Posted on 11/25/2007 5:15:20 PM PST by Travis McGee
Hey we are not talking viagra here....are we?
I stand guilty of being a gold bug. Got rather rich thinking like that. LOL
LOL, Nope. A normal online transaction. I called customer service and they said my account was dormant. I would need to show up at a branch. I told them it was a pleasure doing business and wished them well. Tomorrow I liquidate and move on.
Weatherford National Bank. Weatherford, TX. That’s in north central Texas about 30 miles west of Ft.Worth-Dallas.
Couldn’t help but notice your graph was not just from Bloombergs, but provided by SOCIAL SECURITY. They’ve been jacking around with the CPI for years. They can’t admit and/or pay more than 2 and a half percent COLA to retirees or they’d be in even worse shape.
If I here of anything in Houston I will let you know.
“Got rather rich thinking like that.”
Yeah, me too. Rather nice to be hated for it.
As near as I can tell, this boondoggle of hyperinflation of assets, with the consequent transfer of wealth to those who believe in debt and paper including nominal title to real estate, and the beggaring of those who believe in working and saving has been going on more or less nonstop since 1973.
Well, if nothing else, at least you now know how the CPI is calculated. That’s probably a good starting point if you’re going to take issue with it.
Hey you! Hope you’ve been O.K. We’re all good here! :-)
It doesn't matter where the graph comes from the methodology will be the same.
Theyve been jacking around with the CPI for years.
Even if the SS administration is playing games with the CPI, that doesn't change how it's calculated.
They cant admit and/or pay more than 2 and a half percent COLA to retirees or theyd be in even worse shape.
Does this, or anything else you have prove the real rate of inflation is 10-14%?
Many college students only spend their parent's money on food and beer. What is the inflation rate for these people, now that anecdotal is ruling the discussion? The dollar has lost a third of its value in the last three years. Thats really your true inflation rate.
The dollar lost this value against some other currencies. Are you suggesting that you (and others) have been converting (or paying) your way using other currencies? Who are you people, the ones whose sole budget expenditures are strictly confined to food and energy?
Save your hyperbole for people a little less bright and a little more gullible; you'll be a tad bit more convincing and persuasive that way.
Yeah, I’ts nice to have the last laugh after all the years of ridicule.
I guess I am one of those. I am a professional living in DC, and see the cost of everything skyrocketing. Of course my cost of living doesn't increase, because my salary does not. As the dollar drops, French wine goes up (no tears from you I am sure). Guess what - the California Cab right next to it went up too. With more for fuel, food, etc. I sure eat out a lot less. I see that there is an article in the LA times about that problem too. Eating out is getting lonelier
To "fix" the depression, Roosevelt seized control of the economy to such a complete extent that government bureaucrats thought they could improve the economy by destroying farm products and forbidding people to negotiate prices. They started the insult to liberty by forcing people to "exchange" their gold coins for paper money.
see: America's Great Depression by Murray Rothbard: (free book via download of the PDF)
http://www.mises.org/rothbard/agd.pdf and the article,
Introduction to Rothbard's America's Great Depression by Paul Johnson:
http://www.mises.org/article.aspx?Id=447
From the review:
"...The severity of the Wall Street crash, he argued, was not due to the unrestrained license of a freebooting capitalist system, but to government insistence on keeping a boom going artificially by pumping in inflationary credit. The slide in stocks continued, and the real economy went into freefall, not because government interfered too little, but because it interfered too much. ..."
"...We now see, thanks to Rothbard's insights, that the Hoover-Roosevelt period was really a continuum, that most of the "innovations" of the New Deal were in fact expansions or intensifications of Hoover solutions, or pseudo-solutions, and that Franklin Delano Roosevelt's administration differed from Herbert Hoover's in only two important respects—it was infinitely more successful in managing its public relations, and it spent rather more taxpayers' money. And, in Rothbard's argument, the net effect of the Hoover-Roosevelt continuum of policy was to make the slump more severe and to prolong it virtually to the end of the 1930s. The Great Depression was a failure not of capitalism but of the hyperactive state. ..."
“Who are you people who only spend your money on food and energy”
“Save your hyperbole for people a litte more gulible...”
I’m an elderly retired rancher on SS. Trust me, retirees like me can only afford food and energy. My ranch is paid for, but to keep my AG exemption, I buy about eight tons of hay every two months to feed my cattle. We make nothing when we sell them. Hay last year was 260.00 a ton. (the year before that only 70.00 a ton—hows that for inflation?)Prairie fires burned a lot of the land.
Diesel 3.35 a gallon for the tractor. If we didn’t raise our own food, we’d be up salt creek, but it takes almost every dime to feed cattle, chickens, buy feed and fertilizer-—then there’s elctricity, fuel to pump water....yada, yada, yada. Sorry to irritate you, but I wonder if you have any idea how many people in fly over country live. Next time you go into a grocery store to buy food you might think of us.
Hi, Kevin. Been wondering about you. Hope you and yours are doing OK> Watch your mail.
See post 38. Farmers and ranchers like us know nothing about some of the items on the CPI. Not in our budgets.
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