The cost of living in America

[Robert Sock]

Is the cost of living in America soaring to more justly represent equality among nations? Is this justice?

[Aelred Minor]

Originally Posted by Robert Sock

Is the cost of living in America soaring to more justly represent equality among nations? Is this justice?

Are you suggesting someone is intentionally making life more difficult for us in America so that we won't be so much better off than people in some other countries?

[Dakota Roberts]

Originally Posted by Robert Sock

Is the cost of living in America soaring to more justly represent equality among nations? Is this justice?

CoL varies greatly upon where you live and how you live in the US after all it is not that much smaller than Europe

[Robert Sock]

Originally Posted by Aelred Minor

Are you suggesting someone is intentionally making life more difficult for us in America so that we won't be so much better off than people in some other countries?

Does God ring a bell?

[Adamski]

I have a healthy 8 month old and three year old and my Heath insurance and medical for my family of four was close to 20,000$ talk about a goverent attack on the family!!

I live in a rural area and have to travel a lot for work and last year I spent 17,000$ on gas!

[Robert Sock]

Originally Posted by Adamski

I have a healthy 8 month old and three year old and my Heath insurance and medical for my family of four was close to 20,000$ talk about a goverent attack on the family!!

I live in a rural area and have to travel a lot for work and last year I spent 17,000$ on gas!

I will be paying around $160 a month for Blue Cross PPO and seldom travel. I fill up my tank about once every few months. I'm fortunate. I'm on disability and I'm really doing OK given my monk-like lifestyle.

But I can see that the cost of living is really hurting a lot of people like yourself. The question in my mind is how much worse is the high cost of living going to go here in America? The government really needs to recognize the special needs, such as your family, and provide a good deal of tax relief.

Although I'm doing OK now, I live in constant fear of losing my disability and becoming homeless. A female friend of mine lost her job and eventually her apartment. She cannot find work. She now shares a house with a rent of $500 per month. When her short money supply comes to an end, she will be homeless. I really feel sorry for such people.

I have come to have hope, and I'm in constant prayer.

[ACCT]

Only governments can cause inflation. Inflation, even global hyper inflation, is baked into the cake. There is now $4 trillion of new unbacked money in the global economy. It takes about 18 months for that new money to translate into inflation. I expect that number to swell to $20 trillion as governments around the world try to inflate their way out of the debt crisis. The dollar will probable lose 50% of its purchasing power in the next 3-4 years. Food and gas have already doubled in price. Expect those prices to double again as we face global hyperinflation. Blame socialist governments around the world for inflation. They have given us monopoly money that is not backed by anything.

Get as far away from this economy as possible! Exchange your monopoly money for alternative money that was created by God. One day all the money in the world will not buy 1 ounce of silver. The Euro is toast. In the long-term, the dollar will be toast.

We are in God's judgment. Man is trying to build a world without God. We love money instead of God (Mathew 6:24). God is letting us fail in a very big way.

[GratefulFred]

Personal Responsibility and Self Discipline are always necessary. There is not much any of us can do about the rising Cost of Living except to do our best to live within our means, as debt free as possible.

The mortgage fiasco America is still suffering from was brought upon our selves becasue TOO many people bought houses their incomes could not afford. Yes the banks were wrong to lend the money (for their profit) to people the banks knew could not afford the mortgage.

Each of us has to do the best we can to take of us.

[ACCT]

The Fed and other central banks
now have NO CHOICE but to
kick the money-printing presses
into overdrive
Look, central bankers have two powerful reasons to despise falling asset prices:

Reason #1: When asset prices fall, they can cripple the entire economy. Corporate earnings and share prices plunge. Unemployment rises. Consumer spending falls off a cliff.

Reason #2: Falling asset prices also make their governments’ debts even more costly to service, as the collateral underwriting most debt shrinks in value.

Plus, Europe is a mess; on the edge of a cliff:

Greece will probably pull out of the euro — or be kicked out — soon.


France’s economy is reeling. Worse, the socialist party has taken over, and is promising to spend MORE money, not less. That means France’s massive debts are about to grow even larger.


Germany’s economy — the only engine keeping Europe afloat at this point — is also sinking.
Here in the U.S., things aren’t much better. The economy is slowing ... home prices are still falling ... unemployment is still sky-high ... and the entire banking sector is still a disaster zone.

And to make matters even worse, we face a fiscal nightmare in just over six months’ time, when the Bush tax cuts expire and when the budget ceiling is hit again.

Meanwhile, Congress is deadlocked, caught up in election year politics — and the candidates are making the usual promises to dole out even MORE money to voters.

MARK MY WORDS:
This IS the calm before the storm!

Larry Edelson

[Robert Sock]

Originally Posted by ACCT

Only governments can cause inflation. Inflation, even hyper inflation, is baked into the cake. There is now $4 trillion of new unbacked money in the global economy. It takes about 18 months for that new money to translate into inflation. I expect that number to swell to $20 trillion as governments around the world try to inflate their way out of the debt crisis. The dollar will probable lose 50% of its purchasing power in the next 3-4 years. Food and gas have already doubled in price. Expect those prices to double again as we face global hyperinflation. Blame socialist governments around the world for inflation. They have given us monopoly money that is not backed by anything.

Get as far away from this economy as possible! Exchange your monopoly money for alternative money that was created by God. One day all the money in the world will not buy 1 ounce of silver. The Euro is toast. In the long-term, the dollar will be toast.

We are in God's judgment. Man is trying to build a world without God. We love money instead of God (Mathew 6:24). God is letting us fail in a very big way.

A lot of what you say is very informative, and I greatly appreciate that. I don't personally see socialism as the cause, however.

As St Paul states, in all things, God works for the good. I'm a big believer in faith, and social justice . . . I believe in equality in goods across nations.

[ACCT]

Originally Posted by Robert Sock

A lot of what you say is very informative, and I greatly appreciate that. I don't personally see socialism as the cause, however.

As St Paul states, in all things, God works for the good. I'm a big believer in faith, and social justice . . . I believe in equality in goods across nations.

Do you believe in equality of outcome, or in equality of opportunity?

The philosophy of socialism is failure. The creed of socialism is igorance. The gospel of socialism is envy. - Winston Churchill

The world's financial structure is based on the socialist teaching of the economist, Keynes.

[Robert Sock]

Originally Posted by ACCT

Do you believe in equality of outcome, or in equality of opportunity?

The philosophy of socialism is failure. The creed of socialism is igorance. The gospel of socialism is envy. - Winston Churchill

The world's financial structure is based on the socialist teaching of the economist, Keynes.

I believe opportunities need to be created in needy countries. I believe whatever it takes to provide goods to poorer nations must be implemented. If it means printing more money, so be it.

[ACCT]

Today’s Fed is like a drug dealer, helping to supply the now debt- and spending-addicted Federal
Government to not only stay in business, but to also stay addicted to overspending.
That’s terrible, I know. And patently wrong. But until the system completely collapses, which itwill — it’s not going to change.
Every time the U.S economy starts to waver, or its debts come into question, or asset prices start
to fall — the Federal Reserve will have no choice but to engage in reflationary schemes, because
it’s now caught in a vicious circle.
If it doesn’t support asset prices and reflate, then the government’s towering inferno of debts and
obligations will come crashing down — and we would have a deflationary depression that would
make the 1930’s look like a walk in the park.
To Washington, that’s not an option. It’s to be avoided at all costs. Even if it means the opposite:
Rampant inflation, a devalued U.S. dollar — and eventually default through inflation — which means
Washington gets to pay back its debts and obligations, but with dollars that are a fraction of what
they were worth before.

Larry Edelson

[ACCT]

Originally Posted by Robert Sock

I believe opportunities need to be created in needy countries. I believe whatever it takes to provide goods to poorer nations must be implemented. If it means printing more money, so be it.

Prepare to become a poor man.

[GratefulFred]

Have we forgotten or do I misundertand THE essential purpose of money?

I make something you need. You make something I need. We go to the market and see each other and exchange our products. We barter.

Money allows us to partake in wider market with many more products, products not of equal value. I sell my widget for $10 and buy your's for $8 and use the remaining $2 to buy somthing else. All of us go make more widgets and repeat the sell purchase cycle again.

The essential purpose of money is to represent the value of production. If something cost $10 but we print too much money and people are willing to pay $20 for a $10 product, how are we better off? What happens to the poor guy who only as $15? Does he go without?

It seems the way to reduce poverty is to find ways the poor can produce things others want to buy. Then the poor make money to buy the things they need.

Simply printing more money does not increase production. Just inflation. IMO.