Tag: penny candy

MONEY: Inflation deception — what goes up; never ever comes down

Published on by reinkefjLeave a comment

https://www.zerohedge.com/personal-finance/inflation-transitory-heres-your-simple-test

Is Inflation “Transitory”? Here’s Your Simple Test
BY TYLER DURDEN
THURSDAY, JUN 17, 2021 – 09:50 AM
Authored by Charles Hugh Smith via OfTwoMinds blog,

*** begin quote ***

Is inflation “transitory” in your household budget? Really? Where?

The Federal Reserve has been bleating that inflation is “transitory”–but what about the real world that we live in, as opposed to the abstract funhouse of rigged statistics? Here’s a simple test to help you decide if inflation is “transitory” in the real world.

Let’s start with some simple stipulations: price is price, there are no tricks like hedonics or substitution. Nobody cares if the truck stereo is better than it was 40 years ago, the price of the truck is the price we pay today, and that’s all that matters.

(Funny, the funhouse statistical adjustments never consider that appliances that used to last 30 years now break down and are junked after 3 years–if we adjusted for that, the $500 washer would be tagged at $5,000 today because it has lost 90% of its durability over the past 30 years.)

*** end quote ***

My readers, acquaintances, friends, and anyone who will listen to me is probably tired of hearing me whine about “penny candy”, “three silver dimes for a 1965 gallon of gas”, “my long gone father-in-law’s fifty dollar bill”, and “the dollar losing 99% of its purchasing power in 50 years”.

I don’t know how else to make “We, The Sheeple” realize that the politicians are robbing us blind.

Argh!

All I can say is save your nickels; at least they have some intrinsic value.

—30—

MONEY: Penny candy and other economic lessons

Published on by reinkefjLeave a comment

https://schiffgold.com/interviews/peter-schiff-with-tucker-carlson-inflation-is-a-painful-tax/

Peter Schiff With Tucker Carlson: Inflation Is a Painful Tax
APRIL 6, 2021  BY SCHIFFGOLD 

*** begin quote ***

We’re told inflation isn’t a problem. But a quick trip out to the grocery store or to fill up your car with gas tells you otherwise. Prices are going up. Peter Schiff recently appeared on Tucker Carlson’s show to talk about inflation. He said the price of everything is going up and the value of everything is going down.

It’s clear that prices are rising.

*** end quote ***

I’m tired of ranting about inflation. 

Just do a search on the blog for “three silver dimes” and you’ll see some of my best examples (i.e., the Roman’s cloak, penny candy, 1968 gas prices).

It all comes down to the politicians and bureaucrats having an incentive for silent taxes.  If some Gooferment goon came in every year and seized 2% of your wealth (i.e., 2/100ths of your house), then you’d understand.

I don’t know what I can write that will make the point of inflation is due to the FED. (The Federal Reserve Bank is a misnomer. IT ain’t “federal”. It reserves nothing. And, it ain’t a “bank”. It is a private cartel of the elite banks run for their benefit and that of the entrenched politicians.)

Sure the rich, the elite, politicians, and bureaucrats love inflation.

It’s a racket.

“It’s a big club, and you ain’t in it! You, and I, are not in the big club.” — George Carlin
https://www.youtube.com/watch?v=i5dBZDSSky0

—30—

TINFOILHAT: Am I Asking the Wrong Questions?

Published on by reinkefjLeave a comment

http://deviantinvestor.com/7070/asking-the-wrong-questions/

Asking the Wrong Questions
Posted on June 3, 2015 by Gary Christenson

*** begin quote ***

We often hear (the wrong) questions such as:

What did politicians know about that scandal?
Will the stock market rally another year?
{Extraneous Deleted}
What happened to penny candy?
How much longer can “they” hold it together?
Will gold prices ever get to $2,000?
And 101 more…

In my opinion these are often the wrong questions. Ask better questions and we receive more relevant answers.

*** and ***

Garbage in, garbage out! Ask better questions and the answers will be more useful. The same thinking that brought the world to this point will not be helpful in solving the problems that threaten our financial well-being.

Gary Christenson

*** end quote ***

I find this funny because HRC won’t answer questions, BHO just flat out lies (i.e., keep your doctor), and politicians just stall until you give up.

Sharyl Attkisson just gave written testimony how the Gooferment evades and stonewalls FOI requests.

And, everything Gooferment plans to do is either classified, secret, or redacted.

So, when the author cites Groucho, I understand.

“Who are you going to believe, me or your own eyes?” —Groucho Marx

It’s related to: “I wouldn’t believe you, if your tongue came notarized.” … attributed to Judge Marilyn Milian, but may have an earlier history.

I see an county that is going quickly in the wrong direction, but have no idea how to stop it.

Argh!

# – # – # – # – #