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In reply to the discussion: Is it just possible that a good portion of the "inflstion" we are hearing about daily is [View all]Johnny2X2X
(19,024 posts)16. Bingo, this is GLOBAL INFLATION
It is GLOBAL INFLATION!
Argentina has 50% inflation.
UK 10%
Canada 7.6%
Turkey is at 80% inflation, can you imagine the crisis if that happened in the US?
US dropping to about 8% seems like we're right in the middle for developed countries.
And you've got legit hyper inflation in Venezuela right now.
This is a global issue, the more Dems say "Global inflation", the better off we'll be. The Biden administration is doing everything possible to ease inflation, but they can't do a whole lot to ease the pressures on supply chains in China, India, and other Asian countries.
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Is it just possible that a good portion of the "inflstion" we are hearing about daily is [View all]
Atticus
Sep 2022
OP
Yes, and the problem with the FED continuing to increase interest rates is that it does not
Lonestarblue
Sep 2022
#32
Yep. Virtual cartels control so many key industries now that they can manipulate prices.
TheRickles
Sep 2022
#25
I know it is. Of course it is. All other so called explanations are mega woo BS
Roisin Ni Fiachra
Sep 2022
#27
Some but not most. This was going to happen no matter WHO won the presidency.
oldsoftie
Sep 2022
#30
mega-corporations spiking their prices in an effort to defeat more Democrats?
Person of Interest
Sep 2022
#44
One minute Joe is a big spending Socialist, next minute he's a Predatory Capitalist raising prices.
Emile
Sep 2022
#54
REMINDER: Every Single House Republican Voted Against Efforts to Lower Gas Prices
Botany
Sep 2022
#50
If we're not just running against Republicans, but also against mega-corporations and the media
Mr. Ected
Sep 2022
#51
I see it more like trying to recoup what business lost during pandemic. The biggest
txwhitedove
Sep 2022
#56