On 05/23/2012 12:09 PM, authfriend wrote: > --- In [email protected], Bhairitu<noozguru@...> wrote: >> On 05/22/2012 09:29 PM, authfriend wrote: >>> --- In [email protected], wgm4u<no_reply@> wrote: >>>> I think the treasury Secretary, Timothy Geithner reports directly to >>>> Obama.... >>>> >>>> --- In [email protected], Bhairitu<noozguru@> wrote: >>>>> On 05/22/2012 04:39 PM, wgm4u wrote: >>>>>> By printing more money Obama cleverly 'steals' your money >>>>>> from your bank by deflating the dollar. >>> Hmm, I've always thought printing money results in >>> *inflation*, not deflation. >>> >>> Fortunately, the runaway inflation the GOP has been >>> screaming is going to happen hasn't. >> Do you compare food prices to what they were two, three years ago? Some >> of us still have a memory system and can even remember what prices were >> 10 years ago for food, gas, etc. Inflation is very much here but yes >> not quite runaway yet. > Nowhere *near* runaway, Bhairitu. As I'm sure you're aware, > food and gas prices fluctuate significantly regardless of > the money supply, so they're often not included in measures > of what's called "core inflation." Core inflation is vastly > more important for the state of the economy--and it's still > *very low* (2.3% as of April). Many economists say the > economy would benefit if it were allowed to rise somewhat. > But the GOP uses the threat of inflation as a scare tactic, > so core inflation is kept down by the Fed, which prevents > the economy from improving. > > <snip>
Let's see, in 2000 when I moved here a turkey wrap at the local store, the same one they sell now was $1.99. It's $4.99 now. It was a favorite of mine. I watch the price of things like potato chips because they are cheap to make and non-essential so you would think they wouldn't rise so much in price. But a bag of chips is now $3 when it was $1 back in 2000. That is a 300% rise. And the bags have less chips. If you want more information watch the "Weight of the Nation" HBO episode especially episode four where they point out food price inflation. You can watch it for free on their web site or their channel on YouTube. You will not see this series on broadcast TV as food advertisers would complain and want to pull TV ads. The economy would benefit if people had more expendable income not spending using credit. The whole system needs a reboot. If you believe the government's propaganda which you apparently do then you are drinking the kool-aid. >> You can also gauge how things are going economically by the >> "desperation" level you see even from online vendors including big ones >> like Amazon who used almost never spam me. Now it is every day. > I don't ever get spam from Amazon, and I'm a regular, > frequent customer. Check your account preferences. Mine > are set not to receive promotional emails. > > I don't mind the ads but I often use Amazon for research on certain items. They think I am interested i buying which is rather funny.
