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Things are getting interesting, while they print more money, devaluing the current money, that $1000 you got means you can buy a lot less now than a year ago due to inflation, it's probably worth $600. Now we are seeing the impact on increased demand for semiconductors:
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Well, the know they control the whole market, so now they are just here to rape. It'll be 4-5 years before we can get a new semiconductor plant in the US. When I say prices are going up for EVERYTHING, it means prices are going up for EVERYTHING.
Recall:
In other news: China condemns US warship transit of Taiwan Strait
The US is hanging around in the Taiwan waters.
We're never going to get these semiconductors at this rate...
In other news I was driving by a McDonalds and, first time in history that I can recall, they had a big "now hiring sign", starting pay was $11. Did a bit of research and McDonalds is making it a priority to hit $15 an hour average by 2024. Source: What McDonald’s minimum wage raise says about fast-food franchise future
Obviously that will trickle down to higher prices. I read somewhere those 2 for $5 chicken sandwiches or some shit where now 2 for $6.
Another trick is to reduce the volume people are getting with goods = shrinkflation, laundry detergent is a big one that this happens to:
Meanwhile we got the benefactors of it all coming up, zoomers:
"Gaslight the economy" - that was actually funny.
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TAIPEI -- Contract chipmaking giant Taiwan Semiconductor Manufacturing Co. told clients Wednesday that it plans to raise prices on products by as much as 20%, in what would be the company's steepest single increase.
The price increases and the time frames for the hikes differ depending on the client, according to reports by Taiwan's Liberty Times newspaper and other media outlets. For some companies that received TSMC's notice, the hikes took effect immediately.
TSMC and other Taiwanese semiconductor companies raised chip prices by more than 10% between last fall and this spring. But with strong demand continuing to outstrip supply, TSMC decided to sharply increase prices again.
[..]
TSMC still maintained a high net profit margin of 36% during the quarter ended in June.
At the same time, "it will be very costly to manufacture in the U.S. and Japan," a member of the TSMC executive team said. The company is building a cutting-edge semiconductor facility in the U.S. state of Arizona and is considering opening its first Japanese chip plant in Kumamoto.
Major global clients such as Toyota Motor have announced production cutbacks due to the shortage of semiconductors. TSMC has responded by boosting output, but the company foresees the impact lasting until next year.
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Well, the know they control the whole market, so now they are just here to rape. It'll be 4-5 years before we can get a new semiconductor plant in the US. When I say prices are going up for EVERYTHING, it means prices are going up for EVERYTHING.
Recall:
"Taiwanese foundries account for 63 percent of the global market and TSMC alone has a market share of 54 percent."
In other news: China condemns US warship transit of Taiwan Strait
The US is hanging around in the Taiwan waters.
We're never going to get these semiconductors at this rate...
In other news I was driving by a McDonalds and, first time in history that I can recall, they had a big "now hiring sign", starting pay was $11. Did a bit of research and McDonalds is making it a priority to hit $15 an hour average by 2024. Source: What McDonald’s minimum wage raise says about fast-food franchise future
Obviously that will trickle down to higher prices. I read somewhere those 2 for $5 chicken sandwiches or some shit where now 2 for $6.
Another trick is to reduce the volume people are getting with goods = shrinkflation, laundry detergent is a big one that this happens to:
Meanwhile we got the benefactors of it all coming up, zoomers:
"Gaslight the economy" - that was actually funny.
--
All this is good for us - if you pull the trigger. If you don't pull the trigger your grandkids are going to ask you 40 years from now: What did you do during the greatest dislocation of wealth in the history of the planet? "I sat with my thumbs up my ass and I watched Netflix." - Dan Peña