Yes, we have no inflation...
Posted by Kat at 07:17, 20 May 2008...we have no inflation today.
We're paying a helluva lot more for everything. And every time we go to the store, we get sticker shock because the price of everything has gone up some more. But as if by magic, there is no inflation.
And if you believe that, I've got a great deal for you on some property investments in Brooklyn and south-central Florida.
If you're a tad skeptical, check out the link, to find out how the Bureau of Labor Statistics managed to turn April's 5.6% rise in the price of gasoline into a 2% decline.
You'll also find out that all those prices haven't really been soaring, because "inflation-adjusted wages for nonsupervisory workers fell by 1 percent in April compared to a year ago, the seventh consecutive [monthly] decline."
This AP Economics writer also makes a few good jokes along the way, albeit unintentionally. Take this, for example:
"A severe bout of energy-driven inflation in the 1970s did lead to a wage-price spiral as workers began demanding more pay to keep up with soaring prices. That's not expected this time thanks to the inflation-fighting credibility gained by the Federal Reserve."
Or how about this one:
"Forecasters believe crude oil prices, which briefly touched a new record this week close to $127 per barrel, will eventually start coming down....to around $100 per barrel by the end of this year."
Woohoo! Oil at only $100 a barrel! (...In some alternate universe.) Guess that means, by December, we'll all be singing, "Happy days are here again!"
Or maybe all these really-really-smart economists just think the rest of us are a bunch of drooling idiots.
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Comments
10 August 2004
18 weeks 2 hours
Possibly the reason you don't have that inflation in your country is because we have it all in Australia.
I'm not sure how, and am trying to rationalise why we are being assured it is so.
Multiple Reserve Bank interest rate hikes adding to the cost of folk's mortgage payments, increase in oil costs leading to higher petrol prices and higher prices for everything we buy means that people are having to pay more for basic commodities. There does not seem to be an oversupply of money and a shortage of commodities, which was what I thought might be considered inflation, so my own mind cannot equate this seeming conundrum, but then I'm not an economist.
We are probably both being lied to, but what's new about that?
Regards, Kathrinn
22 November 2004
2 days 19 hours
I noticed this starting to happen sometime during the first Bush administration (GHWB), all through the Clinton administration, and it has not stopped...
During all those years, there was no inflation, yet prices for food, gasoline, and housing steadily went up. Same with beer.
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if everything is under control, you are not going fast enough (Mario Andretti)
it's not how fast you go, it's who gets there first
12 April 2007
1 hour 1 min
Guess we'll have to cut back to only 3 moccachino lattes per week at Starbucks ;-)
That's not only a bad joke on my part, but it's the truth. Slowly we've been conditioned to accepting paying more for simple commodities, by falling in the trap of "added value". At Starbucks, the added value is the ability to sit, read the paper and browse the net with their "free" Wifi.
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It's not the depth of the rabbit hole that bugs me...
It's all the rabbit SH*T you stumble over on your way down!!!
Red Pill Junkie
1 May 2004
1 day 9 hours
First of all it no longer was the company I'd first worked for. And Second, because like so many American Companies it was making money, by squeezing labor. My income was going down. Now I'm working at a year round produce mart in Portland OR. And making more money! In the US people are so blind, because of the TV and radio. We believe what we're told. But this country is going 3rd world real fast. Looting the treasury is the final act of any government. And the Neo-Cons have done a dandy job. Bought a scooter 4 years back. Putting in a wood stove, and hoping my garden grows...Hippie 2.0 installed!
22 November 2004
2 days 19 hours
I never liked Starbucks. There was this nice little store in my neighborhood that sold all kinds of coffee beans. I shopped there all the time. The had nice Kona, among other things.
After 2 or 3 years, a Starbucks opened 200 feet away, and the little store went out of business pretty soon. After the competition was gone, Starbucks seriously reduced the variety of coffees they sold. I never forgave them for the predatory business practices, and I don't buy their stuff.
It probably doesn't make any difference, but I minimize the business I do with companies that I find objectionable.
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if everything is under control, you are not going fast enough (Mario Andretti)
it's not how fast you go, it's who gets there first
1 May 2004
10 hours 27 min
From an article about Darling's recent meeting with supermarkets and farmers:
The [UK] Government's official food inflation rate shows an annual increase of 6.6% - but this underplays the experience of many shoppers.
The Daily Mail Cost of Living Index has revealed a basket of food essentials has risen by 19.1% in a year.
This means a family spending £100 a week on food a year ago could well have to find an extra £1,000 this year to put the same items on the table.
Pasta is up by 81%, English butter by 62%, free-range eggs by 62%, Basmati rice by 61%, bread by 20% and milk by more than 16%.
22 November 2004
2 days 19 hours
Actually the problem is threefold, I think.
One part is that the "core inflation" numbers are really for economists, to see what happens to money supply, financial factors, and other economical factors that are supposedly scientific.
Because the price of food and transportation and rent fluctuates more than whatever the economists are really interested in, they filter that out.
Then there is cost of living for normal people. for everyone except very very rich people, this is dominated by exactly by what is filtered out. If you make, say, 1 million dollars or euros or pounds per year, you will still feel the effects of gasoline being twice as expensive as last year.
Say you are used to eating a nice lobster dinner, with filet mignon on the side, and a few bottles of good champagne. Now you can't afford it more than once a month. This can seriously crowd your style, and reduce how you impress your business partners.
The third part is that the political people have taken advantage of this. The have told us for something like 20 years that "core inflation" measures the cost of living. Convenient, is it not ?
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if everything is under control, you are not going fast enough (Mario Andretti)
it's not how fast you go, it's who gets there first
1 May 2004
10 hours 27 min
Outrageous profits and outrageous CEO pay aren't considered inflationary, but 'wages' are. And both of those are taxed at about half the rate that wages are taxed -- that is, for the small portion of them that isn't exempt altogether by tax loopholes.
Then there's also 'cost of living' wage increases, which, when they're given at all, are based on the core inflation number rather than the actual price hikes faced by the wage earners.
Yep, I also have a very Biblical view of 'interest' - it's the forbidden sin of usury. And the reason it's forbidden is because it encourages the worst in human nature, while squelching the best.
Esoterically, gold is supposed to be concretized heart energy (compassion, charity in the broadest sense of the word), and the same applies symbolically to any other form of money. But the world's money supply doesn't reflect our collective heart energy, and therefore it's spiritual purpose (evolution of consciousness), because it's constantly being dragged down into our collective solar plexus, where it's transformed into concretized greed instead.
Kat
12 April 2007
1 hour 1 min
As I mentioned elsewhere, the aztecs had a name for gold:
"Excrement of the Gods"
Kinda makes you think, doesn't it? :-)
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It's not the depth of the rabbit hole that bugs me...
It's all the rabbit SH*T you stumble over on your way down!!!
Red Pill Junkie
22 November 2004
2 days 19 hours
Actually it makes me think about the gold that has been made by some modern "music".
But that is another matter. But a lot of gold for sure.
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if everything is under control, you are not going fast enough (Mario Andretti)
it's not how fast you go, it's who gets there first
26 February 2005
3 years 43 weeks
When Bush was asked recently if we were in a recession, he said he would not answer that, that he would leave it up to his financial and economic experts to do that.
Here in North Carolina, things are very, very bad. Crime rate is up so much in Charlotte that home owners are hiring off duty police to patrol , using their home owner's association fees to pay for the patrol as opposed for the monies to go to cost of repairs.
North Carolina is a deprived economic state to begin with. Factories have closed everywhere beginning with 911 and people are foreclosing left and right. Gasoline, food, propane, all are out of control. Who can afford to drive to work, pay for meals, and heat their home unless they are very wealthy? The middle class took care of the lower class and now the middle class is being wiped out so now we are a larger lower class- the majority is poor and the few are wealthy - there seems to be no midline any more. The upper class have not provided for the lower class, they made the middle class pay the taxes to do that so the upper class could become even more wealthy.
I feel like the earth and humanity are both dieing out. I feel humans have done this - and part cycle of Earth. Earth will recover - and just go through another era. Modern humans will most likely nuke themselves out in one way or another. Why would any Universal Federation want Earth Humans to acquire real estate in the Cosmos just to blow up another planet and create more toxins to spread through out the galaxies?
I feel bad about the children who were born since the 70s, as those generations have more time left here and life is not good at all for them. Violent television shows, hard rap music filled with negative melodies and lyrics, terrorism that is mostly installed by our own governments and politicians who continue to lie and be bought off ( but, I guess that is how it always has been). Modern technology has been human's down fall. Before, humans took their time to survive and be productive, now they are lazy and dependent on others to tell them what and how to do anything it seems. Well, times are very bad globally - some are hit harder than others. If it is not our governments, corporations and such, it is earth changes and natural catastrophes...well........hang on to your panties and just try to help others as much as you can, and take care of yourself as much as you can. Be more independent if able and go back words in time when people grew their own food and helped each other build shelter- somewhat the tribal mentality maybe.
Dr. Colette M. Dowell ND
Circular Times
www.circulartimes.org
www.robertschoch.net
12 April 2007
1 hour 1 min
Why would any Universal Federation want Earth Humans to acquire real estate in the Cosmos just to blow up another planet and create more toxins to spread through out the galaxies?
Well... maybe they need janitors, and since we've grown so accostumed to living among garbage anyway... ;-)
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It's not the depth of the rabbit hole that bugs me...
It's all the rabbit SH*T you stumble over on your way down!!!
Red Pill Junkie