The "REAL" rate of inflation.

The "REAL" rate of inflation. (Full Version)

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popeye1250 -> The "REAL" rate of inflation. (12/20/2007 4:14:58 PM)
I got a 2.4% cost of living allowance on my pension effective 1 Jan. Now, you can't tell me that the rate of inflation over the last year was 2.4%. Over the last year a gallon of milk went up from $3.69 to $5.00. Gasoline $2.19 to $2.70. Eggs are up almost 100%! Where in hell do they get these BOGUS figures and how can we find out the REAL rate of inflation?

LadyEllen -> RE: The "REAL" rate of inflation. (12/20/2007 4:17:46 PM)
You ask so many questions citizen! Pig iron production is up. Tractor production is up. That is all. J Stalin

pahunkboy -> RE: The "REAL" rate of inflation. (12/20/2007 4:25:52 PM)
Popeye, the sub prime mortgage mess will have an effect on the official inflation numbers. meaning next year- inflation could actually be DEflation and theoretically a reduction in checks! Note the PA lawmakers get a cost of living increase- of 3.5%. many items are not factored into the rate of official inflation numbers. i would like to tell the electric bill that my job is outsourced and i am forced to take a pay cut- there for what i pay YOU has to be reduced!!!

popeye1250 -> RE: The "REAL" rate of inflation. (12/20/2007 4:37:16 PM)
PaHunk, that's the problem, they don't count everything! They have this theoretical "basket" of goods that they use that just isn't representative of what people need to buy on a weekly or monthly basis. I don't think "shoelaces" or "candles" are a very good barometer or whatever they have in their "basket."

LadyEllen -> RE: The "REAL" rate of inflation. (12/20/2007 4:39:23 PM)
the ROI is for the purposes of central banks and our other "betters" - not for us? E

awmslave -> RE: The "REAL" rate of inflation. (12/20/2007 5:10:27 PM)
MARKET MELTDOWN: THE END OF A 300 YEAR PONZI SCHEME Ellen Brown, September 3rd, 2007 http://www.webofdebt.com/articles/market-meltdown.php “The modern banking system is prone to periodic market failures is that it is a Ponzi scheme, one that is basically a fraud on the people. Like all Ponzi schemes, it can go on only so long before it reaches its mathematical limits; and there is good evidence that we are there now. If we are to avoid the greatest market crash in history, we must eliminate the underlying fraud; and to do that we need to understand what is really going on.” Many predict things will get much worse soon. The only presidential candidate who has addressed the problem is Ron Paul.

Griswold -> RE: The "REAL" rate of inflation. (12/20/2007 6:35:07 PM)
quote: ORIGINAL: popeye1250 I got a 2.4% cost of living allowance on my pension effective 1 Jan. Now, you can't tell me that the rate of inflation over the last year was 2.4%. Over the last year a gallon of milk went up from $3.69 to $5.00. Gasoline $2.19 to $2.70. Eggs are up almost 100%! Where in hell do they get these BOGUS figures and how can we find out the REAL rate of inflation? This is a truly ridiculous topic...."core inflation" (that being everything but energy and housing) is at an historic low. Stop buying gas and housing and you'll be fine.

luckydog1 -> RE: The "REAL" rate of inflation. (12/20/2007 7:15:05 PM)
Popeye, I do not know exactly how they calculate it, but 15 years ago, I managed a small sub shop and every 3 months someone from the Feds would call and ask how much our Carrot cake cost, as it was one of the factors used in calculating the national inflation rate. Made me lose a lot of confidence in the Government.

MzMia -> RE: The "REAL" rate of inflation. (12/20/2007 7:35:56 PM)
quote: ORIGINAL: popeye1250 I got a 2.4% cost of living allowance on my pension effective 1 Jan. Now, you can't tell me that the rate of inflation over the last year was 2.4%. Over the last year a gallon of milk went up from $3.69 to $5.00. Gasoline $2.19 to $2.70. Eggs are up almost 100%! Where in hell do they get these BOGUS figures and how can we find out the REAL rate of inflation? Popeye, I don't think they want to ADMIT what the real raate of inflation is. Think about it, people would have to accept the fact we are in a recession. We all know that everything is so damn expensive these days. When are you going to break down and start shopping at Wal Mart? You really can stretch a damn dollar there. Damn skippy I love Wal Mart. I work too hard for my money, and I am going to get as much as I can with it.

popeye1250 -> RE: The "REAL" rate of inflation. (12/20/2007 8:28:52 PM)
Mia, I have everything I need so it'll be a long time before I shop at Chinamart.

erebus -> RE: The "REAL" rate of inflation. (12/20/2007 8:36:27 PM)
The inflation rate is a fiction that is pulled and prodded to say something that doesn't exist. The inflation rate remained remarkably level while housing prices tripled in California. Ignore it. Everyone understands it's just BS. Only the naive believe it. It's designed to re-elect whatever president and Congress that is in power at the time, which means all the time.

Vendaval -> RE: The "REAL" rate of inflation. (12/20/2007 8:44:56 PM)
quote: ORIGINAL: popeye1250 Over the last year a gallon of milk went up from $3.69 to $5.00. Eggs are up almost 100%! I am wondering if the increase in milk and eggs is directly related to the increased cost of gasoline and consequently transportation of these items. It is not likely that the poultry and cattle have formed a union and demaned better pay. [8\|]

UtopianRanger -> RE: The "REAL" rate of inflation. (12/20/2007 9:16:24 PM)
quote: ORIGINAL: popeye1250 I got a 2.4% cost of living allowance on my pension effective 1 Jan. Now, you can't tell me that the rate of inflation over the last year was 2.4%. Over the last year a gallon of milk went up from $3.69 to $5.00. Gasoline $2.19 to $2.70. Eggs are up almost 100%! Where in hell do they get these BOGUS figures and how can we find out the REAL rate of inflation? Popeye...... Remember what I told you about little fat guys with beards who pray at the temple of Alan Greenspan - Never listen to them. You pretty much have to really be ''out of it '' to say we have a low rate of inflation when the dollar has lost 35-40 percent of its value--against other currencies-- and we import almost everything. The Chinese have actually done the American consumer a huge favor by pegging the Yuan to the woes of the dollar. If the Chinese had a similar monetary/economic policy to that of the EU, everything purchased at Wal-Mart and these cheap dollar stores, would rise in cost by thirty-five percent. The Bush administration is actually trying to correct our trade imbalance with monetary policy/currency devaluation---instead of using tariffs and demanding that our trading partners import more American goods -- by deflating the value of our currency. The Chinese are shrewd as hell and aren't buying it. You can search the threads I posted a short while back, mentioning that Paul Krugman had written in his blog how the wholesale cost of staples{bread, cereal, milk sugar, flour} had risen twenty-one percent in a little over a hundred days. If that’s not inflation, what is? And without going on and on.....take a look at your core metal commodities - Gold, Silver, lead, copper, zinc, brass, aluminum, steel, etc, etc Take a look at their lows in late 2004 vs what they are today. It's not just inflation, my friend --- Its ''stagflation'' which is inflation coupled together with stagnant/dormant middle-class wages. Remember...The best measurement for inflation is from mothers who have children who spend time walking the isles of the grocery stores. - R

popeye1250 -> RE: The "REAL" rate of inflation. (12/21/2007 7:02:23 AM)
quote: ORIGINAL: UtopianRanger quote: ORIGINAL: popeye1250 I got a 2.4% cost of living allowance on my pension effective 1 Jan. Now, you can't tell me that the rate of inflation over the last year was 2.4%. Over the last year a gallon of milk went up from $3.69 to $5.00. Gasoline $2.19 to $2.70. Eggs are up almost 100%! Where in hell do they get these BOGUS figures and how can we find out the REAL rate of inflation? Popeye...... Remember what I told you about little fat guys with beards who pray at the temple of Alan Greenspan - Never listen to them. You pretty much have to really be ''out of it '' to say we have a low rate of inflation when the dollar has lost 35-40 percent of its value--against other currencies-- and we import almost everything. The Chinese have actually done the American consumer a huge favor by pegging the Yuan to the woes of the dollar. If the Chinese had a similar monetary/economic policy to that of the EU, everything purchased at Wal-Mart and these cheap dollar stores, would rise in cost by thirty-five percent. The Bush administration is actually trying to correct our trade imbalance with monetary policy/currency devaluation---instead of using tariffs and demanding that our trading partners import more American goods -- by deflating the value of our currency. The Chinese are shrewd as hell and aren't buying it. You can search the threads I posted a short while back, mentioning that Paul Krugman had written in his blog how the wholesale cost of staples{bread, cereal, milk sugar, flour} had risen twenty-one percent in a little over a hundred days. If that’s not inflation, what is? And without going on and on.....take a look at your core metal commodities - Gold, Silver, lead, copper, zinc, brass, aluminum, steel, etc, etc Take a look at their lows in late 2004 vs what they are today. It's not just inflation, my friend --- Its ''stagflation'' which is inflation coupled together with stagnant/dormant middle-class wages. Remember...The best measurement for inflation is from mothers who have children who spend time walking the isles of the grocery stores. - R Ranger, I agree. This past year seemed to be particularly bad though. I wonder what the "real" rate of inflation was for 2007.

SeeksOnlyOne -> RE: The "REAL" rate of inflation. (12/21/2007 7:07:24 AM)
quote: ORIGINAL: MzMia quote: ORIGINAL: popeye1250 I got a 2.4% cost of living allowance on my pension effective 1 Jan. Now, you can't tell me that the rate of inflation over the last year was 2.4%. Over the last year a gallon of milk went up from $3.69 to $5.00. Gasoline $2.19 to $2.70. Eggs are up almost 100%! Where in hell do they get these BOGUS figures and how can we find out the REAL rate of inflation? Popeye, I don't think they want to ADMIT what the real raate of inflation is. Think about it, people would have to accept the fact we are in a recession. We all know that everything is so damn expensive these days. When are you going to break down and start shopping at Wal Mart? You really can stretch a damn dollar there. Damn skippy I love Wal Mart. I work too hard for my money, and I am going to get as much as I can with it. i quit wal mart back in june, and i gotta tell ya, i still havent been back....but i am weakening dammit. i hate them for having the lowest prices. and i was dancing at the gas pumps over 289 a gallon.......now its down to 279 and i wish i had a huge tank i could go fill up before it gets back to 3 bucks again

subfever -> RE: The "REAL" rate of inflation. (12/21/2007 9:13:22 AM)
The inflation rate is well-contained, and the economy is just fine. So get out there and spend, spend, *spend*! signed, Your Benevolent Government

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