Price of Powder & Primers in Perspective

[Eric Leonard]

Where have you been?? They pay the welfare state to not work, most make more than my wife who works for a state contractor that helps them get money! By the time you count food stamps, free medical, tax refunds (yes you read that right), transportation money, repairs to their auto and much more (this didn't start during covid either). Democrats buying votes and rinos don't seem to care.

Yeah but they paid people who actually were working and it screwed up a bunch of crap. Labor costs soared. Supply and demand went way out of whack and prices went crazy

 

[FNSafari]

That $500 number has been tossed around for years so it isn't something new. I used to be one of them when I was younger, I'm old now, but secure.

I'd venture to say many have been there when starting out in life. Most start out with nothing and shortly buy a car, a house with furnishings and maybe kids. You're instantly in debt and making minimum payments. There's usually not much left over. With a little luck and some planning it gets better.

It seems everyone expects a big house, a boat, a new car and several vacations a year from the start.

Excuse me if I'm a little cynical, but too many expect to have what their parent have accumulated from the start, if not more.

Without the diligent and long term savings sacrifices their parents engaged in.

 

[Shooter13]

Nope, it's real. They printed money out of blue sky. The direct results are higher interst, higher debt and inflation.

We were screwed when we went OFF the Gold standard!

 

[chkunz]

I was taught that inflation is not rising cost but a devalued dollar. I’m not so sure anymore

Look inflation up in the dictionary. It is defined as the government inflating the money supply, not rising prices. Rising prices is a result of the inflating of the money supply.

 

[JFrank]

Look inflation up in the dictionary. It is defined as the government inflating the money supply, not rising prices. Rising prices is a result of the inflating of the money supply.

Yeah well the gov uses my money, they can’t inflate their own ass. the free market~ supply and demand, greed raises prices and my dollar doesn’t buy as much.

 

[dryhumor]

Every once in a while, we used to joke around at work about the pay, and how we might want to start sampling the dog food to see which one tasted best… planning for retirement.

Or figure out which restaurant has the best leftovers. You know, the ones stored out back in the big metal container.

Let’s hope it doesn’t get to that.

On an upbeat note. I’m watching it rain for the first time in 3-4 weeks. Heck yeah

 

[seymour fish]

Nope, it's real. They printed money out of blue sky. The direct results are higher interst, higher debt and inflation.

Look at the value of a dollar in terms of purchasing power since 1913. The money printed out of thin air enters the world as Debt (interest due). Interest rates float up in attempt to cool off the inflation from the print, killing off the weak hands. When the Vig we pay (income taxes) fails to cover the interest on the national debt, a reset is required. There are a few that have been used historically. None are desirable.

 

[KMart]

Gas was a buck a gallon from 1980 to 2001.

It was 25 cents in 1965 and jumped up to about 45 cents around 1973....as best I can remember. Plus long waiting lines at stations that had gas to sell in 73

 

[Dgd6mm]

I remember wheeling into the Standard Station getting gas for my mini bike for $0.29.9 cent a gallon.

 

[Jayplace]

Look at the value of a dollar in terms of purchasing power since 1913. The money printed out of thin air enters the world as Debt (interest due). Interest rates float up in attempt to cool off the inflation from the print, killing off the weak hands. When the Vig we pay (income taxes) fails to cover the interest on the national debt, a reset is required. There are a few that have been used historically. None are desirable.

I wish it was that simple. Around 1913 auto workers were paid about $2.50 a day, so compare that to todays dollar. What can you purchase now for a days pay?
I remember my grandfather talking about working for a Dollar a day. Of course that was many years later and I didn't comprehend what I was being told.

Typical cash has no value, it's just a convenient way of exchanging what you have for something you want. Even gold has no real value. You can't eat it or drink it, so it has a value of whatever someone else will exchange for it. Usually cash.

Inflation exists and it always will. It's part of the carrot that hangs out in front of you.
That $75,000 house from the 70's is now worth $200,000. If your investment was Ok, you can now take that inflated $200,000 and buy another inflated $200,000 house just like it. If that $75,000 cash had been "saved in a drawer somewhere, you could now buy a $75,000 house.

 

[Downhill]

Look into a couple weeks ago when the dems let our petro dollar agreement expire with Saudi Arabia. Oil being traded in the US dollar was the last thing propping our currency up. Gonna get ugly.

 

[Webster]

They live in an emergency every day, kinda tough to have savings. Have children and no insurance, savings won't last long. I can remember the Palm Beach County Sheriffs helicopter taking my daughter to Miami to Jackson Memorial after her DR treated her for a cold and she had pneumonia. I wasn't working enough hours when Carter was president and he ruined the economy just like now to have insurance. I worked side jobs when i could find them for several years to pay off the bill. It was over $30,000 for the 4days she was there. If you really want to hear about me learning a lesson ask about her DR at Jackson Mem.

I had heart bypass surgery in 2020. About $1800 for the surgeon. $240,00 total bill from the Hospital. If you subtract maybe $3000 for medicine and lab test that's an expensive hotel room.

 

[gunsandgunsmithing]

Look into a couple weeks ago when the dems let our petro dollar agreement expire with Saudi Arabia. Oil being traded in the US dollar was the last thing propping our currency up. Gonna get ugly.

Been watching that coming for a few years, at least. HUGE mistake. I will say that I think real estate is the only thing left hedging for the dollar though, not just crude being traded in dollars. But yes, huge mistake right there, IMO. Russia and Iran were the two biggest proponents, not to mention our "friends" in Saudi Arabia and elsewhere in the middle east. Nuff said, really. Not good at all. It's very much as if they are setting us up for collapse. Just my 2 cents though.

 

[CJ6]

Carload night at the local drive-in theater was $2.00 on Saturday nights and we had a 9 passenger wagon (chevy) packed full. You can't even buy a treat now at a theater for less than $6.00.

 

[brokeasajoke]

Scary times for a child to have to grow up in. Did we grow up rich? Not at all but there was much less uncertainty back then. No one worried about an economic collapse or a correction which I feel will happen soon. Here I am 45 with another child on the way (wow). Back then the future seem much more solidified.

 

[urbanrifleman]

I wish it was that simple. Around 1913 auto workers were paid about $2.50 a day, so compare that to todays dollar. What can you purchase now for a days pay?
I remember my grandfather talking about working for a Dollar a day. Of course that was many years later and I didn't comprehend what I was being told.

Typical cash has no value, it's just a convenient way of exchanging what you have for something you want. Even gold has no real value. You can't eat it or drink it, so it has a value of whatever someone else will exchange for it. Usually cash.

Inflation exists and it always will. It's part of the carrot that hangs out in front of you.
That $75,000 house from the 70's is now worth $200,000. If your investment was Ok, you can now take that inflated $200,000 and buy another inflated $200,000 house just like it. If that $75,000 cash had beeneere "saved in a drawer somewhere, you could now buy a $75,000 house.

There was essentially no long term inflation at all in this country from the the late 1700s to the early 1900s.

Inflation is theft.

 

[JFrank]

Prices seemed cheaper but when put into perspective .. not so much, the good ol days weren’t really that good.

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Gas Prices Through History [Updated] We might deny it. We might diminish its importance. We might not like it. But the fact is that gas prices are intrinsically linked with the overall economy in the U.S. and have been for decades. Oil gluts and crises consistently correlate with economic...

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[JFrank]

There was essentially no long term inflation at all in this country from the the late 1700s to the early 1900s.

Inflation is theft.

There was also no federally insured banks, unemployment or social security, just wealth or poverty.

 

[ronsatspokane]

Inflation is bad but deflation is worse.

Not necessarily. Should Trump end the war on energy and once again roll back regulations including DEI mandates, one of the primary cost drivers for for this inflation will be significantly reduced. Yes, excess spending will probably continue but energy touches everything. The price of everything should come down when the cost of energy comes down. That is what is needed. Several economists are already talking about it and warning people not to shite themselves should it play out that way.

 

[Tangent]

As they say we get the politicians we deserve. The West has become soft and weak. People have spent more energy on spending and enjoying themselves and less on earning money. The politicians are not interested in improving things, only propping up their position. They've encouraged borrowing and inflated prices, people think they're richer when their home doubles in value. Many politicians believe they can just inflate away their spending promises. National borrowing is outstripping income, it either has to be paid off or written off, either way it's going to be painful for some.

The big reason we're feeling the pain of trying to inflate away national debts is wage stagnation. If prices rise and your income doesn't things get expensive quickly. More to come before it gets better I think. Be careful who you vote for