MONEY: Rich people buy new cars. Poor people do not

Wednesday, January 4, 2012

http://dailyreckoning.com/the-corruption-of-america

The Corruption of America
By Porter Stansberryleadimage
12/21/11

 

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All we’ve done is convert the government’s nominal GDP stats into a fixed currency value that’s based on real-world purchasing power. The fact is, our data are far more accurate than the government’s because they represent the real-world experience. That’s why our data are far more closely correlated to other real-world studies of wealth in America.

Consider, for example, annual sales of automobiles. Auto sales peaked in 1985 (11 million) and have been declining at a fairly steady rate since 1999. In 2009, Americans bought just 5.4 million passenger cars. As a result, the median age of a registered vehicle in the U.S. is almost 10 years.

Our data shows that real per-capita wealth peaked in the late 1960s. Guess when we find the absolutely lowest median age of the U.S. fleet? In 1969. At the end of the 1960s, the median age of all the cars on the road in the U.S. was only 5.1 years. Even as recently as 1990, the median age was only 6.5 years.

Rich people buy new cars. Poor people do not.

 

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Once again we have the “underground” confirming what we know in our gut, the country is getting poorer day by day.

 

“Penny candy”! Remember that? Like the recent Ron Paul point about 1964 dimes and gas, “penny candy” is a similar point.

 

One tenth of one single silver dime in the Sixties would get you one or more pieces of loose candy at the cash register. (Amazing in light of today’s focus on germs and health hazards that anyone survived.) Fast forward to today. That silver dime is worth about two of today’s dollars. So a tenth is about 20 cents. “Penny candy” is sold in quarter “gum ball” dispensers. So all that’s changed is the value of the money with respect to the  goods available.

 

Who wins in this inflation? No surprise there. The politicians and bureaucrats!

 

Argh!

 

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WRITING: The big pension

Wednesday, January 4, 2012

The big pension

He read the story on the political website, but didn’t comment or blog about it. A politician works the system and gets a pension four times that of the President’s salary. His meager life had always been good enough for him while his wife was alive. Now with her passing, he was mad. Crazy mad. At the doctors. At the system. At all the things undone. Time to take out some anger.

It was really trivial. Google maps the politician’s home. Google all the stories. Google the likes and dislikes. The woman was a dog owner. Pets have to be walked. Take down the pocket rocket box that his wife had never opened. Load it. And wait for nightfall.

Park around the block. Get out and walk around. Twice. Here comes the woman walking her pet. Just walk by. Stop, draw, turn, and fire. Walk calmly away back to the car. Drive directly to the Staten Island ferry. Pay the man and drive on. Fifteen minutes late. Get out of the car and walk to the rail. Gun goes over the side.

The police were mystified. All the fruits and nuts who commented or posted. The various three letter agencies all looked for a pattern. The media lamented that a dedicated public servant never got to enjoy her well earned pension. A story was even planted about another similar case. But our cowardly hero was out of the business. After all he only had one pocket rocket. And, it was the pattern, even random, that would catch the culprit.

Another politician decided that was no fluke and he passed on the opportunity to do the same thing. Another internet patriot put two and two together and blogged the story. And, another lonely old woman said that might be something she could do with her husband’s old hand gun.

Who says that one anonymous old man can’t change the world? It just requires some “wet work” by patriots.

Again!

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INSPIRATIONAL: A negative lesson

Wednesday, January 4, 2012

http://rivals.yahoo.com/ncaa/basketball/blog/the_dagger/post/Video-of-marriage-proposal-gone-wrong-at-UCLA-ba?urn=ncaab-wp7324

Tue Jan 03 04:08pm ESTVideo of marriage proposal gone wrong at UCLA basketball game
By Jeff Eisenberg

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The most memorable rejection of the UCLA basketball season happened in the stands rather than on the court.

Midway through a 71-63 victory over Richmond Dec. 23 at the Honda Center in Anaheim, UCLA’s “Mistletoe Cam” cut to a couple seated courtside. The man reaches into his pocket, pulls out a ring and says, “I knew that I was going to do this since the first day that I met you, and I figured now was as good a time as any.” His girlfriend’s response when he gets down on one knee and pops the question? Well, let’s just say it involved an awkward pause and running in the other direction.

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Hey, I can empathize with that fellow. First time, I proposed the girl said “no”.

I’d never ask where a rejection would be so public.

Maybe, like in my case, the second time will be the charm.

Argh! But you really have to feel for the guy.

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