life is getting way too expensive

[Fungus Gnat]

quantitative easing = print lots of money = more money chasing fewer goods and services = inflation.

Unlikely since they're Aussie's. The federal reserve isn't doing QE because they want to, they're doing it to prevent deflation.

and we dont teach our kids to save either.. My folks had me open a savings act when I was 13 since I was getting paid.. 50% to savings.. I didn't have a choice... had a nice little savings when I moved out at 18.. able to get all my house furnishings I needed.. and pay rent for a good few mo's too..

Why save if interest rates are below inflation? Wouldn't teaching them to adjust as the situation presents itself be better?

A decade old but I doubt things have improved
http://www.fiscalpolicy.org/MinimumWageGraphs.pdf

 

[curious2garden]

I am not as convinced that "resources running scarce" is the hinge. They just "found" an oilfield in Australia that apparently outdoes Saudi. What was it doing, hiding?? I think the people are being fleeced by a plutarchy that never stopped reaching into the cookie jar. This sort of unchecked inequality (illustrated by the undeclared inflation this thread discusses) is just the sort of trend that eventually sparked revolutions. The plutarchy, this time, has emarkably powerful tools for gathering and processing information; one could argue that they see it coming. i am living in a colossal laboratory of human nature: what will win, instinct or foresight? Shame the stakes are so very high.

The signs suggest that a hard winter approacheth for those with eyes to see and ears to hear.

Meh...

Shit's getting expensive, sure, but remember when your grandparents used to bitch about being able to get a candy bar for a nickle?

You're just getting older dude.

For .25 I could get a bottle of Dr. Pepper, a toy, and a candy, life was sweet. It would take me most of the morning collecting bottles to do it, that was the less sweet part.

wondering what you consider old.. I use to get penny candy.. I am a grandparent tho and I do like to complain..

It's so funny we all feel so old and yet there are older laughing and thinking when I was 'their' age HA! How funny life is and how seriously we take it. I wonder if that makes a difference?

 

[superjoint]

Anyone heard of Nikola Tesla,all this shit was and is preventable,his idea was basically free wireless energy,if you havent heard of him thank the big corporations for that ,most of the same people who came up with the federal reserve,which is not federal ,also killed Tesla's ideas,even Edison was in on he shit,cause he wanted the fame of inventing alternating current,keep spending those "dollars"!!!!!!!
**and yes he made it work,think of the posibllites with free wireless energy

 

[curious2garden]

Unlikely since they're Aussie's.

Thank you, I missed that.

 

[curious2garden]

Anyone heard of Nikola Tesla,all this shit was and is preventable,his idea was basically free wireless energy,if you havent heard of him thank the big corporations for that ,most of the same people who came up with the federal reserve,which is not federal ,also killed Tesla's ideas,even Edison was in on he shit,cause he wanted the fame of inventing alternating current,keep spending those "dollars"!!!!!!!

Alex, Alex Jones? Is that you?

 

[GreenSummit]

I'll show you some pictures when I get back from rural China. Then you can tell me again how hard life is.

i was thinking the same about mexico, well said

 

[theexpress]

i was thinking the same about mexico, well said

I was thinking the same about Detroit

 

[ClaytonBigsby]

I have been following the Swiss Franc this last year as a safe conversion of cash before US devaluation. It is currently at $.88. A year ago it was at $.98. The Germans are taking their gold back from the US. The BRICS countries are trying to get off the USD.

 

[ClaytonBigsby]

The US gov't spent a billion dollars in food research. Not to make it better, but to understand how it affects humans. There is a reason only 4 corporations make the vast majority of food now in the US (50 years ago that would have been called a monopoly). They want us too fat to fight and too satiated to want to.

Hold on, there is a big white van pulling up out front. I'll be right back

 

[theexpress]

The US gov't spent a billion dollars in food research. Not to make it better, but to understand how it affects humans. There is a reason only 4 corporations make the vast majority of food now in the US (50 years ago that would have been called a monopoly). They want us too fat to fight and too satiated to want to.

Hold on, there is a big white van pulling up out front. I'll be right back

its mcdonalds and burger king ... there coming to see you about ur last post ....

Ronald McDonald don't take no shit from nobody

 

[superjoint]

The same with media,only a few control it,most people believe it

 

[theexpress]

I said he don't take shit from nobody god dammit!!!

 

[superjoint]

The elite(j.p morgan and friends) are the ones that took control of our gold ,came up with this paper money bullshit aka "federal reserve",creation of the IRS,then followed by great depression, hmm... not a coincidence is it?its not that difficult to see if you just look...
Alex who????

 

[cannabineer]

We're all just fancier slaves to the old money of the world. Power, greed, and corruption drive the few at the top.

America is being drained by the elite do as we say, not as we do bastards. It's ALL fixed now and CN said it best, they need to know exactly what we are doing and thinking so they can be ready to quash us. There will be no Arab spring here.

Almost half of Americans are on some type of gov't subsidy. Who's paying for that? That number is growing every day; think of it like a scale. Housing is a house of cards. Banks are getting ready for round 2 of the bubble when all of the equity loans start converting from interest only payments to principle+interest payments. Many of those loans were adjustable rate and are tripling (or more). There will be another huge bailout on our tax backs, more foreclosures, and another 20-30% drop in home values. Prices are skyrocketing while wages are stagnant. Taxes will increase to cover all of the freeloaders who appreciate nothing and demand more. Infrastructure is falling apart and we stopped spending on it to provide for those on social services. It is not partisan politics, it's the ultra wealthy vs the poor. As long as they can keep people mad at each other over political talking points designed for that purpose, they will put us further into the box. You fools!

Detroit was approved by the courts to proceed with their bankruptcy last week. Why no one brought it up here, is why we are all doomed. That opened the door for every city to file and cut pensions and loan repayment to pennies on the dollar. That hurts EVERYONE because there is no money for those people to spend to keep the economy going. There is so much more going on.


That RIU island is actually not a bad thought.

I am just regurgitating something from another RIUnian whose very sharp mind leaves me in awe.

 

[ClaytonBigsby]

I am just regurgitating something from another RIUnian whose very sharp mind leaves me in awe.

Are you talking about me????








Do you think I'm pretty?!?!?!?!?!?!?

 

[curious2garden]

I have been following the Swiss Franc this last year as a safe conversion of cash before US devaluation. It is currently at $.88. A year ago it was at $.98. The Germans are taking their gold back from the US. The BRICS countries are trying to get off the USD.

Babe unless you know a way to buy currency on Mars I think we are all screwed. This is one world government time. Meet the borg. We are facing a world ..... oh I can't say this...... never mind.

 

[kinetic]

Just chiming in on the op's original post. Seems absurd to purchase a 300k $ house when you earn 100K a year. That entire mindset is apart of the problem. Why purchase at the top of your budget? Why not purchase less and add your own character, ideas and blood and sweat into it? Have cash for a rainy day, flip the house in years for a profit and live comfortably. Guess that's just crazy talk.

 

[I2icho]

Just chiming in on the op's original post. Seems absurd to purchase a 300k $ house when you earn 100K a year. That entire mindset is apart of the problem. Why purchase at the top of your budget? Why not purchase less and add your own character, ideas and blood and sweat into it? Have cash for a rainy day, flip the house in years for a profit and live comfortably. Guess that's just crazy talk.

Mate I guess you're in America where you can buy a house for 50k . In Australia the median house price is now over 400k.
You can't buy a house for under 300k unless you want to live in the remote country 300kms to the nearest town.

Even renting in aus is min 300-400 per week(and thats for a shit box) which is basically the same cost as our mortgage.

Definitely not living above our means. If I could buy a house for 50k I would of.

Good day

 

[Balzac89]

Saving has become irrelevant in todays society. There is no reason to save cash. They want you to spend it to keep the economy going. Over consumption.

Now saying that I do however invest cash in hard assets.

 

[Balzac89]

Just chiming in on the op's original post. Seems absurd to purchase a 300k $ house when you earn 100K a year. That entire mindset is apart of the problem. Why purchase at the top of your budget? Why not purchase less and add your own character, ideas and blood and sweat into it? Have cash for a rainy day, flip the house in years for a profit and live comfortably. Guess that's just crazy talk.

IT's the a dream to live pay check to pay check or to over extend yourself with credit cards.