Glock Talk
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10-04-2012, 15:11
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#1
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Senior Member
Join Date: Feb 2000
Posts: 15,272
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Is inflation here?
My dad sure thinks so. He just put on a set of tires on his dually and it cost him $1700.
He said the same tires 2 years ago ran him $1100.
He said he's noticed that prices on everything have been going up the past few months and he thinks it is due to inflation from the Fed printing money like crazy.
I don't know enough to agree or disagree with him.
I do know that a few folks on talk radio have been warning of hyper inflation for a while... 
What do you guys think?
__________________
Philippians 2:3
Do nothing from selfishness or empty conceit, but with humility of mind let each of you regard one another as more important than himself;
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10-04-2012, 15:19
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#2
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Enslaved in IL
Join Date: Aug 2009
Location: The Peoples Republic Of Illinois
Posts: 4,042
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Tires and batteries have been climbing steady for some time now.
__________________
"This is not a TV studio, Josh! Turn these lights out! Its a <expletive>Rock Concert!"
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10-04-2012, 15:20
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#3
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transmogrifier
Join Date: Oct 2001
Location: USA
Posts: 13,215
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__________________
June 28, 2012: the day the American republic died.
Uncontrolled, unaccountable government spending + Graduated income-tax = SLAVERY
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10-04-2012, 15:30
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#4
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Senior Member
Join Date: May 1999
Location: Oh, USA
Posts: 9,194
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Can't prove it and not interested in arguing with anyone, but I am starting to cut back on some stuff because of cost. Went to the local slop shop the other night for some carry out and the cost was up about $6 for the three of us, all getting the usual junk food. Same with some other things. Some stuff is holding steady.
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Decent law abiding people must fear criminals and the law while criminals have nothing to fear.
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10-04-2012, 15:33
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#5
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Senior Member
Join Date: Apr 2006
Location: USA
Posts: 5,239
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Yes. It's here. Go grocery shopping. Everything is going up.
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10-04-2012, 15:40
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#6
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Senior Member
Join Date: Apr 2005
Location: Near Chicago, IL
Posts: 13,976
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Yes, we've been experiencing inflation at a fairly normal rate. However, a 55% increase in 2 years isn't due to "regular" CPI inflation. Some stuff just gets expensive faster than other stuff. Other things get cheaper.
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10-04-2012, 15:41
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#7
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武
Join Date: Nov 2009
Location: KUMSC
Posts: 6,575
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It's been here. Have you not been paying attention when you shop for necessities?
__________________
Death twitches my ear. "Live," he says, "I am coming."
Virgil, Minor Poems
Enjoy yourself. It's later than you think.
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10-04-2012, 15:41
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#8
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Senior Member
Join Date: Apr 2005
Location: Near Chicago, IL
Posts: 13,976
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Quote:
Originally Posted by itstime
Yes. It's here. Go grocery shopping. Everything is going up.
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Not everything. In consumer electronics, for example, prices are dropping continuously. Yes, inflation drives up the price of stuff, but there are other market forces at play as well.
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10-04-2012, 15:43
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#9
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Senior Member
Join Date: Apr 2005
Location: Near Chicago, IL
Posts: 13,976
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Rolling y-o-y change in the Consumer Price Index:
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10-04-2012, 15:46
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#10
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Senior Member
Join Date: Mar 2012
Location: North Puget Sound, WA
Posts: 725
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Yes. Anytime you put massive amounts of money that is printed and not the result of labor it leads to inflation. Not possible otherwise... It is hidden because the dollar has devalued. Compare the price over the last 4 years of gas vs the dollar and then compare the price of gas vs Gold. the price is going up due to the devaluation of the currency. Look at packages, items that were 16 oz are now 14.5 oz , look at cereal boxes they are smaller too for the same amount.
Sent via Messenger Pigeon
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10-04-2012, 15:48
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#11
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transmogrifier
Join Date: Oct 2001
Location: USA
Posts: 13,215
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This thread is gonna be fun.. 
__________________
June 28, 2012: the day the American republic died.
Uncontrolled, unaccountable government spending + Graduated income-tax = SLAVERY
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10-04-2012, 15:54
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#12
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Senior Member
Join Date: Mar 2011
Location: Luzerne County, PA
Posts: 1,453
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At the grocery store I work in, some items have been steadily rising, while others haven't had a price change since 2008. (The price tags have the date the tag was generated printed on it.)
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10-04-2012, 16:01
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#13
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Senior Member
Join Date: Mar 2011
Posts: 734
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Where have you been? Inflation has BEEN here, and getting worse over the last 4 years. The fact that not only is the fed printing money like crazy, but also attaching additional debt to every dollar printed, which requires more money printed to pay it, means that money is practically being stolen out of your pocket every moment the presses run.
__________________
"Use more gun." -The Engineer- (Team Fortress 2)
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10-04-2012, 16:04
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#14
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transmogrifier
Join Date: Oct 2001
Location: USA
Posts: 13,215
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Quote:
Originally Posted by devildog2067
Rolling y-o-y change in the Consumer Price Index:
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The CPI, yeah....
You in particular understand the significance of valid and accurate metrics...
__________________
June 28, 2012: the day the American republic died.
Uncontrolled, unaccountable government spending + Graduated income-tax = SLAVERY
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10-04-2012, 16:26
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#15
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Senior Member
Join Date: Apr 2005
Location: Near Chicago, IL
Posts: 13,976
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Quote:
Originally Posted by Atlas
The CPI, yeah....
You in particular understand the significance of valid and accurate metrics...
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Well, you gotta start somewhere. Looking at the change in price of a particular set of tires over 2 years isn't going to give you a valid picture.
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10-04-2012, 18:26
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#16
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Drifting Cowboy
Join Date: Aug 2004
Location: Illinois
Posts: 5,365
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Roughly a quarter of the make up of tires come from petroleum products. Petroleum goes up, tires go up.
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R.I.P 23skidoo (Jeff) & CJLandry (Chad)
Taken too soon.
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10-04-2012, 19:24
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#17
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Member
Join Date: May 2003
Location: New Hampshire
Posts: 89
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Quote:
Originally Posted by vart
My dad sure thinks so. He just put on a set of tires on his dually and it cost him $1700.
He said the same tires 2 years ago ran him $1100.
He said he's noticed that prices on everything have been going up the past few months and he thinks it is due to inflation from the Fed printing money like crazy.
I don't know enough to agree or disagree with him.
I do know that a few folks on talk radio have been warning of hyper inflation for a while...
What do you guys think? |
I would say that if you're buying tires, inflation is imminent.
Sorry in advance.
J
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10-04-2012, 19:40
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#18
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Searching ...
Join Date: Mar 2010
Location: On the move ... again!
Posts: 1,840
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Tires = Oil and oil has been going up (for quite a while now), seems pretty straight forward.
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10-04-2012, 19:42
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#19
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Senior Member
Join Date: Jan 2007
Posts: 1,825
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Quote:
Originally Posted by jpnh
i would say that if you're buying tires, inflation is imminent.
Sorry in advance.
J
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beautiful
__________________
What you call "hunger", I call "incentive".
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10-04-2012, 19:48
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#20
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Senior Member
Join Date: Nov 2010
Location: Mississippi
Posts: 664
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Inflation is in the background but it will not be long at our spending/debt rate that it will come roaring into our economy.
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Retired AF Pilot
NRA Life Member
Garand Collectors Association
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10-04-2012, 21:19
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#21
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It ain't over
Join Date: Apr 1999
Location: upper mid-west
Posts: 8,193
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Quote:
Originally Posted by SPIN2010
Tires = Oil and oil has been going up (for quite a while now), seems pretty straight forward.
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I wish I could remember the quote from a Saudi Sheik regarding oil and dollars. I also wish i could remember the guys name. He stated it during the '70s oil crisis. It went something like this...
"We need more of your dollars for our oil. Your dollar is not worth so much any more".
Not much else to say. Except maybe that the FED says inflation is currently at ~2%. I wonder where Helicopter Ben shops? 
IIRC, stadowstats.com thinks 'price' inflation is closer to 11%. They calculate such things as they were calculated 20 years ago. Now why would the Gov change their calc methods? 
__________________
So, if we can eliminate gun crimes by passing laws against guns, why don't we pass laws against (recreational) drugs? 
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10-05-2012, 02:25
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#22
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Diesel Girl
Join Date: Mar 2008
Location: Somewhere in Ohio
Posts: 7,503
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If this isn't inflation, I'd really hate to see what's coming next.
__________________
You can't fix stupid. Not even with duct tape.
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10-05-2012, 03:46
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#23
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NRA Life Member
Join Date: Jan 2008
Location: MA and N.C.
Posts: 2,839
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With fuel costs what they are, it's got to be passed on to the consumer eventually.
I filled up two days ago @$3.93 for regular. Ouch. I ordered a screwdriver set from Midway and shipping costs have risen noticeably from what I remember last.
Without an economical way to move people and products around the nation (never mind the impact to petroleum based manufacturing) I don't see how it's possible to ever mount any sort of economic recovery.
__________________
They call it the American Dream because you have to be asleep to believe it.
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10-05-2012, 04:13
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#24
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Senior Member
Join Date: Jan 2001
Location: The Most Beautiful Part Of The USA
Posts: 3,427
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Food prices are up and a likely to go MUCH higher. But it has nothing to do with the Fed. It is all due to the drought this summer and the subsequent crop failures. It will take 2 years for the prices to recover.
Everything related to petroleum is up because markets are worried about saber rattling from Iran and equally juvenile behavior out of Israel. Oil prices will crash if BOTH Ahmedin-nut-job and Nutt-n-yahoo are voted out and replaced by mature adults. That and no natural disasters or accidents that significantly impact oil production or refining.
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10-05-2012, 04:49
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#25
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Senior Member
Join Date: Oct 2007
Location: Pennsylvania
Posts: 3,075
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Let’s say you are running the Country, what would you do to solve all of our financial problems?
Inflation is the solution. It is the only way. It is coming in a big way.
$16 Trillion in US Debt – inflation solves it.
Housing crisis loaded with underwater mortgages – inflation solves it.
SS and Medicare crisis –inflation solves it.
Need an unauthorized tax increase –inflation solves it (everyone in a “rich” tax bracket).
Bernanke is pumping with QE3. He is stealing from you.
Notice it is the necessities; fuel, food that skyrocket. Is your paycheck going to keep up?
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