Legal tender, except for abortion and birth control
Wikimedia Commons | Altered by Dan
Much of the wackiness so far in the Virginia General Assembly’s 2013 session has come out of the state Senate. I’m talking about their silly redistricting plan and Sen. Bill Stanley’s constitutional amendment establishing a right to shove your religion down someone else’s throat.
Evidently the House of Delegate is feeling overlooked in the crazy department. They must feel it’s necessary to play some catch-up. Because they’ve come out with some doozies just this week.
Del. Bob Marshall | AP photo
The nuttiest, by far, passed the House Monday night. Sponsored solely by Del. Bob Marshall, R-Prince William (no wonder, and who else?) it’s a resolution establishing a commission that anticipates the collapse of the Federal Reserve and would figure out a Virginia state currency to replace the dollar.
No kidding. This actually passed the House Monday night by a vote of 65-32. I am not making this up. Click on that tally to see how your lawmakers voted.
It’s never occurred to me Virginia would need a replacement currency in such circumstance. After all, if the Federal Reserve goes belly up, a lot of other things — and nations — are going down with it.
There will be such utter chaos that it’s almost amusing to contemplate anyone cranking up a Virgina State Mint in Richmond. Lead and gunpowder will be worth a lot more than gold under such circumstances, which will never happen. But anyway, the resolution is a reality, no matter how unreal it seems.
So let’s put our thinking caps on about this new currency. I might pen a column about this, so any ideas you have are appreciated — I’ll surely pinch the best ones.
The tree-hugging Marshall’s resolution calls for a metal coin. This raises a number of interesting issues.
- What material should it be made of, and why?
- What should we call this new currency? Please elaborate.
- Whose visage would you put on it? Explain.
- What would you put on the flip side, and why?
- What Latin slogans should it be decorated with? Get on Google translator and suggest some good ones. My personal favorite is “ILLA SERVIT, ILLE REGIT” (She serves, He rules) but I’m sure there are some other goods ones.
- Finally, what could you NOT buy with Virginia’s new currency?
Because, after all, this Del. “Taliban Bob” Marshall we’re talking about. It’s a stretch to believe he would suggest anything that’s “legal tender, for ALL debts, public and private.” Certainly he will be tempted to proscribe a few.
Put your answers in the comments below, and have fun, folks!
February 5, 2013 - 2:32 PM
I’d suggest calling it the Loonie in honor of Bob Marshall, but that’s already taken.
Another attack on a Republican by the Democratic Party controlled Roanoke Times.
It should be made of Virginia Uranium, and should be carried in a Aluma Wallet.
Wow,and he gets paid for this.
“establishing a right to shove your religion down someone else’s throat.”
no different than healthcare being shoved down our throats…except that in healthcare, there are a lot of issues that deal with life and death and at least ‘shoving religion’ certainly doesnt do anyone any harm
Please, please, folks, don’t let this thread get derailed by responding to pammala’s silly comment.
I really want the best of your wit to help me turn this into a column.
(Pistol Pete, thanks for the idea. You’ve got a winner there).
What material should it be made of, and why?
— a plug nickel — which is about what it would be worth
What should we call this new currency? Please elaborate.
— the marsh — guaranteed to sink like a stone and be just as useful
Whose visage would you put on it? Explain.
—Taliban Bob’s of course — that shows its power and importance
What would you put on the flip side, and why?
— In God he trusts — In his nation, not so much
What Latin slogans should it be decorated with?
— asinus inter simias — a fool among people who make a fool of him (loosely)
Finally, what could you NOT buy with Virginia’s new currency?
— anything — Even if the Federal Reserve “collapses”, Bob Marshall will still be a fool.
I would have to agree that commodities like gun powder would be more valuable that gold if the Fed collapsed. If you’re starving you can’t eat gold. Before that happens I would suggest at least an alternative competing currency to combat the collapsing dollar. The dollar has lost 98% of it’s value since the creation of the private Federal Reserve in 1913.
I’m sorry but I seem to remember from U.S. History class,
a group of Southern states tried this about 150 yeas ago.
How did that work out?
Well done, Pistol Pete! Uranium gets my vote for the material.
As for names, let’s continue Pistol Pete’s thought and call the coin or coins “Fat Man” or “Little Boy” or “Chernobyls.”
Put a picture of a bottle of mooshine on one side and a marijuana leaf on the other. If the Federal Reserve fails, moonshine and weed may well be in high demand.
I was heading down the path of calling the coin the “Bobby,” after the originator of the resolution. But he’s a modest chap, and he may decline the honor, and it might be a bit unseemly to name the thing for him before he’s dead, anyway.
So then I hit on “Virgin,” which makes a lot of sense, given the state’s name — there’s no way Bob Marshall would object to that.
(I’ve actually designed the “Virgin,” by the way. It looks pretty cool.)
Call it the “Fetus”.
top: pendulum oscillationes
bottom: civitatis ad paupertatem
What material should it be made of, and why?
Unobtanium
What should we call this new currency? Please elaborate.
The shill.
Whose visage would you put on it? Explain.
Moe Howard (or Larry Fine)
What would you put on the flip side, and why?
The slogan “Sic semper ignoramus”
Finally, what could you NOT buy with Virginia’s new currency?
Firearms or congressional seats.
Regarding the motto for the “Virgin” or the “Marsh” or whatever is chosen, I am torn.
First I’d try “Stultus quod suus viaticus es nunc secui”. This translates “A fool and his money are soon parted.” The sentiment seems altogether appropriate but it is a tad long.
Next–for brevity’s sake: “Operor non recipero ullus memorosus nickles.” This is roughly “Do not accept any wooden nickles.”
Dan,
I think the resolution, as I read it, states that the currency will be made of sliver and/or gold.
Interesting that you suggest that “…lead and gunpowder will be worth a lot more…” Are you suggesting that citizens would actually have to defend themselves in some unseen circumstance?
How many predicted the “chaos” of the EU 10/15/20 years ago? Do you not understand that a continuous “printing of money” by the fed, devalues our currency?
Our gas prices have doubled in this administration, prices for meat, cheese etc… have risen double digit percentages. Grocery stores are now selling 12oz packages of product for the same price of previous 16oz packages (I understand some sheeple may not realize this “hidden inflation”).
What is the real harm in having a “contingency” plan, with a currency that has been stable throughout the ages and accepted worldwide? Do you not have certain “contingency” plans in your own household for unintended or unforeseen scenarios? Most financial planners suggest having 10/20% in silver/gold.
I will give you some Latin, not for the coin, but for your consideration; “me putat faciat homo, dissentiente nimium”
You should be more worried about this. Here’s your boy laying out exactly how he can kill US citizens, without any due process, with no defined geographical limits, and no real evidence necessary. It’s all fine and good when it’s a guy in a dishiki hiding in a cave on the other side of the earth. How about they start deciding who is and isn’t a “threat” inside the US and start knocking off US citizens on domestic soil without charges, evidence, and due process?
Yep, selectivity when applied to your inalienable rights doesn’t look so good after all.
http://www.democracynow.org/2013/2/5/kill_list_exposed_leaked_obama_memo
Dan,
Might you ask Mark J. to opine regarding the consequence of china’s currency being continually elevated in the world market and the effect that has on the US dollar?
I do appreciate hearing his opinions.
Should be called the Ninny and the motto would be gubernatióne nincompoops
My daughter’s comment when I sent her this story
“Oh…..my…..God
They’re like my boys. You take your eye off them for one second and it’s lord of the flies.”
“Grocery stores are now selling 12oz packages of product for the same price of previous 16oz packages (I understand some sheeple may”
You crack me up mikeo. This has nothing to do with inflation and everything to do with bottom-line padding. It’s called the “free market”. I know some RWers don’t understand this.
http://www.bls.gov/news.release/pdf/cpi.pdf
Inflation last year was very low…less than 2 %. I guess you’re trying to sell “hidden inflation” because there’s not enough actual inflation to support your point.
Put a picture of Marshall on the front and a coat hanger on the back.
“What is the real harm in having a “contingency” plan, with a currency that has been stable throughout the ages and accepted worldwide? Do you not have certain “contingency” plans in your own household for unintended or unforeseen scenarios?”
–mikeO
mikeO
OMG, you take the cake. Of all the many posters on this blog, you are both the most humorless and have the least powers of foresight. The latter, obviously, explains why you asked me to contemplate the rape of my daughter. It never even occurred to you that might be an unseemly question. Never crossed your mind!
Buddy, Marshall’s entire idea is completely absurd. And that you’re unable to comprehend that makes it ever funnier.
Let me try to explain it to you this way:
The collapse of the Federal Reserve would be the financial equivalent of a worldwide nuclear war, or a tsunami on the scale of Phuket, affecting most of the developed world. Marshall’s proposal is as ridiculous as the notion, in the late 1950s and early 1960s, that homes ought to have little cinder-block rooms with shelves that could hold some water and a few hundred cans of peas, to help Americans survive a nuclear holocaust. Marshall is saying, “we better buy a state snorkel so we’re prepared for that big tsunami!”
The idea that Virgina is going crank up a mint to print its own coinage when the entire financial world is collapsing, and that it might make any difference at all, is absolutely ludicrous. And to the extent that it makes Virginians believe “we are prepared for a Fed collapse!” it’s wrong and potentially dangerous.
Have you built a bomb shelter in your home, mikeO? No? Why not?
Yes Symbols, just any old American could so easily be mistaken for “senior operational leaders,” of al-Qaeda or “an associated force”. The ship has sailed and like AR-15′s at the Kroger, the genie is not going back in the bottle on hunting terrorists, whether in Syria or an Alabama bunker.
I have no doubt that power gets abused, I have doubts that selective outrage over it will ever matter. The Patriot Act, Homeland Security and drones are a done deal.
■What material should it be made of, and why?
Silver. It has tangible value.
■What should we call this new currency? Please elaborate.
Virginia dollar???
■Whose visage would you put on it? Explain.
Robert E. Lee. He was a great Virginian and honorable man who turned down a better offer to risk it all to defend his home.
■What would you put on the flip side, and why?
The Virginia state flag. It’s arguably the best state flag of the 50.
■What Latin slogans should it be decorated with? Get on Google translator and suggest some good ones. My personal favorite is “ILLA SERVIT, ILLE REGIT” (She serves, He rules) but I’m sure there are some other goods ones.
We don’t need Latin any more than we need Spanish.
■Finally, what could you NOT buy with Virginia’s new currency?
It’s your money, buy whatever you please.
BTW, “Sic Semper Tyrannis” as part of the Virginia state seal meets the Latin request and should stay, but certainly nothing else in its place or added.
Marshall’s currency should be made out of tin foil. It would serve two purposes: currency and he could fold it up and use it as his spare tin foil hat.
How does that clown get reelected?
The coin should be made of pyrite (fool’s gold)
Call it the Va. Fool
One side should feature Alfred E. Neuman (or George Allen, same difference)
The other side a Muslim Taliban Mullah with Taliban Bob’s face.
Inscription The Latin for “stupid is as stupid does”
The coin would only be good for contributions to Cuccinelli’s campaign.
What material should it be made of, and why?
Cow dung. It would be very easy to smell a counterfeit.
What should we call this new currency? Please elaborate.
Rounds. It would be a positive use of the term.
Whose visage would you put on it? Explain.
Jesus of Nazareth. See flip side for details.
What would you put on the flip side, and why?
Obama. A two headed coin representing the two idealogical extremes.
By this time everyone will have had to pick one side or the other.
What Latin slogans should it be decorated with?
rota in bus vado rotundus quod rotundus
(the wheels on the bus go round and round”
Finally, what could you NOT buy with Virginia’s new currency?
Scooters or Hybrids.
I’m sure the Richmond Mint could print a billion dollar coin. You could Delegate Marshall’s image on one side and mike o on the other side. I suggest dark chocolate with mint creme in the middle.
It’s OK for them to kill US Citizens that they unilaterally deem a “threat” with no real evidence or actual plan as to imminent threat. No accountability.
People were outraged at GWB not having evidence of WMD, prisons detaining people without due process, water boarding, etc. but this Administration OKs killing US Citizens with no accountability and he gets a pass.
That’s insane.
It would be different if
JohnWilburn lives. Who knew.
Terps, get the story straight. People were outraged that W flat lied about WMD “evidence” and shilled that crap long enough to get us in a completely pointless fiasco in Iraq.
You know Virginia politics has gone off the deep end when you open national news websites and turn on the national news on TV, and the face of extremist GOP politics is Bob Goodlatte. Not a good time in Virginia politics. Just embarrassing. Wanted to remove my Obama bumper sticker due to the gun extremists, but had to leave it on to say, “Don’t blame me for these fools.”
Kristen, your issue is with the tie-dye shirt wearing Bugman, not Terps.
Terps, get the story straight. People were outraged that W flat lied about WMD “evidence” and shilled that crap long enough to get us in a completely pointless fiasco in Iraq.
Nope. I’m refuting this MSM-foisted lie whenever I see it, no matter how many times it takes. A decade ago, EVERYBODY was saying Iraq had WMD. All the prominent Democrats were saying it, including the Clintons. Hillary said she had verified it through her own sources and not through GWB.
This whole myth that Bush alone claimed WMD is one huge lie.
Oh sorry terps. Dans right, my post was for bug man.
(o\ ! /o),
First, let me say that I’m not crazy about using drones to kill anyone, let alone U.S. citizens. Second, I’m not crazy about it use to kill Anwar al Awlaki, who was a know al Quaida operative who plotted to blow up airliners with shoe bombers.
However, to compare that to GWB and his neocon advisers trumping up Weapons of Mass Destruction evidence that led to the killing of more than 5000 U.S. service men & women, 10s of thousands wounded U.S. servie personnel, the deaths and wounding of countless allied service personnel and 10s of thousands of civilians in Iraq is a bit of a stretch.
Bottom line is that I would prefer to use drones to kill enemy combatants than boots on the ground anyday.
Kristen:
“JohnWilburn lives. Who knew.”
Like you miss me.
Ron May,
Is Colin Powell a “neocon”?
I don’t disagree with you about using drones to do the job of boots on the ground, wherever feasible.
Others have the money’s design pretty well covered, but here’s an idea inspired by both the missing Confederate gold and Bedford County’s Beale treasure:
Encourage tourism by announcing you’ve buried the currency somewhere in Va. Call it the Zeal Treasure.
Sell maps in cryptic code based on the Republican redistricting criteria (the maps would change without notice).
Require anyone searching for it to use ultrasound probes.
Pass stand your ground laws to protect searchers from disgruntled livestock, but only if they shoot the cow with at least thirty rounds of high caliber bullets.
Make treasure hunters exempt from all environmental regulations, and have the state AG sue anyone who questions their impact on the environment.
If any digging is done by undocumented workers, they may dig if they are doing so for a Republican, otherwise they must be deported immediately.
If the value of a claim by an individual is enough to live on for even one day, require that the finder keep digging for free until the claim’s value is less than minimum wage for the number of hours dug.
In the event of a claim by a large corporation, deny that the it’s the state’s money, and insist that they keep it all.
Good old bugs can’t even stick with the topic.
Ron May — February 5, 2013 @ 9:47 pm #35: +1 “Bottom line is that I would prefer to use drones to kill enemy combatants than boots on the ground anyday.” War is not a pretty thing. Fighting terrorists is what it is. Pretending this was not going to be the outcome is just plain hypocrisy.
“The founding fathers expected an executive who tried to overreach and expected the executive would be hampered and curtailed by the legislative branch… They [Congress] have basically renounced — walked away from their responsibility to oversee and check.” — Bruce Fein
Recently, Fein has been in the national spotlight after his editorial in the online newsmagazine SLATE called for the impeachment of Vice President Dick Cheney, in which he outlines the various cases against the Vice President. Fein also testified in front of the House Judiciary Committee on June 27, 2007 about President Bush’s use of “signing statement.”
* According to Fein, Cheney has: Asserted Presidential power to create military commissions, which combine the functions of judge, jury, and prosecutor in the trial of war crimes.
* Claimed authority to detain American citizens as enemy combatants indefinitely at Guantanamo Bay on the President’s say-so alone.
* Initiated kidnappings, secret detentions, and torture in Eastern European prisons of suspected international terrorists.
* Championed a Presidential power to torture in contravention of federal statutes and treaties.
* Engineered the National Security Agency’s warrantless domestic surveillance program targeting American citizens on American soil in contravention of the Foreign Intelligence Surveillance Act of 1978.
* Orchestrated the invocation of executive privilege to conceal from Congress secret spying programs to gather foreign intelligence, and their legal justifications.
* Summoned the privilege to refuse to disclose his consulting of business executives in conjunction with his Energy Task Force.
* Retaliated against Ambassador Joseph Wilson and his wife Valerie Plame, through chief of staff Scooter Libby, for questioning the administration’s evidence of weapons of mass destruction as justification for invading Iraq
“On January 20th, 2009, if George Bush and Dick Cheney are not appropriately held to account this Administration will hand off a toolbox with more powers than any President has ever had, more powers than the founders could have imagined. And that box may be handed to Hillary Clinton or it may be handed to Mitt Romney or Barack Obama or someone else. But whoever gets it, one of the things we know about power is that people don’t give away the tools.” — John Nichols”
http://www.pbs.org/moyers/journal/07132007/profile.html
Comment by Sandi Saunders — November 19, 2009 @ 2:59 pm
Comment by Sandi Saunders — March 31, 2011 @ 10:14 am
At least I have been consistent.
Made of? Peanut. If the Federal Gubmit falls you might as well carry around something grown in Virginia and if nothing else, you can eat them goobers.
Call it Manna “from the land down under, looka way, looka way…”
Wrap’em in a 50 pack of “Donnies” in honor of little Bobby McDonnell.
Of course I would wrap this up in the honor of a short bio and pic of Gen Lee on the flip side of the package of peanuts. Give it some prestige.
Muerte a la Unión, viva Virginia! Wait that’s not Latin, but our demographics are changing.
Why Guns of course, Guns would immediately be taken as a threat to the Virginia state and quickly rounded up.
RE: Inflation (@Kristen) – Prices on almost EVERYTHING have been going up. The BLS does not include food and energy costs in their CPI scores, so just looking at the “official” inflation numbers from our govt doesn’t give you a true pic of how bad things are. My healthcare insurance went up 25% this year alone. (And I work for the biggest healthcare provider in the Valley…)My electric bill has skyrocketed! Gas prices are at record highs for February. Anyone who has gone grocery shopping in the last couple years has noticed they are paying much more for much less. Almost every manufacturer is shrinking the size of their products hoping we won’t notice. Have you noticed your “half gallon” of ice cream is no longer a half gallon? Crackers, chips, cookies, canned goods are all shrinking. And guess what? Home values are still way down as anyone in Roanoke who got their annual tax appraisal will tell you. This is the new normal, also known as Obamanomics. Own it!
Your post makes no sense, Paddy, sorry. Stringing off a series of unproven factoids doesn’t make for an argument. Gasoline isn’t subject to inflation, it itself is an inflationary driver. I’m not bothering with your ice cream story – I addressed that above, and it has nothing to do with Obama. The real estate crisis predates his time in office. You’re spouting nonsense…own that.
If it was Obama who crashed our economy or who established the economic principles that business operates under, I would. Since that is not the case, you are blaming Obama just because you feel like it Paddy O’Ryan, especially since ALL of those same things happened under Reagan, Bush 1, Clinton and Bush 2.
Inflation is not just goods. Inflation is also services like interest rates. Inflation was higher in 2007 for instance.
http://www.usinflationcalculator.com/inflation/current-inflation-rates/
Kristen, re: 7:04
If a grocery store decided to sell the same 16oz package, but had to increase the price 20%, would you consider that inflation?
Paddy,
Obviously some would rather believe what they are “told” as opposed to what they actually experience. Using Kristen’s logic if you paid $1 for a loaf of bread yesterday and today you can only get one slice for the same $1, that is not inflation.
They want to believe our “currency” does not have less value (opposite any economic theory) , it is just “rich” wanting to get “richer”. Economists across the board understand that continuous printing of currency devalues it’s worth. Some just want to bury their head in the sand.
Dan, re: 7:16
I admit we just disagree. I have never seen any harm in preparation.
I don’t have a “bomb” shelter, but I do have a generator, which has come in handy when storms have caused power outages in our remote neighborhood. Admittedly, my generator would not help thousands, but it sure helped my family and my neighbors. Just like a solid VA currency may not help the entire USA but it could help some.
As stated above, some want to bury their heads in the sand, hoping “bad things” will never come to pass. That did not work so well for the “tech” bubble or the “housing” bubble in recent times, it did not work for “pearl harbor” or “911”. Those who suggested these possibilities were ridiculed by the “sand heads”.
Mikeo, outside of their home brands, grocery stores are at the mercy of the food manufacturers and packagers and THEIR sizing and THEIR pricing. If I can sell a store 11 eggs and charge the same as I did for 12, why wouldn’t I? I’m making more $$ of my product. Is that inflation? Or is it just adding to my bottom line and serving my stockholders.
Instead of this personal anecdoting and hypothesizing, look at the actual statistics. Inflation in this country is low, period.
mikeO, there are more nuclear weapons than ever before. More countries now have them than ever before. Terrorists are closer to getting them than ever before.
Yet you don’t have a bomb shelter with 50 gallons of water in it and 200 cans of peas. And here’s why: You know that it would be useless in the case a nuclear attack. About as useless as crawling under a desk and putting your hands over your neck, like they used to teach us to do in public schools.
And for that reason you have wisely decided not to form a family committee to evaluate this and budget $17,440 for the dinner meetings you’ll schedule to mull it over.
All forms of being prepared for an emergency are not equal. Flashlights, and/or a generator, in the event of a power outage, or a chain ladder you could use to escape from the second story in the event of a fire, are prudent. A bomb shelter, not so much.
Figuratively, the House just passed a resolution to study building a bomb shelter that has screens in the windows. It’s ridiculous — and mind boggling they’ve wasted their time on it.
What, no resolution on the Zombie apocalypse?
So if you do not allow the credibility of the BLS whose numbers do you folks use?
Dan Casey:
“About as useless as crawling under a desk and putting your hands over your neck, like they used to teach us to do in public schools.”
You mean like unarmed teachers and students are unbelievably still expected to do when a madman comes into a school?
Re: Paddy O’ Ryan @ 11:44 am
http://www.bls.gov/cpi/cpifaq.htm
**
SNIP
The CPI represents all goods and services purchased for consumption by the reference population (U or W) BLS has classified all expenditure items into more than 200 categories, arranged into eight major groups. Major groups and examples of categories in each are as follows:
FOOD AND BEVERAGES (breakfast cereal, milk, coffee, chicken, wine, full service meals, snacks)
HOUSING (rent of primary residence, owners’ equivalent rent, fuel oil, bedroom furniture)
APPAREL (men’s shirts and sweaters, women’s dresses, jewelry)
TRANSPORTATION (new vehicles, airline fares, gasoline, motor vehicle insurance)
MEDICAL CARE (prescription drugs and medical supplies, physicians’ services, eyeglasses and eye care, hospital services)
RECREATION (televisions, toys, pets and pet products, sports equipment, admissions);
EDUCATION AND COMMUNICATION (college tuition, postage, telephone services, computer software and accessories);
OTHER GOODS AND SERVICES (tobacco and smoking products, haircuts and other personal services, funeral expenses).
Also included within these major groups are various government-charged user fees, such as water and sewerage charges, auto registration fees, and vehicle tolls. In addition, the CPI includes taxes (such as sales and excise taxes) that are directly associated with the prices of specific goods and services. However, the CPI excludes taxes (such as income and Social Security taxes) not directly associated with the purchase of consumer goods and services.
The CPI does not include investment items, such as stocks, bonds, real estate, and life insurance. (These items relate to savings and not to day-to-day consumption expenses.)
For each of the more than 200 item categories, using scientific statistical procedures, the Bureau has chosen samples of several hundred specific items within selected business establishments frequented by consumers to represent the thousands of varieties available in the marketplace. For example, in a given supermarket, the Bureau may choose a plastic bag of golden delicious apples, U.S. extra fancy grade, weighing 4.4 pounds to represent the Apples category.
SNIP
**
Ya’ll are just trying to confuse Paddy O’Ryan with that liberal alphabet soup!
BLS? CPI?
You know if’n you switch them letters around, it spells PC LIBS, right? Those numbers are just a bunch of politically correct liberal garbage, which is part of the Obama conspiracy!
Besides, Paddy can see the higher prices right with his own eyes, every time he drops by he country store to grab a picked red hot or pig’s foot.
Stop lyin’ now, ya’ll prevaricatin’ libruls!
mike O simply proves again that he doesn’t understand deflation. Maybe he mistakenly thinks it’s the same thing as disinflation. It’s not.
mike O, do yourself a favor and try to get beyond thinking that the first thing you ever learned about monetary issues is the last thing you ever needed to know. Then go learn about deflation: what it is, what effect it has economic activity, and the implications for monetary policy. Then realize that the Great Recession after the market lockup of 2008 brought about a period of stubborn deflation, not inflation, particulary given the unemployment problems in a recovery with low job creation.
Do that, and then we’ll entertain your opinions on monetary policy.
To make things easier for them, go to Best Buy and price a wide screen tv. Compare the price to 5 years ago. Voila.
electronics always come down in price kristen, duh..what about real items not playthings dear..I’ll bet you think the ‘recovery’ is real…hahahahaha…another low info voter
Boy, pammala, Kristen’s joke really flew right over the top of your head, didn’t it?
“electronics always come down in price kristen, duh..what about real items not playthings dear..”
–pammala
pammala, your complete and total lack of self-awareness is part of your peculiar poster charm. I hate to break it to you, but you are no consumer economist. And you’ll never get there stocking the candy aisle with Paydays and Now & Laters, or shucking pizza slices to drunks at $1 per.
Anyway, for our amusement, pray tell what the all-electronic Nissan Leaf will cost in 10 years? How far is that price gonna drop? Will it cost less than a high-end dishwasher?
pammalala, Google the definition of “inflation”.
Dan… pammala, can’t even afford a shift key. Be nice!
Kristen,
I was speaking of food lion’s private brands. Bottom line is that “inflation is the rise in level of prices of goods and services and purchasing power is falling”.
I submit that when you spent $1 for 16oz of “soup” last week and this week that same $1 only gets you 12oz the “purchasing power” of your dollar has fallen.
Comparing technological advances in tv’s/ cell phones, etc… does not make a fair or intelligent argument. Given that thought process; since the first “car phone” I purchased in the 80’s cost me thousands of dollars and I can now get a “cell phone” for “free” (with 2 year agreement…etc…lol); my purchasing power is great and our economy has been on a roll since that time. (this would poke some holes in obama’s “I inherited the worst economy in the history of the world” argument.)
Hey, “I get it” if you don’t “choose” to “see it”, but burying your head in the sand does not make the problems go away…
Dan,
I simply don’t agree that a collapse (for lack of a better term) of US currency, necessarily means that “everybody dies” like in a nuclear war (if that were the case we would not be around to care). You are comparing apples and oranges.
Warren,
Your post of 8:21 proves your lack of knowledge regarding not only inflation, but deflation and disinflation; maybe you need a refresher course.
mikeO, you have already demonstrated, over and over again, that you lack imagination and foresight. You can’t think any more abstractly than it takes to imagination a red light turning green. So it’s no wonder you can’t conceive of the implications of the collapse of the federal reserve.
We understand. But it’s your problem, not mine.
Comment by mike o — February 7, 2013 @ 5:18 pm
“Dan,
I simply don’t agree that a collapse (for lack of a better term) of US currency, necessarily means that “everybody dies” like in a nuclear war (if that were the case we would not be around to care). You are comparing apples and oranges.”
Facts:
The U.S. dollar has been the primary reserve currency of the world for decadesm the result is the United States a tremendous amount of economic power.
The dollar became the world’s reserve currency when President Nixon abandoned the gold standard in the 1970s, thus, the dollar is used for 43% of all cross-border transactions.
The dollar’s value is strong as measured by central bank reserves — 61% of the these foreign currency reserves are in dollars.
The next most popular currency? The euro, which comprises less than 30% of reserves.
The eurozone debt crisis has only weakened the euro as a viable alternative to the dollar as a global currency.
So the collapse of the dollar would have no impact is what you are premising? Yikes.
Hillary,
mikeO thinks the yuan will supplant the dollar.
That’s what he forsees, no kidding.
Mikeo, so your entire perception of inflation in thus country is based on Food Lions “basics” program or whatever?
Not a legitimate foundation for any general economic judgement.
I have been saying my entire time on this board that the United States is PRIMARILY an economic union. When the government stops paying its bills, game over, it’s the Balkanization of US. It’s like the fall of the Soviet Union. When the Soviets went bankrupt the Soviet Union fell.
Anybody who thinks this could not happen to the US has their head in the sand. What we are hearing from our politicians is the states are already looking around for dance partners just in case the worst happens. Our politicians are playing with fire and better man up and start working for the country instead of personal gain. This goes for both parties.
I sincerely hope the worst case doesn’t happen. But it could. This time it’s not gonna be North against the South. It’s gonna be who gains control of the Nukes and there will be no chance of reconciliation. No war to decide the outcome. (Unless SC starts one, they do have 1 Nuke unaccounted for..)
If the US splits this time it will be for good and I think you would see 3-6 countries come out of the breakup.
“Now is the time for all good men to come to the aid of their country.”
-C Weller
Funny, it’s just a training sentence for typing, but so apropos to the state of our nation. Problem is, do we have any good men or women willing or ABLE to serve their country? You do have to pander to money to even get on a ballot these days. That greatly reduces the candidate pool, right?
“For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.” 1 Timothy 6:10 KJV
Yep, I’m feeling a bit cynical today.