I'm surprised there's not an inflation thread yet
POSTED BY: 6IXSTRINGJACK
UPDATED: Thursday, June 11, 2026 17:04
VIEWED: 37356
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Quote:
Originally posted by second:Quote:These are the prices in Europe in the form of graph. Take note that the first peaks are in 2021. Biden had zero control over those prices (remember, it is Europe)
Originally posted by 6IXSTRINGJACK:
Incorrect. Joe Biden*, his administration and state level Democrats caused all of these inflationary problems by fucking up the world chain of events and bringing the worldwide 6-sigma machine to its knees. And by its very nature, there is no contingency plan for 6-sigma.
EVERYTHING that is a problem right now lands squarely on US Democrats and other world leaders who followed them down into the abyss.
Fuck Joe Biden*. Fuck Democrats.
What part of GLOBAL ECONOMY AND 6-SIGMA DON'T YOU UNDERSTAND, RETARD.
Joe Biden's administration, and the Leftist world leaders who followed him both through worldwide and unnecessary COVID lockdowns followed by another fucking forever proxy war through the Ukraine are absolutely responsible for every single fucking problem with the world economy today.
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Growing up in a Republic was nice... Shame we couldn't keep it.
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RE 2021 EU gas prices
Quote:
Surging 2021 European Gas Prices – Why and How?
This Comment discusses the surge in gas prices in Europe in 2021, breaking down the various drivers in three phases. In Q1 the cold northern h emisphere winter weather and supply constraints from European production tightened the market, but the impact on TTF prices was muted since European storage was in good shape and could relatively easily accommodate the increased withdrawals. In the summer, strong Asian, as well as Central and South American demand for LNG combined with continued supply constraints for LNG and European production meant that Europe was unable to restock at anywhere near a normal rate. Upward pressure began to build on TTF prices. The real shock to the market, however, came in Q4 when gas flows from Russia along the Yamal Europe route dropped sharply to less than a third of normal levels. The lower Yamal Europe flows tipped the market over the edge and rather than TTF prices being in the $15 to $20 per MMBtu range – still very high by historical standards – they rose to $30 or above and averaged almost $27/MMBtu for the whole of Q4.
https://www.oxfordenergy.org/publications/surging-2021-european-gas-pr
ices-why-and-how/
SECOND misstates the reason for high prices. If producers could simply charge whatever got into their heads, bread would be $500 dollar a loaf and gasoline would be $599/gallon.
Even cartels respond to supply and demand. The demand for some things is relatively inflexible (yanno, like blood for transfusion. There's no substitute and going without means someone dies.) but there's both short term and long term wiggle room for energy. Europe has come to the limit of its wiggle room.
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Pity would be no more,
If we did not MAKE someone poor - William Blake
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Quote:Sellers know it perfectly well, and you should, too, that prices are constrained by how much money the buyers have, not by the greed of sellers. How does that work? About half the buyers in the world, the ones that have a net worth of around zero, only understand the constraints on themselves when there is nothing in their bank accounts. But as soon as those zero net worth buyers get a paycheck, they forget limits and spend everything, once again.
Originally posted by SIGNYM:
SECOND misstates the reason for high prices. If producers could simply charge whatever got into their heads, bread would be $500 dollar a loaf and gasoline would be $599/gallon.
In a perfect world for sellers, but not for buyers, prices would be uniquely set for each buyer. Rich buyers would pay a higher price than poor buyers. But for commodities like natural gas, the sellers are stuck with a completely unfair system where everyone pays the same price. What is really unfair for sellers is when companies that buy huge amounts of natural gas actually can force a seller to discount the price. But that only happens when the buyer understands how prices are set. Signym, you fail to understand, as I suspect you always will. You and 6ix are no smarter about how inflation really works than somebody who has nothing in the bank.
Everywhere in the world, this system of price inflation works to transfer wealth upward toward the wealthy. Fortunately for the wealthy, most people can't or won't understand the system and therefore it will keep working as the wealthy intend it to.
About half of America has zero net wealth
https://www.marketplace.org/2014/04/21/about-half-america-has-zero-net
-wealth/
The bottom half of American families hold just 2% of the country's wealth — while the top 1% of families have a third
https://www.businessinsider.com/bottom-half-americans-hold-2-percent-w
ealth-richest-have-third-2022-9
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly
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Quote:Sellers know it perfectly well, and you should, too, that prices are constrained by how much money the buyers have, not by the greed of sellers.
Originally posted by second:Quote:
Originally posted by SIGNYM:
SECOND misstates the reason for high prices. If producers could simply charge whatever got into their heads, bread would be $500 dollar a loaf and gasoline would be $599/gallon.
Then why do you keep posting otherwise? You're undercutting your previous aguments- again. That's why I don't read past your first couple of sentences, if that: 'cause I know it's just pointless trolling.
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Pity would be no more,
If we did not MAKE someone poor - William Blake
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Quote:Signym, you have written variations of this same comment hundreds of times, maybe even a thousand times. It goes something like this: You won't read this/you can't understand that/you feel that you are being trolled. Maybe there is something wrong with you, Signym, just like there is something obviously wrong with Russia, which you support in its battle against Ukraine. Get your brain fixed, Signym, and then you will prosper economically as I have. If you don't, you won't prosper as Russia hasn't in comparison to just about any country in the EU.
Originally posted by SIGNYM:
Then why do you keep posting otherwise? You're undercutting your previous aguments- again. That's why I don't read past your first couple of sentences, if that: 'cause I know it's just pointless trolling.
Signym, did you make it all the way to the end of that paragraph? Or did you quit after two sentences because it made you feel uncomfortable?
To explain what is wrong with Russia, Signym or 6ix in the fewest words: all these entities have a superiority complex without superior performance. The cure is to both improve your performance to make it more like your beliefs and lower your estimation of yourself. But what I expect will happen is that Russia will continue to blame the US, UK and EU for Russia's poor performance and 6ix will blame the Democrats and Signym will blame whoever is convenient, other than Signym.
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly
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Quote:Then why do you keep posting otherwise? You're undercutting your previous aguments- again. That's why I don't read past your first couple of sentences, if that: 'cause I know it's just pointless trolling.
Originally posted by SIGNYM:Quote:Sellers know it perfectly well, and you should, too, that prices are constrained by how much money the buyers have, not by the greed of sellers.
Originally posted by second:Quote:
Originally posted by SIGNYM:
SECOND misstates the reason for high prices. If producers could simply charge whatever got into their heads, bread would be $500 dollar a loaf and gasoline would be $599/gallon.
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Pity would be no more,
If we did not MAKE someone poor - William Blake
That's all Second does here.
Everything Second says contradicts anything else Second says.
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Growing up in a Republic was nice... Shame we couldn't keep it.
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The U.S. Consumer Is Starting to Freak Out
https://www.msn.com/en-us/money/markets/the-us-consumer-is-starting-to
-freak-out/ar-AA16TXRy
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Growing up in a Republic was nice... Shame we couldn't keep it.
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Quote:
Originally posted by SIGNYM:
SECOND misstates the reason for high prices. If producers could simply charge whatever got into their heads, bread would be $500 dollar a loaf and gasoline would be $599/gallon.
SECOND: Sellers know it perfectly well, and you should, too, that prices are constrained by how much money the buyers have, not by the greed of sellers.
SECOND, previous post
Quote:
Biden had zero control over those prices (remember, it is Europe) but the oil/gas companies had complete control.
That wasn't the first or even the third time that you posted that producers are in complete control and can charge whatever they want.
Your brain, SECOND... it's broken.
-----------
Pity would be no more,
If we did not MAKE someone poor - William Blake
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Quote:
Originally posted by SIGNYM:Quote:
Originally posted by SIGNYM:
SECOND misstates the reason for high prices. If producers could simply charge whatever got into their heads, bread would be $500 dollar a loaf and gasoline would be $599/gallon.
SECOND: Sellers know it perfectly well, and you should, too, that prices are constrained by how much money the buyers have, not by the greed of sellers.
SECOND, previous postQuote:
Biden had zero control over those prices (remember, it is Europe) but the oil/gas companies had complete control.
That wasn't the first or even the third time that you posted that producers are in complete control and can charge whatever they want.
Your brain, SECOND... it's broken.
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Pity would be no more,
If we did not MAKE someone poor - William Blake
Don't forget that in the same breath he will also blame non-rich people for being non-rich too.
Second is what happens when you have no core beliefs coupled with a complete lack of a moral compass.
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Growing up in a Republic was nice... Shame we couldn't keep it.
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The purpose of America's top 1% richest is to take as much money as the lower 99% will allow. Surveys show that the 1% are getting better each year at achieving their purpose:
The share of Americans who say they live paycheck-to-paycheck climbed last year, and most of the new arrivals in that category were among the country’s higher earners, a new study shows.
Some 64% of US consumers — equivalent to 166 million people — were living paycheck-to-paycheck at the end of 2022, according to the survey by industry publication Pymnts.com and LendingClub Corp.
That’s an increase of 3 percentage points from a year earlier, or 9.3 million Americans. And out of that group, some 8 million were people earning more than $100,000 a year. More than half of that income cohort said they lived paycheck-to-paycheck in December, up 9 percentage points from a year earlier.
Almost Two Thirds of US Consumers Living Paycheck-to-Paycheck
Source: PYMNTS and LendingClub
Note: Survey of 3,989 U.S. consumers conducted from Dec. 8 to Dec. 23, 2022
https://www.bloomberg.com/news/articles/2023-01-30/even-on-100k-plus-m
ore-americans-live-paycheck-to-paycheck
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly
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