What is the solution of the approaching 16 trillion dollars national debt, equal to some $50 thousand dollar debt of every man, woman and child?
Total obligation of USA is over $211 trillion dollars.
The dollar is no longer printed as a note drawn of the Federal Reserve but now that part is being left off the notes. Is it possible there is a change of currency or bankruptcy in the makings?
Has the USA joined the long line of empires that through wars spent themselves into oblivion that are coming back today? Is the answer a trade war?
We didn’t have a problem driving the inflation sky high and still rising, now how do we stabilize prices?
Not sure how you think that slightly over 1% inflation (if using the Billion Prices Index, as I'm sure a government skeptic like yourself would) is sky high inflation?
Quote from: nathanm on September 07, 2012, 05:55:52 PM
Not sure how you think that slightly over 1% inflation (if using the Billion Prices Index, as I'm sure a government skeptic like yourself would) is sky high inflation?
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From the area where a pair jeans or a pair of shoes’ could be purchased for a dollar, implying that their cost has only risen 1% in 65 years is beyond the category of fairy tails of the deep sleep of Rip Van Winkle.
Using checks without the name of the bank on which it is drawn is preposterous. Of course as long as we can postpone owning up to our obligation the $100 dollar bill is worth about 1% of its value some 65 years ago.
Quote from: shadows on September 08, 2012, 01:52:02 PM
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From the area where a pair jeans or a pair of shoes' could be purchased for a dollar, implying that their cost has only risen 1% in 65 years is beyond the category of fairy tails of the deep sleep of Rip Van Winkle.
Using checks without the name of the bank on which it is drawn is preposterous. Of course as long as we can postpone owning up to our obligation the $100 dollar bill is worth about 1% of its value some 65 years ago.
You mistake past inflation for present/future inflation.
For future reference shadows, a check need not have a banks name, number or routing information to be a valid check. I remember reading about one that was written on the belly of a woman wearing a bikini.
Someone with intimate knowledge of negotiable instruments or "demand deposits" may take issue with that, but banks add the other info for their own protection and accounting.
If you think we have 1% inflation, say hi to Santa Claus for me when he drops by in December.
The CPI is a big fat lie, it excludes food and energy. The claim is that those things are just too volatile. If your food and gas bill goes up 50%, and the government claims inflation is at 1%, how do you not realize you are being lied to?
But the main reason they HAVE to lie is due to the COLA (cost of living adjustment) in Social Security. The whole system would literally explode if they were to report any sort of real inflation.
http://www.tulsanow.org/forum/index.php?topic=19215.0
same thread, Shadows
Quote from: YoungTulsan on September 08, 2012, 03:49:15 PM
If you think we have 1% inflation, say hi to Santa Claus for me when he drops by in December.
The CPI is a big fat lie, it excludes food and energy. The claim is that those things are just too volatile. If your food and gas bill goes up 50%, and the government claims inflation is at 1%, how do you not realize you are being lied to?
But the main reason they HAVE to lie is due to the COLA (cost of living adjustment) in Social Security. The whole system would literally explode if they were to report any sort of real inflation.
Food is certainly going up in cost. It's easy to see on a few things I buy every week. I remember a stretch of about 10 weeks in 2011 where milk went up about 20%. Since that point it seems to have stabilized, but it certainly didn't go down.
The easiest to see is the gas prices. It has certainly effected my budget, and I don't even drive all that much.
Quote from: Teatownclown on September 08, 2012, 03:51:02 PM
http://www.tulsanow.org/forum/index.php?topic=19215.0
same thread, Shadows
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Apologize if I have infringed on or duplicated a thread. The intent was after the constant reminder that inflation has increased only 1% over the long period when a more accurate statement would be 1% monthly.
Catalogs printed in files show a constant increase in the pricing structures over the years. Some will say that is a growing economy whereas it could be explained by the devaluing of the dollar more easily.
USA has not won a war they have tried to lead since the war with Japan these wars have cost the lives on our young people and our golden area in time. In the meanwhile they have caused us to write blank checks without backing and we cannot cover them.
Quote from: shadows on September 08, 2012, 06:19:33 PM
The intent was after the constant reminder that inflation has increased only 1% over the long period when a more accurate statement would be 1% monthly.
The dollar menu at McDonalds is still a dollar. I went to Dollar Tree and everything is still only a dollar.
I am sorry that you have to pay 12% more when you shop at those stores. I would check your receipts next time.
Quote from: RecycleMichael on September 08, 2012, 09:34:21 PM
The dollar menu at McDonalds is still a dollar. I went to Dollar Tree and everything is still only a dollar.
I am sorry that you have to pay 12% more when you shop at those stores. I would check your receipts next time.
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Right you are. I have noticed the reduction of gross weight in those hamburgers making up for inflation. The last pair of shoes I bought at the dollar store I didn't shake the Chinese out of them before putting them on so I have a limp when I walk. Our major store is selling electric toasters for $7.99. If you started repairing electric toasters and paid minimum wage, health insurance, SS, liability insurance, corporate minimum taxes, rent and repair parts you too would be writing checks on unnamed banks.
Quote from: YoungTulsan on September 08, 2012, 03:49:15 PM
If you think we have 1% inflation, say hi to Santa Claus for me when he drops by in December.
The CPI is a big fat lie, it excludes food and energy. The claim is that those things are just too volatile. If your food and gas bill goes up 50%, and the government claims inflation is at 1%, how do you not realize you are being lied to?
The billion prices index tracks CPI-U quite closely, thanks.
And yes, food and especially energy are far too volatile to give a decent measure of economy-wide inflation. Real (as in sustained) changes in energy prices should be reflected in the prices of the other items in the basket, anyway. It makes no sense whatsoever to calculate inflation based on a product that regularly changes value by 25% to 50% in the space of a few months, sometimes rising drastically, sometimes falling drastically.
Quote from: RecycleMichael on September 08, 2012, 09:34:21 PM
The dollar menu at McDonalds is still a dollar. I went to Dollar Tree and everything is still only a dollar.
I haven't been to McDonald lately and Dollar Tree probably ever but Snyders' Sourdough hard pretzels have gone from a full pound to 13.5 oz for the same price, or maybe a bit more.
Quote from: RecycleMichael on September 08, 2012, 09:34:21 PM
The dollar menu at McDonalds is still a dollar.
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I can remember buying the hamburgers when McDonalds franchise bought out Norman Angles drive in at Admiral Pl. and Memorial for 25cents. The burgers were about twice the size as those now. Let us see the smaller burger you pay a dollar for has tripled in cost so by the good ole plutocrat math that means inflation on the burger is only 3%.
This new way of figuring percentage can help us with our 211 trillion dollar obligation.
Quote from: shadows on September 09, 2012, 01:48:43 PM
good ole plutocrat math that means inflation on the burger is only 3%.
It's called a rate. If something cost a dollar ten years ago and today it costs $1.21, what is the average rate of inflation per year?
Quote from: nathanm on September 09, 2012, 03:39:49 PM
It's called a rate. If something cost a dollar ten years ago and today it costs $1.21, what is the average rate of inflation per year?
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The average inflation rate over 10 years would by simple math be .008264462809%. By compound math it would be the same over 10 years but figures but would change yearly.
RM: being in the poor class we have to drive second hand cars which have an appetite for oil. We have bought oil by the case at $12.00 over the years. We stopped to pickup a case at the automotive store and they rang it up at $80.00 including sales taxes. Figured your way of determining inflation at eleven percent should apply to all products or is this normal economy growth we are to expect in the coming years?
We need to vote more taxes and create more government jobs to spend ourselves into prosperity. We no longer need to print any bogus greenbacks under the $50.00 bills which will create jobs, increase the children's math and allow more banks to charter.
Quote from: shadows on September 10, 2012, 06:38:55 PMWe need to vote more taxes and create more government jobs to spend ourselves into prosperity.
ah, but the life is not contained in the abundance of possessions....
Quote from: rhymnrzn on September 11, 2012, 06:56:54 AM
ah, but the life is not contained in the abundance of possessions....
Money isn't everything but it's way ahead of whatever is in second place. ;D
Quote from: Red Arrow on September 11, 2012, 07:41:14 AM
Money isn't everything but it's way ahead of whatever is in second place. ;D
I'll give you this much credit, that money is liable to grow wings and sprout heads of its own.
Shadows and rhymnrzn have a thread. Welcome to the far end of the interwebs.
Of course we can always re-purpose it and talk about USA Drug being bought out by Walgreens.
Quote from: Conan71 on September 11, 2012, 08:47:31 AM
Of course we can always re-purpose it and talk about USA Drug being bought out by Walgreens.
And losing 13 stores in Tulsa in the process. I wondered what was going to happen there. Now I wonder if the remaining stores (I can think of two now; one at 4th and Sheridan and the one I use at 11th and Garnett) will be turned into Walgreens or allow to remain as they are. If they turn into Walgreens it looks like "Target, here I come"...
Quote from: Hoss on September 11, 2012, 08:54:55 AM
And losing 13 stores in Tulsa in the process. I wondered what was going to happen there. Now I wonder if the remaining stores (I can think of two now; one at 4th and Sheridan and the one I use at 11th and Garnett) will be turned into Walgreens or allow to remain as they are. If they turn into Walgreens it looks like "Target, here I come"...
I was wondering about all the empty store fronts joining the empty QT's et al.
Quote from: shadows on September 07, 2012, 04:54:50 PM
Has the USA joined the long line of empires that through wars spent themselves into oblivion that are coming back today? Is the answer a trade war?
We didn't have a problem driving the inflation sky high and still rising, now how do we stabilize prices?
I dont see why this is in "Local Politics".
Dont we reserve that for Sally Kern antics?
Quote from: patric on September 11, 2012, 01:23:40 PM
I dont see why this is in "Local Politics".
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Sorry, but since Oklahoma was given to the Indians, which was to be the Indian nation, in exchange for the rest of their land, now called USA and Tulsa now referred to in the legislature as “The state of Tulsa”; I was under the impression that the correct terms would be “Local Poliitics".