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The almighty dollar is looking less mighty these days. By almost every measure, the purchasing power of the US dollar is in precipitous decline.
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Thank you, BernanQE, I can now buy less than 1/4th a loaf of bread as my parents used to buy.
Actually, even less. Your parents bought bread. You are buying bread flavored loaf -- now with real bread flavoring.
Would that be Soylent White?
I like the sourdough Soylent myself.
It's Sheeple!!!!!
It's magic!
Actually all I really care about (and can influence) is my own (and family's) financial circumstances.
The Yen (and perhaps soon Korea's Won) are in freefall, which for now gives us a good deal on bearings from those countries.
In a way it is sad that I now feel that way. Thanks .gov and Fed. Thanks a lot.
Pretty much puts everyone else in the "bearing" straights?
HARDY-HAR-HAR!
Now that's just cold...
One more for FEMA Camp. Next!
Crash Course Chapter 10: Inflation
I see that "Mad Arrow" is on board tonight. Purse your lips, pucker up and kiss my ass Mad Arrow.
Dude with the Yen breaching 100 I think it's the Japanese consumer who deserves the most sympathy right now.
How much does a loaf cost made of saw dust, coming to a store near you soon!!
"wheat is the anti-christ"
It's in decline, but stronger than many others, it's the reserve currency, but everyday we need more of it to do the things we are used to doing.
The worst part is that eventhouvh economists recognize that what they do is not a science and that most of the time they are wrong. Their true honest intellectuals are honestly convinced that they are right and that the problem is not enough fiscal deficit spending. Oh and they call me a brilliant mind with "novel ideas" when I challenge them in their own turf. But they d9nt have time to give them a try ansd see the falacy in their models and understanding. It seems that the only way to challenge them would be to do a PhD in finance and prove them wrong. I dont know that there iss enough time. At the same time I dont know that there isnt...
Until next time,
Engineer
"Their true honest intellectuals are honestly convinced that they are right and that the problem is not enough fiscal deficit spending."
I disagree. They are intentionally trying to take the system down do as to usher a new system in. Prepare accordingly.
- also an engineer, if that makes a difference.
Engineer #3 (me) agrees with engineer #2's disagreement about engineer #1's post. We are seeing an orchestrated collapse. A poorly ocrchestrated one, but orchestrated nonetheless. You're either in their club or you aint. If you in, you better have some damn good doublespeak and be able to doublethink like a champ.
And Bryers's Frozen Dairy Dessert? That would be Soylent Cream,
LTER, thanks that was great.
Something else very satisfying to make yourself. It's easy to do especially with a bread machine and it's not very expensive. The smell of freshly baked bread is fantastic. I have a loaf of honey oatmeal whole wheat just finishing up and the aroma has filled the house.
Thanks, Martha. Got any stock tips?
Sure. Buy low, sell high.
Jena,
That is so 80's.
The new paradigm is buy high, sell higher.
Thanks to the Fed, the greater fool theory now reigns supreme.
I guess that's why we're on the sidelines, other than PMs. We got out with a profit but we're happy to leave it to those more clever -- or foolish, as you say AB.
I'd rather bet on my my husband's business than risk it in the market where nothing appears sustainable.
On the upside there, bronze is cheaper than it's been in years, a side effect of cheap copper.
BERNANKE SAVED THE WORLD!!! THE WORST IS OVER!!! JUST BTFD!!!
Buy high! That has so many double meanings.
I only buy high. I sell depressed.
I thought these days it was simply BTFD.
The "market" can only go up, ergo it is lower now than it will be soon, ergo in a dip relative to the future, ergo buy now.
Bread is a big part of why there are so many fat people in the US. Maybe yours is slightly more healthy than most but im sure it still has a relatively large amount of fat and some type of sweetener in it.
MADE WITH REAL FRUIT JUICE*
*contains less than 1% juice
"real bread flavoring" good to know there's still some room for further food debasement.
We still have room for "bread flavoring" then "simulated bread flavoring", and "loaf" has unlimited potential for food debasement.
OT, but a nice recap of Benghazi.
"America has a rare second chance to stem the tide of tyrannical oppression which is sweeping this country. Every American needs to become a citizen journalist through the upcoming summer. Each American needs to become responsible for spreading the truth about the criminals who have hijacked our government. I am not seeking a revolution against the United States government, I am seeking to drive the criminals from power who have hijacked our government. These criminals are destroying this country through abuse of power, malfeasance of office, treason against the Constitution of the United States, fraud, theft and ultimately murder. They need to be brought to justice at all costs. Obama and Clinton need to be tried for first degree murder for the planned death of Chris Stevens.
Testimony of government whistle-blowers has established the fact that there was plenty of opportunity for the Obama administration to save the life of Ambassador Stevens and his security detail. However, the Communist News Network (CNN) as well as ABC, NBC and CBS refuse to provide any meaningful coverage of the C-Span televised congressional hearings. However, the truth is out there on Youtube and all through the internet. I don’t care if the MSM refuses to cover the first degree murder of Chris Stevens carried out at the behest of key members of the Obama administration. We, the general public can take this information and disseminate it to a dozen colleagues, friends and family members because the present congress will not act.
The Memory of Chris Stevens Cries Out for JusticeChris Stevens and his security team need not have died in vain. The circumstances surrounding his death give freedom-loving Americans the chance to expose elements of the NWO to the unaware public. Over the next week to 10 days, we are going to see a multitude of evidence which shows the following facts:
How come they wanted Stevens dead? That's the part I must have missed.
Just trying to get all the puzzle pieces sorted by pattern.
"...planned death of Chris Stevens."
The only thing that makes sense is if they were in fact running guns to AQ affiliates in Syria. He was a lose end.
I don't subscribe to this theory of "a hit" as there are plenty of people that would know what he knew as well, up & down the food chain/command structure. I think everyone knows my lack of respect for O'Barry & Hitlary, I'd love to nail em to the wall on something like that...but I don't think so.
More than likely its just what it is as we know so far...bloated, bureaucratic, incompetence. Other nations had already moved out their staff or increased security, throughout Libya, which is what is coming out now...they were asking for more security and were refused...plus they farmed out "guards" to the locals.
Then when TSHTF they froze. The big question is where was "our" Commander in Chief that night, apparently sleeping, while Americans were being slaughtered.
Yep. Hanlon's Razor. "Explains" a lot more than I formerly sheepishly believed. Even in my backyard.
wood kiln baked
sourdough french ...
let them eat
real bread..
Yeah, and you make five times as much as your dad made a month... Kind of adds upp, does it not?
Actually, no.
Then you need a new job.
What … You got bread in your house? It really throws salt on the wounds when the rich people come here to brag and rub it in.
You didn't bake that.
Bread and dark chocolate are up over 100%...gold up over 100% from it's $700/oz level.....silver used to be about $10/oz....even a can of sardines is up over 100%....Anyone who does not see this is blind.
Other things that were already overpriced (like housesand clothes) are plunging but have levelled off a little for awhile at last before they continue their correction downward.
I take in less than 1500 calories per day. Feel great
Food is so over-rated
Yikes, I would die at that level. I am at 3500-4k per day. Real food though.
pods
Amen to real food. the surprising thing about produce; it is generally cheap in comparison to say, a box of cheese it's. Just takes a bit more work to prep it and get it to the tabIe.
1500 calories.....sounds like a normal breakfast to me.
Yeah, all true, but it's goin' to the MOON is the next few months...CRASHVILLE is here
That's why holding a fair amount of genuine FIAT dollars is not a bad idea. Three months expenses if possible. Good diversification that many people never think of.
+1. Cash may not rule everything around me, but it does rule some.
Out of curiosity, can you tell me one person it doesn't rule?
Truth is that fiat works fine as a medium of exchange. Who holds cash over the long haul? So what if the few $$$ in your safe loose 2% a year?
The problems start when we hold fiat (and derivatives) as a store of value. That forces us to earn a return..or try to...to keep up with inflation.
The big lie is that the dollar is as good as gold. It is not.
lasvegaspersona "Truth is that fiat works fine as a medium of exchange. Who holds cash over the long haul? So what if the few $$$ in your safe loose 2% a year?
The problems start when we hold fiat (and derivatives) as a store of value. That forces us to earn a return..or try to...to keep up with inflation. The big lie is that the dollar is as good as gold. It is not."
Comment
Very few people actually hold derivatives or even trade derivatives as a measure of the population.
And since you stated: "Truth is that fiat works fine as a medium of exchange. Who holds cash over the long haul? So what if the few $$$ in your safe loose 2% a year?",.
You have taken fiat out of the equation. In a way I disagree. The FRB has created an illusion of stability of the fiat currency system by keeping interest rates artificially low and additionally buying debt of at least $85 billion a month. When this mirage ends, and we have all been waiting and speculating on this ending, it will be horrible.
Quite frankly, this thread is misleading. Just yesterday (5-09-2013), a thread was posted about the rising dollar and the falling of commodities.
Sometimes when I come here lately, I feel like I am on Yahoo News which often has articles that contradict each other.
Deflation is the problem. Can you tell me why after trillions of money has been printed, why prices aren't much higher?
Do you recognize that there are trillions in debt that offset what is being printed?
Do you know that in a deflationary period such as after 1929, many people expected inflation (because of massive printing), but were wrong and they saw declining commodity prices and a rising dollar?
It matters when you are paid in fiat and your income does not increase along with the inflation.
Very common sense thinking. thumbs up.
Until the dollar is dead, it is still the way debts are resolved. I have said this for over a year now on ZH. Holding some PMs is still a good thing because eventually the dollar will collapse and you want PMs for the breif time of turmoil.
It's funny when I get down arrows from PM bugs even though I hold some PMs. But history has shown that in a deflationary environment, most commodities including PMs go down as people and nations need to raise cash (US Dollar currency reserve) to settle debt obligations.
Another thread suggested the dollar rise was the result of margin calls. That is the same thing.
I would suggest at least 3 months of fiat and PMs stored for a time of turmoil. And don't forget your food, gun and ammo storage.
Keep some of it in smaller bills. All I had were 100's and one of the web sites I read, Canada Free Press with Doug Hagmann mentioned that some smaller bills were a good idea. I had not thought about it. Next trip to the bank I cashed a 7K check and ask the teller to give it in 10's and 20's. Here eyes got big and she ALL OF IT, yes mam, please
My eyes have lied to me my whole life. America! Fuck Yeah!
It's the end of empire or a pause for breath
She'll b right mate
Bernanke looked miserable today. I revel in that.
He should count himself as one of the luckiest bastards of all time. Once, in this country, those who debased the money were executed; now, they get the bearded lady, Paul Krugman, to lick their sacks.
I noticed Bernanke shaved part is his beard. Shouldn't he have gone on the run first before changing his appearance?
Wife says she spotted him in a hoodie the other day at Walgreens buying hair dye.
The shrinking YUAN ? The second that this (usd/cyn) symbiotic relationship breaks?
Curious YC what you would consider shorting if the Fed is truly leaving the easing business.
I would short the human population for starters,
lol ... consumer staples.
Agree.
Long next life.
What would you short?
If....and it is a giant if...the fed exited QE....and this is just my insanity...I would short any High yield bond I could find, and and MBS I could find. I would actually go long treasuries as money all over the planet would still stupidly decide safety is in UST's.
I'd short the shit out of the aussie dollar as gold would crash hard. I would take every single dollar I had from those gains, if I had any, and buy as much real assets as I could find. Because the subsequent crash in equities would end up in QE7 being unleashed. At that point I expect a worldwide treasury dump and game over.
Anyway, you?
Seems plausible. Some of these equities with extreme PE's are attractive from a short perspective. (see below). I'm also considering FOSL which is not an extreme PE but to me looks like when it breaks down it really breaks down.
I agree with much of what you are saying. I think the Fed sees the gold shortage as the major issue they have to deal with directly. Delivery of gold to individuals is causing the banks lots of headaches. Therefore lesser amounts of QE can and will take the pressure off of the gold price. All commodities got absolutely slammed today. I think someone knows whats about to come down from the Fed.
I would short atheism if it gets that bad........
what's the ticker symbol?
Styx
I thought it was DOG
Fonz....that was a pleasant fiction.....but.....the giant "IF"....is too laughable to even fathom.
ONLY if the entire Congress, K street, and the Fed were wiped out in a giant sudden tsunami - and then Rand or Ron Paul got in power, would that ever happen.
The Fed is thinking up USD to infinity - they have no other choice now.
Go long body bags and lead blend Sunscreen.
As Fonz and other fantastic posters have postulated. Buy lower denominations of gold, silver, and platinum coinage. Buy bullion for emergencies. (50toz bars) purchase rent, cars, ect...
I trade fiat for a living. I have been honest and show my trades. Buy/hoard, gold silver platinum copper (ferritic metals) ect.
I hope you did not think I was calling you out. I just know you trade quite a bit and I value your opinion. I'm looking for shorts of some equities that have bloated PE's or no earnings at all. TSLA, LNKD, AMZN are on my radar along with some others. What do you think?
I think bond yields are showing something nasty.
How can multinational corps. be profitable with this sudden surge in the dollar? I think that borrowing costs are delusional.
As a landlord, I have zero interest in property acquistion. We're selling off the equity exuberance.
I will also say that I see many of these same firms buying their own stock with buybacks and essentially creating the earnings per share beat from these buybacks. When the market doesn't continue higher guess what all of a sudden happens to these EPS estimates.
Exactly/
It seems a lot of people have the same idea. Good link from today on this topic: http://www.stansberryresearch.com/growth-stock-wire/
I work in a global capital equipment business and signs are decidedly mixed at the moment. Solid equipment sales and movement in the pipeline toward more - activity in all major markets around the world is greater than or equal to last year. Also executive recruiting activity has shot up noticeably in the recent weeks. Finally, the dollar euro cross is roughly equal year over year in its impact YTD so no significant difference from FOREX for 2/3 +/- of the world economy from this influence. (yet)
Yen Cross
You make a good case for owning small gold coins as well...
Coins have intrinsic and tradable value.
If I walk into 7/11 with a 50 toz bar of siver to buy a slurpee? It's pretty hard to make change.
sign on the wall at local Oxford assay shop..
all transactions over 4 thou
must/will be reported to the IRS....
so if you tryed to sell 100 oz bar when silver was 42 $
you got paper trailed..
one might consider buying smaller ,more kilos 32 oz
silver would need 130 $ price to reach reportable limits
one ounce silver rounds best for barter trade..
one tenth oz gold coins ..smaller increments ..
this dollar game is about done..
the snow is melting spring on the tundra
enjoy..
In the crash of 2007/2008 it was obvious to me to short financials because of sub prime. I'm wondering if there is anything that obvious this time in your estimation.
Yen, what size coinage? Going to pick up a monster box wed and thought I would buy some gold coins, size?
You're a smart person. Who's the winner when everyone is playing the same game?
He with the most gold?
Clearly, it was when we attempted to adopt the metric system when it all went stinky....
It was the failure to adopt the metric system that caused the US to spirol into the present position directly above the toilett bowl.
The US shut itself out of a good amount of International Trade by NOT adopting the metric system. While most of the world transitioned to the metric system and all that entils - Electrical standards, mechanical one s and all else, the US clung to English measurements. The astounding growth in the developing world was fueled by goods bought elsewhere to metric standards. The US has finally caught on - albeit on a less visible scale. Anyone working on cars hasd had to deal with metric fasterners for decades - too many parts are made overseas or FOr overseas.
+1 - that's hilarious on many levels.
LMAO!!!, yes indeed my friend, yes indeed
Missed Mars by 25.4 inches. Or was that 25.4 mm ??? Damn conversions...
Energy is moot. The United States can fuel itself, via the Balkin reserves. It's about money. (extraction costs)
You're funny. At most, if you could extract enough barrels to supply the US every day consumption (you can't, not by a long shot), the Balkin Reserves would last what... 3 years at most... What ya do after that, Willis?
40 acres and a Skittles-shitting Unicorn that pisses liquid gold?
Bernanke Ranch! High Ho Tungsten!
First of all. I "mispelled "Balkin for Bakken. Secondly, I''m a bit juxta-posted.
Did you even know that I mistakenly said balken? (without the I)?
What is 120% of 140%?
168%
Balkanz, bitchez!
Well done. Thanks Don.
Gotta love reverse engineering. ;-)
Based on my (un-updated) original post you're correct.
Bakken reserves/ http://www.reuters.com/article/2013/04/30/usa-energy-bakken-idUSL2N0DH26...
Name calling is childish.
But but but! Dollar index is at multi years high! That must mean that the US dollar is number ONE! What do you mean the index only means what it's worth compared to other currencies and not what the purchasing power really is?? Impossibru!
This Baltic Dry Chart?
BDI all time high @ 11,771.00 points May 21, 2008
Low 61/2 months later @ 666.00 points December 04, 2008
All time record low @ 648.00 points February 06, 2012
6 month dive followed by a 2 year bounce, then a 1 year bounce and trading flat since.
On the weekly chart the BDI has not even touched it's 200 DMA since the crash of 08!
This is NO recovery. Ongoing depression, about to get much worse.
I would friend you. OOps no CIA snooping account. +1
lol
Look at a 5 year chart of the BDI. Picture perfect 6 month dive, 2 year bounce, followed by a 1 year bounce and flat now, for over this past year.
Kinda like a volleyball, big bounce, smaller bounce, then rolling along the ground! Until the ball stops rolling. Soon!
I've seen it many times but it's frightening, activity just bled-out, we're almost looking at an economic coma patient today.
This is an ex-parrot.
What is a yard Element?
No, the economy isn't dead. It's pining for the fjords.
And yet they will not lower our shipping rates from Asia to Callao. Less than containerloads, but still...
Ocean freight rates were below the level to cover basic operating costs. Mainly thanks to higher bunker fuel.
So, effective April 01, 2013 OOCL along with Maersk, followed by Haphag-Lloyd raised their twenty foot container (TEU) rates by $200.00 to $500.00 each, depending on destination.
Wow, the bastids.
buy the dip...
bought a new kayak ..
kinda dumb-you can buy more of just aout every commodity there is now with the same dollar than you could have 2-3 years ago. on the retail side, tvs, clothing even food in many cases are lower in dollar terms. despite 4 years of creating dollars out of thin air the currency is worth more now on a trade weighted basis than in 2008. so what happens when the fed starts to slow the flow? could be at a major inflection point on a longer term basis
I especially love the 4 lb bags of sugar and the 114 ounce "gallons". Or the 3.6 quart Ice cream containers. etc.etc.etc.
ONLY WAY OUT -
BITE THE BULLET
1/ Dismantle the fed 2/ Back dollar with gold 3/ Reduce debt until in a surplus position. Two generations.
Will the public go for it? NOT A HOPE IN HELL! Welcome to the "new normal."
Only way out : Bernanke and his worshippers bite the bullet.
lol
Bullet in mouth injected through back of head!
That's what I was thinking.
I was thinking { Al Jazeera}. Junior I sent you some statistics.
I didn't go because all women are God's children but my brother went to a strip club and said he got change in 2 dollar bills as the 2 dollar bill is the new 1 dollar bill in strip clubs. 100% inflation.
I have a brother who went to a strip club, too.
He bought me a $19 bottle of Allagash Curieux (drinking it right now) so I don't judge.
My brother said he got drunk after having seven beers and five shots of Cuervo Gold, from a waitress who reminded him of his eighth grade Math teacher. He said she was hot.
God probably needs someone to watch his children.
A rapidly weakening dollar? You know what that means.
American exports dominate = EPIC GROWTH
Only thing to do now is sit back and watch the economy take off like a rocket.
Only if there is sustained prior real investment.
HFT micro-second slices of liquidity is not investment. Picture this, a 3-year development and certification program needs to occur, but with HFTs experimenting with bids on a daily basis (a million times per). I see IPOs are really setting for new levels of activity - not.
The economy will not take off like a rocket if highly levered, or if the banks are trading insolvent and Govt near defaulting, and taxes and spending thus a major issue. The economy will instead drag its sorry ass around for another 10 years - if all goes better than is reasonable. Maybe if energy were cheap and abundant you could get the economy and small business to look interested in a sudden aggregate demand upturn. But QE and Keynesianism is not doing it.
If the USD falls others will print.
I realize the earth spins Gentlemen. Money doesn't!
All the inflation numbers are fudged. Real US inflation is at least 3% higher than the official number. This massaged inflation has the beneficial effect of increasing the GDP. But the dollar has shrunk a lot more than the officially acknowledged shrinkage. One of the tricks used by the US BLS is hedonic adjustments.
The US uses hedonic adjustments to its Consumer Price Index (CPI) and with you can massage data to produce whatever outcome you desire. For example, if computer speeds increase 50% a year, and the computer price stays the same, the US assumes that you are getting 50% more computer for your money. So even if the sales of computers remain the same in dollar terms, the GDP portion of computers has gone by 50%, And inflation rate for computers is -33%. Such is the miracle of hedonic adjustments.
This hedonic adjustment is applied to everything produced in the US economy. If prices go up for cars by say 10%, the US can assume that 7% of that increase was caused by quality improvements and the real inflation is only 3%. From 1967 to 1999, the price of a car in the US increased by 6.42 times. But the US BLS (Bureau of Labor Statistics) reported an increase of 2.83 times. So 56% of the increase in the price of a car was hedonically adjusted away.
These adjustments are far more egregious for computers and they contribute to at least 25% of the growth of the GDP. As a rule of thumb, US inflation is understated by about 4%. So US growth is overstated by 4%. So instead of 0.4% growth in the last quarter of 2012, the economy was shrinking at 3.6%.
If you correct the US economy for these adjustments over the last 10 years, US GDP is only about $10 trillion instead of the conventionally assumed $15.5 trillion now. And the economy is now in recession, shrinking instead of growing at rates that makes Europe envious of the miracle of US growth. In July, USA GDP will grow by $500 billion because $500 billion of intangibles will be added to the US GDP.
There are damned lies, statistics and statistics generated by the US BLS. But everyone seems to report US economic numbers as if they were gospel. The truth is so hideous that it must be protected by a phalanx of adjustments.
Politicians learned from Carter's experience. No point in being honest with US voters. Easier to lie to them. GDP, Inflation and Unemployment are all bogus.
REAL unemployment - by 1980 standards is 24% - past 1932's peak. The only reason you're not seeing bread lines is the massive spending on unemployment, food stamps and all else by government. But even with all that you're seeing food banks running out and places giving free meals having long lines. It's bad but a lot harder to see these days.
Nice Job. Thanik you.
3 boxes 50rd 115gr FMJ 9mm's 13.97 a box. I think I just scored some PB at the local Walmart. She said they came in this morning,,,, 50 boxes,,, 3 box max, there were 4 boxes left when I left the store at 1PM today. I feel better. Stack, lock, load. Not ever required to be in that order either. Great weekend all.
Unintended consequences...
http://www.ynetnews.com/articles/0,7340,L-4378271,00.html
Syria: Thousands of rebel fighters defect to al-QaedaWell-resourced Jabhat al-Nusra, Islamist group linked to al-Qaeda, lures thousands of rebel fighters away. Brigade commanders: 'Fighters feel pride, want to be martyrs'
Ooooooooops.
And China is kicking it up a notch...
http://english.chosun.com/site/data/html_dir/2013/05/10/2013051000930.ht...
China, Japan in War of Words Over OkinawaJapan is incensed by an article in China's state-run People's Daily claiming Okinawa and its connected island chain rightly belong to China.
'Fighters feel pride, want to be martyrs.'
No leverage with a guy ain't afraid to die.
Banksters can't understand that...
Muslims ready to die for Islam. Americans ready to kill them for the hell of it.
I have enough ammo. Cheap fillings and scrap metal please.s/ sarc
Someone made a discovery of that thing called "inflation". I cannot imagine the joy he'd experience one he finds out how much people earn today vs. 1960.
My father was making $6000 a year in 1948 when he got married. My grandparents bought a house for $12,000 the next year. My parents bought the same house for $28,000 in 1968, not quite 20 years later. I was high salary for my engineering degree in 1978 at $21,000 - that'd be almost three times higher today (you couldn't hire a receptionist for that today). And that crap house that was $12,000 in 1948 sold for well over $500,000 fifty five years later. Looking only at the dollar figures you'd thingk everyine has gotten really rich.... when the reality is people's buying power has been dropping for 30-40 years.
Used to be that you were doing really well if earning 10 times your age. Now, it's ok but not outstanding.
The quantity of dollars being produced has far outpaced the fall in value but the real problem is that the distribution of those additional dollars has been increasingly going to the top end. The problem for the little people is made even worse bythe fact tht Ben pas them nothing for thir meagre savings.
Oh all this silly fringe blog crap is like sooo old.
Everything is fine.
Relax.
It won't hurt.
FORWARD!!
...but the silver dollars value as a material for stuffing sandbags is stronger than oak... Jerry Maguire oak.
http://tradewithdave.com/?p=16559
I went through the Taco Bell drive through today here in Silicon Valley. The person working the window was a slim, very attractive, well-spoken white woman in her mid-fifties. That was f***ing terrifying. Somehow I bet her part-time eight dollars per hour aren't going very far.
BLS-U-6 Statistics.
And she had abilities that put 3 fully tattooed twenty-somethings out of work.
Work ethic is going to become the new job applicant's friend.
Your dollar may be worth a lot less but because you earn so much more today you are up there in the rich tax brackets. That should make you feel good.
There is only one issue to embrace and that is survival; for survival hold Gold (and Silver) hard (physical), a food supply and protection. The
collapse is near.
Given:
1. All politicians, bankers, bureaucrats and Economists that make up "leadership" lie, a priori, and always for their own benefit - always have -
it is the nature of politics. The lie is the nature of ghouls: Verbewarp
2. All Fiat currencies fail due to manipulation, theft and agenda by those in control: Public Domain.
3. Freedom is not granted by "leadership". Freedom is the direct effect of action by those who would be free: An unknown slave.
4. Collectives are statist and the enemy of man: Verbewarp
5. Terrorism is purely political action for political advantage: Pallas Athena
6. Militants are those murdered by politicians: MSM
7. "So long as the people do not care to exercise their freedom, those who wish to tyrannize will do so; for tyrants are active and ardent, and
will devote themselves in the name of any number of gods, religious and otherwise, to put shackles upon sleeping men" : Voltaire.
8. "Unthinking respect for authority is the greatest enemy of truth.": Albert Einstein
9.The price of apathy towards public affairs is to be ruled by evil men: Plato
10. Ideology is the realm of the Dead: Pallas Athena
Ho hum
The advantage of end of the world prophecies have is that given a long enough time horizon, they'll be proven right. The problem is predicting that time horizon.
Collapse IS near: the sun will go supernova in a few billion years which is a mere few moments in the life of the universe.
Oops! Well, knock me over with a feather. Again.
A dollar may not buy as much as it used to, but an EBT card sure buys a hell of a lot more.
Why am I working a real job instead of a minimum wage cake walk?
I could save $480 a month on health insurance
$150 a month on utilities
$100 on TV and internet, online school for the kid
$60 for a cell phone
Get at least $200 towards food
Probably get to rent my house for $250 a month, low income subsidized, saves me $900 a month.
There's about $20 grand in savings right there. The great thing is I can make $20k and still keep all the benefits. All that is fun money since I'll pay no taxes and all the other stuff is covered.
THANKS OBAMA AND BEN!!!!!
And they wonder why unemployment is falling. Why work when you can have far more by not working.
Precisely why Obammy got back in. All the 'lunch for nothing' crowd voting for the goodies. Only its your lunch they got, along with a good portion of your wages in the form of income tax. Aint life great!