The quoting of inflation rates and wage gains is missing the true impact. Inflated prices for the middle class have to be paid with after tax dollars while wage gains don't reflect the actual take home monies after deductions. It makes the shrink in disposable income much larger than those simple numbers
From experience I would say inflation is at least 20%. Price at grocery store is up closer 60% and I don't eat high on the hog. If it costs too much, don't buy it. Try to save money every day. It won't last forever, but this is a long term swipe at the middle class. Not just to defeat, but to destroy. Heartless, selfish , greedy bastards all. Gold, it is the only lasting hope outside of planting the food you eat and growing what you need to survive. They are going for the jugular this time. Invest wisely and there are ways to grow your wealth. There are good, well run companies that will make you money. Maybe not rich, but turn a profit. I can see the highways overcrowded with stalled electric vehicles. Knowing Americans, this won't last till the water gets hot. Buy a bicycle, it may be the only thing you can depend on. Just sayin'
You have missed the biggest cause of the decline in the middle class. The tax advantages of Corporate America and Venture Capitalists has enabled them to take over huge numbers of small businesses all across America. Small business WAS the strength of the American economy and the bulwark of our communities. Dr S. L. Huriwtz
Yes Gentlemen, the game is coming to an end, and the American/ capitalist experiment will teach future generations on how beautifully pure capitalism was, but how crony capitalism destroyed it. Once the corporation were able to buy influence and votes, the politicians fell in line with human nature, and have sold out their families, God and country for greed. I have a pretty good idea on how it ends, as most on this site should, but honestly being prepared for it is so difficult, as deep down inside, it’s so damn hard to believe! Today’s news of releasing another BLM American hating lesbian, for a notorious gun/drug runner pretty much explains how the game is played. American democrats get another idol for their children to learn from, while still getting the guns and drugs into their neighborhoods, to keep them democrats for life, while we the people are driven into poverty, probably creating more democrats…but hopefully not 🇺🇸🇺🇸
What blows my mind is that every financial person including from our government misses the boat!
They always state that real wage increases are the inflation rate minus the raise in wages.
That totally leaves out taxes. If you got a 5% raise, you don’t get to keep 5%. Even if you are in a zero tax bracket, you still lose 7.6% to Social Security and Medicare tax.
Before I retired I was in the 39.6% tax bracket meaning I lost 47.2% of my raise to taxes! So even if inflation were low, I still lost buying power every year.
"Simple math was apparently too much for most reporters."
I think you misspelled "Using simple math and telling the truth might wake up a few more sheep to how consistently destructive and enfeebling the policies of TraitorJoe and the dims in Washington have been, and as is our reality, most of today's "urinalists" will never do anything to throw shade on the Left."
I had a friend in California. He was 3rd generation American. His family emigrated because of Mao. I once complained about my wife’s propensity to just spend. He responded with “Is Your Wife Chinese too?” We only met virtually but we became fast friends!
I keep my wife mindfully aware. So does my new friend. Seems to me we have alot of sheep with no shepherd.
Excellent perspective Mr. Bonner, love it, love it. 😃
Fudge the middle class, getting slaughtered like fatted cows. Easy fix though, downgrade to poor or upgrade to rich.
Very simple, downgrade to poor by not giving a “F” about anything, eat trash, and procreate filth.
Upgrade to rich by becoming a YouTuber and millions of people will like you and make you money hand over fist, then you can eat caviar and pee wine, procreate golden children and live happily ever after. 😀
Stay in the middle and get turned into
ham-boy-ger meat.
Hahaha, J/K, there is one more thing you can do, become delusional and believe that you exist without existing, that you are here without being here. “The art of fighting without fighting”. Lol, I am sure you can apply that to just about anything.
The way large investment fund managers (and I guess A.I. programs) obsess each month over the CPI report of the previous month, it will be major nervous time early next week leading up to next Tues., Dec. 13, at 7:30AM ET when the next CPI report comes out. There seem to be two numbers; i.e., the 7.7 number and the 0.3?/0.4?/0.5? month-by-month number. I assume, with gasoline prices down in Nov., the 7.7 number will drop. But the month-by-month number might not drop or might even go up. Then what will happen in the markets? Nothing I guess. One averages out the other. If they are both low, blast off! If they are both high, oh my gosh! The markets will likely crash. And will they recover anytime soon?
Joel thats scarry ! I wonder what that might look like in North America if it comes to pass. Will they just say inflation is 12% when its closer to 25% ? Maybe Powell will pull a Volcker ? This is insane.
The quoting of inflation rates and wage gains is missing the true impact. Inflated prices for the middle class have to be paid with after tax dollars while wage gains don't reflect the actual take home monies after deductions. It makes the shrink in disposable income much larger than those simple numbers
From experience I would say inflation is at least 20%. Price at grocery store is up closer 60% and I don't eat high on the hog. If it costs too much, don't buy it. Try to save money every day. It won't last forever, but this is a long term swipe at the middle class. Not just to defeat, but to destroy. Heartless, selfish , greedy bastards all. Gold, it is the only lasting hope outside of planting the food you eat and growing what you need to survive. They are going for the jugular this time. Invest wisely and there are ways to grow your wealth. There are good, well run companies that will make you money. Maybe not rich, but turn a profit. I can see the highways overcrowded with stalled electric vehicles. Knowing Americans, this won't last till the water gets hot. Buy a bicycle, it may be the only thing you can depend on. Just sayin'
Don Harrell
You have missed the biggest cause of the decline in the middle class. The tax advantages of Corporate America and Venture Capitalists has enabled them to take over huge numbers of small businesses all across America. Small business WAS the strength of the American economy and the bulwark of our communities. Dr S. L. Huriwtz
Yes Gentlemen, the game is coming to an end, and the American/ capitalist experiment will teach future generations on how beautifully pure capitalism was, but how crony capitalism destroyed it. Once the corporation were able to buy influence and votes, the politicians fell in line with human nature, and have sold out their families, God and country for greed. I have a pretty good idea on how it ends, as most on this site should, but honestly being prepared for it is so difficult, as deep down inside, it’s so damn hard to believe! Today’s news of releasing another BLM American hating lesbian, for a notorious gun/drug runner pretty much explains how the game is played. American democrats get another idol for their children to learn from, while still getting the guns and drugs into their neighborhoods, to keep them democrats for life, while we the people are driven into poverty, probably creating more democrats…but hopefully not 🇺🇸🇺🇸
What blows my mind is that every financial person including from our government misses the boat!
They always state that real wage increases are the inflation rate minus the raise in wages.
That totally leaves out taxes. If you got a 5% raise, you don’t get to keep 5%. Even if you are in a zero tax bracket, you still lose 7.6% to Social Security and Medicare tax.
Before I retired I was in the 39.6% tax bracket meaning I lost 47.2% of my raise to taxes! So even if inflation were low, I still lost buying power every year.
"Simple math was apparently too much for most reporters."
I think you misspelled "Using simple math and telling the truth might wake up a few more sheep to how consistently destructive and enfeebling the policies of TraitorJoe and the dims in Washington have been, and as is our reality, most of today's "urinalists" will never do anything to throw shade on the Left."
More political quibbling from Mr. Bonner...
I had a friend in California. He was 3rd generation American. His family emigrated because of Mao. I once complained about my wife’s propensity to just spend. He responded with “Is Your Wife Chinese too?” We only met virtually but we became fast friends!
I keep my wife mindfully aware. So does my new friend. Seems to me we have alot of sheep with no shepherd.
Excellent perspective Mr. Bonner, love it, love it. 😃
Fudge the middle class, getting slaughtered like fatted cows. Easy fix though, downgrade to poor or upgrade to rich.
Very simple, downgrade to poor by not giving a “F” about anything, eat trash, and procreate filth.
Upgrade to rich by becoming a YouTuber and millions of people will like you and make you money hand over fist, then you can eat caviar and pee wine, procreate golden children and live happily ever after. 😀
Stay in the middle and get turned into
ham-boy-ger meat.
Hahaha, J/K, there is one more thing you can do, become delusional and believe that you exist without existing, that you are here without being here. “The art of fighting without fighting”. Lol, I am sure you can apply that to just about anything.
The way large investment fund managers (and I guess A.I. programs) obsess each month over the CPI report of the previous month, it will be major nervous time early next week leading up to next Tues., Dec. 13, at 7:30AM ET when the next CPI report comes out. There seem to be two numbers; i.e., the 7.7 number and the 0.3?/0.4?/0.5? month-by-month number. I assume, with gasoline prices down in Nov., the 7.7 number will drop. But the month-by-month number might not drop or might even go up. Then what will happen in the markets? Nothing I guess. One averages out the other. If they are both low, blast off! If they are both high, oh my gosh! The markets will likely crash. And will they recover anytime soon?
I’d like to see Bill or Dan comment on that.
Joel thats scarry ! I wonder what that might look like in North America if it comes to pass. Will they just say inflation is 12% when its closer to 25% ? Maybe Powell will pull a Volcker ? This is insane.
I think I was supposed to receive 4 booklets on surviving the Train wreck coming