Inflation – Has it arrived?

[SD Realtor]

Nice try pr. I did not ask you what you feed your kids. Feel free to reread my post.

What I saked you was do you feed them the same thing day after day. The illustration was made to you or anyone who has kids to prove that feeding them the same thing day after day is not a realistic method of “coping”. Maybe you do though and maybe you don’t.

I will add one more question though. I believe that as the cost of basic food, water, energy fuel and services goes up, that the disparity between the haves and have nots will grow. That these conditions will create make it harder on our govt, not easier. I also believe that it will increase the welfare burden. While those with means will “cope” many will find it very very hard to cope. Those are my thoughts without making a personal attack on you (which I have not done) or Brian, (which I have done).

If you disagree that is fine, you want to present your case and I will debate it in a civil manner. If you do not want to answer the other questions that I posed to you then that is okay with me.

bg – I agree with your point and didn’t imply you were whining or could not cope. You do not need to point out the shortcomings of our govt subsidization to me.

[sobmaz]

[quote=kev374]unless wages go up how can there be inflation? Sure, commodities can go up because there is some fixed demand (people have to buy food, pay for gas, heating etc.) but any inflation in commodities will be at the expense of other asset classes I think.

Wages are definitely not going up but are dropping. If people don’t have more money I don’t see how there can be inflation regardless of how much Uncle Ben prints.[/quote]

You have got to be kidding?…..It is called falling living standards
!
I will explain it to you.

Your wages stagnate, the prices of the things you consume go up so you buy less. Does that mean prices on SOMETHING must fall because you consume less overall? NO!!!!! There are 2 billion people rapidly demanding resources as never before!! If you can’t afford to fill your gas tank as often as you did, it doesn’t matter, others will use that oil.. If you can’t buy that beef, someone else in Asia will.

Besides that argument, ever heard of Zimbabwe? There unemployment is super high yet they have massive inflation. The only difference is we have a world reserve currency, they don’t. Really the only difference between zimbabwe and the U.S. is in the faith of the creditors.

Lastly, I know people could care less but if you use the inflation formula from the Clinton Era our inflation rate today is now 5%, and if you use the Federal inflation formula from the Carter era inflation today is running around 8%.

People like to dismiss the old formulas saying…”Well if they don’t use it anymore, it must have been flawed and the formula they use today must be more realistic”.

The fact is the Federal Government has trillions of reasons why it benefits from highly manipulated low inflation rate. You would only be fooling yourself to think there is not a motive to understate.

Why else is everything that is limited in supply triple the 1990 price while official inflation is only up 50%?

From housing to gold, silver, medical care, food and oil, everything is up 300% except the inflation rate……and oh yes, that plastic garbage can from China was 15.00 in 1990 and is now 10.00. B.F.D.!

[sobmaz]

[quote=kev374]unless wages go up how can there be inflation? Sure, commodities can go up because there is some fixed demand (people have to buy food, pay for gas, heating etc.) but any inflation in commodities will be at the expense of other asset classes I think.

Wages are definitely not going up but are dropping. If people don’t have more money I don’t see how there can be inflation regardless of how much Uncle Ben prints.[/quote]

You have got to be kidding?…..It is called falling living standards
!
I will explain it to you.

Your wages stagnate, the prices of the things you consume go up so you buy less. Does that mean prices on SOMETHING must fall because you consume less overall? NO!!!!! There are 2 billion people rapidly demanding resources as never before!! If you can’t afford to fill your gas tank as often as you did, it doesn’t matter, others will use that oil.. If you can’t buy that beef, someone else in Asia will.

Besides that argument, ever heard of Zimbabwe? There unemployment is super high yet they have massive inflation. The only difference is we have a world reserve currency, they don’t. Really the only difference between zimbabwe and the U.S. is in the faith of the creditors.

Lastly, I know people could care less but if you use the inflation formula from the Clinton Era our inflation rate today is now 5%, and if you use the Federal inflation formula from the Carter era inflation today is running around 8%.

People like to dismiss the old formulas saying…”Well if they don’t use it anymore, it must have been flawed and the formula they use today must be more realistic”.

The fact is the Federal Government has trillions of reasons why it benefits from highly manipulated low inflation rate. You would only be fooling yourself to think there is not a motive to understate.

Why else is everything that is limited in supply triple the 1990 price while official inflation is only up 50%?

From housing to gold, silver, medical care, food and oil, everything is up 300% except the inflation rate……and oh yes, that plastic garbage can from China was 15.00 in 1990 and is now 10.00. B.F.D.!

[sobmaz]

[quote=kev374]unless wages go up how can there be inflation? Sure, commodities can go up because there is some fixed demand (people have to buy food, pay for gas, heating etc.) but any inflation in commodities will be at the expense of other asset classes I think.

Wages are definitely not going up but are dropping. If people don’t have more money I don’t see how there can be inflation regardless of how much Uncle Ben prints.[/quote]

You have got to be kidding?…..It is called falling living standards
!
I will explain it to you.

Your wages stagnate, the prices of the things you consume go up so you buy less. Does that mean prices on SOMETHING must fall because you consume less overall? NO!!!!! There are 2 billion people rapidly demanding resources as never before!! If you can’t afford to fill your gas tank as often as you did, it doesn’t matter, others will use that oil.. If you can’t buy that beef, someone else in Asia will.

Besides that argument, ever heard of Zimbabwe? There unemployment is super high yet they have massive inflation. The only difference is we have a world reserve currency, they don’t. Really the only difference between zimbabwe and the U.S. is in the faith of the creditors.

Lastly, I know people could care less but if you use the inflation formula from the Clinton Era our inflation rate today is now 5%, and if you use the Federal inflation formula from the Carter era inflation today is running around 8%.

People like to dismiss the old formulas saying…”Well if they don’t use it anymore, it must have been flawed and the formula they use today must be more realistic”.

The fact is the Federal Government has trillions of reasons why it benefits from highly manipulated low inflation rate. You would only be fooling yourself to think there is not a motive to understate.

Why else is everything that is limited in supply triple the 1990 price while official inflation is only up 50%?

From housing to gold, silver, medical care, food and oil, everything is up 300% except the inflation rate……and oh yes, that plastic garbage can from China was 15.00 in 1990 and is now 10.00. B.F.D.!

[sobmaz]

[quote=kev374]unless wages go up how can there be inflation? Sure, commodities can go up because there is some fixed demand (people have to buy food, pay for gas, heating etc.) but any inflation in commodities will be at the expense of other asset classes I think.

Wages are definitely not going up but are dropping. If people don’t have more money I don’t see how there can be inflation regardless of how much Uncle Ben prints.[/quote]

You have got to be kidding?…..It is called falling living standards
!
I will explain it to you.

Your wages stagnate, the prices of the things you consume go up so you buy less. Does that mean prices on SOMETHING must fall because you consume less overall? NO!!!!! There are 2 billion people rapidly demanding resources as never before!! If you can’t afford to fill your gas tank as often as you did, it doesn’t matter, others will use that oil.. If you can’t buy that beef, someone else in Asia will.

Besides that argument, ever heard of Zimbabwe? There unemployment is super high yet they have massive inflation. The only difference is we have a world reserve currency, they don’t. Really the only difference between zimbabwe and the U.S. is in the faith of the creditors.

Lastly, I know people could care less but if you use the inflation formula from the Clinton Era our inflation rate today is now 5%, and if you use the Federal inflation formula from the Carter era inflation today is running around 8%.

People like to dismiss the old formulas saying…”Well if they don’t use it anymore, it must have been flawed and the formula they use today must be more realistic”.

The fact is the Federal Government has trillions of reasons why it benefits from highly manipulated low inflation rate. You would only be fooling yourself to think there is not a motive to understate.

Why else is everything that is limited in supply triple the 1990 price while official inflation is only up 50%?

From housing to gold, silver, medical care, food and oil, everything is up 300% except the inflation rate……and oh yes, that plastic garbage can from China was 15.00 in 1990 and is now 10.00. B.F.D.!

[sobmaz]

[quote=kev374]unless wages go up how can there be inflation? Sure, commodities can go up because there is some fixed demand (people have to buy food, pay for gas, heating etc.) but any inflation in commodities will be at the expense of other asset classes I think.

Wages are definitely not going up but are dropping. If people don’t have more money I don’t see how there can be inflation regardless of how much Uncle Ben prints.[/quote]

You have got to be kidding?…..It is called falling living standards
!
I will explain it to you.

Your wages stagnate, the prices of the things you consume go up so you buy less. Does that mean prices on SOMETHING must fall because you consume less overall? NO!!!!! There are 2 billion people rapidly demanding resources as never before!! If you can’t afford to fill your gas tank as often as you did, it doesn’t matter, others will use that oil.. If you can’t buy that beef, someone else in Asia will.

Besides that argument, ever heard of Zimbabwe? There unemployment is super high yet they have massive inflation. The only difference is we have a world reserve currency, they don’t. Really the only difference between zimbabwe and the U.S. is in the faith of the creditors.

Lastly, I know people could care less but if you use the inflation formula from the Clinton Era our inflation rate today is now 5%, and if you use the Federal inflation formula from the Carter era inflation today is running around 8%.

People like to dismiss the old formulas saying…”Well if they don’t use it anymore, it must have been flawed and the formula they use today must be more realistic”.

The fact is the Federal Government has trillions of reasons why it benefits from highly manipulated low inflation rate. You would only be fooling yourself to think there is not a motive to understate.

Why else is everything that is limited in supply triple the 1990 price while official inflation is only up 50%?

From housing to gold, silver, medical care, food and oil, everything is up 300% except the inflation rate……and oh yes, that plastic garbage can from China was 15.00 in 1990 and is now 10.00. B.F.D.!

[briansd1]

I eat oatmeal with hot water everyday that I have breakfast. Most of the time, I skip breakfast because fasting is good for me. I purposely skip meals.

Why do kids needs packaged orange juice, premade yogurt and frozen pizza?

How about making them wholesome meals? Kids should sit down and eat during meal time. They should not open the fridge and help themselves with premade junk.

Food has been consuming a declining share of income in America. If our grandparents could cope and feed us to become productive adults, why can’t the parents of today do the same?

Here’s the data:
http://mjperry.blogspot.com/2010/07/as-share-of-income-americans-have.html

We are a wasteful society and we like to stuff ourselves with junk.

[briansd1]

I eat oatmeal with hot water everyday that I have breakfast. Most of the time, I skip breakfast because fasting is good for me. I purposely skip meals.

Why do kids needs packaged orange juice, premade yogurt and frozen pizza?

How about making them wholesome meals? Kids should sit down and eat during meal time. They should not open the fridge and help themselves with premade junk.

Food has been consuming a declining share of income in America. If our grandparents could cope and feed us to become productive adults, why can’t the parents of today do the same?

Here’s the data:
http://mjperry.blogspot.com/2010/07/as-share-of-income-americans-have.html

We are a wasteful society and we like to stuff ourselves with junk.

[briansd1]

I eat oatmeal with hot water everyday that I have breakfast. Most of the time, I skip breakfast because fasting is good for me. I purposely skip meals.

Why do kids needs packaged orange juice, premade yogurt and frozen pizza?

How about making them wholesome meals? Kids should sit down and eat during meal time. They should not open the fridge and help themselves with premade junk.

Food has been consuming a declining share of income in America. If our grandparents could cope and feed us to become productive adults, why can’t the parents of today do the same?

Here’s the data:
http://mjperry.blogspot.com/2010/07/as-share-of-income-americans-have.html

We are a wasteful society and we like to stuff ourselves with junk.

[briansd1]

I eat oatmeal with hot water everyday that I have breakfast. Most of the time, I skip breakfast because fasting is good for me. I purposely skip meals.

Why do kids needs packaged orange juice, premade yogurt and frozen pizza?

How about making them wholesome meals? Kids should sit down and eat during meal time. They should not open the fridge and help themselves with premade junk.

Food has been consuming a declining share of income in America. If our grandparents could cope and feed us to become productive adults, why can’t the parents of today do the same?

Here’s the data:
http://mjperry.blogspot.com/2010/07/as-share-of-income-americans-have.html

We are a wasteful society and we like to stuff ourselves with junk.

[briansd1]

I eat oatmeal with hot water everyday that I have breakfast. Most of the time, I skip breakfast because fasting is good for me. I purposely skip meals.

Why do kids needs packaged orange juice, premade yogurt and frozen pizza?

How about making them wholesome meals? Kids should sit down and eat during meal time. They should not open the fridge and help themselves with premade junk.

Food has been consuming a declining share of income in America. If our grandparents could cope and feed us to become productive adults, why can’t the parents of today do the same?

Here’s the data:
http://mjperry.blogspot.com/2010/07/as-share-of-income-americans-have.html

We are a wasteful society and we like to stuff ourselves with junk.

[socrattt]

SDR and PR, you both bring up some very interesting and valid points and both arguable to some extent.

It’s no surprise that we all pretend to understand the current crisis or predict where it will go, but at the end of the day we could all be wrong. To argue SDR’s point just for a moment, I think there are some core differences of growing up with very little on a steel worker’s income compared to a completely different generation where the young depend on their next social media fix.

There’s an obvious truth that doesn’t require numbers or statistics and that’s the fact that this generation relies heavily on the government and many lack the ability to survive on their own.

I own lots of land, plenty of metals, some grains and many other tools allowing me to survive any sort of crisis. But the truth is I don’t trust myself because I’ve never had to. I’m in my early thirties and worked solely from a computer my entire adult life. Would I cope? Maybe, but there’s no certainty as I’ve been lucky to have planted one tree and a couple of flowers since I was a child. Maybe I’m abnormal or maybe that’s most of the people in my age bracket. We’ve just grown up in an entirely different generation.

I certainly didn’t grow up with a silver spoon. In fact I supported my poor mother at the age of 12. But truthfully I don’t even call that struggling. America gave me the ability at 12 to thrive and survive. Those same tools are slowly dwindling for many and the real question is what will happen if America really does take a turn for the worse? No one has the answer, but I will say that everyone better stock up on their Xanax because there will be a high level of young, anxious people in this country if something does go wrong. Could you imagine no Facebook or Twitter? I wouldn’t be able to see what my buddy John had for dinner or read another has been Charlie Sheen tweet.

[socrattt]

SDR and PR, you both bring up some very interesting and valid points and both arguable to some extent.

It’s no surprise that we all pretend to understand the current crisis or predict where it will go, but at the end of the day we could all be wrong. To argue SDR’s point just for a moment, I think there are some core differences of growing up with very little on a steel worker’s income compared to a completely different generation where the young depend on their next social media fix.

There’s an obvious truth that doesn’t require numbers or statistics and that’s the fact that this generation relies heavily on the government and many lack the ability to survive on their own.

I own lots of land, plenty of metals, some grains and many other tools allowing me to survive any sort of crisis. But the truth is I don’t trust myself because I’ve never had to. I’m in my early thirties and worked solely from a computer my entire adult life. Would I cope? Maybe, but there’s no certainty as I’ve been lucky to have planted one tree and a couple of flowers since I was a child. Maybe I’m abnormal or maybe that’s most of the people in my age bracket. We’ve just grown up in an entirely different generation.

I certainly didn’t grow up with a silver spoon. In fact I supported my poor mother at the age of 12. But truthfully I don’t even call that struggling. America gave me the ability at 12 to thrive and survive. Those same tools are slowly dwindling for many and the real question is what will happen if America really does take a turn for the worse? No one has the answer, but I will say that everyone better stock up on their Xanax because there will be a high level of young, anxious people in this country if something does go wrong. Could you imagine no Facebook or Twitter? I wouldn’t be able to see what my buddy John had for dinner or read another has been Charlie Sheen tweet.

[socrattt]

SDR and PR, you both bring up some very interesting and valid points and both arguable to some extent.

It’s no surprise that we all pretend to understand the current crisis or predict where it will go, but at the end of the day we could all be wrong. To argue SDR’s point just for a moment, I think there are some core differences of growing up with very little on a steel worker’s income compared to a completely different generation where the young depend on their next social media fix.

There’s an obvious truth that doesn’t require numbers or statistics and that’s the fact that this generation relies heavily on the government and many lack the ability to survive on their own.

I own lots of land, plenty of metals, some grains and many other tools allowing me to survive any sort of crisis. But the truth is I don’t trust myself because I’ve never had to. I’m in my early thirties and worked solely from a computer my entire adult life. Would I cope? Maybe, but there’s no certainty as I’ve been lucky to have planted one tree and a couple of flowers since I was a child. Maybe I’m abnormal or maybe that’s most of the people in my age bracket. We’ve just grown up in an entirely different generation.

I certainly didn’t grow up with a silver spoon. In fact I supported my poor mother at the age of 12. But truthfully I don’t even call that struggling. America gave me the ability at 12 to thrive and survive. Those same tools are slowly dwindling for many and the real question is what will happen if America really does take a turn for the worse? No one has the answer, but I will say that everyone better stock up on their Xanax because there will be a high level of young, anxious people in this country if something does go wrong. Could you imagine no Facebook or Twitter? I wouldn’t be able to see what my buddy John had for dinner or read another has been Charlie Sheen tweet.

[socrattt]

SDR and PR, you both bring up some very interesting and valid points and both arguable to some extent.

It’s no surprise that we all pretend to understand the current crisis or predict where it will go, but at the end of the day we could all be wrong. To argue SDR’s point just for a moment, I think there are some core differences of growing up with very little on a steel worker’s income compared to a completely different generation where the young depend on their next social media fix.

There’s an obvious truth that doesn’t require numbers or statistics and that’s the fact that this generation relies heavily on the government and many lack the ability to survive on their own.

I own lots of land, plenty of metals, some grains and many other tools allowing me to survive any sort of crisis. But the truth is I don’t trust myself because I’ve never had to. I’m in my early thirties and worked solely from a computer my entire adult life. Would I cope? Maybe, but there’s no certainty as I’ve been lucky to have planted one tree and a couple of flowers since I was a child. Maybe I’m abnormal or maybe that’s most of the people in my age bracket. We’ve just grown up in an entirely different generation.

I certainly didn’t grow up with a silver spoon. In fact I supported my poor mother at the age of 12. But truthfully I don’t even call that struggling. America gave me the ability at 12 to thrive and survive. Those same tools are slowly dwindling for many and the real question is what will happen if America really does take a turn for the worse? No one has the answer, but I will say that everyone better stock up on their Xanax because there will be a high level of young, anxious people in this country if something does go wrong. Could you imagine no Facebook or Twitter? I wouldn’t be able to see what my buddy John had for dinner or read another has been Charlie Sheen tweet.

[Author]

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