Talk of The Villages Florida - View Single Post - How to control Inflation
Thread: How to control Inflation
View Single Post
 
Old 06-16-2021, 01:31 PM
Aces4 Aces4 is offline
Soaring Eagle member
Join Date: Dec 2015
Posts: 2,434
Thanks: 1,143
Thanked 2,483 Times in 1,063 Posts
Default
Quote:
Originally Posted by sail33or View Post
Oil has gone from $42 to $72 a barrel. The cost of OIL is in everything. Nothing is made or transported without Oil in some way.

When you squeeze something or legislate against something it goes up in Value.

The interest rate on CD's is .005 percent. This is artificially keeping the Stock Market going using retirees money.

Just look at the jump in the price of houses in The Villages to see inflation going wild.

Oil/Natural Gas will continue to rise and there is going to be wailing and gnashing of teeth soon. We have not seen Inflation like what is on the way. All deserved and justified. Your house value might make you smile but when you drive to Walmart and it costs $100 to fill your tank and $500 grocery bill you are not going to last long.

What can you do? Buy Exxon Stock.

The Oil Man
THIS! The USA economy is in a tailspin. The propped up, overvalued stock market is the darling of politicians and no one wants to pull the plug on this ponzi scheme lest they lose votes. Borrowed money needs to have a reasonable price tag, free money begets inflation. Interest rates need a floor and I fear there is a storm coming that people won’t be able to comprehend. They will be shocked out of their materialistic mindsets.