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Explain inflation to me


eggsarascal
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55 minutes ago, Retired Climber said:

You don't need to put up and shut up. It has literally, never in the history of humanity, been so easy to make money. Money is just a token we all use to play a game. Obviously some people are better at the game than others, but anyone can do well. 

There's a lot of truth in this. Not an easy pill for many to take though. 

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39 minutes ago, trigger_andy said:

I guess thats a fair comment. Interestingly our 9-10% inflation is the same as the USA. Clearly not Brexit driven. :D 

Hmm, they've sloshed around even more money than our government, if it's just the money printing then they should be clearly ahead on inflation. Brexit is different, so is their energy situation. Value of the dollar has stayed higher, they probably don't import much grain from the Ukraine. Etc etc

 

All this stuff that keeps the economists in work.

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9 hours ago, trigger_andy said:

There's a lot of truth in this. Not an easy pill for many to take though. 

That's because it's easier to winge and moan like a little girl about inflation, Brexit, Covid, the government etc, than realise that you need to look after yourself. 

The rising cost of living is a difficult situation for some, but many seem to think that fantasising about the lower classes somehow rising up, and taking power from the elite is a good use of their time. 

Whilst the natural born victims are moaning, people are making money out of the situation. You can decide yourself if you want to be a victim or an opportunist. 

Most aspects of the cost of living 'crisis' aren't a problem anyway. Problems only occur when something happens that puts you at a disadvantage. The cost of fuel has gone up for everyone; so nobody is disadvantaged. On the rare occasion they are, it's due to the fact that they have formerly been leveraging a fuel dependent advantage. 

Money is there for the taking, for anyone willing to go and get it. 

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Quote

Whilst the natural born victims are moaning, people are making money out of the situation.

 

Even a book about it:

 

 

Quote

Money is there for the taking, for anyone willing to go and get it. 

 

 

Isn't it a zero sum game though?

 

Sure possible for some to make money but at the expense of the majority?

 

Fuel is a flat tax which always harms the  poor more.

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4 minutes ago, Stere said:

 

Even a book about it:

 

 

 

 

Isn't it a zero sum game though?

 

Sure possible for some to make money but at the expense of the majority?

 

Fuel is a flat tax which always harms the  poor more.

I wouldn't call it a traditional zero sum game, but agree that it can be seen in that way. If so, it's an excellent reason to look after you and yours, and stop worrying too much about the wider problems. 

 

I don't agree that we need to sacrifice the majority to look after ourselves. Often money is made by those who offer the best value to the majority. 

 

Fuel costs will be a problem for the poor, I agree. However, my comment was really aimed at members here. If your truck and saws are costing more in fuel, so are those of every other arb. 

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Bitcoin or using gold coins isn't exactly a practical solution either, nor is resorting to using the US dollar like Zimbabwe.

 

Currency was created so we didn't have to lug around bags of gold or silver, hence the I promise to pay the bearer on demand phrase on our notes.

 

That was one of the advantages of each country using a different currency in the past. A country's debt altered the rate, you can't do that with something like the euro to any degree which hasn't helped inflation.

 

To a certain degree the real problems probably started when foreign companies started buying UK debts to make a profit, historically all debts were kept in house and so any profit also did.

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  • 2 weeks later...

money supply/printing for sure. But the covid panic/overreaction closing down the economy has ****************ed things up worse.

 

Everything gets going again and demand far exceeds supply so those selling jack the prices through the roof. Just look at timber, plant, cars etc etc A lot of blatent profiteering going on in the construction materials market without and real justification.

 

Then there's that socialist cnut Putin, gas is the straw that broke the camels back.

 

Jacking interest rates to pull cash out the system will have people on the streets. I remember the days of 15% rates. People these days are upto their eyeballs already, mortage, car on lease, turkey teeth, etc etc no way they have another 50% spare disposable income.

 

Worst case is a big correction in houseprices, that will sink the economy.

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23 minutes ago, donnk said:

money supply/printing for sure. But the covid panic/overreaction closing down the economy has ****************ed things up worse.

 

Everything gets going again and demand far exceeds supply so those selling jack the prices through the roof. Just look at timber, plant, cars etc etc A lot of blatent profiteering going on in the construction materials market without and real justification.

 

Then there's that socialist cnut Putin, gas is the straw that broke the camels back.

 

Jacking interest rates to pull cash out the system will have people on the streets. I remember the days of 15% rates. People these days are upto their eyeballs already, mortage, car on lease, turkey teeth, etc etc no way they have another 50% spare disposable income.

 

Worst case is a big correction in houseprices, that will sink the economy.

Donnk , that sounds grim mate .

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