Grandfather Economic Report: Who Says Inflation is Dead?

After paying our fixed bills, we need to buy food and gas and pay off our percentage of the birth of our daughter after insurance. The birth center charged us more than twice what they did 2 years ago and we weren't expecting that. (Out of hospital birth is becoming less safe in this state because the midwives are being intimidated by police raids, BTW.)

If we had $20 extra a week, we could fill our house with stuff from the dollar store, but, if we're coming up just a little short, the only things left to cut back on are food and gas. These things are the hardest hit by inflation and I don't know how much less of them we can buy. The babies are in cloth diapers. MIL bought our groceries this week. We're burning wood for heat. The next thing we'll have to cut is high speed internet (which is actually a minor expense compared to silly luxuries like food)!

We're living in a neighborhood where all the original homeowners were factory workers and we're both engineers and struggling this much.

This is a great article, written back in 2004 - go figure this guy was dead-on 4 years ago, when we thought our economy was great!

http://www.financialsense.com/series4/part1.html

"The time is near at hand which must determine whether Americans are to be free men or slaves." - George Washington

The FBI has raided the liberty dollar.
It must be a nightmare having the feds invade your home or office. Especially when one is trying to promote libery. I can only imagine.
Here is the search warrant.
http://www.libertydollar.org/legal/pdf/search_warrent_200711...

seizure warrant;
http://www.libertydollar.org/legal/pdf/seizure_warrent_20071...

agent information;
http://www.libertydollar.org/legal/pdf/agent_info_20071114.pdf

liberty dollar legal;
http://www.libertydollar.org/legal/pdf/paper_legal.pdf

First they came for the Jews
and I did not speak out
because I was not a Jew.
Then they came for the Communists
and I did not speak out
because I was not a Communist.
Then they came for the trade unionists
and I did not speak out
because I was not a trade unionist.
Then they came for me
and there was no one left
to speak out for me.

Pastor Martin Niemöller

Can we save America? Hard to say. Sometimes I wonder if America deserves being free.

Go Ron Paul!

This is good information to share with potential Ron Paul supporters.
Prices should have dropped due to the fact that, essentially, products have not changed over the years and technology has made us way more proficient at producing them.
America's demise has been planned and implemented by a few people.
We have been kept in check by the illusion of fear.
So Sad.
Listen to them beg for their chains.

Go Ron Paul!

Plan B.2 - Draft the Good Doctor

Would you like to guarantee Dr. Ron Paul appears on the 2008 Presidential ballot?

But why do we need a guarantee? The establishment wouldn’t try to cheat the Good Doctor, Heavens no. He will win the Republican nomination fair and square.

When the establishment refused to allow Dr. Paul to participate in the Iowa forum,
locked his supporters out of the Texas straw poll,
changed the rules for primary voting in New Hampshire,
Delaware, Connecticut, Maryland, West Virginia,
and tried to exclude him from the Michigan Debates …
those were just flukes, errors, aberrations … right?
And FOX is “Fair and Balanced.”

There is a way to insure Our Chance to Restore the Republic.

Open the backdoor. Become a delegate to the Libertarian Party Convention.
Go online and Join the Libertarian Party [www.lp.org] before December 31st, 2007. A basic Sustaining Membership http://www.lp.org/organization/bylaws.shtml (Article 5) costs only $25 dollars.
The LP Convention will be held May 22-28 at the Adams Mark Hotel - Denver, Colorado.

Am I suggesting that you change your Republican Party affiliation?
Absolutely not!
I am saying we should play the political game and hedge our bets for Dr. Paul.
The Libertarian Party already has ballot status on nearly every state in the nation.

If you are an Independent join at http://www.lp.org/members/newmember.shtml
If you are a Republican join at http://www.lp.org/members/newmember.shtml
If you are a Democrat join at http://www.lp.org/members/newmember.shtml
If you are a Libertarian (75%+ of you already support Dr. Paul) then for crying out loud renew your membership at http://www.lp.org/members/newmember.shtml

If you are an Independent, Republican, or Democrat and you are hesitant to join the Libertarian Party then
support Dr. Paul today by hedging the bet for 2008 and don’t renew in 2009.
This is about doing the
Big Thing the Right Thing - Right NOW!

We the People have shown we will come out in force for the Good Doctor
and the Secret Plan is very simple. (It’s cleverly hidden below.)

The “Secret Plan:”

1) Swarm the LP convention,
2) Make one by-law change like so,
ARTICLE 12: PRESIDENTIAL AND VICE-PRESIDENTIAL CAMPAIGNS
2. No candidate may be nominated for President or Vice-President who is ineligible under the United States Constitution, {{edit this -- who has not expressed a willingness to accept the nomination of the Party, }}or who is not a member of the Party.

3) Nominate or “Draft” Dr. Paul,

4) “Officially” announce Ron Paul’s nomination AFTER the Republican National Convention.

Rationale:

American politics has become an empty theater devoted only to concentrating power for an anointed few. The evidence of that are the constant attacks on Dr. Paul’s campaign. The fact that Dr. Paul dominates straw polls nationwide yet is maligned by the establishment and in the media is almost a footnote.

If we the people retain the mechanism to nominate Dr. Paul then the establishment loses its control over the process. They cannot simply dismiss Dr. Paul without running the risk of having their candidate hijacked.

Imagine … the people controlling the process. That’s pretty democratic.
Imagine … restoring the republic. That’s pretty republican.
Imagine … following the Constitution. That’s pretty libertarian.

Everybody wins!

Either way it's good for the Constitution, good for America, good for Dr. Paul, and good for us because we the people would finally have a man we can all vote for and know we are doing the right thing. We simply have to beat the establishment at its own game.

Besides, Dr. Paul might actually appear twice on ballots.

Worse things could happen.

tho the 88% devaluation is accurate, it is not accurate to state: -

A dollar in 1950 will buy only 12 cents worth of goods today. (or [1950] $1 = [2007] $0.12.)

the statement as listed is backwards and indicates an INCREASE in buying power rather than the actual decrease.

what would be accurate to say is that it takes $1 in 2007 to buy what 12 cents would in 1950. or $1 would have bought in 1950 what it takes $8.56 in 2007. or [1950]$0.12 = [2007] $1.

keynes has been discredited in many quarters of economic thought, but unfortunately not in those - government & the fed - which impacts the economy most strongly and directly. they still believe in his concepts of deficit spending and increased money supply. though in his defense, while defending the indefensible, he suggested those two actions only during recessionary times and recommended surpluses and stable money in growth times. the federales have ignored the second part of the program.

While I know this doesn't refute the argument of inflation by any means, I am curious what the median gross and net income increase is since those time periods.

Also, what is the cause-effect relationship of minimum wage increases and inflation?

http://Mellomike.com

Some great reading and info for backing up your letters to editors, conversations with friends, family and co-workers here. Worth spending some time on the website.

Keynes happened to get it right in the quote, but in every thing I've read he's not so much renowned as he is reviled. Keynesian economics is generally accepted to have been discredited in the 70's. According to his models the inflationary recession that happened then should have been impossible. Rothbard argues his ideas only became popular at the time because they legitimized inflation and government largess.