Examples of Devaluation

[HFS]

The quickest and most sudden devaluation of anything that I've seen was how the prices distributors were charging for common full capacity mags (AR15, Glock 9mm, etc) fell into the basement when the AWB ended in 2004.
Yeah the neckbeards were still sitting on tables of "well used" 30 round aluminum AR mags with $80 price stickers at the gun shows, but I was pretty shocked that online prices seemed to fall like a rock overnight.

 

[Raido Free America]

I was just hit with a prime example of devaluation of the dollar. My 2000 F250 now has a listed value greater than I paid for it TT&L when brand new. Believe me, this is not a classic but just a good, solid farm truck.

A simple and necessary object is pricing beyond what people, especially on fixed incomes like staying in the same job or retired, can afford. I am not just now seeing this but note this will end up removing vehicles from basic ownership for larger, increasing numbers of people. This will make larger numbers of people dependent upon public transport and force lower paid workers into consolidated housing. Seems like there are now plans working very well at this time. Provide pablum to the masses and remove the freedoms then restrict the pablum. Worked well in some places. Pol Pot was great with this sort of thing.

Well said, WE have a 2018 Grand Cherokee, we bought new, garage kept, with 16,000 miles on it, The dealer tries to buy it every time we take it in for service! I'm afraid to price it! Even if we got more than we payed new, we would have to put $20,000.00+ with that, to replace it with a new one! I suspect what is happening here is the same, and perpitrated by the same people, as what happened in Venezuela, 20+ years ago! They even used the very same voting machines, and tactics to overthrough the LIGITINMATE GOVERNMENT! Venezuela went form the richest nation in South America, with the HIGHEST STANDARD OF LIVING, to the POOREST, with the LOWEST STANDARD OF LIVING, in 20 years, all while having rich mineral deposits, and the largest proven reserves of crude oil on EARTH! Communist China has just since OUR COUP, started OPENLY, EXPLOITING VENEZUELA HUGE OIL, AND MINERAL RESERVES! Communist China has the money thanks to us, and the rest of the CIVILIZED WORLD buying there counterfeit junk! to buy controlling interest in NEWS, and ENTERTAINMENT CORPORATIONS, using fictitious names! ONCE they control all six news corpirations that control ALL THE NEWS IN OUR COUNTRY, THEY CONTROL EVERYTHING WE ARE ALLOWED TO SEE, HEAR, AND THINK! DON'T THEY? GOOD LUCK TO US! Got to go, someones at the door, I hope it's not the Gestapo, or KGB, come to quiet me! If they find a box of classified documents in my house like they just did President Trump's home, it's a set up!

 

[Chuckie]

come March the UST is going to end QE and raise interest rates. last time this was attempted was 2008. what will happen when people who are highly leveraged see the collateral security loose value???

I don't really consider myself 'stupid', but I don't have the foggiest idea of what the hell you just said

 

[ForsakenConservative]

I don't really consider myself 'stupid', but I don't have the foggiest idea of what the hell you just said

The interest on the federal debt will skyrocket, and our fiat currency will collapse……
If you are in debt, you’re screwed.

 

[ForsakenConservative]

‘Nuff said…..

 

[Chuckie]

Um, you can install devices to remote shut down most any car. If the spark plugs don’t spark or the alternator isn’t charging the battery…. I intentionally have a switch on my Jeep for security. Otherwise, a hammer And a screw driver and my Jeep is gone. Most any car can be remotely shut down.

It's not the remote shutdown that everyone needs to be worrying about, but rather the integrated 'black box' that most newer cars have which supposedly are there ONLY to aid in service-tech troubleshooting.
Occasionally we hear about the insurance company using the 'black box' information to determine the details of the car before/during an accident (speed, direction of travel, brake/turn signal use, etc.).
What we do not hear about are things like remote real-time tracking of the vehicle or [possibly] in-car conversations gathered through devices like GPS mapping, SiriusXM radio, and of course that 'black box'.

What happens in our vehicle though pales in comparison to the openness that we willingly provide via our 'connected' Smart Home through gadgets like TV, radio, phones, computers, cameras, door locks, and even wifi tethered toothbrushes.

 

[Chuckie]

Next time you are stopped at a traffic light, count the real vehicles and the electric ones. Now, take a guess as to when all those IC vehicles will be replaced by EV. It will be decades before IC is a thing of the past, and it will not be due to some evil plot by Soros and his ilk. Same things were probably said by horse riders when the first horseless vehicles came along.

You are correct in that it will be decades before internal combustion cars become a thing of the past, but it is coming.

https://www.npr.org/2020/09/23/9162...er-banning-sales-of-new-gasoline-cars-by-2035https://www.autoweek.com/news/green-cars/a37611449/new-york-gas-cars-ban-2035/https://www.pcmag.com/news/massachusetts-to-ban-sale-of-new-gas-powered-vehicles-by-2035

 

[Chuckie]

The interest on the federal debt will skyrocket, and our fiat currency will collapse……
If you are in debt, you’re screwed.

Thanks for the clarification. Not wealthy but also no debts, so I'm good.

 

[1shott]

Stolen elections have consequences.

 

[ICanFixIt]

The interest on the federal debt will skyrocket, and our fiat currency will collapse……
If you are in debt, you’re screwed.

It seems to me that the lender is the one that will be screwed. If we have 1000%inflation I will sell my 10-year-old car for $100k and pay off my mortgage.