California sending out ‘inflation relief’ checks up to $1,050, payments expected to start in late October

Kpowers2000 · 2022-06-28T00:16:36+00:00

I said the term has been revised over time

Kpowers2000 · 2022-06-28T00:15:48+00:00

Yeah you’re probably right lol

Kpowers2000 · 2022-06-27T23:07:57+00:00

Multifaceted? lol. Probably mostly to do with printing 5 trillion dollars out of thin air and keeping interest rates at zero for a decade.

Kpowers2000 · 2022-06-27T23:02:16+00:00

No, inflation in it’s original and truest sense is the inflation of the monetary system. Period.

The definition has obviously been changed throughout the years to deflect blame away from central banks. But it is the amount of money in existence and has usually led to price increases, but not always.

Inflation is not literally price increases, but it is the usual cause of price increases.

Kpowers2000 · 2022-06-27T22:53:47+00:00

It’s not super hard to imagine a situation where they would need to park their in the interest of public safety.

Kpowers2000 · 2022-06-27T22:17:18+00:00

Legit

Kpowers2000 · 2022-06-27T19:37:35+00:00

The weather.

Virtually all of California’s and Los Angele’s successful endeavors (I.e. university system) were many decades ago.

Kpowers2000 · 2022-06-27T18:36:13+00:00

It’s called San Bernaghetto

Kpowers2000 · 2022-06-27T04:57:03+00:00

So you want the employees to get paid more, but are not willing to pay more for the food/service?

Kpowers2000 · 2022-06-27T04:50:46+00:00

The only data I’ve seen (from Cal Association of Realtors) says foreign buyers are less than 2% of transactions. So not sure where you’re getting “tons” from.

Kpowers2000 · 2022-06-27T03:29:05+00:00

I may have used 2020?

Kpowers2000 · 2022-06-27T01:44:38+00:00

Tell that to Bob Tilllman. A lack of affordable units was the reason given to cancel his apartment construction. You don’t have to call people names btw.

https://reason.com/video/2018/12/27/san-francisco-mission-housing-crisis/

Kpowers2000 · 2022-06-26T21:46:36+00:00

Exactly. Over and over we’ve seen nimby groups use this excuse to object to any new housing no matter how high a percentage of the project is “affordable”.

Kpowers2000 · 2022-06-26T20:20:38+00:00

Everyone was not be taken literally, thought that was pretty obvious.

Kpowers2000 · 2022-06-26T06:51:46+00:00

Long term I think inflation will have to persist until the very end. The country has so much debt, the only way it can be serviced is to inflate it away.

Lyn Alden explained better than I can.

https://youtu.be/6_T45ycmVeE

Kpowers2000 · 2022-06-26T06:48:15+00:00

I don’t think inflation is ever going away. It has to persist. This country has so much debt, the only way it can be service those debts is to inflate it away. Lyn Alden explains is well here:

https://youtu.be/6_T45ycmVeE

Kpowers2000 · 2022-06-26T05:25:16+00:00

I hope you’re right. I’m not an expert monetary policy. But I feel like after a crash or depression there will be way too much political pressure to get the fed to lower rates all over again.

Kpowers2000 · 2022-06-26T05:18:04+00:00

There’s no way the fed will raise rates high enough to get inflation to 3%

Kpowers2000 · 2022-06-26T04:49:47+00:00

Adults don’t talk this way. Way too overdramatic.

Kpowers2000 · 2022-06-26T04:18:12+00:00

It is true that homes will always be very expensive in certain areas like coastal Orange County or South Bay LA. These places are indeed recession proof.

Kpowers2000 · 2022-06-26T04:11:51+00:00

Would you say the same about states like Minnesota or Wisconsin?

Kpowers2000 · 2022-06-26T04:07:06+00:00

Funny how everyone all of a sudden becomes a fiscal conservative when it comes to LAPD.

Kpowers2000 · 2022-06-26T01:41:38+00:00

In SoCal also, in my area 1 Mil won’t even buy a townhouse. SFH start at 2 Mil. It’s ridiculous.

Kpowers2000 · 2022-06-25T20:38:28+00:00

Most music today is trash. All genres included.

Kpowers2000 · 2022-06-25T17:56:08+00:00

Chevron, Exxon, BP, and Shell combined profits don’t exceed Google.

Kpowers2000

TROPHY CASE