Comments on: Lining up at Midnight at Wal-Mart to buy Food is part of the new Recovery. Banks offering Mattress Interest Rates. The Invisible Recovery Outside of Wall Street. http://www.mybudget360.com/lining-up-at-midnight-at-wal-mart-to-buy-food-is-part-of-the-new-recovery-banks-offering-mattress-interest-rates-the-invisible-recovery-outside-of-wall-street/ Investing ideas for preserving wealth in a fluctuating market. Tue, 16 Mar 2010 08:10:39 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: JP Merzetti http://www.mybudget360.com/lining-up-at-midnight-at-wal-mart-to-buy-food-is-part-of-the-new-recovery-banks-offering-mattress-interest-rates-the-invisible-recovery-outside-of-wall-street/comment-page-1/#comment-19894 JP Merzetti Fri, 12 Mar 2010 23:34:30 +0000 http://www.mybudget360.com/?p=1410#comment-19894 Maybe the fact that it's still being referred to as a great recession, and not depression points more toward the disconnect between the upper 50% and the lower 50%. The upper, although hurting, have a lot more discretionary spending that falls into superfluous categories....though many of those categories may seem essential to them - they're not. Whereas, the lower half have witnessed earnings erosion that has deeply affected the ability to cover the costs of absolute essentials. I think for the upper half, it's a recession. For the lower half, it's something more than that. We can't ever look back in history without knowing what came after the previous depression. Those conditions won't be repeated. They can't. Our resources have been squandered. And Bob - I'd love to read more on what you uncovered about JFK. Where to look? (most of the stuff I've found wallows around in the same old typical conspiracy theories...without going into a whole lot of background detail.) Maybe the fact that it’s still being referred to as a great recession, and not depression points more toward the disconnect between the upper 50% and the lower 50%.
The upper, although hurting, have a lot more discretionary spending that falls into superfluous categories….though many of those categories may seem essential to them – they’re not.

Whereas, the lower half have witnessed earnings erosion that has deeply affected the ability to cover the costs of absolute essentials.
I think for the upper half, it’s a recession. For the lower half, it’s something more than that.

We can’t ever look back in history without knowing what came after the previous depression. Those conditions won’t be repeated. They can’t. Our resources have been squandered.

And Bob – I’d love to read more on what you uncovered about JFK. Where to look? (most of the stuff I’ve found wallows around in the same old typical conspiracy theories…without going into a whole lot of background detail.)

]]> By: Mark http://www.mybudget360.com/lining-up-at-midnight-at-wal-mart-to-buy-food-is-part-of-the-new-recovery-banks-offering-mattress-interest-rates-the-invisible-recovery-outside-of-wall-street/comment-page-1/#comment-16084 Mark Tue, 17 Nov 2009 21:11:55 +0000 http://www.mybudget360.com/?p=1410#comment-16084 The fall of the dollar is really linked to the decade long unsustainable trade deficits the nation ran. One of the ways companies were able to hold wages flat (or actually have them fall in real terms) without too much class dissension was the large scale substitution of cheap imports for more expensive domestic products over the past 20 years. A strong dollar facilitated that process by making those imports even cheaper. Oh, it also destroyed the manufacturing base since it kept foreign labor comparitively cheaper as well. The fact of the matter is the monetary authorities don't have the means to sterilize the flight from dollars. Now all the pigeons are coming home to roost - and it's pretty ugly. The fall of the dollar is really linked to the decade long unsustainable trade deficits the nation ran. One of the ways companies were able to hold wages flat (or actually have them fall in real terms) without too much class dissension was the large scale substitution of cheap imports for more expensive domestic products over the past 20 years. A strong dollar facilitated that process by making those imports even cheaper. Oh, it also destroyed the manufacturing base since it kept foreign labor comparitively cheaper as well. The fact of the matter is the monetary authorities don’t have the means to sterilize the flight from dollars.

Now all the pigeons are coming home to roost – and it’s pretty ugly.

]]> By: Anon E. Mouse http://www.mybudget360.com/lining-up-at-midnight-at-wal-mart-to-buy-food-is-part-of-the-new-recovery-banks-offering-mattress-interest-rates-the-invisible-recovery-outside-of-wall-street/comment-page-1/#comment-16080 Anon E. Mouse Tue, 17 Nov 2009 18:58:22 +0000 http://www.mybudget360.com/?p=1410#comment-16080 I meant $40-$70 a week, not month. That included diapers. The cost of groceries went up like crazy between 2003 and 2007; my costs nearly doubled. I meant $40-$70 a week, not month. That included diapers. The cost of groceries went up like crazy between 2003 and 2007; my costs nearly doubled.

]]> By: Anon E. Mouse http://www.mybudget360.com/lining-up-at-midnight-at-wal-mart-to-buy-food-is-part-of-the-new-recovery-banks-offering-mattress-interest-rates-the-invisible-recovery-outside-of-wall-street/comment-page-1/#comment-16079 Anon E. Mouse Tue, 17 Nov 2009 18:56:06 +0000 http://www.mybudget360.com/?p=1410#comment-16079 Unfortunately, I happen to be on food stamps... that was after several years of living off $40-$70 a month for my food budget. Things just went downhill from there, and our main goals every month are to pay for our rent and our car payment. My husband works four jobs and goes to school full time, I have two jobs and am starting my own company as a writer. We work hard, but the money just isn't coming in yet. When my husband graduates from law school I expect things will turn around. We don't line up for groceries at the beginning of the month. Where I live, at least, it's possible to get good deals on groceries, especially if you use coupons and buy everything when it's on sale. We usually carry a balance because we try to save. Unfortunately, I happen to be on food stamps… that was after several years of living off $40-$70 a month for my food budget. Things just went downhill from there, and our main goals every month are to pay for our rent and our car payment. My husband works four jobs and goes to school full time, I have two jobs and am starting my own company as a writer. We work hard, but the money just isn’t coming in yet. When my husband graduates from law school I expect things will turn around.

We don’t line up for groceries at the beginning of the month. Where I live, at least, it’s possible to get good deals on groceries, especially if you use coupons and buy everything when it’s on sale. We usually carry a balance because we try to save.

]]> By: Doug Ward http://www.mybudget360.com/lining-up-at-midnight-at-wal-mart-to-buy-food-is-part-of-the-new-recovery-banks-offering-mattress-interest-rates-the-invisible-recovery-outside-of-wall-street/comment-page-1/#comment-16055 Doug Ward Tue, 17 Nov 2009 07:34:01 +0000 http://www.mybudget360.com/?p=1410#comment-16055 Within 18 months these will be referred to as 'the good old daze" Within 18 months these will be referred to as ‘the good old daze”

]]> By: surviveTHEtimes http://www.mybudget360.com/lining-up-at-midnight-at-wal-mart-to-buy-food-is-part-of-the-new-recovery-banks-offering-mattress-interest-rates-the-invisible-recovery-outside-of-wall-street/comment-page-1/#comment-16052 surviveTHEtimes Tue, 17 Nov 2009 06:55:44 +0000 http://www.mybudget360.com/?p=1410#comment-16052 1st - earn less = pay less taxes 2nd - own less = pay less taxes 3rd - store majority of your cash in gold/silver 4th - invest only in yourself 5th - become more self sufficient 6th - try to live a more Christ like life. If Caser wants it, let him have it! 1st – earn less = pay less taxes
2nd – own less = pay less taxes
3rd – store majority of your cash in gold/silver
4th – invest only in yourself
5th – become more self sufficient
6th – try to live a more Christ like life.

If Caser wants it, let him have it!

]]> By: J. L. Stodgel http://www.mybudget360.com/lining-up-at-midnight-at-wal-mart-to-buy-food-is-part-of-the-new-recovery-banks-offering-mattress-interest-rates-the-invisible-recovery-outside-of-wall-street/comment-page-1/#comment-16039 J. L. Stodgel Mon, 16 Nov 2009 20:49:44 +0000 http://www.mybudget360.com/?p=1410#comment-16039 With Thanksgiving quickly apporaaching I am soooo grateful that I live in a small W/Central IL community where friends, family & nieghbors look out for one another!! I would likely be in despair if I lived on the east coast or the west coast or even in Chicago. Sure everyone here knows everbody else's business, BUT, when you have troubles there will be someone there to give you a hand up. shouldn't we all try to "do unto others as we would like them to do unto us"? With Thanksgiving quickly apporaaching I am soooo grateful that I live in a small W/Central IL community where friends, family & nieghbors look out for one another!! I would likely be in despair if I lived on the east coast or the west coast or even in Chicago.

Sure everyone here knows everbody else’s business, BUT, when you have troubles there will be someone there to give you a hand up.

shouldn’t we all try to “do unto others as we would like them to do unto us”?

]]> By: Ted Greene http://www.mybudget360.com/lining-up-at-midnight-at-wal-mart-to-buy-food-is-part-of-the-new-recovery-banks-offering-mattress-interest-rates-the-invisible-recovery-outside-of-wall-street/comment-page-1/#comment-16033 Ted Greene Mon, 16 Nov 2009 18:28:52 +0000 http://www.mybudget360.com/?p=1410#comment-16033 Obamanomics, the "Change you can believe in and now feel" Obama's Marxists mentors provided the plan years ago.First collapse the U.S. economy then let it rise as the Phoenix as a Socialist-Marxist government. With the annoited one and his cronies on top of course, with all the assets of America. Of yes, in Japan Obama announced he was now "President of the Pacific"- his first promotion from "Citizen of the World". Nobels and serfs again, world wide, with Obama as emperior of course. Obamanomics, the “Change you can believe in and now feel” Obama’s Marxists mentors provided the plan years ago.First collapse the U.S. economy then let it rise as the Phoenix as a Socialist-Marxist government.
With the annoited one and his cronies on top of course, with all the assets of America. Of yes, in Japan Obama announced he was now “President of the Pacific”- his first promotion from “Citizen of the World”.
Nobels and serfs again, world wide, with Obama as emperior of course.

]]> By: Toodles http://www.mybudget360.com/lining-up-at-midnight-at-wal-mart-to-buy-food-is-part-of-the-new-recovery-banks-offering-mattress-interest-rates-the-invisible-recovery-outside-of-wall-street/comment-page-1/#comment-16032 Toodles Mon, 16 Nov 2009 17:49:10 +0000 http://www.mybudget360.com/?p=1410#comment-16032 What about investing in tangibles? Not so much gold, necessarily, but how 'bout real stuff --- like food, a good water system, fixing your house for years to come, outright buying of items to feed and clothe you in years to come....or items that you can use to "not purchase" in the coming storm?? I would like to see you address this in a future article.... What about investing in tangibles? Not so much gold, necessarily, but how ’bout real stuff — like food, a good water system, fixing your house for years to come, outright buying of items to feed and clothe you in years to come….or items that you can use to “not purchase” in the coming storm?? I would like to see you address this in a future article….

]]> By: Josh http://www.mybudget360.com/lining-up-at-midnight-at-wal-mart-to-buy-food-is-part-of-the-new-recovery-banks-offering-mattress-interest-rates-the-invisible-recovery-outside-of-wall-street/comment-page-1/#comment-16014 Josh Mon, 16 Nov 2009 04:22:55 +0000 http://www.mybudget360.com/?p=1410#comment-16014 Go on to google video and watch these videos to learn what is going on with our monetary system: Money as Debt. Fall of the Republic. Freedom to Fascism. Zeitgeist: Addendum Go on to google video and watch these videos to learn what is going on with our monetary system: Money as Debt. Fall of the Republic. Freedom to Fascism. Zeitgeist: Addendum

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