Metallic Pea

Frustrating People Since 1971.

Posts Tagged ‘inflation

Eggsactly

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‘They hatch adders’ eggs; they weave the spider’s web; he who eats their eggs dies, and from one that is crushed a viper is hatched.’  ~ Isaiah 59:5

  • Free-ranging chickens produce better, more wholesome eggs.  Here’s why.
  • Here is a lucid explanation of current economic mess we are in—and the coming (soon) collapse.  Things will never be the same and the sooner we accept that fact the better we can prepare for it.
  • ‘Many Austrian economists, including Ludwig von Mises, have been staunch advocates of “sound money,” stressing the importance of linking paper currencies to the precious metals or, better yet, returning the production of money to the free market where it belongs.’
  • The former President of Mexico, Vicente Fox, is calling for the legalisation of narcotics in an effort to curb violence—and I could not agree more.
  • Google street view gets hit again—Is that a dead body lying in the street?
  • Although one wants to avoid asceticism, there is a great deal to be admired about living a simple life.
  • ‘In an echo of the debates over the discredited intelligence that helped make the case for the war in Iraq, the Senate Foreign Relations Committee on Wednesday released more than 1,100 pages of previously classified Vietnam-era transcripts that show senators of the time sharply questioning whether they had been deceived by the White House and the Pentagon over the 1964 Gulf of Tonkin incident.’
  • ‘Marc Faber, the Swiss fund manager and Gloom Boom & Doom editor, said the US Federal Reserve will create a “final crisis” by continuing to print money because it is underestimating the strength of the economy which shows no signs of strengthening but signs of weakening everywhere in the world.’

‘If life seems awful to kids, it’s neither because hormones are turning you all into monsters (as your parents believe), nor because life actually is awful (as you believe). It’s because the adults, who no longer have any economic use for you, have abandoned you to spend years cooped up together with nothing real to do. Any society of that type is awful to live in. You don’t have to look any further to explain why teenage kids are unhappy.’  ~ Paul Graham, ‘Why Nerds Are Unpopular’

  • ‘Be prepared, if you have a sugar bowl home go fill it up because it’s going to be more expensive.’  ~ Investment guru Jim Rogers
  • ‘When will Americans come to see that the never-ending terrorist crisis, along with the concomitant loss of our civil liberties, is rooted in U.S. statism, imperialism, and interventionism rather than in religion?’
  • ‘Sovereign default, however, is not the only strategy available to the US regarding its unpayable debt. The US could alternatively pay down its massive obligations by debasing its currency, a strategy wherein the US would pay its creditors with increasingly worthless US dollars – to the US, a far more convenient solution.’
  • ‘Declaring himself the ‘most pessimistic of forecasters, nobody is more pessimistic than me’ Dr Faber outlined a scenario in which the dollar has to be replaced by another unit after a future inflation, and holders of cash and bonds lose virtually everything in the process.’
  • Once again, living in a free society means that folks should have the freedom to sell—or not sell—their home to anyone for any reason.
  • ‘US credit risk is huge and America has two options, either default or let the currency depreciate substantially against currencies such as the yuan and the rouble.’  (Are you prepared for what’s coming?)

I’m Not Really Angry–It Just Seems That Way

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‘But I will defend my house against marauding forces. Never again will an oppressor overrun my people, for now I am keeping watch.’  ~ Zechariah 9:8

  • Remember when we bombed Kosovo to thwart the ‘genocide’ of Mohammadans by those evil Serbians? Well, surprise, it never happened.
  • More with Peter Schiff on the economy and the falling Dollar:

  • ‘[Federal Reserve Chairman Ben] Bernanke faces the same dilemma, and like Herr Havenstein, he thinks he can save the economy by creating more currency.  Instead, the outcome will be hyperinflation, which not only destroys the currency but also the very economy he set out to save. ‘
  • Second Commandment Watch: Why do they always assert it is an image of Jesus? Having never seen Him face-to-face, how would they know?
  • Dr Tom Woods talks about the growing sentiment in favour of nullification:

The Crusades were not unprovoked. They were not the first round of European colonialism. They were not conducted for land, loot, or converts. The Crusaders were not barbarians who victimized the cultivated Muslims. They sincerely believed that they served in God’s battalions.’

Remember all that ‘freedom’ everybody was singing about a couple of weeks ago? ‘New federal regulations issued this week stipulate that the electronic health records–that all Americans are supposed to have by 2014 under the terms of the stimulus law that President Barack Obama signed last year–must record not only the traditional measures of height and weight, but also the Body Mass Index: a measure of obesity.’

  • They’re still trying to gin up war for Israel with Iran.
  • I know you’re not comfortable with the word “empire,” especially just after the Fourth of July, but you are the Redcoats now.’
  • I know you, little libertine:

Plugging those kinds of gaps means getting creative with new forms of skullduggery. For instance, the State of New York, with its $9 billion budget deficit, is looking at a proposal to borrow $6 billion from its state pension fund in order to make a $6 billion payment due to that same pension fund. Yeah, you read that right.’

  • In a comical move even for a czar-happy president who has rewarded dozens of cronies with distinguished titles, the White House has named the Obamas’ personal Chicago cook as ‘Senior Policy Adviser for Healthy Food Initiatives.’
  • Oh, the Glorous Drug War!! How many people must die before we admit that it is a fool’s errand?
  • It is a competition between ‘entitlement’ spending and military expenditures to determine which will bankrupt us first.

Don’t Tear Down Your Storehouse

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‘A generous man will prosper; he who refreshes others will himself be refreshed.’  ~ Proverbs 11:25

 

Funny search engine terms used to find my blog:

  • reo speedwagon occult symbolism  [Riding the cult out…]

  • iranian fried chicken  [May I have some yardbird with my couscous?]

  • the ayers family korea  [I always knew Kevin had a lot of Seoul.]

 

 

  • A suggestion for the moms: A friend of mine returned from taking her grandchildren to the children’s museum at Baylor University and could not stop singing its praises. Perhaps a WPC Moms group field trip should be planned?

 

 

 

 

 

 

How much of the rise in gas prices is attributable to the overall rise in prices caused by dollar inflation? One way of finding out is to measure the price of gasoline in terms of “constant” dollars instead of nominal dollars. For instance, in 1971 – the year is significant because that was when President Richard Nixon took us totally off the gold standard – a gallon of gasoline that cost 50 cents a gallon would cost $2.66 today in 1971 dollars, as calculated by the Consumer Price Index. … [C]omparing the cost of a gallon of gas to “real money” like silver – the value of a gallon of gas is relatively unchanged. The cost of a gallon of gas in terms of the fake, inflation-roasted dollars we all must use, well, that’s another story.’

 

 

 

 

 

 

 

 

 

  • The U.S. national debt ‘has reached $455,000 per U.S. household. As that debt grows, the United States increasingly relies on foreigners, including China and Middle East oil producers, for financing.’

 

 

 

  • Glenn Beck used to ridicule Ron Paul’s economic warnings. Now, like others who have the courage to face the truth, Beck is singing the good doctor’s praises:

 

 

 

 

 

 

 

 

 

  • Reduce your standard of living now (while the situation is still under control), greatly increase your savings (in gold, which is real money) and rig for greatly changed patterns of production, consumption, employment and business for a considerable time. The hurricane that’s just starting to hit the economy will both trigger and worsen problems in other areas. Starting with politics, because nearly everyone today believes the ridiculous notion that the government should guide the economy.’

 

To-day’s 1980’s Moment is brought to you by: Texas’ own Christpher Cross (and his sweet Earl Campbell Houston Oilers jersey!) 

 

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