Years @ 5.0%
1 $0.952381
2 $0.907029
3 $0.863838
4 $0.822702
5 $0.783526
6 $0.746215
7 $0.710681
8 $0.676839
9 $0.644609
10 $0.613913
11 $0.584679
12 $0.556837
13 $0.530321
14 $0.505068
15 $0.481017
16 $0.458112
17 $0.436297
18 $0.415521
19 $0.395734
20 $0.376889
21 $0.358942
22 $0.341850
23 $0.325571
24 $0.310068
25 $0.295303
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Leave a Comment » | 
MONEY | Tagged: Inflation | 
Permalink
Posted by reinkefj
http://www.lewrockwell.com/orig2/stewart9.html
The Crisis in 10 Points
by Robert Stewart
*** begin quote ***
2. The Federal Reserve System (the Fed – created in 1913) has accommodated government’s policy of spending to excess by inflating the money supply and keeping interest rates artificially low. Today’s dollar will buy what in 1913 would cost less than a nickel. This easy-money policy has not only led to inflation but has resulted in investments taking place that would not be justified had the money supply been constrained, and had interest rates more clearly reflected economic reality.
*** end quote ***
IMHO, this is the root of so many evils since 1913. Even the “income tax” wasn’t as bad as this. The FED allows the political class to extract value from the poor and middle class without the “bother” of taxes. It’s the hidden silent tax. And, it extracts more “wealth” than even the “death tax”.
I can’t believe that people are so stupid!
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Leave a Comment » | MONEY | Tagged: FED, FRAUD, Inflation, Moral Hazard, Problems | Permalink
Posted by reinkefj
http://www.lewrockwell.com/sardi/sardi101.html
What Is the National Debt?
by Bill Sardi
*** begin quote ***
The national debt is owed to many, including foreign governments, investment groups, and so on. But one thing I don’t understand is that the national debt is said to amount to $10.6 trillion before the federal government apparently came up with hundreds of billions to trillions more out of thin air in the recent bailouts. They didn’t loan this bailout money from anybody. Where did it come from? It appears to be fiat money, printed into existence. Does this pretend-money then get added to the national debt? Do we pay interest (taxes) on this imaginary money? Don’t know, and don’t know anybody who can answer this question. It’s all part of the secrecy of government.
*** end quote ***
A National disgrace. A National crime. A National millstone around the neck of our children.
Quick like a bunny, tactically, the gooferment should sell 30, 40, and 50 years bonds. With a sinking fund to pay them off!
Eventually this is one big chicken coming home to roost.
It’ll make the Cater inflation look good!
Gold anyone?
Buried in your back yard!
Don’t forget FDR’s gold grab. And, remember the congresscritters are eyeing your 401Ks!
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Leave a Comment » | MONEY | Tagged: Inflation | Permalink
Posted by reinkefj
http://www.lewrockwell.com/huff/huff24.html
*** begin quote ***
You might also ask your US Representative to co-sponsor the Bill to Abolish the Fed. So far Ron Paul’s Bill has no co-sponsor. What does that tell us?
*** end quote ***
[JR: That politicians are happy with the blank check that the current system provides them? ]
http://www.govtrack.us/congress/bill.xpd?bill=h110-2755
*** begin quote ***
Federal Reserve Board Abolition Act – Abolishes the Board of Governors of the Federal Reserve System and each Federal reserve bank.
Repeals the Federal Reserve Act.
This bill is in the first step in the legislative process. Introduced bills go first to committees that deliberate, investigate, and revise them before they go to general debate. The majority of bills never make it out of committee.
*** end quote ***
Arhhh!
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Leave a Comment » | MONEY, Ron Paul | Tagged: DOWNSIZING, Economics, Education, FED, Foreign Exchange, Inflation, Moral Hazard, Morality, Revolt, Ron Paul, Tax Revolt | Permalink
Posted by reinkefj
http://www.lewrockwell.com/rockwell/austrian-econ-more-than-ever.html
Why Austrian Economics Matters More Than Ever
by Llewellyn H. Rockwell, Jr.
*** begin quote ***
Abolishing the Fed would put a huge brake on the planning state. Without the ability to expand the money supply at will, the federal government would become about as threatening as state or local government. That is to say, the federal government would still be an intolerable imposition on life, liberty, and property. But we wouldn’t be worrying about hyperinflation, large scale bubbles in specific sectors, crazy business cycles, trillion-dollar bailouts, controls that reach into every nook and cranny of our lives, a cradle to grave welfare state, or a global empire that invades any and every country at will, and makes America the enemy to whole regions of the world.
That’s only the beginning of what the end of the Fed would mean. It would dramatically change the political culture in this country. Bureaucracies would tumble. Trade would stabilize. The investment-risk calculus would accord with the free market. The left could no longer live out its pipe dreams of socialist utopia at our expense. The right would have to give up its wacky notion of a world police state. The power ambitions of whole sectors of society would be scaled back.
The state is always and everywhere a danger, even when it has no monopoly on money and no printing press that can create money tickets at will. But a state with the ability to make its own money is a grave and relentless threat to prosperity and freedom. It leaves the future entirely to the discretion of the money managers. Every day we live under the threat that the US could be the next Weimar Republic or even another Zimbabwe. All that stands between us and that day is the wisdom and prudence of the Fed.
*** end quote ***
There was a fundamental shift in America that was done without the People even being aware of the terrible path they were being taken down.
With the financial meltdown (i.e., criminal collusion between Congress and Wall Street), it seems like an appropriate time to put the Fed out of business.
It’s un-American!
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Leave a Comment » | Political | Tagged: Bailout, Bailouts, FED, Inflation, Moral Hazard, Morality, Tax Revolt | Permalink
Posted by reinkefj
http://www.lifetrekcoaching.com/current/
PROVISION #589 (11/02/08): ELECTION ENERGY
>You’re also participating in that great movement called democracy. The opposite of democratic
>is not republican; the opposite of democratic is aristocratic. “Democratic” means rule of the
> people, the “demos” in Greek, while “aristocratic” means rule of the best, the “aristos”.
You have got to be kidding. This is a joke. Right? You can’t be serious. This is what the Founding Fathers feared most; the inflamed passions of the mob.
Sorry, given today’s education system, which is right out of the Socialist Horace Mann’s playbook, we have functionally illiterate people picking based on TV. I’ve got more respect for “Dancing with the Stars” election process than I do “the gooferment’s one”. (Have you seen the mechanics of voting?) Mann wanted an education system to create good factory workers and soldiers for the army. People who were easily lead by the elite.
See any elite in this election?
I sure do!
Sarah is the only wild card in the deck. And, at least she has some demonstrated executive ability. She is probably the most qualified of all of them. At least she hasn’t been in Washington DC at all.
No, this isn’t about an Athenian democracy. Or Plato’s “Republic”. This is about “manipulation”. Yes, you did see raw intelligent passion as folks came out for Ron Paul. There was a TRUE choice. A completely different path! Hopeless; throwing themselves against the entrenched elites of the Republican Party. Mao said “All power comes from the end of a gun”. He was dead on.
We have an American because some Dead Old White Guys stood up to the entrached power elite and said “hell, no!” and were willing to die for their liberty. We’ve seen from time to time that fighting spirit come out — the Second American Revolution aka the War of Norther Aggression aka the Civil War (there’s a misnomer).
The elite allows “elections” on the hope that the sheeple will carry on the illusion of “their government”. In fact, it is a fraud. Your friend was absolutely right there’s no difference between the two “parties”. In the election that you abhor the Supreme Court deciding, there was only two choices the Harvard guy with the blue tie and the Harvard guy with the red tie. They are so much alike I can even remember who wore what!
No, the whole thing is a farce! Except at the end of it, the gooferment kills. It kills with its diversion of our attention to REAL problems. To the real loss of liberty here at home and abroad. Eventually, the chickens do come home to roost.
At some point in time, the oppressed decide that they are tired of “the shit end of the stick”. They look at their lot in life and make a decision to say “enuf”! If we are lucky, it’s relatively peaceful like Ghandi, the Polish Soladarity, or the Russian Communism collapse. If we are not, it’s bloody like the French Revolution, Mao taking China Communicst, North Korea, Nazi Germany.
I fear we are merely traveling the road that ends in disaster. Election, or not. When you have Socialism, whether it be from a Democrat or a Republican, that takes an ever increasing percentage of wealth and earnings, while one’s accumulated wealth is inflated away, you have the focus point of revolution. At some point, even American’s will say “enuf”?
Can’t tell you at what point exactly that is. When the taxes so much, that survival is in doubt? When a life’s savings are stolen? When the insame gooferment diktats about drugs have half the people in prison? When the unemployment is 50%? When the dollar ceases to be the reserve currency and we have a Zimbabwe inflation? When Hispanics become the dominent race here in America? If Obama loses and half the people think the other half are racists? If McCain loses and half the people think the other half are Marxist Communist Socialists?
Eventually, all gooferments get around to killing their citizens. Like the JPFO says: “Frist comes disarmament; then genocide.” We will have a “vote” then. I pray it’s Ghandi-like. But, I’m not so sure of that. I do know that “cold dead hands” will decide the issue eventually. Not ballots.
Peace,
fjohn
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Leave a Comment » | Political, Ron Paul | Tagged: Inflation, McCain, Moral Hazard, Obama, POTUS08, Presidential2008, Revolt, Ron Paul, Tax Revolt | Permalink
Posted by reinkefj
http://channel-surfing.blogspot.com/2008/10/use-public-works-to-put-public-to-work.html
Friday, October 17, 2008
Use public works to put the public to work
*** begin quote ***
Anyone who thinks we can balance the federal budget and dig ourselves out of the financial quagmire is just fooling themselves. We can’t, and Paul Krugman explains why today:
{Extraneous Deleted}
On the other hand, there’s a lot the federal government can do for the economy. It can provide extended benefits to the unemployed, which will both help distressed families cope and put money in the hands of people likely to spend it. It can provide emergency aid to state and local governments, so that they aren’t forced into steep spending cuts that both degrade public services and destroy jobs. It can buy up mortgages (but not at face value, as John McCain has proposed) and restructure the terms to help families stay in their homes.
And this is also a good time to engage in some serious infrastructure spending, which the country badly needs in any case. The usual argument against public works as economic stimulus is that they take too long: by the time you get around to repairing that bridge and upgrading that rail line, the slump is over and the stimulus isn’t needed. Well, that argument has no force now, since the chances that this slump will be over anytime soon are virtually nil. So let’s get those projects rolling.
*** and ***
Amen.
*** end quote ***
Posted by Hank Kalet at 5:38 PM
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fjohn said…
Can’t you see the utter absurdity of the gooferment printing more money to spend on make work projects? They are counterfeiters! See that’s why they want you confused about what is money. (And have done a superb job of dumbing down the entire population!)
Forget the “dollar”. It’s meaningless. It’s not a store of value, unit of account, or useful intermediary.
Lets pretend that a gallon of gas is a unit of money. How can the gooferment just print gallons of gass? It can certainly print more receits for gallons of gas, but someone is going to get screwed when they can’t redeem their receit for the gallon it represents.
So too, regardless of what you think a dollar represents, somebody in this “printing press” money gets screwed.
Let’s have a guessing game?
Senior citizens on fixed income as prices rise! Very good.
Anyone who holds an “old dollar” as the new ones get printed. Excellent!
Any one who has to buy something. You get the prize!
Who wins? (If there are losers, there has to be winners!)
Politicians who get to spend these counterfiet dollars first.
Unions, especially gooferment ones, who have contracts tied to the minimum wage or inflation escaators.
Those who hold commodities and land. (The gooferment can’t print more of those.)
So, now maybe, just maybe, you will see this as the fraud, the theft, the cheating of the poor, that it really is.
How fortunate we have the gooferment to save us all.
{Shaking my head in disbelief. How can smart people be soooo blind!}
Sheeple!
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Leave a Comment » | Political | Tagged: Bailout, Depression, Economics, Gooferment, Gouging, Inflation | Permalink
Posted by reinkefj
http://www.impactlab.com/2008/10/11/studying-japans-dark-years-to-see-how-the-us-might-fare/
October 11th, 2008 at 4:32 am
Studying Japan’s Dark Years to See How the U.S. Might Fare
*** begin quote ***
Japan in the 1990s saw billions of dollars worth of wealth disappear. A generation of “parasite singles” grew up, living with their parents well into their 30s. The suicide rate spiked, and university graduates spent years in part-time jobs. Japanese entrepreneurs had no or limited access to capital, stymieing innovation. Yet the standard of living for the average Japanese did not dramatically change — the pain of the crisis unfolded over many years and the government refrained from dire pronouncements.
Unemployment would peak at only 5.5 percent, an enviable rate for much of the world in good times. Deflation — or price declines as gloomy consumers and skeptical businesses put off purchasing — sickened the economy. Yet leading experts now agree its impact was not as severe as originally thought.
Japan saw repeated years of low or negative growth, but the final tally was something short of a decade-long recession — with the 10 years leading up to 2000 averaging out at almost 1 percent growth. Companies like Toyota would prosper in adverse times, forced to sharpen their competitive edge. Emerging in the 2000s as the leader in hybrid cars, Toyota found itself on stronger footing than its U.S. counterparts.
*** end quote ***
Well, our politicians are dumber than the average bear in the woods. So what is our five or ten year forecast?
On the plus side, they can’t hide the distress. Unlike the Japanese did.
On the minus side, the Japanese people are savers; we aren’t. (As a nation. Not me personally. Now that I’m in the retirement red zone, I’m trying to make up for lost time and all my relatives will have to fend for themselves. Unless one of my books goes platinum, they would be kept in the style that they’d like to become accustomed to! And Frau Reinke could make a frugal squirrel look like a spendthrift.)
On the minus side, more than half of the people work for the gooferment. That’s not a model that can sustain itself. Especially, if the gooferment raises taxes and “producers” decide to chuck it all and go on the dole.
Inflation is unavoidable. Where do they get all these billions they are printing? Certainly not from savings. “Re capital ization”, my tush. Capital only comes from savings. You know Robinson Crusoe forgoes eating a fish so he can eat while he makes a fish net. Savings. Real savings.
Unfortunately, the sheeple are going to get a real “eddykation in ecckkyynomicks”. It’s called the dismal science for a reason. It’s dismal. There are NO silver bullets in real life. You can’t have it all. And, no amount of printing press money is going to make it so.
Forecast: Runaway inflation. More gooferment spending. More pain in the country at below the Teddie Kennedy level. (Don’t you love how rich politicians — redundant repetition of terms –have the audacity to say “i feel your pain”!) Fixed income folk takes the brunt.
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Leave a Comment » | GLOBAL | Tagged: Bailouts, Depression, Economics, Inflation, Moral Hazard, Problems, Recession | Permalink
Posted by reinkefj
http://www.lewrockwell.com/sennholz/sennholz19.html
Hyperinflation in Germany, 1914–1923 by Hans F. Sennholz
*** begin quote ***
How stupendous! Practically every economic good and service was costing trillions of marks. The American dollar was quoted at 4.2 trillion marks, the American penny at 42 billion marks. How could a European nation that prided itself on its high levels of education and scholarly knowledge suffer such a thorough destruction of its money? Who would inflict on a great nation such evil which had ominous economic, social, and political ramifications not only for Germany but for the whole world? Was it the victors of World War I who, in diabolical revenge, devastated the vanquished country through ruinous financial manipulation and plunder? Every mark was printed by Germans and issued by a central bank that was governed by Germans under a government that was purely German. It was German political parties, such as the Socialists, the Catholic Centre Party, and the Democrats, forming various coalition governments, that were solely responsible for the policies they conducted. Of course, admission of responsibility for any calamity cannot be expected from any political party.
*** end quote ***
If you ever talked to someone who lived thru that era, you could see fear on their faces. Only stuff was valuable. I remember being told by an old lady: “Each day at lunch time, I would go to Papa’s law office and take the money he collected for services and go buy something immediately. Anything. Didn’t matter what. Things had value; money did not. Papa would do the smae at night when he left the office.” I never forgot that conversation.
I had a fantasy as a child. I bet all kids do. At least kids who want more of what they can’t have. “What if all monopoly money was real?” I’m sure my Mom thought it was very funny
Then as the nerdy bookworm I was, I was on a quest to learn about money. Digesting a few good “iicky nom icks” books — can they be any more boring? — I was a diligent researcher in those days.
I read about the six characteristics of money — medium of exchange, store of value, unit of account, divisible, fungible, and measurable. Learned about how difficulty in barter lead to money. I could differentiate between Commodity, Representative, Credit, and Fiat money. I could define liquidity, velocity, demand curves, and even derivatives. But my young mind blundered on a realization.
It was all monopoly money!
Yes, dear reader, we’ve been defrauded by our own gooferment. Today’s dollar is not the dollar of our parents or grandparents. And, it won’t be the dollar of our posterity.
Fasten your seat belts. The 25% Carter inflation will seem tame after the politicians get finished screwing us.
The only funny thing is that, while every holder of a dollar today is going to be screwed, the biggest holders of dollars is the Chinese Communists. INflation is going to ravage their 5 Trillion Dollars.
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Leave a Comment » | MONEY | Tagged: Gooferment, Inflation | Permalink
Posted by reinkefj
http://www.lewrockwell.com/rozeff/rozeff228.html
Gold, the Dollar, and the Dollar Index
by Michael S. Rozeff
*** begin quote ***
Since 2001, gold has risen as the dollar index has fallen, but it has risen more sharply because the other currencies have also fallen in terms of gold. This appreciation in gold coincides with a world-wide inflation of paper currencies. Gold caught up to the inflation, so to speak. As long as these central bank currencies continue to be manufactured without solid backing, either gold or tax revenues, gold will continue to have a long-term upward trend. The volatility in gold prices will, in all likelihood, also continue, and that makes it hard to forecast the shorter-term movements with a factor like money supply. Note that the big increases of recent days have not pushed gold to new highs. In the longer run, however, we can be quite sure that gold will move higher if nothing is done to improve the backing of the world’s central bank currencies.
*** end quote ***
Seems obvious to me.
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Leave a Comment » | GOLDBUG | Tagged: Depression, Gooferment, Inflation | Permalink
Posted by reinkefj
-
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FJohn Reinke
Consultant at Technology Legacies LLC
Advisor, Computer Governance Committee at Manhattan College
Editor / Publisher at Jasper Jottings
Greater New York City Area
JJ Positraction JJ Endnotes Downsize DC
Philosophy of Liberty
I have NOT received any gagged governmental information requests
