What caused our inflation to be 7%?

[TOM4CWB]

I saw an interesting interview on BNN today:

Jay Hatfield made the case that the money expansion and high energy shock prices made up close to 5% of our inflation numbers…

The BOC and US Fed… by raising interest rates…. Will not lower this segment of the increased inflation…

Obviously the Russian Ukraine War created much of this shock inflation…

The Hawkish central bankers have become political without consideration for the middle class and small business… just as during the Pandemic… the forced shutdown of small business… while favouring large integrated corporate interests… has redrawn the business landscape in Canada.

Where this radical dysfunctional economic policy leaves many Canadians… is simply another blow to our families and particularly rural communities.

The Carbon tax is no different.

EV transportation for most in rural communities is unaffordable… impractical… and an unfair tax on families.

Blessings and Salutations

[TOM4CWB]

[biglentil]

The consumer price index maybe 7%, but inflation is the expansion of money supply. Like many definitions in recent years changed to suit an agenda.

Canada’s broad money supply (M2++) has been expanding rapidly. In October, it reached $4.28 trillion, up 9.9% from the year before. Recent peak annual growth reached 14.4 % in February 2021, and it was the biggest surge since May 1980.

Lets look at the consumer price index using 1980 methodology that weighted cost of living and energy more heavily than things like the latest gadget. Cpi is higher now than its previous peak in 1980 all things equal.

[TOM4CWB]

The bank of Canada is a follower… currency balance is important to them… the US Fed is leading the change… with the midterm elections over in the US… the pressure to moderate inflation… a rational person would think… should be reduced.

How much rational logic is in play… is a good question….

In the end… Mother Nature… food supply with 8Billion people to feed….. the one track political “New Green Religious “ cult apparently is driving the bus… which apparently is going to pressure soy and corn biofuels to blend up fossil fuels… could put a new bottom in the grain markets in EU/North America.

Asia (China and India) so far is less hypnotized by Climate Change… Africa getting the left over grain…

Interesting times!!



Putin holds the balance of power… what his personal pride does… certainly is the wild card to volatility!

[tweety]

Pretty simple, every company is charging more, a lot more. It was time to do this as common people were having too much disposable income and supply issues were the perfect excuse. Money is for the rich, not the peasants. They know you will keep buying no matter the price.

Which is why not a single government worldwide can either stop it, or control it or even wants to for that matter. Not even PP.

[Old Cowzilla]

Seems to me a lot of people had enough money to get the product out the door but its not paid for yet.

[AlbertaFarmer5]

Pretty simple, every company is charging more, a lot more. It was time to do this as common people were having too much disposable income and supply issues were the perfect excuse. Money is for the rich, not the peasants. They know you will keep buying no matter the price.

Which is why not a single government worldwide can either stop it, or control it or even wants to for that matter. Not even PP.

And now who is the conspiracy theorist?

[tweety]

And now who is the conspiracy theorist?

Not a conspiracy. Ask your buddy Gaylon Weston how much more his company is making this year over last year. Look at the profit margin of almost any company since "inflation" became a "problem".

[AlbertaFarmer5]

Not a conspiracy. Ask your buddy Gaylon Weston how much more his company is making this year over last year. Look at the profit margin of almost any company since "inflation" became a "problem".

Does that mean that all of us farmers are also in collusion since we have raised our prices so much over the same period of time?
You must go to the same economic school as chuck.
How your energy costs, ER raw material costs, higher CO2 taxes on absolutely everything, how your financing costs, higher labor costs, higher regulatory costs, higher uncertainty with shutdowns and supply chain surprises, had nothing to do with prices going up. It was all about collusion and agreed of business owners of course.
And razor thin profit margins that are acceptable in a stable business environment can be profitably maintained during inflationary volatile unpredictable economic times, when government intervention can sideswipe business plans without notice.

[tweety]

Does that mean that all of us farmers are also in collusion since we have raised our prices so much over the same period of time?
You must go to the same economic school as chuck.
How your energy costs, ER raw material costs, higher CO2 taxes on absolutely everything, how your financing costs, higher labor costs, higher regulatory costs, higher uncertainty with shutdowns and supply chain surprises, had nothing to do with prices going up. It was all about collusion and agreed of business owners of course.
And razor thin profit margins that are acceptable in a stable business environment can be profitably maintained during inflationary volatile unpredictable economic times, when government intervention can sideswipe business plans without notice.

Bullshit razor thin. Look at practically every business financials. What do you see? Is Shell suffering? Is John Deere? AutoZone profits jumped 13%. Hostess 12%. Most companies with record profits.

George Weston Limited reported net earnings of shareholders at $889 million, an increase of $651 million, or 273.5%, citing “the favourable year-over-year net impact of adjusting items totaling $563 million.”

Share prices also up 30%.

Still sleeping through this are ya?

[TOM4CWB]

Motivation is an interesting perspective to observe…

Warren Buffet is giving away all his assets before or upon his death.

What we treasure in our hearts… motivates our purpose…

Individual responsibility is an interesting and amazing opportunity to share our blessings with the world!
Cheers

[errolanderson]

Don’t look now media, but asset prices are now dropping, including food. Grocery margins have been exceptional . . . .

[Old Cowzilla]

Does that mean that all of us farmers are also in collusion since we have raised our prices so much over the same period of time?
You must go to the same economic school as chuck.
How your energy costs, ER raw material costs, higher CO2 taxes on absolutely everything, how your financing costs, higher labor costs, higher regulatory costs, higher uncertainty with shutdowns and supply chain surprises, had nothing to do with prices going up. It was all about collusion and agreed of business owners of course.
And razor thin profit margins that are acceptable in a stable business environment can be profitably maintained during inflationary volatile unpredictable economic times, when government intervention can sideswipe business plans without notice.

One thing we do know farmers not in collusion ( stabbing each other in back sometimes ) we just got what market would pay at the time. Price takers not makers grain prices had there own toilet paper moment and the party is coming to an end. Buts its quite clear the Westins of the country passed on carbon tax to the public but thats OK cause everbody thinks pretty boy will cut you a check for the difference. Just give me $5 back for that $10 and we will be ok.

[jazz]

Sounds like a little socialist crusade developing in here.

Inflation is a monetary phenomenon, nothing more. Has nothing to do with Putin. Inflation never went above 2% during the 2 Iraq wars. It has to do with money printing being thrown about into non productive areas. More than $7T was printed up in the US. Close to $30T world wide just to keep the flu bug at bay.

Stop blaming corporations, they simply rolled with the idiotic policies. Your local carpenter and coffee shop have marked things up just as high as Weston did.

Everybody knows the way to beat the bank is to own the bank. Buy up Westons and JD shares and ride the gouge if you think thats whats happening.

Or should we vote NDP instead.

[Partners]

Correct Jazz small towns prices have increased since 1 yr ago.
Only thing is they are not very busy now..