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BILL GROSS: 'We Are Witnessing The Death Of Abundance'
TBI ^ | 2-1-2012 | Joe Weisenthal

Posted on 02/01/2012 6:12:40 AM PST by blam

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To: tentmaker
Human civilization is poised to enter the greatest era of abundance ever.

If I were your Creator I'd be miffed at the amount of pride, arrogance, and complacency in that declaration.

81 posted on 02/01/2012 1:03:01 PM PST by steve86 (Acerbic by nature, not nurture (Could be worst in 40 years))
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To: Reeses
***Assuming the $1.80 price is correct, rising to $35 over 124 years works out to an average inflation rate of 2.4%. That's not too bad, except Levis uses thin denim now and third world labor.***

But I am looking at the difference in price between 1888 and 1961, then the difference between `1961 and 2012.

As for the denim, my mom (1970) used to say that Levis used to be made of a much heavier denim. Somewhere along the way they cheapened the product.

I had several pairs made in USA, Mexico, Guatemala, Honduras and Colombia.

82 posted on 02/01/2012 1:11:40 PM PST by Ruy Dias de Bivar
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To: The_Media_never_lie
Pay the people to exist.

Forecast nearly 100 years ago:

When all men are paid for existing and no man must pay for his sins,
As surely as Water will wet us, as surely as Fire will burn,
The Gods of the Copybook Headings with terror and slaughter return!

83 posted on 02/01/2012 1:45:16 PM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: GlockThe Vote
“how can you consume if you don’t produce?”

Alternate phrasing (courtesy of Dr. Walter Williams) is "In order for one person to get something without paying for it, another person must pay for something without getting it".

84 posted on 02/01/2012 1:50:48 PM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: Ruy Dias de Bivar
It took 51 years for them to cost over a thousand times more.

The phrase you're looking for is "1000% more", not "a thousand times more".

"1000% more" is "eleven times as much", which is approximately the increase from $2.60 to $35.00.

If they cost a thousand times more (than the original $2.60) they would cost $2600.

Which may very well happen before it's all over.

85 posted on 02/01/2012 1:59:31 PM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: blam

nonsense...”death of abundance” is code speech for “sit still while we try and shackle you peons and peasants”

The demographic imperative however, is overwhelming. That’s why progressives/liberals are pre-occupied with abortion, death and killing-its their only way to keep ahead of the demographic growth curve which in the end will overwhelm the status quo.


86 posted on 02/01/2012 2:01:25 PM PST by mo
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To: steve86

Overall, that statement may be correct.
For the masses of population in India and China, their “abundance”, relatively, will increase dramatically.

Here in America, however, we’re in for a massive downward class migration. That’s not only individual slipping down a class rung or two, that’s the classes themselves slipping down in level of lifestyle.


87 posted on 02/01/2012 2:03:06 PM PST by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)
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To: DuncanWaring

I love the poem Gods of the Copybook Headings.

Kipling was a prophet. He said (about Afghanistan) “Odds are on the cheaper man”.


88 posted on 02/01/2012 3:20:44 PM PST by The_Media_never_lie
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To: MrB
For the masses of population in India and China, their “abundance”, relatively, will increase dramatically.

My wife's relatives in India have already seen their 'abundance' increase dramatically, from nothing to something. However, inflation in the last year has taken away much of the gain.

89 posted on 02/01/2012 3:58:59 PM PST by steve86 (Acerbic by nature, not nurture (Could be worst in 40 years))
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To: blam

WHEN the 10Y treasury goes above 5%, it’s game over!!”


Ha! Do you really think this bunch will let that happen? I think not. Hyperinflation be damned—they will still keep the 10TY near zero.


90 posted on 02/01/2012 5:16:58 PM PST by rbg81
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