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The government deliberately forced inflation starting in the early 90s if not earlier. The housing market felt it first, and absorbed the excess money. Then the housing inflation collapsed, they pumped the inflation pump even harder we got stock market inflation. Then commodity inflation and finally inflation is making it to the local stores.
Don't think inflation is just starting, or that houses are deflating while other things are inflating. No, housing got its inflation first and got pumped up till the bubble blew, then the stock market, now commodities and everyday goods.
Why am I the only one to see the big picture?
Collapse is coming soon or later
No donation to ZH tiil TD gets rid of CNN-wanabe clowns like GW.
we are running out of money... we made a promice to buy shit we probably shouldnt to our selves... even if our children have to finish paying off the bills to walk in our shoes
to walk in our shoes man... to be lucky
The main reason food prices are soaring is because of peak oil, unless the food happens to be organic, and still due to transportation costs, it will continue to rise. The best and cheapest way to farm is now locally and organically, thank goodness. Long corn, fish, and crab meal and bat guano.
McFlation, bitchez. How ya like that Happy Meal?
Kleptonomia: n., theft by inflation of fiat money supply. Cf. Keynesian praxis, kleptonomics, kleptonomist, kleptonomy.
McDonald's = Government meal plan
Walmart = Government goods distribution/warehouse system
As always government does not provide the highest quality.
And Whole Foods will provide for the upper-middle/upper classes.
Federal Reserve Paying Banks Interest Rate That Is Eight Times Market Rate
The Fed is not paying an "interest rate". It's a bribe to keep the money out of the natural economy! Imagine the hell that would be paid if the vig stopped.
But but but the Chair Satan said it would only take 15 minutes...
minutes? , sorry you said ... he meant years.....
In defense of the banksters, I suppose, they are willing to use the money they don't pay on taxes to buy treasuries, i.e., loan it to us with interest. Hey, if we don't borrow it from them we don't have it to "save" them with . . . which would seriously impact earnings, eliminate bonuses and just blow the wonder of the Wealth Effect to Hell.
I paid into my SS but it was raided by politicians. Medicare is health insurance program going bankrupt due to corruption and more expensive in private sector due to quest for profit---both suck. But there is need for catastrophic health insurance. Human condition is to take from one another and that is why we need laws based on social norms. Not sure who will take your house with a gun if you pay your property tax and mortgage. However if your short on cash its your fault, or the economic system especially if your job in US has been outsourced overseas on a mass scale. Not sure of your point , but seem to be blaming unequel application of law and mans inability to understand his political envirionment---cant argue with that. Also detect your discontent which is good but get the reason and blame right
I have not had "Health Care Insurance" for probably 15 years. I pay out of pocket for any costs that may arise. Usually only about $500. a year.
Why are people so fixated on paying for "Health Care Insurance"? When you pay for it yourself without insurance you negotiate the price with the provider. With Health Care insurance you do not. That is why the costs are so high. Providers charge what they want because "Insurance" pays the bill.
So, what happens if I really have a huge Medical Bill? I will pay them $25. per month, maybe forever. As long as I pay them they cannot begin collection proceedings.
But, how much have I saved over 15 years by not paying? Tons and tons of Money. I am not suggesting you do the same but maybe you should look into a Catastrophic policy with a $10,000. deductible.
Why is everyone so afraid of being uninsured? The only people that are insured are the sick people. That is why Insurance is so high.
You have been fortunate, thankfully. My dad never had a sick day in his life until he was 66 and his aorta burst at his abdomen. (AAA). The first 31 days in TICU cost US $1.2 million. The next 5 months in a special hospital spent trying to wean him off his ventilator cost over US $1 million. The next 2 months at a brain injury place ( brain was injured as the body sent all blood to critical survival areas) cost (I can't remember). He lived at home a further 6 years at a cost over 1.4 million with a 24/7 RN, wages, placement fees as nurses came and went, plus all fees an employer pays. He had nursing home insurance, but wanted to be in his home and hey, it was his $$. I agree with part of your thrust that that for the most part people should expect to pay all their medical costs; yet all should have insurance to cover a catastrophic event, IMHO and experience. I think catastrophic-only insurance for all US citizens is plausible and could be cost effective if not government run. While dad was in the TICU, there were car accident victims who stayed longer and spent more. As we cannot plan for every moment of tragedy, at least one may opt for catastrophic health coverage. Disagree?
The whole underlying premise of insurance is: You insure for a loss that you cannot can not sustain yourself. Not in the business now but was many years ago. Milestones
Inflation, deflation who cares. Symptoms.
Man, the disease.
Can't stop trying to enslave other men.
Laws that appy to some but not others aren't really laws now are they?
Innovation is gone with incentives being replaced by thieving to pay entitlements. The zombies and their parties march on, distracted by platitudes and shallow issues. They make easy marks and are essentially slaves.
There's only one way to do things right, but billions or trillions [more appropriate] of ways to get it wrong.
tell some truth
America is getting what it deserves because we gave up on self reliance and national social justice and fairness for a blind faith in a capitalistic free wheeling global economy seeking cheapest labor at any subsequent consequence. When system froze up due to effort to keep Joe six-pack happy by shoving mortgages down his throat, banks were rewarded, instead of going out of business. Now we are pretending there is a recovery, when actually we have bankrupted entire system threatening reserve currency status with no possilbe way to repay mushrooming debt or engendering real national growth. Currently witnessing a mad scramble to hold anything of value but it will not save situation because entire system flawed . Changing system impossible without complete collapse and thats when all suffer including bankers and multinationals.
No one was forcing mortgages down anyone's throat. Borrowers share the blame in borrowing more money than they should to buy bigger houses than they should -- because borrowers are generally as greedy as the lender.
Not a banker. But few on this site see the borrowers as greedy and reckless in their borrowing. Borrowers are responsible for themselves.
Are you kidding? Don't you remember the way they advertised? And once they got you in the office they would do everything to put the deal over including encouraging the borrower to commit fraud and committing fraud themselves.
The suckers never stood a chance.
I watched the whole process from a distance. My first thought was, this is crazy. This whole thing can only end in disaster. My second thought was, well, are the borrowers crazy? Are the banks crazy? Is the government crazy? Or am I crazy? There must be something there I am not seeing.
It turned out there was plenty nobody was seeing but the point is, I am a fairly sophisticated real estate investor and I would have been sucked in. So what chance did the average borrower have? And let's not forget, half the people in the country are below average.
Actually, Bob, the ratio runs about 50/50 per my seat-of-the-pants statistical analysis. Oddly enough, it seems to be those who don't have an underwater mortgage who see borrowers as losers, and those who felt shafted by a banker or mortgage loan officer who see it the other way. Funny that, eh? In actuality, mortgages were marketed and promoted as a way to get a 4-wheeler, new car, vacation, or other amenity my milking your home mortgage. That puts much of the blame in the laps of the loan-makers. Securitization (a wholly Wall Street concoction) laid the foundation for the misdirection and skulduggery that did happen to some borrowers. The Fed had full authority to put a stop to all the foolishness, but they never raised a hand. In fact, if you recall, the Maestro praised the glory of it all. How does a regular J6P have defense against such formidable odds?
If there's capitalistic free wheeling and no regulation, why do we have 2,500,000 federal bureaucrats? What are they doing?
Your retarded social justice and fairness is stealing property at gunpoint.
You espouse thievery. You are a pile.
"the financial system is in worse shape than it was in 2008, according to Standard and Poors" is not what this says: "we believe the risks from the U.S. financial sector are higher than we considered them to be before 2008 ...."
Words matter. The phrase "than we considered them to be" changes the meaning considerably.
They are saying they are more worried today than in 2007. But recall they were not particularly worried at all in 2007 and missed the coming financial system dangers of 2008-09. They are finally waking up to the degree of risk out there, but it is unclear from the quote provided whether they see the actual risks today worse than 2007.
Banks now are just hedging rationally. But look behind the bankers to see WHY they make the bets. They are not making bets to lose money. They bet because inflation has been created by FED BAILOUTS.
Only solution is bonus clawback and wall st. tax....capital gains vs. income.
It's inflation (actually Hyperinflation but they won't say that until it's to late), and McDonalds and Walmart is telling the truth. I shop at Walmart and they where already making packages smaller and giving less for the same item a few months ago you would have gotten more back in early 2009. But this time it's exponentially going up and service is getting reduced. As an example I bought off and on precooked Tony Romas 24oz ribs, but now they have cut the package down to 3 servings (8oz's) per pack and costs 1 dollar less than the 24oz one that they don't carry anymore. This isn't inflation, it's hyperinflation and it's showing up slowly but surely.
You can rest assured that Walmart is making their money while they can. Package size, in-store promotions, and other marketing schemes will let them make money all the way down (up?). Walmart is not run by a bunch of dummies; they have the long-term mentality of the Chinese. Innovation and mechanization of the entire store operations have given them the ability to make money on very slim margins. Walmart is like the proverbial cockroach: They will survive the Kondratieff winter.
Walmart prices aren't even low anymore. Food prices are higher than at local supermarkets and prices of other things in line with other retailers. Apart from a few heavily advertised cheap items.
Just calm the f**k down,it's all temporary,prices can't continue to go up since wages are not going up.
So speaketh the word of the Bernanke.But what if the rises are permanent,continuous, and wages do not catch up,welcome to hell,Fed style bitchez?.
In the UK this change is permanent with a few upswings on a downward trajectory.
While there is such a culture of dependency fostering subclasses such as...whole communities with generations of unemployables, rich kids who hate whatever it is the uk stands for, apologist race relations with islam beginning to encourage 'patriotic' groups.
We can all stay calm but in the uk u better start shitting it and listening to some of the guns n ammo guys around here.
but Big Ben is hitting his inflation targets....just move into a cheaper house and you ll be good
DON'T WORRY!! WHEN WE DIE, GOD WILL EXPLAIN EVERYTHING TO US!
the holocaust, this crisis, The fraud... it will all make sense...
You will ask the gods while they circle a pipe and they will say, "Yeah, you humans totally fucked up."
Thanks be to Allah
What's the big fucking mystery?
Man seeks to enslave other men.
has any body checked the price
of good delivery bars
at walmart lately......
And exactly what else is new? President Obama is an empty suit corporatist. Corporate profits are way up on the assumption that this would lead to recovery. It did not because the beneficiary corporations did not hire or expand they merely paid out larger bonsuses. Nevertheless this fact will not change policy because at the end of the day the President never had an original idea in his life. He has no center. He does what his corporate masters ask or more properly cadjole him to do. And with his huge want for election funds if you think anything is going to change you are in denial.
Erm, no, private business is to him just another tool for getting more power, to create more crisis, to get more power. He taught a course for ACORN on how to agitate to get ever more power, hung out with types at Columbia who dreamt of crashing the system by overloading it, went to an anti-american "church" for twenty years of rants against the american dream, was raised by anti-american nut jobs, launched his political career at a meeting at the home of an avowed terrorist, married a privileged woman who believes "America is a downright mean country" and on and on.
So, no, this guy is not an empty suit. He has an agenda. The agenda is right on track. A pro-american president would have vetoed the shit out of Congress' obviously irresponsible "spend till you puke" train wreck of a legislative agenda that started early in 2007.
Speaking of spend till you puke, I'm pretty sure the Iraq war started in 2003. If the government really really insists on wasting an extra hundred billion a year, I'll choose welfare for Americans instead of killing people overseas any day of the week. And last I checked Tarp was rammed through by a Republican president. Or has Dubya retroactively changed parties?
the two party mental slave plantation is kabuki theater. both establishment candidates are owned by the same corporate interests.
study their continuity of agenda and you will identify what is important to their corporate masters.
This is impossible.
I (Obama) and my faithful cohorts (Timmy and Bubbles) have told you, and we repeat now, there is NO INFLATION in America.
Everything is under control and going according to plan.
And pigs can fly. So Obama said before, jobs jobs jobs is his priority. WTF. Could have had a teleprompter as a president.
Thank goodness we have the Republican House working day and night on a jobs bill.
Yes, we need another government jobs bill because 2,500,000 federal bureacrats aren't enough.
$200 million an HOUR is stolen from jobs producing small businesses by globalist mega corporations. the money is LEGALLY MANDATED to go to american small businesses and they just steal it.
they don't want to create jobs, they want to STEAL.
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