Quote:
Originally Posted by pghquest
Liberals told us that inflation wasnt going to be taking place.. It almost sounds like you are admitting that it is, and your rationality is.. "welp, its better than deflation"... Sorry that doesnt cut it.
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Inflation is a generic term. There is no Real Inflation, but there is Cost Inflation. The only person who has the power to control that is you.
You can either stop consuming, or start farming some of the 26 Million acres of fallow farmland in Ohio.
It's still early. You should be able to get in some corn and cotton. Your contribution of cotton to the world market will increase the supply and decrease the price of clothing a tad bit.
Quote:
Originally Posted by Recovering Democrat
In its wisdom the federal government chooses to EXCLUDE the cost of energy (heating oil, diesel fuel, gasoline, etc.) and food (groceries, etc.) from their calculation of the core rate of inflation (Consumer Price Index or "CPI") Their magic formula says there is no inflation and thus no increase in social security payments.
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Well, then start farming. That will bring the cost of food down.
The reason the government excludes that is because they're interested in knowing when Real Inflation kicks in, and Cost Inflation can mask Real Inflation.
Quote:
Originally Posted by HomeWurkin
Trump is right. We need a few Jersey boys with baseball bats to go and have a sit down with the OPEC boys. This is ridiculous.
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No, Trump is wrong. What need is few Jersey boys with baseballs to whack the liars and idiots. OPEC does not set the price of oil, the market does.
Let's see what kind of propaganda and disinformation you and your boy Trump are pushing.
These are OPEC countries:
Angola, Cabinda 32º 105.98
Ecuador, Oriente 30º 94.74
Iran, Heavy 30º 101.07
Iran, Light 34º 103.62
Saudi Arabia, Arabian Heavy 27º 100.3
Venezuela, Tia Juana Light 31º 99.06
These are non-OPEC countries:
Australia, Gippsland 42º 109.18
Norway, Ekofisk Blend 42º 108.51
United Kingdom, Brent Blend 38º 106.94
Sucks to be you, dude.
Quote:
Originally Posted by emilybh
That is what happens when a nation like the United States lets a private bank like the Federal Reserve control the money supply and print money out of thin air and hand it out to all their bankster friends to use while the dollar still has purchasing power.
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Are you suggesting the US is the only country with a private bank that controls the money supply?
I sure hope not, because that would be silly (and wrong).
Quote:
Originally Posted by emilybh
By the time it filters down to the peons (the general public) the money supply has doubled the purchasing power of the dollar has been cut in half and rather than doubling the prices of groceries, they cut down on the amount you get in each package as well as raise the price. It is called INFLATION.
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And that isn't happening yet. It generally takes 8-15 years to wend it's way through the system. You do understand this is real life and not a video game, right?
Quote:
Originally Posted by emilybh
If we were smart, we'd have elected Dr. Paul as president instead.
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And nothing would change. What is happening now would still be happening.
I suppose you believe the Federal Reserve is responsible for the bad weather that destroyed the cotton crop and reduced the supply of cotton and the world market and caused the price of clothing to rise.
Are you sure your tin foil hat is adjusted correctly? Maybe you should check its attenuation.
Quote:
Originally Posted by GregW
I wonder when the oil companies will get around to selling fuel in Liters instead of gallons and charge the same price.
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The oil companies don't set the price of oil. They just drill, process and pump it. Some of them don't even refine the oil they pump.
It's the world commodities future market that sets the price.
If you're upset, then blame yourself. If you had stopped supporting dictators in the Middle East when Osama bin Laden asked you to 10 years ago you wouldn't be in this mess.
Quote:
Originally Posted by cuebald
When the oil companies realized they had raised prices too high and people quit buying, the prices were lowered until an acceptable balance was struck between price and demand.
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And you have proof of that? Or was that some kind of mystical dream you had?
Quote:
Originally Posted by HomeWurkin
We've never gone below $2.35 here in PA since O bs'd his way into office.
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I'll recommend you for a Purple Fart.