You are a government shill, under the nick of bye (87770), and not a one thing that I said is a lie, and I am clearly not interested in having a conversation on your terms, so don't bother.
Here are my terms, here are numbers and they speak for themselves about the levels of inflation of the USD and the prices that are going up due to it:
sugar Dec 2003: 20.40 cents/pound, Apr 2011: 36.97 cents/pound, price up by over 81% Beef Dec 2003: 105.40 cents/pound, Apr 2011: 193.00 cents/pound, price up by over 83% Barley Dec 2003: 100.77 USD/Metric Ton, Apr 2011: 208.70 USD/Metric Ton, price up by over 107% Rice Dec 2003: 197.00 USD/Metric Ton, Apr 2011: 500.57 USD/Metric Ton, price up by over 154% Cocoa Beans Dec 2003: 1,646.58 USD/Metric Ton, Apr 2011: 3,113.52 USD/Metric Ton, price up by over 89% Tea Dec 2003: 205.22 cents/KG, Apr 2011: 325.33 cents/KG, price up by over 58% Rubber Dec 2003: 57.31cents/pound, Apr 2011: 265.49cents/pound, price up by over 363% Corn Dec 2003: 111.98 USD/Metric Ton, Apr 2011: 318.45 USD/Metric Ton, price up by over 184% Bananas Dec 2003: 371.43 USD/Metric Ton, Apr 2011: 1,013.47 USD/Metric Ton, price up by over 172% Propane Dec 2003: 0.63 USD/Gallon, Apr 2011: 1.45 USD/Gallon, price up by over 130% Wheat Dec 2003: 165.57 USD/Metric Ton, Apr 2011: 336.30 USD/Metric Ton, price up by over 103% Oranges Dec 2003: 583.00 USD/Metric Ton, Apr 2011: 881.00 USD/Metric Ton, price up by over 51% Salmon Dec 2003: 3.12 USD/Kg, Apr 2011: 7.86 USD/Kg, price up by over 151% Chicken Dec 2003: 68.98 cents/pound, Apr 2011: 86.42 cents/pound, price up by over 25% Pork Dec 2003: 48.68 cents/pound, Apr 2011: 92.06 cents/pound, price up by over 89% Silver Dec 2003: 565.33 cents/Troy ounce, Apr 2011: 4,279.79 cents/Troy ounce, price up by over 657% Alluminum Dec 2003: 1,557.78 USD/Metric Ton, Apr 2011: 2,667.44 USD/Metric Ton, price up by over 71% Uranium Dec 2003: 13.35 USD/pound, Apr 2011: 57.84 USD/pound, price up by over 333% Iron Ore Dec 2003: 13.82 cents/dry Metric Ton, Apr 2011L: 179.26 cents/dry Metric Ton, price up by over 1197% (yeah, almost 1200%) Gasoline Dec 2003: 0.89 USD/Gallon, Apr 2011: 3.18 USD/Gallon, price up by over 257%
Well, since you are a government shill, I am not really surprised to see you in yet another thread of mine, but you are wrong here just as well.
I am not talking about Nobel prize winners or anything of the sort. I am clearly talking about public schools, which are overpriced in USA today, which is on the brink of economic disaster of unimaginable magnitude, all due to its government driven economic policies that destroy the free market competition.
1979 was when they introduced the DOE, but 1965 was when the passed the SS act as well as Medicare, and that was an implicit way to collect more general taxes for the government programs, whatever they are, (not for the benefit of SS or Medicare funds, which never existed and are ponzi schemes.)
US students did not have to go into tens and hundreds of thousands of dollars of debt and they were getting an actual education, which was quite worth while, and this has nothing to do with any immigrants, who incidentally came to the USA not because of any government programs, but DESPITE those very programs.
Immigrants came to the USA for the FREEDOMS FROM the government, not looking for government handouts, so while in your warped twisted mind of a shill, you assign the success of USA to the government, the reality is that all the government is killing USA by killing its economy, and people are leaving the country today for the same reason so many came into USA in the first place - there is no economic freedom in USA anymore.
The fact that USA has no economic freedom due to all of the business regulations, has ridiculously high taxes, ridiculous barriers to entry, which are impossible to overcome to become a competitor to government sponsored monopolies, that and printing and borrowing and more printing of money - inflationary fiscal policy, which leads to the increases in prices for all commodities and eventually products around the world, (until the world stops using USD completely and stops buying US bonds), that policy leads to destruction of US market, destruction of US school system as well, as it is no longer necessary.
Who needs schools in USA? Why bother? US worker is the last worker in the world in terms of attractiveness to a potential employer.
Here are some numbers, which show how impossible it is to have capital savings in fiat currencies (in this case USD) given the government destruction of it
sugar Dec 2003: 20.40 cents/pound, Apr 2011: 36.97 cents/pound, price up by over 81% Beef Dec 2003: 105.40 cents/pound, Apr 2011: 193.00 cents/pound, price up by over 83% Barley Dec 2003: 100.77 USD/Metric Ton, Apr 2011: 208.70 USD/Metric Ton, price up by over 107% Rice Dec 2003: 197.00 USD/Metric Ton, Apr 2011: 500.57 USD/Metric Ton, price up by over 154% Cocoa Beans Dec 2003: 1,646.58 USD/Metric Ton, Apr 2011: 3,113.52 USD/Metric Ton, price up by over 89% Tea Dec 2003: 205.22 cents/KG, Apr 2011: 325.33 cents/KG, price up by over 58% Rubber Dec 2003: 57.31cents/pound, Apr 2011: 265.49cents/pound, price up by over 363% Corn Dec 2003: 111.98 USD/Metric Ton, Apr 2011: 318.45 USD/Metric Ton, price up by over 184% Bananas Dec 2003: 371.43 USD/Metric Ton, Apr 2011: 1,013.47 USD/Metric Ton,
So here goes the idiot shill under the nick of bye (87770), once again, pretending not to understand what is written, but as we know, those, whose job/position/income depends on not understanding things will not understand them, but here we are also dealing with an unprecedented levels of stupidity, idiocy and outright lies, by a shill.
The fact that wheat has only increased by a mere 103% since 2003, while cocoa beans or silver or iron ore or coffee or sugar, etc.etc., have seen much stronger gains do nothing for this shill, who is pushing the agenda that money printing by the government is not causing the increased demand in dollars for the same goods, thus pushing prices in US dollars up, while the ratio between gold and those commodities has much less volatility, and can be in fact explained by fundamental reasons.
Again and again it is clear that the shill under the nick of bye (87770) will refuse to accepts simple facts - numbers, but regardless of his idiocy and stupidity and magnitude ignorance, here are the numbers that clearly show where the prices are going in USD, and since gold went up in USD from about 350 to about 1500, we can see that in real terms the prices are really FALLING in the recessionary environment, and really in the depression, so today in GOLD the prices for things that are increasing in dollar terms are falling terms of gold, or in silver prices, so for example a gallon of gas today costs only 10 cents US - but those 10 cents US must be the real SILVER coin, minted prior to 1965 in USA, and the price of that 10 cent coin is 4 USD today - inflation via money printing.
sugar Dec 2003: 20.40 cents/pound, Apr 2011: 36.97 cents/pound, price up by over 81% Beef Dec 2003: 105.40 cents/pound, Apr 2011: 193.00 cents/pound, price up by over 83% Barley Dec 2003: 100.77 USD/Metric Ton, Apr 2011: 208.70 USD/Metric Ton, price up by over 107% Rice Dec 2003: 197.00 USD/Metric Ton, Apr 2011: 500.57 USD/Metric Ton, price up by over 154% Cocoa Beans Dec 2003: 1,646.58 USD/Metric Ton, Apr 2011: 3,113.52 USD/Metric Ton, price up by over 89% Tea Dec 2003: 205.22 cents/KG, Apr 2011: 325.33 cents/KG, price up by over 58% Rubber Dec 2003: 57.31cents/pound, Apr 2011: 265.49cents/pound, price up by over 363% Corn Dec 2003: 111.98 USD/Metric Ton, Apr 2011: 318.45 USD/Metric Ton, price up by over 184% Bananas Dec 2003: 371.43 USD/Metric Ton, Apr 2011: 1,013.47 USD/Metric Ton, price up by over 172% Propane Dec 2003: 0.63 USD/Gallon, Apr 2011: 1.45 USD/Gallon, price up by over 130% Wheat Dec 2003: 165.57 USD/Metric Ton, Apr 2011: 336.30 USD/Metric Ton, price up by over 103% Oranges Dec 2003: 583.00 USD/Metric Ton, Apr 2011: 881.00 USD/Metric Ton, price up by over 51% Salmon Dec 2003: 3.12 USD/Kg, Apr 2011: 7.86 USD/Kg, price up by over 151%
Yet another pointless drivel, written by the idiot shill under the nick of bye (87770).
There are always floods and droughts and fires and everything pests etc., and everything goes wrong, and yet the prices for commodities have these things included into the market prices, it is nothing new. You are the shill, thus you are pushing government agenda, that these are extraordinary circumstances, similar to what the Communists of USSR were pushing in their newspapers, such as Pravda.
You are the idiot, thus you can't understand this simple truth - the entire world is not flooded and it's not burning and it's not dying from pests, yet prices for all commodities are on average over 80% higher today, than they were in 2003, and this includes metals and this includes energy, and this includes cotton and wool and skins and food and paper and whatever you can come up with.
The wheat exporters in Russia have suffered from the idiocy of the Russian PM Putin, but this did not do much to the world prices of wheat, as Canadian and US and Chinese and European wheat producers have covered this "deficit".
So you are the stupid, idiotic, lying shill, who will keep pushing forward the government agenda regardless of these simple facts:
sugar Dec 2003: 20.40 cents/pound, Apr 2011: 36.97 cents/pound, price up by over 81% Beef Dec 2003: 105.40 cents/pound, Apr 2011: 193.00 cents/pound, price up by over 83% Barley Dec 2003: 100.77 USD/Metric Ton, Apr 2011: 208.70 USD/Metric Ton, price up by over 107% Rice Dec 2003: 197.00 USD/Metric Ton, Apr 2011: 500.57 USD/Metric Ton, price up by over 154% Cocoa Beans Dec 2003: 1,646.58 USD/Metric Ton, Apr 2011: 3,113.52 USD/Metric Ton, price up by over 89% Tea Dec 2003: 205.22 cents/KG, Apr 2011: 325.33 cents/KG, price up by over 58% Rubber Dec 2003: 57.31cents/pound, Apr 2011: 265.49cents/pound, price up by over 363% Corn Dec 2003: 111.98 USD/Metric Ton, Apr 2011: 318.45 USD/Metric Ton, price up by over 184% Bananas Dec 2003: 371.43 USD/Metric Ton, Apr 2011: 1,013.47 USD/Metric Ton, price up by over 172% Propane Dec 2003: 0.63 USD/Gallon, Apr 2011: 1.45 USD/Gallon, price up by over 130% Wheat Dec 2003: 165.57 USD/Metric Ton, Apr 2011: 336.30 USD/Metric Ton, price up by over 103% Oranges Dec 2003: 583.00 USD/Metric Ton, Apr 2011: 881.00 USD/Metric Ton, price up by over 51% Salmon Dec 2003: 3.12 USD/Kg, Apr 2011: 7.86 USD/Kg, price up by over 151% Chicken Dec 2003: 68.98 cents/pound, Apr 2011: 86.42 cents/pound, price up by over 25% Pork Dec 2003: 48.68 cents/pound, Apr 2011: 92.06 cents/pound, price up by over 89%
As opposed to fixing car's body, which incidentally also serves as a battery, or fixing wheels, which also serve as the engine?
Actually there would be nothing to fix in that scenario, the reactor would have to be self contained and likely not user serviceable, while what it actually is, is just some hot material, and whatever method of energy extraction, be it a closed circuit water pump or a thermo-couple or something else, with a battery like interface and some instrumentation gauge interface to an on-board computer.
The real solution is to make the public schools so good that almost no one feels tempted to go private. Both India and America have problems getting there, but I think it's possible.
- cannot be done by government. Look, in US they spend between 7K and 20K a year per student at a secondary school, and the results are.... not cataclysmic, but shall I say - not very encouraging. The government can spend pretty much every single last dollar you throw at it and then turn around and ask for more, because just a little more will do the job, can we agree on that?
So given that - what's the mechanism, by which a public school system can ever become as efficient and 'good', as a bunch of competing private schools, each trying to outdo the other just to make more profit?
Making profit is the key incentive, it always was and always will be. What I am saying is that without making profit, people have very little incentive to go on to bother to do anything extra, to go and risk trying new ideas, trying to improve efficiency to get more business, by somehow figuring out a way to provide more product, while incurring less cost to the business.
No, the problem in India is that it is still a country where economy is in abysmal state, and the way to fix it is to have those rich parents send their rich kids to those rich schools, so that those rich kids can get out of those rich schools and improve the economy by running their hopefully rich businesses, by increasing the productive output of the country, so that the overall wealth (products/services) is increased, the means of distributing the wealth (price to end users) is decreased, the choices are increased, there is more reason for others to invest into the economy, which would require more educated people to enter the work force, and this would really provide an opportunity to the poor to have more wealth and possibilities.
Until the society produces enough wealth, there will be no use of the poor kids in those rich schools, on average they will only drag down the education of the rich kids and will decrease overall efficiency of the system.
It's bad for those there, who are poor today, but unfortunately it's not magic, it will be bad before it becomes better, and government involvement only makes it worse.
At some point I expect people to start using nuclear to run airplanes, then trucks and buses and then eventually cars, as the costs of not doing it will be getting higher and higher compared to costs of using such devices. Whatever objections we may have today, will have to give way to the economic realities that are coming in the future, of growing populations, desire to own vehicles and ability of the manufacturers to sell those vehicles, in the market, which will demand less and less pollution, increased energy efficiencies, etc.
It is difficult to push that right now, but let's see what happens 5 years from now, as USA will have its currency and economy destroyed, maybe that's going to be the catalyst for US to start new types of development, to get back into the world economy.
More of the idiocy, by the shill, with the nick bye (87770), who is again, proving to be more idiotic than anticipated. The anticipation of idiocy needs to be pushed beyond normal boundaries.
Ukraine and Russia used to be 'bred baskets' of Europe, and then Communists came to power, USSR was created, and for the next 75 years, the production stalled, as the droughts and fires and floods and all sorts of cataclysmic events were blamed for this, while the reality was very simple - there was no incentive to produce, since the money was fake. They had 'record' droughts, 'record' fires and 'record' floods every time they had to justify yet another economic failure, but in the newspapers, such as 'Pravda' ('Truth'), they were always fighting the 'evil' capitalism and 'winning' those fights.
More shilling of pro-government propaganda and excuses by the idiot.
here is another government failure to understand, that it must not be involved in the market.
Nothing good will come out of this limited Indian version of 'no child left behind', as those children, who can actually benefit and can attend the private schools are now suffering the reduced pace of education, due to the unfortunate kids, who don't even know what 'purple' color is (read TFA), and the richer kids will not get as far ahead as they otherwise could, which would slow down Indian economy, not letting the future economy to increase the wealth of the country enough, that it would pull the poorest up with it as well (as it worked for USA in 19 century, when the overall increase of wealth caused everybody's standard of living to climb higher).
There is no shortcut. You cannot just have a country so poor on education, that is still burning witches, all getting advanced education all of a sudden, it's not going to happen. All you end up doing is dragging those, who can achieve more down, to a lower level, and it's bad for your overall economy of the future, and will slow down the eventual exit from the 'witch' burning society.
As usual, a government tries to do something, and causes more of the exact thing, it's trying to get away from.
Why? A small nuclear reactor would be much safer than a tank of gas for example, as small nuclear reactors are only based on decay of the non-fissionable elements. Containing small amounts of nuclear material inside a metal box is not really that complicated, and it does not explode on impact for example.
More idiotic stuff from bye (87770), as the droughts and fires and floods, and hurricanes, etc., have always been a problem for production, the commodities have these fluctuations priced in, without having to hit any particular problem, the actual prices for all commodities have been steadily rising for decades only due to inflation.
The poor excuse for an idiot, the shill, who goes under the snick 'bye', can't understand that in the world where the legitimate demand is increasing, the supply is also increasing to meet the demand, because increase in demand literally means increase in amount of money chasing the supplies.
The idiot shill, under then nick of 'bye', doesn't seem a bit surprised, that the numbers are showing an increase of price for every commodity priced in USD, but in real money, the prices are holding steady enough, with slight variations, which actually do, reflect the legitimate changes in supply/demand, thus priced in gold, cotton did not move in real price since 2003, but priced in gold it is now over 4 times as expensive.
But shills have their agenda, and when they are idiots, they can't even make an argument that is difficult to rebut. Of-course they are not chasing arguments for the sake of truth, they are chasing arguments to create uncertainty in the message.
There is no uncertainty, here are the numbers once more.
sugar Dec 2003: 20.40 cents/pound, Apr 2011: 36.97 cents/pound, price up by over 81%
Beef Dec 2003: 105.40 cents/pound, Apr 2011: 193.00 cents/pound, price up by over 83%
Barley Dec 2003: 100.77 USD/Metric Ton, Apr 2011: 208.70 USD/Metric Ton, price up by over 107%
Rice Dec 2003: 197.00 USD/Metric Ton, Apr 2011: 500.57 USD/Metric Ton, price up by over 154%
Cocoa Beans Dec 2003: 1,646.58 USD/Metric Ton, Apr 2011: 3,113.52 USD/Metric Ton, price up by over 89%
Tea Dec 2003: 205.22 cents/KG, Apr 2011: 325.33 cents/KG, price up by over 58%
Rubber Dec 2003: 57.31cents/pound, Apr 2011: 265.49cents/pound, price up by over 363%
Corn Dec 2003: 111.98 USD/Metric Ton, Apr 2011: 318.45 USD/Metric Ton, price up by over 184%
Bananas Dec 2003: 371.43 USD/Metric Ton, Apr 2011: 1,013.47 USD/Metric Ton, price up by over 172%
Propane Dec 2003: 0.63 USD/Gallon, Apr 2011: 1.45 USD/Gallon, price up by over 130%
Wheat Dec 2003: 165.57 USD/Metric Ton, Apr 2011: 336.30 USD/Metric Ton, price up by over 103%
Oranges Dec 2003: 583.00 USD/Metric Ton, Apr 2011: 881.00 USD/Metric Ton, price up by over 51%
Salmon Dec 2003: 3.12 USD/Kg, Apr 2011: 7.86 USD/Kg, price up by over 151%
Chicken Dec 2003: 68.98 cents/pound, Apr 2011: 86.42 cents/pound, price up by over 25%
Fox New is anti government? On which planet? Fox News quite pro-government, as long as its their preferred government.
shortages of supply in commodities? On which planet? Not on this one, which is producing more and more of all those things, but with the government printing presses, the number of US dollars that are chasing even the increasing productive capacity grows much faster than those resources, since they don't even have to cut the trees down to add zeros to their Fed account on a computer.
Shills are not as smart as I expected them to be, they are proving to be quite idiotic.
Combine these capacitors in body together with the motor in wheel thing, and you'll get that much closer to a car, that you can't fix without replacing too many functional parts, when all you needed to do was to replace wheels (how about winter?) and do some body work after a minor accident, so at some point the most economic thing will be just to toss the car away and get a new one.
Is that where they are going with this?
How about stopping with all this nonsense with the batteries and working on nuclear engines instead?
That's the first sliver of truth in your long series of lies - and it promptly contradicts your earlier position - you did not realize that, right?:-)
- and you are a shill, but also you are stupid.
So how is it, to be so stupid? My position is what you don't understand, because you are stupid. What, you, dumbass, don't get, is that the prices for houses must be falling, because they were in a huge bubble, created by the government, but since you are stupid, you didn't notice that.
So since you are so dumb, you don't understand that government bail outs and printing of the money is specifically designed to prop up the housing market by propping up all of the failed lending institutions, but you are stupid, so you don't see that the money that is being printed to hold prices up in the housing market, are the inflation, which causes the prices for everything else to rise in USD, so that the housing prices fall in real terms, while staying up in nominal value.
But you are stupid, so stupidity in your dumb head does not allow you to understand this, also you are a shill, which combined with the fact that you are an idiot, makes a potent combination, ripe for various discussions of your stupidity on/.
Because you are so stupid, you will keep coming here for more abuse, which shows that you are even more stupid than originally indicated.
I have something for you, I compiled for myself, and I'll use here as an example of why it is wrong to allow government to inflate money supply (print fiat without having any backing by something valuable, like gold or at least real production, and government has proven enough times that it does not calculate production correctly, so it has to be commodities or monetary metals)
sugar Dec 2003: 20.40 cents/pound, Apr 2011: 36.97 cents/pound, price up by over 81%
Beef Dec 2003: 105.40 cents/pound, Apr 2011: 193.00 cents/pound, price up by over 83%
Barley Dec 2003: 100.77 USD/Metric Ton, Apr 2011: 208.70 USD/Metric Ton, price up by over 107%
Rice Dec 2003: 197.00 USD/Metric Ton, Apr 2011: 500.57 USD/Metric Ton, price up by over 154%
Cocoa Beans Dec 2003: 1,646.58 USD/Metric Ton, Apr 2011: 3,113.52 USD/Metric Ton, price up by over 89%
Tea Dec 2003: 205.22 cents/KG, Apr 2011: 325.33 cents/KG, price up by over 58%
Rubber Dec 2003: 57.31cents/pound, Apr 2011: 265.49cents/pound, price up by over 363%
Corn Dec 2003: 111.98 USD/Metric Ton, Apr 2011: 318.45 USD/Metric Ton, price up by over 184%
Bananas Dec 2003: 371.43 USD/Metric Ton, Apr 2011: 1,013.47 USD/Metric Ton, price up by over 172%
Propane Dec 2003: 0.63 USD/Gallon, Apr 2011: 1.45 USD/Gallon, price up by over 130%
Wheat Dec 2003: 165.57 USD/Metric Ton, Apr 2011: 336.30 USD/Metric Ton, price up by over 103%
Oranges Dec 2003: 583.00 USD/Metric Ton, Apr 2011: 881.00 USD/Metric Ton, price up by over 51%
Salmon Dec 2003: 3.12 USD/Kg, Apr 2011: 7.86 USD/Kg, price up by over 151%
Chicken Dec 2003: 68.98 cents/pound, Apr 2011: 86.42 cents/pound, price up by over 25%
Pork Dec 2003: 48.68 cents/pound, Apr 2011: 92.06 cents/pound, price up by over 89%
Silver Dec 2003: 565.33 cents/Troy ounce, Apr 2011: 4,279.79 cents/Troy ounce, price up by over 657%
Alluminum Dec 2003: 1,557.78 USD/Metric Ton, Apr 2011: 2,667.44 USD/Metric Ton, price up by over 71%
Uranium Dec 2003: 13.35 USD/pound, Apr 2011: 57.84 USD/pound, price up by over 333%
Iron Ore Dec 2003: 13.82 cents/dry Metric Ton, Apr 2011L: 179.26 cents/dry Metric Ton, price up by over 1197% (yeah, almost 1200%)
sugar Dec 2003: 20.40 cents/pound, Apr 2011: 36.97 cents/pound, price up by over 81%
Beef Dec 2003: 105.40 cents/pound, Apr 2011: 193.00 cents/pound, price up by over 83%
Barley Dec 2003: 100.77 USD/Metric Ton, Apr 2011: 208.70 USD/Metric Ton, price up by over 107%
Rice Dec 2003: 197.00 USD/Metric Ton, Apr 2011: 500.57 USD/Metric Ton, price up by over 154%
Cocoa Beans Dec 2003: 1,646.58 USD/Metric Ton, Apr 2011: 3,113.52 USD/Metric Ton, price up by over 89%
Tea Dec 2003: 205.22 cents/KG, Apr 2011: 325.33 cents/KG, price up by over 58%
Rubber Dec 2003: 57.31cents/pound, Apr 2011: 265.49cents/pound, price up by over 363%
Corn Dec 2003: 111.98 USD/Metric Ton, Apr 2011: 318.45 USD/Metric Ton, price up by over 184%
Bananas Dec 2003: 371.43 USD/Metric Ton, Apr 2011: 1,013.47 USD/Metric Ton, price up by over 172%
Propane Dec 2003: 0.63 USD/Gallon, Apr 2011: 1.45 USD/Gallon, price up by over 130%
Wheat Dec 2003: 165.57 USD/Metric Ton, Apr 2011: 336.30 USD/Metric Ton, price up by over 103%
Oranges Dec 2003: 583.00 USD/Metric Ton, Apr 2011: 881.00 USD/Metric Ton, price up by over 51%
Salmon Dec 2003: 3.12 USD/Kg, Apr 2011: 7.86 USD/Kg, price up by over 151%
Chicken Dec 2003: 68.98 cents/pound, Apr 2011: 86.42 cents/pound, price up by over 25%
Pork Dec 2003: 48.68 cents/pound, Apr 2011: 92.06 cents/pound, price up by over 89%
Silver Dec 2003: 565.33 cents/Troy ounce, Apr 2011: 4,279.79 cents/Troy ounce, price up by over 657%
Alluminum Dec 2003: 1,557.78 USD/Metric Ton, Apr 2011: 2,667.44 USD/Metric Ton, price up by over 71%
Uranium Dec 2003: 13.35 USD/pound, Apr 2011: 57.84 USD/pound, price up by over 333%
Iron Ore Dec 2003: 13.82 cents/dry Metric Ton, Apr 2011L: 179.26 cents/dry Metric Ton, price up by over 1197% (yeah, almost 1200%)
Gasoline Dec 2003: 0.89 USD/Gallon, Apr 2011: 3.18 USD/Gallon, price up by over 257%
You are a shill, you are the liar, you are quite despicable actually.
As to this:
of rent (or the price of acquiring a new house)? How about the price of of a loaf of bread, which has remained virtually unchanged despite a huge increase in grain prices due to the record hot weather i
You are calling me delusional while you are denying the actual numbers added together from 2003 and compared to actual numbers added together in 2011, the numbers that are compared and percentage calculated with simple math, so while I am doing the actual calculations and actual math, showing that USD lost 76% of its value since 2003 to inflation in only 8 years, you are calling me a serial liar, while pointing to propaganda printed by government that has no bearing in reality, and you are calling that real?
I am serious, the irony is lost on you, but I think at this point you are not just delusional, you are a shill. Are you a shill? I think you are a shill, there is no explanation how the simple math of numbers, freely available in the history of prices over the years can be called 'lie', while the fake reports by government can be held as the real deal.
You are more than welcome to continue doing this nonsense, but all I am going to do from now on is just type in numbers. Like now. I am not even going to bother with any new numbers, I'll just repost the same ones over and over.
You are absolutely free to stay with your government provided nonsense, you are calling me a liar while taking the government numbers at their face value, while I am adding the numbers together, and showing the actual real inflation (and yes, gold is currency).
Here is what you need to do: stop reading my comments. bye bye.
Sure, he has a radio station and a bunch of businesses around the world doing investments and now even banking it seems, so if you liked what he had to say in that vid, you should research some more.
Well, if you are going to compare it that way, then compare the actual USE of the product - government inflation means that the loss of the purchasing power will not allow the Boeing employees to book flights on those planes, never mind buying them outright.
Either work will shift to some other country, or back to the US.
- why would it go back to the place, where the market conditions are nearly the worst in the world for investment capital and business regulations and labor market, it's really not going to return. It will have to be rebuilt domestically, with new businesses, willing to start from scratch basically, which is going to be insanely difficult, as the interest rates for US based businesses to get real investment and to be able to buy real machines and tools and talent will be very high, I expect high double digits crossing into triple digits interest rates - very few can manage to get that kind of a loan, because the requirements for collateral will be just insane and mostly impossible to satisfy.
No no, as Chinese let their currency rise and US defaults on all of its debt, the Chinese currency will skyrocket, and more and more investment capital will come to China from all over the world, this will be the validation of the capitalist principles at work, ironically it will be done by a so called Communist state, so that's unfortunate. USA gives capitalism a bad name and China gives Communism a good one, it's all insanely creepy in terms of the outcome of what people will believe.
However the productivity in China will be higher and higher, as market will see more of the Chinese consumers being able to afford all of those products and services they couldn't afford before, so for at least a few decades, they'll have growing market. Where it will go from there? I don't know, but it's not going just to disappear into nothingness, and at some point people really should take a note, that socialist agenda fails the economies and free market is the way to go.
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You are a government shill, under the nick of bye (87770), and not a one thing that I said is a lie, and I am clearly not interested in having a conversation on your terms, so don't bother.
Here are my terms, here are numbers and they speak for themselves about the levels of inflation of the USD and the prices that are going up due to it:
sugar Dec 2003: 20.40 cents/pound, Apr 2011: 36.97 cents/pound, price up by over 81%
Beef Dec 2003: 105.40 cents/pound, Apr 2011: 193.00 cents/pound, price up by over 83%
Barley Dec 2003: 100.77 USD/Metric Ton, Apr 2011: 208.70 USD/Metric Ton, price up by over 107%
Rice Dec 2003: 197.00 USD/Metric Ton, Apr 2011: 500.57 USD/Metric Ton, price up by over 154%
Cocoa Beans Dec 2003: 1,646.58 USD/Metric Ton, Apr 2011: 3,113.52 USD/Metric Ton, price up by over 89%
Tea Dec 2003: 205.22 cents/KG, Apr 2011: 325.33 cents/KG, price up by over 58%
Rubber Dec 2003: 57.31cents/pound, Apr 2011: 265.49cents/pound, price up by over 363%
Corn Dec 2003: 111.98 USD/Metric Ton, Apr 2011: 318.45 USD/Metric Ton, price up by over 184%
Bananas Dec 2003: 371.43 USD/Metric Ton, Apr 2011: 1,013.47 USD/Metric Ton, price up by over 172%
Propane Dec 2003: 0.63 USD/Gallon, Apr 2011: 1.45 USD/Gallon, price up by over 130%
Wheat Dec 2003: 165.57 USD/Metric Ton, Apr 2011: 336.30 USD/Metric Ton, price up by over 103%
Oranges Dec 2003: 583.00 USD/Metric Ton, Apr 2011: 881.00 USD/Metric Ton, price up by over 51%
Salmon Dec 2003: 3.12 USD/Kg, Apr 2011: 7.86 USD/Kg, price up by over 151%
Chicken Dec 2003: 68.98 cents/pound, Apr 2011: 86.42 cents/pound, price up by over 25%
Pork Dec 2003: 48.68 cents/pound, Apr 2011: 92.06 cents/pound, price up by over 89%
Silver Dec 2003: 565.33 cents/Troy ounce, Apr 2011: 4,279.79 cents/Troy ounce, price up by over 657%
Alluminum Dec 2003: 1,557.78 USD/Metric Ton, Apr 2011: 2,667.44 USD/Metric Ton, price up by over 71%
Uranium Dec 2003: 13.35 USD/pound, Apr 2011: 57.84 USD/pound, price up by over 333%
Iron Ore Dec 2003: 13.82 cents/dry Metric Ton, Apr 2011L: 179.26 cents/dry Metric Ton, price up by over 1197% (yeah, almost 1200%)
Gasoline Dec 2003: 0.89 USD/Gallon, Apr 2011: 3.18 USD/Gallon, price up by over 257%
Well, since you are a government shill, I am not really surprised to see you in yet another thread of mine, but you are wrong here just as well.
I am not talking about Nobel prize winners or anything of the sort. I am clearly talking about public schools, which are overpriced in USA today, which is on the brink of economic disaster of unimaginable magnitude, all due to its government driven economic policies that destroy the free market competition.
1979 was when they introduced the DOE, but 1965 was when the passed the SS act as well as Medicare, and that was an implicit way to collect more general taxes for the government programs, whatever they are, (not for the benefit of SS or Medicare funds, which never existed and are ponzi schemes.)
US students did not have to go into tens and hundreds of thousands of dollars of debt and they were getting an actual education, which was quite worth while, and this has nothing to do with any immigrants, who incidentally came to the USA not because of any government programs, but DESPITE those very programs.
Immigrants came to the USA for the FREEDOMS FROM the government, not looking for government handouts, so while in your warped twisted mind of a shill, you assign the success of USA to the government, the reality is that all the government is killing USA by killing its economy, and people are leaving the country today for the same reason so many came into USA in the first place - there is no economic freedom in USA anymore.
The fact that USA has no economic freedom due to all of the business regulations, has ridiculously high taxes, ridiculous barriers to entry, which are impossible to overcome to become a competitor to government sponsored monopolies, that and printing and borrowing and more printing of money - inflationary fiscal policy, which leads to the increases in prices for all commodities and eventually products around the world, (until the world stops using USD completely and stops buying US bonds), that policy leads to destruction of US market, destruction of US school system as well, as it is no longer necessary.
Who needs schools in USA? Why bother? US worker is the last worker in the world in terms of attractiveness to a potential employer.
Here are some numbers, which show how impossible it is to have capital savings in fiat currencies (in this case USD) given the government destruction of it
sugar Dec 2003: 20.40 cents/pound, Apr 2011: 36.97 cents/pound, price up by over 81%
Beef Dec 2003: 105.40 cents/pound, Apr 2011: 193.00 cents/pound, price up by over 83%
Barley Dec 2003: 100.77 USD/Metric Ton, Apr 2011: 208.70 USD/Metric Ton, price up by over 107%
Rice Dec 2003: 197.00 USD/Metric Ton, Apr 2011: 500.57 USD/Metric Ton, price up by over 154%
Cocoa Beans Dec 2003: 1,646.58 USD/Metric Ton, Apr 2011: 3,113.52 USD/Metric Ton, price up by over 89%
Tea Dec 2003: 205.22 cents/KG, Apr 2011: 325.33 cents/KG, price up by over 58%
Rubber Dec 2003: 57.31cents/pound, Apr 2011: 265.49cents/pound, price up by over 363%
Corn Dec 2003: 111.98 USD/Metric Ton, Apr 2011: 318.45 USD/Metric Ton, price up by over 184%
Bananas Dec 2003: 371.43 USD/Metric Ton, Apr 2011: 1,013.47 USD/Metric Ton,
So here goes the idiot shill under the nick of bye (87770), once again, pretending not to understand what is written, but as we know, those, whose job/position/income depends on not understanding things will not understand them, but here we are also dealing with an unprecedented levels of stupidity, idiocy and outright lies, by a shill.
The fact that wheat has only increased by a mere 103% since 2003, while cocoa beans or silver or iron ore or coffee or sugar, etc.etc., have seen much stronger gains do nothing for this shill, who is pushing the agenda that money printing by the government is not causing the increased demand in dollars for the same goods, thus pushing prices in US dollars up, while the ratio between gold and those commodities has much less volatility, and can be in fact explained by fundamental reasons.
Again and again it is clear that the shill under the nick of bye (87770) will refuse to accepts simple facts - numbers, but regardless of his idiocy and stupidity and magnitude ignorance, here are the numbers that clearly show where the prices are going in USD, and since gold went up in USD from about 350 to about 1500, we can see that in real terms the prices are really FALLING in the recessionary environment, and really in the depression, so today in GOLD the prices for things that are increasing in dollar terms are falling terms of gold, or in silver prices, so for example a gallon of gas today costs only 10 cents US - but those 10 cents US must be the real SILVER coin, minted prior to 1965 in USA, and the price of that 10 cent coin is 4 USD today - inflation via money printing.
sugar Dec 2003: 20.40 cents/pound, Apr 2011: 36.97 cents/pound, price up by over 81%
Beef Dec 2003: 105.40 cents/pound, Apr 2011: 193.00 cents/pound, price up by over 83%
Barley Dec 2003: 100.77 USD/Metric Ton, Apr 2011: 208.70 USD/Metric Ton, price up by over 107%
Rice Dec 2003: 197.00 USD/Metric Ton, Apr 2011: 500.57 USD/Metric Ton, price up by over 154%
Cocoa Beans Dec 2003: 1,646.58 USD/Metric Ton, Apr 2011: 3,113.52 USD/Metric Ton, price up by over 89%
Tea Dec 2003: 205.22 cents/KG, Apr 2011: 325.33 cents/KG, price up by over 58%
Rubber Dec 2003: 57.31cents/pound, Apr 2011: 265.49cents/pound, price up by over 363%
Corn Dec 2003: 111.98 USD/Metric Ton, Apr 2011: 318.45 USD/Metric Ton, price up by over 184%
Bananas Dec 2003: 371.43 USD/Metric Ton, Apr 2011: 1,013.47 USD/Metric Ton, price up by over 172%
Propane Dec 2003: 0.63 USD/Gallon, Apr 2011: 1.45 USD/Gallon, price up by over 130%
Wheat Dec 2003: 165.57 USD/Metric Ton, Apr 2011: 336.30 USD/Metric Ton, price up by over 103%
Oranges Dec 2003: 583.00 USD/Metric Ton, Apr 2011: 881.00 USD/Metric Ton, price up by over 51%
Salmon Dec 2003: 3.12 USD/Kg, Apr 2011: 7.86 USD/Kg, price up by over 151%
Yet another pointless drivel, written by the idiot shill under the nick of bye (87770).
There are always floods and droughts and fires and everything pests etc., and everything goes wrong, and yet the prices for commodities have these things included into the market prices, it is nothing new. You are the shill, thus you are pushing government agenda, that these are extraordinary circumstances, similar to what the Communists of USSR were pushing in their newspapers, such as Pravda.
You are the idiot, thus you can't understand this simple truth - the entire world is not flooded and it's not burning and it's not dying from pests, yet prices for all commodities are on average over 80% higher today, than they were in 2003, and this includes metals and this includes energy, and this includes cotton and wool and skins and food and paper and whatever you can come up with.
The wheat exporters in Russia have suffered from the idiocy of the Russian PM Putin, but this did not do much to the world prices of wheat, as Canadian and US and Chinese and European wheat producers have covered this "deficit".
So you are the stupid, idiotic, lying shill, who will keep pushing forward the government agenda regardless of these simple facts:
sugar Dec 2003: 20.40 cents/pound, Apr 2011: 36.97 cents/pound, price up by over 81%
Beef Dec 2003: 105.40 cents/pound, Apr 2011: 193.00 cents/pound, price up by over 83%
Barley Dec 2003: 100.77 USD/Metric Ton, Apr 2011: 208.70 USD/Metric Ton, price up by over 107%
Rice Dec 2003: 197.00 USD/Metric Ton, Apr 2011: 500.57 USD/Metric Ton, price up by over 154%
Cocoa Beans Dec 2003: 1,646.58 USD/Metric Ton, Apr 2011: 3,113.52 USD/Metric Ton, price up by over 89%
Tea Dec 2003: 205.22 cents/KG, Apr 2011: 325.33 cents/KG, price up by over 58%
Rubber Dec 2003: 57.31cents/pound, Apr 2011: 265.49cents/pound, price up by over 363%
Corn Dec 2003: 111.98 USD/Metric Ton, Apr 2011: 318.45 USD/Metric Ton, price up by over 184%
Bananas Dec 2003: 371.43 USD/Metric Ton, Apr 2011: 1,013.47 USD/Metric Ton, price up by over 172%
Propane Dec 2003: 0.63 USD/Gallon, Apr 2011: 1.45 USD/Gallon, price up by over 130%
Wheat Dec 2003: 165.57 USD/Metric Ton, Apr 2011: 336.30 USD/Metric Ton, price up by over 103%
Oranges Dec 2003: 583.00 USD/Metric Ton, Apr 2011: 881.00 USD/Metric Ton, price up by over 51%
Salmon Dec 2003: 3.12 USD/Kg, Apr 2011: 7.86 USD/Kg, price up by over 151%
Chicken Dec 2003: 68.98 cents/pound, Apr 2011: 86.42 cents/pound, price up by over 25%
Pork Dec 2003: 48.68 cents/pound, Apr 2011: 92.06 cents/pound, price up by over 89%
USA before 1965. That was not difficult, was it?
As opposed to fixing car's body, which incidentally also serves as a battery, or fixing wheels, which also serve as the engine?
Actually there would be nothing to fix in that scenario, the reactor would have to be self contained and likely not user serviceable, while what it actually is, is just some hot material, and whatever method of energy extraction, be it a closed circuit water pump or a thermo-couple or something else, with a battery like interface and some instrumentation gauge interface to an on-board computer.
The real solution is to make the public schools so good that almost no one feels tempted to go private. Both India and America have problems getting there, but I think it's possible.
- cannot be done by government. Look, in US they spend between 7K and 20K a year per student at a secondary school, and the results are .... not cataclysmic, but shall I say - not very encouraging. The government can spend pretty much every single last dollar you throw at it and then turn around and ask for more, because just a little more will do the job, can we agree on that?
So given that - what's the mechanism, by which a public school system can ever become as efficient and 'good', as a bunch of competing private schools, each trying to outdo the other just to make more profit?
Making profit is the key incentive, it always was and always will be. What I am saying is that without making profit, people have very little incentive to go on to bother to do anything extra, to go and risk trying new ideas, trying to improve efficiency to get more business, by somehow figuring out a way to provide more product, while incurring less cost to the business.
No, the problem in India is that it is still a country where economy is in abysmal state, and the way to fix it is to have those rich parents send their rich kids to those rich schools, so that those rich kids can get out of those rich schools and improve the economy by running their hopefully rich businesses, by increasing the productive output of the country, so that the overall wealth (products/services) is increased, the means of distributing the wealth (price to end users) is decreased, the choices are increased, there is more reason for others to invest into the economy, which would require more educated people to enter the work force, and this would really provide an opportunity to the poor to have more wealth and possibilities.
Until the society produces enough wealth, there will be no use of the poor kids in those rich schools, on average they will only drag down the education of the rich kids and will decrease overall efficiency of the system.
It's bad for those there, who are poor today, but unfortunately it's not magic, it will be bad before it becomes better, and government involvement only makes it worse.
At some point I expect people to start using nuclear to run airplanes, then trucks and buses and then eventually cars, as the costs of not doing it will be getting higher and higher compared to costs of using such devices. Whatever objections we may have today, will have to give way to the economic realities that are coming in the future, of growing populations, desire to own vehicles and ability of the manufacturers to sell those vehicles, in the market, which will demand less and less pollution, increased energy efficiencies, etc.
It is difficult to push that right now, but let's see what happens 5 years from now, as USA will have its currency and economy destroyed, maybe that's going to be the catalyst for US to start new types of development, to get back into the world economy.
More of the idiocy, by the shill, with the nick bye (87770), who is again, proving to be more idiotic than anticipated. The anticipation of idiocy needs to be pushed beyond normal boundaries.
Ukraine and Russia used to be 'bred baskets' of Europe, and then Communists came to power, USSR was created, and for the next 75 years, the production stalled, as the droughts and fires and floods and all sorts of cataclysmic events were blamed for this, while the reality was very simple - there was no incentive to produce, since the money was fake. They had 'record' droughts, 'record' fires and 'record' floods every time they had to justify yet another economic failure, but in the newspapers, such as 'Pravda' ('Truth'), they were always fighting the 'evil' capitalism and 'winning' those fights.
More shilling of pro-government propaganda and excuses by the idiot.
here is another government failure to understand, that it must not be involved in the market.
Nothing good will come out of this limited Indian version of 'no child left behind', as those children, who can actually benefit and can attend the private schools are now suffering the reduced pace of education, due to the unfortunate kids, who don't even know what 'purple' color is (read TFA), and the richer kids will not get as far ahead as they otherwise could, which would slow down Indian economy, not letting the future economy to increase the wealth of the country enough, that it would pull the poorest up with it as well (as it worked for USA in 19 century, when the overall increase of wealth caused everybody's standard of living to climb higher).
There is no shortcut. You cannot just have a country so poor on education, that is still burning witches, all getting advanced education all of a sudden, it's not going to happen. All you end up doing is dragging those, who can achieve more down, to a lower level, and it's bad for your overall economy of the future, and will slow down the eventual exit from the 'witch' burning society.
As usual, a government tries to do something, and causes more of the exact thing, it's trying to get away from.
Why? A small nuclear reactor would be much safer than a tank of gas for example, as small nuclear reactors are only based on decay of the non-fissionable elements. Containing small amounts of nuclear material inside a metal box is not really that complicated, and it does not explode on impact for example.
More idiotic stuff from bye (87770), as the droughts and fires and floods, and hurricanes, etc., have always been a problem for production, the commodities have these fluctuations priced in, without having to hit any particular problem, the actual prices for all commodities have been steadily rising for decades only due to inflation.
The poor excuse for an idiot, the shill, who goes under the snick 'bye', can't understand that in the world where the legitimate demand is increasing, the supply is also increasing to meet the demand, because increase in demand literally means increase in amount of money chasing the supplies.
The idiot shill, under then nick of 'bye', doesn't seem a bit surprised, that the numbers are showing an increase of price for every commodity priced in USD, but in real money, the prices are holding steady enough, with slight variations, which actually do, reflect the legitimate changes in supply/demand, thus priced in gold, cotton did not move in real price since 2003, but priced in gold it is now over 4 times as expensive.
But shills have their agenda, and when they are idiots, they can't even make an argument that is difficult to rebut. Of-course they are not chasing arguments for the sake of truth, they are chasing arguments to create uncertainty in the message.
There is no uncertainty, here are the numbers once more.
sugar Dec 2003: 20.40 cents/pound, Apr 2011: 36.97 cents/pound, price up by over 81%
Beef Dec 2003: 105.40 cents/pound, Apr 2011: 193.00 cents/pound, price up by over 83%
Barley Dec 2003: 100.77 USD/Metric Ton, Apr 2011: 208.70 USD/Metric Ton, price up by over 107%
Rice Dec 2003: 197.00 USD/Metric Ton, Apr 2011: 500.57 USD/Metric Ton, price up by over 154%
Cocoa Beans Dec 2003: 1,646.58 USD/Metric Ton, Apr 2011: 3,113.52 USD/Metric Ton, price up by over 89%
Tea Dec 2003: 205.22 cents/KG, Apr 2011: 325.33 cents/KG, price up by over 58%
Rubber Dec 2003: 57.31cents/pound, Apr 2011: 265.49cents/pound, price up by over 363%
Corn Dec 2003: 111.98 USD/Metric Ton, Apr 2011: 318.45 USD/Metric Ton, price up by over 184%
Bananas Dec 2003: 371.43 USD/Metric Ton, Apr 2011: 1,013.47 USD/Metric Ton, price up by over 172%
Propane Dec 2003: 0.63 USD/Gallon, Apr 2011: 1.45 USD/Gallon, price up by over 130%
Wheat Dec 2003: 165.57 USD/Metric Ton, Apr 2011: 336.30 USD/Metric Ton, price up by over 103%
Oranges Dec 2003: 583.00 USD/Metric Ton, Apr 2011: 881.00 USD/Metric Ton, price up by over 51%
Salmon Dec 2003: 3.12 USD/Kg, Apr 2011: 7.86 USD/Kg, price up by over 151%
Chicken Dec 2003: 68.98 cents/pound, Apr 2011: 86.42 cents/pound, price up by over 25%
More idiotic stuff from bye (87770)
Fox New is anti government? On which planet? Fox News quite pro-government, as long as its their preferred government.
shortages of supply in commodities? On which planet? Not on this one, which is producing more and more of all those things, but with the government printing presses, the number of US dollars that are chasing even the increasing productive capacity grows much faster than those resources, since they don't even have to cut the trees down to add zeros to their Fed account on a computer.
Shills are not as smart as I expected them to be, they are proving to be quite idiotic.
Combine these capacitors in body together with the motor in wheel thing, and you'll get that much closer to a car, that you can't fix without replacing too many functional parts, when all you needed to do was to replace wheels (how about winter?) and do some body work after a minor accident, so at some point the most economic thing will be just to toss the car away and get a new one.
Is that where they are going with this?
How about stopping with all this nonsense with the batteries and working on nuclear engines instead?
The obsession of bye (87770) with my comments can be explained by the fact that he is the missing link between a shill and an idiot.
That's the first sliver of truth in your long series of lies - and it promptly contradicts your earlier position - you did not realize that, right? :-)
- and you are a shill, but also you are stupid.
So how is it, to be so stupid? My position is what you don't understand, because you are stupid. What, you, dumbass, don't get, is that the prices for houses must be falling, because they were in a huge bubble, created by the government, but since you are stupid, you didn't notice that.
So since you are so dumb, you don't understand that government bail outs and printing of the money is specifically designed to prop up the housing market by propping up all of the failed lending institutions, but you are stupid, so you don't see that the money that is being printed to hold prices up in the housing market, are the inflation, which causes the prices for everything else to rise in USD, so that the housing prices fall in real terms, while staying up in nominal value.
But you are stupid, so stupidity in your dumb head does not allow you to understand this, also you are a shill, which combined with the fact that you are an idiot, makes a potent combination, ripe for various discussions of your stupidity on /.
Because you are so stupid, you will keep coming here for more abuse, which shows that you are even more stupid than originally indicated.
Possibly an interesting compilation I put together. Just fun to look at.
I have something for you, I compiled for myself, and I'll use here as an example of why it is wrong to allow government to inflate money supply (print fiat without having any backing by something valuable, like gold or at least real production, and government has proven enough times that it does not calculate production correctly, so it has to be commodities or monetary metals)
sugar Dec 2003: 20.40 cents/pound, Apr 2011: 36.97 cents/pound, price up by over 81%
Beef Dec 2003: 105.40 cents/pound, Apr 2011: 193.00 cents/pound, price up by over 83%
Barley Dec 2003: 100.77 USD/Metric Ton, Apr 2011: 208.70 USD/Metric Ton, price up by over 107%
Rice Dec 2003: 197.00 USD/Metric Ton, Apr 2011: 500.57 USD/Metric Ton, price up by over 154%
Cocoa Beans Dec 2003: 1,646.58 USD/Metric Ton, Apr 2011: 3,113.52 USD/Metric Ton, price up by over 89%
Tea Dec 2003: 205.22 cents/KG, Apr 2011: 325.33 cents/KG, price up by over 58%
Rubber Dec 2003: 57.31cents/pound, Apr 2011: 265.49cents/pound, price up by over 363%
Corn Dec 2003: 111.98 USD/Metric Ton, Apr 2011: 318.45 USD/Metric Ton, price up by over 184%
Bananas Dec 2003: 371.43 USD/Metric Ton, Apr 2011: 1,013.47 USD/Metric Ton, price up by over 172%
Propane Dec 2003: 0.63 USD/Gallon, Apr 2011: 1.45 USD/Gallon, price up by over 130%
Wheat Dec 2003: 165.57 USD/Metric Ton, Apr 2011: 336.30 USD/Metric Ton, price up by over 103%
Oranges Dec 2003: 583.00 USD/Metric Ton, Apr 2011: 881.00 USD/Metric Ton, price up by over 51%
Salmon Dec 2003: 3.12 USD/Kg, Apr 2011: 7.86 USD/Kg, price up by over 151%
Chicken Dec 2003: 68.98 cents/pound, Apr 2011: 86.42 cents/pound, price up by over 25%
Pork Dec 2003: 48.68 cents/pound, Apr 2011: 92.06 cents/pound, price up by over 89%
Silver Dec 2003: 565.33 cents/Troy ounce, Apr 2011: 4,279.79 cents/Troy ounce, price up by over 657%
Alluminum Dec 2003: 1,557.78 USD/Metric Ton, Apr 2011: 2,667.44 USD/Metric Ton, price up by over 71%
Uranium Dec 2003: 13.35 USD/pound, Apr 2011: 57.84 USD/pound, price up by over 333%
Iron Ore Dec 2003: 13.82 cents/dry Metric Ton, Apr 2011L: 179.26 cents/dry Metric Ton, price up by over 1197% (yeah, almost 1200%)
Gasoline Dec 2003: 0.89
sugar Dec 2003: 20.40 cents/pound, Apr 2011: 36.97 cents/pound, price up by over 81%
Beef Dec 2003: 105.40 cents/pound, Apr 2011: 193.00 cents/pound, price up by over 83%
Barley Dec 2003: 100.77 USD/Metric Ton, Apr 2011: 208.70 USD/Metric Ton, price up by over 107%
Rice Dec 2003: 197.00 USD/Metric Ton, Apr 2011: 500.57 USD/Metric Ton, price up by over 154%
Cocoa Beans Dec 2003: 1,646.58 USD/Metric Ton, Apr 2011: 3,113.52 USD/Metric Ton, price up by over 89%
Tea Dec 2003: 205.22 cents/KG, Apr 2011: 325.33 cents/KG, price up by over 58%
Rubber Dec 2003: 57.31cents/pound, Apr 2011: 265.49cents/pound, price up by over 363%
Corn Dec 2003: 111.98 USD/Metric Ton, Apr 2011: 318.45 USD/Metric Ton, price up by over 184%
Bananas Dec 2003: 371.43 USD/Metric Ton, Apr 2011: 1,013.47 USD/Metric Ton, price up by over 172%
Propane Dec 2003: 0.63 USD/Gallon, Apr 2011: 1.45 USD/Gallon, price up by over 130%
Wheat Dec 2003: 165.57 USD/Metric Ton, Apr 2011: 336.30 USD/Metric Ton, price up by over 103%
Oranges Dec 2003: 583.00 USD/Metric Ton, Apr 2011: 881.00 USD/Metric Ton, price up by over 51%
Salmon Dec 2003: 3.12 USD/Kg, Apr 2011: 7.86 USD/Kg, price up by over 151%
Chicken Dec 2003: 68.98 cents/pound, Apr 2011: 86.42 cents/pound, price up by over 25%
Pork Dec 2003: 48.68 cents/pound, Apr 2011: 92.06 cents/pound, price up by over 89%
Silver Dec 2003: 565.33 cents/Troy ounce, Apr 2011: 4,279.79 cents/Troy ounce, price up by over 657%
Alluminum Dec 2003: 1,557.78 USD/Metric Ton, Apr 2011: 2,667.44 USD/Metric Ton, price up by over 71%
Uranium Dec 2003: 13.35 USD/pound, Apr 2011: 57.84 USD/pound, price up by over 333%
Iron Ore Dec 2003: 13.82 cents/dry Metric Ton, Apr 2011L: 179.26 cents/dry Metric Ton, price up by over 1197% (yeah, almost 1200%)
Gasoline Dec 2003: 0.89 USD/Gallon, Apr 2011: 3.18 USD/Gallon, price up by over 257%
You are a shill, you are the liar, you are quite despicable actually.
As to this:
of rent (or the price of acquiring a new house)? How about the price of of a loaf of bread, which has remained virtually unchanged despite a huge increase in grain prices due to the record hot weather i
You are calling me delusional while you are denying the actual numbers added together from 2003 and compared to actual numbers added together in 2011, the numbers that are compared and percentage calculated with simple math, so while I am doing the actual calculations and actual math, showing that USD lost 76% of its value since 2003 to inflation in only 8 years, you are calling me a serial liar, while pointing to propaganda printed by government that has no bearing in reality, and you are calling that real?
I am serious, the irony is lost on you, but I think at this point you are not just delusional, you are a shill. Are you a shill? I think you are a shill, there is no explanation how the simple math of numbers, freely available in the history of prices over the years can be called 'lie', while the fake reports by government can be held as the real deal.
You are more than welcome to continue doing this nonsense, but all I am going to do from now on is just type in numbers. Like now. I am not even going to bother with any new numbers, I'll just repost the same ones over and over.
Here we go:
Here is coffee price chart it was between 60 and 72 USD per contract in 2003.
Here is coffee price chart now It's between 259 and 290.
In fact, if measured in coffee, the value of USD decreased at the lows by 76%.
select 27 May, 2003 - you will find out that gold closed at 367.20.
Select 27 May 2011, you will find out it closed at 1536.50.
In fact, if measured in gold, the value of USD decreased by 76%.
oil traded between 20 and 28 in 2003, May 27, 2011 it is 100 Do I need to do the math?
--
I am calling you a shill, not just a liar, a shill - a liar with an agenda. You can come back for more abuse, it's your business.
Cheers.
You are absolutely free to stay with your government provided nonsense, you are calling me a liar while taking the government numbers at their face value, while I am adding the numbers together, and showing the actual real inflation (and yes, gold is currency).
Here is what you need to do: stop reading my comments. bye bye.
Sure, he has a radio station and a bunch of businesses around the world doing investments and now even banking it seems, so if you liked what he had to say in that vid, you should research some more.
Well, if you are going to compare it that way, then compare the actual USE of the product - government inflation means that the loss of the purchasing power will not allow the Boeing employees to book flights on those planes, never mind buying them outright.
I remember now, you were giving me similar nonsense in this earlier thread, and I pointed out that I can add and proved that inflation was 76% since 2003 counted in US dollars..
So you like being beat up, don't you? You don't like that I can add numbers and call me a liar? Go fuck yourself.
Either work will shift to some other country, or back to the US.
- why would it go back to the place, where the market conditions are nearly the worst in the world for investment capital and business regulations and labor market, it's really not going to return. It will have to be rebuilt domestically, with new businesses, willing to start from scratch basically, which is going to be insanely difficult, as the interest rates for US based businesses to get real investment and to be able to buy real machines and tools and talent will be very high, I expect high double digits crossing into triple digits interest rates - very few can manage to get that kind of a loan, because the requirements for collateral will be just insane and mostly impossible to satisfy.
No no, as Chinese let their currency rise and US defaults on all of its debt, the Chinese currency will skyrocket, and more and more investment capital will come to China from all over the world, this will be the validation of the capitalist principles at work, ironically it will be done by a so called Communist state, so that's unfortunate. USA gives capitalism a bad name and China gives Communism a good one, it's all insanely creepy in terms of the outcome of what people will believe.
However the productivity in China will be higher and higher, as market will see more of the Chinese consumers being able to afford all of those products and services they couldn't afford before, so for at least a few decades, they'll have growing market. Where it will go from there? I don't know, but it's not going just to disappear into nothingness, and at some point people really should take a note, that socialist agenda fails the economies and free market is the way to go.