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143 Comments
- imacommi, on 07/15/2008, -0/+39Not that most people would know it because the government likes to skew the inflation statistics and leave out the most important items. Core inflation does not include energy or food prices even though they are probably the most important measures of inflation for most Americans (probably worldwide). Inflation goes up all the time, think about the rise in the cost of the things you buy. Be very careful to consider the real cost of inflation, not just what they tell you inflation is...
- Minarchian, on 07/15/2008, -2/+37De-regulation?
You mean over regulation. Regulation that impedes competition. What we have is government working for large Corporations to keep prices artificially high by making it nearly impossible for smaller companies to compete.
And the fact that the FED has almost completely debased the currency to where it's nearly useless.
These things, along with the invasion of Iraq, and talk of yet another unconstitutional war against Iran and you have a perfect storm of economic destruction. - kemp34, on 07/15/2008, -4/+37You are right with the war, but the Federal Reserve debasement of our fiat currency is a larger factor than any tax cuts.
- Pssdoff, on 07/15/2008, -1/+33No *****, why else would they quit tracking M3? The Federal Reserve basically created over 1 trillion dollars out of thin air last year, obviously the value of every dollar would go down as a result...
How much longer will the problem with the Fed be ignored? They are debasing the currency, and we are all supposed to pretend that its ok? - salamnder, on 07/15/2008, -1/+30Inflation is technically 0.2% even though most goods went up 9%. Why? Because energy and food are considered to volatile to be in inflation calculations. That sounds fine and dandy but my paycheck isn't 9% higher this year just for inflation raise... This is going to be a huge problem... if you deserve a merit raise and they give you 5% is it even worth it? *grumbles*
- inactive, on 07/16/2008, -1/+25This country has been destroyed by design. That would explain why that half-wit Wilson made his statement:
"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world - no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men."
This is still the case. These "dominant men" should be identified and dispatched with extreme prejudice. - kemp34, on 07/15/2008, -1/+24Chico, if you haven't noticed, numerous corporations are IN BED with the government. Often regulations are created to keep free competition out. Government intervention in the market to protect certain business interests IS wrong, I agree, but this is not free market economics by any means. Fascism? Yes. Free market? No.
- inactive, on 07/15/2008, -26/+48The results of de-regulation, tax cuts for the wealthy and an illegal war started by oil men to raise oil prices. That's what you get when you vote for the extreme right wing. Trickle down economics always fails.
- richmomz, on 07/16/2008, -0/+16In the last ten years food prices have doubled, tuition and healthcare costs have tripled, and gas has quadrupled. The only thing that HASN'T increased much in value are our salaries. Welcome back to the early 80s!
- inactive, on 07/15/2008, -0/+15Presidents set policies that affect the economy.
Quit pretending the man in charge is not in charge.
The War of Lies (aka Iraq) drove up gas prices, and that was the brainchild of Bush. How is he NOT responsible for it?
Instability in the middle east and the massive backlash against America have harmed our nation and driven prices up. Our failing relations with oil producing countries has resulting higher prices.
OPEC realized Bush was a paper tiger and laughed in his face. That raised prices.
The buck stops with Bush, he's the man in charge. I'm sick of dumbasses making excuses for him. - argoff, on 07/16/2008, -2/+16Just for the record, and to cut thru the BS - one things needs to be clarified:
"Inflation is always and everywhere a monetary phenomenon". - Milton Friedman (1912 -2006)
Maybe someday off into the future - peak oil, the Sauds, ethanol, floods, food shortages, or the rise of China will really cause prices to spike hard ... but today a quick look at the raw production numbers will show that all of that is total BS. Food, Gas, you name it .... price increases are happening because the US federal reserve is watering down the value of our money by printing up tons of it out of thin air. At this point, the USA is practically pre-destined for a hyper inflationary collapse. - lazerus9, on 07/15/2008, -1/+14...Yes, but Pauly Shore DVDs are really cheap now!
- Mik1984, on 07/16/2008, -1/+14There's no inflation, it's just a conspiracy theory... [walks around the elephant in the living room ].
- ColumbusRep, on 07/16/2008, -1/+13Ron Paul warned us.
- inactive, on 07/15/2008, -0/+12that's what i've been trying to argue to these 'tards all along jaco....jeez.
there's not much of a choice between democans and republicrats is there?
every 8 years each party trades power and takes turns at doing not much while
further bringing us closer to making 1984 a reality. - lazerus9, on 07/15/2008, -2/+14And this was the plan regardless of who was in the White House!
- inactive, on 07/15/2008, -4/+15we are *****.
- inactive, on 07/16/2008, -2/+13http://www.themoneymasters.com/
- hwy9nightkid, on 07/16/2008, -2/+13right..im going to shut down my life for cheaper milk. Guess I gotta go to butt f&&k town where the cows are more numerous than the people.
- DeskFlyer, on 07/16/2008, -1/+11I wonder how the super wealthy can sleep at night after rigging all this *****.
- inactive, on 07/15/2008, -1/+10Inflation has always been led by oil, WAKE UP AMERICA. This is the time your supposed to crack some political heads before we bring down the entire global economy.
- NSResponder, on 07/16/2008, -1/+9"Inflation has always been led by oil, WAKE UP AMERICA"
This turns out not to be the case. Inflation is the debasement of the currency, not the rising prices that result from inflating the currency.
Look for a chart of the price of oil vs. gold. Oil's not rising, the dollar is crashing.
-jcr - DogBotherer, on 07/16/2008, -0/+8Of course, but it IS a bigger proportion of a poorer person's budget than a richer person's which is, in itself, an important consideration.
- skinnyskittles, on 07/16/2008, -0/+8nice expensive drugs
- lazerus9, on 07/15/2008, -1/+8Don't think like that!..Because you are not!
- rearlgrant, on 07/16/2008, -0/+7PPI vs. CPI -- I have to think about it every time I hear the numbers. I've gotten to the point where I ignore the inflation number if the media doesn't tell me which number they are talking about. Most news sources can't figure out the difference.
http://www.bargaineering.com/articles/wholesale-an ... - richmomz, on 07/16/2008, -0/+7How could that be? The government says that inflation is only increasing by a few percent - of course they leave out food, gas and just about everything else consumers actually spend money on in their CPI calculations so that may have something to do with it...
- inactive, on 07/16/2008, -1/+8Frustrating as hell knowing the problem and realizing few people understand or give a ***** isn't it?
The end of this country began in 1913. No way we'll make it to 2013 on our current path. I guess people think singing kumbuyah together just makes the bad stuff go away?
My advice? If you're still in the market, go with DXD. It shorts the market and has been doing quite well lately. Also, pull out any money you have in the bank and only leave enough in to pay immediate bills.
This roller coaster ride isn't over yet and people don't seem to realize that there is a brick wall at the end waiting for the riders. - DeskFlyer, on 07/16/2008, -0/+7I'd like to say I'm *****, but I haven't got laid since January.
- oldgal, on 07/16/2008, -0/+7Computer stuff is the thing that has been going down. Electronics are probably included in the core inflation number while food and energy are not...so living is not so pricey if you give up food and energy. I like how the big kids use the core inflation number when talking about how solid the economy is.
- rearlgrant, on 07/16/2008, -0/+6Chico - I like the bit about free market and workers paradise.
If 10% of the people who quote Adam Smith read Adam Smith, they'd know the term "invisible hand" didn't originate with The Wealth of Nations... - inactive, on 07/16/2008, -0/+6The federal reserve is privately owned. There nothing federal about it.
- iridesce, on 07/16/2008, -0/+6Let's go prior to that - with the creation of National Bank the gold standard was dropped. That's where the problem started. Any fiat currency, by nature, is built to be abused by politicians and those with the most money.
- inactive, on 07/15/2008, -0/+5Oil Price increase - every other commodity price increases. The Federal Reserve also does it's part in inflating the money supply.
For more information you can visit
http://del.icio.us/search/?fr=del_icio_us&p=easyhi ...
Look up PETRODOLLAR RECYCLING for the complete economic picture - dave11980, on 07/16/2008, -0/+5You know, I'm as sick of Bush as the rest of the country but lets place blame where blame is due. This monetary policy and energy policy have been in place long before Bush. Hell, Ron Paul was arguing against it in the 70's and the only thing in his speech that have changed are the names and numbers.
- drmangrum, on 07/15/2008, -3/+8The question is: How do we fix it without causing severe recession or even depression? The federal government would definitely have slash spending, but that would cause massive unemployment. Interest rates would have to rise sharply to allow the economy to rebalance, but again, that would cause a surge in unemployment; no need to hire people to build houses, cars, or other luxuries if the median interest rate is 15%+
Do we start to privatize more government functions like road maintenance, home inspectors, the mail, even the military? Bush has dug our hole so deep, honestly, how do we climb out without risking more damage? - dupems, on 07/16/2008, -0/+5The hell are you talking about? It's about that price in Los Angeles, and that isn't butt f&&k town as you call it.
- inactive, on 07/15/2008, -2/+6you forgot to mention how China is printing our currency over there and then dumping
it on our economy too. i read about it in "confessions of an economic hitman" - jacothedevil, on 07/15/2008, -4/+8"That's what you get when you vote for the extreme right wing."
i mean i voted for kerry, but with the way democrats are acting in washington, im not sure it would have made much ofa difference who i voted for in 2004. im afraid such is the paradox of having the right to vote for the lesser of two evils. - inactive, on 07/16/2008, -0/+4And everybody laughed and wrote him off as a nut. I wonder if people will still be laughing as they build their new low budget dome houses made out of scrap wood and plastic bags.
- thecatcantalk, on 07/16/2008, -0/+4And who was President when we went off the gold standard and it became a fiat currency?
Tricky Dick Nixon (another Republican), that's who.
Scarecrow, Tin Man, Scarecrow, Tin Man, which shall I vote for in the next "election"?
*pbbtht* - DogBotherer, on 07/16/2008, -0/+4"The almighty dollar it aint what it used to be, hobo used to asked you for a dollar now the motherf***er ask you for three" - Apols to Devin.
- inactive, on 07/16/2008, -1/+5 It may be run by fools at times but do you really believe that the people who created a system that have made them the richest families in the world don't understand economics? They understand just fine. They also understand that they can play dumb and the populace will always believe them because most people don't understand economics themselves.
- mithrasinvictus, on 07/16/2008, -1/+5I agree there needs to be more of a choice, but to argue that Bill Clinton is as financially irresponsible as George Bush is ridiculous. Do some research.
- salamnder, on 07/16/2008, -0/+3Well I'll tell you what my pay goes to, between me and my girlfriend (2 incomes) we have 2 car payments (w/ insurance) a motorcycle (w/ insurance) a credit card, rent + utilities, and then food. So maybe food isn't 100% of my budget but between gas and food, I would say it is at least 50%
- PeppermintPig, on 07/16/2008, -0/+3They sleep well perhaps? Not all 'rich' people are 'rigging' things, so let's focus on who and what the trouble is, and deal with that.
- rearlgrant, on 07/16/2008, -0/+3Read the Code of Federal Regulations much?
- TrevorBradley, on 07/16/2008, -0/+3Any sane country would be massively increasing their interest rates, taking the hit now before it gets much much much worse.
- mithrasinvictus, on 07/16/2008, -0/+3I'm no politician, but i do believe he and his buddies are *****.
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