ADVERTISEMENT

Nm

The pipeline was actually more than half done from what I can find . When he signed the executive order on day one of his administration, the following days crude prices started going up in the market . The market responded by signaling the cheap way of transport Canadian oil to Houston for refining was halted. Perception in the future and commodities market reacted and the speculators said ,there is uncertainty in the market thus prices went up on crude..

Everything we buy is tied to oil. Farmers pay more for oil and fertilizer. Food prices go up. transportation costs for everything goes up, so you pay more . There is virtually nothing in your life not tied to oil and it's price ..so oil prices did increase inflation. Then our monetary policy is the other side. Flood the market with easy money, free money COVID give aways and voila more money in circulation means it's value is less. It's that simple.

It was 8% built, nowhere close to half done.
 
Half the states wouldn't open under Trump. Magically the commie States starting opening after he took office. Now Magically they removing mask mandates (approval ratings based) when covid was near when we were in the complete shutdown. Scam

They started opening and loosening restrictions when vaccines came out.
 
Yah , that supply chain of empty chicken and beef produced in the US ,inspected by USDA and such is really to blame on other countries. Sure ..keep telling yourself that . I do a lot of smoking food on my pellet grill. Chicken wings family pack at Publix last year as around $11 now it's $20. Brisket was around $7 bucks a pound now it's almost $12 when you can get it.
Get the prime brisket at Sam’s or Costco. Cook the whole thing or separate the flat and the point. Grind the point for burgers. Much cheaper than $12/lb
 
Last edited:
The pipeline was actually more than half done from what I can find . When he signed the executive order on day one of his administration, the following days crude prices started going up in the market . The market responded by signaling the cheap way of transport Canadian oil to Houston for refining was halted. Perception in the future and commodities market reacted and the speculators said ,there is uncertainty in the market thus prices went up on crude..

Everything we buy is tied to oil. Farmers pay more for oil and fertilizer. Food prices go up. transportation costs for everything goes up, so you pay more . There is virtually nothing in your life not tied to oil and it's price ..so oil prices did increase inflation. Then our monetary policy is the other side. Flood the market with easy money, free money COVID give aways and voila more money in circulation means it's value is less. It's that simple.
The pipeline is inconsequential. It would have been safer and more efficient, but the existing keystone pipeline has been operational for years. XL would have been good for several reasons but it wouldn't have brought the price of oil down.
 
Business tends to figure out solutions quickly. This will benefit the American & Mexican worker. I think Mexico will become the ultimate Covid-19 winner as they will actually get a robust middle class.
Oh, domestic production is coming back, of course. But it's not only going to take decades to reverse 25+ years of outsoucing, but we have environmental policy that still outlaws or at least inhibits about 50% of industries and manufacturing. Which is why there will be more lobbying, more special interest, more exceptions to those corporations that grease the right politicians. The oligarchy will expand once again, much like Ayn Rand (indirectly) predicted.
 
Oh, domestic production is coming back, of course. But it's not only going to take decades to reverse 25+ years of outsoucing, but we have environmental policy that still outlaws or at least inhibits about 50% of industries and manufacturing. Which is why there will be more lobbying, more special interest, more exceptions to those corporations that grease the right politicians. The oligarchy will expand once again, much like Ayn Rand (indirectly) predicted.
That's US production. Mexico doesn't have the regulations and it's easier to grease palms there. That's why I believe they will be the big winner. It's not going to take them decades.
 
  • Like
Reactions: sk8knight
And corporate taxes will go up.

Just paid $110 to fill up my truck. Joe Brandon at work. Build back better 🤣
I am not looking forward to my next gas station trip. Now I have retired I don't need gas as often, so I really get to notice the difference in price. All prices are up, and business has to deal with that fact.
The biggest cost for most businesses is labor, so wages jumping from $9 or $10 per hour to $14 to $15 makes a huge hit on the bottom line. I remember during the last gas price max out, going thru $150 plus per week per spray truck.
As the owner of a 1 or for a while 2 truck business that was a killer. That is part of why I went ahead and retired last year. Between regular inflation and the changes, the county made of what products I had to use, I was either going to work for little to nothing or push thru a 15 to 20% price hike. I didn't want to do either, so I sold my customer list and called it a career.
 
I am not looking forward to my next gas station trip. Now I have retired I don't need gas as often, so I really get to notice the difference in price. All prices are up, and business has to deal with that fact.
The biggest cost for most businesses is labor, so wages jumping from $9 or $10 per hour to $14 to $15 makes a huge hit on the bottom line. I remember during the last gas price max out, going thru $150 plus per week per spray truck.
As the owner of a 1 or for a while 2 truck business that was a killer. That is part of why I went ahead and retired last year. Between regular inflation and the changes, the county made of what products I had to use, I was either going to work for little to nothing or push thru a 15 to 20% price hike. I didn't want to do either, so I sold my customer list and called it a career.
You think it's bad for us? Europeans hate us right now. ;)
 
The day to day purchases are way over 7.5%
Food is easily up 20%. My gas bill is up almost 40% from last winter with the same usage. Price at the pump is at least 50% from last winter. Wholesale costs for the products I buy and sell are probably at least 50% higher.

They have to use some weird accounting tricks to say inflation is only up 7.5%, like saying that spam is an equivalent to steak so you can still eat for the same amount of money.
 
  • Like
Reactions: KNIGHTTIME^
Looks like the losers are going to have to get off their asses and pound the pavement instead of living off the government.
 
A Tweet from El Donaldo Trumpo? Is that the level that the unemployed handymen losers have stooped to? 🤦🏻‍♂️🙄

Leave it to @KNIGHTTIME^ to hit a new low everyday 🤣🤣🤣
 
Inflation didn't just start this quarter, we can look at their past couple of earnings reports.

Give me a break with the hourly wage, at least for major corporations. If you want to complain about what they are paying people start with the CEO's, many of which are making 10s of millions a year. People wanting to make enough to get by on isnt the issue, but of course this is America, so lets blame the lower and middles classes instead of the the people at the top. But again, that is how capitalism works. Nobody is working for free, and if they want more money they can ask for it, turn a job offer down, or leave and go somewhere else. Capitalism isnt just for the wealthy, its for the lower and middle classes too.
Labor is the #1 expense with most businesses. Nobody is blaming the lower classes, but when wages jump by 25+%, cost skyrocket. I agree corps pay the very top too much, but that is a fraction of their labor cost.
 
I was in the gas station last night and a lady was freaking out at the cashier because a case of Bud Light is $29.99. That's insane!
 
Unemployed handymen working for billion dollar companies are panicking 🤣🤣🤣
 
Good stuff, lol.
Unemployed and working in the same sentence. 🤡
Get your high school degree yet? 🤣🤣🤣


360_F_231010543_MrHxvuFeqab24VpRZv5oR1VpW0DYGetS.jpg
 
Inflation might be out of control but Biden's butt has been wiped. "Dr." Jill Biden?
Be careful there. Because there's a "Dr." Smith at my house too. ;)

Although at least my wife's is a PhD, not merely an EdD. But she still has a Doctorate, even if clearly arts, not science. So it is Dr. Jill Biden, like it or not.
 
Last edited:
  • Haha
Reactions: KNIGHTTIME^
ADVERTISEMENT
ADVERTISEMENT