Corporate Profits Hit New Record In 3rd Quarter

[Hobbes]

Need to be buying bullets and beer! Those items will come in handy when the value of the dollar goes the way of the Deutsche Mark.

Don't forget twinkies and dingdongs.

Like land, they aren't making them anymore and it never goes bad.

 

[DPI]

No

We have, as a nation, pursued policies that caused wages to decline for at least 30 years.

And your wages might have gone up in nominal terms but when adjusted for inflation probably not at all.

My wages adjusted for inflation have gone up substantially, you have no idea. Your rhetoric cracks me up. My degrees are in accounting and finance, trust me I can calculate the time value of money. Oh, I do not work in the financial sector, I really can't stand sitting at a desk all day.

 

[Hobbes]

My wages adjusted for inflation have gone up substantially, you have no idea. Your rhetoric cracks me up. My degrees are in accounting and finance, trust me I can calculate the time value of money. Oh, I do not work in the financial sector, I really can't stand sitting at a desk all day.

Then you invested in yourself. Your wages didn't just go up.

 

[DPI]

Then you invested in yourself. Your wages didn't just go up.

That's what I said.

"I have worked for a few corporations and my earnings have gone up every year since 1994. It is not because I sit idle and wait for somebody to give me something. I look for a niche and aim to fill that niche. Whether it takes additional education or training in my off hours, I do it to gain a competitive advantage.

I propose the declining earnings are due to the laziness and lack of effort of the general public."

 

[Glocktogo]

You shouldn't waste money on "frivolous crap" at any time, good or bad.

If they FED is actively trying to devalue the dollar you sure don't want to be in CASH.
That's what they would be devaluing.

I'm converting plenty of it into silver, lead, copper and brass.

Until something replaces the dollar, it's a little tough to get out of it completely. Until you can go to the grocery store and buy vittles with bars of silver, it's best to keep as much cash as you can.

 

[inactive]

Until something replaces the dollar, it's a little tough to get out of it completely. Until you can go to the grocery store and buy vittles with bars of silver, it's best to keep as much cash as you can.

Ron Paul would be ashamed of your comment

 

[Hobbes]

That's what I said.

"I have worked for a few corporations and my earnings have gone up every year since 1994. It is not because I sit idle and wait for somebody to give me something. I look for a niche and aim to fill that niche. Whether it takes additional education or training in my off hours, I do it to gain a competitive advantage.

I propose the declining earnings are due to the laziness and lack of effort of the general public."

With all of your education and experience you don't seem to comprehend that when economists talk of inflation-adjusted wages they are comparing apples to apples and oranges to oranges. Not apples to oranges.

Your wages might have been one thing when you were 20 and another when you were 50 but that doesn't mean you make more in inflation adjusted terms for the same job that you did when you were 20.
You're not doing the same job now are you?

 

[Hobbes]

I'm converting plenty of it into silver, lead, copper and brass.

Until something replaces the dollar, it's a little tough to get out of it completely. Until you can go to the grocery store and buy vittles with bars of silver, it's best to keep as much cash as you can.

If the FED is promoting inflation then credit is where it's at.

Borrow money that's worth X and pay it back with money that's worth X minus inflation( a lot less ).

 

[DPI]

With all of your education and experience you don't seem to comprehend that when economists talk of inflation-adjusted wages they are comparing apples to apples and oranges to oranges. Not apples to oranges.

Your wages might have been one thing when you were 20 and another when you were 50 but that doesn't mean you make more in inflation adjusted terms for the same job that you did when you were 20.
You're not doing the same job now are you?

Really?!? I give up. We must not be speaking the same language or something...

 

[Hobbes]

Really?!? I give up. We must not be speaking the same language or something...

It's not that difficult.

You can't compare your wages when you threw papers at 14 to your wages at 50 as an engineer.
It's not the same job and you can't say that a paperboy's wages have increased dramatically over the last 30 years.
It's not about You, it's about the job.

Put another way:

Compare your wages, at your present job, with what that same job payed 30yrs ago adjusted for inflation.