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Inflation, What’s That?

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https://www.officialdata.org/new-zealand/inflation/1987

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  1. I knew the msm where being hyperbolic with their yelping lately about “unprecedented inflation”. For this bunch of self-absorbed journalists they are the only ones who have ever suffered. In 1987 there were no calls for the government to financially support those suffering from the 16% inflation and exorbitant mortgage rates, nor were employers called on to give pay rises to keep incomes up with the rise in living costs. It just was what it was, you got on or sank.

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  2. The quarterly rate of 6.9% looks like just the start out of the blocks,
    Some call it a blip and will rapidly go back down and I even hope so. 🙂 …. yeah right ….

    If that quarterly rate just remains, then annualized (x4) would look like 27,6% for the year.
    What are the chances that it will go back below 5%? which if annualized is 20%
    Not weighed up is the compounding of this.

    The inflation rate will follow the increased rate % of new money, the government borrowed money.
    Particularly when that expenditure has little or no return on its capital, to aid productivity, in particular per capita.

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  3. At a lower level, when a $4 widget goes up $2 to $6 that shows a 50% increase.
    Then the it is the $6 widget goes up another $2 to $8 and acclaimed as just reduced inflation to 30%

    So we will hear much acclamation that inflation has reduced, though the price of things have simply doubled;– that is 100% up.

    What do you think will be spun to the voting public, and how they will swallow it, with spoonfuls of more sugar (easy money) doshed around.

    A doubtful quote from Lenin:—- “The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.”… economist John Maynard Keynes after an interview with Lenin.

    Via President Reagan’s take on Lenin.:—“‘Through inflation government can quietly and unobservedly confiscate the prosperity of its citizens.'”

    Capital Gains tax becomes a tax on Inflation?
    https://www.azcentral.com/story/claythompson/2014/10/13/lenin-ronald-reagan-quotes/17226727/

    + regulations and more costly regulations.

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  4. Inflation – this is what happens to ones ego when they become a member of government and think they know what they are doing when they actually have no idea.
    The worst examples are who is in the drivers seat of the bus we are all on heading for the cliff face with the foot flat to the floor.

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  5. The problem as I see it with a lot of media reporting of inflation is it’s not reported well. Is it 6.9% in just the quarter or is it 6.9% annualised in the quarter?
    6.9% annualised means the quarter went up around 1.725%. Based on my own experiences doing the family weekly shopping and petrol filling up, it was 6.9% in the quarter alone. People would be aghast to see over 20% annualised inflation when their wages are stagnant.

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