Vi I agree. But you know how it is, When people are used to paying $1.50 and then within a relatively short period of time it jumps to $3.50, it has a significant impact on peoples lives.

__________________
"An unexamined life is not worth living"
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how could i forget. The king has spoken. long live the king. Unless you own this site, get used to me picking apart your mindless drivel, I realize you think you own it but you don't, so kite flying might be in your future!

Did you go to the site? Hardly "mindless drivel."

And you have NEVER picked apart anything I've posted here. That's because fact is fact. The fact is ... gasoline is cheaper now than it was in 1980 when adjusted for inflation.

So, just keep ignoring the facts and continue to tell us how the Bush, Cheney & Halliburton cabal controls the world's oil prices. We believe you Med ... honestly we do. *lol*

Vi

Lets see, In 1980 I was making 21.00 an hour and gas was 89 cents, The same job I was doing (Carpenter) now pays 8-10 bucks an hour, and gas is above 2.50 a gallon, You do the math. The facts are that real wages are not above the '80' level and the price of everything is over the top. The only class of people that have kept up with inflation are the wealthy ( in '89' I paid 98,000 for my house, was making 21.00 an hour, same job now 8-10 bucks and my house 350,000). Sounds like the workers are going backwards. I couldn't afford to buy my house now if I was starting out! If it were up to me, I'd sell out and move to central America, where I could live very comfortably on my income. Geeze, I could even get a maid to wash my shorts. LOL.

Geeze, I could even get a maid to wash my shorts. LOL.

That's a little like slave labor, isn't it? I mean, what do they make down there ... about 10 pesos a day? And why is that? Couldn't be an oppressive government type thingie, now could it?

"The only class of people that have kept up with inflation are the wealthy ( in '89' I paid 98,000 for my house, was making 21.00 an hour, same job now 8-10 bucks and my house 350,000)."

It sounds to me as though you've kept up with inflation just fine. Real estate, historically, has been one of the best, if not the very best hedge against inflation. Have you taken your real estate agent out to lunch lately? *lol*

Vi

Now one of the reasons gas was so high,,,,and also the reason ,,Now just one of them for the lowering in prices

The history of the Reuters/Jefferies CRB Index dates back to 1957, when the Commodity Research Bureau constructed an index comprised of 28 commodities that made its inaugural appearance in the 1958 CRB Commodity Year Book.

This Global CBR index,,,back in the 50s... lard was part of the index,,,funny,,,lard was a commodity,,,

Now for the last 10 years,,,the idex was geometrically fixed,,,it consist of 17 commoditys,,,all at 5.9%

thats right,,,so as oil has risen it started to increase everything else,,,but it took alot longer for the index to reflect the change in oil,,,because the index was all evened out at 5.9%

Thats why it was so strange when they said inflation is low,,,the biggest commodity used is oil,,,and it was at 5.9% of the index,,,all 17 at 5.9%


now,,,,5 weeks ago,,,,the idex changed its formula,,,,Oil is now at 24.9 %


so when oil sells everyone kept selling everything else,,,becaus oil now is at 24.9% of the idex


so oil will start a upward projection,,,could be several months

as oil got above 60 bucks a barrel,,,every little country in the world began to pump like crazy,,,and they still are,,,its short lived though


I also do not believe oil is a fossil fuel i will talk more later on it,,,there never were that many animals,,,they are pumping oil at 35.000 feet,,,does not make sense


also KBR the subsidary of Haliburton took over the laundry facilitys at a kuwait usa military base,,,before they took over,,,a french company was doing the laundry for the sum of $62.000 a month,,,KBR is getting 1.2 million a month to do our mens laundry now,,,thats just at one camp or base ,,,,,,,go figure


resinman

i was just told its at 18%,,,there website says it

but the last change,,,

ive got the data,,,there site does not reflect correct

cant find the web page that describes the deception,,,just read it last week

any ways the dollar is goona tank a little next year and bush will announce a exit stratergy,,,gold will rise and oil will stabilize around 65 after a rally

resinman

Med sez ...

"We are held hostage by the oil companies, there is no free market economy when it comes to the price of oil! We either pay the price or stay home!"

Or, we get more efficient vehicles like the hybreds that are now on the road. We can be more efficient in the way we travel. Fewer trips to the market, doubling up or car pooling, alternate forms of transportation like the bus, trains, motorcycles, motor scooters, bicycles. No reason to stay home ... and we are NOT captives of the oil companies. On the contrary, they are captives of us, the consumer. As we conserve, the supply will go up and the prices down.

Vi

"It sounds to me as though you've kept up with inflation just fine. Real estate, historically, has been one of the best, if not the very best hedge against inflation. Have you taken your real estate agent out to lunch lately?"------------```````` *lol*

Vi[/quote]I should take him for a long walk on a short pier as my son cannot afford to buy a house in So. Cal., and he makes 75-85 grand a year, Double what I made in my working life

Well again ... Realtors do not cause the price of houses to go up. Real estate is market driven. By the way, not all of California real estate is expensive. Your son makes more than enough money to buy a small home or condo as a starter. It won't be a block from the ocean in Palos Verdes or on the beach in Malibu though. Gosh, he just might have to make a sacrifice or two and buy in Palmdale, Lancaster or Riverside to get started. The commute to work would probably be the shits, but that's exactly how most people started in order to gain their first foothold into the real estate market. Again ... their ain't no free lunch.

Vi