Third-Party debate - Tuesday October 23rd

**archibaldcrane** · 2012-10-23 18:05

Right, so get money and the media will pay attention. Tea Party got money, Perot had money, major parties have money, Bloomberg has money. They get attention because they can be taken seriously as a competitor.

**venikk** · 2012-10-23 18:08

Originally Posted by archibaldcrane

Inflation is very low over the past decade, it hasn't cracked 6% since 1991 and has been under 4% since the recession began. Gas prices are significantly more volatile than a simple inflation indexing for a number of reasons. tl;dr General price inflation is not the leading driver of gas prices.

Steel is up 1000%, Gold is up 600%, Nickel is up 500%, Silver is up 800%, Corn is up 400%, Copper is up 500%. Same with platinum, beef, zinc, wheat, bread, milk, water. Every THING is rising in cost at about 10-20% per year since 2000. Coincidentally this is about what the deficit has been since then.

You're telling me this isn't inflation? Lol.

The quantity theory of money isn't some crackpot theory, milton friendman won the nobel prize for it. No matter that the powers that be or the government reject it as an inconvienience, all economists accept it as fact.

The CPI is useless, it's a measurement of how much the average consumer is spending, not the value of the dollar which is totally different. Obviously if the consumer gets 2% more spending or wages then the CPI is going to go up 2%, if however gas goes up 500% in price - the consumer will have no choice but to buy 1/5th the amount of gas they used to, they don't have a choice.

If you want to measure inflation you have to look at the price of gold like we did in 1992 and earlier, it's the most abundant commodity in terms of production by above ground supply and that means it is the least volatile. The least likely of all commodities to be subject to any "drastic" changes in supply and demand.

To prove it- look at the price of gasoline in terms of gold, you will find it costs less than it did in 2000 by about 5-10%.

Wait, did you really think that gasoline was 5 times as rare as it was in 2000?

No, gas is not getting more expensive or volatile, the dollar is becoming worthless. Because of the deficit. Is it really a surprise to you that increasing credit raises prices?

**archibaldcrane** · 2012-10-23 18:12

You're retarded.

**venikk** · 2012-10-23 18:15

Mark my words in 5 years you're going to be saying that to yourself.

**ronin sparthos** · 2012-10-23 18:17

Originally Posted by archibaldcrane

Right, so get money and the media will pay attention. Tea Party got money, Perot had money, major parties have money, Bloomberg has money. They get attention because they can be taken seriously as a competitor.

More like they get attention because they have money and not because the 3rd party candidates (that don't) have positions that have been dismissed by the populace as ring was arguing.

Our politics has become simply getting one billionaire to bankroll you to relevancy, positions be damned.

**archibaldcrane** · 2012-10-23 18:25

A gallon of milk was $2.78 in January of 2000. Now it's $3.47, a whopping increase of 69 cents, or 24% increase TOTAL over more than 12 years.

http://markets.financialcontent.com/...=2012&Range=12

**archibaldcrane** · 2012-10-23 18:33

A pound of bread in January 2002 (earliest I could find) was $1.48. Now it's $1.98, an increase of 50 cents, or 34% increase TOTAL over more than 10 years.

http://data.bls.gov/timeseries/APU00...a_tool=XGtable

**archibaldcrane** · 2012-10-23 18:37

A pound of ground beef has gone from $1.78 in January of 2002 to $3.02 now. An increase of $1.24, or 69% over the past 10+ years.

http://data.bls.gov/timeseries/APU0000703112

None of these food items are anywhere close to the "10%-20% per year" inflation rate you have lied about above.

You're retarded.

**archibaldcrane** · 2012-10-23 18:52

Hey, where'd he go?

**venikk** · 2012-10-23 18:57

Originally Posted by archibaldcrane

A pound of bread in January 2002 (earliest I could find) was $1.48. Now it's $1.98, an increase of 50 cents, or 34% increase TOTAL over more than 10 years.

Bread and milk are in a deflationary slump, in 2011 and 2010 they were both 200% their 1999 lows.

What about every other commodity, you think they are all just coincidentally moving in synchronization in a bull market greater than the CPI and the S&P? Or is it possible the government's, logically bunk, calculation is extremely optimistic?

Be my guest and check indexmundi for 1 commodity that didn't outperform the CPI or S&P since 1999 when the budget was balanced.

**archibaldcrane** · 2012-10-23 19:01

So you admit you lied about bread, milk, and beef? Ok. Just want to get that straight.

**venikk** · 2012-10-23 19:06

Originally Posted by archibaldcrane

So you admit you lied about bread, milk, and beef? Ok. Just want to get that straight.

Milk and bread aren't commodities with spot history TMK so no I wouldn't say that.

I can't post links yet, but beef is from $.75 to $1.84 since 1998 on index mundi.

Maybe if you stopped bickering you'd stop making such a terrible argument for a deficit.

**archibaldcrane** · 2012-10-23 19:10

Dude, you are the one who said milk and bread, I just used those things to prove that you're full of shit. Don't act like this was my idea.

**venikk** · 2012-10-23 19:12

I'm not full of shit, they doubled the 10y CPI this time last year. You're looking at consolidated prices right now, check back in 6-12 months.

**archibaldcrane** · 2012-10-23 19:14

Originally Posted by venikk

Same with platinum, beef, zinc, wheat, bread, milk, water. Every THING is rising in cost at about 10-20% per year since 2000.

you are completely full of shit.

completely

apologize for your blatant lie to everyone reading this thread, they deserve at least that much

I'm done with you until you apologize for lying.

**venikk** · 2012-10-23 19:18

Originally Posted by archibaldcrane

you are completely full of shit.

completely

apologize for your blatant lie to everyone reading this thread, they deserve at least that much

I'm done with you until you apologize for lying.

You'd make a great lawyer, but a godawful mathemetician.

12 years 10% a year = 120% increase.

Beef, 75 cents to 185 cents = 143% increase.

Milk and Bread are consolidating right now, in 6 months their 10% will show too. One peroid of slow or no growth does not mean something is not growing at an average of 10% a year over a longer peroid. Hell steel did most of it's "growth" in the last few years, does that mean it didn't grow an average of 25% since 1999? No take some basic fucking math.

This is assuming that milk and bread didn't grow 10% a year on average, and you're not just comparing a previous peak to a present trough

I feel sorry for anyone who tries to explain anything relatively complex to you.

It's as if you're teaching someone to read and they are complaining about the font.

**Jaybar** · 2012-10-23 19:24

Just thought I'd say that the live stream is up and they are doing some interviews now (Jill Stein atm) at Ora.tv

**archibaldcrane** · 2012-10-23 19:26

If something costs $1, and it increases by 10% per year annually, it's going to cost $3.32 in 12 years, not $2.20.

Now go learn about compounding interest, but first, apologize.

**Talint** · 2012-10-23 19:27

This post has been brought to you by GOLD PANIC!

Buy your gold, silver, and other precious metals today!

**archibaldcrane** · 2012-10-23 19:28

A 75-cent item, such as beef in your model, would appreciate at a rate of 7.51% per year to reach $1.85 after 12 years.

You are a liar.

Thread: Third-Party debate - Tuesday October 23rd

Thread Tools

Similar Threads

"Yet another third party", or," what else have you got to lose?"

Latest Threads

Up & Coming Threads

Hottest Threads