Thursday, April 11, 2013
Escape inflation with Bitcoins
You must understand that all currencies are people's trust in the currency and nothing else. There is no silver, gold or any metal backing of any currency. It is all about trust. And with expansive banking tactics controlled by central banks, the "money" supply is controlled by the central banks ability to control the banks' reserves. i.e. increase reserves and reduce the banking system's total money supply and decrease the reserves and increase the banking system's money supply.
If Bitcoin is accepted by people and business, then it is an established currency.
The "value" of Bitcoin will vary just like the "value" of all currencies will vary depending on supply and demand. I will look into this further.
Pure Genius.
And that's the way I see it...
Straight Talk with JayClifford.
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Monday, February 25, 2013
REALITY CHECK
The government cannot guarantee you any benefits
or services
WITHOUT FIRST TAKING IT AWAY FROM SOMEONE ELSE.
Plain and simple. It is a zero sum game.
The government has only the money it can take from citizens.
And the debt is just an elaborate way to to pretend the government has money.
That is the basis of socialism. Socialism takes from some to give to other.
But as we saw in the brief history of communist Russia, some people get more than others.
Socialism can be seen as the plunder from some to give to others. But the others usually are not the productive citizens. They are the takers of the system. They offer nothing in return for their taking.
Maybe it would be a great time to read ANIMAL FARM.
A short, great book that is fun to read and has a deep meaning - specially now.
And that's the way I see it...
Straight Talk with Jay Clifford.
Saturday, February 16, 2013
Inflation update
My haircut cost me an additional $1.00 last week over 5 weeks ago.
Gasoline is up over 50¢ a gallon over a month ago
My phone service is up 35¢ per land line over last month's bill.
My electricity is up $0.0015 per kilowatt over last two months. plus other 'fees' are up.
The cost of boneless-skinless chicken breasts is up 20¢ per pound over last month.
Tomatoes are up 30¢ to 75¢ per pound over two weeks ago at my grocery.
Oil changes are up $10 over last year.
The entries at three of my asian restaurants are up $1 per entry over December.
The cost of a gallon of milk is up 22¢ over two months ago
The sale prices for toilet paper and paper towels is $1 higher than three months ago.
The cost of a gallon of bleach is up over 75¢ from four months ago.
The cost of many cereals are up between 50¢ to $1.50 over four months ago.
Sodas (pops) are the same price BUT the cans are a few ounces smaller.
The size of tuna cans is one half ounce smaller and are at the same price or higher.
Many cans and bottles that were 16 ounces are now 14 oz or 15 oz.at the same price or higher.
Pasta is now 25¢ higher per 14 oz box over three months ago 16 oz boxes.
My generic prescriptions are up 25% over my last re-fill.
You have to see that inflation is real.
Inflation is an unseen tax on everyone.
Inflation is running between 5% and 18%. The government only gave seniors 1.3% inflation
adjusted increase last year. This is an eventual automatic financial bust for seniors.
What can we do about it???
First vote in congresspeople that will honestly work on reducing the deficit. Forget about
all the side issues. They do not mean anything if the dollar collapses under inflation.
Call, write and e-mail your congresspeople to cut the deficit. Even those persons
on any government benefit need to let their congresspersons know they need to
cut the deficit.
WHY???
Because soon there will not be enough money to make those government benefit payments.
WHY???
Because every dollar spent on paying the interest in the growing deficit is a dollar that
can not be paid to citizens receiving government benefits.
Where you be when the checks stop???
A little pain by everyone now will avoid horrible pain by everyone later.
And that's the way I see it...
Straight Talk with Jay Clifford.
Gasoline is up over 50¢ a gallon over a month ago
My phone service is up 35¢ per land line over last month's bill.
My electricity is up $0.0015 per kilowatt over last two months. plus other 'fees' are up.
The cost of boneless-skinless chicken breasts is up 20¢ per pound over last month.
Tomatoes are up 30¢ to 75¢ per pound over two weeks ago at my grocery.
Oil changes are up $10 over last year.
The entries at three of my asian restaurants are up $1 per entry over December.
The cost of a gallon of milk is up 22¢ over two months ago
The sale prices for toilet paper and paper towels is $1 higher than three months ago.
The cost of a gallon of bleach is up over 75¢ from four months ago.
The cost of many cereals are up between 50¢ to $1.50 over four months ago.
Sodas (pops) are the same price BUT the cans are a few ounces smaller.
The size of tuna cans is one half ounce smaller and are at the same price or higher.
Many cans and bottles that were 16 ounces are now 14 oz or 15 oz.at the same price or higher.
Pasta is now 25¢ higher per 14 oz box over three months ago 16 oz boxes.
My generic prescriptions are up 25% over my last re-fill.
You have to see that inflation is real.
Inflation is an unseen tax on everyone.
Inflation is running between 5% and 18%. The government only gave seniors 1.3% inflation
adjusted increase last year. This is an eventual automatic financial bust for seniors.
What can we do about it???
First vote in congresspeople that will honestly work on reducing the deficit. Forget about
all the side issues. They do not mean anything if the dollar collapses under inflation.
Call, write and e-mail your congresspeople to cut the deficit. Even those persons
on any government benefit need to let their congresspersons know they need to
cut the deficit.
WHY???
Because soon there will not be enough money to make those government benefit payments.
WHY???
Because every dollar spent on paying the interest in the growing deficit is a dollar that
can not be paid to citizens receiving government benefits.
Where you be when the checks stop???
A little pain by everyone now will avoid horrible pain by everyone later.
And that's the way I see it...
Straight Talk with Jay Clifford.
Tuesday, February 12, 2013
Gasoline prices rising
There is zero reason for gasoline prices to rise. Oil prices just dropped from
about $98.50 to $96.50 and the cost per gallon went from $3.40/gallon to
$3.89/gallon. This is more than price gouging. This is cheating Americans.
Just when all our taxes were raised - That's right, everyone is now paying
more in taxes --- contrary to what the obama campaigned on. Liar -Liar.
OK - Back to gas prices and the economy. With people having
less in the paychecks, now their paychecks will not go as far with
the higher gas prices. It's like an extra tax on everyone. Another
obama wish; to get the cost of energy up and up and up.
This economy needs gas prices to honestly reflect the price of oil and not
what the gasoline companies can squeeze out of us and not what the
government can tax out of us.
And that's the way I see it...
Straight Talk from Jay Clifford.
about $98.50 to $96.50 and the cost per gallon went from $3.40/gallon to
$3.89/gallon. This is more than price gouging. This is cheating Americans.
Just when all our taxes were raised - That's right, everyone is now paying
more in taxes --- contrary to what the obama campaigned on. Liar -Liar.
OK - Back to gas prices and the economy. With people having
less in the paychecks, now their paychecks will not go as far with
the higher gas prices. It's like an extra tax on everyone. Another
obama wish; to get the cost of energy up and up and up.
This economy needs gas prices to honestly reflect the price of oil and not
what the gasoline companies can squeeze out of us and not what the
government can tax out of us.
And that's the way I see it...
Straight Talk from Jay Clifford.
Monday, October 29, 2012
Under-rReporting of real inflation
Inflation is already here and will only grow under the massive injections of money into the economy without any increase in productivity.
The only reasons prices have dropped in some instances is because of competition.
BUT the 3rd quarterly reports show a slowing of gross revenue and gross profits.
Still many items have continued to increase in price. With the CORN subsidy for ethanol production
the entire grain price structure has increased; resulting in higher prices for cereal, poultry, livestock meats, milk, cheeses, eggs, breads, and much more.
But the corn subsidy is a sham. Ethanol costs more to produce then the benefit. The only real beneficiaries are the farmers at the expense of all Americans.
The cost for gasoline has doubled in the last four years BUT the price of oil is still around $86 per barrel when the cost for a gallon of gas was under $2.00. That is inflation of cruel type made from corruption and greed at the cost to all Americans.
Home values have dropped but the people who lost their homes are now renting and driving up the cost of rent. Another form of inflation.
Insurance premiums have gone up by about 150% in the last few years. This is like a forced tax on anyone who buys insurance.
While food stamps have gone from 34,000,000 to over 47,000,000 recipients, the raise for 2013 for social security has only gone up by 1.7% This increase is based on a governmental lie in the inflation rate is only 1.7% while the real inflation rate os about 6+%. And the government will not give out the increase in Medicare PArt B until after the election. HMmmmm. Anyone wonder why??? Do you sense a large increase in this cost because of obamacare??? Another form of inflation.
The value of the dollar has decreased by about 58% in the last four years. This bodes badly for the US Dollar retaining its status as a Reserve Currency. If we lose this status, the cost of everything will increase by about 20% to 35% almost overnight. Now that will be real and damaging inflation.
The only solution is to lower both the annual budget (something not passed by the Senate in almost 4 years) and lower the actual debt. By doing both, we can cut the 'debt service'. This is the interest we pay on the 16 trillion dollar debt and growing that we now have.
When interests rates that are being kept artificially low start to rise, the debt service will start to rise.
As this happens, the US will fid itself with less and less money available to pay the interest. So we will print more money, further de-valuing the US Dollar. THIS IS REAL INFLATION AND IT HURTS ALL OF US.
WE NEED A CONGRESS AND PRESIDENT THAT UNDERSTAND BUSINESS AND THE AFFECTS OF CARRYING TOO MUCH DEBT. AND WE NEED IT NOW.
And that's the way I see it...
Straight Talk with Jay Clifford
The only reasons prices have dropped in some instances is because of competition.
BUT the 3rd quarterly reports show a slowing of gross revenue and gross profits.
Still many items have continued to increase in price. With the CORN subsidy for ethanol production
the entire grain price structure has increased; resulting in higher prices for cereal, poultry, livestock meats, milk, cheeses, eggs, breads, and much more.
But the corn subsidy is a sham. Ethanol costs more to produce then the benefit. The only real beneficiaries are the farmers at the expense of all Americans.
The cost for gasoline has doubled in the last four years BUT the price of oil is still around $86 per barrel when the cost for a gallon of gas was under $2.00. That is inflation of cruel type made from corruption and greed at the cost to all Americans.
Home values have dropped but the people who lost their homes are now renting and driving up the cost of rent. Another form of inflation.
Insurance premiums have gone up by about 150% in the last few years. This is like a forced tax on anyone who buys insurance.
While food stamps have gone from 34,000,000 to over 47,000,000 recipients, the raise for 2013 for social security has only gone up by 1.7% This increase is based on a governmental lie in the inflation rate is only 1.7% while the real inflation rate os about 6+%. And the government will not give out the increase in Medicare PArt B until after the election. HMmmmm. Anyone wonder why??? Do you sense a large increase in this cost because of obamacare??? Another form of inflation.
The value of the dollar has decreased by about 58% in the last four years. This bodes badly for the US Dollar retaining its status as a Reserve Currency. If we lose this status, the cost of everything will increase by about 20% to 35% almost overnight. Now that will be real and damaging inflation.
The only solution is to lower both the annual budget (something not passed by the Senate in almost 4 years) and lower the actual debt. By doing both, we can cut the 'debt service'. This is the interest we pay on the 16 trillion dollar debt and growing that we now have.
When interests rates that are being kept artificially low start to rise, the debt service will start to rise.
As this happens, the US will fid itself with less and less money available to pay the interest. So we will print more money, further de-valuing the US Dollar. THIS IS REAL INFLATION AND IT HURTS ALL OF US.
WE NEED A CONGRESS AND PRESIDENT THAT UNDERSTAND BUSINESS AND THE AFFECTS OF CARRYING TOO MUCH DEBT. AND WE NEED IT NOW.
And that's the way I see it...
Straight Talk with Jay Clifford
Saturday, September 22, 2012
Inflation is just around the corner
With the Federal Reserve set to pump 20,000,000,000 into the economy every month and with zero new production, the stage os set for hyper-inflation.
What is hyper-inflation?
That's when the prices on everything go up daily; sometimes hourly and the money becomes worthless.
It has happened before when countries in deep debt like what we are in start printing money instead of cutting expenses. Look up Mexico, Argentina. Germany, Brazil, They all had to change their currency because their currency went hyper-inflation. The chaos during the re-building was terrible for the people of these countries.
Yes, times will be very tough if we cut US Expenses and many people will be hurt. But that is when the churches and families will need to pool their resources to feed those who are hurt the most - just like we did in the 1930s depression.
The alternative is that the entire United States will financially collapse and everyone will be ruined and instantly poor. That means all our savings and all our IRAs and all our cash will become worthless.
The United States is between either hurting some people or collapsing financially totally ruining everyone. Neither outcome is good. BUT one out come will allow the United States to re-build our economy and survive.
The choice is a difficult one but a choice that needs to be made. The sooner the choice is made the fewer people will be hurt.
Staying on the course we are on, it is not a question of IF --- It is a matter of when.
And that's the way I see it...
Straight Talk with Jay Clifford
What is hyper-inflation?
That's when the prices on everything go up daily; sometimes hourly and the money becomes worthless.
It has happened before when countries in deep debt like what we are in start printing money instead of cutting expenses. Look up Mexico, Argentina. Germany, Brazil, They all had to change their currency because their currency went hyper-inflation. The chaos during the re-building was terrible for the people of these countries.
Yes, times will be very tough if we cut US Expenses and many people will be hurt. But that is when the churches and families will need to pool their resources to feed those who are hurt the most - just like we did in the 1930s depression.
The alternative is that the entire United States will financially collapse and everyone will be ruined and instantly poor. That means all our savings and all our IRAs and all our cash will become worthless.
The United States is between either hurting some people or collapsing financially totally ruining everyone. Neither outcome is good. BUT one out come will allow the United States to re-build our economy and survive.
The choice is a difficult one but a choice that needs to be made. The sooner the choice is made the fewer people will be hurt.
Staying on the course we are on, it is not a question of IF --- It is a matter of when.
And that's the way I see it...
Straight Talk with Jay Clifford
Friday, July 20, 2012
Inflarion is here now!
Examples of inflation:
I bought cans of tuna. They are now 5 OZ cans. Previously they were 6 OZ cans. The price is the same.
Bought a plastic bottle of Ovaltine. It was 12 OZ net weight. Previous bottle was 14 OZ Same price.
Bought coffee bag - private label at 12 OZ. Used to be 16 OZ. Same price.
Cans of sode (pop) are now 2 OZ smaller. Same price.
AT restaurants, I have noticed that entrees are 50¢ to $2.00 more for the same meal.
AT Pizza restaurants, I noticed that they are 50¢ to $1.00 more for the same size pizzas.
My electricity cost more per kilowatt hour.
My medical insurance premiums are up 12%
My car insurance premiums are up 9% for a one year older car.
My home insurance is up almost 10%.
My real estate taxes have increased by 11% and the value of my home has fallen by 10%.
All this in the last year. My "cost of inflation" is about 10% increase over last year's costs.
That is an example of inflation. Inflation is rising faster than my income. That means my standard of living is declining and my investments are worth less.
Imagine how fast inflation will increase when interest rates begin to rise in a year or so.
Gasoline prices were on its way down, but stopped its decline and is now rising.
The President Bush tax cuts are about to expire on 1.1.13. If they expire, my cost of living will decline an additional 8%.
The Chicago teachers are demanding a 35% salary raise because they will have to "work an extra 15 minutes per day". And they are planning a strike to force Chicago to give them something. That will further increase my future real estate taxes and state taxes.
INFLATION IS HERE - NOW - AND IS GETTING READY TO ROAR SOON.
INFLATION IS THE HIDDEN TAX.
WHY?
BECAUSE IT TAKES THE VALUE FROM YOUR MONEY AND GIVES YOU LESS.
That's the way I see it...
Straight Talk with Jay Clifford.
I bought cans of tuna. They are now 5 OZ cans. Previously they were 6 OZ cans. The price is the same.
Bought a plastic bottle of Ovaltine. It was 12 OZ net weight. Previous bottle was 14 OZ Same price.
Bought coffee bag - private label at 12 OZ. Used to be 16 OZ. Same price.
Cans of sode (pop) are now 2 OZ smaller. Same price.
AT restaurants, I have noticed that entrees are 50¢ to $2.00 more for the same meal.
AT Pizza restaurants, I noticed that they are 50¢ to $1.00 more for the same size pizzas.
My electricity cost more per kilowatt hour.
My medical insurance premiums are up 12%
My car insurance premiums are up 9% for a one year older car.
My home insurance is up almost 10%.
My real estate taxes have increased by 11% and the value of my home has fallen by 10%.
All this in the last year. My "cost of inflation" is about 10% increase over last year's costs.
That is an example of inflation. Inflation is rising faster than my income. That means my standard of living is declining and my investments are worth less.
Imagine how fast inflation will increase when interest rates begin to rise in a year or so.
Gasoline prices were on its way down, but stopped its decline and is now rising.
The President Bush tax cuts are about to expire on 1.1.13. If they expire, my cost of living will decline an additional 8%.
The Chicago teachers are demanding a 35% salary raise because they will have to "work an extra 15 minutes per day". And they are planning a strike to force Chicago to give them something. That will further increase my future real estate taxes and state taxes.
INFLATION IS HERE - NOW - AND IS GETTING READY TO ROAR SOON.
INFLATION IS THE HIDDEN TAX.
WHY?
BECAUSE IT TAKES THE VALUE FROM YOUR MONEY AND GIVES YOU LESS.
That's the way I see it...
Straight Talk with Jay Clifford.
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