Collectibles Markets vs Economy - Why does it have to be this way?

[bobbyw8469]

I can't add anything to this conversation without someone making it political. So I won't say anything. However, something HAS to change.

[Snowman]

Originally Posted by bobbyw8469

I can't add anything to this conversation without someone making it political. So I won't say anything. However, something HAS to change.

While some may try to politicize it, it's not really a partisan issue. It wouldn't matter which party is in charge. This is a global issue. Nearly every country is experiencing significant inflation right now. We're actually doing much better than the entire western world with respect to inflation.

[bobbyw8469]

Originally Posted by Snowman

While some may try to politicize it, it's not really a partisan issue. It wouldn't matter which party is in charge. This is a global issue. Nearly every country is experiencing significant inflation right now. We're actually doing much better than the entire western world with respect to inflation.

It kinda does. You do realize gas is a worldwide commodity?? That is why it is a worldwide issue.

[cgjackson222]

Originally Posted by bobbyw8469

It kinda does. You do realize gas is a worldwide commodity?? That is why it is a worldwide issue.

I find your comments puzzling. On the one hand you acknowledge that gasoline is a global commodity, and on the other you blame the current administration for inflation.

When there is worldwide inflation like is going on now, it is difficult to avoid in any country that is involved in the global economy. Gasoline is not the only thing that is part of the global economy--so are many goods.

Everything is relative--and the fact that United States is fairing better than almost every other country in the world with regards to inflation does matter.

[Exhibitman]

Not to derail it completely, but if anyone has ever spent time in Sacramento, the locally-grown food available up there is incredible. My daughter was at UC Davis so I went up there a few times a year, and even the local markets had produce like I've never seen before, even in SoCal. Best fish prep I ever had was a locally caught trout with local seasonal veggies at a place in Sac'to called Grange Restaurant. Kona ia also incredible for fresh stuff. Before I went there the first time, everyone warned me of the high cost of groceries. Not on the local stuff. Besides the farmers markets, I got fish right out of the water an ten bucks a # for sushi-grade stuff, and locally grown grass-fed beef was cheaper than in LA. We ate like kings every night for the price of Mickey D's in a big city.

You may now resume the political bitch-slapping fight.

[bobbyw8469]

Originally Posted by cgjackson222

I find your comments puzzling. On the one hand you acknowledge that gasoline is a global commodity, and on the other you blame the current administration for inflation.

When there is worldwide inflation like is going on now, it is difficult to avoid in any country that is involved in the global economy. Gasoline is not the only thing that is part of the global economy--so are many goods.

Everything is relative--and the fact that United States is fairing better than almost every other country in the world with regards to inflation does matter.

Imagine a game of deal or no deal. You have little money cases. You have big money cases. Let's say Russia and USA are in the top 5 as far as case values...would you agree?? The current administration bragged about doing away with fossil fuels. They have been hamstrung on every opportunity and fitted with cement shoes....on day one, mind you. So our case is off the board. Now Russia's case is off the board due to their war with Ukraine. That is TWO big money cases no longer participating due to being "off the board".........I am trying to make this as an analogy that is easy to understand as to why we are experiencing worldwide inflation. Gas affects us more than you know.......I wish he had gone after cigarettes with the same gusto instead of fossil fuels.

[cgjackson222]

Originally Posted by bobbyw8469

Imagine a game of deal or no deal. You have little money cases. You have big money cases. Let's say Russia and USA are in the top 5 as far as case values...would you agree?? The current administration bragged about doing away with fossil fuels. They have been hamstrung on every opportunity and fitted with cement shoes....on day one, mind you. So our case is off the board. Now Russia's case is off the board due to their war with Ukraine. That is TWO big money cases no longer participating due to being "off the board".........I am trying to make this as an analogy that is easy to understand as to why we are experiencing worldwide inflation. Gas affects us more than you know.......I wish he had gone after cigarettes with the same gusto instead of fossil fuels.

You seem to be under the impression that the US' production of gasoline has cratered. This is simply not the case, with the exception of the first few months of the pandemic when demand sharply reduced.

https://www.eia.gov/dnav/pet/hist/Le...s=MGFUPUS2&f=M

[bobbyw8469]

Originally Posted by cgjackson222

You seem to be under the impression that the US' production of gasoline has cratered. This is simply not the case, with the exception of the first few months of the pandemic when demand sharply reduced.

https://www.eia.gov/dnav/pet/hist/Le...s=MGFUPUS2&f=M

I am saying that Biden has restricted our oil output as much as humanly possible. He cancelled pipelines. Cut off drilling on federal lands. Stopped lease sales. Depleted our reserve. You name it...he has done it......We lost our energy independence under him, which we just recently gained under the last guy.

[SteveMitchell]

Originally Posted by bobbyw8469

I can't add anything to this conversation without someone making it political. So I won't say anything. However, something HAS to change.

Without specifically being political, many problems we are confronting today stem, at least in part, from political action. Inflation itself (which has been debated many times in my lifetime) IS a function of government. Price increases (or decreases) are generally reflections of a free market responding to a distorted money supply which, again, is a function of government or approved agencies (such as the FED). Our elected officials have distanced themselves (to varying degrees for decades) from the U.S. Constitution to the point that today's dollar (quite literally) buys what pennies purchased when T206's were issued. A mere 2% inflation rate devalues our dollars considerably within just a few years and given that the Consumer Price Index (CPI) no longer includes such fundamentals as food and energy, what can such government figures truly mean? If CPI were calculated as it was during an earlier great inflation (the 1970s), the official government numbers would be, as has been mentioned by others, 4X to 5X today's "official" figures.