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Jim Cook

 

RUNAWAY SOCIAL SYMPATHY

Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

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The Best of Jim Cook Archive

 
Best of William Histed
June 29, 2010
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I have argued, I think with some success, that a "dollar" 50 years ago is worth 5 cents, or less. I came across some more prices from 1950---60 years ago in "Reminisce" Magazine, published by Reader's Digest.  I trust the prices listed in articles there from 50 or 60 years ago more than I trust the Federal Reserve Bank's statements today.

  I'll give a real quick breakdown: hospital room in 1950, $8 per day; steak sandwich, 50 cents; glass of chocolate milk in a restaurant, 5 cents; chicken dinner (half a chicken) with the trimmings, $1.25.

   We are in a continuing crash and we have not reached the basement yet.  What has been done to the once mighty U.S. dollar is a disaster.  And in time, as we continue to lose our economic might by the greatest deficits, spending and debt in the history of the world, we will lose our military might around the world.  Militaries travel on their bellies, it has been said for years and it takes a huge, strong, economic engine to support a world-wide military.  Tell the troops there is no money to pay them---or their "money" won't buy them anything...and see how long they can afford to stick around.  I am only saying this for some of you who think our military will save us from anything. 

   Inflation at the level we have in this country is a cancer.  It is deliberate and it is as dishonest as the government and its central bankers robbing your home.

   Inflation is often cleverly disguised or just shrugged away.

   How is inflation dishonest and hurtful to a nation?  Here are some of the ways:
----Cheaper made goods and poorer service.  Items often become produced with cheaper materials and parts. Many items simply are "thrown away" and "landfilled" at an earlier age because quality comes behind saving money to pay for higher labor and material costs.

----Less service.  A major big box store near where I live is cutting down on help, the lines are longer and customers are growing more frustrated with fewer checkouts open as the store tries to compensate for higher prices, higher taxes and higher minimum wage laws.  Wait until forced health insurance has to be paid for.

----More accidents.  Some recent accidents have been blamed to the need to "save money" due to higher and higher prices.  short-cuts are taken, compromising safety.  Even the massive oil slick disaster in the Gulf of Mexico has its roots in trying to "save money" by hurrying up the process to cut costs.

---Less thrift results.  Our nation in recent years had a pathetic rate of savings.  Why save something, such as Federal Reserve notes, that are all but guaranteed to collapse in purchasing power in the lifetime of the saver?

---More dishonesty.  Some businesses and individuals think of ways to circumvent honest dealings. A current practice is to cut down the size of packaging or to put fewer items in a container sold.  It is getting harder and harder to buy a "pound" or a five-pound container of anything.  Many food items, especially, are packed in packages with odd-ball weights and measures, such as 11.4 ounces on one box of crackers that used to be a full pound.

---Hard done to a nation's future.  A woman just told me the other day that her son and his wife can't afford to have any children right now and don't know when that might be.  Inflation and the creation of trillions of unbacked Federal Reserve notes in the form of debits and credits have so devastated the economy, they don't know what to do.  They were told that even with insurance, they can expect a hospital bill for a baby delivery in the thousands of dollars they will have to pay out of pocket.

----Less pride in work.  There is less pride in work as items are slapped together in a hurry.  Workers are imported to keep wages down.

----Ironically, while some workers are "imported" to keep wages down domestically, many good and even services such as telemarketing and customer centers, are "exported" to cheap wage states.  The moving of multi-millions of U.S. manufacturing jobs overseas has helped to disguise the real cost of inflation by trying to keep perceived costs down at home.  My bet is if you removed from all of the "everything for a dollar stores" that was not made in the United States, the stores would be nearly empty.  Yes, we have done a fantastic job at disguising the REAL cost of inflation to this nation.  And that says nothing about the world record "balance of payments" deficit our trade polices have brought about.

----Less choice and less frequency:  Some publications have gone from daily to week or weekly to monthly; Greyhound has cut service to many cities in recent years to save money and there has been a concern voiced that some airlines need closely watched so they don't compromise safety to compensate for higher costs.
----Good service gets harder to find.  With emphasis on cost control to pay for higher prices on the part of the seller, you often find fewer clerks, more registers closed, etc.

----All around lower standard of living.  People who find their "money" worth less find they have less purchasing power to repair and maintain their homes, spend on medicine for elderly parents and the list goes on and on.

----The elderly get hurt.  With virtually no chance to raise their limited incomes or fixed retirement checks, the elderly especially get squeezed by inflation. Some have to become more dependent upon children; some have to decide between food or medicine.  The new forced U.S.health care plan is a way to further disguise inflation by rationing health care.  Already, the propaganda has started with men and women being told they don't need as medical tests as they were told in recent years.  It was all a mistake.

The current inflation rate is being cleverly disguised by these cost-cutting measures, which translate into service-cutting and value-cutting measures.
  
Inflation is stealing.  It is cheating.  And the government, some corporations and others are trying to hide it through cheap imports, cheaper made goods, smaller packaging and less and less service.