With the economy being so bad we certainly didn't need this:

Corn up 44% in one month
Soybeans up 17% in one month
Wheat up 45% in one month

Good thing I can't eat that GMO corn. It's indigestible. I might as well buy it and throw it straight in the toilet. Save time by cutting out the middle man.

And 2/5 of the family is already gluten free so wheat prices aren't going to affect me either.

Wow...now I know what it feels like to be Sam. Completely unfazed by the world as long as it agrees with my personal worldview.

Once again Jpete, you show your true colors with an attack & I wasn't even in on the thread. Guess I must really bother you or you would just ignore me. A news flash for you, corn syrup is in almost everything even non food products. That damn Obama I wish he would have made it ran, but I'm afraid it's too late for most of the country, hope I'm wrong.

Just a preemptive strike Sam. You're like a bad penny. I knew you'd turn up sooner or later.

We eat pretty decent around here. HFCS isn't in a lot.

Mainly the Coke for my nightly Captain and Coke.

what really is so bad about the economy?. that is all you hear anymore. most people are working, starvation is rare. not everyone can be a rich "job creator" but America is the land of opportunity, and Money. pray that Bain capitol doesn't buy out your company, gut it like a fish, and throw out the carcass.

Blatant trolling, but I'll bite:

Home prices down by an average of 35-40% nationwide
An unimaginable backlog of close to 3 million foreclosed (and/or actively in foreclosure) homes that need to be cleared from the market
Millions behind on their monthly mortgage payments and heading down the road to foreclosure
2.1 million more collecting full SS disability instead of being employed (after finding this to be their only avenue to a monthly check)
100,000 per week expiring the last of their multiple times extended unemployment benefits. The same being counted as not seeking employment (instead of unemployed)
Interest rates at near zero yet nothing is coming from it
The Federal Reserve just announced that the stock markets would be at least 50% lower if not for their manipulative intervention
46% of children living off of food stamps
The lowest percentage of eligible working age citizens employed since records began being taken
The highest level of young blacks unemployed since records began being taken

I'm sure many can easily chime in here to expand upon this list of woes.

And then there was this piece last week.

http://money.msn.com/top-stocks/post.as ... 12ea85a69f

U.S. consumers are now living in a world much like the one the Japanese have been living in for the past 20 years: a world with limited access to credit, little or no appreciation in asset values, slow growth, large government deficits, and a rickety banking system.

The Japanese "Lost Decade" is now over TWO decades old with no end in sight. It was brought on by the same things that brought our current problems on (real estate bubble popped) and they did all the same things we did to "fix" it(dropped interest rates to near zero)

So if you apply the same solution to the same problem, what do you think the results will be?

http://www.youtube.com/watch?v=gEmJ-VWPDM4

Speaking of the Japanese, if we were living in more honorable times our government would admit that we are in a depression. But since to them reality is merely what you make it (as opposed to reality being real), they are making this into not even being a recession (as that was officially declared to have ended back in 2009).

Hopey Changey!

Islamic sharia states taking control, Iran well on it's way to Nuke status. Israel on the verge of destruction if they Don't strike. Obummer is no way prepared to make a stance either way....although he would always defer to Islam over them damn jooooze anyway.

We've already discussed his only promises that he kept...bankrupting the Coal Industry.

The most divided country in my 50 yrs in this country I call home.

A media that has sold itself to politics, to a person. A media which has turned it's back on the people to push an ideology that has been stuffed down their throats from every useless POS professor from the 60's and as that Azzwipe preacher that taught the dolt in chief ...."the chickens have come home to roost .

An ecomonomic future that has 8+ % New Norm employment.

A president that by fiat declares the 1996 Welfare Reform Bill gutted...no more work requirements to qualify for government handouts.

47% of US citizens pay no income taxes yet are allowed to vote, the tipping point is close with no probability of stopping it .

Yep...

lsayre wrote:Speaking of the Japanese, if we were living in more honorable times our government would admit that we are in a depression. But since to them reality is merely what you make it (as opposed to reality being real), they are making this into not even being a recession (as that was officially declared to have ended back in 2009).

And speaking of that, I've been re-reading many of my economics books.

Thought it was interesting in Rothbard's "Economic Depressions: Their Cause and Cure" where he talks about the fact that there were periodic booms and busts which were generally called "panics" followed by "depressions".

But after the "Great" Depression, we've never had another. Interesting, no?

Depression gave way to "recession" which now are typically called "downturns", "slowdowns" or "sideways movements."

But my personal favorite has to be "negative growth"! If that's not a term engineered and lab tested to confuse the proles, I don't know what is.

France just sold roughly $6 billion (in US terms) of its new "negative interest" bonds, and it was a whopping success in that they sold out early. Everyone flocked to be an owner of the new bonds that cost you to own them instead of paying you for owning them.

I still don't understand who was buying those.

Probably Helicopter Ben and Tax Dodgin' Timmy!

Looking for a few things on craigslist and noticed several sellers selling to meet mortgage payments or even electric bill. Empty storefronts are also a good indicator of the times.

And where & when did all this gloom & doom start & why hasn't Congress done anything about it? The bailed out 1% banks are holding trillions, won't give up a dime to anyone other than another 1&ter. I got to say one thing the Party of No is sticking to not doing anything to help this president, too bad the country is going down at the same time.

samhill wrote:And where & when did all this gloom & doom start & why hasn't Congress done anything about it? The bailed out 1% banks are holding trillions, won't give up a dime to anyone other than another 1&ter. I got to say one thing the Party of No is sticking to not doing anything to help this president, too bad the country is going down at the same time.

The banks are part of the Federal Reserve System, the head of which (the very Federal Reserve itself) is chartered to be ran as a rogue corporation which is totally outside of all US law and Congressional oversight and directives (and as proof it has never been audited, and it probably never will, yet all other corporations and government bodies are audited annually and/or are subject to full Congressional review and dictatorial oversight. In addition, Bernanke can be ASKED questions, but he can either refuse to answer them, or at his bidding (not that of Congress) he can mindlessly blather and babble a few choice words of nonsense, but he can not ever be TOLD by Congress to do any of their desired bidding, as he is above all bidding by Congress). How can Congress "do something" about something over which they have absolutely no authority? Might I add here that Ron Paul wants this FR super status and unaccountability situation to change, yet we consider him to be a quack.

My copy of the US Constitution says that Congress has the POWER to coin money and establish the value thereof. That alone should be sufficient for them to assume full control over , to audit, and to dictate policy directly to the Federal Reserve, no?