plutocracy
1 : government by the wealthy
2 : a controlling class of the wealthy
The boss of the government (taxpayer) owned AIG says he is taking just $1 in salary. What about other compensation? Other compensation like the taxpayer's bailout money that you sent to Goldman Sachs to boost the value of the $3 million of Goldman Sachs stock he owns.
America has become a plutocracy of government by the wealthy, and the wealthy who control the government continue to steal from the taxpayers while pretending to take just $1. They are taking trillions of dollars.
AIG CEO Edward Liddy owns $3 million of stock in Goldman Sachs.
Friday, April 17, 2009
Deflation In Germany
Germany is the large engine of European commerce and manufacturing. On a relative basis, the other European nations with less economic strength will really be suffering economically.
Governments in general are not prepared for deflation. As a corollary, the citizens aren't typically prepared. Citizens who have saved or who have secure fixed incomes will benefit from falling prices.
German wholesale prices see record decline in 22 years
BERLIN, April 15 (Xinhua) -- Wholesale prices in Germany dropped 8.0 percent in March compared with the same month last year, the biggest year-on-year decline since January 1987, the German Federal Statistical Office said Wednesday.
Compared to February, however, wholesale prices declined 0.9 percent, said the Wiesbaden-based statistics office.
Governments in general are not prepared for deflation. As a corollary, the citizens aren't typically prepared. Citizens who have saved or who have secure fixed incomes will benefit from falling prices.
German wholesale prices see record decline in 22 years
BERLIN, April 15 (Xinhua) -- Wholesale prices in Germany dropped 8.0 percent in March compared with the same month last year, the biggest year-on-year decline since January 1987, the German Federal Statistical Office said Wednesday.
Compared to February, however, wholesale prices declined 0.9 percent, said the Wiesbaden-based statistics office.
Wednesday, April 15, 2009
Unexpected Decline
An "unexpected" drop in sales? It is obvious to people in the real world that people are buying less in order to pay down debt and save some money.
Economy still vulnerable as retail sales fall
Retail sales disappoint; Obama, Bernanke warn of slow recovery amid signs of hope
Jeannine Aversa, AP Economics Writer
WASHINGTON (AP) -- The recession is easing? Not so fast. An unexpected drop in sales of just about everything from cars to clothes sent a sobering message Tuesday: The economy is still vulnerable.
...
Here is a juicy quote from a delusional person who is clearly not in the real world:
"I liken it to a lawnmower engine that hasn't been started in a while," said Richard Yamarone, economist at Argus Research Corp. "You're going to get some sputtering of activity, and you'll get a couple of false firings as well."
Economy still vulnerable as retail sales fall
Retail sales disappoint; Obama, Bernanke warn of slow recovery amid signs of hope
Jeannine Aversa, AP Economics Writer
WASHINGTON (AP) -- The recession is easing? Not so fast. An unexpected drop in sales of just about everything from cars to clothes sent a sobering message Tuesday: The economy is still vulnerable.
...
Here is a juicy quote from a delusional person who is clearly not in the real world:
"I liken it to a lawnmower engine that hasn't been started in a while," said Richard Yamarone, economist at Argus Research Corp. "You're going to get some sputtering of activity, and you'll get a couple of false firings as well."
Conservation and Sustainable Living
Overconsumption has been blamed for many ills including "global warming". People are now consuming less, conserving, and their lives are becoming more sustainable.
Less consumption means less pollution and more affordable living. The greens and Al Gore should be dancing!
Consumer prices fall as energy demand slumps
By Lucia Mutikani
WASHINGTON (Reuters) – U.S. consumer prices fell in March and recorded their first 12-month drop since 1955, government data showed on Wednesday, as slumping demand amid a severe recession pushed down energy and food costs.
The Labor Department said its closely watched Consumer Price Index fell 0.1 percent, after increasing 0.4 percent in February. On a year-over-year basis, consumer prices dived 0.4 percent, the first 12-month decline since August 1955.
...
Less consumption means less pollution and more affordable living. The greens and Al Gore should be dancing!
Consumer prices fall as energy demand slumps
By Lucia Mutikani
WASHINGTON (Reuters) – U.S. consumer prices fell in March and recorded their first 12-month drop since 1955, government data showed on Wednesday, as slumping demand amid a severe recession pushed down energy and food costs.
The Labor Department said its closely watched Consumer Price Index fell 0.1 percent, after increasing 0.4 percent in February. On a year-over-year basis, consumer prices dived 0.4 percent, the first 12-month decline since August 1955.
...
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