Are we owner operators really stuck around 2 bucks a mile?

Even a high school dropout like me can figure it out. When there are more trucks than loads rates will be low.
When Walmart has three times the inventory it had last year and they are canceling billions in new orders there won't be many loads to haul.
Even in the Great Depression seventy five percent of the people had a job. The only problem was they could barely afford the mortgage and food.
But don't worry the government has a solution, UBI (universal basic income) and CBDC (central bank digital currency) a programmable form of money where they can control what you buy. If you don't have an EV you can only get ten gallons to get to work. You had a rib-eye last week so this week you can only get a cricket burger. You posted a thumbs up to a tweet we find offensive subtract twenty credits.
This is not the run of the mill recession or depression.

 

As she gazes lovingly into your eyes, "Baby, am I your only one?"

"Yes. The rest have been sevens or eights."

 

Exactly

 

You failed. Sorry, youve just used a graph that uses cpi as its measure of inflation.

Try this, it is the m1 money supply, the x is years, the y is m1 money supply in billions of dollars, so even so, there are a few problems, in 2020 they altered how they calculate m1 supply so its bad but not QUITE as bad as the graph makes it out to be. How convienient that that coincided with the "stimulus" packages

 

Inflation is simply a result of the fact that the Central Bankers can print as much money as they want out of thin air to lend into the economy (and they get it all back and keep it without lifting a finger, and this is why they own everything including all the corporations). And when money can be gotten through low interest loans, like 0%, allowed only to the friends of the Central Bankers, then those that sell the main commodities like wheat, oil, steel, and computer chips, know they can get a higher price, so they simply raise their prices which causes a price increase to all downstream products that use those things. This the is only reason for inflation. Thus, inflation is simply the reaction to an increased availability of money, charge more for the product.

 

I didn't. I used that chart on purpose cause it uses their own metrics, rather than the ones you, someone else or me could use as inputs for inflation.

CPI is not inflation. Neither is M1. M1 is money in circulation, period. Regardless of the constant change in the formula.

In the 70's during the oil crisis you had inflation with unaltered M1. During 2020 you had an increase on M1 mainly from Covid Checks. Which of course it's definitely an input for inflation, but at the same time in the same time frame the UK and Europe didn't see their M1 increased in an exponential way and nevertheless, both the UK and Europe are currently at +9% inflation rate. Japan is another example that inflation cannot be explained solely by M1.

As you can see, M1 is not a direct measure for inflation. Just another input. M1 explains currency debasement. Regarding UK and Europe there are other factors such as USD denominated commodities, etc, etc, etc. But we can play around the M aggregates and Central Banks Balance Sheets to get a more accurate explanation for inflation if you want, but Politicians will never agree to it. Furthermore, expectations play a big role on inflation. Which cannot be calculated with CPI, M1, M2, M3 neither with CB Balance Sheets.

That's why I used that crappy CPI chart. It's their data, using their own metrics, inputs and manipulated weights, proving the loss in purchasing power.

Few charts.

 

The Central Bankers put out a lot of gibberish explanations of monetary matters, such as inflation, to keep their scamming operations hidden.

 

i like mine like i like my trucks, ~25 years old and full of issues….

 

Cpi increases can happen easily described by supply and demand independent of a constant money supply, but demand must spike with a lesser or negative supply, this is part of why i am in favor of utilizing m1 supply as my baseline

It is easily trackable against say.... home prices, a durable (one hopes) good that should hold a relatively constant value against any other sane metric for inflation (where home sales spike and sag it is easily noticeable even with a constant m1 supply (see early 2000 dot com bubble, little to no intervention by m1, but every time m1 spikes, so do home prices within 6 months). they track well despite govt interference with interest rates and "stimuli"

Using m2 and m3 things become meaningless because you end up commingling world money supply (m3 and the petro dollar) and extreme speculation (m2 includes stock market) m1 at least keeps it somewhat locked to the US (outsourcing our industrialism clearly had an effect downward on cpi based versions of inflation)

By initially using cpi as your graph, you cede far too much ground to be taken seriously.

For your other graphs, i would ask that you cite sources, graphs 1 and 2 directly disagree with each other on their m1/lhs line, so where are they coming from? Further your 3rd graph shows 0 real fluctuation, just continued trendlines at 2008, this is suspicious

Im no fan of the fed #s as reported or anything, but theyre mostly a reliable source (once published, theyre there, however many lies they include, they do not retroactively change them or alter metrics constantly, though they certainly do occasionally (as in 2020 when they moved certain m2 metrics to m1, convieniently obscuring data on top of the stimulus bills) )


Also, just noticed your contention that its the individual stimulus, the spike of m1 increase in 2020 cannot be a result of simply the individual covid checks, that would only be an increase (at most) from 4,000 to 5,000 (billion) not 4,000 to 21,000