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I Sure Am Glad There's No Inflation
Oftwominds.com ^ | August 5, 2015 | Charles Hugh Smith

Posted on 08/05/2015 10:02:49 AM PDT by RedMominBlueState

I sure am glad there's no inflation, because these "stable prices" the Federal Reserve keeps jaw-jacking about are putting us in a world of hurt. Those of us outside the inner circles of power are glad there's no inflation, because we'd rather get more for our money (deflation) rather than less for our money (inflation). You know what I mean: the package that once held 16 ounces now only holds 13 ounces. A medication that once cost $79 now costs $79,000. (This is a much slighter exaggeration than you might imagine.) Despite all these widely known examples of rampant inflation, every month we're told there's no inflation. Just to reassure myself there's no inflation, I looked up a few charts on the St. Louis Fed's FRED database. I have to say, I'm scratching my head here because the cost of things has gone up a lot since 2000. The consumer price index is up 38% from 2000.....

(Excerpt) Read more at oftwominds.com ...


TOPICS: Business/Economy; Government
KEYWORDS: economy; federalreserve; inflation
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To: ExCTCitizen

Yep, it is right there to see for anyone who is remotely interested in the truth.


21 posted on 08/05/2015 10:49:25 AM PDT by gov_bean_ counter
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To: RedMominBlueState
When are the American people going to wake up

Had this discussion with a couple of friends nearly a year ago.

Most people pay little or NO attention until the fire burns THEIR a$$.. which is normally how it goes down.

Simply put: They're up in arms only AFTER the horse is out of the barn.

Stupid is as stupid does. Thanks you Mrs. Gump.

22 posted on 08/05/2015 10:57:54 AM PDT by VideoDoctor
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To: Tau Food

Another perspective which you need to incorporate into your own.


23 posted on 08/05/2015 11:02:35 AM PDT by DiogenesLamp ("of parents owing allegiance to no other sovereignty.")
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To: hadaclueonce
WTF? I mean why even count anything if your not going to count food or fuel? OH, I know, you might vote against the incumbents, I get it.

Obama is an ignorant, lazy, stupid, mouthy but arrogant Liar, and the first thing he did was to start gimicking the numbers to cover up the disaster that he is.

The Second thing the next President needs to do is to order all agencies to revise the numbers using rational methods of measuring inflation and unemployment, then order all those new numbers to replace the fake ones Obama created.

The FIRST thing the next President needs to do is to order the Justice Department to prosecute anyone and everyone connected to Obama for anything and everything for which they can be prosecuted.

We need to roll up that entire pile of sh*t and throw the lot of them in Prison, including Obama.

24 posted on 08/05/2015 11:07:19 AM PDT by DiogenesLamp ("of parents owing allegiance to no other sovereignty.")
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To: Vanders9
When they say there is no inflation, or zero level inflation, what they mean is that there is no inflation OVERALL. IOW, although the prices of some things have indeed gone up, they are balanced (in their statistics) by the prices of other things going down.

I know of nothing for which the price has gone down. Even after all the breakthroughs in fracking technology and a drop in crude prices, gasoline still costs more than it did when that Lazy, Ignorant, Stupid, Mouthy and Arrogant Liar got into Office.

Of what do you know for which the price has declined?

25 posted on 08/05/2015 11:10:22 AM PDT by DiogenesLamp ("of parents owing allegiance to no other sovereignty.")
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To: Neoliberalnot
They never run out of money for the parasites.

That's because, as a result of the 24th amendment, the parasite class is a crop which they farm for votes.

They bribe them with public money to encourage the parasites to keep them in office. It's a very clever system, and it was created by Lyndon Baines Johnson.

26 posted on 08/05/2015 11:12:38 AM PDT by DiogenesLamp ("of parents owing allegiance to no other sovereignty.")
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To: DiogenesLamp

Actually, it is a breeding program for Drat voters.


27 posted on 08/05/2015 11:15:41 AM PDT by Neoliberalnot (Marxism works well only with the uneducated and the unarmed.)
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To: Smittie
the package that once held 16 ounces now only holds 13 ounces.

I call that Obamasizing...there's hardly anything that hasn't been touched by this phenomena...

This is not new. Back in 1945 the woman who would become my first wife was hospitalized long-term. She took up knitting to pass the time. She eventually recovered and got a job. We were married in 1957, and she quit her job. She decided to complete some of her knitting projects. She bought the number of skeins of yarn stated in the instructions. They didn't hold enough yarn. In order to keep the price down, in the intervening 12 years the manufacturers had steadily reduced the amount of yarn in a skein.

Nor was the problem confined to yarn. Back in the 1960s Consumer Reports regularly complained about "skinny pints" (bottles that held only 15 1/2 oz instead of the full pints you used to get). Again, to disguise a price increase by decreasing the amount of product you get but at the same old price.

28 posted on 08/05/2015 11:22:41 AM PDT by JoeFromSidney ( book, RESISTANCE TO TYRANNY, available from Amazon)
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To: gov_bean_ counter

12 ounce pounds of coffee anyone?


29 posted on 08/05/2015 11:30:20 AM PDT by Rebelbase
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To: Vanders9
This is the winning statement. When they say there is no inflation, or zero level inflation, what they mean is that there is no inflation

Sorry this is not pin the tail on Obama. Food and Fuel has not counted in the inflation rate since the 80's.

It was wrong then and it is wrong now.

30 posted on 08/05/2015 11:45:44 AM PDT by hadaclueonce (It is not heaven, it is Iowa. Everyone gets a "Corn Check")
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To: Neoliberalnot
Cost of education is a monster in the closet

Fed backed loans supplies the money that was available that allowed the higher education places to keep increasing their income. A big circle. Now it has hit critical mass.

31 posted on 08/05/2015 11:54:52 AM PDT by hadaclueonce (It is not heaven, it is Iowa. Everyone gets a "Corn Check")
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To: hadaclueonce

Get the government out of education.


32 posted on 08/05/2015 11:57:21 AM PDT by samtheman (Trump/Cruz '16)
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To: Rebelbase

Nope. Not any more.


33 posted on 08/05/2015 12:28:37 PM PDT by gov_bean_ counter
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To: saleman

A couple of humongous deep pots right outside the back door, on the patio, is what I do. Especially for peppers and tomatoes, makes it easier to fertilize and water.


34 posted on 08/05/2015 4:39:03 PM PDT by mumblypeg (I've seen the future; brother it is murder. -L. Cohen)
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To: BinaryBoy

I cant believe it only takes half an hour to grow your own vegetables. There is considerably more to it than that.


35 posted on 08/06/2015 9:37:40 PM PDT by Vanders9
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To: DiogenesLamp

Tech products?


36 posted on 08/06/2015 9:40:43 PM PDT by Vanders9
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To: hadaclueonce
The Fed does not count Food or Fuel

The official reason given is that those prices are "too volatile" to include in a price index. But we all know the real reason....

37 posted on 08/06/2015 9:51:15 PM PDT by kevao (Biblical Jesus: Give your money to the poor. Socialist Jesus: Give your neighbor's money to the poor)
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To: Vanders9
there should be absolutely no reason why a couple can work at medium wage jobs for 30-40 yrs and come out with a good home, and money in the bank, and vacations....

everything is being made to be out of reach of even people that work hard every single day....

38 posted on 08/09/2015 9:22:59 PM PDT by cherry
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To: cherry
Oh I know that only too well. I've worked hard, very hard, to the detriment of my health in fact, for the past thirty years - and in tech fields too. What have I to show for it? A crumbling house in need of thousands in repairs, no hope of advancement or promotion, no time or money to retrain. My pension is in decline, I have a mortgage that cannot be repaid. I havent had a vacation in ten years, I haven't had a pay rise thats matched inflation in fifteen. I haven't had any pay rise AT ALL in the last seven. Every month I go deeper into debt - and I lead a moderate life. I don't smoke, I don't drink alcohol, I don't do drugs, I don't gamble or even run an automobile. Meanwhile governments pay ever more in Bread and Circuses to a permanent unemployed underclass, and corrupt crony capitalists award themselves massive bonuses every year for providing an awful service.

Oh yeah... the "recovery" is great.

39 posted on 08/10/2015 3:36:16 PM PDT by Vanders9
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To: DiogenesLamp
Of what do you know for which the price has declined?

Probably the price of houses in some remote town, where the industry fled, has fallen somewhat. So that must be factored in, you know.

40 posted on 08/18/2015 1:06:34 AM PDT by BlackVeil ('The past is never dead. It's not even past.' William Faulkner)
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