[Aces4]

Originally Posted by jimjamuser

The problem is that we have not seen an INCREASE in the standard of living since about 1970. Most people today feel they are not as well off as their parents - and their children will be LESS well off than they are. Outsourcing to AVOID labor unions began this problem about 1970. Many people believe that unions are a PROBLEM. They have been mesmerized into believing this, but it is NOT true.

That's a bunch of bahooey. Look at all the garbage, uh.. make that "stuff", people have now compared to those of us living in 1970. The cell phones, computers, sleek cars and big trucks, tvs and their service providers, expensive tennis shoes, tattoos, concerts, stylized t-shirts, college educations, manicures, pedicures, hair processes, piercings, dining out and so much more. If you can show me those who live now like we did in 1970, then we're comparing apples to apples.

[Pugchief]

Originally Posted by vintageogauge

He's referring to the farmer that met the love of his life online only to be taken for a financial ride and then dumped. He ended up broke, lonely, and then did the deed.

Well then, we can certainly infer from this isolated anecdote that farmerS everywhere are offing themselves.

[jimjamuser]

Originally Posted by Ptmcbriz

Compounding the inflation are the tariffs. I recently bought a E-bike from Germany. When the time came for DHL to deliver it, I got an email from our lovely government (and confirmation from DHL) that I had to pay a $1800 import fee (aka tariff) before they could release it for delivery. The tariffs are skyrocketing prices for citizens. This is crazy on top of our high expense of interest rates. If the whole idea is to get US citizens to stop buying things, these tariffs will definitely do it. Unfortunately, that means many businesses going out of business as a result.

I agree. Small farmers are already going out of business.......and killing themselves!

[Aces4]

Originally Posted by jimjamuser

Shoes and other clothing prices are ALREADY up and rising. Parents facing higher back-to-school prices will be VERY UNHAPPY campers!

Why? We now have charity services for everyone. Get in line and get your free bookbag filled with supplies. And come fall, there will be a clothing drive for thousands of new or barely used jackets, gloves and hats. It's a joke at this point and we have many who won't do for themselves. That is what should make you unhappy, capable people learning not to work. Do some need those services? Absolutely, but my guess would be 80% of them do not.

[Aces4]

Originally Posted by jimjamuser

I agree. Small farmers are already going out of business.......and killing themselves!

In which country? I know more small farmers than you'll ever know and they're not going anywhere, life is good.

[jimjamuser]

Originally Posted by Aces4

Baloney, where are the stats showing small farmers are going broke and committing suicide?

I knew that I would be asked that. I erased the story after I read it - sorry. I believe that it was written by the Head of a Small Farmers Group. I just read it today, so it should be easy to find. Try Googling small farmers.

[jimjamuser]

Originally Posted by Pugchief

All I ever see on the news these days is stories about small farmers committing suicide! [/sarcasm]

Please look it up. What possible motivation would I have to lie about it?

[jimjamuser]

Originally Posted by Aces4

That's a bunch of bahooey. Look at all the garbage, uh.. make that "stuff", people have now compared to those of us living in 1970. The cell phones, computers, sleek cars and big trucks, tvs and their service providers, expensive tennis shoes, tattoos, concerts, stylized t-shirts, college educations, manicures, pedicures, hair processes, piercings, dining out and so much more. If you can show me those who live now like we did in 1970, then we're comparing apples to apples.

People are people. Each generation wants to show its '"COLORS" and be different than the past generation. Certainly there is change (and happening quicker) - long hair, short hair, beards, short dresses, and long dresses. Styles come and go. Changes and invention are happening EVER more and more quickly. Hard to keep up.

[BillyGrown]

Originally Posted by joshgun

Trump will replace Powell next year with someone who will drastically cut interest rates. Prices(inflation) will soar we will soar. We will be in a recession by 2027.

You can replace the Fed chairman, but he or she still has only one vote on the board of 12 members. The chairman or woman merely announces the vote by the Fed to either raise , maintain or lower rates. No chairman has ever gone around the wishes and votes of the Fed. They are mostly the spokesperson for the group.

Where some get their misinformation about the Fed is beyond me.

[Aces4]

Originally Posted by jimjamuser

People are people. Each generation wants to show its '"COLORS" and be different than the past generation. Certainly there is change (and happening quicker) - long hair, short hair, beards, short dresses, and long dresses. Styles come and go. Changes and invention are happening EVER more and more quickly. Hard to keep up.

We're talking about how they are spending their money vs how we had to spend ours, finances not fashion..

[Aces4]

Originally Posted by jimjamuser

I knew that I would be asked that. I erased the story after I read it - sorry. I believe that it was written by the Head of a Small Farmers Group. I just read it today, so it should be easy to find. Try Googling small farmers.

It has always been an issue. Heck, when you work hard day after day to help feed America with unpredictable circumstances such as weather, commodity prices, etc. expenses and you see some fat cat sitting in front of his computer making a killing in the market, it can be depressing. That said, it's always been an issue due to many factors. I remember years ago a wonderful, very kind, decent farmer who committed suicide in his 40's and his farm was thriving. There is an isolation and lack of social services to farmers that doesn't help with the problem. I do know the problem can't be assigned to this day in time alone.

[Retiredsteve]

Originally Posted by Pugchief

The Fed should be abolished and let the free market set rates on short term securities like it currently does on longer term ones. Government manipulation of the free market rarely works as intended.

Yet here we are 250 years later

[Bwanajim]

Originally Posted by tophcfa

The fed should not be lowering rates with the inflation we are experiencing. I don’t care what inflation numbers are being officially reported, inflation is real and badly needs to come under control. Also, the Fed needs to act as an independent agency and not bow to outside influences, lowering rates now would be a very bad look.

There should be an independent agency, but noticed they lowered interest rates three times last year when the inflation was worse.
This year , they refused to lower them at all.
If they lower them even a quarter percent housing sales will skyrocket and the economy will be better off. That's simple economics 101.

[Bwanajim]

My girlfriend bought her house here in February 2022 and paid 3% interest rate. I bought my house eight months later and my interest rate would've been 8%.!!! go ahead and tell me there's not a problem.🤷🏼*♂️🤷🏼*♂️
We did not have that kind of a crazy inflation in eight months.
So tell me why? I believe most of us know.
Fortunately I was able to pay cash for my house.

[Pugchief]

Originally Posted by jimjamuser

I knew that I would be asked that. I erased the story after I read it - sorry. I believe that it was written by the Head of a Small Farmers Group. I just read it today, so it should be easy to find. Try Googling small farmers.

Originally Posted by jimjamuser

Please look it up. What possible motivation would I have to lie about it?

You're the one who made the wild assertion, so it's on you to provide a link supporting the statement. Not our responsibility. There is a history feature in your browser if that helps.