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Does anyone else on this site remember the inflation of the Carter years?
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Jan 21, 2023 22:36:19   #
Wonttakeitanymore
 
David L wrote:
Personally, I think inflation is done on purpose. I could be wrong, but the end result of serious inflation is a reduction of independent minded hard working people, especially small businesses. And family farms.

We got hit hard by the inflation of the Carter years. We had an average size dairy farm in Wisconsin, average being 40 milking cows back then. We were doing OK with interest rates at 5%. Then inflation set in and fuel costs doubled, property tax went way up. Cost of parts and machinery sky rocketed and the price of milk dropped $2 per hundred pounds. SO, the Government, in it’s infinite wisdom, decided to raise interest rates all the way up to 18%. There is not a calculator in the world that can make this come out, so whole neighborhoods went under.

It went like this. First, you use up all of your cash reserves just to keep going. Then you extend your credit to the limit. Then you borrow against the equity in your property. With high interest rates and less ability to pay due to inflated costs of living and doing business, you quickly end up in foreclosure. The bankers told us we had no choice but to have an auction and they took every penny of it. And because land values had dropped to near zero you could not even sell out to pay the mortgage, so many people, if they could find a job, found the bank taking a big chunk of their paycheck to pay off the loan because the auction did not bring in enough money.

I fought back. There were only two lawyers in the entire state who would work for the farmer. I was fortunate that one was close by, and he did a terrific job. He liked my attitude and helped me get a job as the project Director for the Neighbor to Neighbor Farm Support Group. My job was to find ways to help these folks, get information from the Lawyer and hold meetings , by invitation only, to get the help and info out to the people. It was quite an experience and we had a lot of success. We were able to help people through the bankruptcy, help them find jobs, and in at least two cases, stopped suicides. We also had food drives for desperate families and much more

But the reason I say that inflation is probably done on purpose is that during those years of fighting the system, we saw time after time where the small or average farmer was foreclosed on while a few select farmers in the area who were going bigger, were NOT foreclosed on, had debt forgiven and in fact got Government money to buy more land, buy more cows, etc.
So 40 years later when C***d hit, who suffered the most? Small business, independent operators, etc while the big guys such as the big chain stores and big Pharma made obscene amounts of money. C***d is barely over and inflation sets in and more small independent folks are hurt again.. Net result; Less independent small businesses, a shrinking middle class and the “big guys” making obscene profits.

There is not doubt that a certain class of people in this world love power and control of others and will stop at nothing to accomplish their purpose. Our founder warned us against these, but we let them take over anyway. I just hope and pray that it is not too late for America to recover from all of this, but t***h be told, it does not look very promising.
Personally, I think inflation is done on purpose. ... (show quote)

It’s the demonrat way!

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Jan 22, 2023 11:22:54   #
Cornflakes Loc: Texas
 
David L wrote:
Personally, I think inflation is done on purpose. I could be wrong, but the end result of serious inflation is a reduction of independent minded hard working people, especially small businesses. And family farms.

We got hit hard by the inflation of the Carter years. We had an average size dairy farm in Wisconsin, average being 40 milking cows back then. We were doing OK with interest rates at 5%. Then inflation set in and fuel costs doubled, property tax went way up. Cost of parts and machinery sky rocketed and the price of milk dropped $2 per hundred pounds. SO, the Government, in it’s infinite wisdom, decided to raise interest rates all the way up to 18%. There is not a calculator in the world that can make this come out, so whole neighborhoods went under.

It went like this. First, you use up all of your cash reserves just to keep going. Then you extend your credit to the limit. Then you borrow against the equity in your property. With high interest rates and less ability to pay due to inflated costs of living and doing business, you quickly end up in foreclosure. The bankers told us we had no choice but to have an auction and they took every penny of it. And because land values had dropped to near zero you could not even sell out to pay the mortgage, so many people, if they could find a job, found the bank taking a big chunk of their paycheck to pay off the loan because the auction did not bring in enough money.

I fought back. There were only two lawyers in the entire state who would work for the farmer. I was fortunate that one was close by, and he did a terrific job. He liked my attitude and helped me get a job as the project Director for the Neighbor to Neighbor Farm Support Group. My job was to find ways to help these folks, get information from the Lawyer and hold meetings , by invitation only, to get the help and info out to the people. It was quite an experience and we had a lot of success. We were able to help people through the bankruptcy, help them find jobs, and in at least two cases, stopped suicides. We also had food drives for desperate families and much more

But the reason I say that inflation is probably done on purpose is that during those years of fighting the system, we saw time after time where the small or average farmer was foreclosed on while a few select farmers in the area who were going bigger, were NOT foreclosed on, had debt forgiven and in fact got Government money to buy more land, buy more cows, etc.
So 40 years later when C***d hit, who suffered the most? Small business, independent operators, etc while the big guys such as the big chain stores and big Pharma made obscene amounts of money. C***d is barely over and inflation sets in and more small independent folks are hurt again.. Net result; Less independent small businesses, a shrinking middle class and the “big guys” making obscene profits.

There is not doubt that a certain class of people in this world love power and control of others and will stop at nothing to accomplish their purpose. Our founder warned us against these, but we let them take over anyway. I just hope and pray that it is not too late for America to recover from all of this, but t***h be told, it does not look very promising.
Personally, I think inflation is done on purpose. ... (show quote)


I remember while serving in the military how deep the cuts inside the military and how we viewed all of Carter’s policies-yuk pew

Reply
Jan 22, 2023 12:08:22   #
pegw
 
I looked this up. The last time inflation was rampent was between 1965 and 1982. Lots of different presidents, both parties.

Reply
 
 
Jan 22, 2023 12:47:11   #
older and wiser
 
David L wrote:
Personally, I think inflation is done on purpose. I could be wrong, but the end result of serious inflation is a reduction of independent minded hard working people, especially small businesses. And family farms.

We got hit hard by the inflation of the Carter years. We had an average size dairy farm in Wisconsin, average being 40 milking cows back then. We were doing OK with interest rates at 5%. Then inflation set in and fuel costs doubled, property tax went way up. Cost of parts and machinery sky rocketed and the price of milk dropped $2 per hundred pounds. SO, the Government, in it’s infinite wisdom, decided to raise interest rates all the way up to 18%. There is not a calculator in the world that can make this come out, so whole neighborhoods went under.

It went like this. First, you use up all of your cash reserves just to keep going. Then you extend your credit to the limit. Then you borrow against the equity in your property. With high interest rates and less ability to pay due to inflated costs of living and doing business, you quickly end up in foreclosure. The bankers told us we had no choice but to have an auction and they took every penny of it. And because land values had dropped to near zero you could not even sell out to pay the mortgage, so many people, if they could find a job, found the bank taking a big chunk of their paycheck to pay off the loan because the auction did not bring in enough money.

I fought back. There were only two lawyers in the entire state who would work for the farmer. I was fortunate that one was close by, and he did a terrific job. He liked my attitude and helped me get a job as the project Director for the Neighbor to Neighbor Farm Support Group. My job was to find ways to help these folks, get information from the Lawyer and hold meetings , by invitation only, to get the help and info out to the people. It was quite an experience and we had a lot of success. We were able to help people through the bankruptcy, help them find jobs, and in at least two cases, stopped suicides. We also had food drives for desperate families and much more

But the reason I say that inflation is probably done on purpose is that during those years of fighting the system, we saw time after time where the small or average farmer was foreclosed on while a few select farmers in the area who were going bigger, were NOT foreclosed on, had debt forgiven and in fact got Government money to buy more land, buy more cows, etc.
So 40 years later when C***d hit, who suffered the most? Small business, independent operators, etc while the big guys such as the big chain stores and big Pharma made obscene amounts of money. C***d is barely over and inflation sets in and more small independent folks are hurt again.. Net result; Less independent small businesses, a shrinking middle class and the “big guys” making obscene profits.

There is not doubt that a certain class of people in this world love power and control of others and will stop at nothing to accomplish their purpose. Our founder warned us against these, but we let them take over anyway. I just hope and pray that it is not too late for America to recover from all of this, but t***h be told, it does not look very promising.
Personally, I think inflation is done on purpose. ... (show quote)

It’s all the democrats can do, make high inflation all by themselves!

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Jan 22, 2023 12:47:55   #
older and wiser
 
Jlw wrote:
They still are


Some things never change!

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Jan 22, 2023 12:48:24   #
older and wiser
 
Coos Bay Tom wrote:
I remember . I was in the carpenters union and I was told to v**e for Carter if I wanted a job . Well that didn't go so well for me .


Or anyone else!

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Jan 22, 2023 12:49:34   #
older and wiser
 
Ronald Hatt wrote:
ory "repeats" itself: Gross inflation of the Carter era.. "Now twin of the Biden era"!

"Viva Demoncrat ineptness", & extreme Political ...

Demoncrats never seem to disappoint the mentally challenged!

That’s who v**e for them!

Reply
 
 
Jan 22, 2023 12:50:31   #
older and wiser
 
son of witless wrote:
I remember the Carter years well. I have posted a lot about them on OPP. Many Liberals misremember those years or just make up lies. I am always correcting them.


You will never get done!

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Jan 22, 2023 14:03:10   #
America 1 Loc: South Miami
 
Cornflakes wrote:
I remember while serving in the military how deep the cuts inside the military and how we viewed all of Carter’s policies-yuk pew


Jimmy is a decent person, should have stuck to farming peanuts.
A lousy President.

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Jan 22, 2023 14:07:26   #
JFlorio Loc: Seminole Florida
 
America 1 wrote:
Jimmy is a decent person, should have stuck to farming peanuts.
A lousy President.


I agree. He seems like a really good person. Was a bad policy president.

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Jan 22, 2023 14:12:20   #
son of witless
 
pegw wrote:
I looked this up. The last time inflation was rampent was between 1965 and 1982. Lots of different presidents, both parties.


You are wrong. Again ! You should be looking at 1974-1981. Two Presidents. Gerald Ford and Jimmy Carter.

https://www.macrotrends.net/countries/USA/united-states/inflation-rate-cpi

Reply
 
 
Jan 22, 2023 14:25:42   #
America 1 Loc: South Miami
 
son of witless wrote:
You are wrong. Again! You should be looking at 1974-1981. Two Presidents. Gerald Ford and Jimmy Carter.

https://www.macrotrends.net/countries/USA/united-states/inflation-rate-cpi


pegw uses an exclusive left-reply computer.

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Jan 22, 2023 15:13:42   #
American Vet
 
America 1 wrote:
Jimmy is a decent person, should have stuck to farming peanuts.
A lousy President.


👍👍

Reply
Jan 22, 2023 15:58:06   #
older and wiser
 
son of witless wrote:
You are wrong. Again ! You should be looking at 1974-1981. Two Presidents. Gerald Ford and Jimmy Carter.

https://www.macrotrends.net/countries/USA/united-states/inflation-rate-cpi


Correct

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Jan 27, 2023 13:30:47   #
coelacanth Loc: Michigan swamp
 
David L wrote:
Dems are not big on National defense. Why would they be if they are trying to destroy America anyway?

What did you do after losing that job?


I learned how to tape and finish drywall and ended up making twice the money I was making at Western Gear. I didn't return when they recalled me from layoff. No time clock, either. Best move I ever made. Lemonade from Lemons.

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