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By hustler
#345549
I could use my CD rates to rise where they were once, 16.9%. Now those interest checks could buy something.
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By Boro Friend
#345550
Pheadrus who are you kidding. You really need to get over yourself. I don't take my cue from socialists.... The government has been calculating the inflation rate minus the food and fuel costs for some time. It is deliberately dishonest. But you already knew that because you know everything.
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By FreeBird
#345551
Turnpike wrote:We as a nation have been asleep. We've allowed the Progressives to dominate governance, implement entitlement programs, implement a privately own one bank monetary system, destroy our borders, and loose global respect. The entitlement programs they started will consume 100% of our countries wealth in 20 years. This is no accident, Progressive need to bankrupt our nation. Once our nation is collapsed and broke, public fear will set in that the Progressive will magnify, and hunger will be ramped because of hyper inflation, as has happened in the 1930s. Back in the 30's we lost 50% of our freedom and all of our ability to control our monetary banking system. They'er doing it again, this time they'er going for broke to cash in on total control. But with a global economy, we all go down. The way the administration has gone after the problem of our economy has lengthen the time line of the problem, as did FDR in the 30's. They have dug a hole to rely on loans deeper enslaving us to a foreign countries. Now they are selling off our countries wealth which will leave us at a point were we will not be able to defend ourselves. In a Progressives eyes, I'm being a fear monger, not a truth teller. If so, why is the administration allowing to happen what is talked about in the video? If the Progressives have done such a good job, then the programs they got implemented are fine and there is no problems with their operation.

http://www.youtube.com/watch?v=Ykv5Uae2 ... r_embedded


I agree Turnpike. Vote Ron Paul in 2012. I believe he is this country's only hope. Chances are anyone else running will be more of the same.
By Needwork
#345552
Inflation using the pre 1990 methodology is over 9.6 % ( www.shadowstats.com). If you want to discuss inflation both sides need to read about the Boskin comission and hedonics. Both sides are responsible for the misreporting of inflation. This under-reporting of inflation was one of the reasons they have been able to 1. Keep interest rates low. 2. Suppress U.S. wages 3. Punish the saving class.4. This was part of the blame on the out of control housing market. How many values are calculated to that fake cpi? I find the conversation funny.Most true economists used the M3 money supply to track inflation with the velocity of currency. In April 2006 the Fed stopped publishing it right before it began the somewhat parabolic move.

The recommendations of that commission were put in place because of the ,, you guessed it,,, rising debt levels. One side did not want to cut spending and the other side did not want to raise taxes. Both sides kicked the can down the road. But with every decision there are always unintended consequences.

Gold and Silver are rising because those that understand what is going on know the U.S. can never repay the debt.

When the Fed became the largest holder of U.S. debt right before Thanksgiving, our history was written. There are only 2 paths now. If they print for QE3 we get 20%+ inflation (dow 36,000) but the dollar is worthless, market crashes... If they do not print, the market finds it true bottom. That bottom is where an ounce of gold equals the value of the market. This point is somewhere between 4500 and 5000. The last time our economy was able to hit bottom was in 1980 when an ounce of gold = the value of the dow. We have tried to soften the rough times too much without allowing the economy to shed inefficiencies in recession.

When time permits check out how GDP is calculated. If we have a company that produces a product overseas, that product is counted as a + for U.S. GDP when the labor costs are not counted as a -. Go figure.. Also why the switch from GNP to GDP. It is all a scam.

As for the dollar, there is only one support level left and that is around 71. Once it is passed through that the bottom falls out.
My undergrad major is economics. My masters is in strategic leadership.

For true information and discussion on the economy check out www.zerohedge.com

Thanks
By Leginald
#345553
FreeBird wrote:
Turnpike wrote:We as a nation have been asleep. We've allowed the Progressives to dominate governance, implement entitlement programs, implement a privately own one bank monetary system, destroy our borders, and loose global respect. The entitlement programs they started will consume 100% of our countries wealth in 20 years. This is no accident, Progressive need to bankrupt our nation. Once our nation is collapsed and broke, public fear will set in that the Progressive will magnify, and hunger will be ramped because of hyper inflation, as has happened in the 1930s. Back in the 30's we lost 50% of our freedom and all of our ability to control our monetary banking system. They'er doing it again, this time they'er going for broke to cash in on total control. But with a global economy, we all go down. The way the administration has gone after the problem of our economy has lengthen the time line of the problem, as did FDR in the 30's. They have dug a hole to rely on loans deeper enslaving us to a foreign countries. Now they are selling off our countries wealth which will leave us at a point were we will not be able to defend ourselves. In a Progressives eyes, I'm being a fear monger, not a truth teller. If so, why is the administration allowing to happen what is talked about in the video? If the Progressives have done such a good job, then the programs they got implemented are fine and there is no problems with their operation.

http://www.youtube.com/watch?v=Ykv5Uae2 ... r_embedded


I agree Turnpike. Vote Ron Paul in 2012. I believe he is this country's only hope. Chances are anyone else running will be more of the same.


lol, I hope you are joking. Do you have any idea how insane Ron Paul is? I'm guessing no, since you are willingly choosing to support him.
By Needwork
#345554
Ron Paul has walked the talk for over 30 years warning of what is happening now. His "insanity" of returning to some type of gold / basket of commodities standard is spot on and scares the hell out of politicians who think they can continue pulling the wool over the sheeps eyes.

Why do you think China, India, Brazil and other countries have been stocking up on gold for the past 10 years. China is telling their people to take physical delivery of silver also.

Name calling is what has brought us to this point. Closed minded name calling. When the final crash happens there will still be those on the left and those on the right still carrying the water for the insanity of fiat.
By Phaedrus
#345555
The Boskin Commission correctly identified problems in the measurement of the CPI. These were corrected and, yes, that led to a lowering of the calculated value of inflation. The adjusted CPI represents a more accurate estimate of the cost-of-living. Needwork has chosen to believe otherwise, as is his right, but I note the tone of a conspiracy theorist in his writing. These corrections to CPI are accepted in the field of economics and not only in the United States.

Ron Paul may describe fiat as insanity, but I can describe the gold standard as fetishism. Big deal. Either system has policy implications and the acceptance of one over the other is really a discussion of the policy implications and a sense of what "standards" should prevail in governance. People who are anti-government like the gold standard because it imposes limitations that suit their personality and view of how the world should be. However, the constant whine of calamity should their view not be upheld points to the emotional rather than rational under-pinnings of their theories.
User avatar
By FreeBird
#345556
Leginald wrote:
FreeBird wrote:
Turnpike wrote:We as a nation have been asleep. We've allowed the Progressives to dominate governance, implement entitlement programs, implement a privately own one bank monetary system, destroy our borders, and loose global respect. The entitlement programs they started will consume 100% of our countries wealth in 20 years. This is no accident, Progressive need to bankrupt our nation. Once our nation is collapsed and broke, public fear will set in that the Progressive will magnify, and hunger will be ramped because of hyper inflation, as has happened in the 1930s. Back in the 30's we lost 50% of our freedom and all of our ability to control our monetary banking system. They'er doing it again, this time they'er going for broke to cash in on total control. But with a global economy, we all go down. The way the administration has gone after the problem of our economy has lengthen the time line of the problem, as did FDR in the 30's. They have dug a hole to rely on loans deeper enslaving us to a foreign countries. Now they are selling off our countries wealth which will leave us at a point were we will not be able to defend ourselves. In a Progressives eyes, I'm being a fear monger, not a truth teller. If so, why is the administration allowing to happen what is talked about in the video? If the Progressives have done such a good job, then the programs they got implemented are fine and there is no problems with their operation.

http://www.youtube.com/watch?v=Ykv5Uae2 ... r_embedded


I agree Turnpike. Vote Ron Paul in 2012. I believe he is this country's only hope. Chances are anyone else running will be more of the same.


lol, I hope you are joking. Do you have any idea how insane Ron Paul is? I'm guessing no, since you are willingly choosing to support him.


Ron Paul is a constitutionalists. He believes in the type of government that the founding fathers put in place. They were very wise for their years having had all the experience with the British. It's pretty sad that this country is so far into socialism that someone who believes in strictly following the constitution, smaller government, more power to the people is radical. He is the only guy in there that has never voted for anything unconstitutional. The only guy with the guts to stand up and say what is really going on. He is so blunt that yes, it does scare people, but the really scary thing is he is spot on with everything he is saying. We are heading for a dollar crisis. This country cannot keep heading the way it is heading or we are going to crash.
By Phaedrus
#345557
It is not possible for a human being to be "spot on with everything they are saying." However, it is possible to get a large number of people to beleive that you are. Such is the nature of faith over reason.
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