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Author Topic: Closer to economic collapse...and I hear crickets  (Read 962 times)
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tlg4freedom
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« Reply #20 on: November 07, 2007, 09:17:18 PM »

That cricket has a mean churp... Excellent form,  look at the wing position.
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« Reply #21 on: November 07, 2007, 09:32:56 PM »

Seriously, how is this economy hurting you?  It's hurting auto-workers but that has little to do with the things listed in this thread.  How is it hurting anyone other than the very rich? 

I love the lack of response to my points on how a weak dollar is actually GOOD for the domestic manufacturing sector?  I love the lack or response on how inflation hurts rich people far more than it does poor.  I also love how there are no hard indexes that show the impact on average people.  How many of invest in gold?  How many of us are seeing negative returns on our 401ks?  You have yet to demonstrate anything other than that the dollar is weak, that China is diversifying its currency holdings and that the housing market is shit.  It's not hurting most of us as badly as it COULD be. 
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tlg4freedom
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« Reply #22 on: November 08, 2007, 12:26:00 PM »

Are you serious?

We are a nation of imports, so currency valuation plays a significant roll.  Most things require petroleum to manufacture, hence oil goes up consumer products go up.  This is basic economics and I didn't even go to Yale.  Gold is used as a safe haven in lieu of stocks/cash by most investors during times of volatility.  I'm not implying that people invest in gold, what i'm showing you is that massive amounts of assets are being shifted to precious metals for protection.

Simply put a weak dollar gets you less.  Yes, its that simple.

Why do you need an index to prove these things?  Why don't you walk outside and ask people that earn less than 30k a year if they are Better off, Worse off or the the Same as they were 5 years ago. 

waiting for dissertation response....


Oh yeah, how's it affecting me..We eat out only once a month now and commute to work.
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Godfather of Soul
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« Reply #23 on: November 09, 2007, 06:26:51 PM »

Yes, are you serious?  Because you don't have very much other than indicators of how the investment class is doing.  And they seem to be doing fine.

You show how the investment class is hedging its bets by moving into less speculative investments.  Bravo.  The price of gold doesn't mean that the average person is hurting badly.  Also, real wages have declined not because of a weak dollar but because of corporate profiteering and the relocation of traditionally higher paying unionized manufacturing jobs overseas.  You have yet to show any correlation between a weak or strong dollar and wages. 

You go on and on about currency valuation and do not dispute that a weak dollar is GOOD for American exports.  It's not that we do not export anything, it's that we do not export as much as we used to.  Clearly China appreciates the importance of a weak currency as it INTENTIONALLY undervalues its currency SPECIFICALLY to stimulate its domestic manufacturing sector.  The reason why we have such cheap goods from China is because its currency is weak.  It's pegged to the dollar, so as he dollar weakens so does the Yuan.

As for determining if a dollar gets you less or more, let's look at the Consumer Price Index:
http://www.bls.gov/cpi/

http://inflationdata.com/inflation/consumer_price_index/HistoricalCPI.aspx

Well, we can see that the CPI has increased at roughly 3-6% a year.  Wages haven't increased quite as quickly, in fact the opposite is true, but that has NOTHING to do with monetarism and EVERYTHING to do with corporate profiteering (which has gone up significantly!)

But what's funny, is that you went on and on about inflation and you don't know or acknowledge that inflation is still low, therefore prices for goods are still relatively low!



Currency valuation and the price of oil are different things.

Despite the rapid rise in oil, the CPI has not increased significantly.  It was up 2.8% from this time last year (according the bls site) despite a significant increase in the price of oil:



That's a nearly 60% increase in the price of oil since January of this year.  So, your correlation goes to shit when we actually look at the numbers.

Look at gas prices too:



They aren't even tightly tied to the price of oil!  The price of oil is higher now than it was in the summer and gas is cheaper! 

Quote
Why do you need an index to prove these things?  Why don't you walk outside and ask people that earn less than 30k a year if they are Better off, Worse off or the the Same as they were 5 years ago.

I won't do that because that is not an accurate sample...it isn't based off of anything other than anecdote.  It's a small localized sample size that can't be extrapolated to any statistically significant number!  Perceptions often times belie reality anyways.  But I will give you data, and you will respond with anecdote.

You eat out once a month.  Sucks, but that doesn't mean that there is an imminent economic collapse.  My mother is doing much better financially than she was 5 years ago.  So is her husband, so is my father.  If I were to use their experiences in this economy as an indicator of things, then I would say that the economy is great.  But they don't count because they don't fit your doom and gloom scenario.


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tlg4freedom
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« Reply #24 on: November 09, 2007, 09:00:01 PM »

Why using the CPI as your reference is BS.  They've manipulated the methodology used to calculate it for the benefit of paying less to Social Security recipients.

http://www.shadowstats.com/cgi-bin/sgs/article/id=343


"Have you ever wondered why the CPI, GDP and employment numbers run counter to your personal and business experiences? The problem lies in biased and often-manipulated government reporting."

We haven't seen the impact of oil price at the pump...yet.  Gas here went up 30 cents in two weeks.  Aren't you in Cali?...I just saw that one town there has $5/gallon gas.  It takes a while for the oil price to impact the pump since there's a delivery and refining period. 

If I were you I would not take the governments report seriously.

Anyways, let's continue to see what happens.  Thats the one barometer that can't be fudged.
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tlg4freedom
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« Reply #25 on: November 26, 2007, 09:44:16 PM »

HSBC Sets Bailout Plan for Assets of 2 Funds
....Europe’s largest bank, HSBC Holdings, said Monday that it would bail out its two structured investment vehicles, or SIVs, by taking $45 billion in assets onto its balance sheet....
....While HSBC may have found a way to bolster investor confidence in its SIVs, some bank executives are still concerned about additional write-downs, especially after HSBC said earlier this month that losses in the housing market were spreading to credit card and other consumer loans, forcing it to set aside $3.4 billion, more than it had forecast four months earlier....

http://www.nytimes.com/2007/11/27/business/worldbusiness/27bank.html?ref=business

Fed Plans to Ease Funding Pressures by Adding Cash
...The Federal Reserve will provide funds for banks to borrow in an attempt to forestall any cash shortages at the end of the year, its first such operation since December 2005.

The Fed's New York branch said in a statement that it plans a series of repurchase agreements, starting with an $8 billion injection on Nov. 28, extending into next year. The move follows the European Central Bank's commitment last week to make extra cash available to ``counter the re-emerging risk of volatility'' in money markets...

http://www.bloomberg.com/apps/news?pid=20601087&sid=a7FTeoU0y6eI&refer=home

Wells Fargo CEO says housing worst since Great Depression
....Wells Fargo CEO John Stumpf said Thursday that housing is in the worst shape since the economic devastation of the 1930s.

"We have not seen a nationwide decline in housing like this since the Great Depression," Stumpf told those attending a Merrill Lynch & Co. (NYSE: MER) investment conference....

http://www.bizjournals.com/sacramento/stories/2007/11/12/daily56.html?ana=from_rss



stay tuned...................
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« Reply #26 on: November 26, 2007, 11:18:24 PM »

We are heading towards an economic climate similar to that of the early 90s.  It's a recession, not a collapse.  In relation to the unprecedented boom that we have been experiencing over the last 10+ years, it may seem like a collapse.  But in the era of irrationality (.com, housing, hedge funds) rich people are shitting themselves because the bottom is starting to fall out of their racecar.
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tlg4freedom
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« Reply #27 on: March 02, 2008, 10:30:41 PM »

Damn, it's been four months since the last economic update.  Let's see what's been going on.

Gold is at a all time historic high:  $975
Silver is at $19



+7% Inflation and House prices plunging?

http://www.iht.com/articles/2008/02/26/business/inflate.php
U.S. inflation soared in January, government data showed Tuesday, while another report showed another sharp downturn in the housing market.

http://news.bbc.co.uk/2/hi/business/7254969.stm
The US Federal Reserve has slashed its growth forecast for the US economy and raised its forecast for unemployment.

What about the crooked banks?
http://online.wsj.com/article/SB120398607404892133.html?mod=hps_us_whats_news
The Federal Deposit Insurance Corp. is taking steps to brace for an increase in failed financial institutions as the nation's housing and credit markets continue to worsen.

The FDIC is looking to bring back 25 retirees from its division of resolutions and receiverships. Many of these agency veterans likely worked for the FDIC during the late 1980s and early 1990s, when more than 1,000 financial institutions failed amid the savings-and-loan crisis.

What about the Dollar?
http://www.bloomberg.com/apps/news?pid=20601087&sid=af8Cqcf10WcY&refer=home
The dollar fell to the weakest ever against the euro and to a three-year low versus the yen after Federal Reserve officials signaled they will keep cutting interest rates to support the economy.


The writings on the wall people...
http://www.youtube.com/watch?v=wvTbOnuBHiQ
http://www.youtube.com/watch?v=ojdrIC9K94E&feature=related
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« Reply #28 on: March 16, 2008, 08:57:46 PM »

Mid-Month update

Gold hits $1020

5th largest US investment firm Bear Stearn goes under selling to JPM at $2 a share.
Countless life savings and 401ks wiped out.

http://www.nytimes.com/2008/03/16/business/16cnd-bear.html?bl&ex=1205812800&en=e2c8b398ef89c553&ei=5087%0A

More Rate Cuts From Fed Expected Tuesday after today's 1/4 cut


Silly me.  I forgot to mention that oil is now $107 a barrel.
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Mobile-friendly version Immortal Technique Biography

Born Felipe Andres Coronel on the 19th of February 1978, hip-hop artist Immortal Technique is a controversial figure in the U.S. His songs speak of the need for social justice and equality among all races, with special emphasis on the people of color or Latin Americans, but they also cover topics such as the fight against unfair imprisonments or militarism and many others.

His biography is hence quite intriguing, to say the least, and, just like the best anti aging cream is probably going to be lingering over the shelves of all cosmetic stores for many years to come, Immortal Technique’s songs are going to remain hot, fresh and sought after for a really long time. Due to the fact they speak about topics which are to be considered taboos, his lyrics continue to be listened to with the exterior shutters down in most homes.

Immortal technique was born in Peru, in El Hospital Militar de Lima; several years later, his family moved to America in order to escape the harsh living conditions in Peru. Even though they could not afford to buy any terrain a vendre there, they managed to move to Harlem in the ‘80s. Immortal Technique went to Hunter High School, but just like a hip replacement recall is never of good omen, his grades and behavior weren’t any good during high school either. He was the school bully, he harassed other students and he was not afraid to get involved in scandals with drug dealers from around the area. And while his interactions with these drug dealers were not as numerous as used cars in Phoenix are, they still managed to leave an ugly mark on his biography.

Plus, his graffiti did not actually resemble any Dreamweaver templates, but he was famous for his controversial acts of vandalism. His violence against others almost got him expelled in 1996, but he somehow managed to finish high school and even attend college at Pennsylvania State University. This time, his college experience only lasted for two years; he was then charged and convicted and he was eventually imprisoned in Pennsylvania.

In prison, just like a SEO San Antonio company would focus on booting a web site’s ranking, Immortal Technique also focused on boosting his own social ranking. He began studying the policy of religious history, and, finding the inspiration he needed, he began putting his thoughts in lyrics. In 1999 he was paroled and, even though he was first considered some sort of Agen Bola, as no one had heard of him at first, he began to attend freestyle battles he started winning.

From there on, his career started to bloom, as he gave birth to albums such as “Revolutionary Vol 1” in 2002, “Revolutionary Vol 2” in 2004 and “Revolutionary Vol 3” in 2008. He also became a political activist and started to sing about political injustice (check out his opinion on the imprisonment of Mumia Abu-Jamal or the songs on George W. Bush). Despite of the fact that his albums might not have gotten the type of positive reviews African mango reviews are usually comprised of, this has not stopped him from getting involved in future projects, including an important film collaboration. He might not approve the work of the CNA Financial Corporation, but we all need to eat, right?




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The History and Growth of Rap Music

If you are a music enthusiast, then it is very likely that you have come across a genre of music called rap music. Rap music is area that has very clear distinguishing features most notably the rapid and rhythmic chanting of the lyrics perfectly timed to the beat and musical accompaniment that forms the base of the song. Rap music traces its roots to the development of the hiphop subculture which predominantly carries four complementary musical styles namely: rapping, dancing and in particular break dancing, scratching or more popularity known as DJing, and graffiti writing which others dub as vandalism. Another sub-element of this genre is beat-boxing which also features heavily in the repertoire of many rap artists. If you thought this was an easy musical genre to characterize, then you were poorly informed: consider, many research papers and doctoral dissertations have been written on the subject of rap music and its accompanying stylistic elements.

The history of rap music, or hip-hop music, is composed of a series of rapid development phases that have all culminated in the popular rap versions of today. Before rap music took off in the 1990s, it was predominantly referred to as disco rap in the late 1970s. The three rappers who had a hand in coining the term “rap music” were DJ Hollywood, Lovebug Starski, and Keith Cowboy, the last one being officially credited with the term hip-hop. Rap music original began with improvisations and freestyle singing to add an element of unpredictability to the songs in parties and other gatherings. Even in the 1960s to 1970s, the initial elements of rap music where already sown in urban subcultures particularly in New York City where adhoc performances in the streets led to a coalescing of influences in the wake of the Civil Rights era. Like the iPhone 5 release date, it had a slow and steady rise building into an explosion of creativity and style that has made it into what it has become today.

At this very early stage of rap development, it was particularly tied to emcee-ing more than it was associated to any specific song. It predominantly tied songs together as an adlib in between. It was born out of the creative inputs of DJs who had to work with self-imposed musical constraints such as the 4/4 time beat and sampling or sequencing sections of other songs to create a smooth flow of uninterrupted musical stimuli. These were eventually married with electronic equipment such as drums and synthesizers, and ultimate melodies to give it that bite and identity. In a sense, rap music artists were basically like a video game designer who had to figure out each artistic component at every turn until it developed into a more coherent musical genre that became the rap music we know today.

The first recorded version of rap music came alive in the early 1980s when DJs decided to make records out of their freestyle MCing. This necessitated the documentation of song lyrics so they do not change during each and every rendition. The age of the stromanbieter for rap music was gone paving the way for more organized chaos. Still, the freestyle and improvisation element remained a part of many DJ interludes as the song goes through certain sections that did not require too much rap singing.

Likewise, as a consequence of the hip-hop records, the influence of rap began to spread faster than ever before. Artists no longer had to travel far to get their music heard. Now, records from New York City and Philadelphia can be reproduced and transported to cities like Los Angeles, New Orleans, Dallas, Baltimore, Washington, D.C., and Seattle among others for people to appreciate and enjoy. This was primarily the reason for rap music’s rapid growth. Like Christmas mini lights, cities formed the nodes through which rap music would spread to other parts of the country. From small beginnings to grand achievements, the birth certificate translation to true stardom took a matter of years for rap music to be realized. Since then, its take-off and rise has been meteoric.

In this regard, it is almost impossible to talk about rap music but not discuss the golden age of rap. This was the era from the late 1980s to the mid 1990s when rap grew at an astounding rate fueled by the creative contributions of many artists from all over the continental United States and in many parts of the world. The primary trait of the Golden Age or Rap was that it was an almost unbroken wave of transformative music with every single pushing the boundaries of the genre. From this age and in the succeeding Gansta Rap age came names like Run-D.M.C., Dr. Dre, Ice T, MC Hammer, The Wu-tang Clan, Snoop Dogg, and The Notorious B.I.G. among others. The list of names can virtually fill a Sharepoint Hive without any problems.

According to social studies published in 2005, teenagers and children are more familiar with hip-hop and rap music more than any other musical genre. Up to 65% of all children from ages 8 to 18 hear hip-hop music on a daily basis, making it their routinary keratin hair treatment session, almost to the point that it has become an intrinsic part of their lives. With the diversification of the genre to include the more stylish R&B or rhythm and blues, it is not difficult to explain how rap music has continued to pervade radio station, TV and movie song line-ups. The marriage of rap and jazz which paved the way for R&B is itself a phenomenon that warrants all sorts of social analysis.

And with its very strong following, it is safe to say that rap music is here to stay. Years from now, when you open your TV on a bright Saturday morning, there’s a big chance you would be watching the next stage in the evolution of rap music, and there’s an even better chance you would be dancing or singing to that tune.

Immortal Technique Rapper Biography

Immortal technique is the stage name for which rapper Felipe Andres Coronel is popularly known. His lyrics characterized by its unique mixture of socialist commentary of social class hierarchy, religion, wealth, poverty to contemporary issues touching on governmental and institutional racism. Perhaps you may have come across information about this popular icon as you undertake research for that mba online, or for whatever course you are undertaking, be it bachelors in criminal justice, performing arts degree, governance systems, online nurse practitioner programs, history, or any other course for which you have to do online research.

The rapper was born on the 19th day of February 1978 in Lima, Peru. During the internal conflicts that took place in their country at the time, his parents migrated to Harlem, New York. Probably, in the process of migration to the country, they may have used boats at least once in the journey. Like many American teenagers, the rapper was engaged in various acts against the law that led to his arrest several times, which in one his public interviews admitted that they were selfish and at best childish acts. After completing his incarceration terms, he took up a political science course in a bid to mend his seemingly torn life, while living with his father.

After completing his studies, he was not lucky enough to secure a job in his field of study owing to the unemployment situation prevailing in the entire United States. Like many American fresh graduates who take up it jobs, nursing jobs, waiter and nursing jobs among many other common jobs that may not necessarily need a specialist, he took up a working in a restaurant to earn a buck from which he could live on.

Through his deep interest in championing for equality between the elite and the under privileged in society, and being not a Mesothelioma Lawyer, the rapper begun his music career basing his lyrics on such issues as injustice, exploitation and mistreatment of the poor. This is captured clearly in his desire to keep control over his production, since he strongly believes that in the music industry, the producers normally make a large profit while the artist for who credit belongs, normally end ups earning peanut amounts at the end of the day.

His popular sediments are captured in his albums that include the revolutionary, both volume one and two, and the 3rd world and the middle passage album. the rapper is increasingly involved in prison visits and working with migrant rights activists, though which he speaks to youths and the unprivileged in the society trazer amor de volta. His investments are largely in farmland in Latin America, which like soweto properties is an unpopular investment option for many celebrity figures. His advice to the youth is not much on taking up an aacsb online mba or an online criminal justice degree, but rather it is based on exploiting ones talents and living soberly within the law.

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