solex
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Activity: 1078
Merit: 1006
100 satoshis -> ISO code
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June 30, 2013, 10:09:44 PM |
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In fact, all I see is improvement.
OK. This is 2009. Can't imagine what an updated 2013 image looks like....
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SEC agent (OP)
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Activity: 98
Merit: 10
America, land of the free
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July 01, 2013, 01:56:49 AM |
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To him we are playing with illusions and monopoly money. Its his opinion, and he seems earnest in warning us from our folly.
Actually, no. I'm just making fun of Elwar, and bitcoins are low-hanging fruit.
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"It may be laid down as a primary position, and the basis of our system, that every Citizen who enjoys the protection of a Free Government, owes not only a proportion of his property, but even of his personal services to the defense of it." -George Washington
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pccs
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Activity: 97
Merit: 10
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July 01, 2013, 04:13:56 AM |
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If the dollar is so strong then why did it cost me $4.39 for a gallon of milk the other day?
They're just playin with the numbers and telling people what they want to hear.
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SEC agent (OP)
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Activity: 98
Merit: 10
America, land of the free
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July 01, 2013, 06:08:47 AM |
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If the dollar is so strong then why did it cost me $4.39 for a gallon of the other day?
Because you shop like an idiot? Seriously, I pay $2.75 for a gallon of milk.
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"It may be laid down as a primary position, and the basis of our system, that every Citizen who enjoys the protection of a Free Government, owes not only a proportion of his property, but even of his personal services to the defense of it." -George Washington
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solex
Legendary
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Activity: 1078
Merit: 1006
100 satoshis -> ISO code
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July 01, 2013, 07:11:10 AM |
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Eventus stultorum magister.
Alea iacta est
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pccs
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Activity: 97
Merit: 10
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July 01, 2013, 07:37:56 AM |
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Because you shop like an idiot? Largest grocery store within 100 miles .... don't have much choice around here.
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NewLiberty
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Activity: 1204
Merit: 1002
Gresham's Lawyer
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July 01, 2013, 12:29:52 PM Last edit: July 01, 2013, 02:42:33 PM by NewLiberty |
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If the dollar is so strong then why did it cost me $4.39 for a gallon of the other day?
Because you shop like an idiot? Seriously, I pay $2.75 for a gallon of milk. From the US dept of Labor, Bureau of Labor statistics: Series Id: APU0000709112 Area: U.S. city average Item: Milk, fresh, whole, fortified, per gal. (3.8 lit) Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual 2003 2.686 2.689 2.656 2.674 2.685 2.676 2.708 2.666 2.904 2.905 2.937 2.947 2004 2.879 2.814 2.786 2.906 3.374 3.574 3.479 3.297 3.149 3.161 3.219 3.233 2005 3.304 3.176 3.226 3.225 3.207 3.122 3.090 3.136 3.133 3.171 3.211 3.241 2006 3.197 3.224 3.161 3.123 3.066 3.001 3.083 3.019 3.049 3.064 2.985 3.004 2007 3.067 3.083 3.072 3.135 3.259 3.427 3.736 3.807 3.841 3.838 3.904 3.870 2008 3.871 3.869 3.781 3.799 3.760 3.773 3.961 3.886 3.773 3.656 3.734 3.681 2009 3.575 3.319 3.116 3.084 3.068 3.009 2.992 2.979 2.981 3.046 3.034 3.105 2010 3.236 3.203 3.188 3.140 3.178 3.297 3.313 3.303 3.278 3.321 3.327 3.318 2011 3.301 3.357 3.503 3.597 3.653 3.622 3.654 3.713 3.715 3.622 3.557 3.565 2012 3.583 3.520 3.499 3.474 3.427 3.396 3.428 3.474 3.469 3.524 3.536 3.580 2013 3.526 3.480 3.431 3.428 3.441 So is our SEC agent living in the past, or is not living in USA? Or maybe gets a nice subsidy?
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hashman
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Activity: 1264
Merit: 1008
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July 01, 2013, 01:03:09 PM |
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If the dollar is so strong then why did it cost me $4.39 for a gallon of the other day?
Because you shop like an idiot? Seriously, I pay $2.75 for a gallon of milk. TRWTF is a grown man drinking milk.
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pccs
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Activity: 97
Merit: 10
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July 01, 2013, 02:21:16 PM |
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Ya the good ol days .... the year I was born lol.
Cost of a new home: $19,300.00 Cost of a first-class stamp: $0.04 Cost of a gallon of regular gas: $0.30 Cost of a dozen eggs: $0.55 Cost of a gallon of Milk: $0.49
Dow-Jones High: 767 Low: 646
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sidhujag
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Activity: 2044
Merit: 1005
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July 01, 2013, 05:25:17 PM |
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Because you shop like an idiot? Largest grocery store within 100 miles .... don't have much choice around here. Then thats a supply problem in your area why would u bring that up in context of an argument here??
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SEC agent (OP)
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Activity: 98
Merit: 10
America, land of the free
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July 01, 2013, 06:12:06 PM |
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Because you shop like an idiot? Largest grocery store within 100 miles .... don't have much choice around here. Then thats a supply problem in your area why would u bring that up in context of an argument here?? Exactly.
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"It may be laid down as a primary position, and the basis of our system, that every Citizen who enjoys the protection of a Free Government, owes not only a proportion of his property, but even of his personal services to the defense of it." -George Washington
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SEC agent (OP)
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Activity: 98
Merit: 10
America, land of the free
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July 01, 2013, 06:18:19 PM Last edit: July 01, 2013, 08:04:17 PM by SEC agent |
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So is our SEC agent living in the past, or is not living in USA? Or maybe gets a nice subsidy?
I live in a major US city surrounded by agricultural areas. The milk is produced locally, which may be why I pay slightly less than average. PCCS on the other hand, seems to be paying @ $1 over the average due to his remote location.
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"It may be laid down as a primary position, and the basis of our system, that every Citizen who enjoys the protection of a Free Government, owes not only a proportion of his property, but even of his personal services to the defense of it." -George Washington
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SEC agent (OP)
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Activity: 98
Merit: 10
America, land of the free
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July 01, 2013, 07:46:09 PM Last edit: July 01, 2013, 08:40:10 PM by SEC agent |
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TRWTF is a grown man drinking milk.
Wait, what? Are you actually implying that drinking milk is childish? edit: I absolutely love the irony of someone with the username "hashman" calling something childish ( and using silly internet acronyms like "TRWFT" in the process). The lack of self awareness is palpable.
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"It may be laid down as a primary position, and the basis of our system, that every Citizen who enjoys the protection of a Free Government, owes not only a proportion of his property, but even of his personal services to the defense of it." -George Washington
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NewLiberty
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Activity: 1204
Merit: 1002
Gresham's Lawyer
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July 01, 2013, 09:39:01 PM |
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Back to the point.
Over the last 10 years, our US Dollar, AKA Federal Reserve Note, buys about 45% less milk. Using gold (lets be generous and use the highest price from 2003, US$363.58 and the lowest price from 2013, US$1,180 to make it look as bad as possible) if we were using gold to buy our milk instead of the FRN, we would get about 300% more milk. If we used bitcoin, we'd own the farm instead. So milk has been getting cheaper, just not cheap enough to keep up with the rate that dollars have been getting cheaper.
So dollars go bad faster than milk. Over this time period we did well if we sold dollars for milk, gold and BTC as fast as you get them. Our SEC agent's wisdom must be based on the buy-low sell-high philosophy, the question is, will US$ ever be high? Its on a multi-generational downtrend, we may just be looking for the greater fool.
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SEC agent (OP)
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Activity: 98
Merit: 10
America, land of the free
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July 01, 2013, 09:51:04 PM |
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You are ignoring all of the factors that come into play with the price of milk, besides purchasing power of the dollar.
Subsidies, government regulations, competition, demand, weather (ie: droughts), feed and equipment costs (which are further driven by different subsidies, regs, weather etc) etc. all drive the price of milk.
It is highly disingenuous to say that the increase in price is solely (or even mostly) due to inflation.
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"It may be laid down as a primary position, and the basis of our system, that every Citizen who enjoys the protection of a Free Government, owes not only a proportion of his property, but even of his personal services to the defense of it." -George Washington
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NewLiberty
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Activity: 1204
Merit: 1002
Gresham's Lawyer
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July 01, 2013, 09:54:28 PM |
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Is your suggestion that the Dollar receives no subsidies? Or that it is less than what Milk gets?
I've been rereading your tagline. It is a beautiful sentiment. "It may be laid down as a primary position, and the basis of our system, that every Citizen who enjoys the protection of a Free Government, owes not only a proportion of his property, but even of his personal services to the defense of it." -George Washington
I heartily agree with this. To a Free Government we can devote our property, sweat and blood with pride. Freedom is an outgrowth of Liberty, which is always precious and fragile. From misplaced fear, we must resist plunging daggers into Liberty's breast to spill blood on the altar of security. We would do well to heal those wounds when we are able.
Another brilliant piece of sage advice from our greatest founder:
“Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice.” ― George Washington
This advice was written in 1787 to Jabez Bowen (1739-1815), a lawyer in Providence, was deputy governor of Rhode Island, and is as true today as ever.
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SEC agent (OP)
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Activity: 98
Merit: 10
America, land of the free
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July 01, 2013, 09:57:54 PM |
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No, I am stating that using the price of milk as evidence of runaway inflation is asinine, because it ignores all of the other factors that drive the price.
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"It may be laid down as a primary position, and the basis of our system, that every Citizen who enjoys the protection of a Free Government, owes not only a proportion of his property, but even of his personal services to the defense of it." -George Washington
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NewLiberty
Legendary
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Activity: 1204
Merit: 1002
Gresham's Lawyer
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July 01, 2013, 10:02:37 PM |
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No, I am stating that using the price of milk as evidence of runaway inflation is asinine, because it ignores all of the other factors that drive the price.
Then our Bureau of Labor Statistics is asinine. Tell it to the BLS. The CPI has been adjusted all sorts of ways to reduce the visibility of inflation. It is losing trust as a metric, so this suggestion of how to fix it should be well received by them. Go for it.
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crumbs
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July 01, 2013, 10:11:14 PM |
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No, I am stating that using the price of milk as evidence of runaway inflation is asinine, because it ignores all of the other factors that drive the price.
Then our Bureau of Labor Statistics is asinine. Tell it to the BLS. The CPI has been adjusted all sorts of ways to reduce the visibility of inflation. It is losing trust as a metric, so this suggestion of how to fix it should be well received by them. Go for it. I think you're on the right track. Price of milk should be adopted as the new metric of national economy. All them ivory tower chalkboard economists with their GDP this, standard of living that and their fancy learningz! Got Milk?
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SEC agent (OP)
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Activity: 98
Merit: 10
America, land of the free
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July 01, 2013, 10:26:42 PM Last edit: July 01, 2013, 10:39:30 PM by SEC agent |
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*words*
The government uses multiple metrics to get a more complete picture of actual inflation. The CPI is far from the be-all end-all, and certainly is not the only metric used in measuring inflation and influencing policy-making decisions.
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"It may be laid down as a primary position, and the basis of our system, that every Citizen who enjoys the protection of a Free Government, owes not only a proportion of his property, but even of his personal services to the defense of it." -George Washington
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