In the US, why are many prices doubling, tripling? What is going On?

by Fisherman 25 Replies latest jw friends

  • sammielee24
    sammielee24

    As the dollar is worth less it's going to buy less because costs will rise dramatically. You see it happening now. Milk, beef, eggs, cheese, bread - all the staples have been steadily rising and heaven help anyone living in a tourist area that can't get out of there to shop! Prices usually double anyway in those areas during peak seasons which makes it even harder for locals to buy what they need within budget. We got our gas bill for the past month - we are forced to heat with propane because it's the only thing available and it is absolutely ridiculous! $200.00 for the month!!!! We live in a smallish place and keep the temperature reasonable, don't overuse any appliances and don't even live in a really cold climate. The economy is shrinking, the dollar is going down, prices are rising and unemployment but Bush keeps smiling and waving and saying that everything is alright. To get uglier, I have a small amount of money in the bank that I left there without touching for the past 3 months. I decided that I was going to use the account for some savings so I went online to check it out and guess what - I was denied access! A visit to the branch and I was told - too bad, you didn't use it so we closed it. I asked what they did with the money? Don' know said the surly teller. Don't care, said her expression. I told her that was theft - where was the call, or the letter - cripes I just got a statement they could have warned me on that!!! Don't know said the teller. That's the way we do things - here take this brochure and call them if you have a complaint. When I asked if I could speak to the manager she said 'yeah'...but not today, she's too busy. Jerks.

    Anyway, here is piece from Cathy Buckle who writes about living in Zimbawe now - I thought it kind of fit. sammieswife.

    Saturday 9th December 2006

    Dear Family and Friends,
    A shameful and very distressing report has just been released in Zimbabwe. This time it does not come from the UN or any other international body, but from Zimbabwe's own Ministry of Public Service and Social Welfare. Research was undertaken and statistics gathered right across the country and included 58 rural districts and 27 urban areas.

    The report says that living standards in Zimbabwe have dropped by 150% in the last ten years. Malnutrition in children under 5 has increased by 35% and the number of people without access to health care has increased by 48%.

    Seeing the percentages in black and white is bad enough but when you see for yourself the evidence of this dramatic decline, it is truly terrifying. In the last month the basic cost of living in Zimbabwe went up by 47% percent. When you go shopping in a supermarket, everywhere you look people are carrying almost nothing. Finding sources of affordable protein is almost impossible. Meat is a luxury now - out of reach for almost all Zimbabweans. Long, long gone are the days when we would buy strips of biltong to snack on as we walked or when butchers would break off pieces of beer sticks to quieten niggling kids. Now people are buying scraps, bones and something called "shavings" which are the white crumbs which accumulate under the blade of the saws and butchery knives. Cheese is off the menu permanently; eggs and milk are very close behind. This week one single egg is selling for 200 dollars and half a litre of milk for 600 dollars (add 3 zeroes for the real cost). A cup of milk or an egg for breakfast is now the height of luxury and when you understand that, then you understand why malnutrition has increased by 35% in young children.It hardly bears thinking how bad nutrition levels must be in the vast majority of our adult population. Adults who, when you ask them if they have had breakfast say they are not hungry because they have had a "very big drink of water" to fill their stomachs - it will see them through till lunch time.

    Outside the supermarkets these days there are the usual swarm of street children but if you look a bit harder, in between the hordes, you see the really desperate ones. Old men, skin and bone, bare feet, shaking hands, sunken eyes and it makes you just weep to see the depths we have dropped to. So very many people need help now but so few are able to help anymore.
  • Mincan
    Mincan
    This time period reminds me of the mid-1970's...just when we elected Jimmy Carter...he "sounded" good, but he didn't know what the h*ll he was doing. Lord have mercy on us all.

    Ah...no.

    (Do you even understand the 1973 Oil Embargo? Do you realise the United States, up until 1970 was the Saudi Arabia of the world... the "swing" producer? Then after 1970, oil extraction has gone into relentless decline. In 1970 the United States extracted 10 million barrels per day, now it's about half that. By 1973, it was obvious that America would become an importing nation. Cut manufacturing, industry, exports, etc and you get a consumer Walmart bubble society, where everyone just takes out everyone else's laundry... when's the house of cards going to collapse, well it already has started.

    (Used to be investments were made on business, not on investment...)

    Jimmy Carter was the last sane President the United States had. He was the first and only to government fund alternative energy research, he even installed solar panels on the White House roof (you may remember this if you are old enough). He came on TV in a cardigan and told Americans the truth - their way of life was intrinsicly and completely dependant on oil. Turn down the thermostat, buy a smaller car, and invest in alternative energies so when the oil is gone we won't have a human die-off. If the United States had kept up that arrangement, since it takes about 30 years to change a societies energy infrastructure, we wouldn't be up shit creek now...

    Americans got scared...what did they do, throw Carter out of office in a hurry.

    What did Reagan do as soon as he got in office? Tore those solar panels right off the roof, cut all government funding into alternative energy research, and told Americans to stop worrying and keep on a' spending and gluttoning... how did he put it "sunrise on America" or some such nonsense...

    Everyone says Clinton was a great President. I disagree, he was forunate enough to reign while America was having a free ride. The 1990s had the North Sea and Canterall discoveries (the last large discoveries we will have. In 2003 and 2004, not a single field of oil over 6 million barrels was found! To put that in perspective the world uses 85 million barrels a day. And discovery worldwide peaked in 1962) which allowed the 10 dollar a barrel oil we had at the time.

  • Double Edge
    Double Edge

    This time period reminds me of the mid-1970's...just when we elected Jimmy Carter...he "sounded" good, but he didn't know what the h*ll he was doing. Lord have mercy on us all.

    Ah...no.

    Ah...YES.

    One... I remember that period all too well... Carter's real legacy is remembered by those who lived here in the States and lived through it. The following cut-and-paste is EXACTLY as I remember it:

    "When Carter took office in 1977, he received a moderately growing economy in which inflation was 5.4 percent and interest rates were around 8 percent. When he left office, the Soviets were entrenched in Afghanistan, Iranian students had been holding US State Department personnel and US Marines hostage for 444 days, the American military had been gutted by the administration's post-Vietnam cutbacks, American prestige was in tatters abroad and inflation was in the double digits and interest rates were so high it was impossible for Americans to finance large purchases like homes and cars.Carter's administration is without a doubt the worst in modern American history, yet Carter himself blamed his failures on a "national malaise". This "malaise" kept his Democratic party out of power for 12 years; even today it wrestles to free itself from Carter's legacy."

    I do agree with you regarding the oil. The U.S. currently has enough resources to last 200 years IF they would start using shale (convert to oil), but that development doesn't meet with the P.C. "police". We need leadership like that during WWII. Figure out what has to be done, then do it! (alternative resources)

  • PrimateDave
    PrimateDave

    Keep in mind that a dollar is a debt note. In other words, each dollar you receive or spend has been borrowed into existence based on the "faith" in the ability of the United States, via the labor of its citizens and natural resources, to pay back the debt. The problem is paying back a debt with debt notes requires even more debt to be borrowed into existence. If the ability of the borrowers to pay back the debt becomes compromised, then the perceived value of debt decreases, and the debt notes "lose value" in relation to real goods and services.

    As to the global situation, it's unsustainable. I highly recommend Jared Diamond's recent book Collapse: How Societies Choose to Fail or Succeed.

    Avoid the corporate news networks and do some in depth reading to understand what is happening in the world. Books on history, archeology, sociology, geology, and other basic sciences are good for starters. It also helps to understand the nature of energy and its use in the modern world. There is so much to learn and there has never in history been so much information and knowledge available to anyone practically at their fingertips.

    Dave

  • worldtraveller
    worldtraveller

    30 years later and same crap-different party.

  • Mincan
    Mincan

    Ah...YES.

    One... I remember that period all too well... Carter's real legacy is remembered by those who lived here in the States and lived through it. The following cut-and-paste is EXACTLY as I remember it:

    "When Carter took office in 1977, he received a moderately growing economy in which inflation was 5.4 percent and interest rates were around 8 percent. When he left office, the Soviets were entrenched in Afghanistan, Iranian students had been holding US State Department personnel and US Marines hostage for 444 days, the American military had been gutted by the administration's post-Vietnam cutbacks, American prestige was in tatters abroad and inflation was in the double digits and interest rates were so high it was impossible for Americans to finance large purchases like homes and cars.Carter's administration is without a doubt the worst in modern American history, yet Carter himself blamed his failures on a "national malaise". This "malaise" kept his Democratic party out of power for 12 years; even today it wrestles to free itself from Carter's legacy."

    So, Americans do believe that the President is the be all and end all of the democratic republic institution?

    Sad...

  • 5go
    5go

    The Dollar Collapse I am famous for preaching about, is here.

    We are going to see hyperinflation before long.

  • sammielee24
    sammielee24

    ROTFL....can't help myself! The government paid for 308,000 barrels of oil but gee....ummm...they didnt' get it. It's long been a joke that the oil supposedly shipped isn't the number recieved so you have to wonder now - where's the money going..

    How do you not notice when 308,000 barrels of oil go missing?

    That's the question government auditors were asking after they looked into the Department of Energy's management of oil received for the Strategic Petroleum Reserve, a critical program to assure energy stability in the U.S. in case of an oil crisis.

    To help add to the reserve, DOE receives a portion of the royalty oil that the Department of the Interior gets in return for allowing petroleum companies to drill on government lands and waters.

    The department's Inspector General Gregory H. Friedman and his auditors found that in 28 percent of the oil transfers they examined, the amount received did not match the estimated amount to be shipped by the Interior Department's Minerals Management Service.

    "To illustrate our findings regarding discrepancies

    sammieswife.

  • rekless
    rekless

    What is driving the higher prices is the stock market, more exact the future markets...

    New technology(i.e. ethanol fuel) three years ago I paid $1.89 a bushel for corn(because I was going to be smart and out fox the natural gas company) I bought a corn /pellet stove for my heat now I pay $4.86 a bushel and it is going up each day.

    Here in South Dakota ethanol gas was 10 cents cheaper than unleaded now it it is one or two cents cheaper.

    Soy beans were $2.46 a bushel now they are over $10.00 a bushel.

    Every thing is run by the futures--pork bellies to building material

    dan

  • VoidEater
    VoidEater

    they produce nothing of value that anyone wants

    I understand the President is proud of our exporting democracy to the rest of the world...I think we mine that domestically still.

    There's also Grand Funk Railroad.

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