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Business & Finance Economic Fallout: Pandemic, Brandon, Money Printer Go Brr, Ukraine.

Agent23

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No, those alternate numbers just aren't correct. 9% inflation (an approximate eyeball'd average of the blue line during the period) from about 2000 to 2020 would mean prices would need to have multiplied by 5 (actually about 5.6 times, but the 9% is very approximate), and they just didn't. Just look at random stuff around your house (if you are in the US), and ask how much did they cost as a kid vs. how much do they cost 2 years ago?

Lumber went from about $300 to about $370 from Jan 2000 to Jan 2020.

Milk I can't go back all the way, but it's about flat to a slight increase, with a bunch of bouncing around.

Note also that this chart let's the Biden admin off the hook, as it makes it seem that it's always been crazy. It hasn't been though.
As a kid, my country had hyperinflation, so they cost about 2000 times what they cost before the currency got renominated and we had a currency board instituted, then we got into the EU and they forced us to put in 20% VAT on everything, as well as a bunch of other taxes on gasoline and cigarettes.

I remember when a box of cigars was 1/6 of what it costs today, for example.

Apartments between now and when I was a kid have gone in price like, over 10 times.
 

Cherico

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As a kid, my country had hyperinflation, so they cost about 2000 times what they cost before the currency got renominated and we had a currency board instituted, then we got into the EU and they forced us to put in 20% VAT on everything, as well as a bunch of other taxes on gasoline and cigarettes.

I remember when a box of cigars was 1/6 of what it costs today, for example.

Apartments between now and when I was a kid have gone in price like, over 10 times.
how did the hyperflaition go for the party that caused it?
 

Agent23

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how did the hyperflaition go for the party that caused it?
A bunch of parties caused it, not just one, and they mostly got away scott free, even if the relevant morons never took power again, over here we have a party merry-go-round, with new ones constantly poping up and old ones going poof.
At one point the BGN was 3000 to the dollar.
 
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Marduk

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You were saying?
"we can't buy the things we normally need" is not the same as having a shitload of money to spare.
Funny enough, your own source says China is part of the issue too.
On May 9th China reported that its goods exports to Russia fell by over a quarter in April, compared with a year earlier, while its imports from Russia rose by more than 56%.
So, next place for Russia to buy weapons from, North Korea?
 

sillygoose

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"we can't buy the things we normally need" is not the same as having a shitload of money to spare.
Funny enough, your own source says China is part of the issue too.

So, next place for Russia to buy weapons from, North Korea?
Why would they need to buy weapons from them when they can make them themselves? Remember they are the 2nd largest arms exporter in the world.

And it isn't simply imports being curtailed, it is the increase in value of exports of energy:
 

Agent23

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Why would they need to buy weapons from them when they can make them themselves? Remember they are the 2nd largest arms exporter in the world.

And it isn't simply imports being curtailed, it is the increase in value of exports of energy:
Because some people will repost the dumbest anti-Russia things the MSM shits out. ;)

Anyway, here are more truth bombs about the baby formula mess:

My 2 cents, this situation will not be alleviated soon because of hoarding, even if the supply chain woes alleviate.
 

Marduk

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Why would they need to buy weapons from them when they can make them themselves? Remember they are the 2nd largest arms exporter in the world.
And how many of those arms need imported components?
Unless they want to go back to making AKMs and T-55A's they need those.
Otherwise their whole huge arms business ends up like this.
And it isn't simply imports being curtailed, it is the increase in value of exports of energy:
And this has little to do with the war.
Note the date. It was already happening before the war simply because of economic activity restoring after lockdowns was driving up energy prices.
But what good is money if you can't spend it on the shit you want?
 

Agent23

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