UNDERDOG REPORT: Inflation Nation Agitation – The Shrinking Dollar | Joe Hoft

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UNDERDOG REPORT: Inflation Nation Agitation – The Shrinking Dollar

Inflation Nation Agitation – The Shrinking Dollar

Sunday is a day a Rest.  Going forward, JoeHoft.com will not be publishing news articles on Sunday. Sunday is for the Lord.  As an alternative, Gary Scarano of the UnderDogReport.com will assist in publishing articles on current events from a Christian perspective.  If you have something positive to say from a Christian point of view about current events and would like to have your views published, please email the UnderDog Report at UnderDogReporter@gmail.com or send comments or emails to JoeHoft.com.

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Report #33 – The UnderDog Says:

It seems many conversations going on these days concerns the higher cost of things and how prices keep going up and up and up. How people are struggling to stretch their shrinking dollar. People are not happy when talking about this subject. There is a word for this, it’s Agitation!  That’s right, people have Inflation Nation Agitation! They are agitated that their dollars don’t go as far as they used to, as far as they expected. (Please see the section below where there is a review of why we should be paying for things with cash, not credit)

 Things to be Agitated About:

Here are some just a few examples of thing to be agitated about:

  • The price of McDonald’s Big Mac has more than doubled to $8.29.
  • The price of Subway’s BLT Footlong has increased three dollars
  • A Chipotle’s chicken burrito was $6.50 in 2019, but is now $10.70, a 65% increase!
  • A New York Post article stated that a family of four could easily spend $860 for a day at Yankee Stadium, not counting up to the $150 you could spend for high value parking!

Yes, the Dollar is shrinking.  A good friend of mine gave me the Shrinking Dollar paper holder shown above in the 1970’s when interest rates jumped almost as high a 20% (It is a general rule that inflation and interest rates move in the same direction).  This only means that it could get worse for us.

In the Bible there was a time that it was much worse than that.

2 Kings 6:25 (ESV)  And there was a great famine in Samaria, as they besieged it, until a donkey’s head was sold for eighty shekels of silver

You may remember that Judas betrayed Jesus for only 30 pieces of sliver.  Roughly 80 shekels of silver would be worth about $1,000.00 today, but who would want to eat a Donkey’s head? People were pretty desperate to spend that kind of money to eat that![1]

The Bible also tells us that inflation will be a huge issue in the future where two pints of wheat (roughly the amount needed to bake a loaf of bread) would cost a whole day of wages.

Rev (KJV) 6:6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny,

Revelation 6:6 (ESV) And I heard what seemed to be a voice in the midst of the four living creatures, saying, “A quart of wheat for a denarius…

This was the amount of food given to slave at the time, just the minimum amount to keep them alive for a whole day.[2] A denarius was equality to a day’s wages. So, you would have to work an entire day just to get enough wheat to make a single loaf of bread.  Pretty serious.

If you think there is inflation in the near future, you have two choices, to spend what you have and enjoy life (and maybe be one of the first to starve later); or save up for the famine like Joseph did when God told him there would be seven years of good crops followed by seven years of famine.  Joseph saved 20% of all that was harvested for this time and as a result, Egypt became the strongest country in the world at that time (Genesis Ch. 41).

Perhaps it is time to take stock of your income and expenses.  Here is a hint, your income should be the larger amount, if it is not, then some “belt tightening” is in order.

Pay Cash or Pay the Price

Peter Earle, American Institute for Economic Research senior economist has said that a cashless society is surveillance state. Here are five reasons to use cash for everyday purchases:[3]

  1. Helps you Stick to a Budget. When you pay for diner, for example with a credit card, you could get indigestion 30 days later when the bill arrives.
  2. You Don’t Want a Record of Your Transactions – Big brother is watching
  3. You Pay Your Credit Card Bills Late– There are no interest or late charges
  4. You Can Get a Discount for Paying With Cash – Just ask
  5. You Want to Tip Service Workers Directly – TIPFLATION! I recently went to a retail outlet and paid with my credit card. Four options flashed up as the retailer was standing right next to me watching every move I made. Recommended Tip amount: 25%, 30%, 35%. To pay another amount she would see exactly what I was doing. I no longer shop there, The cheapest tip listed was 25% and you are embarrassed to pay less since they make sure an employee is hovering over you and you make your choice! Cash lets you pay what you want based on the service you received.

So, don’t be agitated int this Inflation Nation Agitation environment, have trust (faith) in God, he will take care of you.

Matthew 6:26  NKJV Look at the birds of the air, for they neither sow nor reap nor gather into barns; yet your heavenly Father feeds them. Are you not of more value than they?

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Links to Other UnderDog Report Blogs          X.com/UnderDogReportr (Twitter)

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  2. Mass Immigration – Immigration Part 2                              
  3. Scariest Halloween Decoration EVER!
  4. Who Are “They” Really – Immigration Part 3
  5. What’s Missing From Conservative Media?
  6. Should We Obey God or Man? – Obey God Part 1
  7. ¡Adios America! – Immigration Part 4
  8. Christmas Is Not The Day Of Vengeance 
  9. Weapon of Warfare – Obey God Part 2
  10. Freedom of Preach – Obey God Part 3
  11. Getting The Word Out – Bruce MacDonald – Obey God Part 4
  12. Epstein’s Victims – Sexual Abuse Part 1
  13. Epstein’s Victims – Sexual Abuse Part 2
  14. Epstein’s Victims – Sexual Abuse Part 3
  15. What Happened To Your Third Place? – Your 3rd Place Part 1
  16. What Happened To Your Third Place? – Your 3rd Place Part 2
  17. Super Bowl Color Commentary
  18. The Daytona 500 – The Great American Race
  19. Who Is Saving America?
  20. The UnderDog Interviews Joe Hoft
  21. Modern Law and the Bible – Personal Property 1
  22. Modern Law and the Bible – Unlawful Seizure 2   
  23. Modern Law and the Bible – Building Codes 3  
  24. Modern Law and the Bible – Slavery 4 
  25. Modern Law and the Bible – Murder & Death 5 
  26. The End Of The World, Almost? Eclipses And Bad Predictions
  27. TIKTOK…Boom!!!!! In Defense of TIKTOK
  28. The Jesus Gospel Word-For-Word Harmony of the Gospels
  29. MAGA-Make America Godly Again
  30. Russell Brand’s Joy – On Earth and In Heaven
  31. Don’t Read the Bible (If you Don’t Want the Truth)
  32. Stop Looking, Start Finding, Be Thankful

The Underdog Report produces content on current events from a Biblical perspective. This is done to provide a positive Godly point of view as an alternative to today’s “anti-Christian” Media, and to encourage  people to be followers of Christ. Gary Scarano is the UnderDog Report.

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Gary Scarano is the author of the book “The Jesus Gospel” (JesusGospel.com). Not since the  New Testament of the Bible was written, has anyone combined the 4-Gospels ‘Word-For-Word’ into a continuous chronological timeline. Read the 4-Gospels, the record of Jesus Christ’s life, blended into a single COMPLETE story.

Gary also ran with the Olympic Torch in the Los Angeles Olympics and was a National Senior Product Manager for Verizon and was interviewed by Lou Dobbs on CNN and the NY Times for a product launch he led.

Gary teaches a Bible study every Thursday, 630PM NY Time on zoom. Join when you can.

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[1] https://www.gotquestions.org/Bible-inflation.html

[2] https://www.revisedenglishversion.com/Revelation/chapter6/6

[3] https://money.usnews.com/money/personal-finance/spending/articles/why-you-should-use-cash-for-everyday-purchases

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