Just checked the Dollar/Yen chart and the exchange was nearly the same as today with 105Y to the Dollar in February 1994 so the barrel cost of oil is up what, 500% in 20 years.
Oh but of course to offset that, cars are better and computers are faster and rice is more nutritious and all the other political lies which span the globe. Kool-aid though, has remained cheap. >>
And I suppose your income remained the same since 1994?
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Just checked the Dollar/Yen chart and the exchange was nearly the same as today with 105Y to the Dollar in February 1994 so the barrel cost of oil is up what, 500% in 20 years.
Oh but of course to offset that, cars are better and computers are faster and rice is more nutritious and all the other political lies which span the globe. Kool-aid though, has remained cheap. >>
No, the offset is that people earn higher wages. If wages did not increase then the prices of everything would not increase. Prices cannot go higher if people cannot afford to buy it. Is it coincidence that food based commodities started to go higher when Obama gave Hus State of the Union address to announce he was going to raise the minimum wage for Federal workers?
1. The president did not raise the minimum wage of federal workers. He raised the minimum wage requirement for contractors who sell goods and services to the federal government. The president does not (yet) have the authority to dictate federal employee pay.
2. Real wages (after inflation) have not kept up with inflation. When one factors in tax increases over the years, the "left in pocket" portion of the paycheck (disposable income) is even less.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Some workers' wage increases have far exceeded inflation, others' raises have not kept up with inflation, or have declined... the difference is due to the person's performance and decisions, and maybe some circumstances beyond their control.
the "average" is the enemy of many , just as perfection is the enemy of good enough
<< <i>Some workers' wage increases have far exceeded inflation, others' raises have not kept up with inflation, or have declined... the difference is due to the person's performance and decisions, and maybe some circumstances beyond their control.
the "average" is the enemy of many , just as perfection is the enemy of good enough >>
the difference is due to the failure of political, economic and financial leaders to properly lead. Greed and corruption have blinded many of them. A shrinking middle class is not the result of shrinking job performance. It is the result of shrinking jobs and shrinking work hours. Economic and tax policy as well as cumbersome regulations determine the employer's ability to create or even keep jobs.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The above-average earners and raise-getters tend to be the ones who LEAD THEMSELVES The average, remember, is weighed down by lots of below-average performers.
<< <i>The best move I ever made was to leave the corporate culture and go out on my own. Now, the only "boss" I have is my customer base. >>
Ditto
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>1. The president did not raise the minimum wage of federal workers. He raised the minimum wage requirement for contractors who sell goods and services to the federal government. The president does not (yet) have the authority to dictate federal employee pay.
2. Real wages (after inflation) have not kept up with inflation. When one factors in tax increases over the years, the "left in pocket" portion of the paycheck (disposable income) is even less. >>
It really doesnt matter who gets the wages increases. Bottom line is if wages increase then prices for ALL GOODS AND SERVICES will increase. The best cure for high prices is high prices--increasing ones ability to pay those prices only enables higher prices.
<< <i>Bottom line is if wages increase then prices for ALL GOODS AND SERVICES will increase. >>
Only when ALL wages increase and not for just a select few at the bottom of the pay ladder. How many of these minimum wage earners that get a min. wage increase will no longer qualify for food cards and what will that do to prices? I suggest in many of these wage cases we will be replacing direct taxpayer support (subsidised food cards) with indirect taxpayer support (bigger paychecks) since these are government contractors paid out of taxpayer funded contracts. It would be interesting to see what this increase in pay leaves in the min. wage earner's pocket after his increase in income tax liability. Could it possibly make non-tax payers into actual tax payers who also no longer qualify for assistance? Some of them might just end up worse off. With Washington involved in this program it would come as no surprise.
What many fail to realize is that this min. wage increase only affects government contractors who must now charge the taxpayer more for their service or product in order to cover their higher labor costs. Just as with any min. wage increase in any industry (i.e burger flippers), the consumer (in this case the taxpayer) ultimately pays the additional employer cost through higher prices. Think of it as an "indirect" tax increase. What will these companies, that now have a higher payroll, do when they no longer have a contract with the taxpayers to support that higher payroll? I suspect in such cases jobs will be lost through either employee cutbacks or shutting down the business. Additionally businesses with a higher min. wage requirement will not be able to at the same time compete in the private sector with businesses that do not have the higher min. wage requirement. What does this mean for government contractors who ALSO provide non-governmental work? As usual, Washington might have just shot many small businesses in the foot.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< Bottom line is if wages increase then prices for ALL GOODS AND SERVICES will increase. >>
Only when ALL wages increase
Nope. Look at the "inflation" since 2000 when supposedly only the top 1% got the increases.
What many fail to realize is that this min. wage increase only affects government contractors who must now charge the taxpayer more for their service or product in order to cover their higher labor costs
It wont just be minimum wages that increases. The manager at McDonalds may have already been getting $10/hr, so now his wage has to increase. And so on.
Prepare for a quite an increase in raw materials for food products.
Remember those charts I showed a month ago of General Mills and Kelloggs? Remember how they looked parabolic and unsustainable? Well they are. And they will come under margin pressure due to higher raw materials costs.
<< <i>Move into a wilderness 100 miles from any other humans and solve all your problems at a stroke >>
Baleyville?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i> is gold really cheap at 5 times the 15 year lows
Sounds cheap enough to me. It's actually only 4.5X the lows seen in the 1980's or the past 34 years. Gold certainly hasn't done anything impressive over those 34 years compared to the increases in govt debt, M2, advanced education, etc. But the "official" CPI has only increased around 2.6x.
When most of your expenses are subsidized by working taxpayers, there is very little evidence of inflation. If you are one of those working taxpayers who has to pay their own bills, it's a little more obvious.
Q: Are You Printing Money? Bernanke: Not Literally
<< <i>When most of your expenses are subsidized by working taxpayers, there is very little evidence of inflation. If you are one of those working taxpayers who has to pay their own bills, it's a little more obvious. >>
She knows the score. If she told the truth she would not have been appointed Fed Chair.
It's a matter of perspective, just like there's a difference in perspective depending on your life situation - and whether or not you're living in some place like Baleyville.
Anyone ever been to Telluride? I'm wondering about it. Maybe Santa Fe?
Q: Are You Printing Money? Bernanke: Not Literally
<< <i>It's a matter of perspective, just like there's a difference in perspective depending on your life situation - and whether or not you're living in some place like Baleyville.
Anyone ever been to Telluride? I'm wondering about it. Maybe Santa Fe? >>
I've been to Telluride, Santa Fe, Aspen, Vail, Park City, Breckenridge, a number of other mountain towns, all very very nice.
In fact, just got back from a week in Steamboat Springs. Wanna see some pics?
Seems like all the major central banks want to see higher inflation. All they need to do is raise the minimum wage to $50 an hour. Should do the trick.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Seems like all the major central banks want to see higher inflation. All they need to do is raise the minimum wage to $50 an hour. Should do the trick. >>
Now we're talking effective monetary policy.
Just think how much organic almonds would cost!! Sheessh!!!
<< <i>Just think how much organic almonds would cost!! Sheessh!!! >>
They are no longer factored into the inflation figure as I have been priced out. Switched to organic sesame seeds. Soon it will be broken soy nuts. Clever way to keep my cost of living flat though.
<< <i>It's a matter of perspective, just like there's a difference in perspective depending on your life situation - and whether or not you're living in some place like Baleyville.
Anyone ever been to Telluride? I'm wondering about it. Maybe Santa Fe? >>
Win win
MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>Just think how much organic almonds would cost!! Sheessh!!! >>
They are no longer factored into the inflation figure as I have been priced out. Switched to organic sesame seeds. Soon it will be broken soy nuts. Clever way to keep my cost of living flat though. >>
<< <i>Just think how much organic almonds would cost!! Sheessh!!! >>
They are no longer factored into the inflation figure as I have been priced out. Switched to organic sesame seeds. Soon it will be broken soy nuts. Clever way to keep my cost of living flat though. >>
Bugs are free, organic and packed with protein. >>
They work pretty well in a protein shake, though the molt clogs up the Vita Mixer.
<< <i>Just think how much organic almonds would cost!! Sheessh!!! >>
They are no longer factored into the inflation figure as I have been priced out. Switched to organic sesame seeds. Soon it will be broken soy nuts. Clever way to keep my cost of living flat though. >>
Bugs are free, organic and packed with protein. >>
Free? I've watched the price of regular almonds go from $3.50/lb to now $5.65/lb over the past couple of years (3 lb bags at BJ's). I can only imagine how much the price of organic almonds has risen. I wouldn't be surprised if almonds and walnuts have been substituted out of the BLS figures for peanut butter. In fact, in the list of "foods" below peanut butter is the closest thing to nuts and seeds I can find (beans and legumes include peanuts, but not walnuts, almonds, Brazil nuts, etc.). It doesn't appear the govt wants us to be eating raw nuts and seeds.....peanut butter is the USA approved "food." And "jelly" is the approved fruit to go with that....lol.
I'm buying some rural acreage in a couple of years, and when I do, I'm planting some hazel nut trees and blackberry bushes. To hell with these people and their lies.
<< <i>I'm buying some rural acreage in a couple of years, and when I do, I'm planting some hazel nut trees and blackberry bushes. To hell with these people and their lies. >>
Comments
<< <i>"""A 5 YEAR HIGH!!!! WOW. Incredible inflation!!! Oh, wait a minute.....thats still almost 13% lower than 5 years ago. """
Ok then, lets look at the 20 year price change on oil as that was your original time frame.
The chart shows January 1994 crude to be priced at a touch under $20 on the black, nominal line.
Oil chart
Just checked the Dollar/Yen chart and the exchange was nearly the same as today with 105Y to the Dollar in February 1994 so the barrel cost of oil is up what, 500% in 20 years.
Oh but of course to offset that, cars are better and computers are faster and rice is more nutritious and all the other political lies which span the globe. Kool-aid though, has remained cheap. >>
And I suppose your income remained the same since 1994?
<< <i>"""A 5 YEAR HIGH!!!! WOW. Incredible inflation!!! Oh, wait a minute.....thats still almost 13% lower than 5 years ago. """
Ok then, lets look at the 20 year price change on oil as that was your original time frame.
The chart shows January 1994 crude to be priced at a touch under $20 on the black, nominal line.
Oil chart
Just checked the Dollar/Yen chart and the exchange was nearly the same as today with 105Y to the Dollar in February 1994 so the barrel cost of oil is up what, 500% in 20 years.
Oh but of course to offset that, cars are better and computers are faster and rice is more nutritious and all the other political lies which span the globe. Kool-aid though, has remained cheap. >>
No, the offset is that people earn higher wages. If wages did not increase then the prices of everything would not increase. Prices cannot go higher if people cannot afford to buy it. Is it coincidence that food based commodities started to go higher when Obama gave Hus State of the Union address to announce he was going to raise the minimum wage for Federal workers?
Knowledge is the enemy of fear
2. Real wages (after inflation) have not kept up with inflation. When one factors in tax increases over the years, the "left in pocket" portion of the paycheck (disposable income) is even less.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
the "average" is the enemy of many , just as perfection is the enemy of good enough
Liberty: Parent of Science & Industry
<< <i>Some workers' wage increases have far exceeded inflation, others' raises have not kept up with inflation, or have declined... the difference is due to the person's performance and decisions, and maybe some circumstances beyond their control.
the "average" is the enemy of many , just as perfection is the enemy of good enough >>
the difference is due to the failure of political, economic and financial leaders to properly lead. Greed and corruption have blinded many of them. A shrinking middle class is not the result of shrinking job performance. It is the result of shrinking jobs and shrinking work hours. Economic and tax policy as well as cumbersome regulations determine the employer's ability to create or even keep jobs.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The average, remember, is weighed down by lots of below-average performers.
Liberty: Parent of Science & Industry
I knew it would happen.
<< <i>The best move I ever made was to leave the corporate culture and go out on my own. Now, the only "boss" I have is my customer base. >>
Ditto
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>
<< <i>The best move I ever made was to leave the corporate culture and go out on my own. Now, the only "boss" I have is my customer base. >>
Ditto >>
Wise moves. Have not had a boss since 1982.
<< <i>1. The president did not raise the minimum wage of federal workers. He raised the minimum wage requirement for contractors who sell goods and services to the federal government. The president does not (yet) have the authority to dictate federal employee pay.
2. Real wages (after inflation) have not kept up with inflation. When one factors in tax increases over the years, the "left in pocket" portion of the paycheck (disposable income) is even less. >>
It really doesnt matter who gets the wages increases. Bottom line is if wages increase then prices for ALL GOODS AND SERVICES will increase. The best cure for high prices is high prices--increasing ones ability to pay those prices only enables higher prices.
Knowledge is the enemy of fear
<< <i>Bottom line is if wages increase then prices for ALL GOODS AND SERVICES will increase. >>
Only when ALL wages increase and not for just a select few at the bottom of the pay ladder. How many of these minimum wage earners that get a min. wage increase will no longer qualify for food cards and what will that do to prices? I suggest in many of these wage cases we will be replacing direct taxpayer support (subsidised food cards) with indirect taxpayer support (bigger paychecks) since these are government contractors paid out of taxpayer funded contracts. It would be interesting to see what this increase in pay leaves in the min. wage earner's pocket after his increase in income tax liability. Could it possibly make non-tax payers into actual tax payers who also no longer qualify for assistance? Some of them might just end up worse off. With Washington involved in this program it would come as no surprise.
What many fail to realize is that this min. wage increase only affects government contractors who must now charge the taxpayer more for their service or product in order to cover their higher labor costs. Just as with any min. wage increase in any industry (i.e burger flippers), the consumer (in this case the taxpayer) ultimately pays the additional employer cost through higher prices. Think of it as an "indirect" tax increase. What will these companies, that now have a higher payroll, do when they no longer have a contract with the taxpayers to support that higher payroll? I suspect in such cases jobs will be lost through either employee cutbacks or shutting down the business. Additionally businesses with a higher min. wage requirement will not be able to at the same time compete in the private sector with businesses that do not have the higher min. wage requirement. What does this mean for government contractors who ALSO provide non-governmental work? As usual, Washington might have just shot many small businesses in the foot.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>
<< <i>
<< <i>The best move I ever made was to leave the corporate culture and go out on my own. Now, the only "boss" I have is my customer base. >>
Ditto >>
Wise moves. Have not had a boss since 1982. >>
Indeed - self employed since 1996.
Keep it small and keep it all.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
Only when ALL wages increase
Nope. Look at the "inflation" since 2000 when supposedly only the top 1% got the increases.
What many fail to realize is that this min. wage increase only affects government contractors who must now charge the taxpayer more for their service or product in order to cover their higher labor costs
Nope. The trend is starting. http://online.wsj.com/news/articles/SB10001424052702304914204579393471323975470?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304914204579393471323975470.html http://www.startribune.com/politics/national/246547401.html
It wont just be minimum wages that increases. The manager at McDonalds may have already been getting $10/hr, so now his wage has to increase. And so on.
Prepare for a quite an increase in raw materials for food products.
Remember those charts I showed a month ago of General Mills and Kelloggs? Remember how they looked parabolic and unsustainable? Well they are. And they will come under margin pressure due to higher raw materials costs.
Knowledge is the enemy of fear
I knew it would happen.
Liberty: Parent of Science & Industry
I knew it would happen.
<< <i>Move into a wilderness 100 miles from any other humans and solve all your problems at a stroke >>
It would be a shame to leave all those good people at the bay of mobs bereft of their EBT cards.
They'll need assistance.
<< <i>Move into a wilderness 100 miles from any other humans and solve all your problems at a stroke >>
Especially if the fishing was good.
But then, who could they blame for their aches and pains?
With no mirrors, they'd have to spin in circles pointing their fingers at things in nature
Liberty: Parent of Science & Industry
<< <i>Move into a wilderness 100 miles from any other humans and solve all your problems at a stroke >>
Baleyville?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>
<< <i>Move into a wilderness 100 miles from any other humans and solve all your problems at a stroke >>
Baleyville? >>
He' just north and to slightly to the left of Cohodkville.
Probably no coincidence our state had no winter this year.
Good weather, good mood.
Liberty: Parent of Science & Industry
<< <i>In such a town with no hospitals and doctors, would you still be on the hook for Obamacare? >>
Of course you would...that's the key to its success.
<< <i>Probably no coincidence our state had no winter this year.
Good weather, good mood. >>
Indeed. An absolutely wonderful day to do a little gold panning.
Knowledge is the enemy of fear
<< <i> is gold really cheap at 5 times the 15 year lows
Sounds cheap enough to me. It's actually only 4.5X the lows seen in the 1980's or the past 34 years. Gold certainly hasn't done anything impressive over those 34 years compared to the increases in govt debt, M2,
advanced education, etc. But the "official" CPI has only increased around 2.6x.
I knew it would happen.
<< <i>When most of your expenses are subsidized by working taxpayers, there is very little evidence of inflation. If you are one of those working taxpayers who has to pay their own bills, it's a little more obvious. >>
She knows the score. If she told the truth she would not have been appointed Fed Chair.
Anyone ever been to Telluride? I'm wondering about it. Maybe Santa Fe?
I knew it would happen.
<< <i>It's a matter of perspective, just like there's a difference in perspective depending on your life situation - and whether or not you're living in some place like Baleyville.
Anyone ever been to Telluride? I'm wondering about it. Maybe Santa Fe? >>
I've been to Telluride, Santa Fe, Aspen, Vail, Park City, Breckenridge, a number of other mountain towns, all very very nice.
In fact, just got back from a week in Steamboat Springs. Wanna see some pics?
Liberty: Parent of Science & Industry
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Seems like all the major central banks want to see higher inflation. All they need to do is raise the minimum wage to $50 an hour. Should do the trick. >>
Now we're talking effective monetary policy.
Just think how much organic almonds would cost!! Sheessh!!!
Knowledge is the enemy of fear
<< <i>Just think how much organic almonds would cost!! Sheessh!!! >>
They are no longer factored into the inflation figure as I have been priced out. Switched to organic sesame seeds. Soon it will be broken soy nuts. Clever way to keep my cost of living flat though.
<< <i>It's a matter of perspective, just like there's a difference in perspective depending on your life situation - and whether or not you're living in some place like Baleyville.
Anyone ever been to Telluride? I'm wondering about it. Maybe Santa Fe? >>
Win win
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>
<< <i>Just think how much organic almonds would cost!! Sheessh!!! >>
They are no longer factored into the inflation figure as I have been priced out. Switched to organic sesame seeds. Soon it will be broken soy nuts. Clever way to keep my cost of living flat though. >>
Bugs are free, organic and packed with protein.
Knowledge is the enemy of fear
In fact, just got back from a week in Steamboat Springs. Wanna see some pics?
I used to go to Steamboat once or twice a year. I love the resort atmosphere. Been to Breckenridge and Copper Mountain, too. I could do that fulltime.
I knew it would happen.
<< <i>
<< <i>
<< <i>Just think how much organic almonds would cost!! Sheessh!!! >>
They are no longer factored into the inflation figure as I have been priced out. Switched to organic sesame seeds. Soon it will be broken soy nuts. Clever way to keep my cost of living flat though. >>
Bugs are free, organic and packed with protein. >>
They work pretty well in a protein shake, though the molt clogs up the Vita Mixer.
<< <i>
<< <i>
<< <i>Just think how much organic almonds would cost!! Sheessh!!! >>
They are no longer factored into the inflation figure as I have been priced out. Switched to organic sesame seeds. Soon it will be broken soy nuts. Clever way to keep my cost of living flat though. >>
Bugs are free, organic and packed with protein. >>
Free? I've watched the price of regular almonds go from $3.50/lb to now $5.65/lb over the past couple of years (3 lb bags at BJ's). I can only imagine how much the price of organic almonds has risen. I wouldn't be surprised if almonds and walnuts have been substituted out of the BLS figures for peanut butter. In fact, in the list of "foods" below peanut butter is the closest thing to nuts and seeds I can find (beans and legumes include peanuts, but not walnuts, almonds, Brazil nuts, etc.). It doesn't appear the govt wants us to be eating raw nuts and seeds.....peanut butter is the USA approved "food." And "jelly" is the approved fruit to go with that....lol.
BLS CPI data
Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin
#1 1951 Bowman Los Angeles Rams Team Set
#2 1980 Topps Los Angeles Rams Team Set
#8 (and climbing) 1972 Topps Los Angeles Rams Team Set
<< <i>I'm buying some rural acreage in a couple of years, and when I do, I'm planting some hazel nut trees and blackberry bushes. To hell with these people and their lies. >>
Smart move.