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Than When Obama Took Office:
Year______Total Net Worth
2009-01-01 $49523.62 <--- Obama Takes Office
2009-04-01 50625.60
2009-07-01 53360.65
2009-10-01 54239.35
2010-01-01 55465.57
2010-04-01 54203.25
2010-07-01 55360.19
2010-10-01 57788.52
2011-01-01 58873.09
2011-04-01 $58730.14 <---- Most Recent Data
Difference = $9.2 Trillion.
Source: http://research.stlouisfed.org/fred2/data/TNWBSHNO.txt
The federal reserve is like a hidden tax, making the dollar decline and causing inflation. Because of the federal reserve, jobs are lost, houses loses value,growth stops, businesses goes bankrupt, groceries becomes more expensive.
US probobaly has one of the highest tax rates in the world(on paper it is low), but most of it is "hidden" by the federal reserve printing money.
The federal reserve printed money to prevent deflation.
Homes going down in value is deflation.
The federal reserve is like a hidden tax, making the dollar decline and causing inflation. Because of the federal reserve, jobs are lost, houses loses value,growth stops, businesses goes bankrupt, groceries becomes more expensive.
US probobaly has one of the highest tax rates in the world(on paper it is low), but most of it is "hidden" by the federal reserve printing money.
The federal reserve printed money to prevent deflation.
Homes going down in value is deflation.
Printing money out of your ass creates inflation D..A.. Our food prices are high enough, have your boys quit messing with things they know nothing about.
The federal reserve printed money to prevent deflation.
Homes going down in value is deflation.
Printing money out of your ass creates inflation D..A.. Our food prices are high enough, have your boys quit messing with things they know nothing about.
actually inflation's low, despite what you say is the Fed printing money.
If what the Fed is doing causes inflation, shouldn't there be inflation?
Printing money out of your ass creates inflation D..A.. Our food prices are high enough, have your boys quit messing with things they know nothing about.
actually inflation's low, despite what you say is the Fed printing money.
If what the Fed is doing causes inflation, shouldn't there be inflation?
Inflation is always and everywhere a monetary phenomenon. -Milton Friedman.
.
The federal reserve printed money to prevent deflation.
Homes going down in value is deflation.
Printing money out of your ass creates inflation D..A.. Our food prices are high enough, have your boys quit messing with things they know nothing about.
actually inflation's low, despite what you say is the Fed printing money.
If what the Fed is doing causes inflation, shouldn't there be inflation?
You are a dolt and ignoramus of the first order. Go away.actually inflation's low, despite what you say is the Fed printing money.
If what the Fed is doing causes inflation, shouldn't there be inflation?
Inflation is always and everywhere a monetary phenomenon. -Milton Friedman.
.
Just because one might accept Milt's theorem (I don't) doesn't mean that printing money always creates inflation.
Milt understood that quite well. you, apparently, do not. Milt understood Maynard's theory of liquidity preference. You apparently do not.
Do you actually know what the hell the Fed is doing? They are printing money out of thin air and using that money to buy back money they already printed that WAS BAD IN THE FIRST PLACE!
Do you understand? It's called moneterizing the debt and something the Fed CLAIMED they'd never do, but they are. They are buying bad debt and US Treasury Bonds...buying back our OWN MONEY...using funny money. That is what QE1 and QE2 are. Quantitative Easing is an INSANE concept!
Even in the world of unsecured reserves, and made up economies, when you print money faster than your economy is expanding...you are INFLATING the money. And the practice of buying back money by printing money is what led to hyperinflation and a loaf of bread costing 1 BILLION German Weimarks in the 20's...just before Hitler came to power!
The Fed is printing money (2.1 TRILLION at a pop) to buy US Treasury bonds and BAD DEBT. That's a rate equal to about 15% of our GDP. The economy grew at a rate of 1.1% last quarter and has not been over 2% in 3 years. The numbers do NOT add up!
And now....NOW they are proposing QE3 even though 1 and 2 didn't work?!
Folks...we are in DEEP DO. If we do not get the Fed and this out of control spending by the federal government under control soon, this country will slip into a depression that makes the so called "Great Depression" look like a minor set back!
How much do you pay for a gallon of milk? How much for a loaf of bread? How much were you paying in 2008? How about your electric bill, how much has THAT gone up in the last 2 years?Again... If what the Fed is doing causes inflation... why isn't it causing inflation?
How much do you pay for a gallon of milk? How much for a loaf of bread? How much were you paying in 2008? How about your electric bill, how much has THAT gone up in the last 2 years?Again... If what the Fed is doing causes inflation... why isn't it causing inflation?
The TRUE inflation rate in this country is disguised by the fuzzy math of government statistics...but it IS THERE!
Consumer goods TOTAL are up by an average of 6.6% since 2010 and things like food and clothing are up as much as 20% in some cases. That's in an economy that's growing LESS than 2% per year, average over the last 3 years.
GOVERNMENT APPROVED inflation numbers are being held down ARTIFICIALLY because of things like the price of durable goods, that are the government's bell weather for inflation, which companies are holding down by cutting into their margins and stockpiling cash...TRYING TO SURVIVE!
And there are DOZENS of other examples of the same kind of statistical anomalies that are contributing to the fuzzy math inflation calculations.
ANY inflation calculation that doesn't include REAL prices for energy, food and housing but instead some MADE UP aggregate index figure...is NOT REAL!
American bank accounts ARE!
Now you can refuse to accept it, but it won't stem that drip, drip, drip that's draining American's bank accounts and it certifiably will not help to bring an out of control government that has amassed a debt that is equal to the total GDP of this country and is spending at a rate of 3.2 TRILLION DOLLARS A YEAR and bringing in 1.2 trillion a year back to reality!
This fuzzy math INSANITY has got to stop!
Man, I'm not making those numbers up. If you REALLY care...do a little research on your own....beyond some blog or the headlines of the drive by media. There are a LOT of official resources that you can access on line where you can find the figures for tracking everything from durable goods to the price of milk. USE THEM and quit trusting the FOOLS who have driven this economy into the ditch!So you reject the official numbers, but won't submit any proof of your own?
All I can say is that inflation is a GENERAL rise in prices, which is supposed to reflect an objective, mathematical approach. Not a subjective feeling that the price of milk is going up.
My own impression is that the price of some things has gone up, the price of others has gone down. The fact that you feel differently isn't proof of anything. There's a reason they use numbers rather than feelings.