3.399 today. Geezus, this sh1t went up 20 cents in a day n a half.

Whats really driving the inflation of commodities

http://www.msnbc.msn.com/id/21134540/vp/...3#41743893

Yea I caught that I guess it was Wednesday on Ratigan's show. Anyrate, yes inevitably when you print lots and lots of money commodity prices have to rise so that the value of all the commodities available basically matches the broadest measure of money supply. And yes the Fed needs to open up its damn books. We want to keep its quasi-independence but it needs to become transparent to the people.

(02-25-2011 07:45 PM)brista21 Wrote:  Yea I caught that I guess it was Wednesday on Ratigan's show. Anyrate, yes inevitably when you print lots and lots of money commodity prices have to rise so that the value of all the commodities available basically matches the broadest measure of money supply. And yes the Fed needs to open up its damn books. We want to keep its quasi-independence but it needs to become transparent to the people.

If/when they open their books, I think you'll stand next to me screaming to get rid of the FED. Just maybe after so many years we have to get rid of a Central Bank and possibly replace it when it starts to gain too much power. I've been preaching for sometime that QE1 and QE2 was going to cause more harm than good. Next we're going to see produce, tea, and coffee become ultra expensive and that's not talking about the shipping prices that's going to make them even more expensive. Heating oil at my work is going at 3.499. How can people survive paying 3.339 at the pump, 3.499 for their heat, and more money at the grocery store. Inflationary depression here we come.

(02-25-2011 11:52 PM)animus Wrote:  

(02-25-2011 07:45 PM)brista21 Wrote:  Yea I caught that I guess it was Wednesday on Ratigan's show. Anyrate, yes inevitably when you print lots and lots of money commodity prices have to rise so that the value of all the commodities available basically matches the broadest measure of money supply. And yes the Fed needs to open up its damn books. We want to keep its quasi-independence but it needs to become transparent to the people.

If/when they open their books, I think you'll stand next to me screaming to get rid of the FED. Just maybe after so many years we have to get rid of a Central Bank and possibly replace it when it starts to gain too much power. I've been preaching for sometime that QE1 and QE2 was going to cause more harm than good. Next we're going to see produce, tea, and coffee become ultra expensive and that's not talking about the shipping prices that's going to make them even more expensive. Heating oil at my work is going at 3.499. How can people survive paying 3.339 at the pump, 3.499 for their heat, and more money at the grocery store. Inflationary depression here we come.

Unfortunately Paul Volcker isn't running the Fed these days. Volcker would have already started raising interest rates. People give credit to Reaganomics for calming the runaway 70s inflation but instead it was Volcker (who is a neo-Keynesian) that knew to raise interest rates through the roof to combat the inflation. I don't know that I'll be asking to get rid of the FED but I'm sure I'll be asking they clean house over there with a lot of people.

Its really a no win situation. They had to raise the interest rates last summer. They might have to go a little extreme and put it between 15 and 20% to fight this.

(02-26-2011 01:09 PM)animus Wrote:  Its really a no win situation. They had to raise the interest rates last summer. They might have to go a little extreme and put it between 15 and 20% to fight this.

Yup that's probably what will eventually happen. It happened in the early 80s and it worked unfortunately it does tend to create a recession.

BTW, gas prices in Northeastern NJ are now about 3.15 a gallon and in the Bronx on City Island tonight I saw them at 3.51 a gallon.

It might be too late. China is purchasing a sh1tload of gold and is planning on going on the gold standard and will claim all previous IMF contracts null and void. China and Russia are already trading oil and natural gas in the Chinese Yaun. Unfortunately its nearly game over for the dollar.

Gas in Houston at $3.18/gallon, 2/28/2011.

As for the Nuke option for energy: The French and others have bee recharging their spent fuel rods. LIke rechaching batteries. The US is slow to adapt new technologies we do not develop - special interest groups have a vested in terest in storing spent fuel rods, so we cannot try a new technology that would really answer our needs.

Additionally, the UN has a paper out that is at least 10 years old (I read it last summer) wherein Nuke plants also convert seawater to fresh, drinking water. Gee, that would make sense in, say, California, which lacks energy and water. But no, politicos MUST stop all development, kill off farming and save a little fish, rather than apply a tried and proven technology to address all the problems.

As to fuel cells, there are many heavy metals and pollutants used in their manufacture that would require massive funds to recover or store. A nasty little secret that the environmentalists don't want out. I know this as I have been peripherally involved in this issue. We had all the environmental concerns, liabilities and duties with little benefit, all due to the mandates of the Federal Government.

By the way, Wind and Solar energies are not developed to an economically feasible stage, at this point. Howwever, if Nuke plants are built, they would afford a lot of space to place mnay windmills and solar panels as no one wants to be too close to the nuke plant. Also, nuke plants could regulate the energy put on the grid by wind and solar, neither of which is consistent enough and suffer periods of ineffectiveness. Nuke plants can be adjusted continuously with little effort in comparison to wind and solar.

Drill now, use what we need. Meanwhile build the other options for future needs. It will never happen, makes sense and we know no politico (R or D or I) can accept anything that makes sense.

This morning I saw it was up to $3.19 a gallon here in Jersey.

Actually a farm of a nuclear plant with some wind and/or solar facilities around it would be a megawin for us all. The French happen to be very good at producing nuclear-based energy, I hate the fact that we're not looking to import that technology. If we're going to import far more than we export we should at least import something really great like this. Yup I agree with you on drill our own supplies while we really get behind the alternative stuff for the future. The less foreign oil we use the better. Another great thing that seems to be overlooked is all the advances in bioplastics where we're able to make plant-based plastics that require little or no petroleum. It can be recycled or in some cases even just toss it in the compost, can't beat that kinda convertibility.

(02-28-2011 12:02 PM)brista21 Wrote:  This morning I saw it was up to $3.19 a gallon here in Jersey.

Actually a farm of a nuclear plant with some wind and/or solar facilities around it would be a megawin for us all. The French happen to be very good at producing nuclear-based energy, I hate the fact that we're not looking to import that technology. If we're going to import far more than we export we should at least import something really great like this. Yup I agree with you on drill our own supplies while we really get behind the alternative stuff for the future. The less foreign oil we use the better. Another great thing that seems to be overlooked is all the advances in bioplastics where we're able to make plant-based plastics that require little or no petroleum. It can be recycled or in some cases even just toss it in the compost, can't beat that kinda convertibility.

Y'all want to be pissed off. Did y'all know that we're the 3rd largest oil producing nation in the world? SMH. Wouldn't surprise me if we're exporting this oil. So to me we should continue to drill, refine our current supply and use our own without exporting it.

I'm a fam of nuclear energy, and I'm pissed off that a country like France beat us to the punch with this tech. We're spending too much time talking w/out action.

(02-28-2011 12:11 PM)animus Wrote:  I'm a fam of nuclear energy, and I'm pissed off that a country like France beat us to the punch with this tech. We're spending too much time talking w/out action.

You'd be surprised that French engineers are actually very good. They may not design the best passenger jets (Airbus) in terms of the body of the fuselage, wings and tail themselves but they're very good at civil, nuclear, electrical and locomotive engineering and design. Speaking of France my sister gets to go there for spring break this week. She's flying out this evening in fact. Lucky her a week in Paris.

(02-28-2011 12:30 PM)brista21 Wrote:  

(02-28-2011 12:11 PM)animus Wrote:  I'm a fam of nuclear energy, and I'm pissed off that a country like France beat us to the punch with this tech. We're spending too much time talking w/out action.

You'd be surprised that French engineers are actually very good. They may not design the best passenger jets (Airbus) in terms of the body of the fuselage, wings and tail themselves but they're very good at civil, nuclear, electrical and locomotive engineering and design. Speaking of France my sister gets to go there for spring break this week. She's flying out this evening in fact. Lucky her a week in Paris.

Make sure your sister doesn't go outside of Paris. France outside of Paris is very antiAmerican esp in the north. Hope she has a blast.

I'm sure the French has very good engineers. But we had a lot of this tech back in the 60's and 70's-if not earlier.

(02-28-2011 12:49 PM)animus Wrote:  Make sure your sister doesn't go outside of Paris. France outside of Paris is very antiAmerican esp in the north. Hope she has a blast.

I've heard mixed things really unless you're outside the major cities then the Anti-American thing generally holds to be quite true. But she's only in Paris anyway. Its a thing through the school where she gets 3 credits for going. She's an art therapy major so its basically a 1 week intensive art history course during the day and they get to do whatever when not in museums and in instructional periods. When they come back some sort of report due. Not a bad way to roll if you ask me.

(02-28-2011 12:02 PM)brista21 Wrote:  This morning I saw it was up to $3.19 a gallon here in Jersey.

Actually a farm of a nuclear plant with some wind and/or solar facilities around it would be a megawin for us all. The French happen to be very good at producing nuclear-based energy, I hate the fact that we're not looking to import that technology. If we're going to import far more than we export we should at least import something really great like this. Yup I agree with you on drill our own supplies while we really get behind the alternative stuff for the future. The less foreign oil we use the better. Another great thing that seems to be overlooked is all the advances in bioplastics where we're able to make plant-based plastics that require little or no petroleum. It can be recycled or in some cases even just toss it in the compost, can't beat that kinda convertibility.

Forgot about the bio-plastics - GOOD CATCH!

Also, if we drill now, build nuke, wind and solar, guess what, the unemployment situation will be eased. And it will be done with high paying constriuction and technical jobs! Further, income taxes increase as more people working and earning higher wages! WIN-Win-Win, but alas, we cannot do this, it would solve problems and politicos cannot really solve problems. They need us to keep coming back to them for everything...

(02-28-2011 12:30 PM)brista21 Wrote:  

(02-28-2011 12:11 PM)animus Wrote:  I'm a fam of nuclear energy, and I'm pissed off that a country like France beat us to the punch with this tech. We're spending too much time talking w/out action.

You'd be surprised that French engineers are actually very good. They may not design the best passenger jets (Airbus) in terms of the body of the fuselage, wings and tail themselves but they're very good at civil, nuclear, electrical and locomotive engineering and design. Speaking of France my sister gets to go there for spring break this week. She's flying out this evening in fact. Lucky her a week in Paris.

We were briefed in the 90's that teh French had to import nuke protestors from Germany and Britain because they couldn't muster any in France!

French engineers are good in nukes. GE owns much of the technology, I believe. Besides, we have a wonderful pool of engineers and technicians from the military that trains them for defense purposes. Simply hire them on as civilians or take the Doritos approach: "[Hire] them all, we'll make (train) more."

BTW noticed on my way home from work that prices were actually 3.25 on the high end and 3.19 still on the low end.

While driving into work today I observed gas prices ranging from $3.29 -$3.39/gallon.

I really hope we can stop the price increases soon!

3.499 here in Pittsburgh.

Yea we're now in a $3.25 to $3.35 range. Rumor is it might increase again at some stations tomorrow.