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On the Mercantile today, Cattle Futures, mostly up , Feb. Hogs, up significantly, Soybeans, up . These hold more days than not, I would not look for any serious , long term downward trends , but ,instead the other ....
Let me summarize this thread, I do not believe America is " back" , I do not believe it can even come " back " under the current conditions, and that any, " unlikely " boom will be followed by an even " bigger " bust.Hopefully, I am wrong, doubtful ....
What I expect to see that I believe you Can count on, is more taxes & fees , lower incomes, more unemployment and higher food prices.
Quiz: Test Your "Income" Tax IQ!
Short Income Tax Video
The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes
The Federalist Papers, No. 15:
Except as to the rule of apportionment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.
My music/art page is here"government is the enemy of liberty"-RPEphesians 6:12 (KJV)For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.Originally Posted by Torchbearer
"A free man must be able to endure it when his fellow men act and live otherwise than he considers proper. He must free himself from the habit, just as soon as something does not please him, of calling for the police." -- Ludwig von Mises, Liberalism (p. 55)
"The evil that a man inflicts on his fellow man injures both - not only the one to whom it is done, but also the one who does it. Nothing corrupts a man so much as being an arm of the law and making men suffer. The lot of the subject is anxiety, a spirit of servility and fawning adulation; but the pharisaical self-righteousness, conceit, and arrogance of the master are no better. [...] The criminal has incurred the penalties of the law, but not the hate and sadism of the judge, the policeman, and the ever lynch-thirsty mob." -- Ludwig von Mises, Liberalism (p. 58) [bold emphasis added]
Biggest and best economy in the world.. Make that money while its boomin
Milk Prices (whole milk) Price chart:
Compared to five years ago, they haven't changed much. Up 40% since 1995. In hyperinflation that would happen in less than one month.
Gasoline prices? Five years ago it was about $2.90 a gallon vs about $3.50 on this chart. Roughly 20% change in five years.
“Ignorance brings chaos, not knowledge.” - Lucy.
I am Zippy and I approve of this post. But you don't have to.
"Your mother's dead, before long I'll be dead, and you...and your brother and your sister and all of her children, all of us dead, all of us..rotting in the ground. It's the family name that lives on. It's all that lives on. Not your personal glory, not your honor, but family." - Tywin Lannister
There is a gas station I pass when I drive by every weekday morning. Over the weekend, price of gas went up from $3.60 to $3.69. When I drove by this morning, I was shocked to see it was at $3.74. That's a $0.14 increase in less than a week. I've driven by that gas station for at least 5 years, and I can't remember the price changing that much over the course of a few days.
Rand Paul 2016
I'm stunned. Went by the same gas station today and it's now up to $3.84. That's a $0.24 increase in one week.
Rand Paul 2016
Last edited by oyarde; 02-16-2013 at 01:02 AM.
The food prices will be worse , I imagine , I would expect summer gas to be $4.25 by Memorial Day weekend, just my guess ....
I look for these things to become worse ....
I will go ahead & stick with my hunch , next boom will be prices going up , not wages.