Those same housing markets that doubled in 8-10 years have come down significantly.
What else is going up dramatically across the board?

8/20/2007 2:40:23 PM

House prices were rising because people that normally couldn't get loans for houses were getting these shady-ass loans and paying for houses that they can't actually afford. The prices were artificially high. The prices will continue to drop until they are back at where they actually should be.

8/20/2007 2:41:45 PM

http://news.independent.co.uk/business/news/article2871517.ece

Quote :

"Summer meltdown: stock market suffers biggest fall in four years Shares plummet around the world; FTSE's worst day nin four years; Value of UK PLC falls £60bn; Market slumps 13% since June; Pensions surplus wiped out; Fears for housing market; Growing threat to economy By Sean O'Grady, Economics Editor Published: 17 August 2007 "Crash" is a dangerous word. No one has managed to define it precisely but, like a juggernaut that careers off the highway, slams into your house and parks itself in your lounge, you certainly know when you've been hit by one, even when you can't quite believe it or explain how it happened. It feels a little like that now on the world's stock markets, though the rumble of approaching catastrophe could be detected for some months. When even the United States Treasury Secretary, Henry Paulson, admits the turmoil will "exact a penalty" on the US economy's growth rate, then things are bad. Until yesterday, it was possible to believe the markets were experiencing a "correction". That term now looks ludicrously euphemistic. Yesterday alone saw a collapse of 250 points in the FTSE 100 index, wiping 4.1 per cent from its value as it slumped to 5,859.9, well below the 6,000 mark, a psychological barrier. It is the biggest fall since March 2003. The loss since Wednesday stands at well over £100bn. [...] The comparison with 1987 is frightful. Then the Dow fell by 3.8 per cent and 4.6 per cent on the Thursday and Friday before Black Monday, at which point it lost 22.6 per cent of its value in one day. Even if it is not as bad as that, the party seems to be over."

8/20/2007 3:43:50 PM

http://www.paidsurveysetc.com/half-price-coupon/

Quote :

"Dear Friend, If you would like to know how you to can take advantage of this. and make $3500+. per month, this is going to be the most important website you will ever stumble upon. Here is why: Fortune 500 Companies Need Me. A 34 Year Old Work From Home Mother Of Two And as if that isn't enough: They Also Need You! Each day I help these companies to make millions. I'm not a marketing whiz or an ex sales executive. Actually to be honest I know absolutely nothing about business. But what I do know about is what I like. The products I buy. And guess what: That's the exact info large companies are willing to pay a premium for. If they don't know what their average customers needs and wants, they won't have a business come the next season. So how do they remedy this? Quite simply they pay millions of dollars each month, to normal average people. In return these normal average people just jot down their opinions, and answer questions. Questions like: How many times per month do you shop for groceries? I personally do this online. I know people who have the surveys mailed to them. But I myself can logon to the internet, sign in to my account and complete a survey within 5 minutes. In that time I usually earn $20 - $45. Not bad. With a few of these a day: I Manage To Earn Around $3000 - $4000 Every Month I quit from my old job at the postal office. Telling my boss to "Shove It" was the best feeling I've ever had. Since then my life has changed dramatically. I love it. In the morning I wake up my son Alex and daughter Jenny. Then as they get ready for school, I head downstairs, and turn on my laptop. Quickly I log into my account and complete a quick survey. That usually takes no longer than 15 minutes. After that I refresh my account, and love to see $25 - $35 added to my account balance. Then I'll make sure my kids have a good breakfast, before dropping them off at the local school. A usually stop for a chat with the other moms, before I stroll home again. I then watch some day time TV while: Taking a simple, easy online survey - $5 to $75 per survey! Or Participating in an online focus group - $50 to $150 per hour! Or Trying out new products, everything from shoes to stereos - Keeping the products and getting paid! Or Previewing Movie Trailers Online - Then answer a yes/no questionaire (did I like it) for $12 to $35 To do any of these I: Login and see what's available Find something which pays a good amount, i.e above $20 Select one I like the look of, and click "add to list" Complete this survey, or preview the trailer etc then make sure the amount is added to my account balance. That's it, if I want I can do it again, and earn even more. I am never worried about not having enough surveys to do because there are hundreds of new surveys added daily. I could never complete all of them. And the supply of surveys will never dry up. The demand for market research is far too strong. A few years ago these companies needing customer's opinions would hold market research days. At these events hundreds would turn up to test new products and complete surveys. It cost the companies millions to stage these events, as paying for people to physically travel to these venues was not cheap. With the rise of the internet however, these companies can create online surveys. These surveys cost nothing to send out, and nothing for the customer to complete. Therefore the companies can afford to pay much more. By paying $25 - $45 these companies are actually saving money compared to what they used to pay. Of course now everyone I know completes online surveys for quick cash! My mom is retired and does just one or two surveys a day. My brother in law is just out of college and has a great job... but completes surveys at weekends for extra cash that pays for his holidays. My best friend just had a baby and when I told her what I was doing and how much I was making she tried it out before going back to work. She is so happy she did .. now she stays home with her daughter and makes great money .. and she spends wonderful quality time with her child. This is such a great job I know you will just love it. Use this sample calculator below and get an estimate your potential income*: How many surveys will you do a day? 123456789101112131415161718192021222324252627282930 Average money earned for each Survey? $5$10$15$20$25$30$35$40$45$50 How many days a week are you going to fill out Surveys ? 1234567 How many Focus Groups will you do a day? 0123456789101112131415161718192021222324252627282930 Average pay per Focus Group? $5$10$15$20$25$30$35$40$45$50$55$60$65$70$75$80$85$90$95$100 How many days a week are you going to participate in Focus Groups ? 1234567 Weekly Income: $1,125.00 Monthly Income: $4,500.00 Yearly Income: $58,500.00 I setup this site after noticing what a great difference filling out online surveys made to my family's lives. They're all now financially free. My mother goes on vacations like me and can keep up with the payments on her house and flashy car. I have created a members area on this site which contains everything you need to start completing surveys. There are over 100,000 companies listed who all need surveys completed. When they need surveys completed they'll simply submit their survey to the members area. Within days they can close that survey and analyse the results. Although thousands of people currently complete surveys, there is never a shortage of work. In truth thousands more are needed to keep up with demand.. That's where you step in. Y'see for a risk free trial of 60 days I'll let you become one of my members. You'll be able to try completing surveys free for 60 days and if you decide not to continue you won't be charged a penny. . But Before You Get Excited, Paid Surveys Not For Everyone: In fact, I can't even allow most people to sign up. Why? Because the companies only want people who will actually complete at least one survey per week, spaces must be limited only to those who are serious! If you're the kind of person who will waste my time by receiving your log in details then floating off for your next venture. FORGET IT. Whereas if you think you can be dedicated enough to work the hour or two a day to complete surveys: I want to hear from you: Enrol in my 60 day trial and if you succeed in completing at the least one survey per week.. I'll let you stay on as one of my members. . It Costs $49.99 to Join But You Can Take Advantage Of My 60 Day Free Trial: I am so confident you will start earning a full time income after joining; I can let you have a 100% free 60 day trial. If in the 60 day period you email saying you weren't satisfied, you will have your deposit returned! That's plenty of time to make sure you can actually start earning with PaidSurveys without risking any money. There are just too many times in life when people are NOT willing to hold themselves accountable for their own services. How many people have a stock broker who will guarantee he will make you money... or... he will refund your investment? Is there an attorney who will guarantee he will win your case... or... he will refund your money? I am thoroughly willing to make such a statement... and... more than willing to back it up. The simple fact is if you don't start earning.. If your life doesn't change dramatically. then I don't want your money. I think that's only fair. I don't ever want to sell a product to someone that's not getting 100 times+ the value for what they paid me. "

8/20/2007 3:48:53 PM

Don't worry TreeTwista10. It's just those "kooky conspiracy theorists" who are worried about the economy. The economy is just fine.

8/20/2007 4:01:42 PM

From page 1:

Quote :

"How many times do I need to spell this out for you? Housing prices and oil prices cannot be entirely attributed to inflation. There are a multitude of other factors in play here, all of which outweigh the strength of the dollar. Anyone with even a basic understanding of either will tell you this."

Since you have repeatedly failed to provide any rational evidence at all to back up your inflation figures its safe for us to assume that there is none and that this is another alarmist thread built solely on your misconceptions about how the world outside of Rowan county works.

Did you even read David Walker's article or did you just read a bad article about it?

8/20/2007 4:04:44 PM

http://www.washingtonpost.com/wp-dyn/content/article/2007/08/17/AR2007081701710.html?hpid=opinionsbox1

Quote :

"Look Out. This Crunch Is Serious. By Edward Chancellor Sunday, August 19, 2007; Page B01 Incipient panic has reigned in U.S. financial markets over the past couple of weeks, and no wonder. Some hedge funds have blown up, the country's second-largest mortgage lender has come close to collapse and stocks have fallen. On Friday, the Federal Reserve Bank lowered a key interest rate to help calm things down. Yet most economists insist that Main Street will trundle along just fine, regardless of what happens on Wall Street. But will it? It's true that some panics pass without consequence. But there are times -- think October 1929 -- when the tremors on Wall Street anticipate a more widespread economic storm. Given the tremendous run-up of debt in recent years, there's a good chance that today's credit crunch will turn out to be more than just a wisp of cloud in an otherwise blue sky"

8/20/2007 4:16:40 PM

http://www.cnn.com/2007/US/law/08/20/vick/index.html

Quote :

"Atlanta Falcons quarterback Michael Vick has accepted a plea deal that could send him to prison, ending a federal dogfighting prosecution that jeopardizes his pro football career, his lawyers said. NFL star Michael Vick leaves a recent court appearance. Vick will plead guilty to felony conspiracy next Monday, his defense attorneys said. A status conference on the case is set for 3 p.m. Monday in U.S. District Court in Richmond, Virginia. The court's docket shows that Vick will appear again next Monday morning before Judge Henry E. Hudson for a plea agreement hearing. The U.S. Attorney's office said it is not commenting. All news of the plea agreement came from the defense. "After consulting with his family over the weekend, Michael Vick asks that I announce today that he has reached an agreement with federal prosecutors regarding the charges pending against him," lead defense attorney Billy Martin said in a statement. "Mr. Vick has agreed to enter a plea of guilty to those charges and to accept full responsibility for his action and the mistakes he has made. Michael wishes to apologize again to everyone who has been hurt by this matter," Martin's statement said. Vick's attorneys have been negotiating with federal prosecutors over terms of the deal, which must be approved by the judge. While prosecutors can recommend a sentence, the decision ultimately rests with the judge. The plea would help Vick avoid additional federal charges. Vick claims the Jewish MSM Zionist controlled media is solely responsible for these charges. [...] In the court documents, Peace and Phillips said that the money behind the Bad Newz Kennels dogfighting operation came "almost exclusively" from Vick, and they told prosecutors that other accusations in the 18-page indictment are true."

8/20/2007 4:18:58 PM

newsflash twista....

that's doing NOTHING to distract from what I just posted

hahaha...how pathetic

8/20/2007 4:25:55 PM

i just figured posting a link and then quoting part of a story with some boldfaced and underlined text was the way to expose the zionist regime for the shapeshifting masons they truly are

8/20/2007 4:27:49 PM

Why don't you ever post the rest of the article that flies in the face of your assertions?

Quote :

"Such wisps, to be sure, have appeared before. On Oct. 19, 1987, stocks fell by 22 percent. Nearly 60 brokerages went bankrupt, and many worried that a depression was around the corner. The fears were overblown. It turned out that the causes of the crash were merely technical. A large number of investors had been following a particular strategy, known as portfolio insurance, which required them to sell stocks automatically as the market fell. That created a cascade of forced selling. As the panic hit, the Federal Reserve Bank, with Alan Greenspan at the reins, rode to the rescue, providing money for the financial system. The stock market soon recovered. The hedge fund Long-Term Capital Management started to collapse in the early fall of 1998. This fund, run by a bunch of the smartest traders on Wall Street aided by a pair of Nobel laureates, had borrowed about $25 for every dollar of its own capital. The market went haywire as LTCM's huge holdings in equities, bonds and other securities were sold. It turned out that many other investors had placed similar trades, also funded with borrowed money. Once again, the Federal Reserve performed its duty, providing liquidity to the financial system and even cutting interest rates. Over the next six months, technology stocks listed on the Nasdaq exchange soared by more than 50 percent. The 1987 crash and the LTCM debacle each involved a "liquidity crisis." Forced sales of financial securities drove down prices, creating a panic and temporarily straining the capacity of the financial system. But liquidity crises per se have little if any economic significance. Provided the problem is contained relatively early on, a recession can be avoided. Is that what will happen this time? In his 1873 book, "Lombard Street," British financial journalist Walter Bagehot described how fear spreads in financial circles: "Incipient panic starts with a 'vague conversation.' People are talked about every day, [and] as a panic grows, this floating suspicion becomes both more intense and more diffused: it attacks more persons, and attacks them all the more virulently than at first." At times such as these, Bagehot wrote, "men of experience" bolster their positions by borrowing money while it's still available. However, "minor money dealers come under suspicion" and have trouble finding funds. That's a pretty good description of what has happened in the financial markets over the past month or so. In mid-June, a couple of hedge funds run by the brokerage house Bear Stearns announced surprise losses on investments in supposedly safe triple-A-rated mortgage securities. Over the following weeks, suspicions grew. Several other hedge funds, in the United States and abroad, have imploded. A small bank in Dusseldorf, Germany, that was supposedly funding mid-size industrial companies, has had to be bailed out by German taxpayers after it announced large losses on liabilities kept off its books (shades of Enron). In Canada, a firm that helps companies issue commercial paper -- the stuff that goes into money market funds -- experienced problems rolling over its debts. People have suddenly realized that many money market funds were lending money to obscure investment vehicles that used their money to invest in subprime mortgage securities. Countrywide Financial, the second-largest provider of mortgages in the United States, has been forced to draw on emergency funding from other banks to stay afloat. When fear replaced greed in the financial markets, Bagehot knew what the authorities should do. "A panic grows by what it feeds upon," he wrote. It "is a species of neuralgia, and according to the rules of science you must not starve it." Providing that the central bank lends freely at such times, the panic will pass. Over time, Bagehot's advice has become the orthodox practice of central bankers, whose main purpose is to act as "lender of the last resort." Both the Federal Reserve and the European Central Bank have dutifully performed this function over the past couple of weeks. Treasury Secretary Henry M. Paulson Jr. believes that the recent flurry in the markets will have little lasting impact. A recent poll taken by Consensus Economics finds that most economists expect the United States to return to about 3 percent growth next year, which is around the average growth rate for the economy. But that's assuming that the recent credit crunch is merely a passing liquidity event, like the 1987 crash. There are times, however, when credit booms have more profound consequences. Research suggests that severe financial crises tend to follow the rapid expansion of credit. The longer the credit boom endures, the more severe the hangover. Furthermore, because real estate is not liquid and the process of foreclosing on defaulted mortgage loans is time-consuming (as well as politically problematic), the economic downturns that follow property booms tend to be deeper and to last longer. The experience of the U.S. economy after the 1920s and that of Japan in the 1990s appears to confirm these findings. In both instances, the period of credit expansion lasted several years, largely involved real estate speculation, and came to involve much of the population, whether that meant plunging into American stocks with borrowed money in 1929 or buying Tokyo condos with 100-year mortgages in the late 1980s. Some economists take heart from the fact that inflation is currently quiescent. This ignores that the longest-lasting American crises over the past two centuries, those of 1837, 1873 and 1929, have each followed periods in which consumer prices were relatively stable. Needless to say, during the preceding booms, real estate and stock prices, fueled by rapid credit expansion, had soared. The quality of lending and the "soundness" of credit also have a bearing on the extent of a crisis. Commenting on the collapse of the London bank of Overend, Gurney and Co. in 1866, Bagehot wrote that "losses were made in a manner so reckless and so foolish, that one would think a child who had lent money in the City of London would have lent it better." What would Bagehot have made of the so-called NINJA loans of recent years, supplied to homebuyers with "No Income, No Job and No Assets"? He may have raised an eyebrow at the "liar loans" given to those who falsified the information on their mortgage applications and would certainly have expressed disdain for the loans, many without traditional covenant protection for lenders, that until recently financed corporate buyouts. Finally, a credit crunch is likely to have a bigger impact when the financial system has become weak. The so-called Long Depression that started in 1873 was sparked by the collapse of Jay Cooke and Co., one of the largest U.S. banks. More than 2,000 banks in the United States failed in 1931. Those failures wreaked havoc on the economy. Banking failures and bad debts plagued the Japanese financial system throughout the 1990s. There's a good chance that the current panic will give way to a full-blown economic crisis. That's because the credit boom has been going on for five frenetic years and virtually everyone has become involved, either directly or indirectly. An increasing number of businesses, from motorcycle retailers to cellphone operators, are finding their sales affected by the subprime debacle, according to the Web site Footnoted.org. Household spending continues to exceed income by a large margin. If credit stops flowing to consumers, the economy is bound to suffer. Many people, including Treasury Secretary Paulson, believe that the financial system is robust enough to weather the crisis. It's true that, after many fat years, banks have lots of capital. But that was also the case in October 1929. I believe that something profound has happened in recent weeks. The credit system is losing its, well, credibility. People no longer trust the triple-A ratings that many complex debt securities carry. The risk models used by rating agencies, hedge funds and banks have also come under suspicion. The effects of subprime losses are being felt in unexpected places, including supposedly impregnable money market funds. Hedge funds and other highly leveraged investment vehicles are being forced to unwind. After years of excess, credit is beginning to contract. There has been a "run on Wall Street finance," said Doug Noland, editor of the online Credit Bubble Bulletin. But no one knows how long it will last, or where it will end."

As usual, you have bolded sentences and then presented them out of context in the hopes that no one will click on the link and notice the blatant misrepresentations of facts that you're propping up your little theory with.

By the way, turn on CNBC right now. People with a legitimate understanding of economics are discussing this.

8/20/2007 4:39:27 PM

You know what twista?...I was wrong

Your tactic of trying to trying to distract from my points by immitating my posting style is WORKING BRILLIANTLY. You are serving the establishment well, and are stopping patriots and truth seekers from spreading the word on these various issues. For example, people now know that the economoy is going great thanks to your illuminating contributions to this thread.

With your faithful service, the masses will remain asleep and indoctrinated into whatever the powers-that-be want....allowing the anti-American, globalist, pro-illegal immigration, anti-freedom agenda to steamroll forward.

How will patriots ever be able to win with establishment soldiers such as yourself fighting us every step of the way??

8/20/2007 4:41:45 PM

old, but true.

8/20/2007 4:44:31 PM

the internets are the new battlefiled

the old-line establishment media is dying

so the "arguing" (aka debating aka serious discussion and dissemination of information) is going to primarily take place via the internet medium

8/20/2007 4:50:10 PM

It's as if salisburyboy didn't see Mr. Joshua's post.





Amazing.

8/20/2007 4:50:35 PM

Quote :

"With your faithful service, the masses will remain asleep and indoctrinated into whatever the powers-that-be want"

yeah because clearly you are doing such a great job of convincing people of your perception of the truth

in the midst of attacking people for dismissing you as some type of "moonbat" do you not realize that regardless of what conspirary theories are valid and what aren't, you end up swaying any fence sitters to the other side? seems like you're doing a pretty good job of turning people away from your point of view...do you not realize this or are you actually a MSM whore yourself using misinformation and reverse psychology?

8/20/2007 4:52:06 PM

Quote :

"yeah because clearly you are doing such a great job of convincing people of your perception of the truth"

There's one major problem with your assertion that I'm doing such an "awful" job arguing my point of view.

If that was really true, establishment shills & trolls like yourself wouldn't be waging such an all out assault on me at every juncture (eg, trying to sabotage my threads, trying to censor my point of view & run me off TWW and get me susupended, etc). The reason you and other pro-establishment shills & trolls do such things is precisely because I AM forcefully & effectively arguing my position.

8/20/2007 4:58:54 PM

Quote :

" I AM forcefully & effectively arguing my position."

but who are you convincing?

Are the people you're effectively arguing your position to listening to you and coming around to what you're saying? Or instead are they now even less likely to believe your point? If you can tell me some of the people that you are convincing of your point of view I'd like to hear it, cause it seems to me you're alienating more people than you're convincing...in which case you'd be HURTING your cause

Thats your major problem...you're trying to explain your perspective to other people...to tell the sheep to open their eyes, in a sense...yet you don't realize you're simply making the sheep more likely to keep their eyes closed than if you had never started to try and convince them!

8/20/2007 5:02:43 PM

Quote :

"it seems to me you're alienating more people than you're convincing"

You're not speaking for anyone other than yourself and the other dedicated pro-establishment shills & trolls on TWW.

Quote :

"If that was really true, establishment shills & trolls like yourself wouldn't be waging such an all out assault on me at every juncture (eg, trying to sabotage my threads, trying to censor my point of view & run me off TWW and get me susupended, etc). The reason you and other pro-establishment shills & trolls do such things is precisely because I AM forcefully & effectively arguing my position."

8/20/2007 5:12:41 PM

Quote :

"You're not speaking for anyone other than yourself and the other dedicated pro-establishment shills & trolls on TWW."

and?

you're arguing your perspective on TWW so it seems like your audience is us pro-establishment shills and trolls...who exactly are you getting your arguments out to? Who are you convincing? If I only speak on behalf of myself, why don't you tell me what people you are reaching? Why don't you attempt to explain how your posts on TWW are doing anything but turning off more people to your ideas?

I don't think the other illuminated folks like yourself would appreciate you butchering the truth into something that would create more non-believers than believers...again your arguments literally go against your cause moreso than if you never posted at all...talk about shooting yourself in the foot

8/20/2007 5:16:19 PM

Well, first off thanks for answering my previous question. But my only issue with granting credence to the majority of this is that, they seem to have Diety-like powers of control.

I don't go into much detail, I stick to the rather philosophical. And if one conglomerate org is controling EVERYTHING, then what is the need for plotting?

-why let the U.S even have an economy,if you plan to destroy it?
- why let the muslims control most of the oil?


Everything just seems counter visceral

From my knowledge the NWO/illumaniti/etc have been around for quite some time now. Im talking centuries. Its been 2k years and they haven't reached their goal.

8/20/2007 5:19:37 PM

Quote :

"would appreciate you butchering the truth into something that would create more non-believers than believers...again your arguments literally go against your cause moreso than if you never posted at all...talk about shooting yourself in the foot"

How have I "butchered" the truth? And how do my arguments "literally go against [my] cause." Give me an example.

Quote :

"And if one conglomerate org is controling EVERYTHING, then what is the need for plotting?"

I (and others) opposing the "NWO agenda" are not saying that the conspirators are "all powerful" and control every single aspect of life on the planet. That is a strawman set up by the pro-establishment crowd. The conspirators do not have complete control over society (ie, to the point that they are invincible). They have enormous influence and power (ie, over government, media, & other important institutions/industries/etc), but they are still outnumbered by the masses of people and could potentially face a serious obstacle from them (if they were to awaken, organize, and move against the elite conspirators). So there is still the need for secrecy of their plans, and to be careful about rousing the opposition of the masses.

Quote :

"-why let the U.S even have an economy,if you plan to destroy it?"

For at least the time being, it is apparantly more advantageous to the Jewish banking elite to prey off of the masses with the current economic system (eg, the economic system is set up on usurious banking and debt, which essentially enslaves the masses to the banks, taking the wealth of the people and transferring it to the elite bankers).

Their ultimate goal is to kill off vast numbers of the populace and only leave behind a small number as a servant/slave class (similar to ancient feudalism). So there must be some economy, but their preferred economy is one in which the masses are enslaved, and they sit as an aristocracy.

Quote :

"why let the muslims control most of the oil?"

Well don't you see that they are now moving against these middle eastern muslim nations, and are in fact wrestling control of their oil reserves away from them?

Quote :

"From my knowledge the NWO/illumaniti/etc have been around for quite some time now. Im talking centuries. Its been 2k years and they haven't reached their goal."

Yes, the conspiracy is old and has been ongoing for thousands of years. It is ultimately Satanic in origin...eg, tracing it's ideological origins back to Babylonian occultism and beyond. The religion known as "Judaism" is actually hardcore Satanism/Luciferianism (eg, with the most important/"holy" book in Judaism being the "Babylonian Talmud"). At some point, elite Jews took over the leadership of this ongoing Satanic NWO conspiracy.

And, yes, they haven't reached their goal yet...but the conspiracy has been gaining strength over the years. The conpiracy is further along and the conspirators are more powerful at this current time than 100 years or 1000 years ago. It is yet to be attained, but they are now very close...ie, power over Western governments & media entrenched, plans moving along towards regional and world government (eg, European Union & coming North American Union), etc.



[Edited on August 20, 2007 at 6:12 PM. Reason : 6-706-769469]

8/20/2007 6:08:33 PM

Quote :

"How have I "butchered" the truth? And how do my arguments "literally go against [my] cause." Give me an example."

http://www.washingtonpost.com/wp-dyn/content/article/2007/08/17/AR2007081701710.html?hpid=opinionsbox1

How about this article that you only posted the opening paragraph of?

8/20/2007 6:20:35 PM

Why do the birds go on singing?
Why do the stars glow above?
Don't they know it's the end of the world?

8/20/2007 11:50:19 PM

http://bigpicture.typepad.com/comments/2007/08/real-income-fai.html

8/21/2007 8:11:19 AM

Quote :

"as we have long demonstrated that CPI does not accurately measure inflation"

http://bigpicture.typepad.com/comments/2007/08/real-income-fai.html

ie, the bullshit "inflation figures" I was talking about

8/21/2007 9:28:43 AM

What's wrong with them?

8/21/2007 9:31:02 AM

Quote :

"What's wrong with them?"

How could the annual inflation rate really be "1.5%-2.5%" when, for example, housing prices have virtually doubled over the past 8-10 years, and gas prices have doubled over the past 5-6 years? Granted, those are just 2 goods, but they are a major chunk of consumer spending, and are indicative of the skyrocketing prices of goods & services over the past 5-10 years across the board.

8/21/2007 9:48:21 AM

First, house prices have only doubled in a few markets. Raleigh, for example, has not experienced much of a jump thanks to the availability of wilderness and the willingness on the part of regulators and developers to develop it.

As such, for most of the country, all that has gone up is gasoline and food. And even then, only some foods are going up, namely derivatives of corn such as milk and meat. Bread is still $0.99 a loaf at my food lion.

8/21/2007 9:56:52 AM

Quote :

"housing prices have virtually doubled over the past 8-10 years"

source?

8/21/2007 10:06:26 AM

i do a lot of cocaine and hang out at KKK rallies

8/21/2007 10:06:51 AM

Quote :

"First, house prices have only doubled in a few markets."

Yes, there is variation in different markets, but the point is that the national medium home price has virtually doubled over the past 8-10 years.

2007:

Quote :

"The national median existing single-family home price was $223,800 in the second quarter"

http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=ind_focus.story&STORY=/www/story/08-15-2007/0004646127&EDATE=WED+Aug+15+2007,+10:10+AM

1997:

Quote :

"1997 $121,800"

http://www.realestateabc.com/graphs/natlmedian.htm


223,800 / 121,800 = 1.84 ---> almost double in price from 1997-2007



[Edited on August 21, 2007 at 10:20 AM. Reason : 90-980679]

8/21/2007 10:12:41 AM

http://video.google.com/videoplay?docid=-2757699799528285056

8/21/2007 10:18:56 AM

So, in the past 100 years prices have doubled?

8/21/2007 10:25:02 AM

If you examine this, you can see that housing prices have virtually doubled every ten years for the last 40 years.

http://www.realestateabc.com/graphs/natlmedian.htm

100% increase over 10 years -----> average ~10% annual inflation rate

8/21/2007 10:25:56 AM

Quote :

"So, in the past 10 years prices have doubled?"

according to that graph

8/21/2007 10:26:47 AM

So, they didn't cost half as much 100 years ago?

8/21/2007 10:28:21 AM

^^ This data is from your link. How do you get 10% a year?

1994 $107,200 4.0%
1995 $110,500 3.1%
1996 $115,800 4.8%
1997 $121,800 5.2%
1998 $128,400 5.4%
1999 $133,300 3.8%
2000 $139,000 4.3%
2001 $147,800 6.3%
2002 $156,200 5.7%
2003 $169,500 8.5%
2004 $185,200 9.3%

8/21/2007 10:30:31 AM

Quote :

"100% increase over 10 years -----> average ~10% annual inflation rate "

My mistake. That would be more like a ~7% annual inflation rate.



[Edited on August 21, 2007 at 11:46 AM. Reason : 78-08-5670]

8/21/2007 11:43:47 AM

So housing prices going up ~6.5% = massive inflation?

8/21/2007 11:51:39 AM

^^ just glancing at that visually im seeing closer to an average 6% annual inflation rate, and when youre talking about things like this, the difference between 6% and 10% is huge

[Edited on August 21, 2007 at 12:21 PM. Reason : ]

8/21/2007 12:21:25 PM

Ok, housing has gone up 6% a year, food has gone up 3% a year, clothing has gone down 1% a year, electronics have gone down 6% a year. On average, we are right when we quote government statistics saying overall inflation has only been ~3%.

8/21/2007 12:38:53 PM

Quote :

"How many times do I need to spell this out for you? Housing prices and oil prices cannot be entirely attributed to inflation. There are a multitude of other factors in play here, all of which outweigh the strength of the dollar. Anyone with even a basic understanding of either will tell you this."

8/21/2007 2:36:21 PM

If this rate of inflation continues, a comic book will cost nine to twelve bucks in 2047.

Who the fuck wants to pay nine bucks for a comic book?

WE'RE ALL D00M3D!

8/21/2007 2:42:00 PM

I now believe the US is about to fail. Job well done Salisburyboy, your thread has accomplished something.

Oh, wait. Nobody is convinced.

8/21/2007 6:24:10 PM

Well the whole thread happened because salisburyboy misinterpreted an article that misrepresented a speech by David Walker and has paired his misconceptions with a very poor understanding of economics in the 21st century.

The speech isn't nearly as alarmist as salisburyboy wants you to believe. Walker's whole point is that unless fiscal responsibility is increased and outdated policies are updated there could be serious repercussions circa 2040. He also notes that this is a well known fact in Washington and that most policy makers are well aware of, and working towards, positive change in those areas.

[Edited on August 21, 2007 at 7:51 PM. Reason : .]

8/21/2007 7:51:12 PM