Reply #30: Like your counterparts south of the border

[nadinbrzezinski]

you will.

For them the notice moment was when Tortillas went up by five pesos a kilo, subsidy went away... (that lasted for oh ten weeks or so... they put it back since it got ahem interesting, as in social distress pitchforks interesting)... but you will.

Here is the problem... check the stuff at home. This is where inflation will come. How much of your oh clothes are made in the US? You see, even at poverty and slavery wages, the dollar sliding against the Yuan and the Yen will rise the cost of that shirt, It depends how much it slides and how permanent that is, just how bad that shirt goes up in price here. On the bright side, this a macro effect of this... it may be so expensive that it might be cost effective to bring those factories to the US again... That effect will take anywhere from six months to a year to start to show up. Nor is this an expected side effect by the people who manage oh I don't know Levys, since they lack the imagination and experience too. Ok let me correct this, they have the experience, but not when it affects their home economy.

Other reasons for the inflation, if the IMF gets involved, and the warning today was a shot across the bow... then many of those subsidies that the Republicans are protecting, will have to be negotiated away to get a rescue package (worst case here)... see what I said about tortillas? At that point many of your food products will go up because they will pass this to you.

I know why it does not seem like it will affect you... but it will. Oh and gives me no comfort.

Also, while some think this is disaster capitalism (and partially it is) the kids in DC are convinced that there will be no effect... well that is almost a religious belief... again another bright side... many of the voters who voted for those idiots might FINALLY get it. But the lesson falls in the category of my lord this will be very expensive... and yes... people will die.