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Inflation, 'The White Shadow,' and Nike Sneakers

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Posted By: AmericaFirstAlways, 12/2/2021 9:39:02 AM

Inflation numbers for October 2020 to October 2021 came in at a staggering 6.2%. Much of that increase, of course, has occurred under this current administration. That number is up dramatically from the 2% inflation rate that was recorded from October 2019 to October 2020 during the Trump Administration. For many years, including during the Obama and Bush II years, inflation hovered around 2-3%. That was always the target the Federal Reserve set as their goal to keep the economy humming without it overheating and causing inflation. If you really want to see how dramatically inflation decreases your buying power, go on the internet and find an inflation calculator.

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Going down memory lane with "The White Shadow," but the good old days weren't always good. Inflation is awful, and one thing I'd like to forget.

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Reply 1 - Posted by: DVC 12/2/2021 11:47:51 AM (No. 995018)
In 1973 when I got my bachelor's degree, a friend bought a brand new VW Beetle for $2000. The fancy Custom Coupe Chevy Impala V8 was about $3,500. A well appointed Camaro was about $3,900. At that point a brand new most expensive model Porsche cost about $7,000. Today each costs at least TEN to FIFTEEN TIMES that much. Camaros are about $40,000. A nicely optioned Chevy Malibu (with a piddly 4 cyl turbo, no V8 or V6 even possible) is $35,000. Gasoline had recently taken a huge jump up to about 60 cents a gallon. Now running between $3.75 and $5.19 in Dem run states. Here in middle America, we're at just under $3. Food up about 10 times in that period, too. Average home price in 1973 was $32,500. Buy today for a dollar what you bought for a dime 50 years ago. Literally. Buy for a dime what you bought for a penny. And Traitor Joe and his evil puppetmasters will make it ten times again in another few years if we let them.
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Reply 2 - Posted by: Bur Oak 12/2/2021 5:10:33 PM (No. 995304)
Inflation is a feature of the elites' policies not a defect. Years ago I was in Germany in a tavern that featured huge denomination Mark bills imbedded in the top of the bar. Soon to come here.
1 person likes this.

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Inflation, 'The White Shadow,' and Nike Sneakers 2 replies
Posted by AmericaFirstAlways 12/2/2021 9:39:02 AM Post Reply
Inflation numbers for October 2020 to October 2021 came in at a staggering 6.2%. Much of that increase, of course, has occurred under this current administration. That number is up dramatically from the 2% inflation rate that was recorded from October 2019 to October 2020 during the Trump Administration. For many years, including during the Obama and Bush II years, inflation hovered around 2-3%. That was always the target the Federal Reserve set as their goal to keep the economy humming without it overheating and causing inflation. If you really want to see how dramatically inflation decreases your buying power, go on the internet and find an inflation calculator.
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