FAILING USA EMPIRE???

[shadows]

 
What is the solution of the approaching 16 trillion dollars national debt, equal to some $50 thousand dollar debt of every man, woman and child?
Total obligation of USA is over $211 trillion dollars. 

The dollar is no longer printed as a note drawn of the Federal Reserve but now that part is being left off the notes.   Is it possible there is a change of currency or bankruptcy in the makings?

Has the USA joined the long line of empires that through wars spent themselves into oblivion that are coming back today?  Is the answer a trade war? 

We didn’t have a problem driving the inflation sky high and still rising, now how do we stabilize prices?
 

[nathanm]

Not sure how you think that slightly over 1% inflation (if using the Billion Prices Index, as I'm sure a government skeptic like yourself would) is sky high inflation?

[shadows]

Not sure how you think that slightly over 1% inflation (if using the Billion Prices Index, as I'm sure a government skeptic like yourself would) is sky high inflation?

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From the area where a pair jeans or a pair of shoes’ could be purchased for a dollar, implying that their cost has only risen 1% in 65 years is beyond the category of fairy tails of the deep sleep of Rip Van Winkle.

Using checks without the name of the bank on which it is drawn is preposterous.   Of course as long as we can postpone owning up to our obligation the $100 dollar bill is worth about 1% of its value some 65 years ago.   

[nathanm]

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From the area where a pair jeans or a pair of shoes' could be purchased for a dollar, implying that their cost has only risen 1% in 65 years is beyond the category of fairy tails of the deep sleep of Rip Van Winkle.

Using checks without the name of the bank on which it is drawn is preposterous.   Of course as long as we can postpone owning up to our obligation the $100 dollar bill is worth about 1% of its value some 65 years ago.   

You mistake past inflation for present/future inflation.

[AquaMan]

For future reference shadows, a check need not have a banks name, number or routing information to be a valid check. I remember reading about one that was written on the belly of a woman wearing a bikini.

Someone with intimate knowledge of negotiable instruments or "demand deposits" may take issue with that, but banks add the other info for their own protection and accounting.

[YoungTulsan]

If you think we have 1% inflation, say hi to Santa Claus for me when he drops by in December.

The CPI is a big fat lie, it excludes food and energy.  The claim is that those things are just too volatile.  If your food and gas bill goes up 50%, and the government claims inflation is at 1%, how do you not realize you are being lied to?

But the main reason they HAVE to lie is due to the COLA (cost of living adjustment) in Social Security.  The whole system would literally explode if they were to report any sort of real inflation.

[Teatownclown]

http://www.tulsanow.org/forum/index.php?topic=19215.0

same thread, Shadows

[erfalf]

If you think we have 1% inflation, say hi to Santa Claus for me when he drops by in December.

The CPI is a big fat lie, it excludes food and energy.  The claim is that those things are just too volatile.  If your food and gas bill goes up 50%, and the government claims inflation is at 1%, how do you not realize you are being lied to?

But the main reason they HAVE to lie is due to the COLA (cost of living adjustment) in Social Security.  The whole system would literally explode if they were to report any sort of real inflation.

Food is certainly going up in cost. It's easy to see on a few things I buy every week. I remember a stretch of about 10 weeks in 2011 where milk went up about 20%. Since that point it seems to have stabilized, but it certainly didn't go down.

The easiest to see is the gas prices. It has certainly effected my budget, and I don't even drive all that much.

[shadows]

http://www.tulsanow.org/forum/index.php?topic=19215.0

same thread, Shadows

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Apologize if I have infringed on or duplicated a thread.   The intent was after the constant reminder that inflation has increased only 1% over the long period when a more accurate statement would be 1% monthly.

Catalogs printed in files show a constant increase in the pricing structures over the years.  Some will say that is a growing economy whereas it could be explained by the devaluing of the dollar more easily.

USA has not won a war they have tried to lead since the war with Japan these wars have cost the lives on our young people and our golden area in time.  In the meanwhile they have caused us to write blank checks without backing and we cannot cover them.   

     

[RecycleMichael]

The intent was after the constant reminder that inflation has increased only 1% over the long period when a more accurate statement would be 1% monthly.

The dollar menu at McDonalds is still a dollar. I went to Dollar Tree and everything is still only a dollar.

I am sorry that you have to pay 12% more when you shop at those stores. I would check your receipts next time.

[shadows]

The dollar menu at McDonalds is still a dollar. I went to Dollar Tree and everything is still only a dollar.

I am sorry that you have to pay 12% more when you shop at those stores. I would check your receipts next time.

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Right you are.  I have noticed the reduction of gross weight in those hamburgers making up for inflation.  The last pair of shoes I bought at the dollar store I didn't shake the Chinese out of them before putting them on so I have a limp when I walk.  Our major store is selling electric toasters for $7.99.  If you started repairing electric toasters and paid minimum wage, health insurance, SS, liability insurance, corporate minimum taxes, rent and repair parts you too would be writing checks on unnamed banks. 

[nathanm]

If you think we have 1% inflation, say hi to Santa Claus for me when he drops by in December.

The CPI is a big fat lie, it excludes food and energy.  The claim is that those things are just too volatile.  If your food and gas bill goes up 50%, and the government claims inflation is at 1%, how do you not realize you are being lied to?

The billion prices index tracks CPI-U quite closely, thanks.

And yes, food and especially energy are far too volatile to give a decent measure of economy-wide inflation. Real (as in sustained) changes in energy prices should be reflected in the prices of the other items in the basket, anyway. It makes no sense whatsoever to calculate inflation based on a product that regularly changes value by 25% to 50% in the space of a few months, sometimes rising drastically, sometimes falling drastically.

[Red Arrow]

The dollar menu at McDonalds is still a dollar. I went to Dollar Tree and everything is still only a dollar.

I haven't been to McDonald lately and Dollar Tree probably ever but Snyders' Sourdough hard pretzels have gone from a full pound to 13.5 oz for the same price, or maybe a bit more.

[shadows]

The dollar menu at McDonalds is still a dollar.

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I can remember buying the hamburgers when McDonalds franchise bought out Norman Angles drive in at Admiral Pl. and Memorial for 25cents.  The burgers were about twice the size as those now.  Let us see the smaller burger you pay a dollar for has tripled in cost so by the good ole plutocrat math that means inflation on the burger is only 3%.

This new way of figuring percentage can help us with our 211 trillion dollar obligation. 

[nathanm]

good ole plutocrat math that means inflation on the burger is only 3%.

It's called a rate. If something cost a dollar ten years ago and today it costs $1.21, what is the average rate of inflation per year?