The Economy “Rigging” That Impacts Americans…

I apologize in advance for my shortcomings in trying to de-wonk multinational economics and the financial constructs that impact, at the core, the U.S. worker and consumer.  It’s a big issue to tackle in digestible portions.  However, that said some inflationary statistics are presenting an opportunity for expanded discussion.

Reuters has an article out today highlighting inflationary data as released by the Bureau of Labor Statistics (BLS) [DATA HERE]. The overall summary is the Consumer Price Index is stable or flat reflecting low inflation on measured goods; however, that’s not the part that bears emphasis.   Instead I would direct attention to this:

The Fed’s preferred inflation measure, the core PCE price index excluding food and energy, increased 1.8 percent year-on-year in October, the smallest gain since February, after rising 1.9 percent the prior month. It hit the U.S. central bank’s 2 percent target in March for the first time since April 2012.

At the heart of the controlled monetary system; at the epicenter of the multinational global control mechanisms; inside the offices of the global economic elites; there is a system of financial manipulation with tentacles that reach into your pocket.  This system seems hard to understand, but it is critical to do so… so we need to try and understand it.

Background: If you go back to when CTH first began discussing Trump’s MAGAnomic outlook and actual plans for policy, you might remember our discussion about the New Dimension inside our American economy [SEE HERE].  Specifically, one of the key indicators in the disconnect of Main Street and Wall Street is “inflation“.

Inflation has been used by the Federal Reserve as the primary trigger for their monetary control policy; but it is important to understand this is by specific design.

If  “monetary policy“, specifically interest rates, are primarily driven by inflationary measures; and if global financial elites need to use U.S. monetary policy to finance their endeavors (they do); then those same officials need to control what goes into the measures for inflation. This is a critical aspect to economic control.

Wall Street, writ large, supports corporate global expansion without appropriate regard to the downstream consequences to U.S. workers and Americans.   Low interest rates are a critical component of global financial expansion undertaken by these massive multinational corporations.  In essence, globalists need cheap money to spend on creating controlled markets for cheap durable goods.

Higher interest rates means savers benefit and borrowers do not.  Low interest rates means borrowers benefit and savers do not.  This is a simple truism.  However, there’s another dynamic.

Higher interest rates means less capacity for multinational corporations to utilize cheap money to expand their global enterprises.  Low interest rates means more easily attainable money; and that finances larger corporate expansion.

Wall Street thrives on low interest rates.  The global economic system, which included the International Monetary Fund (IMF) and World Bank, is a benefactor of Wall Street.  As a consequence, the global economic system is also dependent on low interest rates.

Remember, there had to be a point where the influence of Wall Street exceeded the influence of Main Street.   The U.S. federal reserve could not justify lower interest rates (punishing savers) if inflation and U.S. economic growth was stable.  If price inflation is low, the Fed could not justify raising interest rates.   So the measures of inflation were adjusted to remove the highly consumable sector (food, fuel, energy).

As an intended consequence food, fuel and energy prices could skyrocket and the inflation index would *appear* artificially low because those sectors were no longer part of the equation.  This false inflation index permits low interest rates that benefit Wall Street.

With the lower interest rates (Wall Street supported), the multinationals could then begin the process of using cheap-to-borrow money, investing overseas in the process of cheap durable goods.  This became a self-fulfilling prophecy.

Outsourcing American jobs meant cheaper goods; those cheaper durable goods were quantified in the feds measure of inflation; the prices of those goods were deflationary (getting cheaper); the U.S. economy was shrinking but the justification for lower interest rates (cheap money that benefited the global expansion) remained.

Conversely those same Wall Street multinationals expanded their control market influence into highly consumable goods (U.S. food) and began merging.   No longer only influenced by domestic supply and demand, the prices of U.S. food, along with fuel and energy, skyrocketed…. but remember, the fed no longer used those prices in their monetary policy decision-making.

This was how the system was rigged.

Inside this rigged system we all lived through the results: U.S. workers were being screwed; manufacturing of durable goods was shipped off-shore; jobs were lost; wages were held down by low job growth; and to make matters worse – the prices for food, fuel, and energy were skyrocketing.

The U.S. middle class was essentially squeezed by the cheap money policy that was benefiting the multinationals.   Can you see what was happening?  This was all by design.  It wasn’t necessarily purposefully intended to hurt you, me, us, per se; we are the proles.  The goal was to gain money and power… we, you, me, us, were just collateral damage.

Now, here comes Trump.

Trump walks in with a plan to reverse that process through MAGAnomic policy.  Wall Street is no longer driving the political policy of the President; Main Street is.

But here’s where the rigged system is stealthy and sneaky.

After a year of Trump putting pressure on the multinational control mechanisms through U.S. regulatory, economic and trade policy, ie. his leverage; the prices for highly consumable goods begins falling.  Domestic supply and demand becomes a bigger influence; food, fuel and energy prices start slowly dropping; but remember, those sectors are not being quantified for inflation measures as used by the Fed via monetary policy.  This is by design.

Conversely, and absolutely intentionally, there is slight upward price pressure on durable goods because Trump is confronting the controlled global system of  cheap-good manufacturing.

As we navigate in the space between a de-emphasized Wall Street economy and a re-emphasized -and more balanced- Main Street economy, the prices on durable manufactured goods will begin to rise; and over-time the domestic production of those goods will return as the total cost of production (including shipping costs) are re-estimated and equalized.

The sneaky Fed, those financial agents who set up the rigged system, are no longer measuring the prices of stuff going down; they are only measuring the prices of the stuff that will naturally go up.  Durable goods prices rise, the fed quantifies increased inflation, and the Fed raises interest rates – this can stall domestic growth.

The rigging is designed that way.

This is what’s happening now.

Now you might say that Wall Street doesn’t like that…. and in part you are correct… check the markets… however, there’s a bigger aspect that Wall Street dislikes more… the elimination of their rigged global system is a bigger threat.  So in the long-term Wall Street is betting against the U.S. Main Street economy in an effort to go back to their preferred multinational system. [ie. cheap money, cheap goods, U.S. service-driven economy]

The system is currently rigged with a favorable lean toward the multinationals.

This is structurally Wall Street -vs- Main Street and President Trump constantly telling the Fed to stop messing with the economy.  MAGAnomics is the reestablishment of an economic system that naturally balances itself over time; it does not need intervention.

This entry was posted in Big Government, Big Stupid Government, China, Decepticons, Deep State, Donald Trump, Economy, European Union, India, media bias, NAFTA, President Trump, Uncategorized, US dept of agriculture, US Treasury, USA, USMCA. Bookmark the permalink.

120 Responses to The Economy “Rigging” That Impacts Americans…

  1. Bummer_Man says:

    I think you make some good points, yet would reiterate that inflation is seriously baked into this cake already. We have had absurdly low interest rates forever, and will soon be paying the piper with good cause. Far too many of us live off debt as a lifestyle choice.

    Liked by 6 people

    • vikingmom says:

      Which is why, back when I was in banking, we were always trained to show the customer the monthly payment, rather than the overall amount the item was going to cost them, including the interest rate, by the time they were done paying off the loan.

      “You can get the car of your dreams for only $350 per month” sounds way better than saying “You will end up paying almost $5000 in interest over the course of the loan, and most of it is frontloaded, so by the time you’re actually paying on the principal, the car will be worth less than what you will still owe.”

      Liked by 20 people

      • Bill says:

        This 100%. Getting people to think in terms of what they can budget vs what they’re actually paying is large sales 101. Otherwise smart folks fall for this crap all the time.

        Liked by 10 people

      • Dennis Leonard says:

        Sounds to me like you were are car salesperson,banks do not show anything,all is done at dealership.Of course you might have worked at a bank that sold cars..

        Liked by 1 person

        • vikingmom says:

          Your comment makes no sense at all. Not sure why you would say I must have been a car salesperson…if it was an attempt at humor, it didn’t work and if it was intended as an insult, that reflects poorly on you, not me.

          I spent over 15 years in banking – consumer, commercial, personal, etc. Banks are required by law to go over every aspect of a loan at the time of signing, including the interest rate and the total amount that will be paid by the end of the term. But we were trained to emphasize the monthly payment because that was easier for people to understand.

          I actually got into trouble because I would explain different ways to lower the total costs (i.e. extra principal payments early on). I even talked people out of loans on a couple of occasions because they really couldn’t afford them and they came in later and thanked me.

          Liked by 3 people

      • Paqul Killinger says:

        A = Simple interest auto financing, which is widely available.

        Liked by 2 people

      • Mo says:

        Ah yes sir now just one more step and we’ll have You driving out in Your new wheels. Let Me take you to meet with the Finance manager for a quick chat and i’ll go gas your car up for free for you while You sign for six years.

        Liked by 1 person

    • Orville R. Bacher says:

      You are far too kind. The Central Banking System, a legal monopoly created by politicians, is designed to pluck from the politically weak and give to the politically strong. In fact, it is the original rot that is destroying the nation.

      Liked by 8 people

    • keith says:

      A simple way to measure inflation is the GDP divided by the deficit spending for the year. That measures the excess valueless dollars printed and injected into the economy by the FEDs to buy votes that are now chasing the same goods and services that we chase after with our hard earned dollars.

      Liked by 2 people

  2. Monticello says:

    Never made logical to me why interest rates have remained so low so long.

    Free market my Aunt Rosemary’s raspberries!

    Liked by 9 people

    • starfcker says:

      Monticello, it’s easy. If you can print a trillion dollars a year, and lend it to the banks at 0%, they can buy everything. EVERYTHING

      Liked by 5 people

      • Orygun says:

        That is what the Weimar Republic did in the first world war and at some point that money that is printed without wealth to actually back it comes home to roost. I have watched this farce go on for half a century and if it wasn’t for the dollar being global currency we would have been buried in inflation. This printing worthless money destroys global economies that don’t have the enormous resources we have.
        Until we can out grow the inflation we are going to have to buckle up. Staples in this country were almost given away and now a pound of dried beans is over a dollar. Watch a movie from the fifties and look at the prices. Inflation is about 400% or better.

        Liked by 2 people

  3. Trump's Hammer says:

    We’ve had negative real rates for nearly a decade now. Disastrous economy is coming no matter what anyone does or doesn’t do. The sooner the better, as it will give Trump more political capital to fix the underlying problems (that have been allowed to fester for decades now).

    Liked by 2 people

  4. TreeClimber says:

    Explained it clearly enough I could understand it. Thank you.

    Liked by 15 people

  5. Oldskool says:

    Amazing the populace has not figured out by now that there is NO government agency statistic to be believed. And to think the investment industry wonks waste considerable energy extrapolating investment direction conclusions from flawed data is even more incredible unless you are aware that their job is to motivate “the public” to be the buy side for the crap they are selling. That’s a whole topic by itself.

    Liked by 9 people

    • mr.piddles says:

      “there is NO government agency statistic to be believed”

      Because the government doesn’t exist in a vacuum. But it’s easy to look at this ginormous monolith sitting there and think that it does.

      Liked by 3 people

  6. starfcker says:

    No need to apologize. Your explanations are about as simple as the subject can bear. I use my 81 year-old mother as an example of a person who started the process a couple years ago fairly macro-economically illiterate. Through the examples and articles that I have sent her, which included many of yours, she gets the whole thing now. Each one teach one. And you are teaching way more than your share. Nice work.

    Liked by 14 people

    • Star – you are absolutely right about each one of us needs to teach one! Why stop at one though? If we can all take a goal of educating/converting 10 before 2020, President Trump was win in a landslide!

      Ok Treepers, will you help me make it happen?

      Liked by 3 people

      • Mongoose says:

        Depends on the level of “insanity” the one being taught has experienced. You can take the horse to water but you can’t make them drink. And my experience, although I don’t give up easily, is many times, they don’t even want to be led to the water. Pity.

        Liked by 4 people

  7. fleporeblog says:

    They can play all the games they want but at the end of the day, they CAN’T stop the Economic Train! The head of the IMF had to admit something that the majority of Economists said is not going to happen. She stated that they project our annual real GDP rate to be 3.7 percent in 2019. The Economists and talking heads on TV and radio are predicting 1.7 percent and us being in a recession by the end of 2019.

    The TRUTH is that Germany, France and the European Union as well as Canada will be in a full blown recession in 2019. Their economies were built on our money being distributed. They never imagined our President stopping that in less than 2 years. They were not able to prepare for it.

    We will be growing while they will be drowning with no way out. There is absolutely nothing they can do. Their Golden child is about to be taken to the cleaner. China only has one of two choices. Either take his medicine and swallow it or have our LION and his KILLERS destroy their economy and their Utopian dreams!

    Liked by 27 people

    • swampratterrier says:

      No weapon formed against you shall prosper.

      Liked by 3 people

    • mr.piddles says:

      “Their economies were built on our money being distributed.”

      I know! It’s crazy!!!!! I mean… uh… Plan B here, fellas? Bueller? Bueller?

      Liked by 4 people

    • Citizen Owner, USA says:

      There is another real possibility…war.

      The question then is, can they afford to wage it.

      Liked by 5 people

      • The question should be, are they sane enough to change their ways enough to avoid war. The decision to “go all the way” will not be made rationally; the Democrats are already, since Obama/Soetoro, the Insane Left. Real war has always been the far most likely outcome, since then. For the most obviously racist, and lawless-minded, Blacks on the streets, it has been real war, just guerilla, and far-from-civil disobedience.

        Liked by 2 people

    • MVW says:

      Federal reserve bailed out Socialist Europe’s sovereign debt accrued from failed Socialism (while we subsidized their defense)… Oh! lookie, how wonderful European Socialism is… says Bernie. This is on top of trade.

      Time to cut the umbilical cord.

      Liked by 6 people

    • oncefired says:

      The FED is responsible for all recessions/depressions and SD is right in the way they move commodities around to measure their inflation goals. They are now going to just keep raising interest rates in a quest to create a recession before the 2020 elections. It is baked in, anybody awake can see them doing it. Anybody who calls them out are called kooks and marginalized as conspiracy theorists. Interest rates would find equilibrium on their own through the free market (which isn’t free anymore). During the Hussein regime the FED kept rates at basically zero, so Multinationals took free money and not only consolidated their positions, but also used it to buyback stock, less shares circulating makes the books look good and Wall Street rises. I could rave on about how bad the FED is and will tell you they are an enemy of PDT. Treepers should do their research on the truth about the FED, very important! Ron Paul was not a kook and was right about everything he said, he was just not effective with his communicating skills! SD is right that is is so complicated that your eyes glaze over when you start looking into it all!

      Liked by 6 people

  8. Right to reply says:

    Thankfully a dozen eggs are just 75 cents at Aldi! And points taken. Thank you

    Liked by 5 people

    • FofBW says:

      A German global company

      Liked by 2 people

      • kea says:

        One of the few Germany companies to make it in the USA. And yes they are a very private family.

        They keep costs low. ie you get your cart, you bag, the people working there have to do everything.

        So yes I buy my eggs at Aldi. 75 cents.

        FYI who do you think owns Trader Joes.

        Liked by 7 people

        • Janie M. says:

          Kea, it is my understanding, one of the two brothers who founded Aldi’s, created Trader Joes. Earlier in the year, Aldi was charging $.48 for a dozen of eggs (price has increased over the past months) and a gallon of milk cost $.98 (still does). As a result of Aldi’s low cost milk/eggs, Walmart also lowered their milk and egg prices. I purchased milk @ Walmart last weekend and paid $.98 a gallon. I try to do a lot of my shopping at Aldi but it lacks the variety for some foods (Asian) I need to purchase.

          Liked by 8 people

          • highdezertgator says:

            Trader Joe’s is an American chain of grocery stores based in Monrovia, California. … The first Trader Joe’s store was opened by founder Joe Coulombe in 1967 in Pasadena, California. Starting in 1979, it was owned by German entrepreneur Theo Albrecht, until his death in 2010, when ownership passed to his heirs.

            Liked by 5 people

            • Janie M. says:

              Theo was one of the brothers who started Aldi. His brother Karl was his partner until they split it up. I’ve never shopped at Trader Joes as there isn’t one in my small town (pop. 42k). There was one in my prior city but wasn’t worth the drive to me.

              Liked by 2 people

            • Michael K says:

              I knew the family that started Trader Joe’s as “Pronto Market” on Mission Road. The family originally lived in an apartment above the market but later, after things were going well, they used to rent the apartment to an OBGYN resident at LA County. That arrangement went on for years back in the 60s. I don’t know the story of how it began.

              Liked by 3 people

          • lemmus1 says:

            …yeah, they don’t stock the variety you find at Walmart or Costco …and I buy my Thai food at an Asian market …but I shop Aldi’s first for everything I can get there due to high quality and low price first …then get the rest at stops on the way back …well worth the time and gas

            Liked by 6 people

            • Janie M. says:

              lemmus, no costco here. The best Asian market (Super H Mart) for me was in my prior city and it’s about 45 mins away. The huge building it is in used to be a Dominick’s grocery store, a longstanding chain, which closed down in the 90’s ☹️, I believe. Most of the Asian food products I am looking for are Japanese brands (imported from Japan). Walmart and Jewel (a chain) sells small jars of kimchi (Korean) here so that keeps me happy. The produce at that Asian market is always fresh and cheap but not worth a 1 1/2 hr. drive.

              Liked by 2 people

          • michaelh says:

            I love me ALDI eggs. They moved into North Texas in 2010 and have been doing very well. Walmart opened a bunch of Neighborhood Markets in the area to compete, and they seem to be doing well. Recently ALDI remodeled the North Texas stores to make them have a more dark wood organic feel with loads of LED lighting tracks. To me this was wasteful but I get the feeling they are trying to shake some of the discount image as they sell more products that appeal to organic and gluten free consumers. ALDI does not have the variety or selection of the other stores, but there are many products I only buy at ALDI. Their sauerkraut and red cabbage are cheap but taste much better than what I can at other stores. For that matter there are some products I can only get at ALDI and tend to stock up on them when they are available. But the eggs are cheap enough we can buy extra and hard boil them – easy and inexpensive source of protein to add at breakfast, lunch sacks, or as a snack. I love them in tuna salad.

            Liked by 4 people

            • lemmus1 says:

              …Aldi eggs …my wife used two dozen to make Scotch eggs as a side for our family Thanksgiving dinner …served with thai jasmine rice …the only thing we didn’t have leftovers on

              Liked by 3 people

            • Janie M. says:

              michael, it is my understanding from an article I read months ago, Aldi has plans to remodel all of its stores to make them look more upscale. I shop for the prices, not the ambiance, so we shall see. One other thing I like about Aldi is their other merchandise – household items, clothing, etc. Right before Thanksgiving up picked 2 nice stoneware baking dishes at good prices. I also like when they bring in their German food products (some are only seasonal specials). Their vacuum sealed, thinly sliced pumpernickel flat bread one of my favorites, great with cream cheese or their Braunschweiger.

              Liked by 4 people

        • FofBW says:

          taking advantage of fair grocery cost is a wise decision Kea. Seems kind of like the Costco model.

          Liked by 3 people

      • highdezertgator says:

        Trader Joe’s and ALDI. Owned by a German company called Albrecht Discounts, ALDI is a discount grocery chain that started in Germany in 1948. … Trader Joe’s, although it may be based in Southern California, is actually owned by Albrecht Discounts.

        Liked by 6 people

    • lemmus1 says:

      …I drive 20+ miles to our nearest Aldi’s once a month for groceries …fill in the rest as needed at the local Wal-Mart …no idea how a German company does it but they do

      Liked by 6 people

      • Bill says:

        They control their almost their entire supply chain. Only about 5% of their product comes from outside vendors. So everything they sell is high margin. Love my local Aldi. Never pass up their frozen bunker, you never know what you’ll find there.

        Liked by 4 people

  9. Donna in Oregon says:

    Maybe we should remove the Multinationals from our economic equations. Perhaps they should have a completely different borrowing rate than the average Joe/Joann.

    Call it the Multinational rate, and tariff the products they ship to the US. Force the Wall Street banks/financial industry to stop creating Debt Derivatives, Credit Derivatives and require total transparency in all Hedge Funds (complete with audits for all).

    Liked by 3 people

    • Ron Jaeger says:

      A tariff on transshipped money or goods ? I think I get it . That seems like a way to hamstring em . Hmmm , I wish I had a better grasp of this . I do think as our economy recovers guys like me will see the light about Nafta and the jobs . With a little time and sunlight I bet Yankee dawgs like me will see the other half – the food & goods cost manipulation by international monopolies etc. It is a lot to wrap my head around and I print these articles out to share with some friends . I will reread this a bunch . What an education I am getting here .
      ThankYou Sundance and the rest of the CTH and Merry Christmas .

      Liked by 3 people

  10. joebkonobi says:

    I always wondered why food, fuel and energy were excluded from inflation. Makes a lot more sense now but it still ain’t reality. So now we have a fake economy to go along with the fake news, fake elections, fake investigations, fake DOB/FBI. . . etc.. . etc. . .

    Liked by 6 people

  11. ggmppv says:

    And don’t forget – every 2% interest rate rise = $400 billion in extra annual interest on the $20 trillion debt. EVERY year. Trump has copped $400 billion additional costs every year just on the 2% they have increased so far. Another 1% would cripple the budget.

    Liked by 1 person

    • MAGADJT says:

      Not exactly, because not all the $20T debt is re-priced at the same time. Lots of long term debt out there that will remain at lower rates for a while longer. Still your point is valid in general.

      Liked by 2 people

  12. Angelle Staria says:


    People in my orb and circle know me for using that word a lot. Because of having to deal it for years and years on many levels, deep, deeper, deepest, it is one of the first general areas I attempt to discern and sniff out in any presentation and action, whether it be individual, government or business.

    Okay, so your talking about economics here, and not Economics 101. What you have so plainly and skillfully exposed here is Economics/Subterfuge 909. You use the words rigging and sneaky. Both good. Both synonymous with subterfuge.

    Much of the intent and design of the economic banking elites assumes that all of us are too stupid to discern and understand said intent and design, both of which have been a long, complex game. Unfortunately, much of the mass of sheeple don’t have a clue as they are too entrenched in and hypnotized by cultural rot. And the elites “bank” on this.

    Hence, as you say, Wall street bets against Main Street which is the very core of the buying public. But Wall Street doesn’t really give a damn about Joe the plumber and Felicia the florist as long as its globalistic banks keeps expanding. They are only concerned with their trillions of dollars, not your weekly pay check and house mortgage.

    This is where Trump comes roaring in like a lion for the Main Street people! I DO believe he cares and sincerely wants to make a difference in average peoples’ lives. His economic policy and brazen thrust clearly indicates that. His presidency is very timely and actually a blessing of Almighty God for many struggling people.

    Well written and plainly explained, Sundance. I think you will be proved right about the third dimension of economics. That was a good link to include here.

    May God bless you to keep up the good work.

    Shalom and good day.

    Liked by 14 people

  13. Ausonius says:

    Low interest rates also mean few to hardly any people SAVING money for the long-term. This conditions people to spend today, and not save for tomorrow, because saving for tomorrow actually loses money in the long term.

    And so you end up with people dependent on government hand-outs for college, health insurance, house loans, and retirement, i.e VOTE for SOCIALIST DEMS and get free stuff!

    Low interest rates also allow the markets to be casinos, fueling get-rich-quick mentalities where of course The House (i.e. globalist elites) will win more often than not.

    Check out down markets around 3:00 P.M. every day: suddenly massive amounts of buying occur among stocks people were dumping earlier. The stock prices go back…to be sold the next day for a profit. And if it has been an up day, watch how certain stocks will be dumped after 3:00 P.M.

    Liked by 7 people

    • Akindole says:

      Exactly on the first to paragraphs. That’s why everyone lines up behind the profoundly retarded AOC.

      At the end you’re (kinda) describing HFTs…& what we called “Ramp Capital” at 3:30pm in 2010ish when Helicopter Ben was in charge of what SD is talking about in the post.

      “Investment” in the market is a legacy term…it’s all machines now, and some traders here and there. And you’re right that the casino always wins unless you are real friggin nimble.

      If you want to gauge the ACTUAL state of investment $$money$$ look at the inflow and outflows in mutual funds (equity and bonds), and compare MoM/year over year changes. Trying to gauge anything by the so-called “market” will get everyone in trouble because the equity market is entirely an illusion.

      Liked by 3 people

      • Ausonius says:

        “Trying to gauge anything by the so-called “market” will get everyone in trouble because the equity market is entirely an illusion.”

        Amen! Who knows if an “honest” non-illusory market will ever be possible in America again? Barring a collapse and/or revolution, I would say…no.

        Liked by 1 person

        • mr.piddles says:

          “Who knows if an “honest” non-illusory market will ever be possible in America again?”

          I wouldn’t imagine so. But consider the following (arguably defeatist) approach: just don’t worry about it. Extract your pittance from the system as you can, enough to be comfortable today and tomorrow. Maybe that means giving William Devane a jingle… get some of that shiny stuff. Whatever. The rich will always get richer… the question is: can I get just a tiny piece of that pie too, to suit my needs? Pretty please? Any grander outlook beyond that is Uphill Battlesville, hope beyond hope. IMO.

          Liked by 3 people

  14. Leaving says:

    SD (and others),

    In a related topic, I had a question.

    If we start manufacturing more goods in the U.S., will the cost of goods go up since we have higher minimum wages than people over seas?

    Is there something I’m not aware of that would counteract that?

    Liked by 4 people

    • Maquis says:

      Rising wages for all helps. So will American made quality in as much as products will last much longer and not need to be purchased again and again as is the case with Chinese crap. Plus, MAGA pride will factor in our perspectives.

      Liked by 4 people

      • mr.piddles says:

        Well, you also need to change the Cheap Crap From China gravy train everybody’s brain is locked into. You need to be willing to spend a little more to get better quality. Otherwise you’ll just end up with Cheap Crap From The U.S.A. There wouldn’t be a reason to manufacture something that folks aren’t asking for.

        Liked by 2 people

        • highdezertgator says:

          Dollar Store… Family Dollar…. and all the La Tienda’s here in New Mexico…. aisles full of useless junk and …sugar and white flour packaged up to to “feed” the huge diabetic population here…. criminal!

          Liked by 2 people

        • Jake says:

          Guy replaced my washing machine. Told us some part was shot. Sounded like it was about to take off. He said washing machines only last about six year or so. It was more expensive to fix it than replace it….. Quality that can be repaired pays for itself…

          Liked by 4 people

          • gawntrail says:

            I was taught 4 simple things about kitchen table economics.

            1) the amount something is used and relied upon is the level of quality you should seek.

            2) buy the best you can afford.

            3) quality over quantity.

            4) you don’t ask, you don’t get.

            I miss my grandfather.

            Liked by 6 people

      • GB Bari says:

        Some of us remember a time when just about everything was made in the USA. Yes it was relatively way more expensive in terms of 2018 dollars than Chinese made crap, but middle class and blue collar Americans didn’t have nearly as much electronics or collectibles or deluxe furnishings as people do today.

        Appliances were the most expensive items and they were all repairable. TV and radio repairman made healthy living and could be found in very small town, village and throughout metropolitan area. The Maytag Repairman never sat around waiting for a call. People used and abused their appliances but the machines were built with heavy duty components that could be replaced.

        I was a Xerox technician in the early 70s. The equipment was heavy duty and highly repairable. You could replace anything inside them individually, down to a switch or a nut and a bolt, not expensive boards or modules like today.

        Furniture was a HUGE industry in the Carolinas, and was manufactured all over the country by small and medium businesses. None came from southeast Asia, unless you wanted expensive imports. And the American furniture could be fixed if it broke. Reupholstering that old furniture was once a thriving industry across all towns and villages.

        But also important was the fact that labor costs for manufacturing labor and independent repairmen wasn’t ridiculous like it is today. If you dealt with local mom ‘n pop shops, you paid very reasonable fees for repairs.

        Of course medical/health insurance costs were *not* a significant factor in shop rates. That didn’t begin until a decade or so after the government got involved with Medicare and insurance companies started figuring out how to make up what they weren’t allowed to make through Medicare.

        Liked by 6 people

    • Fannie says:

      Low energy prices make manufacturing here more competitive.

      “We often hear from so-called progressives that we must fight income inequality and move toward renewable energy, but the problem is these two goals are incompatible with each other. This is because intermittent sources of renewable energy like wind and solar make electricity more expensive, and expensive electricity hurts the blue-collar industries like manufacturing and mining, which use an enormous amount of electricity.”

      Liked by 5 people

      • michaelh says:

        There is NO logic to progressive ideology. It’s a whole voodoo of propaganda that people have believed, and it’s taken on a life of its own.

        Income inequality is a perfect example of Marxism being reheated to sound like modern economics with the “Gini Coefficient”. The model assumes a zero sum game where all economic value is fixed. The only way to have “economic justice” with “income inequality” is to ensure that everyone has the same amount. But the only way to achieve that goal is to reduce all the high incomes until they match the lowest income. Talk about a gamed system – the only “justice” is for nobody to have nuthin!

        Much more important is “Income Mobility” – the ability of people in the lowest brackets of income inequality to move to higher brackets. There is a high degree of economic dynamism in the United States (ie, not a fixed “zero sum” system) that allows the poorest of people to move over time to better economic positions. (Conversely, the richest of the rich is also highly dynamic, as the highly wealthy rarely stay in the highest economic brackets for more than a few years.) This is critical because “income mobility” is what allows for people to have different and positive economic outcomes, where focusing on “income inequality” reframes economic conversations into the inherent “injustice” of having any wealth(!) at all.

        This is where the MAGA effect of the Trump economy is incredible. The prior administration lectured us about our “shared responsibility” in addressing “income inequality” and the need for “economic justice”. The result was a wrenching and squeezing out of the middle class in the United States, gutting it out, and leaving millennials locked out of the economic system. Now here comes Trump, and he’s reversing all this dogmatic rhetoric with a focus on “jobs” and “opportunities” – because the best anti-poverty tool that exists is called a J-O-B (Can I get an “AMEN”?) and having J-O-B’s where labor is in high demand and wages INCREASE!

        (Seriously – how can these people look in the mirror and live with themselves when they mutter on about how they care about the poor and “income inequality” and “economic justice” when they are keeping the poor trapped in a plantation with no economic prospects? My best guess is they are either rationally clueless about the damage they are doing and think only with their emotions, or they have psychopathic traits where they don’t care about others at all but virtue signal strictly as a means to power, having no conscience whatsoever.)

        For all the prior administrations hand-wringing and finger-wagging about income inequality, for eight years they did NOTHING that would move the needle of OUTCOMES in the positive direction. (Just the opposite, they made the problems phenomenally worse, and rewarded the richest of the rich for their support of the Democrat party!)

        In two years, Trump has done more to improve REAL OUTCOMES for the poor and middle class than the entire eight years of the prior administration. For that matter, for administration going back to at least 1988 – which means 30 years of economic policy and pretty-sounding rhetoric about helping the poor has been completely a load of BALONEY compared with just two years in setting the economic policy straight for American workers.

        In short:
        -> Trump cares about the poor and underemployed, and delivers for them.
        -> Measuring from policy decisions and outcomes, no other recent administration did.
        -> The prior administration, at best, must be regarded as incompetent and hypocritical in the extreme, as delivering positive outcomes for the poor was NEVER a policy priority.

        Liked by 4 people

        • Fannie says:

          Michael, I’ve enjoyed reading all your great comments today. If I didn’t live with a liberal who has Trump Derangement Syndrome, I wouldn’t believe it would be possible for educated and well-off adults to fall under such a delusion.

          Liked by 3 people

      • clive hoskin says:

        If you get rid of the”Subsidies”that wind and solar are payed,they will disappear in a flash.

        Liked by 2 people

    • sickconservative says:

      Isn’t that what this is all about at this point, make trade fair and we can compete.

      Liked by 2 people

    • anon in indy says:

      Leaving –
      The counteracting force to higher U.S wages is higher U.S. worker productivity. US employers can pay US workers more per hour if the US worker produces more output per hour compared to a worker in another country.

      Liked by 3 people

    • Pammipoo says:

      Cheaper shipping costs and closer proximity to raw materials.

      Liked by 3 people

      • zorrorides says:

        Pammi, … and in America we have the most and fest fuel sources. Coal, oil, natural gas, all transported to where we use it by pipeline and rail. we sell our extra fuel across the oceans at a fine profit.

        In every instance of productive economic activity it follows chemical/mechanical law:

        To begin You Always Have To BURN SOMETHING To Get Heat For Power Or Process.

        Liked by 1 person

    • highdezertgator says:

      American products made by Americans for Americans…. your family… neighbors and future generations jobs to make a reasonable living and sustain our freedom…
      the freedom of speech and expression, the freedom to worship God in our own way, and freedom from want and freedom from fear….. America the Beautiful! …MAGA PDT45

      Liked by 3 people

    • Dutchman says:

      In previous posts, SD has made it clear that the multinationals act as cartels, to own the market, say all the lemons in the world. Because they operate across many nations, they avoid or bribe their way around any countries anti-trust laws.

      They MANIPULATE supply and demand, in order to control the price, to what the populace can afford.

      So,,sell it cheap in south america, higher price in U.S. Applies to lemons, widgets, whatever.

      Eliminate that with products made and,sold in U.S., and additionally lower shipping costs.

      Labor isn’t the biggest single factor in manufactured goods. Energy, reliable supply, with stable costs, is.

      So no, if I read Sundance’s articles correctly, food costs as well as widget costs,should actually go down, primarily due to eliminating the opportunity to manipulate the price.

      Liked by 5 people

    • swampratterrier says:

      Technical innovations keeps prices lower.

      Liked by 1 person

    • michaelh says:

      “If we start manufacturing more goods in the U.S., will the cost of goods go up since we have higher minimum wages than people over seas?”

      SD addressed this before, but it bears repeating. A simple (oversimplified?) equation for cost:

      Manufacturing Cost = Labor + Raw Materials + Energy Cost

      In most manufacturing, the cost of labor is not the largest component. Energy cost is. If you think about manufacturing an automobile, there is an enormous amount of energy that is expended in its manufacture to transform raw materials into parts and assemble the system. Labor is present but relatively small component of the cost. Raw material is a small cost compared to transformation costs that require energy. Metal has to be mined, smelted, and refined, or otherwise recycled from scrap in a similar process that is energy expensive. Then it has to be formed into parts where metal is again heated and transformed. Energy is an overwhelming component to the entire supply chain equation.

      There needs to be more discussion on the manipulation of the energy markets to manipulate and distort the U.S. economy. The short version is that the “energy crisis” was a manufactured crisis affecting the import of fuel into the U.S. However there were other things at play, such as a series of environmental regulations. These were often bi-partisan actions – we all want clean air, clean water, elimination of all toxic dumping, and to sustain our biodiversity – but keep in mind that while many people wanted the positive aspects of a clean environment, others were ideologues that see human beings as separate and hostile agents from the “natural order”. Others wanted to manipulate the energy prices so they could increase U.S. manufacturing costs to the benefit of their own foreign investment schemes. The latest “carbon tax” schemes are really energy taxes, and not CO2 regulation. When the U.S. is crippled with high carbon taxes, other countries that have higher carbon thresholds (READ: China) can continue to manufacture without incurring the same cost. This is designed to lock in the manufacturing game for the benefit of the multinationals.

      Yes, they love lower labor costs too. But the energy control racket, if they were able to get it locked in, would have controlled world manufacturing and world markets. It would have meant complete control of the world’s manufacturing economy. Trillions at stake.

      This is why Trump’s energy policies are such a big deal. The increased wage cost of manufacturing in the U.S. can be completely offset by lower energy costs. In fact, driving down the energy costs in the U.S. lower than any other nation makes ALL manufacturing onshore much more attractive than anywhere else. Labor cost doesn’t even really factor into the equation at that point. So wages can begin to rise because people’s skills are needed to drive all the manufacturing equipment (no, automation does NOT mean equipment runs itself!) that costs less to operate in the U.S. due to low energy prices.

      Trump wants wages and jobs to go up. He knows labor costs are going to go up. He’s already accounted for this and set the stage to lower energy costs to offset the increase. More than offset it, actually. U.S. manufacturing stands to make a LOT of money due to the lower manufacturing cost. China does not have anywhere close to the energy resources it needs to compete with the U.S. and no amount of cheap (slave) labor can change this hard reality. That’s why China cheats by dancing with Iran for oil. China is wholly dependent on other economies for its energy. It’s also why China is in a tremendously energy vulnerable position. Any squeeze on Iran is a squeeze on China, and vice versa. They desperately need to diversify their energy supply but know that buying from the U.S. means the U.S. has even more leverage over their economy. Trump sees this vulnerability for what it is and is exploiting it. All the political left are panicked about the end of the Iran Nuclear Deal because they know the geopolitical and economic leverage constructed therein. The end of the Iran Nuclear Deal is the end of the China money gravy train as we know it. There are Trillions of Dollars at Stake.


      Liked by 6 people

    • MS Idaho says:

      I sell quality nutritional supplements, skin care and essential oils ( cheat ingredients from China are a real threat to American Manufacture. It’s hard to convince folks that quality matters – tho it is a little easier if one is dealing with health problems. Yes, as with other goods, ’tis a big problem

      Liked by 1 person

      • MS Idaho says:

        cheap ingredients, not cheat – bah

        Liked by 1 person

        • Dutchman says:

          Beg to disagree. Thats a GRATS; Generally Recognised As True, that AIN’T true, just causeceverybody says it.

          China bribed trade deals, tax rates, etc. that moved manufacturing OUT of the U.S., because they can’t compete.

          They set it up, so that all you can get, is crap from China; they drove out all competition. Its like ‘dumping’, to cause our steel mills to close down.

          If they don’t cheat, they can’t compete!

          Liked by 1 person

  15. For years now Wall Street types have pushed the ‘raise interest rates to lower inflation’ argument. What that position completely ignores – higher interest rates actually cause inflation since practically everything is highly leveraged.

    Liked by 7 people

  16. SHV says:

    The slope of the Price Change curves for Hospital/Medical and College tuition are interesting as they match the slope of the curves that document the addition of “administrative” positions in both health care and higher education. The curves for numbers of physicians and full time faculty are flat or slightly decreasing over same period of time.

    Liked by 3 people

  17. MaskOfZero says:

    I think the answer is simple–America and the world are ADDICTED to low interest rates.

    It took a long time to get this ADDICTED, so the sensible solution is to GRADUALLY increase interest rates, without killing the golden goose.

    Wall Street does not equal the Main Street economy. Program trading makes Wall Street very volatile. Wall Street is living proof that money is a coward.

    All of these companies listed in the Exchange just got a SWEET corporate tax break, and now they have the vapors?

    The article above made a very important point about how fuel and food are not included in inflation measures–it is a total crock–and it always has been. They claim these make the index to volatile, but they reflect real American’s monthly expenses–so that claim is merely elitist obfuscation.

    The Fed should go easy on interest rate increases until the trade situation with China settles down a bit. Trump is making long term decisions which may have short term pain.

    Myopic and traitorous Wall Street investors don’t see beyond the current quarter–so they are never good judges of economic policy.

    Liked by 2 people

  18. Normally Quiet Observer says:

    Simple, but an EXTREMELY HARD choice to accomplish … Abolish the Fed, and get rid of all of the “derivatives, hedge funds, and the like”. Return the stock market to what it was originally, people and companies investing in REAL Companies, and their individual performances – ONLY! Back to the basics of the real economy. The Fed is an NGO! It is NOT a department of the US Government! Yet, We The People let it control our very lives! Remove it now, and return monetary control to the US Treasury, run by those the People elect, where it was originally, and where it belongs! Stand back and watch the multi-nationals, and the “bettors on corporate failure” go to the soup lines!

    Liked by 3 people

  19. Deplorable_Infidel says:

    I have a Grainger engine driven centrifugal pump # 3P582 that was new about 10 years ago. Being the pack rat that I am, I have old catalogs to compare prices over the years. They are as follows:

    Cat # 364 Fall 1983 $604.81
    Cat # 371 Spring 1987 $721.02
    Cat # 388 1997 $911.50
    Cat #404 2013-2014 $1898

    Over the past two years, I have seen the on-line website price as high as ~$2100
    Today (16 march 2018) it is $1902

    Liked by 4 people

  20. TheLastDemocrat says:

    Rising price chart: what is rising is what is subsidized.

    Liked by 2 people

  21. Phil says:

    Also isn’t the Social Security cost of living annual price pegged to the inflation rate? This keeps the senior citizens having less money to pay for food gas and energy, the items out of the inflation rate. Benefiting Wall Street also.

    Liked by 1 person

    • Your Tour Guide says:

      The skyrocketing of gas costs is one of the major things
      that helped critically cripple the U.S. auto industry, IMO.

      I’ll cite $250 as the old cost for a low level new car loan.
      That $250 dollars that used to be laying around loose was
      ate up when the gas hit two, three, four dollars a gallon.
      What was available in your budget to finance new wheels
      went into the gas tank. So, vast numbers of people that
      were on tight budgets were removed from the new car

      Figured this one out after I paid off a second mortgage that
      I’d taken out to re reroof my home. Was looking forward to
      the extra money to pay off things, maybe look at a newer
      car. It was gone, had flew into the cost of feeding our cars.

      Liked by 1 person

  22. Uncompliant says:

    Thanks, SD. Nice understandable summary.

    Liked by 2 people

  23. Curt says:

    Great summary of what happens when interest rates fluctuate. As a student of the markets the last 30 years I have NEVER been able to understand what the FED actually expects to accomplish. They adjust rates and money supply but the reasons given never seemed quite legit. I distinctly remember in early 2008 that the FED felt the economy would be little affected by the derivatives markets and the bundling of worthless home loans into tranches. In hindsight it was obvious what the result had to be, yet everyone bought into the FED’s argument and we’re caught with their pants down. Me included. I believe Sundance’s synopsis is right on the money. We are collateral damage when the FED gets it wrong…. or even right sometimes.

    Liked by 2 people

    • Ospreyzone says:

      What you first must understand is that the Federal Reserve is neither federal nor is there any reserve. It is a banking cartel designed to enrich its members and protect them from losses and competition. It was conceptualized in utter secrecy in 1910 and sold to Congress as the only way to “protect the public.”

      I recommend you read “The Creature from Jekyll Island,” by G. Edward Griffin. Once you understand the actual objectives of the organization, its actions will seem perfectly logical.

      Liked by 1 person

      • 55praises says:

        I also recommend this book, The Creature from Jekyll Island, however I have been unable to read it thru because I get so disgusted with what it lays out: an unsavory history that was/is exploitive. Even the creation of the FED is shadowy and (to me) unethical. The FED exists for one purpose: to reward a numbered elite. Its supposed reason-for-being, to provide stability to the banks, was used as a whitewash to beguile Americans into giving it being and legitimacy.

        Liked by 1 person

  24. dbethd says:

    What is needed to eliminate the federal reserve?

    Liked by 1 person

  25. kltk1 says:

    Thank you for the breakdown. That was very good.

    Not gonna say where I heard it but it’s my understanding rising interest rates to combat “inflation” are accounted for and will be addressed in the not-to-distant future. Just sayin’.

    Liked by 2 people

  26. Another Scott says:

    Food is not included in inflation measures….that bit of info made me lose my appetite…

    Liked by 1 person

  27. Kay Sadeeya says:

    Every time a loan is produced, the Fed pulls the money out of thin air. No assets are backing the loan (0 asset-based loan). The result is the economy keeps getting infused with cheap dollars. This creates higher prices. To quote an economist; “consider if you were playing a game of Monopoly and someone found another pack of money ($500s; $100s; $50s…etc.) and said lets add this to the “game”? What do you think would happen? Boardwalk can now go for $10,000 because there is more dollars in the game. It’s the same for houses; cars; boats; etc.

    Inflation is known as the hidden tax. The money you are putting away for retirement today; will be worth less when you retire. All thanks to the banksters in the Federal Reserve Bankster Cartel who devised this great scheme known as central banking; -blessed by the government – crony capitalism.

    Liked by 2 people

    • TheLastDemocrat says:

      So, you buy an asset rather than stick money in the bank and allow them to use it to make money.

      Liked by 1 person

    • CirclinTheDrain says:

      The Austrian School of Economics (Murray Rothbard in this case) says “Inflation is always and everywhere a monetary phenomenon”, ie too much money chasing too few things. Money is being “created” by the Fed faster than productivity is rising.

      Liked by 1 person

  28. Dutchman says:

    Talk about the DISRUPTOR!
    To do a 180, on the WORLD economy, instituting a shift from a wall street driven to main street driven economy,
    is bound to cause some major disruptions.

    Like with any policy change, there will be winners and losers.

    Even after 2008, most haven’t learned the lesson, 75% of people do not have or use a budget, and are 1-2 paychecks from disaster.

    The people have been trained, well.

    Liked by 3 people

  29. ATheoK says:

    Absolutely on target, Sundance!

    But, not the whole picture.

    The focus on inflation by the Fed is because the Fed uses inflation as their influence on unemployments.

    For decades, the Fed and indeed most of the Federal Government believed the ideal unemployment rate is approximately six percent.
    Six percent unemployed ensures there is a ready pool of labor for Wall Street.
    Six percent unemployed ensure steady labor rates.

    When the prices consumers pay jumped, the Fed removed the CPI indicators from individual consumer items and onto the industrial base costs.
    i.e. CPI is not based upon the prices consumers pay, but on the costs of raw material as negotiated by Wall Street.
    Rapidly rising inflation rate problems solved!

    When Wall Street exported manufacturing wholesale, unemployment level climbed through the roof.
    Ergo, the Fed dropped interest rates to near zero. Not to control CPI or interest rates, but to control unemployment. The low interest rates were supposed to, according to existing Fed lore, increase business investment and reduce the unemployment pool.

    It did not work. Wall Street was exporting work and using the low interest rates to accelerate that export.

    Over time, unemployed Americans dropped off the roles through age of retirement or exceeding the time span limits arbitrarily applied by the Fed.
    Trump entered the picture and what passed for America’s unemployed were rapidly employed.

    But industry is still not hiring elderly unemployed as core workers. Nor are they much interested in employees who now have long records of unemployment.

    And into this dynamic, the Fed and Wall Street are panicked by record low unemployment!
    Gone are the ready pool of workers; forcing employers to pay higher rates for employees.

    So, the Fed jumped interest rates.
    Not for the American citizen, but for Wall Street.

    Making the Federal Reserve and Treasury itself agencies for the 1930s, not the 21st Century.
    Drain the swamp will eventually require that Treasury’s missions and methods are forced into modern pro citizens and consumers operation.

    Liked by 1 person

  30. pacnwbel says:

    What a fount of comprehendable information has been provided in this thread! Thank you to all who contributed their knowledge and wisdom born of experience.

    Liked by 2 people

  31. Holmes says:

    Don’t forget the US Government, states, municipalities, and other first world governments. Borrowers all (almost). Since the year 2000, US Treasury debt has quadrupled. Since the year 2005, world-wide public debt has doubled. Debt service is eating up larger and larger portions of government budgets.

    For most of the year 2000, the prime rate averaged about 9.00%. It is now 5.25%. I couldn’t predict what would happen should the prime rate increase to year 2000 levels, but it would be very, very bad. I always believed this increased public debt was the driving force behind the fake inflation numbers.

    Liked by 1 person

  32. stpaulchuck says:

    we need to get rid of the Fed and go back to the gold standard (or silver or a mix)

    Liked by 1 person

  33. NoFixedAddress says:


    The whole idea was to reduce American workers wages to the lowest in the World which at the time was basically China and SE Asia. 1970’s

    Funny how the most polluted countries in the world are Russian satraps, China and now will be Africa

    Liked by 1 person

  34. NoFixedAddress says:

    funny how ALL the folk that cannot make their own country GREAT AGAIN need to come to Western style countries!

    I reckon not many blokes could take over Honduras.

    Liked by 1 person

  35. spren says:

    Another very important factor that was detrimental to the middle class was that the artificially low-interest rates decimated defined-benefit pension plans. Fiduciaries were faced with the requirement to take on ever-increasing risk in order to keep the plans solvent. Being the responsible fiduciaries they were, they pragmatically and prudently informed their respective companies that the plans needed to be discontinued because of the unacceptable levels of risk that would be required to sustain them. Private sector defined-benefit plans are now all but extinct.

    Liked by 1 person

  36. NannyG says:

    About the slight difference between eating at home or out:
    Recently we discovered a top drawer butcher shop where we can get excellent quality/fresh, never frozen, meats poultry and fish.
    Instead of chicken or turkey we can have duck, or duck breast.
    Instead of thin steaks we can have 2 inch thick steaks.
    Veal, even osso boco (veal shanks) and giant scollops are there.

    Even tho all of this costs more than regular meats, these meals are still much cheaper than eating these same things out.
    (One duck breast meal out was $25, enough duck for 4 meals at home was $20.)
    And you get a chance to perfect your cooking abilities, too.


  37. Daniel says:

    Just a thought. I realize we aren’t going to change the language today or any time soon. But we need to stop referring to physical products as “goods.” The very origin of the word “good” as in “good morning” or “good bye” is an expression along the lines of “[may] God give you…” And “Good bye” is well understood to have meant “[may] God be with you.” Even though I’m not particularly religious, I appreciate the meaning and intent.

    I find taking that word “good” and associating it with merchandise is distasteful and waters down the important and significant original meaning. And every time you hear the words “good morning” or similar expressions, you should ALWAYS hear in your heart “God” and take it that way as a form and source of inner peace.

    It may be impossible to get rid of “goods” in the accounting sense with terms like “COGS” very deeply embedded into process, policy and procedure, but wouldn’t it be nice if we could remove “good” from matters concerning money?


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