Author Topic: Sarah Palin owns WSJ Reporter.  (Read 6632 times)

Soul Crusher

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Re: Sarah Palin owns WSJ Reporter.
« Reply #75 on: November 10, 2010, 06:09:25 AM »
http://www.huffingtonpost.com/2010/11/09/sarah-palin-federal-reserve_n_780833.html

click and read...

Seriously - you buy every propaganda argument from the government hook line and sinker.  Pathetic. 

And from that article:

As HuffPost's Shahien Nasiripour noted Monday, the Federal Reserve operates independently of any other government body, and so political criticism of it is unusual.


________________________ _______________________

I really had to laugh at that.  Criticism is unusual?  What freaking planet does this fool live on? 

And citing official  "Labor Stats".    ::)  ::)  ::)

Ha ha ha.   Dear God are you blind if you believe that crap like the "Official CPI", etc etc.  Truly sad.     

Option D

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Re: Sarah Palin owns WSJ Reporter.
« Reply #76 on: November 10, 2010, 06:11:47 AM »
Seriously - you buy every propaganda argument from the government hook line and sinker.  Pathetic. 

And from that article:

As HuffPost's Shahien Nasiripour noted Monday, the Federal Reserve operates independently of any other government body, and so political criticism of it is unusual.


________________________ _______________________

I really had to laugh at that.  Criticism is unusual?  What freaking planet does this fool live on? 

And citing official  "Labor Stats".    ::)  ::)  ::)

Ha ha ha.   Dear God are you blind if you believe that crap like the "Official CPI", etc etc.  Truly sad.     
Fuckin Pot Meet kettle.. .dude. you said obamas trip cost $200 million/day bcause fox said it. So who the fuck are you talking to?

Soul Crusher

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Re: Sarah Palin owns WSJ Reporter.
« Reply #77 on: November 10, 2010, 07:10:25 AM »
Sarah Palin Food Inflation Controversy
National Inflation Association ^ | 11-10-2010 | NIA



________________________ ________________________ ____________________

Sarah Palin on Monday made a speech at a trade-association convention in Phoenix urging Federal Reserve Chairman Ben Bernanke to “cease and desist” his “pump priming”. Palin said the United States, “shouldn’t be playing around with inflation.” She went on to say, "All this pump priming will come at a serious price. And I mean that literally: everyone who ever goes out shopping for groceries knows that prices have risen significantly over the past year or so. Pump priming would push them even higher."

After obtaining a copy of her speech, the Wall Street Journal's Sudeep Reddy wrote an article criticizing Palin's comments about food inflation, saying that, "Grocery prices haven’t risen all that significantly, in fact. The consumer price index’s measure of food and beverages for the first nine months of this year showed average annual inflation of less than 0.6%, the slowest pace on record." NIA finds it unfortunate that Reddy has been brainwashed into believing the government's phony consumer price index (CPI) numbers.

The U.S. Bureau of Labor Statistics (BLS)'s CPI is not a reliable indicator of U.S. food inflation or any type of price inflation. NIA estimates the real rate of annual food inflation in the U.S. to already be 5% and projects that this rate will rise above 10% in early 2011.[/b] NIA believes the BLS has been using both geometric weighting and hedonics to artificially manipulate the CPI downward. The U.S. government has a strong motivation to keep CPI increases as low as possible because since the year 1975, retired Americans receive annual Social Security payment increases that are tied to the CPI. NIA calculates that based on the way the BLS's CPI has understated the real rate of price inflation, Americans on Social Security should be receiving payments that are more than double what they receive today. Unfortunately, the government just announced last month that Americans on Social Security will receive no payment increase in 2011, despite the f act that food inflation will likely become the biggest crisis of the year, much larger than the mortgage crisis we have today.

When calculating food inflation, the government uses deceptive geometric weighting, which gives a lower weighting to goods that are rising in price and a higher weighting to goods that are falling in price. If the price of steak is rising while the price of hamburgers is falling, the CPI will give a lower weighting to steak and a higher weighting to hamburgers. The government justifies this by saying that expensive steak prices mean Americans are more likely to eat hamburgers. Therefore, the CPI no longer accounts for the price to maintain the same standard of living. The CPI is now calculated based on the realization that America's standard of living has been in decline and the expectation that it will continue to decline in the future.

Americans subconsciously realize that it is becoming a lot harder for them to make ends meet and put food on the table, but they don't realize that inflation is the cause of it. All Americans have heard stories from older relatives about how Hershey bars 45 years ago cost only 5 cents. Americans are aware that the U.S. has already experienced massive price inflation, but they don't look at inflation as a problem because these food price increases occurred over a very long period of time. NIA estimates that at a very minimum, the same U.S. price inflation that occurred over the past 100 years, will occur again over the next 10 years as the Federal Reserve's money printing causes the world to lose confidence in the U.S. dollar.

There is a misconception in America that wages have risen at the same rate as price inflation, when this is simply not the case. The median household income in the U.S. was $11,800 in 1975 and today is $49,777. If you go by the government's CPI, $11,800 in 1975 dollars equals $47,208 in today's dollars. If the government's CPI is to be believed, Americans are earning higher real incomes today than 35 years ago. However, the truth is, once you discount the effects of geometric weighting and hedonics, the median household income in 1975 of $11,800 actually equals $154,000 in today's dollars. This explains how in 1975, a father was able to support a family on just one income and college students were able to afford their own tuition with just a part-time summer job. Today, both parents need to work and families need to get deeply into debt just to survive.

The U.S. government is currently printing money just to survive. The Federal Reserve has held the Fed Funds Rate at 0-0.25% for nearly two years and just announced that it will be printing an additional $600 billion in new U.S. dollars by the end of June 2011. Since the beginning of September until now, just in anticipation of the Fed's upcoming quantitative easing, we have experienced the largest ever short-term increase in the history of agricultural commodity prices with corn rising by 32%, soybeans rising by 32%, orange juice rising by 12%, coffee rising by 19%, and sugar rising by 66%. These agricultural commodity price increases will begin to work their way into grocery stores nationwide in the weeks and months ahead, as food manufacturers and retailers are forced to raise their prices.

Food manufacturers and retailers who don't immediately raise prices and pass their rising costs on to U.S. consumers will likely go out of business. Sara Lee just announced yesterday that their first quarter profit fell 32% as price increases it enacted during the quarter were not enough to cover steep increases for agricultural commodities. Dean Foods saw their stock decline 18% yesterday to a new 52-week low due to escalating costs for butterfat, a key ingredient in its creamers and ice creams. Dean Foods' butterfat costs were up 70% over the same 2009 period.

The U.S. has no way of paying off its $13.7 trillion national debt and $80 trillion plus in unfunded liabilities without printing the money and creating massive price inflation. China’s Dagong Global Credit Rating Co. lowered its credit rating for the U.S. to A+ from AA on Tuesday with an outlook of "negative", saying the Fed’s plan to buy government debt will erode the value of the dollar and “entirely encroaches” on the interests of creditors. The Fed, by buying U.S. treasuries, is effectively monetizing the debt. In fact, Federal Reserve Bank of Dallas President Richard W. Fisher admitted yesterday that the Fed is monetizing the debt, saying in a statement, "For the next eight months, the nation’s central bank will be monetizing the federal debt."

Bernanke testified under oath on June 3rd, 2009 in front of Congress saying, "The Federal Reserve will not monetize the debt." This was a lie and perjury. With baseball great Roger Clemens being indicted for lying to Congress under oath about a personal matter that is trivial compared to this, Bernanke should also be charged with similar crimes.

Although NIA believes Palin made a major mistake by supporting the government's $700 billion 'Emergency Economic Stabilization Act of 2008', we give her credit for helping expose to the mainstream public that a massive inflationary crisis is ahead due to Bernanke's destructive monetary policies. On December 16th, 2009, the same day Time Magazine named Bernanke 'Person of the Year', NIA named Bernanke 'Villain of the Year' and said in an article that day, "When it costs $20 for a gallon of milk in a few years, Americans will have nobody to thank more than Bernanke."

The average American family currently spends 13% of their total annual expenditures on food compared to 34% on housing. As the Federal Reserve monetizes our debt and creates massive price inflation, these two numbers will reverse. For every 1% rise in consumer wages, NIA expects to see about a 4% rise in food prices. There are currently 42.4 million Americans on food stamps, up 17% from one year ago. The government does not have the resources to make these entitlement payments without printing the money and creating massive food price inflation. Ironically, food stamps are actually making those who receive them, need them even more.

If the U.S. government is somehow able to make it to the 2012 election without going bust due to a worthless U.S. dollar, by then it is likely that the average middle-class American will be dependent on the government to survive. Obama's strategy to get re-elected is to make as many Americans as possible dependent on him and scared to elect a true Libertarian candidate like Ron Paul, who will dramatically reduce government spending in an attempt to prevent hyperinflation.


________________________ ________________________ ______________________

Again - Sarah was dead right on this. 

Option D

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Re: Sarah Palin owns WSJ Reporter.
« Reply #78 on: November 10, 2010, 07:11:13 AM »
Seriously - you buy every propaganda argument from the government hook line and sinker.  Pathetic. 

And from that article:

As HuffPost's Shahien Nasiripour noted Monday, the Federal Reserve operates independently of any other government body, and so political criticism of it is unusual.


________________________ _______________________

I really had to laugh at that.  Criticism is unusual?  What freaking planet does this fool live on? 

And citing official  "Labor Stats".    ::)  ::)  ::)

Ha ha ha.   Dear God are you blind if you believe that crap like the "Official CPI", etc etc.  Truly sad.     

Fuckin Pot Meet kettle.. .dude. you said obamas trip cost $200 million/day bcause fox said it. So who the fuck are you talking to?

bump

Soul Crusher

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Re: Sarah Palin owns WSJ Reporter.
« Reply #79 on: November 10, 2010, 07:15:51 AM »
bump

Bump for what?  Obama still wont release the actual amount, which by any measure is staggering. 

Soul Crusher

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Re: Sarah Palin owns WSJ Reporter.
« Reply #80 on: November 10, 2010, 07:26:12 AM »
Yes Virginia, There Is Global Food Inflation
Seeking Alpha ^ | 11-10-2010 | Mercenary Trader


________________________ ________________________ _____________


In case you were skeptical (and apparently some still are) — a quick roundup on the food inflation front:

1) Dean Foods (DF) becomes another casualty of sky-rocketing input costs (hat tip TRB). From the conference call (upon which the stock got whacked):

The negative effect of this volume softness was amplified by the dramatic increase in Class II butterfat costs in the quarter, which created additional pressure on gross profits. Class II butterfat averaged $2.12 per pound in the quarter, and increased 70% from the year-ago period and more than 25% above the second quarter.

As a reminder, Class II butterfat is a key input in our creamer, cultured and ice cream products businesses, where the pass-through of changes in input costs is less efficient than fluid milk.

The continued gross margin pressure on the business, higher fuel costs and increased bad debt expenses all contributed to drive segment operating profit well below year-ago levels…

2) From the UK:

UK food prices were 9.8% higher last month than a year ago, the biggest annual increase since October 2008, according to the Office for National Statistics. Imported food prices climbed 4.5% on the year, the fastest rate since October 2009, pushing up the price of bread and margarine.

3) And in the United States…


An inflationary tide is beginning to ripple through America’s supermarkets and restaurants, threatening to end the tamest year of food pricing in nearly two decades.

Prices of staples including milk, beef, coffee, cocoa and sugar have risen sharply in recent months.

And food makers and retailers including McDonald’s Corp., Kellogg Co. and Kroger Co. have begun to signal that they’ll try to make consumers shoulder more of the higher costs for ingredients.


4) And of course China…

"Everything is expensive right now — food, especially the vegetables,” said Li Huijun, a 53-year-old hospital clerk, who complained as she shopped at Lianhua Supermarket in Shanghai that lettuce used to cost only 1 renminbi per 500 grams, or 15 cents for about a pound, but now costs about twice that amount. “And not to mention clothes, and shoes,” Ms. Li said. “They all went up, except my salary.”

And yet, things may be even worse than the consumer price index suggests. A growing number of analysts say inflationary pressure is stronger than the price index indicates, because it is heavily weighted toward food — particularly pork prices. Rising energy, property and transportation costs are not as significant a factor in the index. And even the price increases of many food items — aside from pork — are also not adequately weighed or calculated, analysts say…

5) Not to mention the rest of the world…

The CRB/Reuters U.S. Spot Raw Industrials index, a gauge of 22 commodities including butter and soybean oil, rose to an all- time high on Oct. 25. Meat prices advanced to a two-decade high in August, according to a UN index….

Palm oil traded on the Malaysia Derivatives Exchange may rise 18 percent to 3,600 ringgit ($1,161) a metric ton by March, extending this year’s 15 percent advance… “The critical period of tightness is yet to come,” said Dorab Mistry, a director at Godrej International Ltd. who has traded cooking oils for more than three decades…”

6) And, as a piece de resistance, the CEO of Starbucks (SBUX) weighs in:

Let me give you some perspective on coffee prices as we see it… This is the first time in our entire history that we’ve seen coffee prices artificially soar when there is no real issue on supply and demand.

So we’re dealing with uncharted waters here. And the unfortunate thing is, that the people making money on the coffee market are not coffee growers. It’s people on the financial side.

So, yeah. For those saying “inflation is contained,” try looking a little harder.


blacken700

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Re: Sarah Palin owns WSJ Reporter.
« Reply #81 on: November 10, 2010, 12:23:47 PM »
Fuckin Pot Meet kettle.. .dude. you said obamas trip cost $200 million/day bcause fox said it. So who the fuck are you talking to?

braaaaaaaaa :D :D :D :D :D333386 getting owned


Soul Crusher

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Re: Sarah Palin owns WSJ Reporter.
« Reply #82 on: November 10, 2010, 12:28:24 PM »
Did you read anything I posted?  if anyone got owned royally it was mal and yourself for believing the lies of the govt.

even Peter Schiff admitted she was dead right and that obama/bernake are FUCKING CLUELESS on the economy. 

Sucker.    


blacken700

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Re: Sarah Palin owns WSJ Reporter.
« Reply #83 on: November 10, 2010, 12:31:21 PM »
i have a hard time reading your shit ,it so full of lies ,you have to goggle every  thing

Soul Crusher

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Re: Sarah Palin owns WSJ Reporter.
« Reply #84 on: November 10, 2010, 12:34:21 PM »
i have a hard time reading your shit ,it so full of lies ,you have to goggle every  thing

Here is a clue schmuck




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Re: Sarah Palin owns WSJ Reporter.
« Reply #85 on: November 10, 2010, 12:51:01 PM »
i have a hard time reading your shit ,it so full of lies ,you have to goggle every  thing

IRONY.

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Re: Sarah Palin owns WSJ Reporter.
« Reply #86 on: November 10, 2010, 12:52:52 PM »
IRONY.

Its cool - i have little doubt that they read my article from the National Inflation Association 

Soul Crusher

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Re: Sarah Palin owns WSJ Reporter.
« Reply #87 on: November 10, 2010, 01:50:01 PM »
Hey - Mal - Even the WSJ reporters say she is right.

But fuck it - keep kneepadding Obama.   

________________________ ________________________ _______________

Opinion Journal: Palin vs. Bernanke 11/9/2010 12:30:27 PM

Editorial page editor Paul Gigot scores round one for the former Alaskan Governor. Also, Columnist Daniel Henninger analyzes the Speaker's bizarre reaction to an electoral shellacking. Allysia Finley responds to reader comments about the miserable fiscal state of the Golden State.


http://online.wsj.com/video/opinion-journal-palin-vs-bernanke/6A8B3973-6069-464E-B48B-4D4564C96DE5.html


Soul Crusher

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Re: Sarah Palin owns WSJ Reporter.
« Reply #88 on: November 10, 2010, 08:24:36 PM »

What's America's real inflation rate? (Flashback: Why are food & energy costly with low inflation?)
WND ^ | 3/19/2008 | Jerome R. Corsi

Posted on Wednesday, November 10, 2010 8:55:15 PM by Qbert

Why is it that the federal government says the U.S. has virtually no inflation – less that 2 percent – but everything keeps getting more expensive, especially food and gasoline?

Today, gasoline is well above $3.00 a gallon. "Sticker shock" comes not just from the cost of buying a new car, but from the $50.00 or more it costs to fill up the gas tank, even if you don't own an SUV.

[Snip]

Still, the U.S. Department of Labor's Bureau of Labor Statistics reported in August 2007 a remarkably low inflation rate of only 1.7 percent.

Solving this riddle – that is, why everything costs so much when the government tells us inflation rates are low – is simple:

The Bureau of Labor Statistics lies.

Inflation numbers are intentionally manipulated to keep cost-of-living numbers low.

[Snip]

How does the federal government manipulate inflation numbers?

The Consumer Price Index, or CPI, is the central statistic the federal government uses to calculate inflation.

The CPI is a complex government statistic that was introduced in the 1920s to track the market cost of a "basket of goods and services."

Beginning during the Carter administration, federal economists cleverly redefined the CPI, with the goal of removing from the index expensive items, including food and energy, that would push the CPI higher.

Today, the Federal Reserve when setting interest rates focuses on a variation of the CPI that measures "core inflation."

[Snip]

"The CPI was considered sacrosanct within the Department of Labor, given the number of contractual relationships that were anchored to it," Williams wrote. "The CPI was one number that never was to be revised, given its widespread usage."

Williams calculates that the manipulations of the CPI index cause inflation to be under-reported by as much as 7 percent.


(Excerpt) Read more at wnd.com ...


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