Author Topic: Inflation and Stagflatiion is our biggest worry today  (Read 172 times)

0 Members and 1 Guest are viewing this topic.

Offline Winchester94

  • Porsche 911
  • Trade Count: (0)
  • Member
  • *
  • Posts: 24
  • Gender: Male
  • John M. Browning Fan
Inflation and Stagflatiion is our biggest worry today
« on: March 23, 2022, 01:53:05 PM »
Yes, The Federal Reserve Bank is still flooding money into our economy. They raised their rate to 0.25%-0.75% last week.

We are clearly in a 8% inflation rate which is going to 10%.
Winchester 94, S&W revolvers, Colt 1911, Marlin

Offline ironglow

  • GBO Supporter
  • Trade Count: (9)
  • Senior Member
  • *****
  • Posts: 32319
  • Gender: Male
Re: Inflation and Stagflatiion is our biggest worry today
« Reply #1 on: March 24, 2022, 01:18:31 AM »
When Jimmy Carter played the same stupid game..both inflation and interest percentages went to 20%.
 
   Say when Jimmy came into office, you had $10,000 in savings in the bank. Time he got done you $10K,  was only worth $8K a tthe end of the first year..
  That was annual inflation..so over 4 years, you lost plenty.  I know that..because he did that to me...
If you don't want the truth, don't ask me.  If you want something sugar coated...go eat a donut !  (anon)

Online Dee

  • Trade Count: (2)
  • Senior Member
  • *****
  • Posts: 24033
  • Gender: Male
Re: Inflation and Stagflatiion is our biggest worry today
« Reply #2 on: March 24, 2022, 01:22:47 AM »
The events playing out in the United States under the Biden Regime makes Jimmy Carters' debacle look like a church social.
You may all go to hell, I will go to Texas. Davy Crockett
Agree Agree x 1 View List

Offline ironglow

  • GBO Supporter
  • Trade Count: (9)
  • Senior Member
  • *****
  • Posts: 32319
  • Gender: Male
Re: Inflation and Stagflatiion is our biggest worry today
« Reply #3 on: March 24, 2022, 01:24:47 AM »
Yes, Biden could destroy the country, while Carter just crippled it for a few years.
If you don't want the truth, don't ask me.  If you want something sugar coated...go eat a donut !  (anon)

Offline gene_225

  • Trade Count: (0)
  • Senior Member
  • *****
  • Posts: 1021
  • Gender: Male
Re: Inflation and Stagflatiion is our biggest worry today
« Reply #4 on: March 24, 2022, 02:03:53 AM »
You need hard assets. Buy more firearms and ammo.
Like Like x 1 View List