Coal price up 600% in the last 5 years

roccman

and oil is up about the same...

nope ...no inflation here...move along now...
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We are going back to roccland - me

anarky321

energy price increases are not inflation, they are simply a reflection of scarcer supply

read the definition of inflation; its an increase in the money supply, this is not happening now, what we have is a PLUMMETING of the effective money supply due to the collapse of credit; money is getting scarce which is why we're slipping into DEFLATION

forecast for next 5 years

energy up, assets down, commodities down, merchandise down, wages down, consumer spending down, budget spending down, corporation revenues down, tax receipts down

get the picture yet?

roccman

frankthetank

I think a lot of people realize coal is where its at. Too much time to bring nukes online and too much money. Coal is cheap, plentiful, dirty as hell.

Isn't it really stagflation?
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dukey · Fission Joined: Feb 20, 2005 Posts: 2064

i disagree with the standard definition of inflation
and also how the media look at inflation

the media will tell us that inflation is caused by increases in the price of oil. Okay this is easy to see. But how is increasing interest rates going to fix this ? It's a no brainer. It's not really inflation at all because more money is being allocated to energy production, and less elsewhere. This is just suppy and demand fundamentals. It's how capitalism works.

But think about currency. 100 dollars or pounds today is worth very little, 20, 50 or 100 years ago you could buy a LOT for that money. So there has been a MASSIVE devaluation of the currency. Is this caused by the supply and demand of oil ? No, it's caused by our fractional reserve banking system, and the fact it keeps creating too much money out of nothing. But they will never explain this to the average retard because then they would have to explain the fact banks create money out of nothing. There are no backed assets when they do this.

Raising interest rates stops inflation because it slows down the money creation process at the banks, not because the economy is 'overheating' due to excessive demand, although it some cases it could be a factor, it's not the main reason. It may well be true for oil, but reducing UK demand is not going to do anything globally to the price, it will just damage the economy. Think about that next time you hear the talking heads banging on about inflation.

The way they measure inflation is a joke anyway because they just go out and go shopping at a super market and see how much it all costs. What about mortgages ? Or the cost of houses. This is not part of the inflation statistics and this is where the most money is borrowed, so really it's taking the piss. I'm really sick of idiots on the news giving us the dumbed down version of inflation.

cube · Fusion Joined: Mar 12, 2005 Posts: 3796

aflurry · Intermediate Crude Joined: Mar 28, 2005 Posts: 839

dukey · Fission Joined: Feb 20, 2005 Posts: 2064

it's a crime because money is essentially issued as debt. And as a result it's mathmatically impossible for us to repay all our debts. Money should be spent into the economy, not created out of nothing then given out as loans.

So you see nothing wrong with a bank creating money out of nothing (causing inflation) and loaning it to you. And when you can't pay the interest on the money they can liquidate your assets ? When the bank created that money at no cost to themselves ? LOL

Income tax is almost as amusing because it ONLY pays off the interest on the money the fed created at no cost to themselves then loaned to the government. I mean how farking ridiculous. The only people that should be fine with this are the people that benefit from the system, and that's not you !

gee i wonder where inflation comes from

everything is fine move along

Schneider

Funny how the US dept really start to kick just after the us peak of oil production..
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Concerned · Light Sweet Crude Joined: Sep 23, 2004 Posts: 1550

kublikhan

roccman

Tyler_JC