4um: Money and inflation

Status: Not Logged In; Sign In
Resistance
See other Resistance Articles
Title: Money and inflation
Source: YouTube
URL Source: http://www.youtube.com/watch?v=r0mOTJR_1Lo
Published: Jul 5, 2011
Author: Thomas Selgas
Post Date: 2013-07-21 23:16:10 by GreyLmist
Keywords: Money, Inflation, Labor Cost, Material Cost
Views: 89
Comments: 12

Description: A look at the insidiousness nature of inflation caused by the use of unconstitutional paper legal tender (Federal Reserve Bank Notes) rather than lawful money coin defined in Title 31 United States Code sec. 5112(a)(7)-(10) and (e).

Poster Comment:
inflation: "Why Play Leap Frog?" 1949 Harding College Economics Cartoon - YouTube

Description: Cold War-era cartoon aimed at convincing workers that increased productivity brings about greater purchasing power. Public domain film from the Library of Congress Prelinger Archive, slightly cropped to remove uneven edges, with the aspect ratio corrected, and mild video noise reduction applied.

This video basically suggests that the way to control inflation is to play Leap Frog faster -- keep increasing production as the way to lower the cost of products...depend on Exporting, maybe, to sustain that method. If Demand doesn't increase enough here or elsewhere for the extra Supply produced to lower the selling price, that's a possible business failure problem as a result of the overproduction and an increased unemployment problem -- not an inflation problem remedy, imo.
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: GreyLmist (#0)
Generally, the first vid is right on and the second on is pure propaganda in that it blames price increases on wage "inflation" not taking into account the feds increasing the money supply and the taxes taken. In the 100 years before the fed money supply (gold & silver) increased slower than productivity so wages were up and prices were down (at least relatively). In the 100 years since the fed the money supply has risen faster than production, the FRN has lost 98% of its value measured in prices, productivity is up and wages are falling.
The premise that I have to continually produce more to maintain purchasing power while the fed skims all the increases by charging interest on the increased money supply is obscene. Oh and unconstitutional.
“Anti-semitism is a disease–you catch it from Jews”–Edgar J. Steele
“The jew cries out in pain, as he strikes you.”–Polish proverb
“I would like to express my heartfelt apologies for the unfortunate and tasteless quotes I published in my tag lines. I am very sorry and ashamed. I never wanted to offend anyone, or to encroach human rights."- Hmmmmm
Hmmmmm posted on 2013-07-22 0:55:25 ET Reply Trace Private Reply
#2. To: Hmmmmm (#1)
Generally, the first vid is right on and the second on is pure propaganda in that it blames price increases on wage "inflation" not taking into account the feds increasing the money supply and the taxes taken.

Great points.

The premise that I have to continually produce more to maintain purchasing power while the fed skims all the increases by charging interest on the increased money supply is obscene. Oh and unconstitutional.

Very succinct. :) I was trying to write something to explain the senselessness of the premise that we have to continually produce more to lower costs in order to maintain our purchasing power. When it's posted here, I'd appreciate your input and others on where I might be getting something wrong and what can be done in the non-governmental sector to curb inflation.
-------
"They're on our left, they're on our right, they're in front of us, they're behind us...they can't get away this time." -- Col. Puller, USMC
GreyLmist posted on 2013-07-22 2:06:53 ET Reply Trace Private Reply
#3. To: Hmmmmm, All (#2)
Me to Hmmmmm: I was trying to write something to explain the senselessness of the premise that we have to continually produce more to lower costs in order to maintain our purchasing power. When it's posted here, I'd appreciate your input and others on where I might be getting something wrong and what can be done in the non-governmental sector to curb inflation.

Besides the guv problems of taxes and increasing the money supply, the inflation problem seems to be largely about markup overpricing by retailers above a product's material value, which is the same amount of material ratiowise whether they order 1 item to sell or more of that item. The labor for services rendered to produce the material value of an item has already been dealt with separately at various points of transaction along the routes of the manufacturing process.
For example, the material value of a homemade quilt is essentially the same whether someone spends 40 hours in a workweek sewing by hand to make one, or uses a sewing machine to make two or more (instead of working more hours and faster to increase their production or paying for an assistant). Either way, they would have worked 40 hours and the material value of a quilt is the same whether they made one by hand or more with a machine.
The quilter would make more money from their labor if they could sell 2 or more quilts per week instead of one. What's being marketed by retailers is a misperception of increased value due to "scarcity" if they only have one of the quilts to sell there instead of a surplus. Also, the concept that the material value of the quilts is somehow changed depending on how many are made -- worth less when more are made. Whether they're made by hand at the rate of one produced per week, or someone works extra hours faster to make two per week by hand, or if they can manage to work less tiringly to make two or more per week by using a machine to increase supply for retailers -- the material value of each quilt is the same.
The product cost to a customer at a store shouldn't go down because more than one was made to boost economic conditions or up if a store doesn't happen to have as many in stock as they could sell if they did. The quilter should not have to market the input of their weekly labor-time to a retailer along with the material value of their product. Their worktime should be a separate issue that accrues to them in an account as 40 hours of pay for societal benefit in a Service-based Economy -- apart from the material cost of the finished product that they market to a retailer, which should be considered a different Retail-based Economy. Products could be bought at the store at their material value price with Service-based dollars and with a small transaction fee added that is a set percentage rate applied to the total amount for purchases. That fee would be considered the retailer's productivity.
Like the quilter, the retailer and the store employees would be part of the Service-based Economy, not the Retail-Economy of goods bought or sold. With no labor costs being a factor in the store's overhead expenses, if the retailer tried at the point of sale to attach a huge markup cost as their transaction fee over and above the material value of the products bought, people would likely choose to shop somewhere else. If the quilts are a popularly selling item, good for the quilter and good for the retailer. The quilter might then get paid a bonus -- a percentage from the increase in transactions at the store for their product.
This is a rough outline. Input welcome.
-------
"They're on our left, they're on our right, they're in front of us, they're behind us...they can't get away this time." -- Col. Puller, USMC
GreyLmist posted on 2013-07-22 4:37:03 ET Reply Trace Private Reply
#4. To: GreyLmist (#2)
I was trying to write something to explain the senselessness of the premise that we have to continually produce more to lower costs in order to maintain our purchasing power.

We are wired and taught how to think, to know what the norm is, everybody thinks the same because they want us to and we're all WRONG.
This might make you angry, they wouldn't teach you this at Harvard for $65,000 a year and not 1 in 1,000 know that:
COLA's, CPI are all rigged to an ever decreasing standard of living they call inflation. All bullshit.
The government needing tax dollars to function. Bullshit.
The prices of oil, steel, copper, food, housing, etc. rising. Bullshit.
Remember the other day when I told you you had to jump-in to see things clearly, well it's time.
We are taught to be dollar centric, to think of the dollar as a constant, the norm, it's not. Inflation is an increase in the currency supply not prices.
Rising prices in commodities do NOT reflect an increase in their value, it reflects a decrease in the value of the dollar. The only reason we haven't gone Zimbabwe or Argentina is that we use drugs, illegal aliens, and our military to enforce the export of inflation overseas.
Over 60% of our actual printed cash is abroad and 56% of our treasury bonds, a negotiable financial instrument. You talk about selling or buying oil for something other than dollars, we'll bomb your ass. You want to start a gold based currency, we'll bomb your ass. You don't have a Zionist controlled central bank to do our bidding, you guessed it, we'll bomb your ass.
Look for a chart and see how the value of the dollar has fallen against gold since 1933 or especially since 1972. All based on an ever increasing debt for which the dollars are created but not the dollars for the interest, think of a casino that drags each pot but has no new players, the games going to end someday.
I hope some of this makes sense.
“Anti-semitism is a disease–you catch it from Jews”–Edgar J. Steele
“The jew cries out in pain, as he strikes you.”–Polish proverb
“I would like to express my heartfelt apologies for the unfortunate and tasteless quotes I published in my tag lines. I am very sorry and ashamed. I never wanted to offend anyone, or to encroach human rights."- Hmmmmm
Hmmmmm posted on 2013-07-22 6:20:59 ET Reply Trace Private Reply
#5. To: Hmmmmm (#4)
Over 60% of our actual printed cash is abroad and 56% of our treasury bonds, a negotiable financial instrument. You talk about selling or buying oil for something other than dollars, we'll bomb your ass. You want to start a gold based currency, we'll bomb your ass. You don't have a Zionist controlled central bank to do our bidding, you guessed it, we'll bomb your ass.

I remember what you said the other day and thanks for your very astute post. The inflation travesty makes no sense. Foreign aid, War and bases around the world are ways to get lots of FRNs exported into other countries faster than commercial trade. Then the FRNs come back here for foreign purchases of our businesses, infrastructures, land and housing. A money laundering scheme for the corrupt financiers to globalize and dispossess us through their agents is what it looks like to me. We need to build our own economy and financial system here -- to realize that there is almost nothing in the Gangsterized system that is salvageable and repairable quickly enough for us of what was our administrative facilities or were supposed to be ours. They've all been seized or ruined in a foreign takeover. We have the Constitution as our foundation to get us back to proper governance and a sound money system. The Military is not really theirs. It's our Military. If they want to keep paying our Military while we get situated, they don't have to do that so don't bill us and it's still our Military, not their "property".
-------
"They're on our left, they're on our right, they're in front of us, they're behind us...they can't get away this time." -- Col. Puller, USMC
GreyLmist posted on 2013-07-22 9:59:56 ET Reply Trace Private Reply
#6. To: GreyLmist (#5)
A money laundering scheme for the corrupt financiers to globalize and dispossess us through their agents is what it looks like to me. We need to build our own economy and financial system here -- to realize that there is almost nothing in the Gangsterized system that is salvageable and repairable quickly enough for us of what was our administrative facilities or were supposed to be ours. They've all been seized or ruined in a foreign takeover.

Give me control of a nations money supply, and I care not who makes it’s laws. Mater Amschel Rothschild, founder of the Rothschild banking dynasty.
Think of a monopoly game where there are people with guns enforcing the rules on all players except for you, you are the banker and may do as you please in secret. The possibilities are endless.
How do you get that kind of power?
What would you do to keep that kind of power?
Why do the other players keep playing?
Nothing can be done to fix the system using their FRN's. Jefferson said it:
"And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.> TJ
Hell the revolution was over control of the money.
Jackson said it:

And they tried to kill him.
In today's world they own the the banks the government the media the corporations and YOU!
As I told you, without a profound change in perspective it is impossible to even see the true problem. I was blessed having a few intelligent, articulate and very patient people (christine's husband was one of them) help me understand (change my perspective).
Knowing what you now know, I cannot help you further as I am truly limited in the skills noted above. There is help here (noone for instance) and the internet is a big place.
“Anti-semitism is a disease–you catch it from Jews”–Edgar J. Steele
“The jew cries out in pain, as he strikes you.”–Polish proverb
“I would like to express my heartfelt apologies for the unfortunate and tasteless quotes I published in my tag lines. I am very sorry and ashamed. I never wanted to offend anyone, or to encroach human rights."- Hmmmmm
Hmmmmm posted on 2013-07-22 14:09:22 ET Reply Trace Private Reply
#7. To: Hmmmmm (#1)
Generally, the first vid is right on and the second on is pure propaganda in that it blames price increases on wage "inflation" not taking into account the feds increasing the money supply and the taxes taken. In the 100 years before the fed money supply (gold & silver) increased slower than productivity so wages were up and prices were down (at least relatively). In the 100 years since the fed the money supply has risen faster than production, the FRN has lost 98% of its value measured in prices, productivity is up and wages are falling.
The premise that I have to continually produce more to maintain purchasing power while the fed skims all the increases by charging interest on the increased money supply is obscene. Oh and unconstitutional.

Bingo.
Wage Inflation is a myth invented by paid Keynesian whores to justify government intervention in the economy to support the Banksters.
Wages, in every objective study, lag behind inflation. Increased wages are a result of inflation not a cause. In inflation adjusted dollars the average working man or woman is now making LESS than they were in 1968. The inflation of the late 1970's was particularly brutal on the working person. It was good for the Banksters though. Wages never go up at the rate of inflation - except in Gubbermintland. Which of course explains why gubbermint jobs are so eagerly sought by many.
Inflation can be most simply summarized as "too many dollars chasing too few goods". That is when the supply of money in circulation is expanded at a rate greater than the production of new goods and services then each successive dollar is worth less because there are more dollars seeking to by the same quantity of goods. As a result each successive dollar produced is worth less. This is called the marginal value of money i.e., what each successive dollar is worth at, and beyond, the margin. It seems complex when you first read it but the concept is simple. Dollars are being printed at a rate greater than goods and services are being produced. So, you get too many dollars chasing too few goods.
Perseverent Gardener"“Believe nothing merely because you have been told it. Do not believe what your teacher tells you merely out of respect for the teacher. But whatsoever, after due examination and analysis, you find to be kind, conducive to the good, the benefit, the welfare of all beings - that doctrine believe and cling to, and take it as your guide.” ~ Gautama Siddhartha — The Buddha

Any sufficiently advanced stupidity is indistinguishable from evil. ~ Unk (Paraphrase of Clarke's 3rd Law)
Original_Intent posted on 2013-07-22 14:25:44 ET Reply Trace Private Reply
#8. To: Original_Intent (#7)
Wage Inflation is a myth invented by paid Keynesian whores to justify government intervention in the economy to support the Banksters.

It is deception though deflection: Blame the greedy worker for rising prices instead of the banksters printing the currency. I hope you can help Grey on her journey.
“Anti-semitism is a disease–you catch it from Jews”–Edgar J. Steele
“The jew cries out in pain, as he strikes you.”–Polish proverb
“I would like to express my heartfelt apologies for the unfortunate and tasteless quotes I published in my tag lines. I am very sorry and ashamed. I never wanted to offend anyone, or to encroach human rights."- Hmmmmm
Hmmmmm posted on 2013-07-22 15:45:34 ET Reply Trace Private Reply
#9. To: Hmmmmm, noone222, Original_Intent, 4 (#8)
Hmmmmm to me at Post #6: Knowing what you now know, I cannot help you further as I am truly limited in the skills noted above. There is help here (noone for instance) and the internet is a big place.
Hmmmmm to Original_Intent at Post #8: I hope you can help Grey on her journey.

My hope is that we can all be of help to each other somehow on our journeys, each in our own way. What I know for sure is that everyone here has been a help to me on mine and I'm thankful to God for that. :)
-------
"They're on our left, they're on our right, they're in front of us, they're behind us...they can't get away this time." -- Col. Puller, USMC
GreyLmist posted on 2013-07-23 0:14:09 ET Reply Trace Private Reply
#10. To: GreyLmist (#9)
My hope is that we can all be of help to each other somehow on our journeys,

Here is my confession to you. As you recall I told you it was necessary to fundamentally change your perspective when viewing the dollar, money, inflation, the fed, etc. confident that anyone who had the capacity to do that with a rational, open mind would question or forsake their prior beliefs instilled through the education system, media and culture. Limiting the conspiracy to monetary policy it is simple (relative to what follows) to provide means, motive, and opportunity to the crime that is called the Federal Reserve Act and the continuing operations of the fed.
Having spent 1/2 my life in the company, and confidence of hustlers of all sizes it is especially easy to recognize their modus operandi of appealing to the emotions of greed, security, patriotism, et al. to fleece the flock. It is the way of the world, there is nothing new under the sun.
My confession is that the conspiracy is so much grander than we have discussed. So vast as to defy description, to be beyond belief, and yet it is undeniably and historically true. The theft of our country, our government our constitution our supremacy as the People (sovereigns). George Bush acting as president of the corporate US was absolutely correct when he stated "Don't tell me about the constitution, it's just a God damn piece of paper."
For this country to be stolen out from under the noses of its people in fifty years time and its ongoing operation for the next 100 years till this day under the color of law without rebellion is staggering to me.
In the 1860's we have a constitutional crisis evolves into a "cival war" that nobody wanted, brother against brother, 750,000 dead and by the end of reconstruction ALL Americans HAD LOST THEIR COUNTRY!
Words mean things, therefore changes in words mean things, no matter how subtle. I have spent days on end listening to and asking questions of people who have spent their life researching how this country was stolen from us. People that can rattle off names, dates, places, Acts, Code numbers, Etc. from documents ranging over the last 250 years off the top of their head. It is a story that must not be told, to be ridiculed, laughed at lest the sheep wake-up (fat chance of that happening). Click the link below to start scratching the surface.
www.usavsus.info/
Having this information and using are 2 different things most that use it IMHO die broke or in jail many get killed, There is 1 person on this site that is an exception, as far as I know he leads a successful happy life outside the corporate world.
“Anti-semitism is a disease–you catch it from Jews”–Edgar J. Steele
“The jew cries out in pain, as he strikes you.”–Polish proverb
“I would like to express my heartfelt apologies for the unfortunate and tasteless quotes I published in my tag lines. I am very sorry and ashamed. I never wanted to offend anyone, or to encroach human rights."- Hmmmmm
Hmmmmm posted on 2013-07-24 19:14:11 ET Reply Trace Private Reply
#11. To: Hmmmmm (#10)
Thank you for your insightful assistance and for the usavsus.info link. There's a lot of useful info and tools there but the Corporate fiction column on the right is just astounding to me, as usual whenever I encounter that phantasmagorical philosophy:

It also reminds me of a slave ship...Benedict Arnold...that sort of thing. It's not that I don't appreciate being alerted to the "legal" pitfalls wrongfully devised by control freaks as if their false paradigm is more powerful than the Constitution. I do appreciate that guidance, which I think is generally well-intended, but if there's some additional directional purpose to the UCC Corporate Fiction angle besides prodding Patriots to genuflect in despair, I guess I'm missing the point. Don't know, either, what we're expected to do about it correctively other than play along and don't write our names in capital letters or just become Ex-Pats. Do you? How the new country of America forming a capital city of 10 mile square jurisdiction over a period of time ever turned into such a Stonehenge-like, megalithic mythos, I have no clue.

For this country to be stolen out from under the noses of its people in fifty years time and its ongoing operation for the next 100 years till this day under the color of law without rebellion is staggering to me.

Baffles me, as well. Here's a Cannon, though, that I got from a Lion recently at rumormillnews.com:
The Time Has Come

-------
"They're on our left, they're on our right, they're in front of us, they're behind us...they can't get away this time." -- Col. Puller, USMC
GreyLmist posted on 2013-07-25 7:30:31 ET (1 image) Reply Trace Private Reply
#12. To: Hmmmmm (#6)
In today's world they own the the banks the government the media the corporations and YOU!

Great post and video.
Until the people understand what is money, and how it works; there's little hope for change.
“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken
Lod posted on 2013-07-25 9:19:03 ET Reply Trace Private Reply
Top • Page Up • Full Thread • Page Down • Bottom/Latest

Freedom4um