There is a shortage of diesel world wide and will start to affect prices in two ways . Higher food prices because of the rise in fuel price and demand for the smaller amount of food on the market produced because of lower fuel volume available . It did not need to happen and the Biden administration are totally responsible for it .
epirb: There is a shortage of diesel world wide and will start to affect prices in two ways . Higher food prices because of the rise in fuel price and demand for the smaller amount of food on the market produced because of lower fuel volume available . It did not need to happen and the Biden administration are totally responsible for it .
add gas n food costs n its way over 9%,its the shell game via DC/didtric of criminals/masons skull n bones WEF agenda 21,etc.if you have a bike path in your city its agenda 21/wefyour so called elected officials not leaders have sold you out/vote em out,if the machines will let you.
reb56: add gas n food costs n its way over 9%,its the shell game via DC/didtric of criminals/masons skull n bones WEF agenda 21,etc.if you have a bike path in your city its agenda 21/wefyour so called elected officials not leaders have sold you out/vote em out,if the machines will let you.
Guess we can take comfort that our countries inflation rates are not the 80 % the Turks have , yet .
The USA is somewhere in the middle of advanced economies with a 9.1% monthly rate of inflation, which is exactly the same as Great Britain at 9.1%. Who should we blame? Which leader is at fault?
In reality, inflation is too much money chasing too few goods. Wages have increased; government spending has increased; corporate purchases have increased; and credit has been cheap; all increasing the money supply.
As the Federal Reserve increases interest rates, and attempts to bring down the money supply, inflation will begin to drop. We have already seen a drop in the price of oil from $130 a barrel to $96 today on the spot market. This will bring down costs to gas prices and transportation. If you are following along at home, you will already have made changes to your daily routines of goods and services you buy and the amount of unnecessary auto travel you do. Consumers have the ability to affect inflation by slowing their purchases. Take some responsibility for your own choices and be sure to save some money.
epirb: There is a shortage of diesel world wide and will start to affect prices in two ways . Higher food prices because of the rise in fuel price and demand for the smaller amount of food on the market produced because of lower fuel volume available . It did not need to happen and the Biden administration are totally responsible for it .
Where'd you get your degree in economics?
Oh you don't have one? No kidding.
Try giving an explanation of how Biden is responsible for inflation.
You don't have that either, eh. What you have is a bad case of America envy and a need to fingerpoint at Biden because he kicked your hero figure Trump to the curb.
The USA is somewhere in the middle of advanced economies with a 9.1% monthly rate of inflation, which is exactly the same as Great Britain at 9.1%. Who should we blame? Which leader is at fault?
In reality, inflation is too much money chasing too few goods. Wages have increased; government spending has increased; corporate purchases have increased; and credit has been cheap; all increasing the money supply.
As the Federal Reserve increases interest rates, and attempts to bring down the money supply, inflation will begin to drop. We have already seen a drop in the price of oil from $130 a barrel to $96 today on the spot market. This will bring down costs to gas prices and transportation. If you are following along at home, you will already have made changes to your daily routines of goods and services you buy and the amount of unnecessary auto travel you do. Consumers have the ability to affect inflation by slowing their purchases. Take some responsibility for your own choices and be sure to save some money.
While wages are "up", they never caught up for over 30 years of wage stagnation vs. value of money. In effect people working today are paying today's prices with yesteryear's wages. But hey, the CEOs still get their bonuses and wages over 200 times higher than the average worker in the US, so it's all good, right?? . ** Please note: Sarcasm NOT directed toward OP--it's not his fault ***
Your posts show your economic ignorance. Not your fault - but really - it is your fault. You should know better than to blame political factors for economic conditions. If ignorance were an excuse - you would be a millionaire.
funtocome: While wages are "up", they never caught up for over 30 years of wage stagnation vs. value of money. In effect people working today are paying today's prices with yesteryear's wages. But hey, the CEOs still get their bonuses and wages over 200 times higher than the average worker in the US, so it's all good, right?? . ** Please note: Sarcasm NOT directed toward OP--it's not his fault ***
None taken . Thirty years of rises in gdp have been captured by management . Over the time frame ceo income have moved from a few times the lowest paid to hundreds of times the lowest paid .
Trouble is the bums who won't work and ride on the taxpayers are sheltered with increases while tax increases needed to pay them hit those working . Apart from California where they dish out inflation cheques , a real fantasy land .
epirb: Trouble is the bums who won't work and ride on the taxpayers are sheltered with increases while tax increases needed to pay them hit those working . Apart from California where they dish out inflation cheques , a real fantasy land .
the joe n jill clown show goes on,so we will look away from the chaos n b nwo order to come.
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