MONEY: The falling dollar hurts real people; an ebb tide lowers all boats

Friday, October 19, 2012

http://www.mybudget360.com/us-standard-of-living-falling-us-dollar-impact-us-dollar-benefits/

Standard of living, meet falling US dollar – how a falling US dollar benefits banks at the expense of working Americans.

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There is certainly a cost to a falling US dollar. Many Americans are living the consequences of this multi-decade long trend. The Federal Reserve has only added fuel to this trend but many families are now realizing that there does come a cost to unrelenting debt based solutions to fiscal problems. Shopping at the local grocery store I’ve noticed that some items have doubled in the last few years. Fueling up is also more expensive. The issue with living on a low dollar policy is that eventually, you end up in a low wage capitalist system. The easy money slowly inflates away especially on global items. We are seeing this in the US in various arenas especially with higher education. The end result is that the standard of living for the vast majority of Americans has fallen dramatically in the last few decades.

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The seems to be a basic stupidity in human beings as to the devastating impacts of “inflation” (i.e., counterfeiting by a central bank).

As an injineer, we can’t have a “standard” that varies. 

As a football fan, imagine if a yard was redefined each football season as 2% less. 35.28 inches. Easier to make a first down. Records would be meaningless. And, eventually, in 30 years, they’d play on a one inch field.

Absurd.

So why is it different for money?

In my lifetime, the “dollar”, whatever that is, has lost 99% of it’s value. Gasoline that was 30¢ per gallon was $3.75 last night. Has gasoline become more expensive? Those evil oil companies. No!!! Based on the price of silver, gas is actually ~30% cheaper. 

<<Those three silver dimes in 1960 bought a gallon of gas. Today those three dimes are worth about $6 (conservatively) to $10.50 (speculation). So either 28% cheaper or 65% depending upon your value of those dimes.>>

Why can’t “We, The Sheeple” see it?

And, in the general inflation (i.e., loss of value of the money), wages don’t go up. Those on fixed income are so screwed. And, the poor get poorer. Savings are a joke.

Also even the stock market gets “hurt”. Sure the stock prices go up, but never as much as the inflation rate. We’ve seen this in the Carter disaster. Then, stocks went up in the single digit %s, but the inflation was 25 or 30%. Hence the real value went down.

How does a tin foil hat view the world? Always price things in silver or gold. Makes it obvious.

A new men’s outfit in Rome was two ounces of gold. Today, you can buy a nice outfit for 3500$! Clothing has gotten “cheaper”.

A new car in the 60’s was 6 ounces of gold. (I know a bought a Chevy Nova brand new for 1200$). Today, 10,500$ won’t get you a new car. Cars have become more “expensive”. Gas we’ve already said has gotten “cheaper”.

What do you buy that’s changed?

Gooferment!!!

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POLITICAL: NO more bailouts … … for ANYONE!

Friday, January 28, 2011

Tuesday, January 18, 2011

Honorable Republican Representatives,

On behalf of roughly 45 million Americans who voted for you in the November 2nd Elections,

On behalf of the more than 10 million Tea Party Supporters and Sympathizers among them…whose votes gave you victory,

For the purposes of federal government and state government fiscal responsibility, solvency, and financial common sense,

We request that all 242 Republican Members of the U.S. House of Representatives pledge to actively oppose and vote against all federal government bailouts for state governments or local governments.

No Funding bailouts for state or local governments.

No Loans for state or local governments.

No Loan Guarantees for state or local governments.

No cash. No loans. No loan guarantees. No co-signing.

Not for California. Not for Massachusetts. Not for Illinois. Not for New York. Not for any state or local government.

They must live within their own means. They must reduce and remove fat and non-essential spending from their budgets. They must seek and find ways to accomplish their essential duties – with lower overhead and less money.

Just like private sector businesses.

You must not enable them to continue their reckless and irresponsible spending.

You must not enable state and local governments to postpone the day of financial reckoning.

They have behaved like spending junkies, like money drunks. Now they face detox. Some are begging for ‘just one more’ drink, ‘just one last dose’ of narcotics. Tomorrow they’ll get clean and sober…

That’s the addiction talking. Ignore it.

Once state and local officials realize that you will not bail them out, they will solve their own spending problems.

Once they come to terms with economic reality, they will seek and find cheaper, better, smarter ways to do their government’s essential tasks.

They will become more responsible and accountable stewards of government.

Because almost all of you 242 Republican Members of the U.S. House of Representatives ran campaigns promising to roll back federal overspending, to exercise fiscal restraint, and to end federal bailouts, we ask you to notify state governments and local governments that you will vote against bailing them out.

Together, your 242 Republican U.S. House votes against bailing out state and local governments give you a “Veto.”

Promising to exercise this Republican “Veto” – and using it, if the Senate or White House demands bailouts for state or local governments – will show Tea Party supporters, fiscal conservatives, libertarians, and independents that you keep your campaign pledges.

This may create momentum for your proposed federal spending cuts.

It may create momentum for 2012 Republican candidates for the U.S. House and Senate who promise to substantially cut federal government spending, borrowing, and taxing.

Perhaps even a like-minded Republican candidate for President.

It starts with you. Now.

Will you make this pledge?

We eagerly await hearing about and publicizing your No Bailouts Pledge. It will be a beacon of hope during these crucial months of budget negotiations.

Small government is beautiful,
Carla Howell & Michael Cloud

# # # # # posted 2011-01-27 19:29


GOVEROTRAGEOUS: Casino “subsidy” for farming; are you kidding me?

Thursday, June 17, 2010

http://abcnews.go.com/Blotter/mohegan-sun-casino-owners-received-54-million-stimulus/story?id=10889408

Mohegan Sun Casino Owners Received $54 Million In Stimulus Money
Indian Tribe That Runs Connecticut Casino Earning $1 Billion-Plus Per Year Got Government Check
By COULTER KING and MARIANNE DE PADUA
June 17, 2010

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With the support of Sen. Chris Dodd, D.-Conn., the federal government has awarded $54 million to Connecticut’s politically well-connected Mohegan Indian tribe, which operates one of the highest grossing casinos in the U.S.

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“I’m shocked, shocked to find that gambling is going on in here!” Captain Renault in Casablanca

I’m shocked that we pretend there is farming going on there.

Argh cubed!

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LIBERTY: The Gooferment is in charge!

Tuesday, June 9, 2009

http://www.breitbart.com/article.php?id=D98NEVL80&show_article=1

High court won’t block Chrysler sale
Jun 9 06:27 PM US/Eastern

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WASHINGTON (AP) – The Supreme Court has cleared the way for Chrysler’s sale to Fiat, turning down a last-ditch bid by opponents of the deal.

The court said late Tuesday it had rejected a plea to block the sale of most of Chrysler’s assets to the Italian automaker. Chrysler, Fiat and the Obama administration had warned that the high court’s intervention could have scuttled the sale.

A federal appeals court in New York had earlier approved the sale, but gave opponents until Monday afternoon to try to get the Supreme Court to intervene.

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The bondholders really couldn’t expect “justice” from a gooferment court.

Talk about a stacked deck!

The President’s plan taken before the Government’s Court. And, you expected a different result.

Watch the bond markets now! Nothing is safe from gooferment manipulation.

Now what happens to the Indiana pensioners who just got screwed?

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POLITICAL: CA debt is a Federal problem?

Thursday, May 28, 2009

http://apnews.myway.com/article/20090527/D98EPK2O1.html  

Calif. wants federal government to back its loans
May 27, 3:52 PM (ET)
By JUDY LIN

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SACRAMENTO, Calif. (AP) – If AIG was too big to fail, how about the world’s eighth-largest economy?

In a move with only one modern-day precedent, California Gov. Arnold Schwarzenegger and Democratic lawmakers are pressing the Obama administration and members of Congress for federal loan guarantees to help the state out of a desperate, multibillion-dollar jam.

California is not asking for cash, like the tens of billions given to AIG, General Motors or Morgan Stanley. (MS) Instead, the state with the worst credit rating in the nation is asking that Washington act as a sort of co-signer on the state’s borrowing, to be backed up with money from the Troubled Asset Relief Program.

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No!

The S&L crisis started with Federal guarantees.

And, why should the taxpayers be bailing out CA bond holdrs?

Sorry, that the breaks.

Maybe CA should elect some politicians with fiscal responsibility.

What happens when and if CA goes under?

Has it ever happened before?

Maybe CA should secede? Or the USA from it.

Like voting it off the continent?

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RANT: TARP Golden chute end run!

Tuesday, May 26, 2009

http://www.propublica.org/ion/bailout/item/bailed-out-bank-tries-golden-parachute-loophole-526

Bailed-Out Bank Tries Golden Parachute Loophole
by Paul Kiel, ProPublica – May 26, 2009 2:34 pm EDT

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The agreement anticipates that the arrangement might not fly with government officials. According to the agreement [3] (see Page 6), if the Treasury Department or the bank’s regulators determine that it breaks the ban on golden parachutes, the bank will try to work something out – either by tempering the agreement to conform to compensation restrictions or getting a waiver to break them. If that doesn’t work, the agreement says Ms. Binder will just have to wait until the restrictions are changed or the bank pays back the TARP funds. Then she’ll get her money in a lump sum.

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The taxpayers are such suckers!

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POLITICS: contempt for America’s newspapers

Wednesday, April 1, 2009

http://ncc-1776.org/tle2009/tle512-20090329-02.html

No Bailout for America’s Newspapers!
by L. Neil Smith

From the page: “I have never had anything but contempt for America’s “greatest” newspapers.”

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I agree. The “liberal” media has a political agenda that is at odds with the American spirit. They have driven us to where we are: “political correctness”, an “entitlement mentality”, a psuedo “drug war”, and a huge gooferment.

From the page: “I have never had anything but contempt for America’s “greatest” newspapers.” I agree. The “liberal” media has a political agenda that is at odds with the American spirit. They have driven us to where we are: “political correctness”, an “entitlement mentality”, a psuedo “drug war”, and a huge gooferment.

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