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Forum Post: Economic Basics...you idiots

Posted 10 years ago on Dec. 8, 2011, 12:01 p.m. EST by TheStop (53)
This content is user submitted and not an official statement

You all do know that if we make everyone have even pay that inflation will happen and then everyone would be poor? If we gave everyone in the USA 20 mil that prices of certain products would all raise to the point that they are expensive again.

25 Comments

25 Comments


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[-] 1 points by opensociety4us (914) from Norwalk, CT 10 years ago

thank you for clearing that up. i still want my 20 mil.

[-] 1 points by JesseHeffran (3903) 10 years ago

The poor/rich paradigm is a relative one. Everyone cannot be poor if no one is rich.

[-] 1 points by capitalismimplosion (33) 10 years ago

we need cheaper labor, we need to bomb and oppress other nations, especially those with people of color, like we did all through the 1800s and 1900s, how do you think we got to where we are. The entire globe knows whites are superior, we have the bombs and now all the land and resources.

force cheap labor, it's the only way...

we also need to use technology to get rid of jobs. make all schools online, ged, HS, college, med school, dental, law, etc - get rid of peasant teachers.

put all health care online and pump out cheaper docs and medicine (but charge more for it in America, especially to whites)

Force everyone to believe in christianity so we can pretend it is threatened now and again and garnish their support to do things, like bomb colored people.

[-] 1 points by richardkentgates (3269) 10 years ago

this post indicates that you have little understanding of inflation.

[-] 1 points by fucorporatemedia (451) 10 years ago

This phony 'inflation' is being driving by commodity traders gaming the market to their own benefit.

In the first 55 days of 2008, speculators poured $55 billion into commodity markets, and by July, $318 billion was roiling the markets. Food inflation has remained steady since.

Hard red spring wheat, which usually trades in the $4 to $6 dollar range per 60-pound bushel, broke all previous records as the futures contract climbed into the teens and kept on going until it topped $25. And so, from 2005 to 2008, the worldwide price of food rose 80 percent — and has kept rising.

[-] 3 points by poopsmith (-3) 10 years ago

what if burger king payed all their burger flippers 100k a year?what would the cost of a whopper be? If a fry cook makes 100k a year how much should a bus driver earn? how about a doctor or an engineer?

[-] 0 points by TheStop (53) 10 years ago

Inflation isn't phony. Let me explain it to you.

I own s shop with we will say Iron that i am selling. I market it at $25 a pound so that i don't run out. Suddenly everyone has money and i am running out of iron so i move the price to $50 so i don't run out

It has nothing to do with wall street yelling to the world to raise prices.

[-] 1 points by fucorporatemedia (451) 10 years ago

it has nothing to do with supply and demand...it has everything to do with speculating...

they drove the cost of wheat from $4 to $25 with Speculation

[-] 1 points by TheStop (53) 10 years ago

no its because it was hard to move wheat to the buyer.

[-] 0 points by Doc4the99 (591) from Washington, DC 10 years ago

Headed towards a police state? Headed into a great recession? Hyperinflation will turn American into a police state? So will massive, system-seizing deleveraging and financial market collapse if they don't. We are already living in it -- "TheStop".

This is the crux of the matter. The outcome only changes depending on how much they print, but the final social effect differences are negligible. Police state is here and ramping up. Just imagine what it will be like with starving masses and a dead economy - something that happens no matter how much printing occurs.

You realize that there are land barons already in place... you'd simply be trading drones for whips in a deflationary environment... this is where the spoils of the wealth gap really get to be utilized (because the political structure has deflated as well and will be more local or very local with regional feudal lords). If we're going to talk about extremes...

Let commodities fall a little, so when the next round of "printing" is announced the new highs won't come as fast. Consolidation is good for long term bull markets. China demand may fall a little as their real estate market implodes.

But, Don't hold your breath - the Greek crises has been going on now for almost 2 years. Waiting for the "inevitable crash" is like watching paint dry. It took Rome a couple of hundred years to finally implode and disintegrate. There is a good chance that we may all be long dead before everything in the Western World falls apart.

Sorry, when they even announce the liquidity program, even before instituting it, raw material prices will surge. And another turn of the biflationary rack will further kill the buying power of the middle class. Because by now after 2.5 QEs and doing the Twist we have seen that net worth and incomes don't rise despite monetary expansion. Only the price of paper and paper-backed stuff. And that's the stuff of revolutions and geopolitical instability. So it's now down to the very short term

So, it doesn't matter which party is in office, cash will be king during a deflationary collapse... Yeah... I'm guessing that when the price of real estate, farms, bread, crude oil, cattle, & metals all drop to ZERO during the deflationary collapse, I'll be sitting pretty with my $1 bill...

Occupy everything. Take back your homes, protest. protest and protest some more. At least go down swinging before the soft landing for the banking system ruins what is left of this country.

""They may call me a rube and a hick, but I'd a lot rather be the man who bought the Brooklyn Bridge than the man who sold it." ~Will Rogers

[-] 1 points by TheStop (53) 10 years ago

i never said any of that.

[-] 0 points by ScrewyL (809) 10 years ago

said any of what?

[-] 0 points by Doc4the99 (591) from Washington, DC 10 years ago

http://en.wikipedia.org/wiki/Shadow_banking_system

The shadow banking system is the infrastructure and practices which support financial transactions that occur beyond the reach of existing state sanctioned monitoring and regulation. It includes entities such as hedge funds, money market funds and Structured investment vehicles. Investment banks may conduct much of their business in the shadow banking system (SBS), but they are not SBS institutions themselves. The core activities of investment banks are subject to regulation and monitoring by central banks and other government institutions - but it has been common practice for investment banks to conduct many of their transactions in ways that don't show up on their conventional balance sheet accounting and so are not visible to regulators.

The volume of transactions in the shadow banking system grew dramatically after the year 2000. By late 2007 the size of the SBS in the U.S. exceeded $10,000 billion. By late 2009 the SBS had shrunk to under $6,000bn due to increased regulation, changes in business practice, and pressure from investors who in some cases no longer wanted their funds to be used in the shadow banking system.

[-] 1 points by TheStop (53) 10 years ago

good. except this has nothing to do with the original topic. Inflation is a natural thing. Humans will do it. Why would speculators cause inflation what do they get?

[-] 0 points by Doc4the99 (591) from Washington, DC 10 years ago

spoils of the wealth gap

And another turn of the biflationary rack will further kill the buying power of the middle class. Because by now after 2.5 QEs and doing the Twist we have seen that net worth and incomes don't rise despite monetary expansion. Only the price of paper and paper-backed stuff. And that's the stuff of revolutions and geopolitical instability. So it's now down to the very short term

So, it doesn't matter which party is in office, cash will be king during a deflationary collapse... Yeah... I'm guessing that when the price of real estate, farms, bread, crude oil, cattle, & metals all drop to ZERO during the deflationary collapse

thus occupy everything before it's too late

[-] 1 points by TheStop (53) 10 years ago

deflation hurts everyone. having Cash may be good, but if you do you will loose your job. It means their are no buyers.

[-] 0 points by Doc4the99 (591) from Washington, DC 10 years ago

hedging your money with tax dollars. status quo maintained; standard of living decreases for everyone except the .001 percent behind the curtain pulling the strings

[-] 1 points by demcapitalist (977) 10 years ago

Yes but all that speculating was caused by the QE's and the subsequent decline in the dollar. Sure did make those gold bugs happy for a minute.

[-] 1 points by PandoraK (1678) 10 years ago

Yeah, but now we have to explain the futures market to them...

[-] 0 points by Doc4the99 (591) from Washington, DC 10 years ago

deflation before inflation. gold standard bitchez; Time to debase fiat money in 3...2...1...

[-] 0 points by Doc4the99 (591) from Washington, DC 10 years ago

The funny thing is they can't do a damn thing about the reality of the collapsing shadow banking funding that was used in leveraging up the system.

The very existence of the fed is coming into question and so it makes sense that NDAA has the provision of treating any US citizen as a terrorist based on 'trust me' suspicion because it will soon be considered terrorism to expose the flawed financial system for what it is. The genocide has just kicked into another gear.

Desperate and very too little too late.

[-] 0 points by newearthorder (295) 10 years ago

When running a business the costs of day-to-day operations will always rise.

When this happens you have three choices.

  1. Decide it's OK to make less profit.

  2. Lower the wages of your employees.

  3. Raise prices

You could also look for ways to lower the cost of operations, but there's a good chance you have already done that to remain competitive.

[-] 1 points by CatLady2 (248) from New York, NY 10 years ago

In my business ( home remodeling and construction ) we work harder. The bills will always be there when running a business and the last thing we want to do is lay anyone off, or reduce salaries. So we just push harder. You really can't raise the prices too much or the next guy bidding , gets the job.

[-] 1 points by TheStop (53) 10 years ago

Well in business you can't do A because i might end up on the street and all my hard work goes down the drain. B i can't do because i need my employees to stay with me and not go to a knew business. C can't be done in fact i might have to do the opposite of C to make more people buy my product.