Empty Store Shelves Coming to America

[j427x]

i think the "empty wallet" is going to hit just before the "empty stores". but that is just me and the magic 8ball talking!

[Bradrock]

Good gravy......Regular gas went up 36 cents a gallon here just TODAY!!! I can't afford to go to town to see the empty shelves!!! I got a half tank of gas & a suitcase of cheap Mils best & dropped $67.00 !!! WTF???
Thank you obama.

[MUSIBIKE]

Its about to start getting FUN folks!

[4thIDvet]

Originally Posted by j427x

i think the "empty wallet" is going to hit just before the "empty stores". but that is just me and the magic 8ball talking!

Seems most folks, around here anyway, are living pay check too pay check.
Oh I dont mean the sky is falling. Some out there are doing good.
But most everyone has cut down on the going out too dinner, luxury items, like boats, Big boys toys, etc.
People are spending, when they have the dollars. But spending on the cautious side.
Even the lucky few, with the $$$ seem too be holding back and shopping at the bargain stores.
Wally World even took a loss for the second quarter.
The Chinese wont be happy bout that.
Gas hits 5+ here in the States.
Keep your seat belts on. Things gonna get ugly.
I am going too the roof with my case of beer and watch the show. Anyone wants too head on over. Please bring your own beer and no. You can not use my binoculars.

[j427x]

yea these are 'interesting times".

this this the "stag-flation" that was talked about in the 1970s. it is here today.

back then if you lost your job you could get another. at least in these parts when a job is gone. it is gone --finding another is near impossible.

even people that have a little $$ are faced with a problem.

do i spend what little dough i got now, cause the longer i delay the more things cost tomorrow!

and the inflated prices are also causing lay-offs due to lower sales--

sort of a downward spiral that feeds on itself!

[4thIDvet]

It is not the working man or woman who got us in this mess. Oh some did take advantage of the easy money the bankers and the Fed were tossing out.
But the Feds greed, making .70 cents profit + on every dollar printed, before it hits our hands. Sure did put a crinkle in our present situation.
Pray for peace, but prepare for trouble.
My God. Once we "vote" this Fed idiot puppet, out of the White House.
Maybe. Pray. Their is a chance of a turnaround.

[TRX]

Originally Posted by j427x

do i spend what little dough i got now, cause the longer i delay the more things cost tomorrow!

I got out on my own in 1979. I made a little money, decided to open a savings account.

In school they told us about the wonders of compound interest. At six percent compounded quarterly, fifty cents would become a bazillion dollars in a few years...

The best I could find then was just over 1%... compounded yearly. By 1982 that had dropped down to .75% on savings accounts, but if you caught deal on Certificates of Deposit you could rake it in at .9%! Meanwhile, inflation was officially admitted to be 15%, and I figure it was quite a bit higher than that.

So I figured it *cost* me 14.25% to put my money in a savings account then. It got a bit better later, but last time I looked, no local bank offered anything that could keep up with inflation.

[TRX]

Originally Posted by 4thIDvet

My God. Once we "vote" this Fed idiot puppet, out of the White House.

That's what I was thinking in 1996, except the RNC nominated Bob Dole. At least Dollar Billy was the devil we knew; Dole was a raving loony-toon. But he was the top dog in the Republican Party, and nobody was going to stop him if he wanted to try for the brass ring... the RNC *gave* that election away.

[BBill]

Originally Posted by TRX

That's what I was thinking in 1996, except the RNC nominated Bob Dole. At least Dollar Billy was the devil we knew; Dole was a raving loony-toon. But he was the top dog in the Republican Party, and nobody was going to stop him if he wanted to try for the brass ring... the RNC *gave* that election away.

Correct!! And there is NO one who I think can beat that treasonous POS in the White House next election.

[Bradrock]

Originally Posted by BBill

Correct!! And there is NO one who I think can beat that treasonous POS in the White House next election.

I think Hillary clinton maybe could