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Let's Find A Scapegoat To Mask The Reason And Deflect The Blamewww.cnbc.com/2024/08/07/2024-election-inflation-grocery-prices-a-top-issue.html
915 sats \ 47 comments \ @siggy47 8 Aug econ
Elizabeth Warren is writing threatening letters rather than looking in the mirror.
On Monday, Sens. Elizabeth Warren, D-Mass., and Bob Casey, D-Pa., sent a letter to Kroger CEO Rodney McMullen that questioned the grocer’s rollout of electronic shelf labels, arguing the technology could make it easier to increase the price of high-demand items.
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67 sats \ 0 replies \ @IamSINGLE 8 Aug
Politicians scam people by pretending as social workers and here you present a good example of it.
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54 sats \ 0 replies \ @TheMorningStar 8 Aug
Ohh! Great to see that politicians are sane everywhere! When they have nothing else to do they start deflecting Blame.
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54 sats \ 30 replies \ @Undisciplined 8 Aug
How dare a business do something with their own property that makes operating their business easier?
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123 sats \ 29 replies \ @Satosora 8 Aug
I remember making labels when I was younger. Took forever changing them all out!
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108 sats \ 28 replies \ @Undisciplined 8 Aug
It's been a long recognized friction in price inflation. Usually referencing restaurant menus, rather than store tags, but it's the same idea.
The inflation scam is that they get new money to their cronies before prices have time to adjust.
Faster adjusting prices directly undermine that scam.
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90 sats \ 23 replies \ @Satosora 8 Aug
I guess that is true. I just never got the idea of printing money and buying gold. Seems counter intuitive.
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31 sats \ 22 replies \ @Undisciplined 8 Aug
Who's buying gold?
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38 sats \ 21 replies \ @Satosora 8 Aug
China, russia, india, the us.
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85 sats \ 20 replies \ @Undisciplined 8 Aug
Is the US buying gold?
Those other countries are trying to protect themselves against US inflation. Most of their currency reserves had been US Treasuries.
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80 sats \ 14 replies \ @Satosora 8 Aug
US is always buying gold. Just not massive amounts like India and China.
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63 sats \ 4 replies \ @Coinsreporter 8 Aug
Not true for India. India buys Gold for two reasons. One because our woman love it too much. We have exceptional demand for gold. Second, which is important, India still follows Gold Standard partially.
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27 sats \ 3 replies \ @siggy47 OP 8 Aug
I remember Zimbabwe stories where prices get changed on the blackboard while you're shopping in the store.
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43 sats \ 2 replies \ @Undisciplined 8 Aug
It's complete madness.
People think Bitcoin is volatile.
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29 sats \ 1 reply \ @Satosora 8 Aug
Just imagine when it is stable and fiat is the one that is volatile.
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0 sats \ 0 replies \ @Undisciplined 8 Aug
Zimbabwe had fiat. It was volatile.
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67 sats \ 0 replies \ @Coinsreporter 8 Aug
Blame game will continue forever. The politicians never want to let the people think about reality.
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43 sats \ 0 replies \ @DawnoftheDead 9 Aug
They are spreading conspiracy theories
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43 sats \ 0 replies \ @TheWildHustle 8 Aug
It must be more than just, run of the mill cognitive dissonance, that plagues these guys.
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43 sats \ 0 replies \ @Zzzzzzzzzzzzzzzzzzzzzzzzz 8 Aug
lol haha omg yup gotta blame someone especially big corporate ahh man the show goes on this made my day i tell ya....lol in other news 2024 i keep hearing is the year of exposure we are seeing alot of these scapegoats come to surface like an Epstein, Diddy, etc. So much activity happening this year and I only believe it will get crazier the closer we get to the elections
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43 sats \ 3 replies \ @grayruby 8 Aug
He should have replied "actuallllllllly it makes it easier to lay people off". Doing price changes is a laborious task.
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50 sats \ 2 replies \ @siggy47 OP 8 Aug
You are not kidding. I used to do it as a kid in my dad's pharmacy.
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43 sats \ 1 reply \ @grayruby 8 Aug
I think I mentioned to you that before I had my business I used to manage retail pharmacies (similar to CVS type of store). Price changes were always a pain in the ass.
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50 sats \ 0 replies \ @siggy47 OP 8 Aug
Yes. I think I remember that. Ours was a mom and pop store in the early 1970s. No fancy equipment or rigid systems in place.
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43 sats \ 0 replies \ @Silent_Hodler 8 Aug
In a fractional reserve system inflation is a given. For some it's acceptable at 2% but to me this theft is unacceptable and that's why I save in Bitcoin.
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43 sats \ 0 replies \ @0xbitcoiner 8 Aug
mirror ? 🤠
https://m.stacker.news/44348
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43 sats \ 2 replies \ @Satosora 8 Aug
Well, do you think prices are rising just because of inflation, or because they see they can make more profit?
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87 sats \ 1 reply \ @siggy47 OP 8 Aug
50 years of uncontrolled money printing and currency debasement. Check out the history of Weimar Germany. Politicians did the same thing. It's always done when a currency collapses. Blame the business people. They are easy targets.
Warren's letter is truly ridiculous. Attack the use of new technology that can make it easier to raise prices in the future?
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43 sats \ 0 replies \ @Satosora 8 Aug
Weimar Germany. I remember reading that they used the bills as wallpaper, since it was cheaper.
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0 sats \ 0 replies \ @77edb424fc 8 Aug outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.