Ferguson Riots

#3,301
#3,301
govols/cc said:
That statement just shows how unrealistic & ignorant you really are.
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Isn't that the exact argument most idiots who complain about inflation us? "But look at how much more expensive everything is!" Look at how salaries have risen as well. Disposable income is at an all time high.
 
#3,302
#3,302
Vol8188 said:
Isn't that the exact argument most idiots who complain about inflation us? "But look at how much more expensive everything is!" Look at how salaries have risen as well. Disposable income is at an all time high.
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In the past 20 years & longer the disparity between wages & cost of EVERYTHING gets wider & wider. Not sure if you have ever worked for a real company but those bonuses, cost of living raises, & any other perks that use to be are being taken away. Taxes & health insurance doesn't get better or cheaper. Jobs aren't being created they're getting taken away with the excess workload dumped on whoever is left. Do you think they get paid more? Lol. That or temps are used & disposed of & replace with more temps as needed. Things aren't getting better & don't look like they ever will. I guess it's a good think folks like you love welfare because plenty of people are gonna eventually need it. Didn't have that in the 1920s though people just did on their own what they had to do to survive.
 
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#3,303
#3,303
Yamiche AlcindorVerified, from USA Today, is reporting that the Director of Elections said that only 128 people registered to vote and not the 3,287 figure that had previously been reported. Tomorrow is the deadline to register for the November elections.
 
#3,304
#3,304
Burhead said:
Yamiche AlcindorVerified, from USA Today, is reporting that the Director of Elections said that only 128 people registered to vote and not the 3,287 figure that had previously been reported. Tomorrow is the deadline to register for the November elections.
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Are they cross checking for warrants at registration?
 
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#3,305
#3,305
Vol8188 said:
Inflation decreases the value of your debt. Deflation increases the value of debt. So deflation is only beneficial for people who have more money than they owe.
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Look, I understand that the phrase "inflation is good for debtors" is repeated by bankers and Keynesian economists so much that it is widely accepted as fact. So you're going to have to put your thinking cap on to see through it. In your scenario the value of the debt did go down, but guess what else was devalued by 3%... the whole currency. That means the persons paycheck is worth 3% less, their EBT card will buy 3% less, any government benefits will be worth 3% less. Assets, on the other hand, like real estate and stocks are likely to increase in value. That's a big contributor to the expanding wealth inequality gap.

There are groups that benefit greatly from inflation. Typically they're the groups that have first use of money as the supply is expanding like governments and banks. Investors can also use borrowed money to buy assets that will increase in value exceeding inflation. The average American is at the tail end of the monetary expansion however, and they have to use a greater percentage of their income on consumables, necessities and liabilities. If their wages do catch up, they lag behind the price increases. Also keep in mind, the real inflation is almost always higher than the CPI number the gov puts out.
 
#3,306
#3,306
govols/cc said:
In the past 20 years & longer the disparity between wages & cost of EVERYTHING gets wider & wider. Not sure if you have ever worked for a real company but those bonuses, cost of living raises, & any other perks that use to be are being taken away. Taxes & health insurance doesn't get better or cheaper. Jobs aren't being created they're getting taken away with the excess workload dumped on whoever is left. Do you think they get paid more? Lol. That or temps are used & disposed of & replace with more temps as needed. Things aren't getting better & don't look like they ever will. I guess it's a good think folks like you love welfare because plenty of people are gonna eventually need it. Didn't have that in the 1920s though people just did on their own what they had to do to survive.
Click to expand...

And then we left the farms and everything changed. Jobs are being created. Are they being created as fast as most would like? Of course not. But disposable income is at an all time high. So to argue that wages are down and expenses are up, is completely illogical.
 
#3,307
#3,307
Vol8188 said:
And then we left the farms and everything changed. Jobs are being created. Are they being created as fast as most would like? Of course not. But disposable income is at an all time high. So to argue that wages are down and expenses are up, is completely illogical.
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What jobs are being created? The disposable income line is garbage too.
 
#3,308
#3,308
Vol8188 said:
And then we left the farms and everything changed. Jobs are being created. Are they being created as fast as most would like? Of course not. But disposable income is at an all time high. So to argue that wages are down and expenses are up, is completely illogical.
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wages are up thanks to the boom created by fracking on private land

wages aren't up because a bunch of burger flipping morons think their labor is worth $15/hour
 
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#3,309
#3,309
red butler said:
Look, I understand that the phrase "inflation is good for debtors" is repeated by bankers and Keynesian economists so much that it is widely accepted as fact. So you're going to have to put your thinking cap on to see through it. In your scenario the value of the debt did go down, but guess what else was devalued by 3%... the whole currency. That means the persons paycheck is worth 3% less, their EBT card will buy 3% less, any government benefits will be worth 3% less. Assets, on the other hand, like real estate and stocks are likely to increase in value. That's a big contributor to the expanding wealth inequality gap.

There are groups that benefit greatly from inflation. Typically they're the groups that have first use of money as the supply is expanding like governments and banks. Investors can also use borrowed money to buy assets that will increase in value exceeding inflation. The average American is at the tail end of the monetary expansion however, and they have to use a greater percentage of their income on consumables, necessities and liabilities. If their wages do catch up, they lag behind the price increases. Also keep in mind, the real inflation is almost always higher than the CPI number the gov puts out.
Click to expand...

Actually most government benefits are annually adjusted for inflation, as are the incomes for most people. Most people don't make today what they made last year or two years ago, their wages normally go up. So you make 3% more, typically.

Once again, it benefits those with debt. Because your debt becomes devalued and your wages (your ability to pay that debt) increases.
 
#3,310
#3,310
Vol8188 said:
Actually most government benefits are annually adjusted for inflation, as are the incomes for most people. Most people don't make today what they made last year or two years ago, their wages normally go up. So you make 3% more, typically.

Once again, it benefits those with debt. Because your debt becomes devalued and your wages (your ability to pay that debt) increases.
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Yes, after a year of paying higher prices the benefits are adjusted to the CPI. Guess how many times the formula used to calculate CPI has been "adjusted" to reflect a lower CPI than actual inflation.

You must be a raving liberal because you appear incapable of rational thought.
 
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#3,311
#3,311
red butler said:
Yes, after a year of paying higher prices the benefits are adjusted to the CPI. Guess how many times the formula used to calculate CPI has been "adjusted" to reflect a lower CPI than actual inflation.

You must be a raving liberal because you appear incapable of rational thought.
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The rational thought here is very easy. Inflation devalues debt. So if you have more debt than savings (most people under 50), it benefits you.
 
#3,312
#3,312
Was looking at Facebook & saw a post on the feed about the new prescription law. My god at the people on disability & Medicaid complaining about having to go to the Dr more often to get free s***
 
#3,314
#3,314
govols/cc said:
What jobs are being created? The disposable income line is garbage too.
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The building industry is booming like no other right now. I got a job about a two years ago, I have been getting phone calls and emails from architecture firms (my field) asking if I am still looking for a job from emails and resumes sent in two and half years ago. There is growth but the whole market hasn't caught up yet. Some areas (both geographically and industry) felt the recession later than others, some never got hit, most are still trying to get back to pre-recession numbers.
 
#3,317
#3,317
Vol8188 said:
1. Of course you'll take that a more/less answer, because you didn't give enough information. But thanks to inflation your debt is now worth less than it was to begin with:

Example: if you owe 100,000 on your home and inflation is expected to be 3% for the next year. Inflation would make it as if you had only narrowed 97,000. Inflation decreases the value of your debt. Deflation increases the value of debt. So deflation is only beneficial for people who have more money than they owe.

2. What? So most people should live in 40-50k dollar homes? Do you make the same amount of money that you payed for your home?
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For answer 1, you fail. If you owe 100,000 and have 3% inflation, you effectively owe 103,000 due to the decreased value of the capital to pay it back.

You are the one that stated "people are buying homes for more than they make in a year", not me.
 
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#3,318
#3,318
Vol8188 said:
The rational thought here is very easy. Inflation devalues debt. So if you have more debt than savings (most people under 50), it benefits you.
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You are so typical of the youth of today it's pathetic. You really don't under stand how finances work do you? Thank God my kids will never see the inside of your classroom. Inflation does not devalue debt, debt is unchanged. It devalues the capital used to pay it back. It's really a simple concept.

Cool story as an illustration. I was approached by a telemarketer for mortgages. She was going to get rid of my debt. I asked her several times how she was going to do that. She said she was going to refinance my house and pay my debt off. I wouldn't owe anyone anything. Ergo, no debt. I asked her if I have to pay the mortgage back. She said of course. Case closed.
 
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#3,323
#3,323
Exactly, it has nothing to do with justice. I don't know the exact details of the assault on the police officer so I don't know if the deadly force was necessary. Judging by the damage to his face it would seem that he was fighting for his life against a HUGE guy that just strong arm robbed a convenience store. I know a cop in Charlotte had an old lady start driving off while his arm has rolled up in her window and he double tapped her thru the back of the head....no charges. If this dude was trying to beat the cop to death or put his hands on the cops gun then he surely deserved to be shot until he was no longer a threat. All hell will break loose there when he is let off...and those folks will likely destroy their own community. If they can spend their weeks just sitting and standing around then none of them have jobs anyway....what else are they gonna do??? The sad part is my tax dollars pay for their food, rent, blunts, weed, alcohol, medical care, jail stays, etc etc etc...i know I'm a racist pig for saying that right? truth is truth...my sisters are both black and they have made good lives for themselves. It's a huge cultural problem not a case of no opportunities for minorities. Laziness.
 
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#3,325
#3,325
marcusluvsvols said:
Exactly, it has nothing to do with justice. I don't know the exact details of the assault on the police officer so I don't know if the deadly force was necessary. Judging by the damage to his face it would seem that he was fighting for his life against a HUGE guy that just strong arm robbed a convenience store. I know a cop in Charlotte had an old lady start driving off while his arm has rolled up in her window and he double tapped her thru the back of the head....no charges. If this dude was trying to beat the cop to death or put his hands on the cops gun then he surely deserved to be shot until he was no longer a threat. All hell will break loose there when he is let off...and those folks will likely destroy their own community. If they can spend their weeks just sitting and standing around then none of them have jobs anyway....what else are they gonna do??? The sad part is my tax dollars pay for their food, rent, blunts, weed, alcohol, medical care, jail stays, etc etc etc...i know I'm a racist pig for saying that right? truth is truth...my sisters are both black and they have made good lives for themselves. It's a huge cultural problem not a case of no opportunities for minorities. Laziness.
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this is a case where the attached issue of racism has taken over the case, irregardless of how it actually turns out. I hope that if the cop is innocent, which remains to be seen, there is video of him getting beat up before pulling the gun. That would prove that this is a racial issue vs a justice for Michael Brown issue.
 
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