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K Smith

K Smith
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  • Death of Capitalism Redux [View article]
    Mr. Kim,
    I find it very interesting that your original post disappeared from this forum. The same thing has happened to me on other forums when I have told the truth about our Ponzi scheme debt-fueled government, about our immoral worldwide debt based money system, and about those who profit from all of it at the expense of the ordinary person.

    I wonder how many others have had posts vanish?

    I wonder who controls these forums?

    I wonder why they are afraid of the truth?

    The truth is like water, and the internet is like those water park wave machines, pushing truth everywhere. You can attempt to divert it or slow it down, but eventually the great waters come crashing thru. Nothing will stop truth.

    "Let justice run down like waters, and righteousness as a mighty and ever-flowing stream." Amos 5:24

    K Smith
    May 13, 2011. 12:41 AM | 2 Likes Like |Link to Comment
  • The Horrendous Decline in Labor Income Over the Past 4 Decades [View article]
    Do not be fooled. This piece is a set up for a government jobs program.

    The appetite for overseas military entanglements is dropping like a rock. The cry to bring the troops home and stop astronomical military spending grows every day. More and more of America recognizes Medicare, Medicaid and Social Security for the Ponzi schemes they are. The healthcare act was the next big debt bloater, but the cry grows for its repeal.

    Those who benefit from our debt based money system are desperate. The fiat money gravy train rolls on only if they can create more and more government debt.

    Blogs and websites of all political stripe are being deluged with the plight of the unemployed. The idea of creating new debt by paying the unemployed with government money created out of thin air is being thrown against the wall to see if it will stick. This piece is part of the effort to throw it at the wall.

    It remains to be seen if America will allow it to stick or push it off the wall.

    The great irony of all this is they are not telling the whole truth about our unemployment situation. The true story is far more bleak than the official unemployment numbers would lead us to believe.

    In our nation right now, less than 1 out of every 2 working age Americans has a job. Many of those who are employed are making considerably less than they earned prior to the popping of the Fed fueled real estate bubble. Many, many highly trained, committed, willing workers between the ages of 50 and 65 will never work again.

    But as bad as it all is, more debt is not the answer. Attempting to borrow your way out of a problem caused by too much debt is fiscal insanity.
    May 10, 2011. 02:39 PM | 1 Like Like |Link to Comment
  • Congress and Media Need to Focus on Real Default Threat [View article]
    e21, you are either being dishonest or you do not understand what default means.

    Allowing the U.S. Treasury to default on its obligations because of a failure to increase the sovereign debt subject to limit would be not be a colossal blunder. Default means not making payments on what is owed when payment is due. The US owes interest on its national debt. There is plenty tax revenue flying in the door to pay the interest on what we owe on our outstanding debt.

    Failure to raise the debt limit will not result in default.

    The debt limit is a distraction. It is a vapor. It is false problem. It is meant to distract us from what is really going on, the continued propping up of our debt based money system, a system that continues to enslave us, our children, and our grandchildren.

    It looks like Ireland may get out of their debt trap and walk away from the Banksters. "Ireland's Future Depends on Breaking Free from Bailout"
    www.irishtimes.com/new...

    Irish leaders are telling the truth about how debt based money systems steal from citizens, privatizing profits and socializing losses, keeping nations in a perpetual state of debt while vacuuming the wealth from those who create wealth thru work.

    So far none of our leaders have the guts of their Irish counterparts.
    May 10, 2011. 01:59 PM | 1 Like Like |Link to Comment
  • Can Federal Reserve Print to Prosperity? [View article]
    Can you use phony baloney government created metrics to make things look better than they really are?

    Not any more.
    May 5, 2011. 04:40 PM | 2 Likes Like |Link to Comment
  • MIT's Inflation Figures Counter the Fed's [View article]
    A nationwide survey I participated in, tracking prices of groceries and gas in 48 states, reflected an annualized inflation rate of 13.9% for the 12 weeks ended February 2, 2011.
    Apr 27, 2011. 10:25 PM | 2 Likes Like |Link to Comment
  • CPI: Some Like It Hot [View article]
    As I have commented here in other posts - I participate in a national voluntary grass roots effort to track inflation where counts, at the grocery store and the gas pump. Our group consists of hundreds of people all over the country who conduct weekly price surveys. We gather retail pricing on regular gasoline, and a list of common household grocery and personal needs items you would find in a typical family grocery cart. There is no sirloin steak, organic coffee, or convenience foods.

    We began gathering data last fall. Our effort to track the price of gas, food, and family essentials for the 12 weeks ended February 2, 2011 reveals an annualized inflation rate for family essentials of 13.9%.

    Core inflation is meaningless to those who must buy the essentials for their families. When children are hungry and Cheerios are $7 a box and peanut butter is $4 a jar no one will care how cheap iPads are.
    Mar 18, 2011. 02:18 AM | 4 Likes Like |Link to Comment
  • Fed's Dudley Hints iPad Deflation Trumps Food Inflation - No Tightening Seen Soon [View article]
    I participate in a national voluntary grass roots effort to track inflation where counts - at the grocery store and the gas pump. Our group consists of hundreds of people all over the country who conduct weekly price surveys. We gather retail pricing on regular gasoline, and a list of common household grocery and personal needs items you would find in a typical family grocery cart. There is no Kobe beef, organic coffee, or convenience foods.

    We began gathering data last fall. Our effort to track the price of gas, food, and family essentials for the 12 weeks ended February 2, 2011 reveals an annualized inflation rate for family essentials of 13.9%.

    Core inflation is meaningless to those who must buy the essentials for their families. When children are hungry and Cheerios are $7 a box and peanut butter is $4 a jar no one will care how cheap iPads are.
    Mar 14, 2011. 12:01 AM | 4 Likes Like |Link to Comment
  • PIMCO Dumps U.S. Bonds: Should We Be Alarmed? [View article]
    In a speech this week Atlanta Fed President Dennis Lockhart, said - "My first inclination is to be very cautious about extending asset purchases after June. Given the emergence of new risks, however, I prefer a posture of flexibility as regards policy options."

    Translation - "The Fed will kick in the afterburners and QE 3 will begin in June."

    The inflation just over the horizon will make the Carter years look like a walk in the park.
    Mar 11, 2011. 06:12 AM | 3 Likes Like |Link to Comment
  • New Jobless Claims Fall: Optimism Warranted? [View article]
    The sins of the past? There are still many, many egregious sins being committed today, sins we continue to pay for now, sins our children and grandchildren will be paying for for generations to come.

    Less than 1 out of every 2 working age Americans has a job. The price of family essentials has increased at an annualized rate of 12.4% for the 8 weeks ended January 5, 2011. Food and gas will continue to climb steadily over the next year. Those who are getting tired of waiting and hoping may wish to find something to occupy themselves. There will be many, many more months of waiting and hoping.
    Feb 11, 2011. 06:29 PM | Likes Like |Link to Comment
  • The Cause and Evidence of Inflation [View article]
    I participate in a national effort to track inflation where it counts - at the grocery store and the gas pump. Those of us who buy the essentials, food to feed our families and gas for the car, know the real rate of inflation.

    So far our efforts have revealed an annualized rate of inflation of 12.4 % for the 8 weeks ended January 5, 2011.

    Buckle your chin strap. We are in for a bumpy ride.
    Feb 9, 2011. 02:14 AM | 1 Like Like |Link to Comment
  • The Inflationary Road to Perdition We're On, Part 1 [View article]
    ryanclarke, you are correct. Currency wars become trade wars. Trade wars become real wars. It remains to be seen if the American people have the stomach for a real war.

    Tomorrow at 10 AM Rep. Ron Paul will preside over the first hearing of the House Monetary Policy Subcommittee to investigate the Fed. The witnesses include Thomas DiLorenzo of Loyola College and Richard Vedder of Ohio University.

    When you shine the light of truth in a damp dark room the cockroaches scatter. It will be interesting to see how long it will take for the resignations to begin.
    Feb 9, 2011. 01:02 AM | Likes Like |Link to Comment
  • Commercial Real Estate: Good Fundamentals, Increased Default Rates - Why the Disconnect? [View article]
    Mr. Case,
    Drawing conclusions about the value of commercial real estate based on sales is like valuing all the cars in the US - including those up on blocks in back yards all over the country - based on auto sales.

    Many commercial properties in our nation are the equivalent of being up on blocks. A mall in my market has been completely shuttered. Ditto for many other retail centers.

    It is not only distressed properties that are in the danger zone. State governments are monkeying with their tax codes in an attempt to generate revenue to prop up decimated state budgets. Minnesota legislators recently announced they were considering eliminating sales tax exemptions on food and clothing. The folks at Mall of America were none too happy. They pointed out such a move would jeopardize its $2 billion dollar a year impact on the state's economy.

    A Fortune 500 employer in my market occupying many thousands of square feet of class A office space in multiple buildings in different areas of town recently told its staff on a Tuesday they had to pack up and move out of their offices on Friday, and be set up to work from home the following Monday. They slashed their office space usage by 80%, eliminating significant utility expense. They will not be renewing their leases on this space.

    You are creating the impression that all is rainbows and lollipops in the commercial real estate market. As someone who is experienced in this market I believe you have a responsibility to provide people with the facts.

    Mr. Case, you are playing fast and loose with the facts.

    You are misleading people.

    K Smith
    Feb 6, 2011. 03:23 AM | Likes Like |Link to Comment
  • 1.2 Million Americans Quit Seeking Work Since November 2010 [View article]
    To continue Ben Gee's and Market Guy's list -

    11. Food prices are going thru the roof. Driving to the required job interviews and the unemployment office every week to report in ate up valuable resources in gas that I am now spending on food for my family.

    12. I have health issues that make it impossible for me to do my old job, but no one will hire me for anything different because I have no experience.

    13. My family has moved in with Grandma to economize on expenses. I am overqualified for the available jobs in this town and no one will hire me.

    14. My former employer who furloughed me wants me back, but eliminated all my benefits and offered me slave level wages. The expenses associated with returning to work do not make it worthwhile.

    15. The kinds of jobs my big brother and his friends got when they graduated from high school are now all filled by people in their 30s and 40s who can't find work. No one will hire me because I am too young.

    16. I have had phone interviews for 8 different jobs. They all liked my work experience and told me I appeared to be a great fit. After more phone interviews I showed up for the face to face. When they saw how old I am they said the position had been filled or put on the back burner. No one will hire me because I am too old.

    These have all happened to people I know. Multiply this by the thousands and it is easy to see why so many have dropped out of the labor force.
    Feb 4, 2011. 03:11 PM | 8 Likes Like |Link to Comment
  • How the U.S. Government Manipulates Inflation Data [View article]
    I participate in a national effort to track inflation where it counts - at the grocery store and the gas pump. Those of us who buy food to feed our families and put gas in the car know the real rate of inflation.

    So far our efforts have revealed an annualized rate of inflation of 12.4 % for the 8 weeks ended January 5, 2011.
    Feb 1, 2011. 11:19 PM | 5 Likes Like |Link to Comment
  • If Economics Is a Science, Why Are the GDP Numbers a Total Fiction? [View article]
    And it's not all just accounting gimmicks.

    It is no secret that some of the money in Mr. Bernanke's helicopter is being used to intervene directly and prop up the stock market.

    I'm long on pitchforks and torches.
    Feb 1, 2011. 10:34 PM | 1 Like Like |Link to Comment
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