The fed

Originally posted by Metal Brain
You just don't get it do you?

Why the heck should I painstakingly subtract every number from the previous year to get the 1 year percentage? All I asked you for was a link that already broke the numbers down for me. That way I could compare the inflation rate from year to year without doing the unnecessary math.

Get a clue!

*sigh*

The last two columns are in percentage.You don't even have to "subtract" anything to compare inflation from year to year.

Originally posted by Palynka
*sigh*

The last two columns are in percentage.You don't even have to "subtract" anything to compare inflation from year to year.

You mean in 2008 the inflation rate for that year was 215.30 %?

Surely you don't expect me to believe that? I am growing tired of your games. You are not making any sense. Why don't you look at the very website you keep lying about!

ftp://ftp.bls.gov/pub/special.requests/cpi/cpiai.txt

Originally posted by Metal Brain
You mean in 2008 the inflation rate for that year was 215.30 %?

Surely you don't expect me to believe that? I am growing tired of your games. You are not making any sense. Why don't you look at the very website you keep lying about!

ftp://ftp.bls.gov/pub/special.requests/cpi/cpiai.txt

Number two (2). It comes after one (1) and before three (3).

The value for the CPI of 215.303 is not in the last two columns nor is it in percentage terms.

It's incredible how people FAIL to see something which is in front of them, just because they don't really want it to be there.

Originally posted by Palynka
Number two (2). It comes after one (1) and before three (3).

The value for the CPI of 215.303 is [b]not in the last two columns nor is it in percentage terms.

It's incredible how people FAIL to see something which is in front of them, just because they don't really want it to be there.[/b]

Do you have the inflation rates before 1913?

Originally posted by Metal Brain
Do you have the inflation rates before 1913?

There is no official data, only estimates from things like these:
http://gpih.ucdavis.edu/files/San_Francisco_wholesale_prices_1847-1900_and_California_wages_1870-1928.xls

Here's an example of estimates for the UK:
http://safalra.com/other/historical-uk-inflation-price-conversion/

Do you know which years are the gold standard ones?

Originally posted by Metal Brain
You mean in 2008 the inflation rate for that year was 215.30 %?

Surely you don't expect me to believe that? I am growing tired of your games. You are not making any sense. Why don't you look at the very website you keep lying about!

ftp://ftp.bls.gov/pub/special.requests/cpi/cpiai.txt

I think you are being deliberately obtuse. My third grade daughter can understand the table. Hell, both Pal and I have already explained how the thing works.

And FYI the inflation rate you are looking for is 3.8%.

Originally posted by Metal Brain
If you know so much explain the difference between debt based notes and debt free notes.

To my knowledge those terms are products of wildly heterodox economic schools. Anyway, why do you constantly deflect discussion with new questions and red herrings?

Originally posted by telerion
To my knowledge those terms are products of wildly heterodox economic schools. Anyway, why do you constantly deflect discussion with new questions and red herrings?

Many people cannot cope with the fact that they could be wrong about things that they deem important.

Originally posted by telerion
To my knowledge those terms are products of wildly heterodox economic schools. Anyway, why do you constantly deflect discussion with new questions and red herrings?

I am just trying to understand why there was no interest to pay for the introduction of colonial script. Why would they have to pay interest otherwise and is that how the Fed works now?

http://en.wikipedia.org/wiki/Colonial_scrip

The Currency Act of 1764 was basically the primary cause of the revolutionary war from what I gather. We were never taught that in history were we? It all looks funny. You can't help but want to understand things better.

Originally posted by Palynka
Many people cannot cope with the fact that they could be wrong about things that they deem important.

That is not true. I'm just trying to understand things better. Gold is in too few hands for me to support the gold standard.

Can you tell me if colonial scrip was a system of fractional reserve banking?

http://en.wikipedia.org/wiki/Colonial_scrip

Originally posted by telerion
I think you are being deliberately obtuse. My third grade daughter can understand the table. Hell, both Pal and I have already explained how the thing works.

And FYI the inflation rate you are looking for is 3.8%.

guys how hard was it to do this. how many pages of who's on first did we need to endure before someone can simply unambiguously explain anything!

.......................................................................Percent change
...........................................................Annual.......Dec-....Avg-
Year Jan..........Feb............Dec............ .Avg.........Dec.....Avg
2007 202.416 203.499.... 210.036.....207.342.......4.1.....2.8
2008 211.080 211.693.... 210.228.....215.303.......0.1.....3.8
2009 211.143 212.193

Dear Mr Metal Brain

To calculate Dec Percent Change, take value for year 2008 (210.228) and subtract from it value for year 2007(210.036) divide by the year that the change is with respect to(2007) and multiply by 100 to express the ratio in percentage terms. Likewise any other month or the yearly average can be similarly calculated.

ie:- Percentage change Dec 2008
= (210.228-210.036)/210.036 *100/1 = 0.09141% = 0.1% (1dp)

ie:- Percentage change Avg 2008
ie:- Percentage change Dec 2008
= (215.303-207.342)/207.342 *100/1 = 3.8395% = 3.8% (1dp)

Originally posted by kmax87
guys how hard was it to do this. how many pages of who's on first did we need to endure before someone can simply unambiguously explain anything!

.......................................................................Percent change
...........................................................Annual.......Dec-....Avg-
Year Jan..........Feb............Dec. ...[text shortened]...
ie:- Percentage change Dec 2008
= (215.303-207.342)/207.342 *100/1 = 3.8395% = 3.8% (1dp)

Yes , I know.

The last two columns of the link Palynka provided did not fit my whole screen. I didn't notice that it was there all along because I could not see it. Perhaps because I use Mozilla Firefox, I'm not sure, but I finally noticed the horizontal bar at the bottom and adjusted so I could see it.

Anyway, the Money Masters clearly warns against going back to the gold standard. It also says colonial script worked well, but if fractional reserve banking was used during that time it would show the film is contradictory. That is why I want to know.

Originally posted by kmax87
guys how hard was it to do this. how many pages of who's on first did we need to endure before someone can simply unambiguously explain anything!

.......................................................................Percent change
...........................................................Annual.......Dec-....Avg-
Year Jan..........Feb............Dec. ...[text shortened]...
ie:- Percentage change Dec 2008
= (215.303-207.342)/207.342 *100/1 = 3.8395% = 3.8% (1dp)

I was just seeing how far self-imposed blindness goes.

Any comments on my reply to your other post?

Originally posted by Metal Brain
Yes , I know.

The last two columns of the link Palynka provided did not fit my whole screen. I didn't notice that it was there all along because I could not see it. Perhaps because I use Mozilla Firefox, I'm not sure, but I finally noticed the horizontal bar at the bottom and adjusted so I could see it.

Anyway, the Money Masters clearly warns again ...[text shortened]... was used during that time it would show the film is contradictory. That is why I want to know.

Since, at least ,the 17th century there were forms of fractional-reserve banking. In London, it began shortly after King Charles I, basically decided to take (effectively steal) gold that was kept by the monarchy for safe-keeping.

Needless to say, people started to look for other places where to deposit gold and chose London's goldsmiths. These soon realized that people only withdrew a fraction of the gold deposited and started to lend other people's gold. This, in short, is money creation as in what we now call fractional-reserve banking.

Interestingly, they then started to trade the debt contract (promissory notes for payment of the debt) and in time paper redeemable in gold started to circulate.

Originally posted by Palynka
If CPI has been overstated, then "effective" inflation has been lower than "reported" inflation. This means that pension increases were effectively higher than if inflation had been reported correctly. So, if the Boskin report is accurate, pension increases have been skewed upwards. When were this measures implemented (if they were)?.........The fact that he was in the commission makes me doubt the conspiracy motive even more.

I think the point made is that CPI increases have been understated for at least a period of 20 years and with that understating, large slabs of society have slipped down a rung or two without anyone noticing it. The *basket of goods*, that make up the CPI calculation, if they have been *tampered* with over time by substituting cheaper items of lower quality so that it seems joe average is doing okay, what it hides is the fact that people have not been able to maintain their lifestyle over time and that the funding of the pension system is wholly inadequate. Given your observations of the origins of fractional banking which pretty much reads off the same page as the first rabid vitriolic BNP inspired anti-semite link I gave, it would appear that the process of paupering the American Nation, while maintaining the perception of growth and increasing wealth, is part and parcel of the very same process of the all powerful world banking elite, systematically placing the world's nations and its citizens into debt, such that *they* will eventually emerge as the rulers of all nations. (allegedly)

The more implausible and absurd a conspiracy appears, ultimately is probably the best indicator of its enduring established nature. 😉

[edit] btw Russ, when are we going to get a smiley that shows a forefinger tapping ones nose?