Inflation continues to surge

[Pierre Trudeau]

https://www.wsj.com/articles/us-inflation-consumer-price-index-may-2021-11623288303

[risky biz]

On Thursday, June 10, 2021 at 9:13:33 AM UTC-7, Pierre Trudeau wrote:
> https://www.wsj.com/articles/us-inflation-consumer-price-index-may-2021-11623288303

Paul Popinjay: economic sage

BillBlabbermouth: economic illiterate

[BillB]

Uh, I'm the one who predicted 5% inflation. Popinjay said the dollar is going to ZERO in the next 9 months. You are an idiot, plain and simple.

[risky biz]

Stop making shit up. And go weep somewhere else. You should leave before Jerry gets after you.

[BillB]

He has nothing....AGAIN!

[risky biz]

//////////////// YOU ARE FULL OF SHIT AND YOU ARE STUPID.

[BillB]

LOL...it's fun watching riskytard regress into nothingness.

[Clave]

I sure hope your true love doggo isn't black, or VegasBarney might just
come over and fire a few warning shots into her.

He's a lawman, don'tcha know. He can do that.

[Satoshi Popinjay]

On Thursday, June 10, 2021 at 5:45:52 PM UTC-7, BillB wrote:

> Uh, I'm the one who predicted 5% inflation. Popinjay said the dollar is going to ZERO in the next 9 months. You are an idiot, plain and simple.

What's really a shame, and what makes you further such an asshole, is that some people may believe you and base their life decisions on some bullshit trolling you're doing. You think this is a game. It's not. The Money Supply is MUSHROOMING, and that's a fact. And people are going to be feeling it soon, big time, they are going to be suffering, much sooner than much later. Some people may dismiss this dire warning, because of you and your little games. You have no conscience.

[BillB]

On Friday, June 11, 2021 at 4:31:42 AM UTC-7, Satoshi Popinjay wrote:
> On Thursday, June 10, 2021 at 5:45:52 PM UTC-7, BillB wrote:
> > Uh, I'm the one who predicted 5% inflation. Popinjay said the dollar is going to ZERO in the next 9 months. You are an idiot, plain and simple.

> What's really a shame, and what makes you further such an asshole, is that some people may >believe you and base their life decisions on some bullshit trolling you're doing.

Why the hell would anyone listen to me when they have a financial genius like you advising them? If you are really worried about them, why don't you tell everyone how many millions you've already made buying commodity futures on margin? Why the big secret? Surely you made at least a million on oil alone.

>You think this is a game. It's not.

Predicting the future is always a game, one I've been proven to be quite good at. You...not so much.

>The Money Supply is MUSHROOMING, and that's a fact. And people are going to be feeling it soon, >big time, they are going to be suffering, much sooner than much later. Some people may dismiss >this dire warning, because of you and your little games. You have no conscience.

So if you know what's going to happen, MAKE MONEY from it! DUH! What the fuck is wrong with you?

[Satoshi Popinjay]

On Friday, June 11, 2021 at 7:25:16 AM UTC-7, BillB wrote:

> So if you know what's going to happen, MAKE MONEY from it! DUH! What the fuck is wrong with you?

That's not the point, asshole. There is major inflation coming, and you are telling people that it is not. And you know better. Piece of shit.

[risky biz]

On Thursday, June 10, 2021 at 5:45:52 PM UTC-7, BillB wrote:
> On Thursday, June 10, 2021 at 5:17:00 PM UTC-7, risky biz wrote:
> > On Thursday, June 10, 2021 at 9:13:33 AM UTC-7, Pierre Trudeau wrote:
> > > https://www.wsj.com/articles/us-inflation-consumer-price-index-may-2021-11623288303
> >
> > Paul Popinjay: economic sage
> >
> > BillBlabbermouth: economic illiterate

~ Uh, I'm the one who predicted 5% inflation.

So you read something in the news and repeated it here. Do you really think anyone is dumb enough to believe you did any independent research yourself? Other than Clave?

And why aren't you predicting when it will go back down to 2% or 3%? You keep asking Paul to predict when it will go up higher. Let's have the date, Mr. Predicter.

[BillB]

I am stating my opinion, as are you. If people believe you, there is MONEY to be made. Making money is always the point. So, are you making big bets and big money?? If not, that's an obvious tell that even you don't believe your own horseshit.

[BillB]

Paul has already predicted that the dollar will be worth ZERO come February, 2022. If you believe that, which you apparently do as one of his loyal disciples, then you are as dumb as a bag of horseshoes.

Sure, I could predict for you when it will go down to 3%, but what's the point? You will just claim I read it in the news, right? And yes, I do base my opinions on what I read in the financial news, but one must be selective and apply critical thinking (something you know nothing about), because opinions are all over the place. Where did you expect me to get my information? From a ouija board? lol

[Satoshi Popinjay]

On Friday, June 11, 2021 at 9:29:17 AM UTC-7, BillB wrote:

> I am stating my opinion, as are you.

You are not stating your opinion. You are trolling and deceiving people. You know goddam well there is major inflation coming.

[BillB]

So what are you doing to get rich from it? Why do you keep avoiding this basic question? Everyone here can get filthy rich if you'll just share your strategy with us. Have you thought of anything better than planting soybeans in your backyard yet?

[risky biz]

On Friday, June 11, 2021 at 9:42:22 AM UTC-7, BillB wrote:
> On Friday, June 11, 2021 at 9:29:02 AM UTC-7, risky biz wrote:
> > On Thursday, June 10, 2021 at 5:45:52 PM UTC-7, BillB wrote:
> > > On Thursday, June 10, 2021 at 5:17:00 PM UTC-7, risky biz wrote:
> > > > On Thursday, June 10, 2021 at 9:13:33 AM UTC-7, Pierre Trudeau wrote:
> > > > > https://www.wsj.com/articles/us-inflation-consumer-price-index-may-2021-11623288303
> > > >
> > > > Paul Popinjay: economic sage
> > > >
> > > > BillBlabbermouth: economic illiterate
> > ~ Uh, I'm the one who predicted 5% inflation.
> >
> > So you read something in the news and repeated it here. Do you really think anyone is dumb enough to believe you did any independent research yourself? Other than Clave?
> >
> > And why aren't you predicting when it will go back down to 2% or 3%? You keep asking Paul to predict when it will go up higher. Let's have the date, Mr. Predicter.
> Paul has already predicted that the dollar will be worth ZERO come February, 2022. If you believe that, which you apparently do as one of his loyal disciples, then you are as dumb as a bag of horseshoes.
>

> Sure, I could predict for you when it will go down to 3%,

Yeah. Sure you could. Do you think there's anyone smarter than Clave that doesn't realize you are full of shit?

> but what's the point? You will just claim I read it in the news, right? And yes, I do base my opinions on what I read in the financial news, but one must be selective and apply critical thinking (something you know nothing about), because opinions are all over the place. Where did you expect me to get my information? From a ouija board? lol

Attribution of the source would be adequate, you fake.

You just said minutes ago 'Sure, I could predict for you when it will go down to 3%'.

[Satoshi Popinjay]

On Friday, June 11, 2021 at 9:42:22 AM UTC-7, BillB wrote:

> Paul has already predicted that the dollar will be worth ZERO come February, 2022.

If it is next week, if it is next month, if it is next year, we are following the exact same path as Venezuela, Zimbabwe, pre-war Germany, etc. Even Germany's money did not go to zero, a wheelbarrow of it still bought a slice of bread. But yes, I do believe the Dollar will go to zero. Much sooner, than much later. A third of all the money our country has ever printed was printed in 2020. Wrap your head around that. It means our Dollar is approaching extinction.

[Satoshi Popinjay]

On Friday, June 11, 2021 at 9:49:53 AM UTC-7, BillB wrote:

> So what are you doing to get rich from it? Why do you keep avoiding this basic question?

Because it's personal. So don't ask.

[BillB]

No, the reason is that you are completely full of shit.

[Satoshi Popinjay]

On Friday, June 11, 2021 at 10:00:43 AM UTC-7, BillB wrote:


> No, the reason is that you are completely full of shit.

Insulting me will not get me to share my strategy with you. You will have to be satisfied with soybeans, backyard, etc.

[BillB]

So you are accusing me of harming people, and meanwhile you are preventing them from becoming filthy rich like you. What a hypocrite.

[Satoshi Popinjay]

On Friday, June 11, 2021 at 10:43:11 AM UTC-7, BillB wrote:

> So you are accusing me of harming people, and meanwhile you are preventing them from becoming filthy rich like you. What a hypocrite.

Completely different. You are an inflation denier. I am an inflation truthsayer. But I am not a financial advisor. And it's still not working, Bill, you're not going to get it out of me. Taunt and insult me all you want. Soybeans, backyard.

[BillB]

I'm not denying anything. It's 5%, just like I told you it would be.

[Pierre Trudeau]

https://wolfstreet.com/2021/06/10/it-gets-ugly-dollars-purchasing-power-plunged-at-fastest-pace-since-1982-its-permanent-not-temporary-wont-bounce-back/

[BTSinAustin]

How much of this is inflation and how much is supply and demand? The supply chain is seriously fucked right now. Since the magic virus didn't affect big box stores, UPS drivers, and amazon distribution centers people were buying shit like no other time in history as they sat home not making shit. US (and European) imports have been so high and exports so low that there's a worldwide container shortage that makes it hard to get cheap shit from China. Add to that the Longshoremen at the Port of LA operating at 25% capacity and you have shortages of damn near everything.

[VegasJerry]

LOL @ those "Geniuses" patting themselves on the back for "Predicting inflation," when
every Econ 101 student knows that the shutdown is over and we're out spending the money we've been
hording.

lol

[Satoshi Popinjay]

On Friday, June 11, 2021 at 11:31:46 AM UTC-7, BTSinAustin wrote:

> How much of this is inflation and how much is supply and demand? The supply chain is seriously fucked right now. Since the magic virus didn't affect big box stores, UPS drivers, and amazon distribution centers people were buying shit like no other time in history as they sat home not making shit. US (and European) imports have been so high and exports so low that there's a worldwide container shortage that makes it hard to get cheap shit from China. Add to that the Longshoremen at the Port of LA operating at 25% capacity and you have shortages of damn near everything.

You are right. There's a container shortage because they're all stacked up in Long Beach and Oakland, EMPTY, because our country no longer produces anything to export. And it's cost prohibitive to return empty containers.

[Satoshi Popinjay]

How long will that last? There's no longer any protection against stiffing your landlord or mortgage holder.

[Pierre Trudeau]

Including trillions of dollars in Covid checks. Money we don't have, money we printed.

[Clave]

Just ignore those trillion-dollar tax breaks for rich fuckwads T-Rump
passed.

[Pierre Trudeau]

[Pierre Trudeau]

On Friday, June 11, 2021 at 8:40:16 PM UTC-5, Clave wrote:

Didn't mention either party. The covid checks were sent out by both administrations. In both cases it was money we didn't have.

[BillB]

You know what they say, opinions are like assholes.

He does a lot of talking about purchasing power, and how it's "never coming back." Well, it never does come back, but that's a misleading statement. It's been going down since the early 30s, because he isn't looking at constant dollars, he's using index value. It's much more helpful to look at real per capita disposable income.

https://fred.stlouisfed.org/series/A229RX0A048NBEA (chained 2012 dollars)

As you can see, while index value purchasing power has gone nowhere but down since the 30's, disposable income in constant dollars has done nothing but increase. We're all one hell of a lot richer (well, except riskytard, but he bets $12,000 a minute on the nickel slots). That's why they say we all live like kings and queens (<== riskytard and popinjay) from the late 19th century, minus the castles.

[Satoshi Popinjay]

On Friday, June 11, 2021 at 8:14:05 PM UTC-7, BillB wrote:

> You know what they say, opinions are like assholes.
>

You know what they say, you are like an opinion.

[Satoshi Popinjay]

On Friday, June 11, 2021 at 8:14:05 PM UTC-7, BillB wrote:

> (well, except riskytard, but he bets $12,000 a minute on the nickel slots).
>

No doubt you are misquoting him, which does nothing for your credibility. If he bets $12k per hour on anything, I'm guessing he is earning at least $120 an hour. How's your 1-cent/2-cent Beldin stakes coming along?

[BillB]

Not per hour...per minute! He got confused by what he overheard in the men's room and ended up getting caught telling a whopper. He said he plays 8 hands per second. lol What a nut.

And someone who makes $120/hr doesn't brag that he has $1000 worth of hamburgers saved up.

[Clave]

*WHOOSH*

[Satoshi Popinjay]

On Friday, June 11, 2021 at 8:59:04 PM UTC-7, BillB wrote:

> Not per hour...per minute! He got confused by what he overheard in the men's room and ended up getting caught telling a whopper. He said he plays 8 hands per second. lol What a nut.
>

You're the nut. He can easily knock out 8 to 10 hands per second playing Ult X and various other games, with a healthy advantage. If you don't know, don't post.

[Satoshi Popinjay]

On Friday, June 11, 2021 at 9:52:17 PM UTC-7, Clave wrote:

> *WHOOSH*


Hey Pierre, if you're new here, I should warn you, before Clave came to this newsgroup he had amassed 100s of thousands of posts on groups like the Dr.Laura newsgroup. Just sayin.

[BillB]

Uh...he claimed he made a mistake. You're both nuts. If you don't know, don't post...I don't care if you are his internet wife.

[Dutch]

So what are you worried about? Your currency will be devalued? Welcome
to the club. iPhones will cost $50 more, but your goods will be more
attractive on world markets.

[Pierre Trudeau]

Do you think the Germans cared that their good were cheaper overseas when they were carrying the cost of a loaf of bread in a wheelbarrow?

[Clave]

Funny how debt only matters when Democrats are in office.

[VegasJerry]

And now we're paying the price for that. I went into the Subaru dealer to check prices on a new car (for the wife) and there were no salesman attacking me. Some garage guy working the floor said, "We're in a car shortage. No chips because China makes them. The mldel you want is low priority and won't get chips till about August."

Corporations are paying the price for firing workers and having China make all our shit.

[VegasJerry]

Well, I was thinking about other spending. We used to go out 2 or 3 times a week, and I'd go out extra for golf breakfast with the boys and our Friday racquetball breakfast. A lot of people in Vegas eat out a lot. We even had a local court case forcing casinos to charge at least what the meals cost to make because they were running the local restaurants out of business with their, "99¢ Breakfasts."

(Which we'd have before golf).

We're starting to go out more, now that the restrictions are lifted and my last blood test came back "Good for antibodies."

[VegasJerry]

Yea, deficit spending depends on who's in office.

[VegasJerry]

Heh, almost spilt my wine....

[VegasJerry]

Reminds me of Poker Stars days when they were going to ban a player because he was in too many games. He sent a video of him playing something like 20 tables at once. (don't 'member xsat number) but I was the video... Jeeze, I've tried 4 and get fucked up...

Oh, and BabbingBackupBillB know it was a Riski typo because he's trying to back out of one of his own typos right now.

(What a fucking loser....)

[BillB]

Oh, shut up, jerrytard. Can't you see I am trying to teach your bro' riskytard a valuable life lesson? Remember when I misread one of popinay's posts and riskytard went on and on for MONTHS like a gibbering fool that I didn't know the difference between 7-stud and holdem? Then the other day he attacks me for skipping a word, and then promptly makes two third grade diction errors of his own? He needs to learn to behave like an adult, and so do you. Well, it's likely far too late for you, but I am still holding out a shred of hope for riskytard. Maybe if I bribe him with a free slice of pizza?

[risky biz]

On Saturday, June 12, 2021 at 1:32:00 PM UTC-7, BillB wrote:
> On Saturday, June 12, 2021 at 11:43:58 AM UTC-7, VegasJerry wrote:
> > On Friday, June 11, 2021 at 10:11:49 PM UTC-7, Satoshi Popinjay wrote:
> > > On Friday, June 11, 2021 at 8:59:04 PM UTC-7, BillB wrote:
> > >
> > > > Not per hour...per minute! He got confused by what he overheard in the men's room and ended up getting caught telling a whopper. He said he plays 8 hands per second. lol What a nut.
> > > >
> > > You're the nut. He can easily knock out 8 to 10 hands per second playing Ult X and various other games, with a healthy advantage. If you don't know, don't post.
> > Reminds me of Poker Stars days when they were going to ban a player because he was in too many games. He sent a video of him playing something like 20 tables at once. (don't 'member xsat number) but I was the video... Jeeze, I've tried 4 and get fucked up...
> >
> > Oh, and BabbingBackupBillB know it was a Riski typo because he's trying to back out of one of his own typos right now.
> >
> > (What a fucking loser....)

~ Oh, shut up, jerrytard. Can't you see I am trying to teach your bro' riskytard a valuable life lesson? Remember when I misread one of popinay's posts and riskytard went on and on for MONTHS like a gibbering fool that I didn't know the difference between 7-stud and holdem? Then the other day he attacks me for skipping a word, and then promptly makes two third grade diction errors of his own? He needs to learn to behave like an adult, and so do you. Well, it's likely far too late for you, but I am still holding out a shred of hope for riskytard. Maybe if I bribe him with a free slice of pizza?

You're trying to say that my mistakenly typing 'minute' rather than 'hour' is equivalent to you obviously not being able to recognize a 7-stud hand when you see one? LOL. You're still hu-u-gely butthurt about everyone seeing that you don't know poop about poker.

[VegasJerry]

On Saturday, June 12, 2021 at 1:32:00 PM UTC-7, BillB wrote:

> On Saturday, June 12, 2021 at 11:43:58 AM UTC-7, VegasJerry wrote:
> > On Friday, June 11, 2021 at 10:11:49 PM UTC-7, Satoshi Popinjay wrote:
> > > On Friday, June 11, 2021 at 8:59:04 PM UTC-7, BillB wrote:
> > >
> > > > Not per hour...per minute! He got confused by what he overheard in the men's room and ended up getting caught telling a whopper. He said he plays 8 hands per second. lol What a nut.
> > > >
> > > You're the nut. He can easily knock out 8 to 10 hands per second playing Ult X and various other games, with a healthy advantage. If you don't know, don't post.
> > Reminds me of Poker Stars days when they were going to ban a player because he was in too many games. He sent a video of him playing something like 20 tables at once. (don't 'member xsat number) but I was the video... Jeeze, I've tried 4 and get fucked up...
> >
> > Oh, and BabbingBackupBillB know it was a Riski typo because he's trying to back out of one of his own typos right now.
> >
> > (What a fucking loser....)

> Oh, shut up, jerrytard.

Gee, I embarrassed you by showing you up, once again...

WHA! HA~Ha! Poor backupBillB....

> Can't you see ...
> I am trying to teach...
> Remember when...
> gibbering fool that I ...
> the other day ...
> far too late for you...

> a free slice of pizza?

Like I said above: "> > (What a fucking loser....)"

[Dutch]

So are you seriously comparing 2021 USA to post-war Germany? That should
tell you something about your argument.

[Satoshi Popinjay]

On Saturday, June 12, 2021 at 8:44:11 PM UTC-7, Dutch wrote:

> So are you seriously comparing 2021 USA to post-war Germany? That should
> tell you something about your argument.

Would you rather he compared 2021 USA to 2021 Venezuela?

[BillB]

Not even close. You are going to feel so foolish when your "hyperinflation" never materializes. Or will you? Maybe not. Maybe you'll just move on to the next wacky theory.

[Dutch]

Another absurd comparison. The US has the world's biggest, most
resilient economy, and your currency is the international monetary
standard.

[Satoshi Popinjay]

On Sunday, June 13, 2021 at 1:43:06 AM UTC-7, Dutch wrote:

> Another absurd comparison. The US has the world's biggest, most
> resilient economy, and your currency is the international monetary
> standard.

Edmund Burke was talking about you when he issued his famous statement, "Those who don't know history, are some stupid mutherfuckers."

[Satoshi Popinjay]

On Sunday, June 13, 2021 at 1:43:06 AM UTC-7, Dutch wrote:

> Another absurd comparison. The US has the world's biggest, most
> resilient economy, and your currency is the international monetary
> standard.

Nixon changed that in 1971. Only a few months ago the IMF was talking about a "New Bretton Woods Moments". And there are already a couple dozen countries who are considering NOT accepting the Dollar as the reserve currency. You're a day late and a dollar short, moron.

[Pierre Trudeau]

No, I'm not. Just a bit of hyperbole to illustrate that for the average person export values don't mean near as much as the cost of their every day essentials.

By the way, do you know that inflation is calculated differently now than it was in 1980 or 1990? In fact the formula has been changed more than 20 times since then. It is in the governments interest that reported inflation be kept low, so they continue to tweak the formula in their own interest. If we still calculated inflation like we did in 1980, inflation would be 13%.

[Satoshi Popinjay]

On Sunday, June 13, 2021 at 6:09:02 AM UTC-7, Pierre Trudeau wrote:

>
> By the way, do you know that inflation is calculated differently now than it was in 1980 or 1990? In fact the formula has been changed more than 20 times since then. It is in the governments interest that reported inflation be kept low, so they continue to tweak the formula in their own interest. If we still calculated inflation like we did in 1980, inflation would be 13%.

I told them that. They are not interested in facts, they just want to troll and talk shit.

[BillB]

Who told you all this? The calculation methods constantly change as they learn methods t make it more accurate, and the formula is still biased to OVER-state real inflation values. It's not a government conspiracy. And 13%?? Complete nonsense. Do you know how often general prices would quadruple at the rate?

[risky biz]

Christ. You're a dumb shit. He said the over 5% just reported would be 13% if calculated with the 1980 method. In response, you spew some irrelevant mutant troll shit about calculating the EFFECT of 13%.

[BillB]

As usual, 10 miles over riskytard's pea brain. LOL

[Pierre Trudeau]

[Pierre Trudeau]

On Sunday, June 13, 2021 at 10:50:51 AM UTC-5, BillB wrote:

They don't change it to make it more accurate. They change it to obfuscate the real numbers. SS benefits raises are tied to the CPI. It benefits the government to keep the CPI low. Do you dispute that inflation in 1980 was pushing 15%? That is what it was using the formula in place at that time, and everyone who lived through knows inflation was terrible then. Using the same formula that was in place then, the current rate of inflation IS 13%.

http://www.shadowstats.com/alternate_data/inflation-charts

[BillB]

Oh God, not the shadow-man again! Complete nutcase who I have debunked repeatedly. I knew you had to be relying on some bonkers source. No, there is no government conspiracy. The CPI is calculated by career mathematicians, statisticians, and economists. They don't have a political agenda, and the same ones work for Republican and Democratic administrations. The formula is constantly tweaked to reflect current realities in constant product improvements ( ex. you can't just compare the price of an iPhone1 to an iPhone12 without considering how much better an iPhone 12 is) and consumer purchasing preferences TO MAKE IT MORE ACCURATE, and it STILL over-estimates real inflation values, even with all that tweaking. I think you need to double up on the tinfoil.

If the current rate of inflation were 13%, and you can borrow money at 2%, what should you do?

[Pierre Trudeau]

So, what is nutty about comparing the method used to calculate inflation before and the method used now? I'll ask you again, Did you believe the CPI numbers in 1980 that showed inflation was 15%?

I wonder if you are open minded to actually read this article that documents the hows and whys the index was changed. It is also from Shadowstats, so I doubt you will even look at it.

Also, even if we used the "official" CPI the dollar is being destroyed anyway. Too have the same purchasing power of 100 dollars in 1980, you need 344 dollars today. I think that's a problem.

[BillB]

Here's another way to think about it. Imagine an American retiree who was a total failure in life and is now trying to eke out a poverty existence on social security alone. For convenience, we will make up a fictional name for him...call him "riskytard." Unfortunately, there are millions of low-IQ seniors just like riskytard.

Now imagine if riskytard's government benefits were indexed to a totally phony inflation rate that was underestimated by evil government bureaucrats by 2.5x. How many years would it take before riskytard was homeless, starving to death and pimping himself out in the Palace Station men's room? Not many years at all (assume that there are no pit bosses taking pity on him and giving him free hamburgers and pizza slices).

Does that mathematical reality reflect what you see in the real world?

[BillB]

I can't remember if I believed them, but they clearly were not nearly as accurate as today's calculations.

> I wonder if you are open minded to actually read this article that documents the hows and whys the index was changed. It is also from Shadowstats, so I doubt you will even look at it.
>

I doubt it too. Find me a halfway credible source and I will.

> Also, even if we used the "official" CPI the dollar is being destroyed anyway. Too have the same purchasing power of 100 dollars in 1980, you need 344 dollars today. I think that's a problem.

I think I already explained that "purchasing power" means little to nothing (unless you are living on a flat-rate annuity or something like that). You need to look at per capita disposable income in constant dollars, which is constantly increasing. That's where your standard of living comes from.

[Pierre Trudeau]

There are many seniors having a very difficult time due to SS COLA increases not keeping up with real world inflation. Here are 2 articles, one very recent and one from 3 years ago. Here is a quote from the 2018 article.

"Social Security benefits have lost 34 percent of buying power since 2000, according to a study released earlier this year by The Senior Citizens League. And in the past year alone, Social Security recipients fell 4 percent behind the rise in their actual cost of living, according to Johnson.
“The loss occurred even though beneficiaries received a 2-percent annual cost-of-living adjustment (COLA) for 2018,” she explained."

https://www.pbs.org/newshour/economy/making-sense/why-social-securitys-annual-increase-doesnt-actually-keep-up-with-cost-of-living

https://www.cnbc.com/2021/04/27/-social-security-cola-adjustment-not-keeping-up-with-prices-retirees-pay.html

[Pierre Trudeau]

"Clearly" inaccurate. Based on what?

[BillB]

Based on them being improved dozens of times since then.

[BillB]

The "study" is by a senior citizen's advocate group, and based on self-reporting by seniors who claim their expenses increased more than their benefits. What did you expect them to say? If buying power on what was already a subsistence income income in 2000 really dropped 35%, you'd be seeing a crisis in mass starvation and homelessness among seniors. I don't think we are seeing that. Riskytard still has money to play nickel slots, and I don't think he's exactly knocking it out of the park giving gumjobs in the Palace Station men's room. Further, if the government had been underestimating inflation by 2.5x over 20 years, you'd see one hell of lot more than a 35% reduction in buying power. Run those numbers. The math doesn't even come close to adding up.

[VegasJerry]

On Saturday, June 12, 2021 at 10:50:20 PM UTC-7, BillB wrote:
> On Saturday, June 12, 2021 at 10:31:48 PM UTC-7, Satoshi Popinjay wrote:
> > On Saturday, June 12, 2021 at 8:44:11 PM UTC-7, Dutch wrote:
> >
> > > So are you seriously comparing 2021 USA to post-war Germany? That should
> > > tell you something about your argument.
> > Would you rather he compared 2021 USA to 2021 Venezuela?
> Not even close. You are going to feel so foolish when your "hyperinflation" never materializes.

> Or will you?...
> Maybe not....
> Maybe you'll ...

Here's BackupBillB preparing for another of his, "I predicted it," by trying to cover all bases...

[VegasJerry]

I even go the tattoo.

[Satoshi Popinjay]

On Sunday, June 13, 2021 at 11:19:38 AM UTC-7, Pierre Trudeau wrote:


> "Clearly" inaccurate. Based on what?

You're just going to frustrate yourself trying to talk sense with BillBlab the troll. This is his goal in life, to stir up shit and spread lies on a newsgroup. So far what you have said about CPI is exactly right, and BillBlab has contradicted you every step of the way. He's a troll. An asshole and a troll.

[BillB]

What he has said doesn't hold up to 6th grade arithmetic. And you should know that, because you made it to 8th grade.

[Dutch]

There is virtually zero chance of runaway inflation happening in the
United States in the foreseeable future. What is certain is that there
will always be doomsayers and conspiracy theorists who believe dumb shit.

[BillB]

Don't be silly. Popinjay knows far more than the world's institutional currency traders and hacks like Warren Buffett. He has his GED and he watches youtube religiously!

[Dutch]

On 2021-06-13 6:08 a.m., Pierre Trudeau wrote:
> On Saturday, June 12, 2021 at 10:44:11 PM UTC-5, Dutch wrote:
>> On 2021-06-12 5:32 a.m., Pierre Trudeau wrote:
>>> On Saturday, June 12, 2021 at 4:00:19 AM UTC-5, Dutch wrote:
>>>> On 2021-06-11 7:23 p.m., Pierre Trudeau wrote:
>>>>> On Friday, June 11, 2021 at 8:40:16 PM UTC-5, Clave wrote:
>>>>>> On 6/11/2021 6:15 PM, Pierre Trudeau wrote:
>>>>>>> On Friday, June 11, 2021 at 3:40:14 PM UTC-5, VegasJerry wrote:
>>>>>>>> LOL @ those "Geniuses" patting themselves on the back for "Predicting inflation," when
>>>>>>>> every Econ 101 student knows that the shutdown is over and we're out spending the money we've been
>>>>>>>> hording.
>>>>>>>>
>>>>>>>> lol
>>>>>>>
>>>>>>> Including trillions of dollars in Covid checks. Money we don't have, money we printed.
>>>>>>>
>>>>>> Just ignore those trillion-dollar tax breaks for rich fuckwads T-Rump
>>>>>> passed.
>>>>>
>>>>> Didn't mention either party. The covid checks were sent out by both administrations. In both cases it was money we didn't have.
>>>> So what are you worried about? Your currency will be devalued? Welcome
>>>> to the club. iPhones will cost $50 more, but your goods will be more
>>>> attractive on world markets.
>>>
>>> Do you think the Germans cared that their good were cheaper overseas when they were carrying the cost of a loaf of bread in a wheelbarrow?
>> So are you seriously comparing 2021 USA to post-war Germany? That should
>> tell you something about your argument.
>
> No, I'm not. Just a bit of hyperbole to illustrate that for the average person export values don't mean near as much as the cost of their every day essentials.

The average person needs a job, and a robust export market helps to keep
people employed. People with jobs can always cut corners to make up for
temporary rises in prices.

> By the way, do you know that inflation is calculated differently now than it was in 1980 or 1990? In fact the formula has been changed more than 20 times since then. It is in the governments interest that reported inflation be kept low, so they continue to tweak the formula in their own interest. If we still calculated inflation like we did in 1980, inflation would be 13%.

The only major expense I know of that has increased a lot since then is
the cost of housing. People have adapted. Some things are a lot cheaper.
Day-to-day costs have been virtually flat for decades.

[Satoshi Popinjay]

On Sunday, June 13, 2021 at 12:48:52 PM UTC-7, Dutch wrote:

> Day-to-day costs have been virtually flat for decades.

What does "decades" have to do with it, moron? Things are changing NOW, fuckface. As I have said, the rise in money supply is parabolic. A third of ALL the money we have ever printed in this nation's history was printed LAST year. Why are you so fucking stupid? Commodities are skyrocketing, NOW, not decades ago. Prices have not filtered down to retail yet. But they will. Sooner, not later. And if you are counting on the Dollar, you are going to be fucked. The days of the Dollar being the world's reserve currency are fast approaching an end.

[BillB]

Isn't it odd that both gold and silver are down since last August? If the rise in some commodities was going up primarily because of a declining dollar, wouldn't you expect gold and silver to lead the way? Wouldn't you expect all commodities to rise by roughly the same percentage if that was the primary factor? Do you think it's possible covid-related supply challenges along with wildly underestimated demand forecasts by producers in some commodity producing industries (ex. logging and lumber) might have had something to do with it? It's just a thought....although, admittedly, I don't watch a lot of wackadoodle youtube conspiracy videos, so I have a big blind spot.

[Satoshi Popinjay]

On Sunday, June 13, 2021 at 1:51:52 PM UTC-7, BillB wrote:

> Isn't it odd that both gold and silver are down since last August? If the rise in some commodities was going up primarily because of a declining dollar, wouldn't you expect gold and silver to lead the way?

No.

[BillB]

Why not?

[Satoshi Popinjay]

Why should I give you an honest opinion? You're not honest.

[BillB]

Okay, so you have nothing. Pretty much what I expected.

And why is oil almost exactly the same price it was three years ago? Also interesting that the US dollar index is almost exactly the same as it was when Biden was inaugurated. How could all those multi-billion dollar traders be so goddamned stupid??

[BillB]

One more question, Professor. If the dollar is on the verge of collapse, why have lumber prices dropped almost 40% in five weeks? Feel free to consult youtube before you answer, if you need to.

[Satoshi Popinjay]

[Satoshi Popinjay]

On Sunday, June 13, 2021 at 2:46:27 PM UTC-7, BillB wrote:

> Feel free to consult youtube before you answer, if you need to.
>

I don't.

[BillB]

Okay, so explain it. If you don't, people might start to think you are completely full of crap, and that could ruin their lives. You wouldn't want that, would you?

[Satoshi Popinjay]

On Sunday, June 13, 2021 at 2:56:33 PM UTC-7, BillB wrote:

> Okay, so explain it. If you don't, people might start to think you are completely full of crap, and that could ruin their lives. You wouldn't want that, would you?

People in my real life think I'm full of crap. Why should I care about you or RGP? Do you think I give a fuck what Tim, Dutch, you, or fucking Grunty thinks? ha ha ha I'm a master troll. Soybeans, indeed.

[BillB]

Soybeans down 8% in a month....L.A. Big Macs still $6.19. WTF?

[risky biz]

On Sunday, June 13, 2021 at 11:08:55 AM UTC-7, BillB wrote:

~ Here's another way to think about it. Imagine an American retiree who was a total failure in life and is now trying to eke out a poverty existence on social security alone. For convenience, we will make up a fictional name for him...call him "riskytard." Unfortunately, there are millions of low-IQ seniors just like riskytard.

>
> Now imagine if riskytard's government benefits were indexed to a totally phony inflation rate that was underestimated by evil government bureaucrats by 2.5x. How many years would it take before riskytard was homeless, starving to death and pimping himself out in the Palace Station men's room? Not many years at all (assume that there are no pit bosses taking pity on him and giving him free hamburgers and pizza slices).
>
> Does that mathematical reality reflect what you see in the real world?

That mutant troll spew is hilarious considering that it was typed by someone that has been consuming copious amounts of free government cheese his entire life. How does it get more hypocritical than that? You were a welfare baby and now you're making the finances of the Canadian healthcare system groan.

[risky biz]

They aren't 'so goddamned stupid' enough to think you have a functioning brain or have the first clue what you're blabbing about nonstop.

'The US Dollar Index, which measures the greenback versus the euro, yen and several other major global currencies, has fallen about 2.5% in the past three months -— and it's now down more than 7% in 2021.

Strategists at the BlackRock Investment Institute said in a report Monday that the "expectation of a flat to weaker U.S. dollar" is a reason why they are bullish on emerging markets stocks.

Several other experts think the weak dollar trend is likely to continue, mainly because the Fed has shown little willingness to raise rates anytime soon.

"The market still views the Fed as the 'most dovish' global central bank, and as long as that's the case, the dollar will have a hard time rallying much," said Tom Essaye, the founder and president of Sevens Report Research, in his morning newsletter Monday. '
https://www.cnn.com/2021/06/07/investing/dollar-stocks-currencies/index.html

[risky biz]

You're full of crap and it hasn't slowed down your mouth in the least. On the other hand, everyone else doesn't have the copious amounts of free government cheese you consume so that's an explanatory circumstance for the phenomenon.

[BillB]

On Sunday, June 13, 2021 at 4:54:49 PM UTC-7, risky biz wrote:
> On Sunday, June 13, 2021 at 2:17:03 PM UTC-7, BillB wrote:
> > On Sunday, June 13, 2021 at 2:09:48 PM UTC-7, Satoshi Popinjay wrote:
> > > On Sunday, June 13, 2021 at 2:07:03 PM UTC-7, BillB wrote:
> > > > On Sunday, June 13, 2021 at 2:03:32 PM UTC-7, Satoshi Popinjay wrote:
> > > > > On Sunday, June 13, 2021 at 1:51:52 PM UTC-7, BillB wrote:
> > > > >
> > > > > > Isn't it odd that both gold and silver are down since last August? If the rise in some commodities was going up primarily because of a declining dollar, wouldn't you expect gold and silver to lead the way?
> > > > > No.
> > > > Why not?
> > > Why should I give you an honest opinion? You're not honest.
> > Okay, so you have nothing. Pretty much what I expected.
> >
> > And why is oil almost exactly the same price it was three years ago? Also interesting that the US dollar index is almost exactly the same as it was when Biden was inaugurated. How could all those multi-billion dollar traders be so goddamned stupid??
> They aren't 'so goddamned stupid' enough to think you have a functioning brain or have the first clue what you're blabbing about nonstop.
>
> 'The US Dollar Index, which measures the greenback versus the euro, yen and several other major global currencies, has fallen about 2.5% in the past three months -— and it's now down more than 7% in 2021.
>

LOL..no, it hasn't, dimwit. Can't read a chart either?

[BillB]

Sticking with that fantasy, eh? lol

[Satoshi Popinjay]

On Sunday, June 13, 2021 at 5:50:08 PM UTC-7, BillB wrote:

> LOL..no, it hasn't, dimwit. Can't read a chart either?

Looks like you can't read a post, dumb ass. He's not making a statement, he's quoting an article. Did you bother to click the link? That's what links are for, y'know. Especially if you intend to insult someone inaccurately. Apparently the article, (here, I'll read it to you), is inferring that the Index has fallen 7% since the beginning of 2020, or a year's range of data. Which is true, fuckface.

[BillB]

January 4 (first day of trading in 2021) the US dollar index closed at 89.87. June 14th it closed at 90.59. Or as riskytard calls it, down more than 7%!! LOLOL Like I said...he makes jerrytard look like a Rhodes Scholar.

[BillB]

Ya, that's EXACTLY what he meant...that's why he quoted "now down more than 7% in 2021."

You and your husband are both complete idiots.