have seen this and not sure if that is reaL but decided to share 

there is resistance even in leftish scenarios

This where Gates, Soros & the Davos crowd are pushing us.

[Stacktastic]

1 hour ago, papi1980 said:

I’m watching the lockdown situation on Shanghai and Probably you have seen this and not sure if that is reaL but decided to share 

there is resistance even in leftish scenarios  

 

Im sorting a small growing stock pile of non perishable food (rice and stuff) Makes me feel less of a crazy person watching this.  

Also i just had an intuitive vision of Ga tes being ass-assinated - Its very public - in a big city centre like New York. 
dont know how accurate that is but you heard it first here chaps. Maybe crossing wires with Lennon LOL. 😛 

Edited April 10, 2022 by Stacktastic

[GoldDiggerDave]

22 hours ago, papi1980 said:

so if that change to CBDC is inevitable, the question how left will be the CBDC transition ? How far will the spending habits be influenced 

Before I put my tinfoil hat on look at the industrial revolution 1760-1840 who was it really good for? I don't know if you know about the the group of people labeled the Luddites those skilled labourers especially girls/women who were earning twice the average wage spinning cotton from their cottages. (AKA the cottage industry) 

Overnight they were put out of business and were forced to work in the hell hole factories for a fraction of their wages no doubt reducing their already short life expectancy.  The Luddites (which though time is a word to describe someone of low intelligence and doesn't like change)  resisted and  pushed back at the appalling working conditions, smashed up some mills (A local one to me it's still standing where they protested)

Ultimately they were crushed by the system even hanging  men and boys  to scare the workers into compliance.  The industrial revolution  was great for the 1% and most would say it was good for Britain I very much doubt you would say that if you was one of average working population at the time, I would suspect you would have a very different view.

We are on the verge a a revolutionary shift.

CBDC is just a part in the new system that some are calling the 4th industrial revolution.  Without sounding pessimistic I feel the ultimate goal of governments is to have a blockchain system of total social and economic dominance. Everything you do however benign or otherwise will be recoded in this controlling digital programmable system.  

What can the government do?  Anything they want and once the population is hooked by this system (and they maybe benefits and conveniences especially at first adoption ) there will no work around it.  

Geofencing they can digitally control your movements the second you are out of your allotted digital area you are cut off, hell they could make your electric stop and turn around.  

Voting, vaccinations,  or political views  Don't vote or don't toe the political line.....You are cut off

Micro/individual  Currency manipulation They can put an expiry date on your currency for you to spend it before it depreciates to nothing due to programmable negative rates, or charge you more for buying items they deemed to be bad for you.  Endless control options they could enforce even how much PM's you can buy or at all.

Why have we got tech companies putting up ten's of thousands of low orbit satellites?  I'm sure as sugar it's not to give farmers in rural locations a good wifi signal, once they have world wide coverage you won't  be able to escape the system anywhere on the planet (I know this is sounding like a bad 1980's science fiction film)

Have a play with the interactive chart on the World Economic Forum website explaining how think-tanks  are going to introduce this new system.

Change is coming It's going to be great for the 1% and possibly the country.......For us the 99% on the other hand I really don't know.

https://intelligence.weforum.org/topics/a1Gb0000001RIhBEAW?tab=publications

[CANV]

Indeed .. the country that goes all in first May well be the next world leader for a time.  But yes the proles will pay the price. 
inhave loads of reasonably well off middle class mates who are more than happy to lose cash, do everything on their phone ,be  monitored to make booking stuff easier 

they just don’t care what company or organisation knows everything about them.  And they are in their early fifties ! 
imagine what the youth are like 

[Minimalist]

8 minutes ago, CANV said:

imagine what the youth are like 

Worse, with gender mental illness and neoliberalism its turned into full scale schizophrenia.

[FlorinCollector]

Interest rate on my student loan rose to 1.5% but strap in if you live in England. Rising to 12% in the Autumn. 🤒🤒🤒

BBC spokesperson saying won’t really affect you guys in the long term 😐

[FlorinCollector]

Just to add I am on a salary above average and I only pay roughly £60 a month back to my student loan. 
 

On the amount I still owe the monthly interest is £19.95. In England the interest would be £159.64. Since they upped the income threshold before you start paying back these people have no chance of even paying back monthly interest amount. 

[kimchi]

8 minutes ago, FlorinCollector said:

Interest rate on my student loan rose to 1.5% but strap in if you live in England. Rising to 12% in the Autumn. 🤒🤒🤒

BBC spokesperson saying won’t really affect you guys in the long term 😐

It's been a long time since I went to university. I was aware things had become very tough for students, but I am beyond shocked, that is absolutely outrageous 😮

[HerefordBullyun]

10 minutes ago, kimchi said:

It's been a long time since I went to university. I was aware things had become very tough for students, but I am beyond shocked, that is absolutely outrageous 😮

Just dont go to uni - Ive blagged it more waffle than birdseye.