Barack Obama: Raise the Federal Minimum Wage automatically with inflation
Last night, President Obama called on Congress to raise the federal minimum wage from $7.25 up to $9.00 an hour, (a 20% hike!) and to automatically raise it to keep up with inflation.
Raising the "Minimum Wage" does...
This is a real-world indicator of the plummeting purchasing power of the U.S. Dollar. Inflation is ravaging your savings by the day. Buy tangible assets now while you still can.
Smokingman gets the credit for researching & collecting this data. Each data point was averaged across at...
“It should not surprise anybody, but it is still astounding. To me, it is so astounding that it does not collapse the markets. [Bernanke] said, ‘We are in very big trouble. We are going to do something unprecedented and we believe it will not hurt the dollar.’ And yet the stocks, they say...
Fed Undertakes QE3 With $40 Billion in MBS Purchases Each Month - Bloomberg
Just over 55 million added to the money supply every hour,while taking bad mortgage loans off the banks books.While it is open ended I am sure it will end some time after 2015 when the FED raises interest rates.
What...
St. Bernanke's Fight Against the Deflation Dragon
One thing for sure, there will be another round of QE about to be launched. Only time will tell if all these QEs were warranted.
St. Bernanke's Fight Against the Deflation Dragon
Its happening right now and it will only get worse. I found these videos from Chris Martenson pretty informative. Check them out!
The Crash Course - Chris Martenson - chapters, Crash Course, Economy, Energy, environment, Peak Oil, videos, what should I do
Apparently CBS has forgotten this is an election year and putting this kind of news out there doesn't do Obama much good.
I don't think this is much of a surprise to most citizens though.
Inflation: Not as low as you think - CBS News
In fact, gas is rather cheap right now. What's happening is that the dollar is tanking and we're paying the price of bad fiscal policy. Looks like we may be headed for that old stagflation, again.
Gasoline Prices Are Not Rising, the Dollar Is Falling - Forbes
This short video makes the case that we should get rid of the penny. Can't say I find anything to disagree with there. It's a useless coin that costs more to manufacture than it's worth and no-one really uses them anymore. While we're at it we can get rid of the dollar bill, too and replace them...
To Hell With What the Fed Says, “Inflation Is Already Here”: Mike Pento
But, isn't that what the Fed is trying to do?????????
Inflate out of this economic doldrum.
To Hell With What the Fed Says,
Just WOW! Former Fed Chairman Greenspan says credit rating means nothing because we can just print money to pay the debt. Treasury Bonds are still great and US in no trouble of default.
http://www.youtube.com/watch?v=q6vi528gseA&feature=youtube_gdata_player
Oh we are in deep doo doo!
No one is talking about what the real rate is, so I pulled out some reciepts from last year and compared them to this year.
I am going to call inflation at 6.5% in a year and I still think I'm low!:xmad:
Sticker Shock - Yahoo! News
If we using the inflation measures used in the '70's when the "misery index" was first coined, inflation would be about 10%, not the under 3% claimed by the the Fed.
OK, I went to Wendy's yesterday and got my favorite - a doublestack with mustard and cheese. It was no longer on the $.99 value menu, although their webpage shows it as $.99. I believe it was $1.19. To add insult, it seemed considerably smaller than usual.
Everyday Value Menu - Wendy's
OK...
The current US debt is at 14 trillion ( 14,189,804,655,496.46 to be exact as of yesterday). U.S. National Debt Clock
Saw this article today about the FORBES list of billionaries in the world.
Bill Gates Comes in at No. 2 on Forbes Rich List
We don't have any trillions BTW (yet) in the world...
This was shared with me from a person that is way over my pay grade and has 1,000 employees he is responsible for......He sees the rising stock prices as a side effect of the falling dollar. Our investments are cheaper to overseas investors and they are getting bargins.
Money is flowing from...