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Inflation Watch: How Much $1 Used To Get You!
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What this country need is 65 cents a gallon gas. A dollar is too much!
A 5 Guys burger place opened near me in 2008 and a double patty cost me $5.05. Today it costs $6.74. Average annual inflation rate of 5.5%. FUCK the CPI.
it will get twice more next year or two
Venezuela famously enjoys the cheapest gas in the world: At around 5 cents a gallon, Venezuelans can typically fill up their cars for less than $1
http://www.ibtimes.com/venezuela-gas-prices-worlds-cheapest-about-get-mo...
What I want to know is why they're living on top of our oil.
There have been a lot of people in Washington asking that same question for years. After all South America is still America right?
Let’s roll.®
There is no inflation.
It must be nice waking up every morning knowing you can print as much money as you want for whatever you want and there will be millions of goyim to pay for your shit with inflation.
How fucking nice would that be?
I wish one of these parasitic motherfuckers would write a book on all the whores they can afford and their parasitic lifestyle.
All you need to know about global prices........
The Big Mac Index
http://www.economist.com/content/big-mac-index
The reason these types of articles are a sham is that it only shows one side of the story. We make a ton more per hour than we used to. What ZH should do if they weren't so biased to bring bad news and pitch gold, would be to show how much this stuff cost in hours.
For example. Are you better or worse off today:
It used to cost $1 to buy a gallon of gasoline and required a worker to work 30 minutes to earn that dollar.
It costs $4 to buy a gallon of gasoline and requires you to work 20 minutes today.
What is a cynic? A man who knows the price of everything and the value of nothing. ZH is the ultimate cynic. This article is proof they know the price of things, but provided no information to whether that price is a better or worse relative value due vs a constant like an hour of labor.
FAIL!
You may have a point about some cost/income ratios, but your example sucks. Gas was $1 in 1998 when CA minimum wage was something like $5.75. Gas is now $4 and CA minimum wage is $9.
Ah, 1998. A hell of a time to deliver pizza.
I hate pizza. Papa John cornholed my mother. I'll never forgive him.
You guys in 2014 have it so easy. Just be happy you didn't have to work 16 hour days in factories six days a week and sleep on the shop floor like they did in the industrial revolution.
I've seen it with my own eyes ;)
Minimum wage is a horrible barometer for what the average person earns, considering how few people who are neither 20 years old, a token housewife, nor mentally disabled, actually earn that little.
You are missing the point. Inflation destroys savings. If a man intends to pass 1000 hours worth of his labor on to his children, and he takes the money made with his labor into a coffee can, the government steals a portion of that saved value each year.
Not only are they stealing that accumulated wealth, they are lying about the rate at which they are stealing it, and stopping the market for paying interest at a rate that reflects that theft.
You are a bag holder worse you are a slave
4 % inflation over 10 years Thats how its done.
sound familiar it should. Housing used to just refect that.
I know your smarter than that you can beat the game with higher returns
So now you retire say on 10k a month ,hang on in ten years thats only 5K in buying power
In Animal Farm what happened to the horse, did he get the green pasture?
Parasitic is such a mean word.
Most of the Tribe prefers the term symbiosis. We steal thru inflation & our MSM lies about it, so you feel better.
Those with more chutzpah say how did our $$$ get into your account?
Yeah, that idiot Krugman was just writing that a couple days ago. What a dormant moron.
"Let's roll"
Which they said before their jet "crashed" into a hole in the ground in Pennsylvania about 20 feet across with no signs whatsoever of engines, black boxes, luggage, wings, fuselage, passengers, seats or anything else that would be there if a commercial airliner had actually crashed there. Another 9-11 miracle!
Well, you see, the airliner that crashed into the Pentagon was an anti-airliner, and the one that crashed in PA was a normal one, so - just like a crash with an electron and a positron - the two cancelled each other out through the spookiness of long-distance quantum entanglement. Or something like that.
After all, the government wouldn't try to deceive us, would it?
Befitting Venezuela’s position as holder of the world’s biggest oil reserves, the late Hugo Chavez set the price of gasoline at the official equivalent of 5 U.S. cents per gallon. Venezuela may have cheap gas but also has shortages of consumer staples like toilet paper and flour, power outages, confiscations of private property, Capital flight, inflation running at more than 50%, and the highest murder rate in the world.
Despots propped up by revenues from natural resources have had a surprisingly robust track record over the past 100 years. Saddam Hussein survived through ruthlessness and handouts to Baath party loyalists. Khadafi perfected the same model in Libya. The Saudis and other Gulf sultanates and emirates have survived by paying off tribe members. Zimbabwe’s Robert Mugabe is still around thanks to his trade in blood diamonds.
Grant people a right and they will thank you, for a little while. Try to take away that right and they will revolt. The last time Venezuela tried to hike gas prices, in 1989, there were riots in the streets.
Cheap gasoline is why the government of President Nicolas Maduro is doomed to collapse. He can’t raise gas prices meaningfully without setting off an even greater populist uprising than the one already wracking the capital. But without change, the Venezuelan economy and its state-run oil company Petroleos Venezuela (PDVSA) cannot last long.
http://www.forbes.com/sites/christopherhelman/2014/02/20/cheap-gasoline-...
A Big Mac is $26.
Thats without your Govt assistance heart surgery you life sucking welfare recipient. Another Obama medicare miracle
I was working in Venezuela back in 1989. when they raised gas prices. It did get ugly. They announced the day in advance so I bought two 20 liter gas cans and filled them up. We were working on the eastern side of the country so it wasn't as bad as in Caracas but they did set some gas stations on fire. My 40 liters of gas was enough to get me to Tucupita where I hung out until things settled. It was an educational experience.
It was actually kinda fun. The company I was working for thought their pickup was stolen and I was MIA for a few days.
Meanwhile, closer to home, "...in actuality around 70 percent of American families are receiving more from the government than they are paying in."
http://www.forbes.com/sites/jeffreydorfman/2013/12/19/romney-was-wrong-a...
This will not go on. Imagine the fun when the EBT cards are no longer topped off each month.
"...in actuality around 70 percent of American families are receiving more from the government than they are paying in."
A bullshit statistic in that the .gov handouts don't cover the inflation tax and the general shitiness of being forced into a .gov mandated life of no upward mobility. The oligarchs on the other hand are getting WAYYYYYYY more benefits from .gov relative to taxes paid. That also includes any Real Estate and Financial Professionals with no real world skills whose incomes are solely dervied from the .gov ponzi.
It's that way if thinking that is getting you into trouble in the Middle East.
Greetings from Europe.
From that article:
Somebody want to remind me why Venezuela is broke again?
If the Venezuelan gov't. removes any of the subsidy it will be much worse than back in 1989. Chavez hadn't been elected yet and the Guardia National handled the situation. This time...
"Venezuela famously enjoys the cheapest gas in the world: At around 5 cents a gallon, Venezuelans can typically fill up their cars for less than $1"
Cheap is always what is abundant and the promises of the scarce!
Unless, of course, you live in a state that accepts silver coin. Gas=about 25c per gal
@ZerOhead
There are sanctions for that!
4.9% ((6.74/5.05)1/6), but close enough since it was only over 6 years.
You got off easy on the 5 guys price. It's around $8.50 a cheeseburger in NYC.
It is an old time worn bumper sticker yet it gets right to the point......"Despite the high cost of living, it remains popular"
My grandma used to say "life sucks, but its better than the alternative"
Pladizow A 5 Guys burger place opened near me in 2008 and a double patty cost me $5.05. Today it costs $6.74. Average annual inflation rate of 5.5%. FUCK the CPI.
---
And fuck them for forcing you to eat there. Oh wait. That would be free markets. Slap me.
Could be that you just missed the point..., I guess.
I commented about this just the other day, when I look at prices from 1999 to today, I end up with CPI numbers around 7.5%.
Bank interest is 0.05%. Someone is pocketing 7.45%. And remember, this discrepancy devalues not just newly introduced money, but all money in circulation. The Fed conviniently stopped tracking M3, the total money supply, but M2 is about $11.5T and M3 about $16T per shadowstats. 7.5% of $16T is $1.2T. Over a trillion a year is being stolen from money in circulation and savings. Presumably a lot of that is to finance the US deficit. If you look was what the volumes of QE have been, they come out to very similar figures ($1T a year) and you can run the math in reverve and get a CPI number of about 6.25%.
What's really interesting is that the price of gold pretty much reflected all this up through 2012, and even if you use today's low prices, since 1999 we've been running about 12% inflation.
Use the 7.5% number for a lowball estimate, and gold will be $1800 in 2020. Use the 12% number and it's $2,200. I would argue both of those rates are low, but it puts the safety of holding cash v. gold in a new light. It also shows how goofy gold prices for the past two years have been.
Thanks for that Seek. I watch CNBC every now and then when I get time off. Amazing how one can get so bullshitted beyond belief from the paid goons that are on.
I remember gas at 25 cents a gallon and cigarettes were 20 cents....
Yes, and you got a free pack of (20) matches with the cigs.
An old man told me once that cigarettes used to be 23 cents in a dispenser, and the two pennies were inside the cellophane wrapper for your change.
One point up for the Mazda rotor.
Cigarettes were a quarter a pack out of machines on every street when I was a kid, and kids were always getting sent to buy them.
Sunoco 260 let you dial in your own octane level, up to 260.
Lotta' tetraethyl lead, but it wasn't a bad thing yet.
Mazda didn't invent that, It's a Wankle.
It's a Mazda rotor, not an NSU rotor, nor a Suzuki rotor.
Not too many companies actually made Wankel engines.
I used to hot rod Mazda rotaries, cutting my own ports into housings and rebuilding them, rejetting the carbs, putting on the lighter (later) flywheels, and the electronic ignitions.
Parts prices went up in the mid 1980s, so time to do other things.
I had a '80 RX-7 when I lived up at Big Bear Lake in So. Cal.
I loved going down and up the hill.
Those lil suckers dug into the corners but you had to watch the rear end or you would see where you had been.
Those Wankles were zippy critters for the weight.
I might have done work for you back then. I worked in Big Bear several times when I was a sub in Escondido.
Yea I know, quite a drive. But worth it back then!
The crazy british sell a pack of 20 cigarettes in the machine. Then you get it out and there are 16 in there. Taxes they say.
Cigqarettes were $0.20 a pack!
What I need is the dollar to be so worthless that it makes sense to wipe my ass with them instead of buying toilet paper. I think they are doing a good job of making my dreams come true. /sarc
I can see it now. You've conditioned your asshole to be able to withstand that cotton rag. Then you appear with a single roll of toilet paper, and exchange it for a wheelbarrow load of whatever denomination FRNs is the bill du jour of the day. As you're stacking those bills next to your toilet, you chuckle and say out loud "Suckers, ya shoulda conditioned your assholes. This shit's cheaper than toilet paper!"
In times of civil unrest or war, toilet paper (as well as tampons) becomes an asset.
Stack on!
Corn cobs.
The ones before you say it like they hope it will happen. Let me tell you if it comes to doing your butt with a $USD it will get much more ugly PRIOR to that unfortunate event. Wiping ur butt might be the last thing of importance.
It's $9.50 a gallon in England. Stop complaining.
or perhaps the problem is you didn't complain enough. teach you to give up all those oil countries you use to have in your back pocket. oh look, you just about to lose another one.
$7.91, if you didnt convert imp gallons to US.
See how much better that is?
The UK doesn't have quite the urban sprawl that the US does. That price for fuel would completely shut the US down.
It's $9.50 a gallon in England. Stop complaining.
Better yet, you could leave England. Unless you're part of the Ponzi I can't think of a much worse place to live than the "centers" of finance and industry like London, Hong Kong, New York, etc. If SHTF those places are going to be worse nightmares than they already are.
I'm in Manchester home of communism and equal suffrage. We won't let the bankers take everything ;)
Let's not forget taxes either! How much have they gone up? There is about 42 cents in Federal & State tax on each gallon of gasoline!
http://www.eia.gov/tools/faqs/faq.cfm?id=10&t=10
A gallon of gas was $.25 in 1964. If you have a 1964 quarter it's still worth a gallon of gas.
And the only thing on the graphic that would still be as fresh as the day you bought it?
That 1 ounce of silver. Why? Because you can't eat it, run your car on it or drink it. It simply endures.
In some parts of the world people actually eat silver. Ultra thin layers are put on top of sweet stuff.
my co-worker's step-aunt makes $76 /hour on the laptop . She has been fired from work for nine months but last month her payment was $16491 just working on the laptop for a few hours. Get More Information... www.payvalt.com
Boy l tell I ya.. Years ago I would walk into a store. A dollar you were a penny candy king.
When I was a kid in Pennsylvania, a buck would buy you 20 of the biggest and best soft pretzels you've ever had! (a nickel a piece!)
A dollar can buy you 4 or 5 gallons of gas......if it's a real silver dollar.
Like they used to be.
Yeah, but the price of gold is dropping.........
Bwahhhaaaaaa.!!!
But the price of silver is dropping more. Oh my.
But you're still buying right? :)
I have to buy something with all my paper and/or electronic digits. I do not see any sense in keeping more than to pay my taxes, food, and bills for more then a few years.
My heater still works, so I do not need to burn them to keep myself warm, yet.
You could buy bitcoins.
I hear there are lots of BTUs in those little beauties.
Or if it is electric heat, buy a bitcoin miner. You can earn some money for generating all of that heat, and learn something in the process.
silver is dropping more...
Last I checked the price of gas was dropping too.
silver is dropping more...
Last I checked the price of gas was dropping too.
When I was a young man, in 1875, I would buy twelve tins of RJ Reynolds "George Washington" brand cut plug tobacco for a silver dollar.
Q: Do you hae Prince Albert in a can?
A:Yes.
Q:Well, why don't you let him out?
Is your fridge running?
Does your dog bite?
Sometime around mid February, a dollar will get you slightly more than one squirt of piss.
I am definitely not going shopping with you!
Don't forget to post what the average daily wage back in the day was as well.
Sure it would be great to enjoy yesterday's prices with today's income but you need to look at things more along the lines of what an hour of labor will buy rather than what a promissory note will buy.
Sure thing. I did that math, and it's depressing as hell. My income has gone up in lockstep with the industry average for IT workers in Canada, which is 55% since 1998. In that time, across the board, the actual cost of living, for everything from food, gas, clothes, electricity, rent/mortgage, etc. has gone up about 150%. Not to mention, that salary increase has put me in a higher tax bracket, so I only get to keep a little over half of what I earn now.
I don't buy gold anymore, don't put money into retirement savings anymore, and don't own a vehicle now, because that's what I do to keep a roof over my family's head, and food in the 'fridge. I'm actually much better off than my peers, when I look around. The middle class in Canada is long gone.
Anyone who is in a tax bracket as high as you say you are (only able to keep a little over half of what you earn) and cannot afford a car, can't buy gold or put money into retirement does not have an income problem but a spending one.
According to Reveneue Canada's site here are the Federal tax rates for 2014:
Ok, so I exaggerated a little bit by also including provincial tax, and payments into CPP and EI, and it really works out to just shy of 42% of my paycheque gone every 2 weeks...and I don't make 6 figures. Canadians who look at those numbers (which I've seen on the site myself dozens of times) and think "well, that's not so bad then", really seriously need to take a long hard look at their T4s every year, pull out a calculator, and take a good hard look.
Also, I used to get some money back at tax time because I was paying into RRSPs, but now I pretty much live paycheck to paycheck, so I get a double whammy there. My standard of living hasn't changed, and I've managed to keep it that way without going into debt, but my retirement is starting to look bleak.
Agreed that all the other deductions can add up, and they are really just another form of tax.
My advice is to start some kind of a part-time home business and write stuff off. But do something. That is just way too much to give the government.
You know, that's good advice. It had occurred to me, but I honestly hadn't given it much thought...and I guess I really should. Thanks!
Move
I just read where the average it salary is 230k in San Fran
fervent in spirit
In the U.S., Canada, and Europe the government mandated payroll taxes paid by employers does make taxation at 50% or more on payrolls. For every dollar of payroll costs about 50 cents goes into the employees pocket. And then the employee gets to pay taxes on nearly everything he purchases.
That sounds like a job at mcdonalds in the US is better than an IT job in Canada. Tell me it is not so! There are plenty of US burger flippers driving cars!
Tell me if I've done this math correctly:
$1.35 CAD/liter / 0.264172 liters/gallon = $5.1103 CAD/gallon / .90140 $CAD/$USD = $5.67 USD/gallon
That's right now, and gas always seems to be a lot cheaper here on Sunday evenings. It was $1.42 the other day, which works out (using the same math) to $5.96 USD/gallon.
Sorry but you reversed the dollars. Gas would be about $4.60 USD a (US) gallon in Canada. $1.35 a litre is about right as all the Provinces and cities have different prices. In my Province yesterday regular gas is $1.26.9 a litre plus you can find it for 5 cents off or premium gas at Shell would be around $1.35 a litre.
Ah, thanks...I knew something seemed off there, which is why I asked. I must be getting old and senile, since I used to be considered a human calculator. Still, the last time I owned a car was in the mid-2000s, the last time I filled it before selling it, I paid $0.65 /litre...and I thought that was starting to get a bit silly.
If you were a human calculator, then it was real easy to push your buttons.
Badda-boom!
is it? (the middle class is goen) i work for a large canadian bank - and the indian 'vistiors' all seem to be very, very happy. and maybe even doing better than middle class. and i haven't noticed that a good number of chinese have been investing in real estate.
maybe the middle class isn't your ethinc background?
Then I'll remind you Tarabel.
In 73 any person in my employ made 100 dollars a day working in the finish trades as a carpenter. Many times per week as a sub contractor, it was possible to pull down up to 600 dollars a day. A person who had ambition and was willing to learn new skills, would easily make 12-1500 dollars every week. My 6 employees made enough money before lunch hour, to purchase one ounce of gold, and with the dollars they brought home after lunch, could raise a family in a nice home, driving a nice/reliable vehicle.
We watched the collapse begin very close to 85, but was in full collapse during the Hillary Billary days, and by 92, it was silly to stay in the trades.
It is still called trickle down economics.
After my father died, I found a bunch of his old pay stubs, going back many decades. When he bought the house I grew up in, he was making $80 a week (after taxes) -- this is $4,320 a year, and almost spot on the median family income for 1955. The mortgage payment was $110 a month, so the house was taking 31% of his earnings. Our family of four lived on the rest (and they had savings on top of this), with my mother not working.
That exact same house today -- I've got comps in hand and my brother still lives in it -- $458K. With 20% down a mortgage (PITA) is going to be about $2,500 a month -- meaning the after tax income for it to match the 31% ratio back in 1955 is $8,064/mo, or $96.7K a year. Pre-tax that's like $120K. That's three times the median family income today.
So, correcting for what an hour of labor buys, the end result is we're getting royally fucked. Two thirds of the value of labor has gone bye-bye.
I recall the last five anyways.
Ok I'm tired of bankers. We have the technology. The need to continue the charade no longer exists.
Jump bankster jump.
Anything a Bankster does legally, a spreadsheet can do better.
As for the illegal stuff, well for the benefits of using spreadsheets, I will put up with Bankster spreadsheets that don't break the law...
Well. I'm buying lead. Why, Because it will be in extreme demand.
Yeah, it will be popular for people to ask for it to be implanted in their faces in the future.
Can't get a decent bagel for $1......just sayin'...
What this chart don't say is that average wage in 1800's for a worker was about 1 cent a day.
Sure, but that cent would buy you a coupla whores, a fine bottle of corn squeezins, a decent non-GMO meal, and a bed for the night.
And the whores would cut yer balls off for FREE back then....man, those were the days...
Now you have got to work your ass off for non-GMO meals. By that, I mean hunting, fishing, and spending plenty of time with you hands around the handle of various tools, such as shovels, rakes, hoes, etc... I can tell you that when I pull out all of the stops and make people a meal that I produced from scratch (read: I killed the critter, and the veggies started from seed,) people are dumbfounded at the flavors that they are exposed to. I would put my best cooking against that of a 5 star restaurant. I can make sure I start with better ingredients and I can use methods of processing things that aren't driven by volume but rather quality.
Sadly though, being raised in the USA, I can still eat McDonalds, though I avoid the place and have for a while. The last McDonalds that I ate was when putting up gutters on a rent house for my mom, and the tenant decided to be nice and get lunch for me. But I know what real food is.
I love keeping my hands wrapped around hoes.. oh you meant gardening. Sorry...
El Vaquero, you are so right! I have a small garden in which I grow tomatoes, cucuumbers, squash, broccoli, eggplant, various peppers and herbs and I can tell you the food I create is magnificent. I'm currently harvesting the tomatoes and making sauce as quickly as possible and freezing it for the winter. I have the sauce over my own spaghetti squash and everyone, always, wants seconds!
After seeing these stupid inflation numbers, I am more committed than ever to finding my own 4 or more acres, growing my own, and disconnecting from the grid. It's a no win situation for anyone (unless you enjoy playing the game, I suppose); the only rational solution is to check out.
All of my crops are non-GMO, from seed. My three cucumber plants have produced over 100 huge cucumbers. I planted six. Good thing three died in Spring, or I'd be up to my eyeballs in pickles and gazpacho.
Keep growing!
Exchange the cucumbers for jalapenos.
You could buy an acre of land for a dollar in 1800.
There was no Federal Government...there was no Federal Reserve. Taxes did not exist save on booze. There was no NSA.
People actually voted in 1800...and took their responsibilities as a citizen seriously. We had huge families and aspired to work the land more productively. And so did those we voted for.
Now it's just printing presses and bailouts. Wow! How sophisticated! 1000 years of Western economic thought "distilled" down to "dropping money from helicopters." Thanks MIT!
Totally different breed of people in this country then.
Only land owners could vote. The free shit army of the day were not allowed to... hence, they really didn't have a free shit army...
The natives would disagree with this.
In 1900 the US Dollar was defined as 1.5 grams of gold. Today 1.5 grams would cost you $59.28. So today's dollar is worth 1.6% of what an original dollar. Or in 1900 that dollar would buy you what 3 twenties buy you now. Oddly enough the dollar is worth about 1.5 grams of silver as of Friday.
Some price surveys
http://www.gti.net/mocolib1/prices/1900.html
http://web.bryant.edu/~ehu/h364proj/sprg_97/hurley/1900.html
Basically .... multiply everything here by 60 to get an idea of price comparisons with today's dollars.
Clothing
Hat, Men's, Fine Felt Alpines, .48/each
Hat, Women's, French felt, untrimmed, .35/each
Men's coat, top coat, 6.98/each
Men's shirt, Eighmie, White, 1.00-2.00/each
Men's suspenders, "President" brand, .50/pair
Men's suit, worsted, 7.00-16.00/each
Men's underwear, blue ribbed, 1.00/suit
Employment & services
None listed with prices
Food & beverages
Apple butter, .15/3 lb crock
Beans, new kidney, .10/quart
Beef, rib roast, .10/lb
Butter, Best Elgin Creamery, .25/lb
Capons, .16/lb
Chocolate, Huyler, .34/lb
Coffee, Pure Mocha & Java, .35/lb
Cream custard, Burnham's, .25/2 pkgs
Flour, Price XXXX, 4.45/bbl
Ham, Best Sugar Cured, .12/lb
Herring, smoked, large box, .19/box
Lamb chops, shoulder, .10/lb
Lemons, .15/dozen
Maple Syrup, new, .90/gallon
Peas, Choice, canned, .07/can or .25/4 cans
Pork, salt, .12/lb
Sardines, imported, oil, .09/can or .25/3 cans
Sausage, .12/lb
Tea, .50-.70/tin
Tomatoes, Choice, can, .08/can
Household & seasonal goods
Apple parer, .50 & .60/each
Ash can, 1.49/each
Coal hod, .15-.38/each
Floor wax, .75/gallon
Flower pots, .02/each
Hose, rubber, .07, .08 &.12/foot
Kerosene oil, .50/5 gallons
Lawn mower, 2.35/8-10 inches
Nozzles, brass, .29 &.48/each
Pancake griddle, .35/each
Stable lanterns, .50/each
Stove pipe, .10/each
Washing fluid, Klein Kloas, .20/2 bottles
Newspapers
Daily Record [Morristown NJ], .01/weekday paper
Personal care & health
Soap, Borax, .49/10 cakes
Soap, Armour's floating tar soap, .49/10 cakes
Soap, Jas. S. Kirk's Snowberry Toilet Soap, .49/10 cakes
Toilet paper, Perfection, .09/roll or .25/3 rolls
Vitamin's Hansen's Compressed Cocavena "The New Century Health Food," .25/18 tablets
Real estate
Houses for sale
None advertised
Houses for rent
Some advertised, no prices listed
Apartments & rooms
None advertised
Recreation & amusements
Camera plate, Eastman, 4"X5", .44/doz
Camera tripod, 1.00-1.75/each
Restaurant, Louisa Vismara, 2.50/meal ticket
Toning solution (camera film developing), .25/8 oz bottle
The one word Google couldn't find without circular references to the original report: Cocavena.
I'm pretty sure that was compressed coca leaves with all the cocaine goodness intact. 18 tablets for 25 cents? Hell, Yeah!
"Kids, you're lot leaving for school until you take your Cocavena" "...aww mom... do I HAVE to? I hate vitamins."
This was at a time when a glass of fountain Coca-Cola had about 10 mg of cocaine from coca leaves and 35 mg of the dangerous and habit-forming kola nut exctract: caffeine.
Ah, the good old days when capons could be had for 16 cents a pound!
Well, an acre of someone else's land, but who's counting? Don't kid yourself--this country was founded on deceit, theft and murder...
A cow puncher in the 1880s made $30/month.
And was paid in silver or gold.
Which means that an 1880s cow puncher was orders of magnitude more wealthy than the vast majority of Americans today.
If cows had arms, they would have punched those bastards right back and took their gold.
And thank God that we were only given the right to bear arms.
If the right to arm bears were included by the Founding Fathers the settling of the west might have gone a little differently.
The moment man learnt to kill from a distance, everything went south.
What has to be worrisome is how despite all this productivity in agriculture prices still are skyhigh. Of course big ag corporate profit margins are protected by the government, so the real market value of some of this stuff on the world market won't ever be allowed to be experienced here. See sugar, for instance.
With food exports, you are competing with the world for your bread. Just sayin.
It's not just that. Consider that ag is subsidized and is often priced in the commodities market. Go to a farmer's market and find a local farmer that makes his living off of farming. See what the prices are, and that's the real price attached to your food. You just don't see it directly, because you pay for it in taxes, in QE, and probably in a few other ways.
Price discovery is dead. A real understanding in value is dead. Nearly everything is distorted. Since we aren't trying to get back to reality willingly and softly, the snapback to reality is going to be ugly. It may be war, it may be economic collapse, or it may be something else, but very few of us will be happy about it.
Bingo; a good summary of where we stand today.
Price discovery is dead because
Collateral is dead
Accounting is dead
Risk is dead
WS Banksters are still paid as if there was a 49.99% of a chance that they would lose everything each year.
Nothing to see here... Keep taking out those subprime loans and marching forward Soviet>>>
What is surprising is not the huge surge in prices post Lehman but how pernicious inflation trading really is on Wall Street.
Without debt to short there would be ZERO liquidity right now and the Bailout Tycoons and their Government minders would be forced to peer into the abyss of actual dollars earned through real economic growth and recovery.
The irony of course is that some places in the USA felt no collapse at all in 2008. I did read Grand Central was getting a 25 billion dollar upgrade though...
What's surprising is the fact that you're confusing Inflation with Devaluation.
Oil (CL) wti has dropped from just under $108.00 bbl on June 25th to $92.50 Friday, and the pump prices haven't changed.
Langley could use a good disabledvet
I'm really trying to get you to see the light. Here's a "Layman's Term " definition of "carry trade".
I hope? It might inhabit your mind?
You Don’t Really Understand the Carry Trade, Do You? | The Exchange - Yahoo Finance
Thanks for the link. I have long held that Finance is basically one concept "time value of money" with multiple names to make it more complex so shisters can profit.
Plus the linked author seems to deride people who hate WS'ers. Totally stupid opinion as all WS'ers doing any sort of welfared risk positions should be shot.
I like ZH and have followed for years, but this is the most worthless article I've seen yet. This is like a joke. Maybe ZH can merge with HP, meaning Arianna.
ha ha, yes.
It's not how many dollars you have, it's what those dollars will buy. Now, lets include death by a thousand taxes and remember, ALL business taxes are passed onto the comsumer so yea, keep yelping about the "rich paying more tax" because you are only pre-lubing your own ass.
Cornflakes look to be rather cheap still, compared to the other stuff. Notice anything with labour required, like movies or restaurant food, soared.
Corn GMOs are cheap. Medical costs for related care is costly, however.
I see school kids regularly leave any change less than fifty cents, or even less than a dollar, at the convenience store. Even adults seemingly consider it an insult to be bothered by change less than a quarter. It reminds me of Mexico back in the 80s when stores didn't even bother to give change unless it was at least a few hundred pesos (or maybe I was just a stupid gringo). People have been conditioned to think, geez, the price only went up 10 cents, but 10 cents on a dollar product is 10%. Low grade beef just went up 20% where I live. Not to mention, say, tuna cans going from 7.5 oz to 5 oz while keeping the price the same (a 33% price hike), and similar frauds. It's a fraud because all tuna producers changed at the same time, and the Attorneys General of every state should have been all over that shit. How long are we going to keep putting up with this?
this is Bullshit.....The 2014 Price of Silver is .07 ounces !!!!!!!!
cigarettes use to be 25 cents a pack...:-) I know there will be those that say that we now make more money, so I just looked it up..Yes, the minimum wage doubled since 1988, but gas quadrupled....I did not look up average food cost, but I am sure it is jsut as bad or probably even worse. Taxes also come to mind.
Cigarettes were 35 cents in the early 70s when I used to "buy them for my mom." Gas has tripled since Dubya took office (no, I am not blaming him), so it's not the best yardstick. Food staples have gone up 10-fold since the 70s, and anyone who remembers WIN buttons will also remember that those prices were already highly inflated. Remember generic food? We see that as privately branded food in our grocercy stores, the difference being it sells at premium prices. Sorry, has there been some sort of nation-wide lobotomy that's conditioned us to accept this state of affairs?
Yes, we call it tv.
...and sugar...
... and public education ...
Harriet, It's called Fluoride.
Have to measure things in terms of real/relative prices. And of course gauge what is going on with freedom.