since when did the government control the gas price. oh .yes since they got a president how can the interest rate and gas price affect each other . so the government makes money off the interest rate not the banks that loan the money
OK I guess. Since 1913, the president and the congress has had something to do with the interest rate. The interest rate has an effect on how we sell our treasuries that fund our debt which give us all the social security, welfare and all those other programs to keep things 'going'. When our treasuries are not returning money to those who invest in them, which not just includes China, Canada, the UK, but also pension funds and many individuals, no one buys them and the country doesn't produce the revenue to keep things going.
When the debt is out of control, those investors don't look at the US treausury as a good investment, a lot like a company with a high debt load and not making any money. The interest rate offset the debt in the past, making the risk less on the side of the investor.
The dollar is tied to the confidence of that investor. A lot of the markets, forex, stock, etc. ... are emotional markets more than logical markets - which means that if some investor in dollars is upset with the way Obama parts his hair, he sells off his investment because of the emotion attached to it. RIGHT NOW we have high unemployment, lower revenue, a lot of faltering cities and states, a problem with our border, stagflation starting to gain momentum and a bad administration AND congress so the confidence in the dollar, hence our treasuries are low and that means the value is low too.
SO because a lot of things are traded in dollars, the cost of those items are higher than they should be.
who can afford a house paid for in cash . please tell me your secret . even at 20 dollars a hour it would take 3 years to save up the money for a 100,000 house . and that is not even spending any of it on other things . and in my area any house under 100,000 is a fixer up, needs remodeled
With an overinflated housing market that still needs to adjust itself, with the greed and selfishness of people in general, the need to own a home is not as great as a want to own a home. People got greedy when they stopped considering home ownership as an investment in the future but rather just an investment. The interest rates need to be higher, these rates are at 1965 levels and the allowed loans should have a risk limit to them, not a government imposed limit but an industry imposed limit. THIS means no variable rate mortgages, no sub-prime lending and all those other lending methods that have higher risks. IF someone can't get a home on a conventional loan, they should not be looking at home ownership until they can afford it.
in the 70s farmers were making money . today they are not . the equipment ,fuel , feed prices all went up . but what they get paid for milk has not gone up . but the price of milk in the store has gone up .
so who is making the money it is not the working people it is the oil companies it is the big banks . etc .
Well I have relatives in the dairy industry and they are making 200% more money now than they did in the mid-70's. They get a contracted rate for their milk and I was told last week that rate has gone up for them. Milk has been low for a long time, we never paid more than $2 a gallon for the store bought stuff but now paying $2.75 a gallon - the farmer was getting less than a buck a gallon so they are making money. Oil companies and banks are making money but that's not because of people are not making money. In order for a bank to make money, people need to make money. A lot of what the oil companies are making is due to the price of oil and the fact that the ones making the BIG profits are the ones taking the oil out of the ground.
"Detroit" politics so that is a Free Market. and where is Kaiser and others now . the government must not off bailed them out because they couldn't control their budget . or was it the "Detroit" politics . or did the big 3 offer them 10 times the money to buy their companies . i guess that is the right way to eliminate the computation .not because they made a poorer product or couldn't budget their profit
Where are they now?
Kaiser merged with Willys and they became part of AMC which is now part of Chrysler.
Others either went out of business (Playboy is one) or was bought up/merged with other companies (Hudson).
Tucker was unique because of the showmanship of the man, not the car. The prototype car was OK, I drove a few of them but it is not what I would say a great thing to drive. IF they produced the car as it was, it would have sold like the Edsel, a popular item that quickly faded away. He p*ssed on a lot of people's legs in his past, so it all came back to haunt him.
the thing is i am a human just like you and everybody else . i need food , clothing and shelter . just like you and everybody else . so what make you are anybody else so special .
WE THE PEOPLE does not mean we the rich , we the smarter , we the best buddy's . it meant all of us . . but today it means we the rich , we the smarter , we the best buddy's.
so we the working people are to cut back on our spending . and not to have nice stuff or do stuff we like to do . so i say YES MASTER .do you want me to bow too .
Well see you miss the point completely.
When you are in debt for things you want, you are a slave to those things and the people you borrow the money from. IF you are in debt for things you need, then it is something completely different and manageable.
The problem is that people are fooled into needing things they should want and not wanting things they should need.
We are a dumb population, driven by what others want us to be and how we get there. We need to smarten up a lot if we don't want to be their slave.