Has anyone got any good stories about noticeable inflation taking place right now?
Where I am in Europe what used to be a 7 euro pizza in March is now a 12 dollar pizza in October. Pizza has literally done a x2. Other things I have noticed other than prices going up is takeaway food portions are going down noticeably.
Also everybody seems to be out of work and nobody seems to have any money but yet prices are going up at an insane rate.
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>tfw reserve currency chad
>tfw US is printing nonstop and still no inflation
europoors seething
>pic related
when the yearly income is lower than the yearly interest owed on debts the only option is to hyperinflate the debt away.
Argentina here
365 days ago 1 dollar was 45 pesos
today 1 dollar is 170 pesos
JUST FUCK MY SHIT UP
I hope you bought crypto and precious metals
Honest question: why do Argentinians think they are superior to other latin american countries when you're obviously doing worst of all with the exception of Venezuela kek...
I found through my Latin American travels that they don't like you in most other places
PMs are under capital control , loaded on crypto tough.
Because the country used to be superior economically and on development indexes , USED, the last decade is a lost decade , the entire world grew and we were stuck with a retarded socialist labor system that destroyed all economic growth posibilities, plus they gave free pensions to billions of boomers that never supported the pension system.
Now the youth is leaving at high speed, 1 fucking bar opened 3 fucking jobs a week ago and there was a 400 meters line of people offering their curriculums.
We are fucked up thanks to socialism , we are 15 years ahead of the european union and canada in the socialist collapse timeline.
thats cause they're experimenting on us first
another victim of the left, good luck user, god bless.
>they gave free pensions to billions of boomers that never supported the pension system
glad to see boomers are fucking up the entire world and not just america
Based and redpilled
Look at your tax hikes that are coming kek
>tax hikes
>lol
>bro, literally, nobody has a job
>fuck are they taxing lmao?
okay so here's what I think will happen
> massive recession due to China flu starting 2022-2023 after a crypto (golden) bull
> crypto anons make it especially LINK marines
> smart contracts and digital dollars adopted and in service in many countries 2024
> adminstration and accounting especially effected ~90 reduction in labor
> automation continues and many wage slaves are left unemployed
> UBI is rolled out: tokens are distributed to those that cannot work or are unable to find work in the new hyperGlobohomo PC woke world
> UBI tokens cannot be saved: unused tokens are burned at the end of each payment cycle and wallets are topped up to maintain a minimal standard of living.
> class divide becomes a matter of tokenomics literally
Thanks for this Vitalik, seriously
You left out stockchads.
SEC thinks everything will be tokenized my dude.
I do think they'll be an awesome black market for trading ubi tokens if they cannot be saved
All your inflation is in real estate and the stock market you dumb shit.
I went to the store and bought 12 pack of seltzer, paper towels and eggs. Shit was $45. Laudy laudy.
>price of food gone up
Remember when Tyson and others were culling pigs / chickens and dairy farmers were dumping milk down the drains because they thought demand was going down and they'd rather throw their supply in the trash than charge lower prices?
Price gauging and cost push inflation; food is still in demand so the prices went up and economic output went DOWN.
Stagflation here we come.
>stocks went up
Remember when the Fed bought $80billion worth of treasuries again last week, keeping the price high and the yield low so as to force portfolio bots to move their allocations into equities in order to meet their meme % return levels, but the DCF of the underlying of those equities did not change but actually decreased?
2 points for stagflation
>house price inflation
Remember 2008 when they gave too many bad loans? Remember that thread about JPM and others aiming to write $30bln in loans to African Americans I order to fight systemic racism in finance ? Better get that mortgage now while the rates are so low, goy. Demand is through the roof. Housing prices are literally the highest they've been in US history. I don't know how stagflation fits in here. You'd think demand for housing don't be like it is with high unemployment but it do.
this is Zig Forums bro, inflation in real estate, stocks, PMs, etc, is GOOD for us lmao. we keep our worth in that shit. because this is Zig Forums.
>energy prices
Ok they didn't go up yet. But we are at the mercy of sand and snow niggers decisions about supply levels. More cost push inflation.
What else am I missing
it isnt that they'd rather do that than charge lower prices, it's that they're already on thin margins, so it's actually negative-net-income for them to lower the price when you factor in shipping, storage, and other costs. disposing of it was the most efficient solution for their bottom line.
>when you factor in shipping, storage, and other costs.
(((middle men))) strike again
It's sad because geographically speaking Argentina has a great ability to be a strong industrial state.
It's just the socialists keep your country from developing properly
This I mean yeah the price of everything fluctuates, as long as there's no real communist revolution I'm fine and I mean actual communist revolution not higher taxes or regulatory changes.
A ustedes los argentinos la crisis los hace mierda cada diez años, no?
Yeah, a LOT of foodstuff in my stores have gone up in the past months, stuff that used to be £1 are now 1.25 on "sale". I've been stockpiling long-term goods as I might as well buy them now before they get any more expensive. Funnily enough, my income is not increasing with this inflation and there is a very good chance I will be unemployed before Christmas.