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Old March 01, 2012, 12:43   #1
glockfan
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Non-profit econ study group: inflation really at 8%

http://www.cbsnews.com/8301-505144_1...-as-you-think/
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Old March 01, 2012, 13:18   #2
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Does anybody REALLY believe the 'official' government numbers?
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Old March 01, 2012, 13:25   #3
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Does anybody REALLY believe the 'official' government numbers?
Unfortunately..... Yes. Some of them are right here at the files.


I like your new sig line........
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Old March 01, 2012, 13:37   #4
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It is only 8% if you eat, have a car and can no longer afford major purchases.

We all have to put something in the kitty to keep Wall St, the Bankers and the Status Quo afloat.



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........until the $225 trillion debt is paid off or otherwise reduced.
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Old March 01, 2012, 17:53   #5
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It's that low?
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Old March 01, 2012, 19:23   #6
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And unemployment is probably at least 20%.
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Old March 01, 2012, 19:28   #7
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In 2008 it was the worst economy since the "Great Depression",,,, it still is,, not that much has improved or changed except who is saying it.
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Old March 01, 2012, 21:36   #8
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There were far,FAR more people working in 2008 than today.

(edit...except in government...
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Old March 01, 2012, 22:01   #9
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If only we had someone on the national political scene who could have warned us about this years in advance and told us exactly what would happen step by step. Oh, well, something like that could have never happened.

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Old March 01, 2012, 22:20   #10
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Thankfully,the interest rates on my savings and retirement more than make up for the loss in purchasing power,right?Right?


There is always someone worse off than you though-

“People who don’t have money don’t understand the stress,” said Alan Dlugash, a partner at accounting firm Marks Paneth & Shron LLP in New York who specializes in financial planning for the wealthy. “Could you imagine what it’s like to say I got three kids in private school, I have to think about pulling them out? How do you do that?”

http://www.bloomberg.com/news/2012-0...heap-chex.html
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Old March 02, 2012, 01:52   #11
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It seems everything is definately up. I received 2 notices in the last week or so, my homeowner's insurance is going up about $600 for a year, so is my civilian health insurance ($500 too) with higher deductables and co-pays.

I then looked to see what the military family health coverage would be when my orders end and they are going up around $600 for the year with higher co-pays. I read somewhere that healthcare costs have risen 23-27% since Obamacare was passed.

With the additional increases in food, gas and utilities, you would think the current administation would be doomed in November, yet the support is still there.
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Old March 02, 2012, 02:58   #12
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But according to the Fed, our current government officials, and most mainstream economists like Paul Krugman, the risk now is for deflation, not inflation. Are you telling me they are all wrong?

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Old March 02, 2012, 03:00   #13
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With the additional increases in food, gas and utilities, you would think the current administation would be doomed in November, yet the support is still there.
I'm thinking when the candidacy of the Republican party is decided a more revealing focus will be put on Obama,,, he is no longer running on a clean or fabricated slate,,,, if you discount the statistics put out by his administration.
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Old March 02, 2012, 03:03   #14
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I pray you are right, Martin. I fear the machine, and the people that main-line the stuff that comes out of it.
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Old March 02, 2012, 03:23   #15
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I pray you are right, Martin. I fear the machine, and the people that main-line the stuff that comes out of it.
Catching one's dingus in one's zipper can bring a sudden focus to a situation and sober the most Laissez-faire among us.
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Old March 02, 2012, 09:28   #16
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Obama doesn't control the printing press (inflation), the banking industry does with the consent of Congress.

You know the same industry that $$$ backed puppet Obama that is now $$$ backing puppet Romney and still has the consent $$$ of puppet Congress.




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Old March 02, 2012, 22:52   #17
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That is true. The President is far behind the Fed Chairmen in power when it comes to influence on things like the economy and inflation. There actually wouldn't be a huge difference in the inflation rate if Romney were President vs Obama right now.
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Old March 02, 2012, 23:17   #18
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I read somewhere that healthcare costs have risen 23-27% since Obamacare was passed.
Nah...couldn't be...Its "free" dontcha know?
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Old March 02, 2012, 23:50   #19
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Guys - we have to accept that this out of control spending will NOT stop until we hit the wall and NO ONE knows how much road is left for the can to kicked down - could be a month, could be 3-4 years - ALL the stuff I read says we don't make it to November - there IS no answer to this that does not involve a reset NONE! we CANNOT grow our way out - where's the DEMAND going to come from once the FED is forced to pull back the punch bowl? the reality is it does not exist - we've already pulled YEARS of demand forward - best get used to the idea NOW that things are going to be pretty bad in the near future - how bad? I have no idea.
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Old March 03, 2012, 07:31   #20
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Originally Posted by carguym14 View Post
“People who don’t have money don’t understand the stress,” said Alan Dlugash, a partner at accounting firm Marks Paneth & Shron LLP in New York who specializes in financial planning for the wealthy. “Could you imagine what it’s like to say I got three kids in private school, I have to think about pulling them out? How do you do that?”

http://www.bloomberg.com/news/2012-0...heap-chex.html

Really? This idiot actually said this? I guess living in a box under a bridge and eating rats isn't near as bad as pulling your kids out of private school. Oh, the horror....
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Old March 03, 2012, 10:18   #21
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unfortunately, that disconnect of mindset/ world experience is prevelant in most upscale areas and NYC and WASH DC, in particular. The "you have no idea how hard it is to have money" crowd keeps the satus quo going out of fear and ignorance. There is a demographic in our country that is so generationaly/physicaly insulated from other income groups
[in the flesh] that they have a very two dimensional veiw of their world. Kinda like fish in a small aquarium. That same group will watch the other "less fortunate" groups in movies and on the tube, and might interact with some "others" if they are dressed right, have the right gadgets,and the right car ,and live in the right neighborhood,and work for the right company[or is aspiring to join their class, thru emulating all the above.]
They make assumptions that everyone else lives under the same rules, and that allows them to sleep at night.
I admire someone who works hard and atains wealth from their own efforts,AND realizes that does not make their life any more valuable to them ,as a native on a beach, living on free fish and coconuts is to that being.
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Old March 03, 2012, 13:09   #22
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Really? This idiot actually said this? I guess living in a box under a bridge and eating rats isn't near as bad as pulling your kids out of private school. Oh, the horror....

On the other hand, would you want to throw your whitebread kids into the dysfunctional NY public school system?


Sounds like his wifey needs to stop meeting her friends for coffee, lunch, playdates, yoga, shopping, nail fills and start homeschooling the kids.




..............juanni
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........until the $225 trillion debt is paid off or otherwise reduced.
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