Given the Democrats' need for more revenue and their history of quietly adopting some of Trump's platform when it is expedient, it seems likely that regardless of who wins the next election there will be stiff tariffs for Chinese and other manufactures goods.
Things like batteries for hand-tools, LED flashlights, chain, nails-and-deckscrews, trail-cams, WIFI driveway motion alarms, handheld radios, electric blankets, solar panels, generators.... might get a lot more expensive in the foreseeable future.
P^6.
Oh yeah, and our salary/pensions WILL NOT keep up...
ReplyDeleteThere is a reason why Kamala Harris promises to stop illegal immigration rhetoric isn't getting any pushback from the Democrats.
ReplyDeleteThey already know she is lying through her teeth.
She isn't going to reverse course at the last minute. She is just wanting to take away one of Trump's long standing issues from him to convince voters to vote for her.
A good point made for items needed to extend tool lives. Get them while you can as American manufacturers may not be able to tool up on time to provide domestic made items.
P^7 PROPER prior planning prevents piss poor performance.
ReplyDeleteInflation is here. Hyperinflation is a real possibility. See Zimbabwe Venezuela and Weimar Germany for the effects of the hyperinflation : wheelbarrow of money for a loaf of bread.
ReplyDeletePrime causes would be The Fed printing money like toilet paper and Communist Party operatives crippling the energy industry for their own profits. Remember Biden 's first day in office?
Joe's list of goods above is hardly comprehensive. You can count on every single thing costing more in the future and possibly a lot more. Storing your wealth in currency and bank accounts guarantees that the purchasing power of that wealth will decrease.
Plan accordingly.
I'd say hyperinflation is already here. The world's largest economic engine, the U.S., is better equipped to soften the effects.
DeleteZ, V, the Weimar, are no comparison, not even as good examples.
Rick have you ever played Jinga?
DeleteHyperinflation destroys empires.
America isn't safe from Weimer Hyperinflation.
I could relate stories from my Grandmother about being there and seeing the daily prices rising.
Michael
I saw something on line about China controlling our sources of nitro cellulose and antimony, necessary components of ammunition.
ReplyDelete