Convicted One Euclid That real cause is not that capitalists smell money in people’s pockets and move to get their hands on it by price gouging. Well, I guess we'll just have to differ there. I sincerely believe that to be a factor (one among several). Just the knowledge that the trees are full of fruit is enough to get some people kicking themselves unless they are out there picking at sunrise.
Euclid That real cause is not that capitalists smell money in people’s pockets and move to get their hands on it by price gouging.
Well, I guess we'll just have to differ there. I sincerely believe that to be a factor (one among several). Just the knowledge that the trees are full of fruit is enough to get some people kicking themselves unless they are out there picking at sunrise.
Convicted One Euclid Well, you may be right. Maybe this inflation will just fizzle out and end soon. That would certainly be a sweet relief. And I have no idea how much printed money will result in a certain amount of inflation. I probably should have worded my epistle differently. Specific to "unearned income", try telling some rich guy that he's destroying our country with his unearned bounty, and watch him go off on you.
Euclid Well, you may be right. Maybe this inflation will just fizzle out and end soon. That would certainly be a sweet relief. And I have no idea how much printed money will result in a certain amount of inflation.
I probably should have worded my epistle differently. Specific to "unearned income", try telling some rich guy that he's destroying our country with his unearned bounty, and watch him go off on you.
When I refer to unearned money, I to not mean money possessed by people who don't deserve it because they did not earn it. I am refering to money that was not earned by anyone as a way to descibe so-called "printed money" that fundamentally causes inflation because it "inflates" the money supply. So there is no reason for the poor guy or the rich guy to be offended by my reference to people with pockets full of unearned money.
EuclidWell, you may be right. Maybe this inflation will just fizzle out and end soon. That would certainly be a sweet relief. And I have no idea how much printed money will result in a certain amount of inflation.
Murphy SidingI think you're giving too much credit to a government beauracracy. People started shouting "Somebody's gotta do something!" So the FTC says "We'll do something! We'll look into things and get to the bottom of the matter!"
You might be right. But there may be a political survival motive within the current administration. I don't want to go any deeper into that other than to say "failure to respond" could prove problematic in another few years. Even if it's just a pony show, it's better than doing nothing.
But, I really suspect there is some double dealing going on, and if there is I hope the inquiry finds it and deals harshly with the guilty parties.
It's not actually about "printing money" in a cashless society, unless you were saying that repeatedly as a metaphor.
Shadow the Cats owner This is being a sarcastic post here for the most part. But whoever thought shutting down the world's largest economy along with all the trade in the world to basically combat a slightly more severe form of the flu virus was a good thing. The entire world runs on a just in time inventory system that was destroyed. Before someone rips me apart for saying that this is a serious disease my husband lost his mother to it. So who's the best to blame let's start with the media that made this crap into a monster worse than it truly is. Then the blame needs to go onto the leaders of the world that panicked to the point where the people who were fighting it on the front lines saw what worked against it were being ignored by their leaders advisors paid off by the big dollar donors.
This is being a sarcastic post here for the most part. But whoever thought shutting down the world's largest economy along with all the trade in the world to basically combat a slightly more severe form of the flu virus was a good thing. The entire world runs on a just in time inventory system that was destroyed. Before someone rips me apart for saying that this is a serious disease my husband lost his mother to it.
So who's the best to blame let's start with the media that made this crap into a monster worse than it truly is. Then the blame needs to go onto the leaders of the world that panicked to the point where the people who were fighting it on the front lines saw what worked against it were being ignored by their leaders advisors paid off by the big dollar donors.
This March will mark the end of our second Covid year. We are are at 777K deaths now, and by March we should surpass 800K. So: 400K/year.
Over the last ten years, flu deaths have averaged 35K/yr.
So Covid is more than 11 times as fatal as the flu.
(The definition of "slightly" is readily available in dictionaries, btw.)
As for conspiracies, they say that if you want to keep a secret, share it with less than one person. We are to believe that thousands of disparate players all over the world have gotten together and manufactured a fake crisis, and word has not leaked out? Get serious.
I used to be 100% convinced, for like 30 years, that JFK was killed as the result of a right-wing conspiracy. I read at least 25 books on the subject, all supporting, seemingly convincingly, the conspiracy. Finally, I read Vincent Bugliosi's 1500-page book with the opposing view. I had to swallow my pride and admit to a lot of people to whom I had once pontificated about the conspiracy, that the conspiracy in fact never existed.
Sometimes a cigar is just a cigar. Sometimes a supply chain crunch caused by a worldwide pandemic is just a supply chain crunch caused by a worldwide pandemic.
Still in training.
Convicted One Euclid I am only referring to so-called “printed money” which is created with value for which no actual production has been done to justify the instilled value. I get the gist of what you mean by that, and in principle agree with you. But there are so many wealthy people out there who contribute no tangible productive work, yet manage to flourish, ...not to mention all the criminals who do perform substantial work, but none of it productive for anyone but themselves....yet the system trudges on,...so I'm reluctant to agree that $3,200 given to every taxpayer "free" is going to plunder what the above has not. (the damage of spending unearned money)
Euclid I am only referring to so-called “printed money” which is created with value for which no actual production has been done to justify the instilled value.
I get the gist of what you mean by that, and in principle agree with you. But there are so many wealthy people out there who contribute no tangible productive work, yet manage to flourish, ...not to mention all the criminals who do perform substantial work, but none of it productive for anyone but themselves....yet the system trudges on,...so I'm reluctant to agree that $3,200 given to every taxpayer "free" is going to plunder what the above has not. (the damage of spending unearned money)
Convicted One I can't help but to suspect that this is to some degree a created crisis, designed to reap benefits from the "recovery". I could be completely wrong about that, as I said, it's just a personal suspicion. Perhaps it's just a determination by those in the position trying to make up for losses incurred during the lock down.....and it just had a snowball effect. I really can't say for sure. But, in the back of my mind I have to wonder if something like that might be motivating the FTC to investigate. Sort of a "ok, why isn't this problem being solved, and who is benefitting from it?" sort of thing. I realize the naysayers like to lampoon such thinking as necessarily "tin foil hat" type stuff, because doing so makes them feel evolved and accomplished. But, stranger things have happened. Strictly as an aside, I'd think the owners of the transoceanic shipping coumpanies would see it as quite a coup if they somehow managed to eat Walmart's dinner, in a "I'll have some of what he's having" sort of way.
I can't help but to suspect that this is to some degree a created crisis, designed to reap benefits from the "recovery". I could be completely wrong about that, as I said, it's just a personal suspicion.
Perhaps it's just a determination by those in the position trying to make up for losses incurred during the lock down.....and it just had a snowball effect. I really can't say for sure.
But, in the back of my mind I have to wonder if something like that might be motivating the FTC to investigate.
Sort of a "ok, why isn't this problem being solved, and who is benefitting from it?" sort of thing.
I realize the naysayers like to lampoon such thinking as necessarily "tin foil hat" type stuff, because doing so makes them feel evolved and accomplished. But, stranger things have happened.
Strictly as an aside, I'd think the owners of the transoceanic shipping coumpanies would see it as quite a coup if they somehow managed to eat Walmart's dinner, in a "I'll have some of what he's having" sort of way.
Thanks to Chris / CopCarSS for my avatar.
Convicted One Euclid which then materializes as the damage of money that nobody has actually earned. Sure, blame the victim...
Euclid which then materializes as the damage of money that nobody has actually earned.
Sure, blame the victim...
Euclidwhich then materializes as the damage of money that nobody has actually earned.
EuclidThat real cause is not that capitalists smell money in people’s pockets and move to get their hands on it by price gouging.
Convicted One I believe there are "conspiracy nuts", as well as "anti-conspiracy" nuts. And the truth is usually found somewhere in between.
I believe there are "conspiracy nuts", as well as "anti-conspiracy" nuts. And the truth is usually found somewhere in between.
Likewise, I believe that conspiracy theories, like legends, usually have some modicum of truch about them.
Larry Resident Microferroequinologist (at least at my house) Everyone goes home; Safety begins with you My Opinion. Standard Disclaimers Apply. No Expiration Date Come ride the rails with me! There's one thing about humility - the moment you think you've got it, you've lost it...
One thing everyone wants to gloss over - EVERY step in the supply chain has a finite capacity - when operating 'beyond capacity' everything goes slower and costs more as the 'article' will have to have more handling than is necessary when the step is operating within capacity. Multiple links in the chain being stressed beyond each links capacity and we get to watch it taking place in real time.
Each link is 'trying to buy time' in handling what is necessary to be handled - buying time costs money in many different ways and also burns time.
Never too old to have a happy childhood!
Convicted One I can't help but to suspect that this is to some degree a created crisis, designed to reap benefits from the "recovery". I could be completely wrong about that, as I said, it's just a personal suspicion. Perhaps it's just a determination by those in the position trying to make up for losses incurred during the lock down.....and it just had a snowball effect. I really can't say for sure.
I agree in a way. I don't think the "crisis" was created. I think that a perfect storm happened, and the people who should have caught it were not paying attention. That being said, I think many companies have seen that they actually benefit from it. So they are in no hurry to fix the issues.
An "expensive model collector"
Why cannot it be obvious when there are 70+ ocean container ships off shore that there is a problem? Companies are moving from "just in time" ordering to "just in case" ordering vastly increasing their inventories and putting more and more pressure on suppliers and supply chain.
Not just companies...how many of us have stocked our pantries? We have a full freezer and enough food to last several months...but we always do. Life as normal for us, including the 100 home canned jars of vegetables from the garden.
Ed
CMStPnPYou know I participate on NEXT DOOR app from time to time and it is very freakin clear our local Kroger store manager is inept at inventory management yet his employees as well as himself are blaming the pandemic. The idiot keeps running out of easy to obtain products like regular COKE when the stores around him have no issues with stock. Sorry dude IT'S YOU or IT'S KROGER fess up!!!!!
Uh-huh. The wife tells me the shelves at the local Walmart look like something from a former Warsaw Pact country, empty of things not in short supply. So she'll go to the Publix or Kroger and find it there. Publix and Kroger will be out of other things. Then it's back to Walmart.
Shadow the Cats owner There is a saying that people that are incompatent are normally protected by those around them. That is particually true in the retail industry where the good workers are never promoted as they are kept in the trenches so to speak to allow those that fail to get promoted to get them out of the way.
There is a saying that people that are incompatent are normally protected by those around them. That is particually true in the retail industry where the good workers are never promoted as they are kept in the trenches so to speak to allow those that fail to get promoted to get them out of the way.
Oh yeah, something I learned a long time ago. Sometimes if you're too good at your job you'll never get promoted up the ladder because those who'd promote you don't know how they'd replace you!
It doesn't happen everywhere of course, but it happens often enough.
At the conclusion the FTC will find nothing.Just like with gas prices.
Convicted One But yeah, I can even envision a "cause and effect" where suppliers see all that cash in people's pockets, and are competing with one another to see which one of them can soak up the most before their competitors do...that sort of thing. Once in a generation sort of opportunity.
But yeah, I can even envision a "cause and effect" where suppliers see all that cash in people's pockets, and are competing with one another to see which one of them can soak up the most before their competitors do...that sort of thing. Once in a generation sort of opportunity.
CMStPnP BaltACD All crisis are created by 'someone'. The problem is in pealing back the layers of the 'onion' to find the responsibile party(s). As with onions, each layer that is pealed back will make one cry - generally with anger and disgust. Totally agree and the FINGER POINTING on this one issue tells you immediately more than one party is responsible or exacerbating the problem. You know I participate on NEXT DOOR app from time to time and it is very freakin clear our local Kroger store manager is inept at inventory management yet his employees as well as himself are blaming the pandemic. The idiot keeps running out of easy to obtain products like regular COKE when the stores around him have no issues with stock. Sorry dude IT'S YOU or IT'S KROGER fess up!!!!!
BaltACD All crisis are created by 'someone'. The problem is in pealing back the layers of the 'onion' to find the responsibile party(s). As with onions, each layer that is pealed back will make one cry - generally with anger and disgust.
Totally agree and the FINGER POINTING on this one issue tells you immediately more than one party is responsible or exacerbating the problem.
You know I participate on NEXT DOOR app from time to time and it is very freakin clear our local Kroger store manager is inept at inventory management yet his employees as well as himself are blaming the pandemic. The idiot keeps running out of easy to obtain products like regular COKE when the stores around him have no issues with stock. Sorry dude IT'S YOU or IT'S KROGER fess up!!!!!
One thing we have to think about - most stores/organizations utilize some form of computer inventory control - control that is coupled with the Point of Sale terminals for the store. In theory sell a 100 units and then order 100 units, in reality - who knows!
As we most all know from our personal experiences - few people really understand the computer applications that they have to interact with - most especially those involved in 'management' tend to be the least competent among those that have to interact with computer application.
BaltACDAll crisis are created by 'someone'. The problem is in pealing back the layers of the 'onion' to find the responsibile party(s). As with onions, each layer that is pealed back will make one cry - generally with anger and disgust.
Awesome Idea on FTC's part!!!!! Nail those responsible!!!
https://www.youtube.com/watch?v=j_QLzthSkfM
I enjoyed your response, suspect that it's right on the nose. But just to emphasize my intent with branding the crisis as "created", I was thinking along the lines of the root being synthetic, or for purpose. Something happening because somone decided to make it happen, sort of thing.
EuclidMaybe the FTC can make "nimble and timely use of their information-gathering tools" to deepen their understating of the effect of deficit spending inflating the money supply, which is a classic and well known cause of inflation.
I share your sentiment, but lets try to veer away from the political end, doing so will only invite the wrath, etc.
Maybe the FTC can make "nimble and timely use of their information-gathering tools" to deepen their understating of the effect of deficit spending inflating the money supply, which is a classic and well known cause of inflation.
Convicted OneI can't help but to suspect that this is to some degree a created crisis, designed to reap benefits from the "recovery". I could be completely wrong about that, as I said, it's just a personal suspicion. Perhaps it's just a determination by those in the position trying to make up for losses incurred during the lock down.....and it just had a snowball effect. I really can't say for sure. But, in the back of my mind I have to wonder if something like that might be motivating the FTC to investigate. Sort of a "ok, why isn't this problem being solved, and who is benefitting from it?" sort of thing. I realize the naysayers like to lampoon such thinking as necessarily "tin foil hat" type stuff, because doing so makes them feel evolved and accomplished. But, stranger things have happened. Strictly as an aside, I'd think the owners of the transoceanic shipping coumpanies would see it as quite a coup if they somehow managed to eat Walmart's dinner, in a "I'll have some of what he's having" sort of way.
All crisis are created by 'someone'.
The problem is in pealing back the layers of the 'onion' to find the responsibile party(s). As with onions, each layer that is pealed back will make one cry - generally with anger and disgust.
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