It will be a world wide crypto currency backed by gold.
The Federal Reserve and the WEF have written extensively about their plans.
Rates are crashing and fuel to the moon!
Discussion in 'Ask An Owner Operator' started by Kenworth6969, Mar 3, 2022.
Page 184 of 799
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chimbotano Thanks this.
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Man I was so confident once they changed the names on syrup bottles and pancake mixes everything was going to be so wonderful.
Jed2009, pete781693, Oxbow and 9 others Thank this. -
Jed2009, Rideandrepair, Oxbow and 6 others Thank this.
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The OM went to sleep. I was going to see if she'd do another Haiku.
Oxbow, God prefers Diesels, Dadetrucking305 and 1 other person Thank this. -
PS: monthly gross maybe may be "increased", because of driving 24/7 non stop and going from 1.20 to 1.50 with .30 fuel surcharge pay increase, yet normal, no push, rush, good sleep and chill driving DAILY gross is down big time. Otherwise there is no way that close to 10 thousands MCs would be closed for the past 4 month.Rideandrepair, ProfessionalNoticer and TallJoe Thank this. -
Rideandrepair and Midwest Trucker Thank this.
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People don't want to spend money on fuel so they don't travel. People don't go to the shore people don't go to the mountains people don't go to the theme parks people don't go wherever. So whatever resources those businesses need they're going to be buying certainly less of them and less of them and there's less to deliver.
People are worried about the economy, their job, inflation, price of fuel... So people stop buying new cars. Less cars to ship less people to sell them, they have less income to spend so they hold on to it rather than spending.
Okay well let's buy a new house. No not during a recession. New homes slow down there's less building there's less materials to deliver. Okay I will take on a big project for the house we have. No I think we're just going to tighten our belts because fuel is so expensive and the economy is so terrible I think we better just sit back and not spend any money unless we absolutely have to.
Less things now that are going to be delivered less people are buying. Less products to move therefore downward rates.
Even to the point where there are some people that will say hey how about if we go out and have lunch? Now you know what, instead of spending the money I think I'll just make lunch at home today. So less food gets moved because the restaurants aren't as busy people aren't going out as much the people working in the restaurant aren't making as much money so they have less money to spend and the Spiral goes on and on.
But I am recession-proof because I deliver food! Everybody's gotta eat!
Sure but when people go into supermarkets they're going to buy the Staples of what they need and much like everything else tighten up their belt and say you know what I'm just going to buy a little bit of hamburger instead of buying the filet mignon. I think we can do without the bacon in the morning. I think I'm going to generally buy Less meat and try to eat more pasta and things like that because somewhere we have to tighten up.
Obviously this goes on and on all through society and it reinforces itself in a very negative way.
So when there is less demand for everything there's less of everything to deliver and when there's less of everything to deliver the rates go down and there's less money for you to make if any.
So obviously a recession combined with a 40-year inflation High and the highest fuel prices we ever had is not going to be the yellow brick road that some people apparently think that it is.Jed2009, Rideandrepair, NorthEastTrucker and 10 others Thank this. -
You reefer drivers aren't safe because "everybody has to eat" , if Van & flatbed die in a junk economy drivers will flood into reefer and drive those rates down too.
Rideandrepair, pete781693, Beaver9 and 4 others Thank this.
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