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
I was raised in a small town with the local small grocery store owned by 3 brothers and the store supported all 3 families with a modest income. Now we have Krogers owning thousands of stores and profiting $115 million per week. The system is broken.
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 🇺🇸🇺🇸
Racist? Really? Is that the best you can do?? Will you still say that when this piece of human garbage gets back onto the sportsball court and takes a knee for the National Anthem, AGAIN?
If anyone thinks this entitled moron is smart enough to realize it might be a good idea to at least pretend to show some respect for the Country that just rescued you from the deserved consequences of your own stupidity, then I own some oceanfront land in AZ I'm willing to sell you cheap.
You lefties have overused that word to the point where it means next to nothing.
You all are so very tiresome and none too bright...
Lolol, yes my little friend, I admit I despise anti American scum that are destroying this once great land. Call it what you want, but we all see what stupidity, ignorance and evil does to not only America, but the world. Sleep tight knowing your one of the above, and a true racist, as you despise anything good 😊
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."
In the words of the great Rush Limbaugh (I'm paraphrasing here):
"Compromise with the Democrats means we do things THEIR way."
Sorry, that train has left the station for me. No Compromise, No Quarter. The attitude you are espousing is precisely what has gotten us into the sh*tstorm we are in - doing things the way the dims demand because of "Bipartisanship." Maybe that used to be an option - before the dimocrat party leadership and "academia" was hijacked by perverts, communists, criminals and degenerates.
If we are going to fix this mess we have to toughen up, stand up and never back down on our Principles again...
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.
My brother, who is a FERS (Federal Employee Retirement System) retiree, will receive a cost of living (COLA) adjustment to his pension of 7.7% in 2023. Meanwhile, having a private pension from my employer, I will receive a COLA of 0% in 2023 and beyond. What a racket!
My union pension plus social security provides me a comfortable retirement.
Americans don't know how to sacrifice like older generations did. The rationing after WWII in Europe, the Great Depression, or the cut backs during WWII here in the USA made people strong now people whine and cry if there are a few empty shelves in the grocery store. Go ask the Ukrainians about empty store shelves.
Whatever y'all do, don't anybody research the last 50-year history of performing a PHYSICAL AUDIT of the Gold "in" Ft. Knox, or the Gold "stored" at FBNY...
I remember very well reading about this. According to BullionStar: “On the afternoon of Monday, August 21, US Treasury Secretary Steven Mnuchin, Senate Majority Leader Mitch McConnell, Kentucky Governor Matt Bevin, and Kentucky Congressman Brett Guthrie took a visit to the vault of the US Mint’s gold depository in Fort Knox, Kentucky, a vault which, according to the US Treasury, holds gold bars containing 147,341,858 fine troy ounces of gold (4583 tonnes of gold).
The trip was notable in that it is one of the rare occasions in history that a US political/congressional delegation has ever visited the Fort Knox depository, and Mnuchin is now only the 3rd treasury secretary ever to make this visit.”
Very important though, and it stands to reason, only one compartment was checked.
I remember it as well. And if by "checked" you meant they stood outside the open door of a small room containing what looked like stacked bars of Gold while the "media" snapped a bunch of pictures, ok - "checked" it is. Then the door slammed shut, no other compartments were opened , and the audit was declared complete. Surprise - all 4583 tons is there alright, just like our government says it is.
For you "Conspiracy Theorists" out there who somehow keep being proved 100% correct - try to find any info left on the interwebs about what happened in the mid-90's when BillyBob Clinton authorized several pallets of "Gold" from Ft. Knox be sent over to China to pay for one debt or another. It was a GREAT photo-op - stacks and stacks of shiny Gold bars, perfectly lined up and gleaming. The delivery was ALL OVER THE MEDIA.
A couple of days later the Chinese actually drilled into several of the bars, and,
rut-roh...
The story (with pictures) of what they discovered was on the internet for precisely one day. But "conspiracy theorists" are out there re-posting the original media reports even to this day. Unfortunately to verify any of this would require a person to think for themselves, be open to the possibility that what they "know" may be totally wrong, and do a bit of research on their own.
Yeah, I know. Ain't gonna hold my breath. It's just so much easier to believe Ft. Knox is full of Gold, right?
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
Hi Don -
Maybe get a dog too. You can always depend on your dog...
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
I was raised in a small town with the local small grocery store owned by 3 brothers and the store supported all 3 families with a modest income. Now we have Krogers owning thousands of stores and profiting $115 million per week. The system is broken.
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 🇺🇸🇺🇸
Racist.
Racist? Really? Is that the best you can do?? Will you still say that when this piece of human garbage gets back onto the sportsball court and takes a knee for the National Anthem, AGAIN?
If anyone thinks this entitled moron is smart enough to realize it might be a good idea to at least pretend to show some respect for the Country that just rescued you from the deserved consequences of your own stupidity, then I own some oceanfront land in AZ I'm willing to sell you cheap.
You lefties have overused that word to the point where it means next to nothing.
You all are so very tiresome and none too bright...
Lolol, yes my little friend, I admit I despise anti American scum that are destroying this once great land. Call it what you want, but we all see what stupidity, ignorance and evil does to not only America, but the world. Sleep tight knowing your one of the above, and a true racist, as you despise anything good 😊
The only anti American scum I have seen tore our Capitol apart on Jan 6th trying to destroy this great land.
Your first mistake is believing anything you hear on Fox the entertainment channel.
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.
Even worse if you live in a state with a high state income tax rate like California!
"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...
In the words of the great Rush Limbaugh (I'm paraphrasing here):
"Compromise with the Democrats means we do things THEIR way."
Sorry, that train has left the station for me. No Compromise, No Quarter. The attitude you are espousing is precisely what has gotten us into the sh*tstorm we are in - doing things the way the dims demand because of "Bipartisanship." Maybe that used to be an option - before the dimocrat party leadership and "academia" was hijacked by perverts, communists, criminals and degenerates.
If we are going to fix this mess we have to toughen up, stand up and never back down on our Principles again...
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
My brother, who is a FERS (Federal Employee Retirement System) retiree, will receive a cost of living (COLA) adjustment to his pension of 7.7% in 2023. Meanwhile, having a private pension from my employer, I will receive a COLA of 0% in 2023 and beyond. What a racket!
My union pension plus social security provides me a comfortable retirement.
Americans don't know how to sacrifice like older generations did. The rationing after WWII in Europe, the Great Depression, or the cut backs during WWII here in the USA made people strong now people whine and cry if there are a few empty shelves in the grocery store. Go ask the Ukrainians about empty store shelves.
Hey PG -
There's still Gold in Ft. Knox you say?
Whatever y'all do, don't anybody research the last 50-year history of performing a PHYSICAL AUDIT of the Gold "in" Ft. Knox, or the Gold "stored" at FBNY...
I remember very well reading about this. According to BullionStar: “On the afternoon of Monday, August 21, US Treasury Secretary Steven Mnuchin, Senate Majority Leader Mitch McConnell, Kentucky Governor Matt Bevin, and Kentucky Congressman Brett Guthrie took a visit to the vault of the US Mint’s gold depository in Fort Knox, Kentucky, a vault which, according to the US Treasury, holds gold bars containing 147,341,858 fine troy ounces of gold (4583 tonnes of gold).
The trip was notable in that it is one of the rare occasions in history that a US political/congressional delegation has ever visited the Fort Knox depository, and Mnuchin is now only the 3rd treasury secretary ever to make this visit.”
Very important though, and it stands to reason, only one compartment was checked.
https://www.bullionstar.com/blogs/ronan-manly/mnuchins-pr-visit-fort-knox-proves-nothing-us-gold-reserves/
Because, politicos... are not tough auditors.
Hi Loic -
I remember it as well. And if by "checked" you meant they stood outside the open door of a small room containing what looked like stacked bars of Gold while the "media" snapped a bunch of pictures, ok - "checked" it is. Then the door slammed shut, no other compartments were opened , and the audit was declared complete. Surprise - all 4583 tons is there alright, just like our government says it is.
For you "Conspiracy Theorists" out there who somehow keep being proved 100% correct - try to find any info left on the interwebs about what happened in the mid-90's when BillyBob Clinton authorized several pallets of "Gold" from Ft. Knox be sent over to China to pay for one debt or another. It was a GREAT photo-op - stacks and stacks of shiny Gold bars, perfectly lined up and gleaming. The delivery was ALL OVER THE MEDIA.
A couple of days later the Chinese actually drilled into several of the bars, and,
rut-roh...
The story (with pictures) of what they discovered was on the internet for precisely one day. But "conspiracy theorists" are out there re-posting the original media reports even to this day. Unfortunately to verify any of this would require a person to think for themselves, be open to the possibility that what they "know" may be totally wrong, and do a bit of research on their own.
Yeah, I know. Ain't gonna hold my breath. It's just so much easier to believe Ft. Knox is full of Gold, right?