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?

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?

quote:

ORIGINAL: popeye1250
Over the last year a gallon of milk went up from $3.69 to $5.00.
Eggs are up almost 100%!

that the poultry and cattle have formed a union and demaned better pay. 

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?

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

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.