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The Fed's Biggest Nightmare: Consumers Are "Losing Faith" Their Cost Of Living Won't Keep Rising
Filed under "insane paragraph of the year," Reuters pens one of the most-telling sentences of the year/decade/century, suggesting - as per the existential threat to the Fed's meme - that consumers are worried that their cost of living won't go up more?
Translation: Please dont lose faith that your cost of living will stop soaring: the Fed's very existence depends on it.
h/t @RudyHavenstein
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#Whatthefuckiswhosmokingwhatsnotgoodformankindforshitsakesyougottabefuckingkiddingme?
You forgot to put AAAARRRRRRGGGGHHHHH!!!! at the end of that!
Speaking of ARRGGGHHH... ;-)
There’s an interesting, but completely blacked-out piece of news…
Today, Putin and Erdogan signed a whole bunch of agreements one of which is for building a gas pipeline between Russia and Turkey all the way to the Greece’s border. The capacity of the pipeline (listen to this!) 63 bcm per year. This is just 5 bcm shy of the two “Holy Grail China pipelines totaling 68 bcm.
Also, the whole South Stream project is scrapped. Scrapped as in Basta, as in Finita, or as in Kaput ;-)
Looney
Just listened to Chris Temple discuss it in depth on the Korelin Economics Report.
Not too long now till TSHTF.
Oh, so it's not making your completely manipulated and doctored up definition of 2% inflation. Gee that's too bad.
Prove it wrong with data reflecting the price of EQUIVALENT LIFESTYLE. That means the price of going to the doctor as much as your parents did. Eating the amount of food your parents did. Living in the size of house your parents did. Heating and cooling that house the way your parents did. Driving the distance your parents did. Doing stuff yourself instead of hiring someone like your parents did. Having the same number of TV channels your parents did.
Entitlement is a bitch.
Customers losing faith? How is that a problem? Last I checked, people were spending every cent they earnt, whether they had faith or not. Faith ain't gonna put more money in their pockets.
Oh hang on, if they have faith then perhaps they'll feel comfortable borrowing money. Is that what all this faith stuff is about - people's tendency to borrow?
If the past is any indicator we'll be waiting a while yet, things might be insane but I don't think they're insane enough yet...
Is this the Fed's biggest nightmare today, this week, this month, this year or ever, because we get a ton of "The Fed's Biggest Nightmare" articles. Read the Little Boy Who Cried Wolf. You might learn something.
yes. But awhile back Iran inked their willingness to explore another pipeline deal with the western backed Nabucco pipeline. I wonder if these separate signings are really a Nabucco consortium deal . Lets face it the business super class doesn't just do events like the Ukraine they also do big pipeline deals and massive R and D projects in China. What we are allowed to see are the shadows on the cave walls.
Saw my bro-in-law at thanksgiving. He subtlely smirked as he related that he has all his money in stocks and bonds and I was a dunce for buying gold. He said he's gonna keep his money in the market and ride out the downturns. I didn't say a word, because I've gotten to the point where I've come to accept that people just prefer not to face reality. I would tell him the fed has been directly behind the devaluation of the dollar by 93% since 1913, but he didn't care and thought I was a conspiracy nut because I did care. This story is no surprise. It's right in keeping with my expectations about most sheep. Ah well, got to just focus on taking care of myself and my family...
he's gonna keep his money in the market and ride out the downturns.
-> no one of odrinary people will ride out in the time of downturn, banks will take all money to save themselves and their masters. You will also lose all penstions which is in stocks.
you guys still don't get it? it's so simple.
Buy The Fucking Dip. How many times do we have to tell you?
What? You really shouldn't mumble like that. It is impossible to understand a word you are saying.
@SuperRay, so does taking care of your family include your bro-in-law? Or will it require some kind of contrition from him?
I'm a big hearted guy. I'll fold as soon as I see his deer-in-the-headlight look after he loses it all. I may even give him a little silver, but no gold! :-)
so im confused...you understand that the fed intentionally creates inflation...something which the publicly state. then, what, you expect gold to go up in value faster than the rate of inflation???? gold intrinsically stores value....it is not an intrinsic ROI making machine.
Since you like the year 1913: a 1913 dollar is worth about 24 dollars right now; in 1913, gold was about $19 per oz.
You should expect the inflation from 1913 to now to make the gold price 24 times that of 1913. Math --> Gold should be $456.
Now, if you expect a higher rate of return than inflation, you are a speculator, just like someone buying stocks. Get off your fucking high-horse.
Apple, meet orange.
Dude, I wrote a book compared to this. You get a nobel prize for clarity and succinctness.
Lmao.
Not sure where you got the 24 meme. In 1913, gold was about 20. Then in 1933, the government seized it all- paid 20 bucks for it- and the sheep turned it in. The government then immediately declared that it was worth 35.
So here's some problems for your simplistic rationale.
We've never had a stated 18 trillion dollar debt with an implied 'nother 100 trillion due and payable. Nor has the entire world been awash in debt. Does that figure in or not?
We had a gold standard once which limited the quantity of currency which could be introduced. Now, or since 1971, we can produce as much currency as we want. Give us all a printing press and soon we would all be billionaires.
When I see simplistic, notional ideas like 20x24xinflation=480 PoG, I realize where that idea comes from. However there are hundreds of factors which factor in, intangible items from taxes to mining costs to income taxes to debt + scarcity, demand, the lack of free (unencumbered by paper) free gold and manipulation.
So sorry, gotta say the PoG is far more complex than plugging in some grade school math equation and getting 480. However, I will buy every oz you have at that price and as a bonus I will say your first three lines nailed it. Hows that?
I agree it is more complicated. My point was that if your goal is to hedge against inflation caused by intentional devaluation of currency, you should only expect returns of that inflation. You should not expect it to go from 350 to 1900 in 10 years and then continue climbing. If you try adding in all of those non-calculatable price variables, you are speculating, because you don't know what all of those variables are worth one day to the next.
You are correct in a way. Gold is only worth what people are willing to pay for it based on a myriad of factors with regard to what any given unit of currency is worth to them. A wheel barrow full of Zimbabwe dollars will not buy a gram.
Our problem then is true price discovery. How do we arrive at a price which takes into account the general worldwide bankruptcy+ unlimited printing+centuries of inflation+currency valuations and then average all of that including the costs of production into one stable price.
I don't think it can be done. I don't think the poG can ever truly reflect inflation only. I believe right now, given everything I have looked at, the fair PoG without manipulation to be around 2500.
It is currently marked half off. Cyber Monday and all.
So you assume manipulation is only downward? I find that to be a laughable thought if that is the one you have. You have to understand. All gold is owned by someone. Every single one of those people has an interest in gold going up. The amount of money that is to be made from shorting gold is always limited. The amount of money to be made from being long gold is unlimited.
All logic says that manipulation of prices is equal in both directions if not net upwards. Why is it that so many nations like inflationary monetary/fiscal policies if not to drive assets like gold, land, energy upwards in price?
Edit: by the way. I find your argument and ability to express your thoughts with full sentences for more respectable and appreciable than some dolt saying apples and oranges. Thank you.
Brevity is the soul of wit.
Written by the king of brevity himself.
What's more clever, Hamlet or Avatar?
" Every single one of those people has an interest in gold going up".
Does this apply to CB's?
CB's have been hell bent on removing trust in gold, so faith remains in paper currencies. Everyone who owns gold as a result of working has an interest in gold going up.
CB's who can just print money to buy gold I suspect couldn't give a shit one way or another. If, however, suppressing the price of gold serves a purpose of the CB in maintaining faith in currency, then it's no skin of their nose to suppress the price of gold.
That you think otherwise is laughable.
You said "All gold is owned by someone. Every single one of those people has an interest in gold going up. The amount of money that is to be made from shorting gold is always limited. The amount of money to be made from being long gold is unlimited."
This is incorrect. The amount of money to be made from being long gold is in fact limited, because one cannot own an unlimited amount of gold. But central banks can print an unlimited amount of money, which they can leverage into unlimited squared. So while the people who own gold have an interest in seeing it go up, those who ALSO own a printing press have a bigger interest in that.
But, what is the price, for the pleasure, of eating the last of a species?
priceless. i eat a can of tuna everyday so that i might be the last.
This is where he gets it. Imagine that!
http://data.bls.gov/cgi-bin/cpicalc.pl
http://historicaltextarchive.com/sections.php?action=read&artid=418
i know, i know....1914 is a year off....but still....look, do math, learn.
Saw that calculator. But I have yet to find an explanation why no matter what I do, I can't make 10X as much in 2014 as I made in 1980 and still fall behind. According to the calculator, I only need to make 2.5 as much as I made then. What is it then? I'm just really way better off and don't know it?
Me either. In fact, I made 8 bucks an hour union scale in 1980. Gasoline sold for .67. About 33 years later, I was offered a job at 8.25 an hr rather than the implied 80 bucks an hour I should have been making. The comparison does not work. Somebody said it best.
Apple meet orange.
comparing union job to non-union job? apple/orange
probably should have gone to school in those 30 years.
I did actually. I worked full time while getting my degree.
Questions: why are you comparing the wage of some union job (I think in general union jobs are overpaid compared to others of the same type within a market) to some other job in the future without stating what the particular jobs were? What is this degree you received that yields nearly minimum wage jobs?
Why, above, are are you comparing CB gold ownership to regular person gold ownership?
So your saying the same union job would pay 80 now?
No...that's stupid. Living expenses are not 10x what they were in 1980 except in specific selected scenarios. The upper estimates for inflation from 1980 to present is about 500%....so that union job would pay $48 per hour if everything neatly worked out like that. But it doesn't. Certain skills lose value over time. But yes....some union jobs do pay around that for repetitive labor that nearly anyone can learn.
Not sure how old you are. But obviously too young to recognize the calculator is wrong. Add it up, any way you want. After tax income available after paying for basic necessities (food, housing, medical, education, transportation, utilities, taxes of all types, clothing, etc, etc) is not as much as it used to be. Then there is the cost to all of your wonderful disposable income like $300 to go to a football game. You are nuts. Consider this my friend: save $1,000,000 of after tax income if you can. Your reward? The interest income on a money market fund.... will just about pay your cable tv bill for a year!!! Get it? All of this is horseshit.
I think you misunderstand. it takes nearly 24 of those printed one dollar bills to buy what it did in 1913.
And that's IF you believe their bullshit inflation numbers....
yes....thats what i said.....in a way....gold was $19.....if it takes 24 dollars today to buy what 1 dollar did in 1913, then gold would be 456. interesting source for real inflation numbers: http://historicaltextarchive.com/sections.php?action=read&artid=418
id say the 24x estimate is pretty close...it varies depend on how/where you choose to live however.
How is a 1913 dollar worth 24 Dollars today? Did you mean it would take 24 dollars today to match the purchasing power of a 1913 Dollar?
I'd take care of my sister and feed him the table scraps for awhile and make him wear a pink tutu while he does the dishes. Sorry just isn't quite good enough.
ignore the gold shill. he probably buys gold on credit cards, then sells it on ebay. times are tough for gold money changers.
You must be working on some kind of holiday bonus with all this bs you are posting.
bored bro
I admit, I gave up trying to tell anyone about the Royal Scam, Super Ray.
Sucks to be a goat in a world full of sheep, don't it?
sheep taste so much better. especially when theyre young.
bunz, maybe you and I got off to a bad start. Maybe we're circling the same orbit only to eventualiy collide, I dunno. Anyway, sheep do taste better, which is why I'm glad to be a gamey goat. You?
The way the system is rigged its tough to argue against his sheep thoughts.
He's so wrong....he's right.
And that can continue longer than anyone can imagine I suspect.
Welcome to our Brave New World.
Your bro-in-law is about to learn how natural selection works in real world. Hint, the stupid don't live long...
Speaking of reality, since march 2012 gold is down 36% while the S&P is up 42%. And you call him stupid?
dont tell them the truth bro.
if you want upvotes, you have to blindly follow the religion of gold/anti-US gov/hating bankers/saying "we __________ some folks" in response to current events.
I like telling the truth and votes aren't worth a nickel. I guess that is why I keep getting banned. Fight Club ha ha.
i call trusting people who are continually caught lying and cheating stupid. At this point, you almost cant really blame them for fucking people over. Its what they do, this has been known for years, you swim with the sharks, you may get eaten. I would hardly call myself a savvy investor, I really don't know much about it. I just know that stocks at all time highs doesn't mix with a collapsing economy, which means one of two things has to happen- either we have to have a huge upswing in the labor force participation rates, coinciding with rising wages and therefore more people with more money to spend, or the stock markets needs to come WAY down to meet the depressed economy. Im not 'all-in' with gold, I have some long term stock holdings that have done well, UPS and AAP(yes, auto parts, not apple) as an example, but I don't trust this system that is held up with money printing and debt. At some point all these bills are going to come due, regardless of how much is created out of thin air to prop up a hopelessly corrupt and broken system. Either this debt will be inflated away, or defaulted upon. Either way, it will not go well for holders of this debt, or stocks whose values are dependent on the fiction this debt is stable
Carl, IMHO you are simply doing all you can do with available information.
People look at gold in the wrong way, I think. If you have a family, and you have life insurance, then you should also hold some gold. Its not an investment or a speculation. Its insurance. Period.
This is why (IMHO) people should hold a set amount of gold that they feel comfortable with, against the day it may be needed.
edited to add: Its all about what lets you sleep at night.
It should also be pointed out that if it ain't fixed don't break it.
Misread...
Losers
hang them up
https://www.youtube.com/watch?v=14H8OzTzne4
jezz they deleted video with 2.5 mln views for no reason...
"
This video has been removed as a violation of YouTube's policy against spam, scams, and commercially deceptive content."Commercially deceptive? If Youtube was in charge, I guess they'd ban the Fed, the Stock Market, and COMEX, wouldn't they? And they'd probably yank CNBS too.
Only an idiot would assume price growth means wage growth. The new Stone Age for economics this is.
price growth means wage growth for banks=)
We can take back OUR economy anytime we want to, we just have to demonstrate the will to not engage THEIR economy.
What we need to do is establish a market outside of their economy so it is easier for more people to participate thereby, well, I think you understand where this goes. Hmm.
It would likely be the only way of getting the message through to the sheep. 'Oh, look, Buffy, things cost much less in this so called black market.'
We are surrounded by incompetents, morons, pikers, laggards, incapable, idiots, morons, mentally in-firmed, short bus ridership, Darwin Award candidates, seriously challenged, mentally retarded, retarded, seriously retarded, in need of serious professional help, should be confined, need serious counseling and unlimited doses of psychotropic medications, needs lobotomies, uncaring, mean, dispirited, evil, bad and of ugly persuasion, lacking of character and spiritual grace, unseemly, careless and inattentive, detached, display severe detachment disorders, psychopaths, sociopaths and just plain fucking stooopid.
Oh, and I almost forgot. Have already lost faith in the leadership which approved that statement. Fucking imbeciles.
Ummm,..you said morons twice.
Mr knukles: "Well, I like morons!"
AAAAAARRRAGGGGHHH!
People are losing faith...in government and financial institution...PERIOD!
In everything.
They are not the onlyones losing faith http://reason.com/archives/2014/11/30/whatever-happened-to-inflation
Loaded to the gills with Golden Age Comic Books !!! Come on Fed...u can do it!!!
That's from The Onion right?
Does anyone, anywhere, really buy this Fed-Speak? We're all hurting here, and they want moar pain? Are they totally detached from reality?
cognitive dissonance
Yes they do, and yes they are
That's what happens when you can just print your wealth. Versus regular people who have to WORK for it.
No wonder they're deluded; they've never done an honest day's work in their corrupt lives.
Holy crap, you mean shit I buy might not get more expensive???? WTF SHOULD I DO...... uuuuuhhh ok I got it, Ill just use all these federal reserve notes to heat my house.
Wow, that was a close one, I was almost not poor.
Stupid Sheep!!! Of course your cost of living isn't going to go up. But if it's ok with you, we'd like to start selling ice cream in 2.6 quart containers, sugar in 3.5 lb bags, and gasoline by the quart, OK?
I make my own ice cream and buy sugar in 25 lb bags (flour and rice too). That ice cream you buy in the grocery store is full of things that don't belong in food.
>> buy sugar in 25 lb bags
I used to buy my sugar in 25# bags at WW then noticed it was cheaper to buy it in 10# bags at Publix, a higher end grocery retailer. Just goes to show you never know who's going to try to stick it to you and where.
I rarely have sugar or make desserts except during holidays so buying 25# of sugar seemed a little pointless. Then I got the bright idea putting up a hummingbird feeder in the desert. Mr has expressed a desire to put the hummy pigs on a diet. The people at Costco look a little strangely at him with just a huge bag of sugar in his cart.
Miffed
Sugar, like honey, keeps indefinitely.
OH MY GOD STOP BUYING THINGS NO MATTER WHAT THE PRICE THE GROCERY STORE TELLS YOU. BUY EXTRA WHEN ITS ON SALE. IT IS NOT THAT HARD. PEOPLE THAT HAVE BRAINS HAVE SEEN LOWER COSTS OF LIVING FOR THE PAST 5 YEARS.
You've slipped into frustration, bunz, at least you're no longer bored.
Rudy is THAT stupid.
Freudian slip hmmmmm
Bureaucratic/media lying just gets more bizarre as we get closer to the end game of US fiat vs. Gold as elucidated here:
http://fortruss.blogspot.com/2014/11/grandmaster-putins-golden-trap.html
*FACEPALM*
These people are beyond stupid. There's no hope, folks. Face facts...these are the people in charge, and this is an example of their reasoning abilities...
You can't fight this, it's mental illness. These people are mentally ill, period. There is some kind of group psychosis at work too, but at the core it is mental illness at work here. And they're in charge of all the important shit. Remember that.
This doesn't read as stupid on their part. It reads as a 'seperate' entity floating a trial balloon meant to open the mind to MOAR!!!
They are almost finished with rearming the printers. Time to get ready for H-Hour.
No shit?......well then, fuck it, this consumer is canceling Christmas.
I don't think I could stand another 2% inflation increase. Seems like it's up another 2% every month as it is.
Well, the solution may be to kill half the population.
Remember, the sustainability of the instititution come first.
You're expendable.
I contend the primary reason that inflation has not raised its ugly head or become a major economic issue is because we are pouring such a large percentage of wealth into intangible products or goods. This includes currencies. If faith drops in these intangible "promises" and money suddenly flows into tangible goods seeking a safe haven inflation will soar. Like many of those who study the economy I worry about the massive debt being accumulated by governments and the rate that central banks have expanded the money supply.
The timetable on which economic events unfold is often quite uneven and this supports the possibility of an inflation scenario. A key issue being one of timing. If the price of gas jumps to $8 a gallon overnight do you buy gas and not make your car payment or stop driving the twenty miles to work? Answer, it could be months before your car is repossessed so you buy gas.
It is important to remember that debts can go unpaid and promises be left unfilled. If this happens where does it leave us? Chaos and major disruption would result from such a scenario. As we have seen from the economic crisis of 2008 and following many other unsettling developments legal actions can continue to drag on for years. The article below goes into more detail on how this could play out.
http://brucewilds.blogspot.com/2014/04/inflation-seed-of-economic-chaos....
Stupid is relative when you don't know what you don't know...
Lewis Black’s Rant on Climate Change
https://www.youtube.com/watch?v=OYwSGiowEzs
Lewis Black seems to be trapped in traditional thinking about a lot of things, but here we see him awakening to the idea of climate change.
Then try:
Peter Wadhams (http://en.wikipedia.org/wiki/Peter_Wadhams)
Nov 2014
Climatic Implications of Arctic Sea Ice Retreat
http://vimeo.com/112251505
1. Ice thickness measurements combined from US and British submarine data and further combined with satellite area data provides total ice volume up to the year 2011.
2. Arctic ice volume retreat DATA (not model) continues at exponential rate. 75% sea ice loss since 1970s.
3. Summer sea ice will disappear ?very soon? within the next 2 years, 3 years, or maybe 4 years. Surely by 2020. Curve fit of the data suggests 2017.
4. After the summer sea ice event (Sep 2017), the Arctic will be free of sea ice for longer periods in succeeding years.
5. Ice retreat means reduction in global albedo effectively adds 25% CO2e to current CO2 load or 500ppm CO2e.
6. Snow line retreat of 6 million square km which equals or exceeds sea ice loss induced reduction in global albedo adding another 25% CO2e to
current CO2 load or 600ppm CO2e.
7. Warmer Arctic air mass accelerating rate of Greenland ice sheet melt. The impact of more volume and warming ocean expansion to raise sea level to the 1m mark ~2050.
8. Current methane release from shallow Siberian arctic shelf suggests 50 gigatons into the atmosphere which would increase the Earth'?s temperature somewhere between 0.2 to 2.5 degrees C by 2030.
A 2.5 degree C increase means, at best, mass migrations from shores inland, extreme weather conditions, food shortages...
Then try this:
Paul Beckwith - A climate system summary - October 2014
"If allowed to continue ..." ... Wow, like we have some kind of control over termites and cow farts.
Paul Beckwith has a physics/engineering backgroud so he hopes we can teraform the planet before it is too late. Latest IPCC thinks the same way: Intergovernmental Panel On Climate Change (IPCC) says that "Global warming is irreversible without massive geoengineering of the atmosphere's chemistry."
And anyone with access to the internet can google up a bazillion hits detailing how you using outdated and incorrect "facts" based on models and simulations that were themselves limited to data input from only the last few decades to extrapolate all of human history and beyond.
Yeah so, you bend over. The climate isn't gonna kill anyone faster than the bankers are gonna kill everyone.
Edit: Have to add some snidley whiplash. You do realize that if the planet really is warming up then more of it will be available for growing food and habitation thereby INCREASING the number of lifeforms it can support? Let me say that a bit more simply. The warmer the earth gets the more life it can support. Global warming is a good thing if you are into life. If it is death you want, freeze the place or be a banker.
Ignorant fuck. Try reading some data instead offeing your uninformed opinion. Watch Lewis Black’s Rant on Climate Change and have a laugh and learn something...
https://www.youtube.com/watch?v=OYwSGiowEzs
The funniest thing is that some people still believe in Global Warming.What a joke.
Years ago a book was published in Germany in which 100 experts proved, from every possible angle, that Einstein's theories were wrong.
Someone showed the book to Einstein. He glanced at it, put it down, and remarked "If I was wrong, one would have been enough".
It is not a belief, you ignoraant fuck. It is called the scientrific method. If you are not familiar with the scientific method and data presentation, then this information is essentially meaningless. To appreciate the significance of the data, you must have the following knowledge/skills:
Most climate models fail the last criterion. Regardless, there is not much theory required here; just extrapolation of exponential functions.
Check this: search "climate change during the carboniferous period" and look for "geocraft" should be at or near top of search. Check out the chart three pages down or so that summarizes climate change and CO2 levels for a couple hundred million years, and it's a good read as well. Nobody disputes this data, as far as I know. Most climate "experts" stay focused on the micro stuff covering a few hundred years.
Ingroant fuck. Average global land and ocean temperature is just under 1°C over 1750s baseline. Regional temperatures vary with largest effect seen in northern hemisphere and Arctic. A month of global below-average temperatures has not been observed since February 1985. See: NASA Earth Observatory Global Temperature Anomaly
Come on over to my place. We just experience the coldest November I have ever seen in my 63 years and the freezing temps doesn't look like letting up. This is not new, last winter was exceptionally long with little or no break in the below freezing temps. We have not had a mild winter since the mid nineties when we had 2 or 3 in a row.
I live in Canada, and could use some Global Warming. I am getting sick and tired of all these bullshit promises, how about some action?
Another Ignorant fuck. Temperature gradients between the Earth's equator and poles influence climate and make our weather. As warm equatorial heat moves towards the poles and meets cold air (combined with the Earth's spin), it sets up the northern and southern jet streams which in turn influence daily weather patterns. For example, in January 2014 there were extreme temperature differentials (~80°F) between the equator and Antarctica in the southern hemisphere creating a high-speed southern jet stream which expanded Antarctic ice sheets, and at the same time, created an intense heat wave in western Australia.
However, the warmer Arctic and thus its weaker temperature gradient in the northern hemisphere combined with the Earth's rotation (angular momentum) has led to stretching of the northern jet stream into long waves ("polar vortex") and subsequent extreme weather patterns that were experienced in the 2014 winter. To be clear, this is not unusual weather, but rather a new climate pattern of extreme weather events.
Giant-Storm-Battered Alaska Strongest Recorded in North Pacific - Nov 2014
Jet stream disruption contributed to "polar vortex" - Sep 2014
Paul Beckwith - Abrupt Climate Change - Feb 2014
White House Explains Polar Vortex Weather - Jan 2014
You say, "To be clear, this is not unusual weather, but rather a new climate pattern of extreme weather events."
I say, "Yawn ..... Another maroon yapping.
Is this the first "new climate pattern since creation? Will it be the last? Ever?
Do us all a fovor and hold your breath until you drop. The co2 you exhale is fucking up the planet.
Did Harvard U. teach you the "ignorant fuck" thing as a debate method? I got a warm and fuzzy feeling reading it, and it just drew me deeper into your psyche, you know...It must really help you win people over to your way of thinking. I mean, it just reeks of, "Now here speaks a really smart, thoughtful, and important person!"
Let me guess: you believe in thought crime, i.e. imprisoning global warming deniers, right?
I'm really glad you're not in charge of anything important, because you clearly cannot cope with reality. You apparently have never heard of the infamous falsified "hockeystick" graph-generator, the hidden data no one sees because it denies the narrative, and the East Anglia emails that destroy any pretense of objectivity, accuracy or scientific validity of "peer review" in a closed echo chamber of captured journals. Since none of the predictions have come true (we still have polar bears, Arctic ice, sea level below the Appalachian summits and so forth), we might be forgiven for thinking that "global warming" has been proven false, an excuse for Al Gore to raise millions while polluting more than small cities, and a cause without a proof that sucks up research funds better spent elsewhere.
I'll save you some time: I'm an "ignorant fuck", which you can't spell reliably, and don't understand science. That might surprise my advisor and dissertation committee, since I fooled them enough to finish my doctorate in an engineering field, and make my living as a consultant these days. But then, maybe they're "ignorant fucks" too, along with the rest of the world who refuses to blindly follow your assertions of enlightenment.
When everyone else seems like an "ignorant fuck", is it just possible that YOU made an error of faith somewhere? That the environmental religion has led you and several others astray, degreed or not, so that your greed and love of government money / research grants to fund your positions doesn't abruptly end and cause you economic pain? Don't worry, I'll keep your secret - just like those East Anglia wankers kept theirs, until the rest of us found out anyway.
Pathetic, blind zealot; Mother Gaia is not going to reward you in the next life, either.
Save the planet. Martyr yourself immediately. Die for your cause.
Standard Disclaimer: Believe me I'm trying to help you here by coming up with a way you can commit suicide in an environmentally friendly way.
I really don't know how you Canadians can stand these temperatures. You certainly are made of more sterner stuff than I. When I lived in Spokane for 5 years and it hit -20 a couple of times I felt I couldn't breathe.
Of course, living in a god forsaken, most idiotic State of the Union and trying to survive in a desert shows not too much mental brilliance on my part. Luckily we are to get some rain Tuesday. The funny part is the first major rain of the season is always a nightmare. Months of motor oil has built up on the roads and when some rain falls, this becomes VERY slippery. Hundreds of accidents occur in the first hour because San Diegans drive 80mph on the freeways rain or shine. The " How the hell did this happen?" looks on their faces can be quite entertaining.
Miffed
I often wonder about that myself.
Take a few steps back and look at the harshest places on this planet to live. You will find people who manage to survive under some pretty cold and dangerous circumstances. Wittingly or unwittingly, I think they an advantage due to their harsh climate: more freedom, more peace and less risk of invasion.
America has become the nation who rewards failure at all levels. From Bankers who managed to bankrupt their institutions, to a military command that can't defeat the Taliban, to our health care system that costs double of the best in the world, and produces outcomes below 1st world standards, we reward blacks who refuse to work, we reward Mexicans who say "fuck the law" we are coming in to live and just accept it, we reward the state department people with raises, promotions and career advancement for fucking up the Iraq reconstruction, the Afghan reconstruction and the Ukraine coup. We reward wall-street whose investment and business plans are failures outside of the Fed manipulated market place. We reward half wit cops who shoot to kill because of their cop culture of force protection over law enforement, we reward every jack ass who fucks up and we call them American's best and brightest. But if you are a worker, we fuck you, if you are a saver, we fuck you, if you are a veteran, we fuck you, if you pay taxes fairly, we fuck you. If you try and get educated we put you in a shit public school systems that rewards teachers with pay, and a work schedule that is equal to most people's retirment plans. If you seek higher education, you get fucked by costs out of control and debt slave loans. If you are poor, but still seek to work, we fuck you with a 7.50 an hour shit part time no benefit job and then demand you be grateful to "the man" for your shit fuck job!
All in all, we rewards the worst of us.
Gawd what a beautiful rant up until the cop part. Ya know, I asked the guy to drop his gun and he shot at me instead. So I killed him. Thankfully however, I have you to point out that I am a half wit. A half wit who started out around 6 bucks an hr. Feel free to go get a gun and badge and do the job yourself. I'll be happy to let you know how you performed.
Only a special kind of prick with a Christ complex, or total bully and control freak would want to even be a cop.
You are exactly who I was writing about. You did a lot better than nitwit though. Excellent.
I gotta laugh. The only ‘Faith’ that matters to millions is total believe in the omnipotence of the Fed bankers and that they stand 100% behind the markets. So long as Fed worship doesn’t weaken, just a few choice words can send the markets soaring to new heights. Inflation, deflation…most people don’t give a s***, just make sure they can get a new I-Toy, HDTV, SUV, and some chips and soda with an EBT card, and they lead a very blissful and non-Ferguson like existences. All is well and the oligarchs have no worries. No talk of revolution in the air.
Using government CPI numbers to calculate anything is pretty dodgy. And besides that, there is a lot more to the equation.
another piece of Western ammo blowing up in their own face. Putin has called the EU's bluff on their reluctance to accept Russian oil. Putin then announces a pipeline into Turkey that can serve Southern Europe. These EU clowns are doing a great job being clowns
From the same piece, it gets even more stupid as you continue to read,
"A key for us would be to be communicating effectively and then taking actions to live up to that communication that we are trying to get inflation back to 2 percent as rapidly as possible," the Minneapolis Fed president said last in November."
Ok so here's my question. How does getting inflation back to 2% square with one of the Fed's mandates, that of protecting the purchasing power of the dollar.
I want my taxes back.
I can make no sense out of this whatsoever, I hope it is just a drug-addled idiot of a reporter.
there was 2% inflation long before their 6.5% unemployment, but they weren't going to raise rates, or quit printing.
they hit 6.5% unemployment, cpi still hid inflation, and the printing continued.
cpi's hidden inflation was classified as a stealth deflation, america has been living with 5 yrs. of increasing inflation.
95% of americans reconize the word inflation, and fear it.
5% know the word deflation, and it's affects.
it's so much easier to con the 95%, than it is for the 5% to enlighten the 95%.
http://www.cbc.ca/player/News/Business/ID/2623085441/
The Exchange with Amanda Lang | Dec 1, 2014 | 7:30
Crude and currency
Economist Jim Rickards weighs in on the impact of low oil prices on currencies
These ivory tower idiots scare the hell out of me. Of course, the system was created for the few, to rule over the many. The realization of that fact alone is like Neo waking up and getting flushed from the Matrix.
Only thing the Fed can do now is legalize cannabis, because cannabis makes all peasants gentle, whereas alcohol makes some peasants violent. :-)