Inflation sensation!
WASHINGTON — Federal Reserve policymakers raised their target for a key interest rate Thursday for the 17th time in two years and issued a statement that suggested to some that this could be the last move.
Fed officials unanimously voted to raise their target for short-term interest rates, which influence borrowing costs across the economy, a quarter percentage point to 5.25%, highest level in 5-1/2 years.
Along with this interest rate comes elevated energy prices, and massive gains in the DOW they gained 127 points this morning, and this has been happening for quite some time now. So the economy is pretty bitchin' right now... The thing is it's going to inflate itself too much which is what the Fed is worrying about right now. So we go back to the problem with you the people and inflation. That of course is the rising cost of good and the non-existent raise in your wages, which as we know is never going to happen.
Your going to be seeing alot of price jumps here and there as this inflation occurs, the problem is with those interest rates and those price jumps how can you afford anything? It's not as if your wages increase with the inflation, not to mention many of you probably have kids going off to college, and you thought you were going to be in debt before? So what the interest rate hikes and the price elevation is going to do is begin to eliminate the middle class. You're going to see an increase in unemployment, which leads to an increase in government assistance, then comes Mr. Taxman at your door.
In all honesty a little inflation is good as long as it keeps up with our money supply, but as you can see we do a horrible job at regulating money supply. Now what needs to be done is an elimination of minimum wage and an implementation of a "price negotiating" system. Worker's and their union can set up a contract with their employer that states they work X amount of hours for X amount per hour, with a X% raise over X amount of years. Each worker would have a different contract. But with that contract you could state that the wage increase be increminted with inflation.
We could also see some tax breaks for all business, and perhaps some reworking of the Free Trade acts. All of these things would benefit the worker's and keep the middle class stable while appeasing both the upper and lower classes by offering more choices for those particular classes. We are just in dire need of a federal policy revision, we've been taking the same measures to combat recession for years, and we haven't really ailed any of our energy dependancy. As a nation we shell out far more money then what we can generate in revenue that doesn't help the deficit and we just juggle inflation and shortage every five years or so.
So would you agree we need an abolishment of minimum wage and a new program to regulate worker's wages? We need a flat tax (income)? We need simutanious tax breaks for all businesses large and small? We need a new inflation policy that doesn't just flood the market with money? We need a small revenue increase every year or so only to combat inflation? We need regulated government spending?
Of course we do but tell Washington that.
Fed officials unanimously voted to raise their target for short-term interest rates, which influence borrowing costs across the economy, a quarter percentage point to 5.25%, highest level in 5-1/2 years.
Along with this interest rate comes elevated energy prices, and massive gains in the DOW they gained 127 points this morning, and this has been happening for quite some time now. So the economy is pretty bitchin' right now... The thing is it's going to inflate itself too much which is what the Fed is worrying about right now. So we go back to the problem with you the people and inflation. That of course is the rising cost of good and the non-existent raise in your wages, which as we know is never going to happen.
Your going to be seeing alot of price jumps here and there as this inflation occurs, the problem is with those interest rates and those price jumps how can you afford anything? It's not as if your wages increase with the inflation, not to mention many of you probably have kids going off to college, and you thought you were going to be in debt before? So what the interest rate hikes and the price elevation is going to do is begin to eliminate the middle class. You're going to see an increase in unemployment, which leads to an increase in government assistance, then comes Mr. Taxman at your door.
In all honesty a little inflation is good as long as it keeps up with our money supply, but as you can see we do a horrible job at regulating money supply. Now what needs to be done is an elimination of minimum wage and an implementation of a "price negotiating" system. Worker's and their union can set up a contract with their employer that states they work X amount of hours for X amount per hour, with a X% raise over X amount of years. Each worker would have a different contract. But with that contract you could state that the wage increase be increminted with inflation.
We could also see some tax breaks for all business, and perhaps some reworking of the Free Trade acts. All of these things would benefit the worker's and keep the middle class stable while appeasing both the upper and lower classes by offering more choices for those particular classes. We are just in dire need of a federal policy revision, we've been taking the same measures to combat recession for years, and we haven't really ailed any of our energy dependancy. As a nation we shell out far more money then what we can generate in revenue that doesn't help the deficit and we just juggle inflation and shortage every five years or so.
So would you agree we need an abolishment of minimum wage and a new program to regulate worker's wages? We need a flat tax (income)? We need simutanious tax breaks for all businesses large and small? We need a new inflation policy that doesn't just flood the market with money? We need a small revenue increase every year or so only to combat inflation? We need regulated government spending?
Of course we do but tell Washington that.
posted by James Nease at 2:58 PM
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