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lquadland10 (< 20)

I have a question.

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May 21, 2010 – Comments (2) | RELATED TICKERS: GS , AUY , SVL

Does the FED factor in Taxes and service fees as inflationary? Or as I like to call it a devaluation of the dollar that is made up of thin air. The governments around the world are like the Emperors with new clothes. Well IMO the Central Banks the G20 and IMF all are Emperors with new clothes also. The world is broke. When the finical people talk about inflation trade. I just substitute inflation for the devaluation of the dollar which is just another way to tax the people of the world without governments having any say so. Prices go up.

http://www.bls.gov/data/inflation_calculator.htm

The dollar back in 1913 when the FED took over now as of last year needed to be 21.00 just to have the same standard of living. In 2010 it now has to be 22.02. I was one of the lucky ones. I still have a job and a 25 cent pay raise. It did not keep up with the rate of the devaluation of the dollar but I have a job. Health Insurance went up 32.00 a month and the deductible went from 200.00 just 2 years ago to 300.00 last year to 400.00 this year. I no longer can afford to get sick.Oil went to the lows of about what 35.00 a barrel to now about 70.00 more or less. Wow that is 100% increase right there. Oh but the FED does not count that. Food went up and (blushing) the bra I buy went from 8.00 to 12.00. I don't even want to think of how much the inflation on that is in one year and I will have to find a new brand if I can. 

The way I see it is if I earned 50 cents in 1913 compare to what I would have to make just to have the same standard of living then would be 10.84 in 2009 and 11.01 in 2010. Ok So I am at the devaluation cost of this year of 11.00 an hour. No richer than in 1913. Well yes we all are less richer than back in 1913. They did not Social Security back then or Medicare now mandated to be taken out of the pay check. Also I would not have had health care insurance to take out. We think we are making more but we are not. I have my inflation factored and I as well as others in the USA are worse of pay wise than in 1913 but I just know the FED cooks the books on inflation and I was just wondering if they factored in Taxes and fee's.  200% devaluation of the money and every pay raise you get is not a pay raise it is just an keep you up with the devaluation of the money supply. The business says we need to off shore to other country's where wages and taxes are lower. He He China is going to start a land tax just like we have here. So honest Mr Employer it is not my fault. Talk to the FED to raise the value of our thin air money and talk to government for MANDATING social security and medicare and HUD housing and food stamps.Also universal health care. And just everything else they came up with. I know rambling. Does the Fed factor in taxes and fees? 

2 Comments – Post Your Own

#1) On May 21, 2010 at 5:57 PM, ChrisGraley (29.77) wrote:

But isn't the government better at spending your money than you are?

;) 

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#2) On May 21, 2010 at 9:23 PM, patternpro (< 20) wrote:

fed has to modify the way inflation is measured. can u imagine all the extra money they would have to pay out to social security benefits if they showed the real rate.

 

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