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Presenting Inflation...

Tyler Durden's picture




 

In the last two years, according to Intuit, Americans are reaching deeper into their pockets to cover family-related expenses. Given the current concerns over dis-inflationary pressures, we thought the following infographic might highlight just where that hidden liquidity-/credit-fueled inflation is leaking out.

 

 

Chart: Mint.com / Intuit

 

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Sat, 06/29/2013 - 16:07 | 3706295 Bindar Dundat
Bindar Dundat's picture

And income falling!! Yikes!

Sat, 06/29/2013 - 16:11 | 3706301 resurger
resurger's picture

Me: i need a raise, life is getting expensive!

Employer: If you dont like it here, you can leave!

A true story irl.

 

 

Sat, 06/29/2013 - 16:29 | 3706336 TheGardener
TheGardener's picture

Life and food is getting worth your while.

Slowly but boldly , food prices gets you reconnected to your gout feeling, things are about to change.

Make no mistake, feed stuff for the masses ever diluted will always appear even cheaper while getting hold of any food worth taking will set you back forever for more

Sat, 06/29/2013 - 16:52 | 3706362 ZerOhead
ZerOhead's picture

The Wall Street Daily has boldly taken upon itself the challenge of DEBUNKING the MYTH of rising food prices...

Apparently unless you eat only grapefruit and peppers your food bill has NEVER been CHEAPER!!!

 

As Walter Falcon, a Stanford economist who specializes in the food industry, told NPR, “We’ve seen major restructuring in [the] poultry, pork and beef industries that has allowed efficiencies and brought down the cost.”

Or, as Dr. Mark Perry of American Enterprise Institute points out, new machines and technology have made it much cheaper to produce food.

http://www.wallstreetdaily.com/2013/04/22/food-inflation-myth/

Sat, 06/29/2013 - 17:30 | 3706433 Shocker
Shocker's picture

Inflation is hitting things you need to survive or use daily. Food, Rents, Taxes on property, Gas...

But the new big screen tv, 50% off.

Then Factor in Employment Issues

Layoff / Closing List

http://www.dailyjobcuts.com

-

Sat, 06/29/2013 - 17:45 | 3706453 noless
noless's picture

My rent definitely hasn't gone down 27%..

Sat, 06/29/2013 - 17:55 | 3706472 Shocker
Shocker's picture

Think the graph is stating Home Values or Purchasing Price down 27%

Sat, 06/29/2013 - 19:49 | 3706682 kaiserhoff
kaiserhoff's picture

Nutso data.  Spending on kids is not rising 65-100% in two years, unless you just had your first kid.

 

Sat, 06/29/2013 - 21:05 | 3706817 HulkHogan
HulkHogan's picture

While riding on the fairy this afternoon, I overheard this kid (25 years old or so) talking about the deal she just got on her iphone - only $50 a month! A few sentences later, she said that she had to talk to her boss about changing her schedule because the bus doesn't run on Sundays! iphones > vehicles.

Sat, 06/29/2013 - 21:58 | 3706905 NoDebt
NoDebt's picture

Small number of rich, large number of poor and just enough middle class to service the rich.  As it has been in most societies for most of history.  Gigantic reversion to the mean going on.  It will not stop nor will it be reversed at this point.  Your mission, should you choose to accept it:  stay in the middle class.  Look at your neighbor to your left.  Now look at your neighbor to your right.  One of you will not be in the middle class any more in a few years.

Questions?

By the way, the starting gun sounded about 20 years ago. 

Go!

 

Sun, 06/30/2013 - 01:19 | 3707165 1C3-N1N3
1C3-N1N3's picture

Neighbor to the left is on the dole. Neighbor to the right is a vacancy. But I'll be middle class in a few years, because fuck trends.

By the way, the starting gun sounded about 20 years ago.

Grade school was the time to make it work? I'll go for this decade being the time to make it work, because hard mode.

Besides, the barely-animate yeast culture in my fridge coulda started a successful business during the 90s. Shit, where's the glory in that?

Sun, 06/30/2013 - 08:24 | 3707420 theliberalliberal
theliberalliberal's picture

Grade school was the time to make it work? I'll go for this decade being the time to make it work, because hard mode.

 

Good attitude.  Go get 'em, tiger

Sun, 06/30/2013 - 15:52 | 3708186 AldousHuxley
AldousHuxley's picture

already covered by warren...

 

http://www.youtube.com/watch?v=akVL7QY0S8A

 

Don't forget housing is bubbling up again with double digit increases YOY...so what's total CPI now?

 

Depreciating Assets: Toys, anything made in china, cars, clothing that goes out of fashion in 2 years.

Appreciating Assets: education, healthcare, housing

 

Middle class is disappearing because US elites favored the ignorant poor and gave away cheap junk at Walmart to preoccupy themselves with military make work kill a'rabs jobs and molest children at airport security while the real middle class professionals get taxed 50% and really important pillars of middle class in any country gets taken away...

 

+ Education increases value of your mind

+ Healthcare increases value of your body

+ Housing increases value of your savings

Sat, 06/29/2013 - 21:58 | 3706908 UP Forester
UP Forester's picture

At least you can get a federal tax break and shared benefits when you marry that fairy now.

Sat, 06/29/2013 - 22:30 | 3706965 dunce
dunce's picture

Celebrities have big mucho moolah, i can not wait for the divorces and alimony. Maybe with semen donors even child support for 18 or more years.

Sun, 06/30/2013 - 00:05 | 3707097 donsluck
donsluck's picture

Get real, marriage means a tax INCREASE.

Sat, 06/29/2013 - 22:38 | 3706983 Creepy Lurker
Creepy Lurker's picture

"While riding on the fairy this afternoon..."

I can't stop laughing! XD

Sun, 06/30/2013 - 09:43 | 3707505 StychoKiller
StychoKiller's picture

Nuvo verbogeny is for creatific thinkerizers!

Tue, 07/02/2013 - 02:27 | 3712954 Colonel Klink
Colonel Klink's picture

Yep, me too.  Supreme (pfft) court just passed a law that ferries can marry. (sic)

Sat, 06/29/2013 - 20:16 | 3706739 All Risk No Reward
All Risk No Reward's picture

Folks, please define terms.  There is price inflation and there is money supply inflation.  Undefined "inflation" leaves lots of room for confusion.

The second chart is the best depiction of monetary inflation (and GDP).  BTW, it was ILLEGAL to take money exponential to GDP - just look up and read Section 2A of the Federal Reserve Act for yourself.  Get used to going to source documents and not letting a middle person mislead you, in this case international banking cartel puppet Ben Bernanke and their other establishment minions.

http://market-ticker.org/akcs-www?singlepost=3216019

Note that money is higher than in 2007.  I believe this is misleading, though.  Why?  Because of mark to myth.  If mark to market existed, the debt would be substantially lower than in 2007 - hence monetary deflation is the reality, IMHO.  Of course, I can't look at the crooked books, so I can't know for sure, but I'd know how I would bet.

So why are prices inflating in most stuff we need if it isn't because of marginal money swamping the extinguishing debts?

That's easy - the banksters are siphoning off society's cash and then they are GAMBLING it on the stuff you need.  This is nothing new.

Gentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, (bringing his fist down on the table) I will rout you out!
~From the original minutes of the Philadelphia committee of citizens sent to meet with President Jackson (February 1834), according to Andrew Jackson and the Bank of the United States (1928) by Stan V. Henkels - online PDF

The banksters were robbing people via speculation 1834, people.  The only "innovation" is that now they charge their losses to the ignorant tax payer.

This is what is happening.  This is what is real.

This paradigm that "money printing" is going to explode gold to $5k anytime soon shows a stunning ignorance of what is actually going on.  Of course, stunning ignorance is what the establishment sells to the masses.  They are very intelligent and conniving.  They fund and control the establishment - the entire thing, top down with the minions compartmentalized and hired to promote and agenda and fired when they get uppity - and they fund the opposition.

Yes, Ludwig von Mises was funded by the Rockefeller Foundation.  I'm not saying Mises was a fraud or that all, or even most, of his ideas are wrong.  What I'm saying is that the Rockefeller class of people saw something in his message that benefitted them.

Rockefeller class people control both the mega corporations and the mega governments - so presenting a false dichotomy between government regulation (they regulate their competition away) or free market (their mega corps crush their competition away) is to their benefit!  Tails the win, heads everyone else loses.

Lord Acton nailed it:

"The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks."
~Lord Acton

I would only clarify that "the banks" includes all the myriad of fronts for the international banking cartel.  In short, it is the mega vs everyone else.

Read the 2nd page of this Debt Money Tyranny proof for solutions. 

http://www.keepandshare.com/doc/4768883/debtmoneytyranny-6-1-pdf-60k?tr=77

Nobody will save us, we have to help save ourselves by defunding the bigs and spreading the message to others.

Big is evil - and all ultimately report to the international banking cartel.  It doesn't matter if it is Big Bank, Big Government, Big Energy, Big Retail, Big Bio, Big Agra, Big Pesticide, Big Military, Big Police State, Big Prison, Big Media or Big Drug Cartel, they are all bad news.

The only vote you have that matters in the end is HOW YOU SPEND YOUR MONEY.  Buy small and pay cash (deny banksters transaction fees!).  Build your community.

Sat, 06/29/2013 - 23:53 | 3707090 disabledvet
disabledvet's picture

Inflation...say hello to DE-LEVERAGING. move along...

Sun, 06/30/2013 - 13:46 | 3707916 All Risk No Reward
All Risk No Reward's picture

The self interest of TBTF&Jail is to force all their competition into failure so that only TBTF&Jail Big Finance Capital front corporations are left standing to control the world.

Once they are done looting, then they will move on to consolidating the planet's resources under their T BTF&Jail corporate fronts.

TBTF&Jail is Frankenstein on the loose.

Sat, 06/29/2013 - 17:58 | 3706481 Landrew
Landrew's picture

Higher efficiency fewer workers, the true double edged sword.

Sat, 06/29/2013 - 23:48 | 3707085 Anusocracy
Anusocracy's picture

Government has negated the cost saving efficiencies of scale and technology by becoming more parasitic and controlling.

Otherwise, things would be far, far cheaper.

Sat, 06/29/2013 - 16:46 | 3706348 TruthInSunshine
TruthInSunshine's picture

All is well - local governmental units (which grew in "bloatness" at 3x the already incredible rate of federal agencies over the last 3 decades) have ended unpaid furlough days in most areas as local units of government are starting to increase (or begin the process of increasing) property taxes at ratios as much as 4x the BLS rate of inflation.

That's just one example of a literal list of hundreds as to how government is again digging its talons ever deeper and more permanently up the asses of Americans from coast to coast.

Speaking of BLS fairy tales, they aired a segment on National Propaganda Radio tonight focusing on the whys/hows as to how there is a movement to revise the CPI again, because....and I swear on all that is holy that this is accurate and there's a serious proposal on the table....

....the current methodology OVERSTATES INFLATION. I repeat, there are very serious people within the BLS, the Fed and other prestigious (implied /sarc) institutions, that are actively pushing to have the BLS move to a " Chained Consumer Price Index" methodology of tabulating inflation.

Oh look, there's the link to the story. Do not read if you are subject to rage in the face of unimaginable lies, distortions & con games.

New Inflation Gauge Would Cut Benefits, Hike Taxes : NPR

The inflation measure under consideration is called the Chained Consumer Price Index. On average, the measure shows a lower level of inflation than the more widely used Consumer Price Index.

 

The chained CPI assumes that as prices rise, consumers turn to lower-cost alternatives, reducing the amount of inflation they experience. For example, if the price of beef increases while the price of pork does not, people will buy more pork.

I have a better idea: If you're cold, just sleep outside in the snow, and you'll fall into a warm lull harkening death. That'll cut expenses. Substitute that. If you're hungry, instead of buying and eating food, don't. You'll really save some money that way. Screw medical coverage/treatment and driving. You don't really need to see the doctor & you can walk to wherever your going - cha-ching, money in the bank.

The shit is beyond surreal at this point. It's like nothing I've ever witnessed, experienced or lived through before.

This tells me (this being this noisy announcement via National Propaganda Radio) that they are floating this to see how much backlash there will be and to prepare the sheeples' minds, B.F. Skinner style, for more, bigger lies and bullshit.

Sat, 06/29/2013 - 17:00 | 3706377 JohnG
JohnG's picture

 

 

Beef -> Pork -> Chicken -> Cat Food.....

Sat, 06/29/2013 - 17:40 | 3706448 Poor Grogman
Poor Grogman's picture

Beef -> Pork -> Chicken -> Cat Food-> left over rubbish

Sat, 06/29/2013 - 17:54 | 3706458 TruthInSunshine
TruthInSunshine's picture

Beef> Pork> Chicken> Cat Food> left over trash> Dudley's used iPad 2

Sat, 06/29/2013 - 17:58 | 3706482 DaddyO
DaddyO's picture

Beef> Pork> Chicken> Cat Food> left over trash> Dudley's used iPad>Gold>Silver

There I fixed it for all the PM haters out there...

DaddyO

Sat, 06/29/2013 - 19:18 | 3706622 francis_sawyer
francis_sawyer's picture

Beef Flavored Soylent Green> Pork Flavored Soylent Green> Chicken Flavored Soylent Green> Catfood Flavored Soylent Green> Peas> iPad

Sat, 06/29/2013 - 23:21 | 3707064 Mr. Mandelbrot
Mr. Mandelbrot's picture

The NPR link above was dead when I clicked on it, but it looks like they floated the EXACT same trial balloon in 2011:

 

http://usatoday30.usatoday.com/money/perfi/retirement/2011-07-24-social-...

Sun, 06/30/2013 - 14:06 | 3707958 TruthInSunshine
TruthInSunshine's picture

Good catch. It would appear that the trial balloon (of testing pushback to further distorting inflation rates to massively underreport actual rate of inflation) has been now spread far and wide amongst the Main Stream Media Sock Puppet Proxies.

Sat, 06/29/2013 - 17:49 | 3706461 Tenshin Headache
Tenshin Headache's picture

Not with the price of cat food these days!

Sat, 06/29/2013 - 17:52 | 3706469 graftvshost
graftvshost's picture

Beef -> Pork -> Chicken -> Cat Food -> Cat...

Sat, 06/29/2013 - 18:20 | 3706511 yogibear
yogibear's picture

Include horse meat.

OK to slaughter horses for meat, federal agency tells New Mexico plant

http://usnews.nbcnews.com/_news/2013/06/28/19195232-ok-to-slaughter-horses-for-meat-federal-agency-tells-new-mexico-plant

Next culture will get Americans  used to eating insects. 

 

Sat, 06/29/2013 - 22:01 | 3706918 UP Forester
UP Forester's picture

Mealworms.  'Nuf said.

Sat, 06/29/2013 - 22:44 | 3707002 Creepy Lurker
Creepy Lurker's picture

Ewwwww...

Sat, 06/29/2013 - 17:00 | 3706380 BoNeSxxx
BoNeSxxx's picture

I think the sheeple's minds are already prepared.

A recent stop at the rest stop en route on a family vacation was rather alarming. I couldn't believe the cretins I witnessed there were capable of passing a driving test let alone entrusted to vote.

We are so screwed.

Sat, 06/29/2013 - 17:15 | 3706404 musket
musket's picture

Same thing at the airport.....the single largest collection of classless clowns I've seen since the DMV. 

Sat, 06/29/2013 - 23:17 | 3707059 artless
artless's picture

You had to hit the road and go to a rest stop to come to that conclusion? Shit, I just walk out my door and I'm surrounded by said cretins. And those are just the absolute dregs. Add in the "willfully ignorant" that masquerade as competent, contributing members of society and there ain't that many left with even half a brain.

Sat, 06/29/2013 - 17:03 | 3706387 Skateboarder
Skateboarder's picture

"When you know that you time is close at hand,
maybe then, you'll begin to understand,
that life down here is just a strange illusion."

Hallowed Be thy Name, Iron Maiden.

Sun, 06/30/2013 - 00:44 | 3707134 DanDaley
DanDaley's picture

...and then Run to the Hils -Iron Maiden  http://www.youtube.com/watch?v=D58nz_xS2hI

 

Sat, 06/29/2013 - 17:12 | 3706397 earleflorida
earleflorida's picture

keep on dumbing em down until they eat the corn from their own excrement ... moar, moar and mo-moar

Sat, 06/29/2013 - 23:49 | 3707086 Scro
Scro's picture

I don't remember have corn.

Sat, 06/29/2013 - 18:16 | 3706506 Miffed Microbio...
Miffed Microbiologist's picture

TIS, I may have stumbled on an important fact last week that may make the BLS challenged to maintain this charade much longer. I am in charge of inventory in our lab and last week I ordered a six months supply of sterile plastic transfer pipets ( essentially "office supplies" for a microbiology lab). Thirteen years ago they were $40 for 2000. Last year that were $46. My purchaser called me questioning the necessity of them because they were now $127.00! I told her hell no we weren't paying that for some stupid pipets and told her to check other vendors. She checked 5 other suppliers and ALL came back basically the same price. Dare I say collusion? Price fixing? This has to be the result of the impending doom called obama care. Yesterday I got an email requesting my presence in a emergency meeting due to a system wide problem in budget. It turns out just our five labs in the healthcare system is already 500k over budget. There have been no capital improvements in years. In fact we complain the roof leaks in areas and have to cover sensitive instruments so not to damage them. I know this is not due to reckless spending.

I do not know if i am seeing a glimpse of hyperinflation, just a temporary spike due to the uncertainty of Obamacare or the underpinnings of a serious disaster that could potentially rock this country to the core. I myself have decided to respond in case it is the latter. I had an elective surgery scheduled in October. I have moved it to August. I recommend everyone else here do the same. I've been in healthcare 30 years and this is the first time I am truly scared what may be coming. If anyone here has any data to the contrary I'd love to hear it. I'd rather be the laughable Chicken Little than praised as a Visionary.

Miffed;-)

Sat, 06/29/2013 - 18:24 | 3706519 TruthInSunshine
TruthInSunshine's picture

Bernanke & his fellow central bankers have broken each and every function and relationship that are associated with anything remotely approximating "free markets."

Bernanke is essentially Alan Greenspan on steroids, utilizing a massively larger hand to intervene in - and manipulate - a much larger array of asset classes, using a massively larger pile of levered debt.

These historical episodes of radical central bankster interventionism always end the same way. Hedge accordingly.

Sat, 06/29/2013 - 19:35 | 3706651 Professorlocknload
Professorlocknload's picture

Miffed,

Oh-care was engineered to fail, and designed as a conduit to Universal Single Payer.

And on inflation, property maintenance hardware and supplies validate your "pipet" price increases, what ever those are. It's across the board.

Sure, Chinese widgets are now going to come washing ashore at much lower prices as the Chicom  economy shrinks, but most all else is either going to be more expensive, or disappear from production as input costs rise...labor included, factoring in Oh-care.

A friend in Personnel at a midsized Ag-Tech firm informs me 30% staff cuts are being considered there, all attributable to this spike in health care costs.They are desperately researching means of automation as survival mechanism.

 

Sat, 06/29/2013 - 19:40 | 3706662 TruthInSunshine
TruthInSunshine's picture

I'm not so sure Obamacare was designed to fail.

It seems many, many health insurance and pharmaceutical companies (whose representatives LITERALLY wrote the legislation) will be getting precisely what they paid good money bribing "elected representatives" for...

Sat, 06/29/2013 - 20:23 | 3706756 Miffed Microbio...
Miffed Microbiologist's picture

Professor, I have always felt single payer was what congress ultimately had in mind. Also, I believe they are politically very savvy imploding our current system because people will suffer and demand action. It's much better having people demand single payer than shove it down their throats. Smart move on their part IMHO.

The pipets to which I spoke are already made in china. Probably in some unmanned factory that runs day and night. They are of crappy quality but we don't care because they used in unimportant matters and are disposable. I can't imagine what we could get that would be cheaper. If crap has now become expensive what is going to happen to the more naturally expensive items due to the fact they are harder to manufacture? I ordered $80,000 molecular reagent for detecting MRSA last Monday. It should last 6 weeks. Last year it was $60,000. So the cheap crap is spiking more than the more costly but they both are increasing at an unsustainable rate. I frankly don't know where this is going to go.

Miffed;-)

Sat, 06/29/2013 - 22:53 | 3707018 Drachma
Drachma's picture

Wow, that's some pricey Staph. detector. Miffed, I'm curious to know where your test samples come from. Are you in any way involved with measuring population colonization rates of MRSA? Cheers.

Sun, 06/30/2013 - 00:35 | 3707122 Miffed Microbio...
Miffed Microbiologist's picture

Scary huh. Cali has mandated all potential MRSA carriers be identified and monitored throughout our hospital system ( approx 850 beds). Yes we are tracking colonization NOT infections ( we screen nares, axilla and perineum). Anyone entering our hospitals with a potential being a MRSA carrier is screened (recent hospitalization, coming from a SNF etc). Any time a patient is moved they are rescreened to prove they have not brought MRSA to a new area. We bill $500 per test ( some people are tested multiple times in a day) however I doubt we recover the cost. If a patient contracts MRSA in the hospital their care may not be reembursible by Medicare. This is costly defensive medicine. We went to molecular because we get a result in one hr vs 48-72 hrs by conventional culture. The cost of this is staggering and unsustainable.

Miffed;-)

Tue, 07/02/2013 - 16:13 | 3715094 Drachma
Drachma's picture

Thanks for the info Miffed. Agreed, it does not sound sustainable. Nosocomial microbial ecosystems are certainly formidable battlegrounds. Good luck in your endeavors.

Sun, 06/30/2013 - 00:17 | 3707107 Professorlocknload
Professorlocknload's picture

Pee-losi was the ramrod on O-care. That should be enough said regarding ulterior motive.

There she is now.. https://www.youtube.com/watch?v=AnSqOz47NbE

Sat, 06/29/2013 - 22:39 | 3706986 Oldwood
Oldwood's picture

When Obama first started he quest for healthcare reform he attacked Insurance companies head on. He put the fear into them and they saw the light. The same approach used on the bankers. They are the devil but for the good of the country we are going to reform the laws to make sure they will serve their masters properly. The healthcare corporations are run by people who don't own them other than stock so they don't care about the business's ultimate survival. The Obamacare law on one hand ensures they have lots of customers while also assuring that the costs increase dramatically. The whole thing is about "affordable healthcare" right? So why would they do something that would be sure to increase costs while forcing people to buy in? The insurance companies will be painted as the villain, again, and this time they will either be put out of business with government exchanges or nationalized in some fashion where they will be totally government run. The government has already put into place the bulk of the controlling agents for this. The IRS penalties will become our premium payment and Big Gov will be deciding what insurance best suites our needs. Businesses are concerned about Obamacare but there is so much more. This disaster we see looming in the hirizon is in their eyes every bit as much as the rest of us. Many businesses have cash set back for hard times and investing. They have already burned through a lot and are in fear of the future. Whether many here will acknowledge it or not, most of our futures depend on those businesses staying afloat, unless your plan is a gov job. The government is busily making lemonaid from stolen lemons using artificial sweeteners.

Sun, 06/30/2013 - 00:11 | 3707102 buyingsterling
buyingsterling's picture

I think the GOP is on on this as well. Sure they all voted against it, but where is their alternative plan? They probably offered one, but the fact that we don't know anything about it tells us how serious they are. It should be the first thing out of every Republican rep's mouth at every opportunity. Instead we get a rolling disaster with no apparent way out.

Sun, 06/30/2013 - 03:39 | 3707249 Oldwood
Oldwood's picture

I don't know that the republican party put up a specific plan but they put up a bunch of ammendments to Obamacare and virtually none of them saw a vote. Both houses were controlled by the democrats. There was never any interest in any compromise with republicans, much less conservatives and they got not a single republican vote. There was plenty of talk about cross state line competition and voluntary exchanges for pre existing conditions, but instead we got a monster bill that still after almost three years we still don't know for sure whats in it. Usually surprises are not good and I think we still have plenty to look forward to. The net effect will likely not come as a surprise however.

Sat, 06/29/2013 - 20:12 | 3706728 Dave Thomas
Dave Thomas's picture

I don't know if I'd blame this on Obama care. I'd just say that your suppliers are charging more. Could be that no? I mean Fisher Scientific is such a primidonna when it comes to volume pricing no?

 

Sat, 06/29/2013 - 21:04 | 3706815 insanelysane
insanelysane's picture

It's Obamacare.  Medical device manufacturers are required to pay a tax of 2.5% of sales each month.  That's gross sales not revenue.  It is a big hit.  And where does that money go???

Vacation to Africa.

Bonuses to IRS.

 

Sat, 06/29/2013 - 21:59 | 3706910 Dave Thomas
Dave Thomas's picture

I'm not sure. If the fed is printing gazillions of dollars left and right, and prilling polypropolyne and sanatizing it the same was done from time and memorium (plastic pipettes) wouldn't you call that err inflation?

It's funny we bitch about price increases to and fro about everthing else, why shouldn't medical pipettes be included as well?

I'm sure all this is done by machine now days so you're probably right.

 

 

Sat, 06/29/2013 - 20:21 | 3706752 Baldrick
Baldrick's picture

Your plastic pipets are make from oil and the cheap stuff is gone. I am not tech savy enough to link articles, but if you go to The Guardian archives of 14 June and read an article titled "Pentagon bracing for public dissent over climate and energy shocks" written by Nafeez Ahmed it will inform you that they recon we have only TWO more years until desperation sets in.

Sat, 06/29/2013 - 20:28 | 3706760 kareninca
kareninca's picture

Miffed, that is very scary.

Thank you for posting that.

Sat, 06/29/2013 - 20:47 | 3706786 Miffed Microbio...
Miffed Microbiologist's picture

Karen, I think you are from Canada if memory serves me. Do you have any friends or knowledge in healthcare that would confirm this is happening in other countries? I'm assuming this is throughout the USA because, as with every other industry, our suppliers have shrunk to a few mega companies.

Miffed;-)

Sun, 06/30/2013 - 02:27 | 3707218 kareninca
kareninca's picture

No, not from Canada.  CT Yankee.

My father, FWIW, tells me that in CT the governor has cut way, way, WAY back on Medicaid funding to hospitals, since "of course" Obamacare will cover that.  The hospitals are going berzerk; they cannot survive these cuts.  Unless they somehow, um, pass them on . . .  to people with insurance.

Sat, 06/29/2013 - 20:41 | 3706779 wisehiney
wisehiney's picture

Before this year, I had not been to a doctor at all for over 30 years. OK, Dentist and Eye Doctor, yes. But not M.D.

My wife and I have figured out the same. Get anything needed done now. Insurance premiums will not be affected under oBUMMERcare, so like Granny said, "He who takes advantage, gets advantage."

Sat, 06/29/2013 - 21:47 | 3706887 bonin006
bonin006's picture

Miffed:

I don't know where you could look for cheaper pipets, but I have found that any company advertizing as a "lab supply company" on the web charged $50 to $65 for a stainless steel tray that I get from a restaurant supply company for $16.25. This is for the identical item, same manufacturer, not a cheaper substitute. There are a lot of parasites out there ready to take advantage of the ignorant.

Sun, 06/30/2013 - 00:22 | 3707111 Prometheus418
Prometheus418's picture

No contrary data here, Miffed, only supporting data.

I work on the other fork of the evil two-fold path (MiC), and we're seeing much the same.  Steadily decreased working conditions, with shorter lead times, higher inputs, and institutional decay on all fronts.

It can't be done.  It just can't- we actually have a very dedicated engineering and management corps, and despite our best efforts, we're being called out buy a major military supplier on our legacy product- and they're not wrong.  We spent a few hours trying to find a way to spin the situation to keep our DOO out of prison for the SNAFU, but there's really no facile solution.

The problem was in another department that I have no control over, but it doesn't matter much.  If the customer in question pushes the issue, I'll be on the same bread line as everyone else.

We had to deal with the same issues you describe- outdated and failing infrastructre coupled with increased material and tooling costs coupled with demands for ever increasing productivity and decreased cost and lead times.  Not all of those things can be achieved in the real world, but since when did the money men ever care about that?

Can't offer a solution, only sympathy.  Maybe one day, come that revolution that never arrives, you and I can work out a deal where you make the bugs, and I help you deliver them via airmail from the FEMA camps, but until then, good luck and god speed.

Sun, 06/30/2013 - 00:56 | 3707143 Miffed Microbio...
Miffed Microbiologist's picture

Thanks for the reply Prometheus, I was hoping (in vain) people would point out the errors in my assessment but I guess that isn't going to happen. Our off site lab is practically falling apart. One good earthquake and it will be dust. Every winter we bring out the pails and hope new leaks don't appear. Our instrumentation we keep nursing along. 2 years ago management agreed we were a disaster waiting to happen and authorized buying a new facility and designing a new core lab. We were ecstatic! 3 months ago they told us the plan was shelved. They estimated it would cost 20 million to build a facility we required. They had budgeted 8 million. Reduced revenues from Obama care drove in the final nail. We timidly asked if they would be willing to put the 8 million into repairing our facility. No response as of yet. People are still hopeful but I've been here long enough not be influenced by hopium.

Thanks for the sympathy, you have mine as well. There is some comfort to know one is not alone in this. I try so hard not to been cynical and just end up in despair for the future. I guess I need to bone up on my FEMA camp skills. I think I'll put The Great Escape and Stalag 13 in the netflix que.

Miffed ;-)

Sun, 06/30/2013 - 01:15 | 3707163 Prometheus418
Prometheus418's picture

Check out James Clavell's "King Rat" as well, if you're a reader (as I suspect you are.)

Good camp skills there.

Sun, 06/30/2013 - 01:25 | 3707173 Miffed Microbio...
Miffed Microbiologist's picture

Quite a voracious reader actually. Thanks for the recommendation! I do have to develope a taste for more light reading interspersed with the heavy though. Mr miffed claims I fight zombies all night after an intense read before bed and my dentist made me get a mouth guard because he sees evidence I've started to grind my teeth. God, everyone is just so stressed. When will this shit ever end! Good night and the best to you always. I now go to battle the zombies.

Miffed;-)

Sun, 06/30/2013 - 09:45 | 3707509 spinone
spinone's picture

That is happening with lots of cheap products from China.  Manufacturers have closed up shop as labor costs increased.  One day the workers show up and the gates are locked, the owners skipped the county for Amercica leaving lots of unpaid bills.  Happens so often now that workers take the owners hostage:

http://www.nydailynews.com/news/world/american-exec-held-hostage-beijing-released-article-1.1383759

http://www.chinalawblog.com/2011/10/how_to_shut_down_your_china_business.html

Sun, 06/30/2013 - 17:50 | 3708422 GlenD
GlenD's picture

Suggest you go alibaba . com and search for pipet suppliers in china. Ring them to get prices. Expect you'l find that US importer of pipets has decided to rip off government healthcare. Hyperinflation should only occur when currencies collapse against others. My understanding that most of Fed's printing is still being held by banks (not released in local economy). 

Sat, 06/29/2013 - 18:31 | 3706534 Cursive
Cursive's picture

@TiS

there are very serious people within the BLS, the Fed and other prestigious (implied /sarc) institutions, that are actively pushing to have the BLS move to a " Chained Consumer Price Index" methodology of tabulating inflation.

 

Uh, yeah, how else are they going to rob future social security recipients?

Sat, 06/29/2013 - 20:00 | 3706707 Baldrick
Baldrick's picture

Link doesn't work.

Sat, 06/29/2013 - 18:26 | 3706523 Midasking
Midasking's picture

If you substitute enough it isn't a real problem.  Tender Vittles Helper isn't too bad.

Sat, 06/29/2013 - 21:28 | 3706856 TheFourthStooge-ing
TheFourthStooge-ing's picture

Too bad they stopped making Gaines Burgers®.

http://www.youtube.com/watch?v=RuK6UX1oz00

Sat, 06/29/2013 - 19:36 | 3706655 Lets Buy The Dip
Lets Buy The Dip's picture

I agree, the government are setting us up for ultimate failure. The next thing is GOLD and the SPX will start rallying up so high, it will be like they are on VIAGRA LOL. 

The SPX chart is in trouble now, as you can see here in this VIDEO explaination ==> http://bit.ly/14Ey1Xa

But maybe this is just manipulated down, so TPTB can get in long gold, and long the market and we skid up higher. Inflations normally means gold does well, and the market skids up higher. So yes! its all starting to make sense now. 

Think like the evil government and TPTB, and you can invest where they are investing. 

Sat, 06/29/2013 - 20:17 | 3706742 OutLookingIn
OutLookingIn's picture

BULLSHIT!

Add in total food and energy costs. And I'm not talking about spam and kraft dinner! Include home heating in the cost of gasoline. And how about rent? Everything is up in cost. Inflation? Not much, only about 8 - 10 % not that bullshit number that the government spews out.

Sat, 06/29/2013 - 20:55 | 3706802 Moe Hamhead
Moe Hamhead's picture

Wait a minute---how does Intuit know what we're spending?

Are they reading our turbo tax returns?

Sat, 06/29/2013 - 22:54 | 3707021 plane jain
plane jain's picture

Nah...Mint is a free online budget to.  Supposedly they are pulling data from users posted budgets.

Sat, 06/29/2013 - 23:06 | 3707043 dunce
dunce's picture

I believe Intuit also owns Norton antivirus so they are inside many computers that do not use turbo tax as well. Not to worry, it is just meta data. Isn't it? You may not have voices inside yur head, but you have listeners inside your computer.

Sat, 06/29/2013 - 22:55 | 3707022 Rusty Shorts
Rusty Shorts's picture

Jesus, did this just happen??

Tactical-Nuke like VIBED on a coalition HQ in Afghnistan

Read more at http://www.liveleak.com/view?i=1fb_1372554918#7xHDEUM1C2D0ygY8.99

 

http://www.liveleak.com/view?i=1fb_1372554918

Sat, 06/29/2013 - 23:03 | 3707039 Rusty Shorts
Rusty Shorts's picture

WTF

Sun, 06/30/2013 - 00:20 | 3707110 Cthonic
Cthonic's picture

damn

Sun, 06/30/2013 - 01:19 | 3707168 Overfed
Overfed's picture

Conventional explosives. A BIG one.

Sat, 06/29/2013 - 16:09 | 3706298 Atomizer
Atomizer's picture

Derivatives Market is the teetering factor [the betting horse hasn’t crossed the line yet]. Hence, daily MSM drama/fear stories about a new strawmen attacks. Not to sound like a broken record, no banker gets arrested over illegal RICOracket activities. A simple SEC fine masks the Ponzi fraud. But if one of the banking Ponzi banking branches goes down, well just ask anyone involved with Lehman Brothers, Bear Sterns, Narachovia and soon to be Chase Banking division.

Money Confiscation Legal?

Sun, 06/30/2013 - 01:19 | 3707166 disabledvet
disabledvet's picture

there's 200 billion simply gone from the "annihilation of Lehman Brothers." no arrests needed there. "that money will never re-materialize." EVER. http://en.wikipedia.org/wiki/Bankruptcy_of_Lehman_Brothers easily the biggest financial failure in US history. what else you bitchin' about?

Sat, 06/29/2013 - 16:11 | 3706300 Cacete de Ouro
Cacete de Ouro's picture

Don't believe anything governments say. They are parasitic organisms whose only motive is self-preservation. EVERYTHING else is secondary..@

Sat, 06/29/2013 - 16:11 | 3706302 Cursive
Cursive's picture

Groceries up 6%.  Are Mint.com users heavy couponers or something?  And anonymozied data?  Sure.  Whatever.  If this isn't an advertisement on why NOT to subscribe to Mint.com....

Sat, 06/29/2013 - 16:50 | 3706364 Bollixed
Bollixed's picture

My groceries are up 35 to 40 percent. Apparently Mint doesn't go shopping for food...

Sat, 06/29/2013 - 17:07 | 3706392 lakecity55
lakecity55's picture

Every town and hamlet will soon resemble the exterior scenes of Bladerunner.

Oh, joy, I can't wait.

Thank you, Globalist Motherfuckers.

Sat, 06/29/2013 - 18:28 | 3706527 flapdoodle
flapdoodle's picture

Bladerunner? We should be so lucky... more likely, the exterior scenes will resemble scenes from Soylent Green

Sat, 06/29/2013 - 17:13 | 3706394 RockyRacoon
RockyRacoon's picture

What in hell is "Kids Activities"?  I played in the dirt with toy trucks and plastic soldiers.  That was cheap.  I got my first battery-powered toy at about 6 years old.  It was a toy bulldozer that used 2 D cells.  That was the coolest thing in the neighborhood.  My parents must have been RICH... not.

Sat, 06/29/2013 - 17:20 | 3706412 Almost Solvent
Almost Solvent's picture

The cost to equip kids for sports is insane, plus you have to send them to special (expensive) camps all the time so they can improve and have a shot at a D1 full ride. Also, that improves their chances in making it the NFL or NBA. Thousands of dollars a year per kid. (Plus the smartphone and other necessary things)

Sat, 06/29/2013 - 17:31 | 3706435 cbxer55
cbxer55's picture

Well, at 52 (next Sunday) and separated from my wife, I can say I am fucking glad I never had any tug rats. Phew!!!!

Sat, 06/29/2013 - 19:04 | 3706601 RockyRacoon
RockyRacoon's picture

You used the "need to" and "have to" concept way too obviously in your comment.  All that crap is optional, of course.  Sure, there were kids with more, some much more, but most of us were in the same leaky boat.  I guess my frugality (wife calls me stingy) is apparent although I am quite comfortable.  

When I started selling stuff on eBay back in 1998 it seemed like an easy way to liquidate some stuff.  What I found out is that it's grown to a business.  I "retired" a few years ago but am busier than ever.  I'll never run out of stuff at this rate.  A wife's friend was jobless and having some financial problems so I suggested they sell some stuff on eBay.  She says, other people don't have any stuff, at least not like you do.   That was a totally foreign concept.  I mean, really.  It was an eye-opener for me.  There really are people who spend everything on intangibles, or stuff that depreciates almost immediately.  Strange.

Sat, 06/29/2013 - 20:13 | 3706729 Temporalist
Temporalist's picture

You gots any Beenie Bennie Bernankie Babies?  I hear those are appreciating at a fast rate.  Or maybe you sell Kabbidge Krugman Kiddies.  Those must be worth trillions moar by now.

Sat, 06/29/2013 - 21:33 | 3706862 Alternative
Alternative's picture

Well, at last we stand the chance to postpone Idiocracy for a few decades.

Sat, 06/29/2013 - 18:25 | 3706520 Cursive
Cursive's picture

@RockyRacoon

Kids are little puppets that adults use for entertainment and fun.  "Kids Activites" are the entertainment that adults get from kids.  What would happen if your child's day was not fully planned with activities...the horror!

Sat, 06/29/2013 - 18:58 | 3706586 Miffed Microbio...
Miffed Microbiologist's picture

We were one of those bad parents who didn't buy into the activity thing. It was hysterical to watch the activity/ video game raised kids that came to our house, see we didn't have an Xbox and just give me this shocked look. Once 2 boys 10 and 13 came over and after a few minutes of the dumbfounded looks I suggested they go outside to play. At first they were a bit lost but then they discovered our seasonal creek was running and they and my daughters built small boats to see who could navigate the stream the longest. When we heard them powering up mr miffed's power tools he did run down to help. They were out for hours and I couldn't get them to come in for lunch. Finally I called them in when their mother came at five. Both boys were covered in mud and high fiving each other because they had beat my daughters. Their mother was absolutely livid. Why had I allowed this? Didn't I think of her Lexus's leather seats? She drove back home to get her car properly defended from my reckless actions. Her older boy turned to me with mud dripping down his face and told me that was the most fun he had at someone's house. I was quite touched.

Organized kid activities are for the parents to live vicariously through their children. We chose the Huck Finn route with simulates adventure, innovation and creativity. Of course there is risk and you lose the safety and structure inherent in organized activities. A fact many parents brought to my attention when our children were young. Some would not allow their children visit our house because in there view it was not "safe". Looking at the problems most of their kids are having today I'm satisfied I did the right thing.

Miffed;-)

Sat, 06/29/2013 - 19:10 | 3706611 RockyRacoon
RockyRacoon's picture

When my 2 kids were old enough we took them to Disney Orlando.  My first trip as well.  The entire week was weird.  Kids do enjoy themselves but I was dismayed at the other children and parents.  The caricature of the fat pig Americans with selfish insolent children is not a caricature.  It's an accurate picture.  Now we can all say we've been there, done that.  The place looked to be an enormous exercise in extravagance and pomposity.  Never had the desire to go back.  Several World's Fairs on the other hand have been redeeming.

Sat, 06/29/2013 - 19:47 | 3706678 kaiserhoff
kaiserhoff's picture

Seen that.   Tourists from New Joisy;)

Sat, 06/29/2013 - 20:09 | 3706724 Uncle Sugar
Uncle Sugar's picture

I hate Disney.  Happiest place on Earth my ass. $100 a ticket to stand in line all day? Next time I'll take the kids to DMV the day after a holiday.

Sat, 06/29/2013 - 22:00 | 3706913 RockyRacoon
RockyRacoon's picture

Bought an old stamp and cover lot that included a Disney World pass from 1981!  The ticket cost $13.  I guess that means the price has not gone up any if you figger in the inflation over the years.  The mechanical hippos are a bit more ragged I'll bet.

Sat, 06/29/2013 - 18:45 | 3706561 nmewn
nmewn's picture

Kids activities?

Why that would be $32.50 for three large cokes & two medium popcorns at the movies while the movie itself was $31.00 for four...(mumbling profanities)

The movie wasn't bad though, WW-Z.

And like you, I played in the dirt (even ate it), jumped out of trees into the local lake (risking flesh eating bacteria that I didn't know was there), rode my bike everywhere (oblivious to pedophiles in every bush I passed) and picked up coke bottles for pocket change to exchange for penny candy.

Good thing I saved some of the money from those coke bottles ;-)

Sat, 06/29/2013 - 19:20 | 3706629 Miffed Microbio...
Miffed Microbiologist's picture

Whoa Nmewn how did you survive all the child molesters? They're behind every bush. My kids had to ride their bikes everywhere and that was the thing everyone was obsessed about. Occasionally it was they may get hit by a car but the biggest fear was they'd be dragged from their bikes and raped. I guess our childhoods weren't marred by such things. My childhood was similar to yours. My parents rule was just be home at dinner time or there would be hell to pay.Maybe if we just put all the child molesters feet first in a wood chipper all these fears would dissipate. Ok head first. I don't want to be accused of advocating cruel and unusual punishment.

Miffed;-)

Sat, 06/29/2013 - 19:32 | 3706646 nmewn
nmewn's picture

We mostly terrorized them...the molestors...lol.

We had one we called Screwy Louie...he had a speech impediment that sounded like "ack ack"...he would actually walk up to a kid (boys only) and say "Hey kid...ack ack...hows your peter today?"

We (the older ones) would find him walking down the street sometimes and ride up behind him and slap him in the back of the had as we rode by (among other things, not sure on statute of limitations).

Wood chipper legs first ;-)

Sat, 06/29/2013 - 19:57 | 3706702 Miffed Microbio...
Miffed Microbiologist's picture

Had me laughing at that one! Can't say I had a direct encounter with one as a kid. I was often riding my horse and hooves tend to dissuade horny genitals. Had a few exposures but they were just funny. Why some guys think exposing their puny pecker will impress someone is beyond me.

When we moved to our present house several neighbors warned us of a potential molester since we had young girls, his favorite target. Mr miffed told me he visited him and gave him the "talk". He claimed he was innocent and he was being targeted based on a nasty rumor. Mr miffed said told him if one finds aphids on ones beautiful roses a judge and jury isn't summoned to decide their fate. Instead, you crush those nasty insects immediately without a second thought. I was concerned he was going react to the threat but nothing came of it and he never went near our kids. If he did, I'm sure my husband would have sent him feet first in the chipper. Glad it never happened, I wouldn't want to clean that mess!

Miffed;-)

Sat, 06/29/2013 - 21:21 | 3706839 nmewn
nmewn's picture

On the point of convicted "sexual molestors". To be clear, we're talking about child predators, not an eighteen year old having a relationship with a sixteen year old (or whatever state law comes to bear) and the parents freak out because they don't like him or her. Some (not all) have been caught up in that.

We've all been there.

You're ole man did the right thing, mucho respect is earned not given, give him mine for being a man and a father ;-)

Sat, 06/29/2013 - 21:54 | 3706895 Miffed Microbio...
Miffed Microbiologist's picture

Absolutely Nmewn. Thankyou for clearing this up. I hadn't thought of the possibility of this being misconstrued. My daughters were 8 and 11 when we first moved here and the man in question was in his mid 40s. This is predation not teen love.

I am grateful I married a kind gentle man that has the wisdom and strength to adjust to varying situations in life. Perhaps having a childhood as a farm boy grounds one into pragmatism and reality. However I bet you would have the same response! Men who haven't been indoctinated in PC as young children don't seem to have their minds so clouded and confused into inaction. I have doubts some of my metrosexual work associates would have responded as my husband.

Miffed:-;

Sat, 06/29/2013 - 22:27 | 3706960 nmewn
nmewn's picture

"I hadn't thought of the possibility of this being misconstrued."

Back in my (our) younger days we were "caught". I was an adult, she was not (nineteen & seventeen)...with beer, by a county sheriff (other details don't need to be provided) and he took her off to the side (away from me) and asked her if she was there of her own free will.

Fortunately (for me...lol) she said yes. I'm not sure with the way things are now that happens, so I'm aware of what can happen...yes, the "she" is Mrs.nmewn...and we joke about all she had to do is say no, she was not there of her own free will and my life would have changed. 

Back then, the cop did the right thing, even though he may not have personally approved of what was going on.

Your man is doing the right thing by his girls...he knows guys can be dogs and is getting the word out early & setting the rules, his rules, your rules, regardless of the law ;-)

Sat, 06/29/2013 - 23:02 | 3707037 Miffed Microbio...
Miffed Microbiologist's picture

Tsk tsk! You were caught? We chose a few miles into the forrest for our escapades. The only disaster was poison oak and the areas infected need not be disclosed ;-). Our one close capture was when we were both 17. Boyfriend Miffed was working as a dishwasher and got off work at 2 Am. He would drive to my house afterward, scale up the house to my bedroom and climb through the window. He always parked miles from my house but always in the same spot. Well, the neighbors caught on and one night we heard a phone ring at about 230. Of course we stood up panicked when we heard my dad come stomping towards my bedroom. Boyfriend miffed jumped twenty feet out that window and hauled ass out of there. Today I still have that image of him hiking up his jeans as he launched out that window. I've never seen him move so fast since! I'm still amazed he didn't break his neck but I'd seen him wrestle down young bulls. Probably felt he was no match for my dads shotgun. So I guess it's with good reason he's was careful when the girl were very young. I'm sure he now can see my dads perspective. Young boys are dicks with legs and no amount of domestication can tame that. Thank God you guys tend to mellow out a bit with age!

Miffed;-)

Sat, 06/29/2013 - 19:10 | 3706471 Ballin D
Ballin D's picture

I used Mint more actively while at school when my budget was tighter and I still get the email updates on my spending (it automatically sorts expenses after you train it a bit) and it has continuously removed items/places from the lists I set up. It doesnt register any grocery store or restaurant anymore even though I had set it to previously.  Just last week it finally got down to $0 of expenses for the week. I suspect they are goal seeking with this behavior.

Sat, 06/29/2013 - 16:18 | 3706315 CaptainSpaulding
CaptainSpaulding's picture

Wunderbar German Bologna index.. Still $2.49/lb. No inflation

Sat, 06/29/2013 - 17:38 | 3706443 outofideas
outofideas's picture

Pound of what? How much extra water and salt are you getting for that $2.49?

Sat, 06/29/2013 - 16:19 | 3706316 ekm
ekm's picture

This is what happens when even central bankers do not care to remember what ....money is.

 

If people remembered the concept of money, this propaganda would not occur

Sat, 06/29/2013 - 16:32 | 3706343 Unprepared
Unprepared's picture

All that exported inflation over the last 3 decades will be coming home to stay. Falling/slaggish wages but increasing consumption expenses. The inflation vs. deflation paradigm just doesn't work in the New Normal.

While in the past, emerging market were keeping a cap on prices/dollar, now emerging market will keep a floor under commodity prices.

Sat, 06/29/2013 - 16:45 | 3706355 ekm
ekm's picture

I agree that the classical definitions of inflation/deflation are propaganda now, since they are unevenly distributed.

 

The correct discussion must be:

AFFORDABILITY/UNAFFORDABILITY

Sat, 06/29/2013 - 22:20 | 3706951 Unprepared
Unprepared's picture

I got to that conclusion about 4/5 years ago. I was trying to find said affordability measure by income quantiles (I think I used that term) as I didn't see any comparable econometric existing.

It was data intensive and didn't have much free time on hands. Hopefully I can get back to it some time in the future.

Sun, 06/30/2013 - 00:56 | 3707142 Prometheus418
Prometheus418's picture

Yes, ekm.

I have discussed with my wife, not that anyone cares, and we agree that money is now entirely meaningless.

I'm willing to work, and work hard, for any employer that will offer the following as a compensation package:

Enough food to eat.
Enough gasoline to get to work + 1 family outing up to 100 miles per month.
A residence that provides adequate space for a family of five.
Clothing that is not damaged, worn out or torn.
Basic insurance of all kinds, including but not limited to health, car, medical, homeowners, and dental.
Utility payments, with a summer temperature cap of 72F minimum, and a winter temperature cap of 68F maximum.
Internet access, 30 mbit/sec minimum,
A company supplied and maintained vechicle.
$5000 per annum emergency fund, to be used at my discretion.
Three toys, with a total not to exceed $150 per year for each child on their birthday.*
Three toys per child on Christmas morning, not to exceed $150 per child.*
$1000* annual discretionary income to be used on technological and general household maintainance/replacement. 

*baseline value to be evaulated and adjusted accordingly per 2012 value of equivalent item, to be adjusted sccordingly for inflation.

I've got eight years on the job experience as an engineer, and an additional twelve as a precision machinist.  No joke- anyone who wants to make that deal, I will relocate to any place on the face of the earth, as that list is about 20% more expensive than my total compensation, and the gap grows every year.

I don't want numbers anymore- I want a basic standard of living.  The numbers are demonstrably broken.

Sat, 06/29/2013 - 21:15 | 3706830 Professorlocknload
Professorlocknload's picture

  Yeah, what's money? Earlier article today had Bill Gross state, strong economies are ones that produce inflation. We must be in the chips!

Sat, 06/29/2013 - 22:39 | 3706868 ekm
ekm's picture

Bill Gross is a predator. Anything he says he's doing to lure suckers

 

Money is simply a unit of account.

Currency is monetization of ALREADY produces/provided goods and services or AGREED UPON in advance to be produced or offered.

Monetizing gov bonds is equal to monetizing nothing, hence UNCOLLATERIZED money going to Primary Dealers.

 

Uncollaterized money always and at any time looks for collateral, and since Primary Dealers ar NOT consumers, that money is used to buy sources of goods and services out of nothing, like ....the stock market, mines, crude oil, copper, arable land etc

 

Sun, 06/30/2013 - 00:36 | 3707125 Professorlocknload
Professorlocknload's picture

Ekm,

yup, I understand money. In my comment to that article I expressed how blatent it was that Gross calls a strong economy one that devalues the currency. Certainly he's a snake oil salesman like the others.

  Having been "round the world once and to a couple county fairs," I'm on to his ilk.

 

Sun, 06/30/2013 - 01:25 | 3707174 disabledvet
disabledvet's picture

well...thank God the msm financial media and the White House can't stand him. i mean "he's only been making money going on 30 years now" by being on the long end of the treasury trade (meaning your interest rates go lower.) glad to hear all your problems can be cured by Kudlow and Companies higher interest rates!
http://www.reuters.com/article/2013/06/26/usa-chicago-fitch-idUSL2N0F21P... that one will make Detroit look like a walk in the park.
http://www.chicagobusiness.com/article/20130606/NEWS02/130609865/moodys-...

Sun, 06/30/2013 - 01:28 | 3707175 disabledvet
disabledvet's picture

for the record i'm on Bill Gross's side...and have been for four years. i must say i've found the response by the "PTB" rather intriguing. hmmmm. "liberation theology" indeed.

Sat, 06/29/2013 - 16:20 | 3706318 linniepar
linniepar's picture

Gold bitchez!

Sat, 06/29/2013 - 16:24 | 3706327 dark pools of soros
dark pools of soros's picture

what about Ammo?

Sat, 06/29/2013 - 18:38 | 3706547 espirit
espirit's picture

Yeah, .45 JHP's ARE like gold.

Sat, 06/29/2013 - 16:25 | 3706328 debtor of last ...
debtor of last resort's picture

Inflation. You think you buy beef, you hope to buy pork, but you know there's something wrong with the taste.

Sat, 06/29/2013 - 16:28 | 3706329 dark pools of soros
dark pools of soros's picture

yah i did a late night binge to to Taco Hell and everything was half the size except the indigestion.. that was 4x bigger than it used to be

 

can you imagine the kids working there eating it 2 or 3 times a day??

Sat, 06/29/2013 - 16:41 | 3706353 caimen garou
caimen garou's picture

cant handle crapo bell, instant colon cleanser for me

Sat, 06/29/2013 - 17:26 | 3706426 Skateboarder
Skateboarder's picture

A commonly heard phrase at da Bell is "hey, the meathose is clogged again."

Cuz meat was supposed to come out of a hose.

Sun, 06/30/2013 - 00:39 | 3707129 Professorlocknload
Professorlocknload's picture

'nuther keyboard done gone.

Sat, 06/29/2013 - 16:50 | 3706365 Simplifiedfrisbee
Simplifiedfrisbee's picture

Aging the stomach one licked taco shell at a time DPOS. Real food is outrageously expensive. I'm eating a 100% genetically modified watermelon picked ripe and my oh my, it looks great, has beautiful color, and the texture is perfect, but one bite into it and the discontent sets in. That is no watermelon!

Sat, 06/29/2013 - 17:12 | 3706396 dark pools of soros
dark pools of soros's picture

ayee..  its my own fault.. i have a huge raspberry patch chockfull from all this summer rain that taste wonderful..  it is a hint to do more..I should plant soybeans to steam up some homemade edamame, etc

the cherries bloomed too early though..  got nothing this year

i have good land..  i learned my whole neighborhood was a farm and even though they scraped a lot of the topsoil and sold it, things grow real easy still

 

 

 

Sat, 06/29/2013 - 18:25 | 3706521 mt paul
mt paul's picture

a couple years ago spent time in Kashgar China

the mellons were incredable 

sweet juicy fragrant flavorful  , the real thing

mellons in amerika taste like coloured styrofoam 

lacking flavor sweetness ,don't taste real anymore

just paid 6.99 for a watermellon ..very disapointed 

fed most of it to ralph ..giant flamish rabbit 

he liked it ..he didn't know any better..

same thing with strwberries..look good , taste wortless...

maybe i'll go eat some worms ..and buy some more silver

Sat, 06/29/2013 - 18:56 | 3706581 dark pools of soros
dark pools of soros's picture

I was in Costa Rica last year..  had two huge mango trees on my hotel's lawn.. picked up 4 a day to eat and they were damn good..  impossible to think of eating the crap that ends up here..  you know they pick them before they are ripe and freeze them

 

 

 

 

Sun, 06/30/2013 - 01:02 | 3707147 Prometheus418
Prometheus418's picture

No mellons grow on my land, don't know why- but I'll gladly trade homegrown 'maters for canteloupe and honeydew, pound for pound, straight up.

Sat, 06/29/2013 - 17:14 | 3706401 debtor of last ...
debtor of last resort's picture

2 or 3 times a day x 4. There you are. The wealth effect needs moar toilet PAPER.

Sat, 06/29/2013 - 17:15 | 3706403 the grateful un...
the grateful unemployed's picture

Taco Bell? that's the franchise which couldn't pass the minimum beef standard, which was lowered to 40%??

Sat, 06/29/2013 - 18:12 | 3706500 TruthInSunshine
TruthInSunshine's picture

Yes, but of the 40% beef (however offal the quality/grade) that Taco Bell uses in its meat mix, 100% of it is beef.

Sat, 06/29/2013 - 17:17 | 3706406 Will To Live
Will To Live's picture

Soon to be Soylent Green mixed in.

Sat, 06/29/2013 - 16:28 | 3706331 LawsofPhysics
LawsofPhysics's picture

Well, file this propaganda piece under "no shit".

Life is hard and deflation is a myth.  No society/currency has ever collapsed/died because their purchasing power was too strong.

Sat, 06/29/2013 - 16:30 | 3706339 dark pools of soros
dark pools of soros's picture

ayee..  bitcoin next year will be something to behold..  it'll swoon the next 6 months with the new ramp up in mining but bitpay is no joke..  they are doing great things.. great to buy things from all over the world now

Sat, 06/29/2013 - 19:12 | 3706614 ekm
ekm's picture

I loooove deflation

Sun, 06/30/2013 - 01:32 | 3707177 disabledvet
disabledvet's picture

well then...default must be an impossibility as well then. "goes right along with bank failures" which i was told "were impossible in the modern age." not that i'm complaining. go ahead and say "prices only move in one direction." i've saying that going on 4 years and am now laughing my balls off as "your non existent deflation appears" in your portfolio. oh, and "by the way...the cost of you borrowing just went through the roof this past month." now don't forget to vote this November!

Sat, 06/29/2013 - 16:30 | 3706334 Atomizer
Atomizer's picture


 

We don’t need Global organizations pushing new Reforms to correct the problems. Arresting the criminals and restoring traditional Capitalism will fix the whole free market growth stagnation. Just my 2 cents..

Sun, 06/30/2013 - 01:33 | 3707179 disabledvet
disabledvet's picture

you go girl.

Sat, 06/29/2013 - 16:35 | 3706346 James-Morrison
James-Morrison's picture

Well at least we don't have to worry any longer about the Heathcare component.

Thank You Obama </sarc>

 

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