What would you do faced with 50% inflation?

[Terri9630]

Just to go to town and back is about $45 now. Well as of yesterday, no idea what diesel is today.. I just placed an order for more yeast, flour, dog food and a few other things. Shipping was free so it saved me some money. I need to call my hay guy to see what hes got left before this summers diesel prices come into play.

 

[Magus]

Next time out it's dry goods time.

 

[Katie Müller]

I don't know what a year of rest is I just rotate where I plant things.

We used to rotate which garden we planted in, but now we don't do any planting. Jonathan Cahn was the one who brought the Sabbatical year to our attention and he figured 2000-2001 was a Sabbatical; with 2007-2008; 2014-2015; 2021-2022 also be years of rest.

not many follow the plan of letting the land rest. I believe it’s Biblical, but don’t know the reference. I did know someone who did that, and he showed quite a bit of concern about his farm, not using chemicals or big equipmen, and leaving woods and the edges of the field for the wildlife.

Oh good for him! We, personally, don't use chemicals or pesticides here but my dad rented the land out to a farmer and he uses both. We all kind sighed over it, but what are you going to do? My dad gives him the heads up about the land resting. He's a Christian so he respects it.

Last time we let the land rest, we an explosion of deer and turkey at our place and the next year our garden did really well.

It's called a "Year of Jubilee". IIRC it is also called to forgive any debts you are owed as well. I'd have to look up the passage, but it is more than just leaving the land fallow 1 year of every 7

No, the Year of Jubilee is the 50th year. The Sabbatical or Shemitah year is every 7th year. But you are right that it is also about letting captives and or servants go free; all debts are forgiven (except debts owed by foriegners to Israel. Israel could still collect their debts from strangers but not from their brothers)

I'm lazy so I just found two links to anyone interested

https://biblia.com/bible/esv/deuteronomy/15https://www.gotquestions.org/sabbatical-year.html

 

[Katie Müller]

Shipping was free so it saved me some money.

How long do you think before we see free shipping a thing of the past?

We're nuking Amazon Prime this year. We don't think it's going to be worth it.

 

[Magus]

Looking at the price of fuel this morning, the question of the thread will be answered before the month is out.

 

[Katie Müller]

Dad says gas is just one commodity and it'll take a little time to translate to other markets. He thinks we've got about 4 - 12 weeks. End game begins around Passover, full manifestation is May - June. It's starting now, but it will take a few more weeks yet before we're seeing hyperinflation.

I sought Dad's sage advice whether I should ask my employer to pay me bi-weekly. He doesn't think it matters. I'll get my check this month, but he thinks I'm about to lose an office or two next (which I also fully expect). Greatest Depression here we come >.<

 

[jazzy]

Dad says gas is just one commodity and it'll take a little time to translate to other markets. He thinks we've got about 4 - 12 weeks. End game begins around Passover, full manifestation is May - June. It's starting now, but it will take a few more weeks yet before we're seeing hyperinflation.

I sought Dad's sage advice whether I should ask my employer to pay me bi-weekly. He doesn't think it matters. I'll get my check this month, but he thinks I'm about to lose an office or two next (which I also fully expect). Greatest Depression here we come >.<

i think his timeline estimate is pretty logical. im feeling the wheels fall off our bus by sept and it is hunker down time if not already hunkered. and i dont see the left allowing mid term elections and think they will do something drastic. .

 

[Magus]

I'll miss this country when its gone.

 

[Eli]

I hope this is not too off topic, a few people have been comparing gas prices on this thread. I just paid 3.95 in rural Texas. A friend on long Island is paying 4.20. I'm thankful to have a little solar and an inverter!

 

[LadyLocust]

I inquired about a surcharge today. Even the fella selling it questioned it and looked into it. Here is part of the reply to demonstrate.
The cored, low alloy, and gas shielded wire had the largest increase, going from a surcharge of $0.24 per lb, to $1.08 per lb.

 

[Neb]

I inquired about a surcharge today. Even the fella selling it questioned it and looked into it. Here is part of the reply to demonstrate.
The cored, low alloy, and gas shielded wire had the largest increase, going from a surcharge of $0.24 per lb, to $1.08 per lb.

Sounds luke are talking about wire for a MIG welder.

Confused...

What was the context?

Thank you

Ben

 

[UrbanHunter]

Between Labor and fuel prices, I can see the price of fresh foods going up a lot. It's not just the trucking, but fueling the tractors, the harvesters, and then if the wages for farm, packing houses, loading and store workers has increased someone will have to pay for that. Plus water has become expensive and most fertilizers are made using petroleum products. And that is before getting to supply and demand economic factors. When I look at it big picture all I see are storm clouds rising...

And I was only talking about domestic supplies.

 

[elkhound]

https://www.zerohedge.com/commodities/absolutely-out-control-gas-hits-4-gallon-first-time-2008

 

[Bacpacker]

https://www.zerohedge.com/commodities/absolutely-out-control-gas-hits-4-gallon-first-time-2008

Too bad that map is already out of date.

 

[LadyLocust]

Sounds luke are talking about wire for a MIG welder.

Confused...

What was the context?

Thank you

Ben

Yes, it is in regard to welding wire. Didn't mean to confuse, just noting the the 400+% increase.

 

[elkhound]

Too bad that map is already out of date.

yea we need an hourly updated one....like our debt clock maybe !

 

[elkhound]

dont look now but we are 1/3rd of the way to another trillion.

 

[Magus]

Anyone hear the latest?
They're calling Putin "The Beast".
Why does this chill me?

 

[Katie Müller]

Anyone hear the latest?
They're calling Putin "The Beast".
Why does this chill me?

I expected people to call him the Beast, as in 'Beast Power of Revelation'; however, I don't think it's him. The beast power actually makes peace in the beginning. If it were possible, the beast power would deceive even the elect. The whole world wonders after him. When the whole world is rabid against Putin and not in wonder and awe over him, I doubt he's the guy.

Either way, we think someone is about to enter the world stage and solve this Ukrainian crisis. We got our eye on someone, but we're not 100% sure if he's the guy, so I won't name drop. Time will tell.

--

Last night when I was in the shower and considering turmoil around Passover-time, because lots of events occur around the Holy Days, I realized that that will be the end of the 1st quarter fiscal year. It made me wonder if some price increases won't leap and bound until after the 1st quarter when people sit down and organize their financial books and realize they have to increase their cost to consumer if they intend to make a profit?

Plus contracts might renew around that time and any 'locked-in' prices will now be free to change. Maybe I'm just being hopefully for 4-12 weeks left, because I need that time, but I'm thinking. . .that maybe we've got 'til around April 15th, and then things will start to really escalate in all the markets from there.

 

[Katie Müller]

https://www.zerohedge.com/political/watch-live-biden-ban-russian-oil-imports-over-ukraine-war
Mmmkay, so, maybe we should just place bets on what we think gas will be by the end of the week or end of the month.

 

[Curmudgeon]

Mmmkay, so, maybe we should just place bets on what we think gas will be by the end of the week or end of the month.

I predicted 5 or 6 weeks ago we would see 5 bucks by the end of March, it may well be more than that.

 

[ladycat]

A really good illustration of inflation.


So... Amazon has a diaper sale, and I went to do the price check on the HUGGIES OverNites Diapers at Walmart. I discovered two things-
1] The package sizes got smaller
2] the prices went up
I don't know if both events occurred simultaneously, and I haven't checked other varieties/brands to see if the same happened to any others.

*
COMPARE:

*
February 20 2020
HUGGIES OverNites Diapers, Size 6, 48 Count
Walmart price: $24.47
Amazon deal: $9.56
*
March 11 2020
HUGGIES OverNites Diapers, Size 4, 68 Count
Walmart price: $24.47
Amazon deal: $9.56
*
Now fast forward 2 years
*
March 8 2022
HUGGIES OverNites Diapers, Size 6, 42 Count
HUGGIES OverNites Diapers, Size 4, 58 Count
Walmart price: $26.97
Amazon deal: $17.92
*
In 2 years time, packages got smaller, price went up $2.50 each, and Amazon is still a good deal, but not as good of a deal.
This is the type of situation I'm running into across most categories.

 

[Katie Müller]

@ladycat

Shrinkflation! This happened to Scotties Tissues that I buy. Back in November it was 140 count for $1, now 128 count for $1.25. Also happened to the box of potato flakes we get at Aldi. Went from 15 oz down to 13 oz and went up 30 cents.

My guess is by another 20-25% increase in inflation this month. A jump of $2 on a product that's $24 isn't going to draw tons of attention and alarm, but it adds up. Next month might be more-or less of the same thing. That pack of diapers will be $28-$30 -- and another 6 less. And then I think we'll start seeing it spiraling out of control. With price changes from monthly to weekly to daily!

I likened it to striking Titanic. It sank slowly at first, but then it's going to pick up speed and then boom, the lights are out, the ships in two, and within five minutes it's below the water. By September I think people will be scrambling and screaming for the top and by October we're at the bottom of the Atlantic.

 

[SLADE]

When I was a kid gas was about 10 cents a gallon.
Wages for labor was $1 an hour. Many made less.
$15 would fill the back of a station wagon with food.
The list goes on and on. Nothings ever gone down in price and stayed there.
Any prediction on a long enough time line may come true. Except for the harry potter made up kind of stuff.

 

[elkhound]

Lars with survival russia channel is going to do updates showing sanctions and inflation effecting them. he lives very very remote so it could be huge delay in seeing it till next stocking of shelves and such arrive.

3-2-22




3-8-22

 

[WVDragonlady]

Just got back from the hardware store that we buy our wood pellets from every year.
The owner told us this morning that pellets are going to go up starting next month and he said they could go as high as $400+ a ton
That is double in price.
He said the guy that trucks to him says with the price of fuel it won't be worth delivering the load.
Hubby just left to go buy 2 more skids/tons of them so we'll have them come Fall. That will give us a total enough to maybe last 5 years for our heat.

So if you know someone who uses wood pellets for heat, they may want to check with their supplier

 

[ladycat]

Here's today's dramatic find:
Iberia Extra Virgin Olive Oil & Sunflower Oil Blend, 51 oz
Walmart prices:
$5.94 - Oct 6, 2021
$6.97 - Feb 22, 2022
$8.94 - Mar 10, 2022
That much in FIVE MONTHS!

 

[WVDragonlady]

Price has already gone up on the pellets. They're $325/ton now and with sales tax it comes to $344
We paid $218/ton last summer

 

[ClemKadiddlehopper]

We got our hands on 60 full cords of fire wood last summer. This year no one is cutting it. Too expensive to haul and people can't pay the new prices.

 

[LadyLocust]

We got our hands on 60 full cords of fire wood last summer. This year no one is cutting it. Too expensive to haul and people can't pay the new prices.

That should last a day or two.