I'm so lucky!

[Dave]

I bought a bag of air today at the Dollar Tree, and I found a few free potato chips in the bottom. SCORE!!!!! Drum roll, snare.

Yes, shrinkflation is getting ridiculous. I think the best place to buy chips for a reasonable price, with a reasonable quantity, in Ohio is Marks. That's Ohio, though. Marks is not nation wide.

The worst place to buy chips is the Dollar Tree, otherwise known by me as the inflation tree. They should be called the buck and a quarter tree. Woolworths had to stop saying five and dime store, right? Inflation.

Dave

 

[prism]

I'm here in California, is Marks a department store?

 

[Dave]

Actually, I misspoke. It's Aldi's that has the best bang for the buck. Marks, not so good. Sorry about that. My dyslexia is taking on a whole new, and bigger definition in my old age.

Dave

 

[makesends]

Actually, I misspoke. It's Aldi's that has the best bang for the buck. Marks, not so good. Sorry about that. My dyslexia is taking on a whole new, and bigger definition in my old age.

Dave

I'm falimilar with THAT!

 

[fastfredy0]

I bought a bag of air today at the Dollar Tree, and I found a few free potato chips in the bottom. SCORE!!!!! Drum roll, snare.

Yes, shrinkflation is getting ridiculous. I think the best place to buy chips for a reasonable price, with a reasonable quantity, in Ohio is Marks. That's Ohio, though. Marks is not nation wide.

The worst place to buy chips is the Dollar Tree, otherwise known by me as the inflation tree. They should be called the buck and a quarter tree. Woolworths had to stop saying five and dime store, right? Inflation.

Inflation is caused by your government. They are legal counterfeiters. They print money at will and therefore can spend it at will. The government's gets elected by promising things to people for votes and then print money to pay for it. You eventually pay for things by a combination of taxes and inflation. For example, you buy a $1000 U.S. treasury bill paying 4% annually. After a year you make $4 but inflation on $1000 is $3.50 so you really made 50 cents. But wait, there's more to consider. You pay taxes on your $4 of interest which is 50 cents assuming 12.5% tax bracket so now you've broken even as far as the amount of 'things' your money can purchase. But that's not all. The government determines how inflation is calculated in a way that is in their favor so they don't look so bad. Real inflation is more like 7-8%. You actually can buy less that what you could a year ago. It's like a melting ice cube. Eventually, all fiat currencies implode due to corruption.

B I T C O I N ... you can't print it out of thin air

 

[CrowCross]

B I T C O I N ... you can't print it out of thin air

or move it when the internet is down.

 

[CrowCross]

I bought a bag of air today at the Dollar Tree, and I found a few free potato chips in the bottom. SCORE!!!!! Drum roll, snare.

Yes, shrinkflation is getting ridiculous. I think the best place to buy chips for a reasonable price, with a reasonable quantity, in Ohio is Marks. That's Ohio, though. Marks is not nation wide.

The worst place to buy chips is the Dollar Tree, otherwise known by me as the inflation tree. They should be called the buck and a quarter tree. Woolworths had to stop saying five and dime store, right? Inflation.

Dave

It's probably a good thing the amount of chips are down....this way you won't eat as much poison they put into the product.

Go boil and egg.

 

[fastfredy0]

or move it [Bitcoin] when the internet is down.

Unlike stocks, bonds, ETFs, etc. ... Bitcoin moves 24/7 and across the world in 10ish minutes, avoiding human intervention. Even VISA and MasterCard take 3 or so business days to complete transaction and at a much greater cost and subject to outside intervention (i.e. Canadian gov't recently closed down bank accounts of those who made monetary contribution to peaceful protesters in Ottawa)

 

[Carbon]

Hmmm.

 

[ElectedbyHim]

I bought a bag of air today at the Dollar Tree, and I found a few free potato chips in the bottom. SCORE!!!!! Drum roll, snare.

Yes, shrinkflation is getting ridiculous. I think the best place to buy chips for a reasonable price, with a reasonable quantity, in Ohio is Marks. That's Ohio, though. Marks is not nation wide.

The worst place to buy chips is the Dollar Tree, otherwise known by me as the inflation tree. They should be called the buck and a quarter tree. Woolworths had to stop saying five and dime store, right? Inflation.

Dave

I live South of Cleveland and shop at Marcs frequently.

 

[ElectedbyHim]

Actually, I misspoke. It's Aldi's that has the best bang for the buck. Marks, not so good. Sorry about that. My dyslexia is taking on a whole new, and bigger definition in my old age.

Dave

I find Aldi more expensive than walmart.

 

[makesends]

Inflation is caused by your government. They are legal counterfeiters. They print money at will and therefore can spend it at will. The government's gets elected by promising things to people for votes and then print money to pay for it. You eventually pay for things by a combination of taxes and inflation. For example, you buy a $1000 U.S. treasury bill paying 4% annually. After a year you make $4 but inflation on $1000 is $3.50 so you really made 50 cents. But wait, there's more to consider. You pay taxes on your $4 of interest which is 50 cents assuming 12.5% tax bracket so now you've broken even as far as the amount of 'things' your money can purchase. But that's not all. The government determines how inflation is calculated in a way that is in their favor so they don't look so bad. Real inflation is more like 7-8%. You actually can buy less that what you could a year ago. It's like a melting ice cube. Eventually, all fiat currencies implode due to corruption.

B I T C O I N ... you can't print it out of thin air

They'll find a way. And, if I'm right, even bitcoin represents nothing real.

 

[fastfredy0]

They'll find a way. And, if I'm right, even bitcoin represents nothing real.

Bitcoin is a financial protocol like TCP (Transmission Control Protocol) is part of the protocol that keeps the internet going. Bitcoin's usefulness comes from it characteristics that make it a 'better' form of money similar to gold being a 'better' form of money for 5000 years. Nixon went off the gold standard so the U.S. government would not be restricted as to how much money they could print to pay of debt. Bitcoin is superior to gold as its supply is more limited and therefore doesn't lose value over time, it can be easily sub-divided into smaller portions more easily, it can be transported vast distances at the speed of light and it is decentralized which means corrupt humans can't abuse it.
Bitcoin has a $2 trillion market cap. It is very volatile and 7 or so years of the last 10 it has been the best asset to hold (and the other 3 years it was near the worst). As states, countries, companies, ETFs and the banking system add it to their assets the value will go up.
ASIDE: Should have loaded up on it 12ish years ago when it was a buck a coin. Now it's 100K a coin and adoption continues to grow.

 

[Dave]

Inflation is caused by your government. They are legal counterfeiters. They print money at will and therefore can spend it at will. The government's gets elected by promising things to people for votes and then print money to pay for it. You eventually pay for things by a combination of taxes and inflation. For example, you buy a $1000 U.S. treasury bill paying 4% annually. After a year you make $4 but inflation on $1000 is $3.50 so you really made 50 cents. But wait, there's more to consider. You pay taxes on your $4 of interest which is 50 cents assuming 12.5% tax bracket so now you've broken even as far as the amount of 'things' your money can purchase. But that's not all. The government determines how inflation is calculated in a way that is in their favor so they don't look so bad. Real inflation is more like 7-8%. You actually can buy less that what you could a year ago. It's like a melting ice cube. Eventually, all fiat currencies implode due to corruption.

B I T C O I N ... you can't print it out of thin air

Actually, I have a theory on that. Follow me. If inflation grows faster than the national dept, do we really owe more money? Lets say the national dept is 25 trillion. After twenty years it doubles to 50 trillion, but the dollar is worth half of what it used to be twenty years ago. Do we owe more money, or the same? I think it's a game that our government played, purposely driving up inflation to pay the national debt, and if not now, then later, it will catch up with them. All the politicians relatives were getting rich selling 5 thousand dollar hammers, so to speak. If I were them, I would print up enough to pay China, and suffer the consequences. Our money won't be worth anything, but at least we won't be in debt. It's headed that way anyways. Is there some kind of national standard for currency, and as a result, debt? I always thought that it was the dollar. Which used gold as it's standard. I have no idea what standard they use today. Sometimes I think money is just an illusion painted by the people who run this world.

 

[Dave]

I find Aldi more expensive than Walmart.

Walmart is really expensive by me. It's getting to the point that I mostly only buy things that are discounted and try to store some of it for later. I buy my motor oil at Walmart. Smaller auto parts stores can't complete with them because Walmart buys by the truck load and can sell cheaper.

 

[fastfredy0]

Actually, I have a theory on that. Follow me. If inflation grows faster than the national dept, do we really owe more money?

I think I see where you're going. The problem is not that we cannot pay for everything by printing fiat money, the problem is eventually people realize the printed paper has not value and the currency is not longer used at which point you have default.

I think it's a game that our government played, purposely driving up inflation to pay the national debt

True. The benefit is the government distances themselves from their bad decisions as inflation is not understood to the degree that taxation is understood.

If I were them, I would print up enough to pay China, and suffer the consequences.

China holds $770 billion in U.S. funds. It's a melting ice cube due to inflation. This is to the benefit of the U.S. China is smartening up and investing in material things like mines.

Our money won't be worth anything, but at least we won't be in debt. It's headed that way anyways.

Well, we may not be in debt ... but we will have other issues like Zimbabwe. If your money is worthless, then how do you exchange goods. Bartering has great limitations.
Bitcoin cannot be manipulated or inflated. (Technically, bitcoin inflates at about 1/2% a year and every four year the amount of inflation halves. Gold inflates at 1.5-2% a year and worked for a long time. Worked in the U.S. till Nixon nixed it.

 

[Dave]

China holds $770 billion in U.S. funds. It's a melting ice cube due to inflation. This is to the benefit of the U.S. China is smartening up and investing in material things like mines.

China is investing in buildings that no one lives in. They built whole cities like that. The idea, as an investment for the people, is that one day those buildings can be finished very easily, with electric, and plumbing, but for now those cities just sit, as a shell of an investment . Very strange.

There's a you tube channel that I use to learn about what's going on in China. I think it's reliable. It's called Loawhy86

 

[makesends]

All that is beyond me.

But I think it was long before Nixon that you couldn't even exchange silver certificates (never mind Gold) for silver (or Gold). Even when I was a kid, if you took paper money in and tried to get the "real money" it supposedly represented, you would be laughed at.

 

[makesends]

Unlike stocks, bonds, ETFs, etc. ... Bitcoin moves 24/7 and across the world in 10ish minutes, avoiding human intervention. Even VISA and MasterCard take 3 or so business days to complete transaction and at a much greater cost and subject to outside intervention (i.e. Canadian gov't recently closed down bank accounts of those who made monetary contribution to peaceful protesters in Ottawa)

So THAT'S why they want to tax the internet!