Grocery prices are soaring. Gasoline prices are soaring. Utility bills are soaring. This is getting serious, and there's no end in sight.

Remember the oil reserve that Biden tapped into? What happened to that?

I typically buy gasoline at an Indian casino that is typically at least a dollar cheaper than in town. I filled up this morning at the casino, it was over $5 for the first time.

We are in big trouble, folks. Big trouble.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On Monday, September 18, 2023 at 5:51:00 PM UTC-7, Paul Popinjay wrote:

Grocery prices are soaring. Gasoline prices are soaring. Utility bills are soaring. This is getting serious, and there's no end in sight.

Remember the oil reserve that Biden tapped into? What happened to that?

I typically buy gasoline at an Indian casino that is typically at least a dollar cheaper than in town. I filled up this morning at the casino, it was over $5 for the first time.

We are in big trouble, folks. Big trouble.

It's way worse than that, Paul. Besides the national debt, there are state debts, county debts, municipal debt which run countless billions each. But, worse of all is the off-balance liabilities which don't even show up in the national debt. For
example, when they need money for some something, like a hurricane emergency, etc, it just magically appears, gets thrown onto some off balance liability balance sheet and nobody cares. A decade ago, the off-balance debt was over $70Trillion. Imagine
what it is now. Lucky for us, we've been the global reserve currency, plus, we've made all other countries print their fiat currency into oblivion so their currencies don't get too strong. We even made the Swiss get off the gold standard a decade or
so ago for similar reasons.
The SPR Oil reserve is worse off than you think. Not only because it's getting so low, the salt domes are being put at risk, but also, the military used to have their own reserves and they got rid of them over the years.....so the SPR is all we got...
and we're about to run out of it's potential to blunt oil prices. I don't know why the Indians even give you $1 break.....a 50c break on price and you'd still go there.
Utility bills have only started to get bad. Imagine when there are more EVs on the road. CA is about to make fast food restaurants pay $20/hr for workers.....imagine what that'll do to the price of your value meals. I think it's going to hurt
their business. It's not just the increased wages that hits the restaurants, but higher wages also means higher employer taxes, higher workman's comp, etc
And, all this with the economy booming according to Biden and the Fed. Imagine what it's going to look like when the hard landing hits. And, ya, I know Yellen isn't predicting a hard landing, but she's said that nonsense before and we got clobbered....
it's going to happen again once all the companies have to roll their corp bond debt to higher rates and they go bankrupt en masse.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On Monday, September 18, 2023 at 9:09:06 PM UTC-7, jack roth wrote:

It's way worse than that, Paul. Besides the national debt, there are state debts, county debts, municipal debt which run countless billions each. But, worse of all is the off-balance liabilities which don't even show up in the national debt. For

example, when they need money for some something, like a hurricane emergency, etc, it just magically appears, gets thrown onto some off balance liability balance sheet and nobody cares. A decade ago, the off-balance debt was over $70Trillion. Imagine
what it is now. Lucky for us, we've been the global reserve currency, plus, we've made all other countries print their fiat currency into oblivion so their currencies don't get too strong. We even made the Swiss get off the gold standard a decade or so
ago for similar reasons.

The SPR Oil reserve is worse off than you think. Not only because it's getting so low, the salt domes are being put at risk, but also, the military used to have their own reserves and they got rid of them over the years.....so the SPR is all we got...

and we're about to run out of it's potential to blunt oil prices. I don't know why the Indians even give you $1 break.....a 50c break on price and you'd still go there.

Utility bills have only started to get bad. Imagine when there are more EVs on the road. CA is about to make fast food restaurants pay $20/hr for workers.....imagine what that'll do to the price of your value meals. I think it's going to hurt their

business. It's not just the increased wages that hits the restaurants, but higher wages also means higher employer taxes, higher workman's comp, etc

And, all this with the economy booming according to Biden and the Fed. Imagine what it's going to look like when the hard landing hits. And, ya, I know Yellen isn't predicting a hard landing, but she's said that nonsense before and we got clobbered....

it's going to happen again once all the companies have to roll their corp bond debt to higher rates and they go bankrupt en masse.


Yellen and BillB say this is all transitory.

And the reality is that most people still don't get it. That's why the Dow Jones was up yesterday. The Market should be crashing already.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On Tuesday, September 19, 2023 at 2:47:52 AM UTC-7, Paul Popinjay wrote:

On Monday, September 18, 2023 at 9:09:06 PM UTC-7, jack roth wrote:

It's way worse than that, Paul. Besides the national debt, there are state debts, county debts, municipal debt which run countless billions each. But, worse of all is the off-balance liabilities which don't even show up in the national debt. For

example, when they need money for some something, like a hurricane emergency, etc, it just magically appears, gets thrown onto some off balance liability balance sheet and nobody cares. A decade ago, the off-balance debt was over $70Trillion. Imagine
what it is now. Lucky for us, we've been the global reserve currency, plus, we've made all other countries print their fiat currency into oblivion so their currencies don't get too strong. We even made the Swiss get off the gold standard a decade or so
ago for similar reasons.

The SPR Oil reserve is worse off than you think. Not only because it's getting so low, the salt domes are being put at risk, but also, the military used to have their own reserves and they got rid of them over the years.....so the SPR is all we got...

and we're about to run out of it's potential to blunt oil prices. I don't know why the Indians even give you $1 break.....a 50c break on price and you'd still go there.

Utility bills have only started to get bad. Imagine when there are more EVs on the road. CA is about to make fast food restaurants pay $20/hr for workers.....imagine what that'll do to the price of your value meals. I think it's going to hurt their

business. It's not just the increased wages that hits the restaurants, but higher wages also means higher employer taxes, higher workman's comp, etc

And, all this with the economy booming according to Biden and the Fed. Imagine what it's going to look like when the hard landing hits. And, ya, I know Yellen isn't predicting a hard landing, but she's said that nonsense before and we got clobbered...

.it's going to happen again once all the companies have to roll their corp bond debt to higher rates and they go bankrupt en masse.

Yellen and BillB say this is all transitory.

And the reality is that most people still don't get it. That's why the Dow Jones was up yesterday. The Market should be crashing already.

Well, remember Weimar Germany. When that country was going to hell and currency was inflating to the point of being worthless, the german stock market soared. However, it still couldn't match the loss of value from the debasing Mark. Similarly, as
our currency becomes worthless, we might see our stock market soar as a result, despite the spending power being worth much less. And, naturally,, the entire time because of the way they intentionally miscalculate inflation, they'll report it was Real
growth and celebrate themselves. At some point, you'll make more money than ever while affording less than ever and eventually, it'll sink into people's heads that they've been lying about inflation all along.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On Tuesday, September 19, 2023 at 4:40:46 AM UTC-7, jack roth wrote:

Well, remember Weimar Germany. When that country was going to hell and currency was inflating to the point of being worthless, the german stock market soared. However, it still couldn't match the loss of value from the debasing Mark. Similarly, as our

currency becomes worthless, we might see our stock market soar as a result, despite the spending power being worth much less. And, naturally,, the entire time because of the way they intentionally miscalculate inflation, they'll report it was Real growth
and celebrate themselves. At some point, you'll make more money than ever while affording less than ever and eventually, it'll sink into people's heads that they've been lying about inflation all along.


Sounds like Venezuela. They had a booming stock market. Everyone was Bulova-rich, but couldn't buy a gallon of milk.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On Tuesday, September 19, 2023 at 9:24:21 AM UTC-7, rec.gambling.poker wrote:

On Tuesday, September 19, 2023 at 4:40:46 AM UTC-7, jack roth wrote:

Well, remember Weimar Germany. When that country was going to hell and currency was inflating to the point of being worthless, the german stock market soared. However, it still couldn't match the loss of value from the debasing Mark. Similarly, as

our currency becomes worthless, we might see our stock market soar as a result, despite the spending power being worth much less. And, naturally,, the entire time because of the way they intentionally miscalculate inflation, they'll report it was Real
growth and celebrate themselves. At some point, you'll make more money than ever while affording less than ever and eventually, it'll sink into people's heads that they've been lying about inflation all along.

Sounds like Venezuela. They had a booming stock market. Everyone was Bulova-rich, but couldn't buy a gallon of milk.

Yes, just like Venezuela.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

Unfunded liabilities.
fuhgetaboutit

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On Tuesday, September 19, 2023 at 4:24:33 PM UTC-7, Paul Popinjay wrote:

Unfunded liabilities.
fuhgetaboutit

My guess is they'll keep paying out Social Security, SSI, and pensions, etc , but that money will buy less and less. I'm not sure if anyone has done the studies, but it's maybe possible that Generation X is so small that it's less of a strain on the
budget once they start collecting and most of the boomers are gone. But, such convenient book keeping by our govt to be able to gin up whatever hedonics value they need at any given time and at any given amount of finely craft whatever inflation number
they desire. Imagine if tax payers tried to gin up their own tax payer hedonics to write down taxes owed.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On Tuesday, September 19, 2023 at 9:24:21 AM UTC-7, rec.gambling.poker wrote:

On Tuesday, September 19, 2023 at 4:40:46 AM UTC-7, jack roth wrote:

Well, remember Weimar Germany. When that country was going to hell and currency was inflating to the point of being worthless, the german stock market soared. However, it still couldn't match the loss of value from the debasing Mark. Similarly, as

our currency becomes worthless, we might see our stock market soar as a result, despite the spending power being worth much less. And, naturally,, the entire time because of the way they intentionally miscalculate inflation, they'll report it was Real
growth and celebrate themselves. At some point, you'll make more money than ever while affording less than ever and eventually, it'll sink into people's heads that they've been lying about inflation all along.

Sounds like Venezuela. They had a booming stock market. Everyone was Bulova-rich, but couldn't buy a gallon of milk.

Venezuelan stock market boomed when their money devalued, too, but you couldn't buy much with what you made in the market at that point.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)