FED WON’T RAISE RATES ABOVE ZERO UNTIL THEY SEE SOME INFLATION

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25 Comments
Machinist
Machinist
September 27, 2020 12:12 pm

Looks about like a 1976 McDonald’s menu.

Anonymous
Anonymous
  Administrator
September 27, 2020 1:59 pm

East and west coast prices higher than midsection prices back then. I worked at a McDonalds which opened in Magnolia, Ar back in the summer of 1982. Quarterpounder there was 89 cents, cheeseburger was 39 cents, fries started at 29 cents for the smallest.

motley
motley
  Administrator
September 27, 2020 11:50 pm

And …. the burgers are smaller. The Big Mac (size) is a joke.

James
James
September 27, 2020 1:07 pm

“FED WON’T RAISE RATES ABOVE ZERO UNTIL THEY SEE SOME INFLATION”,hmmmm…..,perhaps we need to send them examples of ammo price increases in last 6 months,we will be @ minimum 12% interest rate in a daY!

Fleabaggs
Fleabaggs
September 27, 2020 1:18 pm

I remember in the 50’s we made a special trip to New Brunswick N.J. to go to the new McDonalds to get a Hamburger, Fries, and a Milkshake for 45 Cents.
Compare that to the one from the mid 70’s? and then to the one Admin posted.
A cheese burger doubled the first 20, then increased 10 times in the last 40.

john
john
September 27, 2020 2:10 pm

20 yr ago prices…….

Neuday
Neuday
September 27, 2020 2:39 pm

Welp, no point in saving money, is there? If $10,000 saved this year has the purchasing power of $1,000 in 20 years I might as well spend it rather than saving for retirement, or jew-forbid, passing wealth to my children.

I suppose all is not lost. I’ll just give them advanced warning of my demise so they can collect the hill of spent brass under my corpse.

Anonymous
Anonymous
  Neuday
September 27, 2020 3:02 pm

And that is exactly how hyperinflation begins. When that loss of purchasing power dawns on people, it makes more sense to buy something. Anything.

When more people realize this, we are off to the races!

James
James
  Neuday
September 27, 2020 4:18 pm

Neuday,why not buy them some loaded brass now so they also can fight along with the bullets/primers and powder so they can wash the blood off of your brass and reload.

I say again,buy what you will use now while it is relatively inexpensive like food/fuel/tools/boots what have you.Buying things now sets you up for a personal bump in the road in life as well as a world SHTF moment.

Vixen Vic
Vixen Vic
  Neuday
September 27, 2020 9:25 pm

Save in gold and silver instead to keep your wealth.

micky
micky
September 27, 2020 5:02 pm

Feds can never raise rates with 30 trillion in current debt.

Cricket
Cricket
September 27, 2020 6:34 pm

I miss the fixed menu boards at McD’s. The ones around here all use LCD screens that change several times a minute so you can’t actually read the menu board…not that it matters…you can’t get a Big Mac and Coke in any sort of a timely manner anymore. With their ‘new and improved’ ordering system you can order a black coffee and wait 20 minutes to get it because management doesn’t teach the kids how to properly expedite orders so more often than not I go to Wendy’s instead. They seem to know how to move customers a whole lot better than McD’s does these days.

Vixen Vic
Vixen Vic
  Cricket
September 27, 2020 9:27 pm

In high school, I worked at a McDonald’s. Haven’t eaten there since.

Vixen Vic
Vixen Vic
September 27, 2020 9:16 pm

After my parents divorced in the ’70s and my mother had to go back to work, every weekday during the summer, she would leave us a dollar each to get lunch ($3). We would walk to Hardies (the nearest place to get food) and buy a regular hamburger or cheeseburger, fries and a drink and still have some change. My how things have changed.

Edit: Back then I was already smoking. I used to save my change to buy a pack of cigarettes for 50 cents. A carton of cigarettes back then would cost less than $10. Today, in my area, a carton of cigarettes will cost between $55 to $60 (due to taxes and inflation). And that’s cheap compared to other high-tax areas.

Fatman from Oz
Fatman from Oz
  Vixen Vic
September 27, 2020 10:28 pm

Try Australia. $245 for a carton of 8×20’s.

Vixen Vic
Vixen Vic
  Fatman from Oz
September 27, 2020 10:30 pm

Wow! Is that due to inflation, taxes, import duties, all of the above?

Vixen Vic
Vixen Vic
September 27, 2020 9:22 pm

The inflation really started to take off during the 2008 financial crisis. Back then, I bought a bag of name-brand dry dog food, large, for about $5.80. Within months, it was $7.99. The price started increasing every month. Last time I bought it, that bag was close to $20.
(That was before I was aware that dry food is bad for dogs and stopped buying it.)

Gloriously Deplorable Paul
Gloriously Deplorable Paul
  Vixen Vic
September 27, 2020 10:00 pm

And for the few items that haven’t seen large price hikes they reduce the amount of product in the package instead. Marketing is always slimy and the consumer only exists to be fleeced.

MrLiberty
MrLiberty
September 27, 2020 9:50 pm

And that is only price inflation. The REAL inflation, like all inflation, is monetary inflation, and the Fed has added $6 Trillion in the past 6 months.

Vixen Vic
Vixen Vic
  MrLiberty
September 27, 2020 9:55 pm

And we’ll soon start seeing the results of that and it won’t be pretty.

onionskin
onionskin
September 27, 2020 9:59 pm

Sheesh, I remember when it took 30 bitcoins to buy a new F-150, now it only takes 3.

https://coinmarketcap.com/currencies/bitcoin/

overthecliff
overthecliff
September 27, 2020 10:18 pm

The FED is not looking very hard to see inflation.

hardscrabble farmer
hardscrabble farmer
September 28, 2020 6:49 am

$100 in 1913 is equivalent in purchasing power to about $2,625.43 in 2020, a difference of $2,525.43 over 107 years.

From the founding of the nation until the creation of the Federal Reserve

$100 in 1789 is equivalent in purchasing power to about $112.50 in 1913, a difference of $12.50 over 124 years.

Huh.

Pizzedoff
Pizzedoff
  hardscrabble farmer
September 28, 2020 11:04 am

Pay no attention to That man behind the curtain!..Also I don’t know why this popped in my head as I was reading but it sorta applies, It always stuck with me after 9-11 when Dubya quipped “You are either with us or you are with the terrorists” as he bobbed up and down with that EVIL smirk on his face