Gold Price Chart Knowledge Base
What is the symbols for oil and gold for yahoo finance chart? USO is for oil ETF but what is the symbol for real oil price? GLD is for gold ETF but at least you move one digit you will get the real price of the gold at the moment. Basically I need symbols for gold and oil will give me the price traded at current market. Or I will be able to get history price of oil and gold.
What was the current price of gold per gram on september 7th 2010 in usa? Please i cant understand the live gold charts.. I sold my gold yesterday 14k at 17.21 a gram, but on one site it says gold per gram was around 40 and above... i did not sign any documentation other than a photograph of my gold and my signature, if i got jipped do i deal with it? or is there something i can do, i did check there site where they supposly have current gold prices, which is an image used by kitco or something like that, did they fraud me? i need to know the price as of yesterday the 7th and today, thanks what was it yesterday, and what was the price per gram for 14k?
Gold Bullion Bars: What's The Best Site To Buy Online? I would like to buy bullion gold bar for long-term investments. I'm also interested in pure gold coins and gold ingot as gold prices keep going up. I know of one site here but I'm interested in finding more sites that give some more detailed information such as historical price charts and gold / silver investment forums. Thanks for your help! http://bulliongoldbars.org/
Where would I find historical spot prices for commodities like gold and oil? I have been looking for a resource that provides spot prices of gold, oil (WTI), and other commodities but I cannot find any. Every site only seems to have a chart. The price I want is the price that is quoted newspapers and on TV; I don't need futures prices for specific months. From what I understand, spot prices are the prices quoted. I cannot even find the spot price of gold for 12/14/09. Does anyone know why it is so difficult to find this information when the historical prices for stocks are readily available?
I can't determine weather the price of gold will rise or fall for my practice spread betting account? Plz help? I am 18 and I am just learning how to spread bet with my basic understanding of technical analysis in line-dot charts and candlestick charts. I am a strong believer in the saying "the trend is your friend", and I placed a bet on the price of gold would fall based on the fact that the trend had went up all year so far and in the coming months and weeks, days, hours, minutes etc, and it took a turn at some point a few days ago and had been going down for hours during the day mostly. I bought at 1,114.5, it rose to 1,115 and I can't tell wether the price of gold is going to continue to rise or fall (hopefully fall!). What I do know however is that where it stopped trading at the end of this weeks trading, I could tell that on a candlestick chart of gold, there was a spinning top within a 2-hour timescale chart which suggests to me that there is an indicision between buyers and sellers and thats where I'm not sure of where the trend is due to head. Will it rise or fall from its current price of 1,115. Please give me a good resonable, easy to understand answer to earn maximum star best answer. P.S. Sorry its too long of question.
Blackest Wednesday? Is next week going to be +++MONUMENTAL+++? In July at the G8 summit, President Obama tried to borrow more money than Bush did in 8 years. He was told NO. The end of the 4th Financial Quarter on the 30th Sept 2009 is fore-casted to be the Blackest Wednesday in the history of Wall Street. "Sept. 30, will mark the onset of a full-scale financial crash, by no later than mid-October, once the year-end figures have been presented, and the panic sets in." "Mankind is facing a living Hell, in which world population will rapidly plunge—through disease, famine, and the chaos of regional wars—to below 2 billion people." http://www.thepeoplesvoice.org/TPV3/Voices.php/2009/07/30/the-ultimate-october-surprise Those in the know have sent the price of gold rocketing, from $250 an ounce in July 1999 to $991 today. Some experts reckon it could soon reach the price of $1500 an ounce http://www.bullionvault.com/gold-price-chart.do http://www.thisismoney.co.uk/investing/article.html?in_article_id=482981&in_page_id=166 When you print money like the US has been printing money in the last year you get hyperinflation. Back in 1980 $1 Zimbabwe was worth more than $1 US. Due to hyperinflation; $100,000,000,000,000 (100 trillion) notes were issued in Zimbabwe on 16 Jan 2009. The Zimbabwe dollar was suspended indefinitely on 12 Apr 2009. http://en.wikipedia.org/wiki/Hyperinflation Is it going to happen?
What is the most expensive religious offence (monetary), can it beat 17 years of your income? In the small village of Deshnok in North Rajastan sits the only temple in India devoted to rat worship. Every day hundreds of worshippers of the Hindu goddess Shri Karniji make the long pilgrimage to this shrine. In her temple in Deshnok, rats are found in large numbers as they are believed to be the incarnation of the goddess. (nice picture of lots of rats being feed in the temple) http://www.markroques.com/rats.htm An old Hindu tradition required any person who stepped on a rat and killed it to give the rat's weight in gold and silver to the temple or endure bad karma forever. An average adult rat weighs 290g or 10.2oz, that amount of gold currently costs $11,434.20 (53% more than only 12 months ago, who says paper money's not in trouble). http://www.bullionvault.com/gold-price-chart.do That's 17 times the annual income of an average Indian at $663.00. Can any other religious offence cost you more (monetary) than 17 year's income?
Is gold the next "bubble"? http://finance.yahoo.com/banking-budgeting/article/109645/is-gold-the-next-bubble?mod=bb-budgeting Check out the chart that compares gold prices to the tech-boom and housing prices. It's pretty eye-opening.
Did you know.... Gold debate II? Further to my previous question. It is a well known fact that in times of economic instability the gold price rises as investors put their money into the safer, harder asset of gold. If you look at the chart below, note the 1930's and 1940's, the 1970 with the Arab Israeli crisis, the high in 1980 with the recession period, the drops in the 1990 boom period and the post 9/11 record highs. Take into account also the value of currencies during the different time periods as well and I am sure you will see that the FACTS testify to the truth of the statement. The effects of the power cuts on the mines last week obviously had an effect on the gold price, but a modest one if you think that the 2005 price was already approximately $600 oz over two twice its 1999/2000 low. Gold prices since 1900 note post 2001 levels soaring http://www.gold.org/value/stats/statistics/avprices1900.html Have a look at the 2007 forecasts http://www.lbma.org.uk/publications/2007survey.pdf Alf you really are going insane, think it might be a time for a holiday. Your answer is just your same old rant and has little, or nothing, to do with the question...... Age getting to you? Darth But is the rand heading into trouble because 1. The major currencies are unstable, namely the dollar 2. We may be heading for a global recession 3. The fuel crisis in SA, obviously 4. Uncertainty about Zuma, although it didn't seem to alter much in the weeks after he was elected as ANC leader 5 A combination of all of the above 6. Something else. Remember the old economic saying.... When America sneezes.....
Economics: Gold trends.? Visit www.goldprices.com and use the chart to find the very latest price of gold. Compare that price to the price at the beginning of the day. Next, select "1 year" at the bottom of the chart. What was the highest price during the last 12 months? The lowest price? Assume the price fluctuations observed resulted exclusively from changes in demand. Would the observed price changes have been greater or less if the gold supply had been elastic rather than inelastic? Explain.
How Many Ounces of Silver or Gold Do You Own? 4.6 billion oz gold + 40 billion oz silver in world: http://silverstockreport.com/email/The_Money_Chart.html 1 oz gold + 7 oz silver per human. How many oz you own? (31 g = oz) . Most silver & gold is in super-elite bankers' vaults: http://jasonhommelforum.com/forums/showthread.php?p=1214#post1214 "One not be so sardonic to think he was only 1 to discover silver dirt cheap at $3. “wolf pack” also discovered & accumulated, _very_ quietly" http://jasonhommelforum.com/forums/showthread.php?t=226&highlight=super-elite "caused all silver & gold 2b dumped by investors to super-elite at all time low prices (super-elite control dollar printing so price was free)" http://jasonhommelforum.com/forums/showthread.php?p=944#post944 "Gold is capital 4 control (of masses) while concentrating Gold power. Promote world rule" . Gold is money, not paper: http://kitco.com/ind/Watson/may182006.html http://coolpage.com/commentary/economic/shelby/GDP%20vs.%20M3.gif http://silverstockreport.com . ================ Veritatum17, if you do not own any gold or silver, please tell us what you own instead as a store of wealth? You may edit your answer. If you own bonds, stocks, or real estate, you should understand that historically (recent & ancient) they are not an effective store of wealth. I can explain why if you let me write a book. . ============ See this for proof of the current hyperinflation (M3/debt vs. GDP/income) which explode into prices soon...$10 a gallon gas, $1000 dentist appointments, coming soon, etc...: http://answers.yahoo.com/question/index;_ylt=As1AU42A4yTjM...heCF8h_zy6IX?qid=20060801100650AA97zce . ======= Feedback to Veritatum17 updated answer: During hyperinflation bonds (including T-bills) lose value, because interest rates rise. I expect you will lose 90% of your wealth :( I was not a "gold bug" in 1999, I am internet entrepreneur/programmer (coolpage.com). My world view is based on the facts, as I have studied intensely hence. If you study, you will also learn the truth, and it will shock you. At your age, you should be piling into uranium (DinesLetter.com) and mining companies (SilverStockReport.com). You could earn 1000% in 3 years. $30,000 could become $1 million before the global collapse. Cheap farm land is a store of wealth. Prime real estate will decline because the masses will be poor as skunk. I will be able to buy a house in Los Angeles for couple ounces of gold.
Chart showing base and precious metal prices adjusted for inflation? A coworker and I were talking yesterday about the debate right now over whether the U.S. is "officially" in a recession, and the point came up that while the economy's growth has slowed, gold prices (a common barometer for inflation) are nowhere near a record high when adjusted for inflation. I've seen stories recently that have also mentioned soaring prices for base metals such as copper (hence a glut of recent news stories about copper theft), but I haven't been able to find any information on inflation-adjusted base metal prices. Anyone know of any online charts showing historical precious and base metal prices adjusted for inflation?
Ron Paul and the gold standard? I was having an argument with my crazy neighbor who is an ardent Ron Paul supporter. He was trying to get me to caucus for Ron Paul. I told him I don't like Ron Paul. Of course, we started arguing. One of the issues that came up was the gold standard. Specifically, Ron Paul wants to go back on it. Can some intelligent Ron Paul supporter tell me why going back on the gold standard would be so great given that: 1. The strength of our currency would be tied to a relatively volatile commodity? (Just look at some historical charts for the price of gold. It's all over the place.) 2. The ability to change the money supply would be taken out of our hands, thus reducing our ability to take the edge off of the business cycle (the boom/recession cycle that every country seems to go through)? 3. Gold is no more inherently valuable than US dollars? (It's just shiny rocks. If everybody decided they don't want gold anymore, it's worthless. Just like fiat currency.) Thanks!
A liberal just said Beck lied about gold and the prices are dropping. Is this true? http://www.kitco.com/market/ Gold Charts GOLD 1080.90 1099.00 If that is dropped what was high. Gold usually stays around $300.00 dollars a once. http://www.usagold.com/gold-price.html Not since 2003 you consider that so long ago. At $300.00 a ounce that is. Gold prices averaged $300 in '03, $400 in '04, $500 in '05, $600 in '06 and $700 in '07 and $800 in '08. But today many experts are forecasting $1,100-$1,250 gold prices in 2009 on their way north of $2,000/oz.
Does anyone understand the gold markets . . . .? I was reading an economic theory (of sorts) that basically said you could determine the back end of a recessionary bell curve by monitoring the price of gold . . . the supporting evidence, in part, relied on a chart witch graphed the last nine officially recognized recessions . . . basically at the beginning of the recession gold began to rise . . . peaked somewhere post middle . . . and at the end of the recession was trading within 3% of the initial price All except 1978 . . . in which gold was still trading at twice the initial rate . . . Does anyone understand why? I'm assuming the effects of the oil embargo on international relations lead to some sort of quasi-inflation on commodities . . . but I'm not sure . . . so what was so unique about 1978 that caused permanent commodity inflation. Thanks. But that doesn't explain 92 . . .92 followed the previous bell curve . . . not the 78 pattern . . .the 78 pattern was an economic model unto itself. Thanks Lisa . . . it makes sense now . . .
What is happening to Gold prices? Has anyone noticed the trend, when NYMEX opens Gold starts down. When London closes it can plunge. http://www.kitco.com/charts/livegold.html It seems to putter through the day then regain when Asian markets open. Is New York, or possibly the Day Traders, driving Gold down? Gold has been a hedge against inflation and consumer driven stocks and commodities yet since oils recovery, it's been following the trend of oil prices. The first two seeks of July it broke free and gained about $30, but it's lost that gain over the past 48 hours. Any ideas? Alvie you've hit the crux of my question. When Market confidence declines investors historically have sought refuge in Gold. Granted it's become more consumer driven than in the past but even India, who is the largest consumer has seen price rises in the face of decreased consumption following the monsoons negative impact on the agro-economy. I don't understand Sandy's comment. Firstly, since China, India and some African companies are indicating economic growth we can't really call this a global crisis. (That's another issue.) US unemployment reports will impact the US economy and countries it influences. If China, India and developing countries turn to their domestic market, the US loses it's impact. And anyone who ignores trends, as illogical as they may be, is a fool. A wise investor may even bet against the market. That's one of Buffett's recipes. But thanks for the answer
Why isn't the dollar "as good as gold"? http://online.wsj.com/article/SB119941453085566759.html?mod=googlenews_wsj There's an article in the Wall Street Journal that says if the dollar had been "as good as gold", oil would be the same price it was in 2001 - around $30 a barrel. It says the price of oil in gold stayed flat, but the price of oil in dollars increased about 350% - to about $100 a barrel (if you look at the chart). Why isn't the dollar "as good as gold"?
Where can I find online metal closing prices for the past year? Aluminum, Gold, Silver, Copper closing market prices for the past year. Not just small chart, but actual numbers. Note: That a chart that shows a fever line without actual numbers is no good. I don't neccisarily need just a chart, but really what I need is actual closing numbers for each metal from the past year.
Are there any historical options quotes/chains? The best I can do is to look at the current chain and see the move from the previous day, but that isn't good enough. Historical prices or preferably a chart would be gold. Is there anything like this out there? Thanks for your help!
how to create an Exchange Rate Chart in Excel? I'm trying to create a chart for an exchange rate between any 2 assets. You can easily see charts like this on any forex website, like a EUR/USD chart for example. But I want to create my own exchange rate, like let's say: $Lumber/$Gold, or $Cattle/$Hog. I have the 2 columns of price data for each commodity, but I don't know what to do with them! For some reason this should be really simple, but it's just not coming to me. Can someone enlighten me? Thanks
6. To lessen the effects of inflation on the economy, Rome put ______ gold in its coins in the A.D. 200s? also 6. To lessen the effects of inflation on the economy, Rome put ______ gold in its coins in the A.D. 200s. (1 point) no only less more 7. To which city did Constantine move the capital of the Roman Empire? (1 point) Sardinia Galilee Cairo Byzantium 8. Byzantine civilization was based on Roman traditions at first, but eventually was much more influenced by ________ culture. (1 point) German Greek Slavic Egyptian 9. Justinian’s wife Theodora helped give Byzantine women the right to ____________. (1 point) vote divorce rebel own land 10. Justinian’s many changes to Byzantine law became known as ____________. (1 point) Justinian’s Code Byzantine Codes Justinian’s Lexicon Theodora’s Code 11. What happened when Roman coins lost value in the A.D. 200s? (1 point) People began to barter. People collected coins. The price of goods decreased. Workers quit their jobs. Use the following chart to answer questions 12–14. 12. Who was the Roman god of the underworld? (1 point) Mars Venus Vulcan Pluto 13. Which of the following Roman gods and goddesses were husband and wife? (1 point) Mercury and Minerva Jupiter and Hera Jupiter and Juno Mars and Diana 14. What were the Greek and Roman names for the goddess of love? (1 point) Aphrodite and Juno Aphrodite and Venus Venus and Artemis Aphrodite and Diana 15. The scientist Ptolemy (1 point) invented the compass. studied biology. studied the stars and planets. dissected dead animals. 16. When Diocletian took power in A.D. 284, he (1 point) harshly put down a peasant revolt. stopped putting gold into coins. introduced reforms. fired all workers in Rome. 17. As time passed, the Byzantine Empire became (1 point) a Jewish state. less Greek and more Roman. less wealthy and prosperous. less Roman and more Greek. 18. Justinian wanted to (1 point) conquer the Byzantine Empire. enslave Africans. reunite the Roman Empire. further limit women’s rights. Use the following image to answer questions 19–21. 19. Which material was used in building the Roman roads? (1 point) gravel sand stones all of the above 20. How many layers of material were the roads made of? (1 point) two three four five 21. Which material was used to hold the top layer of stones together? (1 point) gravel concrete drainage ditches sand 22. How did Augustus pave the way for 200 years of peace and prosperity? (3 points) 23. What was life like for poor people in Rome? How did the Roman empire try to keep poor people loyal? (3 points) 24. How did the location of Constantinople help it grow wealthy and prosperous? (3 points)
Will the emanate collapse of the dollar finally shut liberals up about wanting a big gov? And if you dont think we are gambling with a dollar collapse take a look at these charts this chart shows the expansion in the monetary base http://research.stlouisfed.org/fred2/series/BASE as paper money becomes more available people demand more gold http://goldprice.org/charts/history/gold_all_data_o_usd.png the price of gold is soaring the collapse of the dollar was set forth my spell checker switched that on me :)
10 years ago when the DOW passed 10,000 for the first time, gold was at $280 and oil was at $16.44 per barrel? Now, gold is at $1059 and oil is at $74 per barrel. Does this suggest the recent 'rise' in the stock market exists only by using the devaluing dollar to price the market in, to begin with? And how can Obama spend like this: http://flutemandy.files.wordpress.com/2009/03/deficit-chart.jpg then say Friday that 'government must live within its means' yet again, while still pushing cap and trade and the health insurance cram down which will be hugely expensive? If you see this could you star it? It didn't post timely for some odd reason.
Are you watching the Gold Medal Game? look here? for those who will be drinking heres the famous Pierre Mcguire Drinking game The best drinking game of all time. If you love hockey, you will think this is probably the funniest, and best idea for a drinking game. This game is so realistic, and guarente's drunkness, after just 1 game. The Offical Pierre Mcguire Drinking game: DRINK ONE GULP OF YOUR DRINK IF PIERRE USES ANY OF THE FOLLOWING: * Dion Phaneuf * Mike Richards * Carey Price * Jonathen Toews * Monster * Whaaamo! * El- Kabong * Real Deal * Puck Poise * Big Body Presence * Active Stick * Calls a Player "Special" or " a fine young man" * Wow! * Tenacity DRINK TWO GULPS OF YOUR DRINK IF PIERRE: * Giggles at any point during the game * Pronounces a European club team using European Pronounciation * Mentions people he met in Europe * Says " Team 'X' Scouting staff did a great job finding this player" * Says Something extremeley gay (EX. Big Stick...SHOWERS....player with shirt off) * Goes nuts when a team, has two many men * WJC host city is "Beautiful" or "Filled with great people" * If a stick breaks and Pierre rambles on about one-piece sticks * Says welcome to the Show (Ex. Welcome to the Crosby Show) * Cuts off Gord Miller (Ex. WJC 2009 Eberle ties the game) * If pierre says "Time and Space" * If Pierre goes on about a players Junior Career * If Pierre says "Its Hammer Time" * Says "Sheer Larcany" HAVE 3 GULPS OF YOUR DRINK IF PIERRE: * Mentions a Staal brother who isn't playing * Mentions a Sutter brother who isn't involved in the game * Says the Game is a Classic! * says " Team X should be so exicted about havng this guy he is gonna be great for them down the road". * If Pierre says "Roof Daddy" * If Pierre goes " Thats a Double Dion" * Pierre uses his famous line "He suckin' dirty pond water" * "x" player is oozing with hockey sense." * drink if pierre uses 3 or more adjectives consecutively to describe a player or a team... Ie: "Size, athleticism, composure etc..." extra drinks if he uses terms such as "big body presence" that are already on the chart as said adjectives. CHUG A BEER IF PIERRE: * Has an Orgasm at the mic (Ex. Dustin Tokarski save WJC 2009) * If Pierre ruins the moment aka butchers the call (Ex. WJC 2009 Eberle ties the game with 5.5 seconds left.... Gord Miller: Can you Believe it!..Pierre: I can! * Says " Thats vintage X" (Ex. Thats Vintage Jake Allen) * Chug a beer if Pierre says Drew Doughty has the body type of Denis Potvin and the Hockey IQ of Raymond Borque
i want to find out how much my copper is worth but i dont understand this chart. could you help me? Metal Prices & News on the Internet 05:19:04 GMT | 01:19:04 New York | 06:19:04 London | 13:19:04 Shanghai More LME & COMEX Price Tables Below MetalPrices.com LB KG MT2 USD/LB Cash 3m 15m Aluminum .9439 .9562 1.0011 Alum Alloy .9008 .9140 .9435 NA Alloy .9412 .9525 .9956 Copper 3.1550 3.1693 3.1865 USD/MT Cash 3m 15m Aluminum 2081.0 2108.0 2207.0 Alum Alloy 1986.0 2015.0 2080.0 NA Alloy 2075.0 2100.0 2195.0 Copper 6955.5 6987.0 7025.0 USD/KG Cash 3m 15m Aluminum 2.081 2.108 2.207 Alum Alloy 1.986 2.015 2.080 NA Alloy 2.075 2.100 2.195 Copper 6.956 6.987 7.025 GBP: 0.6857 EUR: 0.8013 LME Officials 14 May 2010 USD/LB Cash 3m 15m Nickel 10.0698 10.0698 9.9564 Lead .8854 .8986 .9176 Tin 7.9606 7.9946 8.0740 Zinc .9303 .9480 .9761 USD/MT Cash 3m 15m Nickel 22200.0 22200.0 21950.0 Lead 1952.0 1981.0 2023.0 Tin 17550.0 17625.0 17800.0 Zinc 2051.0 2090.0 2152.0 USD/KG Cash 3m 15m Nickel 22.200 22.200 21.950 Lead 1.952 1.981 2.023 Tin 17.550 17.625 17.800 Zinc 2.051 2.090 2.152 JPY: 92.51 CAD: 1.0318 COMEX/NYMEX 17 May 2010 USD/LB Month Open Settle USD/Troy Oz Month Open Settle Copper May 10 3.0900 3.1230y Gold Jun 10 1234.10 1227.80y Copper Jul 10 3.1145 3.1340y Silver Jul 10 19.320 19.225y Oil/barrel Jul 10 75.51 75.43y Platinum Jun 10 1715.00 1713.40y Nat Gas/mmBTU Jun 10 4.317 4.312y Palladium Jun
Why does God keep lying to Pat Robertson? In 1980 God apparently told Pat the world would end in 1982 - it didn't http://www.abhota.info/end3.htm In 2006 God apparently told Pat that the Pacific Northwest would be devasted by a major tsunami that year - it wasn't http://seattletimes.nwsource.com/html/nationworld/2003004452_pat19.html In 2007 God apparently told Pat that there would be a massive terrorist attack resulting in "mass killings" on US soil that year - there wasn't. http://www.msnbc.msn.com/id/16442877/ In 2008 God apparently told Pat there would be a recession (like anybody couldn't predict that after 6 out of 7 quarters of negative gross private investment growth) but that the stock market wouldn't crash until 2010 - the market crashed in mid to late 2008, assumedly taking all of Robertson's wealth with it. http://www.foxnews.com/story/0,2933,319728,00.html In Jan 2009 God told Robertson that gold would hit $1900/ounce and oil $300/barrel. Gold prices promptly fell from $980 in Feb to $870 by mid April. While it has recovered - 1900/ounce is still a long way off. Oil prices fell from a 2008 average of $91.48 to a 2009 average of $53.48. http://www.inflationdata.com/inflation/Inflation_Rate/Historical_Oil_Prices_Table.asp http://www.kitco.com/charts/historicalgold.html Now this leads me to conclude that either 1. God is a very mischevious and mean spirited prankster who for some reason focusses on Robertson as his dupe 2. Robertson is actually just a paranoid schizophrenic who hears voices, but due to his only massively inflated ego thinks those voices are God speaking directly to him. Which do you think? And do you think there is any chance Robertson can get God to tell him who'll win the Superbowl next year so I know who NOT to bet on?
What do two Gap Downs in a month mean from a technical point of view? I purchased shares of GG when they Gapped Down on December 4th thinking that it was a good buying period because the charts are pointing upward. But there have been 2 Gap Downs this month. The first on Dec 4th and the second on Dec 17th. What does this mean from a technical standpoint? Is the stock heading down from here on out? Will I save myself alot of money if I dump all my Gold mining stocks? I have been dollar cost averaging this dip in Gold prices and if I hold onto it I am poised to make quite a bit of money on the deal if they do go back up.
The Long Rolling and the infaltionary State? Wrong view of the state? take a look and give your opinion? Log-Rolling. Given these two very different conceptions of the state, one favoring the welfare state and the other favoring a warfare state, why don't the visions cancel each other out? So intense is the desire of one group to have the state that it wants that it is willing to put up with another group's desire for its conception of the state. The two conceptions decide to cooperate and erect a state that purports to behave both like Solomon and like the Samaritan. That is the origin of the guns-and-butter state, or the welfare-warfare state, or the modern state as we know it, one that purports to meet every need. We see how this log-rolling works every day on Capitol Hill. One group wants more money for tanks and weaponry, and the other wants more for Medicaid and education. If both agree that politics is the art of compromise, they will put up with the other group's priorities in order that their own vision can be fulfilled. On the Right, we find that the love for the police power is more intense than the hatred of redistribution. On the Left, we find that the love of redistribution is more intense than the hatred of war and leviathan. They therefore work together to erect a massive and ever-growing executive. They are similarly unwilling to oppose the state in total. They fear that in doing so, the state as an institution will be discredited, and their conception of what the state should do along with it. Neither side particularly loves big government but both sides agree that it is better than the alternative of letting people alone. So they log-roll to support the public sector above all else, even when it means that they must sleep with their ostensible political enemies. Rationale Number Four: The Inflationary State. Now we come to the reason this system is able to perpetuate itself. And there is something of a mystery to explain here. No people anywhere will put up with a leviathan that grows and grows forever. At some point, the problem of funding state expansion will result in too much violence against property, and the people will revolt. Indeed, if the federal government had to collect all its revenue through a tax of any kind, leveled right now against the public, I submit to you that it would spark a tax revolt on a scale never before seen in modern history. Thus do we have the central bank to create money for the state. Thus do we have paper money that can be created in unlimited quantities. Thus do we have deposit insurance to make banks failure proof, so that the masses will never doubt that the credit pyramid is immortal. Thus do we have the Fed's power to manipulate interest rates and control the flow of credit to the system. An economist at Lehman Brothers sent us an interesting chart the other day. It compares the level of price increases across many Fed regimes. Under the first Fed governor Charles Hamlin, the dollar declined 8% in value. Under Thomas B. McCabe from the late forties, it declined 7.2%. Under Arthur Burns, wholly owned by Nixon, the dollar declined 42% in value. Under Volcker, Mr. Tight Money, it fell 40%. And under Greenspan, who has a reputation as a great inflation fighter, the value of the dollar in terms of goods and services fell fully 44%! Inflation serves the cause of the state by giving it room to run up debts without limit and fund its activities without making the people cough up more revenue. Indeed, that is the primary purpose of the inflationary state. People often say to me that a gold standard is impractical. In fact, that is not the case. It is very practical. It is the free-market answer. The state doesn't need to produce money any more than it needs to produce shoes or shirts or clocks. The problem is that we lack the political will to stop the inflation monster. Rationale Number Five: The Propaganda State. In every society control of educational institutions increases in tandem with the rise of the state. This is because the state needs these institutions to inculcate the civic religion of loving the public enterprise, and also because the less people know about the idea of liberty the more the state is provided the room to grow. Consider the Department of Education. Ever since its creation, every Republican administration has come to power with an intention to abolish it. But once they get in power, they find that bureaucracy has its uses. Instead of cutting or abolishing it, they increase the agency and give it more to do. The more the state does, the more the state sees the need to control public opinion by controlling the schools. Now, there is a point of optimism here. If any state could rule without propaganda, it would surely do so. Why then do states find educational control and the propagation of the civic religion in their interest? Because at some level, every state, in all times and places, is required to seek the tacit consent of those it governs. No state can control a society by use of the sword only and alone. It must also seek some degree of ideological conformity with its own goals. Otherwise its rule becomes threatened and destabilized. The other side of the coin is that states can indeed be destabilized by the ultimate counterrevolutionary tactic of providing alternative sources of education. As Mises said, all of history is a battle of ideas. Where the ideas of freedom are triumphant, liberty prevails. Where the ideas of freedom are buried and suppressed, despotism prevails. Our pathway is clear. It is a choice of the Mises Institute not to mix in the mire of a political system that is wholly owned or attempt to seek favor from influential opinion makers. Our path is one of education, pursued with high-minded ideals, advanced using the most modern methods, and animated by the spirit of guerilla warfare. There are Misesians and Rothbardians strewn throughout the academic world, financial and banking houses, law firms, and in every walk of life, not only in this country but all over the world. We have worked for nearly a quarter of a century on a very radical project of advancing economic science and logic. We have pushed to keep the fire of freedom burning brightly. We have sought to teach anyone and everyone about the workings and benefits of liberty. We have come under pressure from left, right, and center. Yet the attention given to this body of ideas grows by the day. We can prevail against the Propaganda State. So long as we are free to do so and have the means available, we will continue to do so. This is our weapon against power. It is the most effective weapon anyone could ever possess. If we win this victory, we win all others. We thank you for supporting education for liberty, and for being part of the revolutionary vanguard that sees through the errors of our day and imagines a brighter future of freedom, private property, and peace. : Mises Institute
Should I Keep My Rune (g) Armour? From looking at the chart on http://itemdb-rs.runescape.com/Rune_gold-trimmed_armour_set_(l)/viewitem.ws?obj=11898&scale=2 I can see the price will be rising everyday. My question is, should I sell it just in case it suddenly decreases or just keep it to make a profit? I bought the armor as 1.94m several weeks ago.
Ron Paul's ABC Debate answer on gas prices? Did anyone else find Ron Paul's answer to the question about gias prices during the ABC debate astonishing? If you missed it, he merely quoted a chart in the Wall Street Journal that showed how gas prices in ... the US dollar has gone up 350% in the past 10 years, the Euro has gone up 200% in the past 10 years, Gold has stayed the same in the last ten years. So if our dollar were backed with gold like Ron Paul suggests, then gas prices would have remained the same. I found this astonishing.
how smart are you ten points? 1. ECOT has been in operation for 10 years. Of the 50 class presidents that the school has had, 7 out of 10 have been males. How many class presidents of ECOT have been females? 2. Looking at the chart below, write a ratio of the number of gold medals won to the total number of medals won for the USA. 3. 40% of 30 is what number? 4. Karen took a survey of some of the students in her lunch periods. 42 out of 70 students Karen surveyed said their family had a pet. What percent of the students had pets? 5. Maddy usually makes 85% off her shots in basketball. If she shoots 20 shots, how many will she likely make? 6. A glucose solution is prepared by dissolving 6 milliliters of glucose in 120 milliliters of solution. What is the percent of glucose in the solution? 7. Lavonta is looking at pants marked at $26.50. She only has $29.00 with her, and she avoids using her credit card because of how easy it is to get into debt for small items. If the sales tax in her city is 6%, can she afford to get the pants today? 8. How much would the pants cost Lavonta? 9. Elise is working at Macy’s earning $5 per hour plus 10% commission on the items she sells. Last week Elise worked 20 hours and sold a total of $1200 in merchandise. How much money would Elise’s paycheck be before any taxes are taken out? 10. Makayla buys ten Zhu Zhu pets at Walmart for $8 each. Since these are hot items for Christmas, Makayla decides to sell them on E-bay to make a profit. She is going to increase the price by 200%. What price is Makayla going to sell ONE pet on E-bay?
Who is Long Overdue for Induction? There are so many acts who were inducted into the Country Music Hall of Fame years, even DECADES after they should have been. Ernest V. Stoneman should have been one of the earliest inductees; instead he was just put in last year. Ray Price took much longer than he should have, as did nearly every performer in the class of 2001. So who do you think should have been put in a long time ago? My top three: Al Dexter -- the reason there is a country singles chart in Billboard. Elton Britt -- recipient of the first gold record awarded to a country song, he's the only person nominated in "the class of 85" that hasn't been inducted. Connie Smith -- long, prolific career and one of the few women to ever have a debut single hit #1.
HELP PLEASE SOCIAL STUDIES? Use the following quote to answer questions “As for the rich, they kept apart in their handsome houses and—when they wished to escape the heat and dust of Rome—in villas at such pleasant retreats as Herculaneum and Pompeii. These villas were estates of superb style and comfort, as can be seen in a letter from the orator Marcus Tullius Cicero to his brother, who was traveling in Gaul. ‘All’s right on your estate,’ Cicero wrote. ‘Nothing left to do but the baths and a promenade and the aviary. The paved colonnade gives dignity. The columns have been polished and the handsome curve of the ceiling will make it an excellent summer room. . . . Your landscape gardener has won my praise; he has enveloped everything in ivy—even the Greek statues seem advertising it. It’s the coolest, greenest retreat. Statues, wrestling ground, fish pond, water system—all are fine.’” —Cicero’s letter to his brother, as quoted in Empires: Time Frame 400 B.C.–A.D.200 1. From this passage you can infer that poor people (1 point) did not live in handsome homes. lived intermixed with the rich people. escaped the heat and dust of Rome. had aviaries. 2. Which of these is part of the estate’s water system? (1 point) aviary wrestling ground baths colonnade 3. What was Hadrian’s Wall? (1 point) a wall built for defense in Britain an aqueduct a great wall in Italy a memorial to Hadrian in Rome 4. Tiberius and Gaius Gracchus wanted to (1 point) give women the right to vote. give land to the poor. take over Roman government. free all enslaved people. 5. Roman rulers helped unify the empire by granting every free person _________ in A.D. 212. (1 point) citizenship money land voting rights 6. To lessen the effects of inflation on the economy, Rome put ______ gold in its coins in the A.D. 200s. (1 point) no only less more 7. To which city did Constantine move the capital of the Roman Empire? (1 point) Sardinia Galilee Cairo Byzantium 8. Byzantine civilization was based on Roman traditions at first, but eventually was much more influenced by ________ culture. (1 point) German Greek Slavic Egyptian 9. Justinian’s wife Theodora helped give Byzantine women the right to ____________. (1 point) vote divorce rebel own land 10. Justinian’s many changes to Byzantine law became known as ____________. (1 point) Justinian’s Code Byzantine Codes Justinian’s Lexicon Theodora’s Code 11. What happened when Roman coins lost value in the A.D. 200s? (1 point) People began to barter. People collected coins. The price of goods decreased. Workers quit their jobs. Use the following chart to answer questions 12–14. 12. Who was the Roman god of the underworld? (1 point) Mars Venus Vulcan Pluto 13. Which of the following Roman gods and goddesses were husband and wife? (1 point) Mercury and Minerva Jupiter and Hera Jupiter and Juno Mars and Diana 14. What were the Greek and Roman names for the goddess of love? (1 point) Aphrodite and Juno Aphrodite and Venus Venus and Artemis Aphrodite and Diana 15. The scientist Ptolemy (1 point) invented the compass. studied biology. studied the stars and planets. dissected dead animals. 16. When Diocletian took power in A.D. 284, he (1 point) harshly put down a peasant revolt. stopped putting gold into coins. introduced reforms. fired all workers in Rome. 17. As time passed, the Byzantine Empire became (1 point) a Jewish state. less Greek and more Roman. less wealthy and prosperous. less Roman and more Greek. 18. Justinian wanted to (1 point) conquer the Byzantine Empire. enslave Africans. reunite the Roman Empire. further limit women’s rights. Use the following image to answer questions 19–21. 19. Which material was used in building the Roman roads? (1 point) gravel sand stones all of the above 20. How many layers of material were the roads made of? (1 point) two three four five 21. Which material was used to hold the top layer of stones together? (1 point) gravel concrete drainage ditches sand 22. How did Augustus pave the way for 200 years of peace and prosperity? (3 points) 23. What was life like for poor people in Rome? How did the Roman empire try to keep poor people loyal? (3 points) 24. How did the location of Constantinople help it grow wealthy and prosperous? (3 points)
social studies help!? “As for the rich, they kept apart in their handsome houses and—when they wished to escape the heat and dust of Rome—in villas at such pleasant retreats as Herculaneum and Pompeii. These villas were estates of superb style and comfort, as can be seen in a letter from the orator Marcus Tullius Cicero to his brother, who was traveling in Gaul. ‘All’s right on your estate,’ Cicero wrote. ‘Nothing left to do but the baths and a promenade and the aviary. The paved colonnade gives dignity. The columns have been polished and the handsome curve of the ceiling will make it an excellent summer room. . . . Your landscape gardener has won my praise; he has enveloped everything in ivy—even the Greek statues seem advertising it. It’s the coolest, greenest retreat. Statues, wrestling ground, fish pond, water system—all are fine.’” —Cicero’s letter to his brother, as quoted in Empires: Time Frame 400 B.C.–A.D.200 1. From this passage you can infer that poor people (1 point) did not live in handsome homes. lived intermixed with the rich people. escaped the heat and dust of Rome. had aviaries. 2. Which of these is part of the estate’s water system? (1 point) aviary wrestling ground baths colonnade 3. What was Hadrian’s Wall? (1 point) a wall built for defense in Britain an aqueduct a great wall in Italy a memorial to Hadrian in Rome 4. Tiberius and Gaius Gracchus wanted to (1 point) give women the right to vote. give land to the poor. take over Roman government. free all enslaved people. 5. Roman rulers helped unify the empire by granting every free person _________ in A.D. 212. (1 point) citizenship money land voting rights 6. To lessen the effects of inflation on the economy, Rome put ______ gold in its coins in the A.D. 200s. (1 point) no only less more 7. To which city did Constantine move the capital of the Roman Empire? (1 point) Sardinia Galilee Cairo Byzantium 8. Byzantine civilization was based on Roman traditions at first, but eventually was much more influenced by ________ culture. (1 point) German Greek Slavic Egyptian 9. Justinian’s wife Theodora helped give Byzantine women the right to ____________. (1 point) vote divorce rebel own land 10. Justinian’s many changes to Byzantine law became known as ____________. (1 point) Justinian’s Code Byzantine Codes Justinian’s Lexicon Theodora’s Code 11. What happened when Roman coins lost value in the A.D. 200s? (1 point) People began to barter. People collected coins. The price of goods decreased. Workers quit their jobs. Use the following chart to answer questions 12–14. 12. Who was the Roman god of the underworld? (1 point) Mars Venus Vulcan Pluto 13. Which of the following Roman gods and goddesses were husband and wife? (1 point) Mercury and Minerva Jupiter and Hera Jupiter and Juno Mars and Diana 14. What were the Greek and Roman names for the goddess of love? (1 point) Aphrodite and Juno Aphrodite and Venus Venus and Artemis Aphrodite and Diana 15. The scientist Ptolemy (1 point) invented the compass. studied biology. studied the stars and planets. dissected dead animals. 16. When Diocletian took power in A.D. 284, he (1 point) harshly put down a peasant revolt. stopped putting gold into coins. introduced reforms. fired all workers in Rome. 17. As time passed, the Byzantine Empire became (1 point) a Jewish state. less Greek and more Roman. less wealthy and prosperous. less Roman and more Greek. 18. Justinian wanted to (1 point) conquer the Byzantine Empire. enslave Africans. reunite the Roman Empire. further limit women’s rights. 22. How did Augustus pave the way for 200 years of peace and prosperity? (3 points) 23. What was life like for poor people in Rome? How did the Roman empire try to keep poor people loyal? (3 points) 24. How did the location of Constantinople help it grow wealthy and prosperous? (3 points)
Chart showing base and precious metal prices adjusted for inflation? A coworker and I were talking yesterday about the debate right now over whether the U.S. is "officially" in a recession, and the point came up that while the economy's growth has slowed, gold prices (a common barometer for inflation) are nowhere near a record high when adjusted for inflation. I've seen stories recently that have also mentioned soaring prices for base metals such as copper (hence a glut of recent news stories about copper theft), but I haven't been able to find any information on inflation-adjusted base metal prices. Anyone know of any online charts showing historical precious and base metal prices adjusted for inflation?
Gas Price Whining Forces Rush to Explain Capitalism Yet Again? Gas Price Whining Forces Rush to Explain Capitalism Yet Again RUSH: I went to the MoveOn.org website today. You know what they're all up in arms about today? High gas prices. They're sending out an action e-mail to all of their members asking people to sign a petition to get Congress to do something about high gas prices, and Congress is going to do something about high gas prices. Have you heard this? They are going to sue OPEC! They are going to sue OPEC for high gas prices. Why aren't they suing Big Oil, I wonder? The House voted yesterday to allow the government to sue OPEC over oil production quotas. They ought to sue themselves! They're the ones standing in the way of our energy independence. You know, high gasoline prices, high oil prices today are partially due to the fact that back in the Clinton administration and since the Democrats have prevented any drilling in, say, ANWR or anywhere else for our own supplies of oil. They have all this dramatic talk about alternative fuels and so forth, which is a pipe dream. There's nothing down the road that's anywhere near something that's going to solve whatever problem we have. But I find it interesting they want to sue OPEC and not Big Oil. This is, again, something that will go nowhere. BREAK TRANSCRIPT RUSH: "The jump in U.S. gasoline prices this year has so far drained consumers of an extra $20 billion, or about $146 for each passenger car in the country, the Government Accountability Office told Congress on Tuesday." That's also known as the GAO. "The national price for regular unleaded gasoline hit a record $3.22 a gallon this week, and is up $1.05 since the beginning of February, according to the Energy Department." Now, get this. "The added expense is taking money away from consumers to spend on other goods and services." Yes, it is. "Spending billions more on gasoline constrains consumers' budgets, leaving less money available for other purchases." Why don't you people think about this on tax cuts, for crying out loud? If you want to cut prices on gasoline, cut the taxes, the state, the city, the feds, whatever else. It adds up to 60 cents a gallon. It's all profit. We've been over this I don't know how many times. Mrs. Clinton said something about doing something to increase the supply, lower the price, I forget what it was, and I'm sitting there thinking, if you are Big Oil and you are a global concern, your market is the world, why in the world would you invest heavily in -- I think this is about refineries, we need to be building more refines -- who's standing in the way of building more refineries? Environmentalist wackos. And who are they aligned with? They're aligned with the Democrats and left. But if you're Big Oil, why would you even consider investing gazillions of dollars in a country that is trying to ban your product? Somebody needs to ask that question besides me. BREAK TRANSCRIPT RUSH: Mike in northern Wisconsin somewhere you're next on the EIB Network. Hello, sir. CALLER: Hey, Rush, how's it going? RUSH: Fine, sir. CALLER: I got a tanker up here, a gas tanker, and I'm not going to tell you who I drive for -- RUSH: Wait, wait, hold -- time-out, time-out, I want to hear -- you driving the tanker? CALLER: Yes, I am right now. I'm going to get another load of that precious liquid gold. RUSH: Yes. CALLER: (Laughing.) Anyway, what I wanted to say was, I just delivered in a store here, and they were lined up at two stations, the one I was at and one across the street. The prices -- for granted, let's say they're just high, okay, whatever. RUSH: Right. CALLER: We can't keep gas in the ground, people are buying it as fast as we can put it in the ground. I don't know if that's a good thing or a bad thing. I'm just telling you it doesn't seem -- if the world is going you know where in a handbasket and everything is going bad, people seem to be buying gas and going on vacations up here and -- RUSH: We know this is true. Your little story here is anecdotal, but we know it's true. There have been surveys. Something came out yesterday that driving went down for a while, on a percentage basis from the previous year. But from what you're describing, people waiting in line for your truck to show up to refill the tanks at the station? CALLER: There was people there waiting, and I pulled in, and I had to block the road just so I could get in and unload this thing, and we ran all weekend. We had trucks out all week running. Now, if the economy is so bad, how come people keep buying all this gas and the motorcycles and their motor homes and -- somebody's making money somewhere putting this gas in their tanks. RUSH: You are really shrewd, I have to tell you, and plus you have the benefit of being an eyewitness to this. This notion the economy is in bad shape and that people are fretting over gasoline prices is simply manufactured news, manufactured news from the Democrat Party, and they're trying to compare it to food prices, which it is a necessary. We all have to eat in this country. I had somebody ask me the other day, "Rush, let me ask you a question, you once said, and you're right, that that you go to the grocery store and the profit markup in a grocery store on basic foodstuffs is 1%, grocery stores make their money selling the stuff at the checkout counter and the magazines and the candy and all this sort of stuff and the mops and the spic-and-span, whatever's in there. But on basic foodstuffs, profit margin is 1%, because people have to eat." He said, "Well, why doesn't Big Oil look at it that way. People have to drive to get to the grocery store to eat." I said, "Well, both prices, both profit markups, both businesses are constrained by the market forces in which they operate. People do need gasoline, and that's why they're driving." They're not going to slow down and they're not going to stop going to work and they're not going to get on the light rail train. We have some of the ugliest light rail trains I have ever seen in my life right down here in West Palm Beach. I don't go over there much, but sometimes I have to get to the airport. You get stopped sometimes, when I come in late from a flight getting home, midnight or one o'clock, that seems to be when these things are moving, and nobody's on them -- wait, no, that's the freight trains. Take it back. These are the transit, the rush hour, little all-day-long light train. They're supposed to be painted to look like Florida blue with the palm trees. They don't look like that. They look ugly. They look like they're unfinished, looks like they bought used train cars and they haven't done anything to them. But the thing I noticed, they're always empty. I scour, I look in the windows, you might see one or two people on a three-car train. They're empty. People don't want to get on these things, and they don't want to get on buses, outside of New York, where this is standard form of transportation, cabs and buses and subways and so forth. But around the rest of the country they want to drive their cars and they're going to and they're going to pay whatever it costs. They might complain but they'll pay it. BREAK TRANSCRIPT RUSH: Darren in Billings, Montana, I'm glad you waited as we get back to the phones. Welcome to the EIB Network. CALLER: Hey, Rush, it's great to talk with you. Mostly dittos from Montana. RUSH: Thank you, sir. Never been there and would love to go. CALLER: I'd say, we'd love to have you up here sometime. RUSH: I'll make it at some point. CALLER: There we go. Hey, the problem with the analogy of the oil company and the grocery store is that the oil companies own the product from the raw stage to the retail stage. And the grocery store is actually the true showcase of the free market, where they're buying products from different places and different manufacturers and wholesalers, whereas the oil companies are controlling it all. RUSH: So? CALLER: Well, this is the reason that gas is the price that it is. They're the ones handling that. There is no free market in the oil business. RUSH: Okay. There's no free market in the oil business? The prices in the oil business are fixed? Democrats in Congress conducted an investigation, I think it was Senate Democrats might have conducted an investigation after Hurricane Katrina to find out if there was price fixing. The Democrats couldn't find any evidence of it. CALLER: No, I wouldn't say that there's price fixing. RUSH: Well, if you -- CALLER: I simply don't think that there is the true free market that we see in all the other industries. I don't see any other industry that controls things from raw material to retail sale. I don't think that the supply-demand -- RUSH: Well, then tell me how it is that the prices in this country are lower than they are anywhere else in the world? CALLER: I don't have an answer for you right off on that. RUSH: Well, you know, I've got limited time -- CALLER: I don't know how all the other countries are working. RUSH: You're a great guy, you're a nice guy. There's no free market in gasoline. Propaganda works on this every time the price starts going up, and I don't get it. I just don't. BREAK TRANSCRIPT RUSH: When you get otherwise intelligent people saying there's no free market in the price of gasoline, after all of the countless years of detailed attention paid to the subject, the painstaking research, the patient presentation of facts by me, I often throw up my hands. Let me try, because I know that the gas price is one of these things that when it comes up, it goes up, people think that there's some suspicious or conspiratorial reason behind it, they just cannot accept the fact that the free market works in gasoline. So let me ask a question. Or let me ask many questions. Let us speak of many answers. How many oil companies are there that sell gasoline in the United States of America? How many are there? Take a wild guess. I don't even know the answer, but it doesn't matter because there's more than one. If you don't think they are competing with each other, then you don't know the world. ExxonMobil, BP, Shell, and whoever the others are, they compete with one another. That's number one. I realize that some of you might think they all get together and set the price and so forth. Second thing is, how many companies are there selling gasoline in this country that are not American? Citgo is one, there's Hugo Chavez. British Petroleum. Do you think that ExxonMobil and BP and the rest are getting together with Hugo to set prices in the United States? Remember, now, these people are the world market. Now, where does this oil come from? Gasoline is oil first and there are a bunch of different places it comes from. All over the world. Comes from Canada. In fact, that's the number one country we get oil from. That's our number one importer. Saudi Arabia, Venezuela, Russia. The oil companies do not own this oil as it is. I don't know if you've noticed this, but Hugo Chavez just kicked the oil companies out of Venezuela. He's nationalizing everything. He's taken it, screw you, if you want to stay here and run the wells and so forth we can work out a little production deal, but, ha-ha-ha-ha, this stuff belongs to Venezuela because the oil is ours. Same thing happened in Saudi Arabia and Rockefeller got his change before that happened, but same thing happened there, basically. "We don't need you anymore." So tell me how it is that oil, which starts the whole price timeline, coming from so many different places in the world, ends up as refined gasoline with no free market determining the price in this country. I want to know how this is possible. I want to know how it is that BP, ExxonMobil, Citgo, name other companies, the size that are out there -- hell, I don't know -- Conoco's merged with somebody. I want to know how they're getting together with the Russians and with the Saudis and coordinating this. Then I want you to tell me, the guys playing the futures market in oil on the commodities market, I want you to tell me how they are involved in this so that the price is set by one person from the time it comes out of the ground 'til it gets to your car as gasoline, the idea that that's true is false. All these companies compete with one another at the retail level, they are competing with each other to find oil all over the world. We have to buy oil from all these different countries, and we have to refine it here. All of these aspects have market circumstances that rein in the desire for people to charge more than what they can get for it. Then you've got the stockholders of these publicly traded companies who are demanding profits as big as they can be. They're publicly traded companies and if the managers of these companies don't get as big a profit as they could or if they get too little a profit, there's going to be hell to pay from the shareholders. Now, I want to know how in the world anybody can genuinely think that the oil companies, who are citizens of the world, own every bit of oil that comes out of the ground and then every bit of the processing before it becomes gasoline, then it becomes gasoline and goes into your tank, I want to know how this happens. This is news to me. And why is it that the Democrats in the Congress are suing OPEC in order to do something about the rising gas prices. Why aren't they suing Big Oil? And how is it that OPEC isn't Big Oil and how is it that Hugo Chavez isn't Big Oil and how is it that Russia isn't Big Oil, and how is it that British Petroleum and ExxonMobil and Conoco or whoever else, how come they are? I'm sitting here mystified by all this. This is not to say that I'm insensitive to the price, but the idea here -- oh, and one more question. Have you heard of a country called China? I'm sure many of you have. We refer to them here lovingly and affectionately as the ChiComs. Well, despite their best efforts over there, they are having an expanding economy. There are now multimillionaires in China and more and more people have access to automobiles that use gasoline, and they are putting a lot of pressure on the worldwide supply of gasoline, and in this country, your friends, the Democrats, are standing in the way of this country finding any more oil on our property; be it Alaska; be it off one of the coasts, they won't let it happen, while at the same time they're talking about energy independence. So I want to know how it is, at that Big Oil, which earns 30% of its income from operations in the United States, I want to know how it is that Big Oil and all these companies competing with one another somehow control the product around the world from the moment it comes out of the ground. I want to know how they own Saudi Arabia. I want to know how they own Russia. I want to know how they own Iran. I want to know how they own Venezuela. Niger, Big Oil -- there's oil coming out of the ground everywhere but here. I want to know this. If you can answer these questions, with all the pressure on the supply, the worldwide supply that the rising Chinese economy is put -- and the Indian economy, by the way, they're going bonkers as well, if you can tell me how Big Oil controls every drop from the time it comes out of the ground until tends up as gasoline in your tank, then I can maybe accept your -- but you can't tell me because it's not possible, because it isn't true, because it doesn't happen. If you want a shocking statistic, I've forgotten the actual numbers here. Going to have to go back to my website tonight to the archives, I gotta remember the date and find this. Maybe Koko can search for it real quick when he hears what I'm talking about here. I was playing golf with a guy who had just had a conversation with an energy expert and he was passing the story on, secondhand. I didn't hear it from the horse's mouth, but the numbers of people in the world who don't have electricity would stun you. Who don't have running water, stun you. Don't drive, don't have automobile, would stun you. It's a vast, vast majority. If those people ever got -- by the way, you people like flipping on the light switch at home. You like when the air-conditioner works? Where do you think that comes from? They won't let us do nuke power, so it's coal and it's oil. I haven't even scratched the surface of the oil industry here. I haven't even begun to scratch the surface, the costs in finding it, drilling it, bringing it up, transporting it as crude across the oceans and pipelines and so forth. I literally am amazed that somehow the truth and the facts of the oil business, economics of the oil business, escape people when the economics of most other things are never questioned. Well, I'm not totally mystified. You've got the Democrat Party and the Drive-By Media routinely telling people they're being gouged, and you've got Democrats talk windfall profits taxes and so forth and so on. I'm blue in the face trying to describe to you how much every gallon you buy goes to your state, local, and federal government as total profit. Nobody ever complains and they're talking about raising those taxes, by the way, in the midst of all this, yeah, because, you know what, as the price goes up, some people are buying fewer gallons of gas, and that's less tax money. So the roads may not be repaired, bridges may not be prepared and so forth. So all these people out there wanting you driving these little windmill hybrids. I'll tell you what, if everybody did that, and the consumption of gasoline went down big time, you think the taxes wouldn't go up to make up the loss to the government? It would. This market is so complex, it's like the climate, although it's not nearly as complex as the climate, it is profoundly complex, and to try to control it and corner it is impossible. BREAK TRANSCRIPT RUSH: I have a little chart from the year 2001 from the Wall Street Journal. The source of this chart is Energy Intelligence Group. It's a chart of oil companies by size of crude production. The largest oil company in the world: Saudi ARAMCO is the number one oil company in the world in 2001, producing 8.3 million barrels of oil a day. Next is the National Iranian Oil Company, NIOC, at 3.77 million barrels of crude a day. The third largest oil company is PEMEX, that's Mexico, 3.56 million barrels, and they just announced a huge find in the in the Gulf of Mexico off of their shores. The fourth largest oil company by crude production -- and this is going to be a small number now given what's recently happened there -- is Venezuela. The company is PDVSA, three million barrels of crude a day, but they've just nationalized a bunch of oil down there, they claim, so they're going to be higher than that. Number five is ExxonMobil at 2.54 million barrels of crude a day. So you got Saudi Arabia at 8.3 million barrels a day. There's ExxonMobil at 2.54. ExxonMobil's market share of the world oil market is 3%. Don't anybody call here again and tell me about Big Oil engaging in price fixing and controlling every bit of the oil from the ground to your tank as gasoline.
I am struggling for a price structure help? I am having difficulty for a price structure what i want to achieve is a price structure that rewards those you spend larger amounts of money and also go for higher options i have a basic bronze, silver, gold, platinum system and bronze being pay and go the rest being subscription based, the subscriptions are 1 3 6 and 12 months pay up front a platinum package would be cheapest but a annual silver package would be cheaper per item than a 1 month platinum subscription but a one month platinum more ex[ensive than one month bronze as the cost per item is cheaper but they are buying a higher volume. a mathematician would be really helpful for a forula to arrange my charts please help
State : Neither Samaritan Nor Solomon ?? Mises? If you say that government is too big and truly overweening, you elicit a surprising degree of agreement among people, even mainstream columnists, economists, and nearly everyone. Even government employees, who famously resent their bosses, might be quick to agree. If you hang outside the offices of the IRS in Washington, D.C., in the park at noontime where its employees take their lunch, you will get an earful of vitriol against the bureaucracy such as you wouldn't hear outside 1990s militia circles. Incidentally, the government is having a terrible time recruiting employees. Only 16% of college-educated workers say that they are interested in a government job. Among those without a college degree, there is twice the level of interest. Among people currently employed, those with managerial or professional occupations show a low interest level of 17%. Among those who want work to be challenging and enjoyable, only 9% thought a government job qualified. And, interestingly, among those who say they want to make a contribution to society, 90% said that non-government work in the private sector, whether for profit or non-profit, is the way to go. Now, what this means is that the smart set avoids government. Government work might still be attractive to people with fewer economic opportunities, but they are entering it for reasons that are not ideological. And for that reason too, they are less loyal to the public sector and glad to bail out if something else comes available. Most people view this as a very bad trend. I would only say that it is a significant trend, especially considering that in the heyday of government central planning, government sought to attract the best and the brightest. Often it did. Now, one might argue that if government were doing what it should be doing, this would be a good thing. But if government is doing many bad things, it is certainly not a bad trend for it to experience a brain drain. It is always a tragedy to see smart and entrepreneurial men and women be attracted away from productive employment in the private sector toward a position of power in the public sector. It makes us poorer to have the talents drained away from wealth creation toward wealth destruction. As for the very few good people in politics — Ron Paul is the great exception that proves the rule — they are true public servants only insofar as they work to diminish government power rather than increase it. So long as government is large and overweening, we are better off with a public sector that cannot attract the best and brightest. They should stay put where they can continue to expand the range of goods and services offered within the market framework. It is the market that provides us the means necessary to improve our standard of living, and the tools we need to maintain some degree of independence from the state. We often rail against incompetence in government. But before we go too far with this language, we need to consider that competence in government may be a far worse fate. We don't need genuinely competent antitrust enforcers, drug and food regulators, tax collectors, money manipulators, labor-law interventionists, gun grabbers, and environmental police. As H.L. Mencken said, we should be thankful that we don't get all the government we pay for. To be sure, we are paying far more today for government than ever before. Consider the real annual growth rate of total government outlays by presidents. Under Nixon, it was 3%. Under Carter, it was 4.1%. Under Reagan, 2.6%. Under Bush's dad, 1.9%, a figuring owing to the cuts in military spending. Domestic spending soared. Under Clinton, whom we all denounced as a socialist, it was 1.5%, the lowest rate in the postwar period. And under the present Bush, who promised less government? The real annual growth rate of total government outlays has been 5%, which compares to Johnson-era spending. The old rationales for government growth may have been discredited in the public mind. But they are alive in Washington, among the special interest groups, and among the media. I would like to identify the main ones. Rationale Number One: The Good Samaritan State. In this view of government, the state should act like the third person to come upon the poor man who had been beaten and robbed. They imagine a population that is divided among three types of people: victims, victimizers, and those who refuse to help. The victim classes we know all too well, because the litany is said again and again within the structure of labor law: the elderly, the very young, ethnic and racial minorities, religious minorities, sexual minorities, the physically and mentally disabled, workers, the underpaid, people in rural areas, those who deal with urban overcrowding, people who breathe dirty air or eat chemically produced products, artists, the manufacturing industry, people with peanut allergies, the dyslexic, short people, fat people, the leisure deprived, and I've probably left out a hundred or so other groups. Among the victimizers, we similarly have a list: capitalists, racial and ethnic majorities, sexual majorities, the overpaid, managers and CEOs, people who live in gated communities, the well armed, consumers of cell phones, owners of mines, anyone living off a trust fund, fully abled men, and anyone who resents social managers telling them what to do. In the view of those who advocate the Samaritan State, these two classes of victims and victimizers are constantly at war. There is nothing but conflict between them. The loss of one is the gain of the other. These categories are fixed and unchanging. The lack of harmony of interests is built into the structure of the social and economic world. The remedy requires an institution that is relentlessly engaged in reweighing the power relationships between the two groups. The conflict cannot be finally ended, but justice requires that the victims are given an unending stream of compensation and that the victimizers are treated with disdain and punished for their very existence. Social justice thus requires that victimizers are reduced, disabled, denounced, and spat upon, while the victims must be exalted, fed, clothed, funded, and made whole. This is how the Left, broadly speaking, thinks the world works, and should work. It doesn't matter whether one considers oneself a hard Marxist or a soft social democrat, the intellectual tie that binds them together is the view that conflict and not cooperation characterizes the work of society in the absence of an institution dedicated to bringing about social justice. The institutional answer is, of course, the state. The state is the Samaritan who lifts up and exalts the meek, and smites the proud and powerful who would otherwise walk right past the poor person on the street, who is the very archetype of the victim in the leftist view of how the world works. But there are many things wrong with this view of society. In the parable, the victim was beaten and robbed. He was exploited only in a very narrow and old-fashioned sense: his person and property were violated. These are crimes against libertarian ethics, a system of thought that mirrors what every religious and ethical system has taught: do not kill and do not steal. In other words, he was not a victim of some hazy notion of Social Injustice. He was not discriminated against, exploited by an employer, made to work long hours, or denied a comfy living in his old age. There is a huge difference between being beaten and robbed, and having to pay high prices for prescription drugs. The great error of the Left is its inability to distinguish the injustice of violence from the supposed injustice of inequality of material condition. As for the Samaritan, he was not acting as an agent of the regime. He used his own money to help the victim. He got him back on his feet and paid his bills at the private clinic where he was deposited for care. The Samaritan did not rob someone else to give money to the man on the street. He presumably got his money justly by hard work and investment. He had no desire to keep the man dependent, nor to exercise power over him, tax him, regulate him, nor send him to war. The state is something very different. It has no income but that which it robs from someone else. It seeks its own gain at others' expense. It protects itself and promotes itself before the interests of everyone else. It is beholden to special interests who create and control its regulatory apparatus. It is not impartial. It sides with its friends over its enemies. Moreover, the state is an exploiter, a murderer, a violator of human rights. The typical response of the Left is to say that they want a state that does only good things such as share and care, and not bad things such as steal and kill. But this cannot be. We might as well wish for a lion that only purrs and cuddles, or a rattlesnake that only provides percussion accompaniment to mariachi music. The very nature of the state is that it exists only through and for compulsion. To imagine otherwise is not to face reality. Rationale Number Two: The Solomonic State. In the Bible we are told that King Solomon had "understanding exceeding much and largeness of heart, even as the sand that [is] on the sea shore." And his "wisdom excelled the wisdom of all the children of the east country, and all the wisdom of Egypt." He was "wiser than all men" and "his fame was in all nations round about." He spoke "three thousand proverbs: and his songs were a thousand and five." He "spake of trees, from the cedar tree that [is] in Lebanon even unto the hyssop that springeth out of the wall: he spake also of beasts, and of fowl, and of creeping things, and of fishes. And there came of all people to hear the wisdom of Solomon, from all kings of the earth, which had heard of his wisdom." Now, I'm not here to dispute the Bible's account of Solomon's wisdom. But let us also recall that Solomon's rule later became close to tyrannical. His son Rehoboam inherited his power, and when the people begged for relief from Solomon's "heavy yoke," and instigated a full-scale crackdown: "My father scourged you with whips; I will scourge you with scorpions." To be wise and prudent is not characteristics of rulers. In fact, it is very dangerous to hope that they may be. If we set out to find such a person, and have fantastic power available to him when we believe he has arrived, we have set up the framework for tyranny. The founders knew that no man can be trusted with power. They attempted to construct a system that presumed that men were corruptible, and that there would be some means to dislodge them when their corruption showed. Still, today many people long for the Solomonic State as a means of dispensing justice. Unlike the Samaritan model, the goal here is not charity but the just wielding of the sword on behalf of the right and true. Thus should we seek out righteous men of learning and moral character who know what evil is and have the courage to stand up to it and destroy it. This model is what inspires this mentality. There are many problems with this model. One man might be very wise, even the wisest of all men. But as F.A. Hayek might remind us, all the accumulated knowledge in the head of one person is still infinitesimal as compared with the wisdom that emerges through social cooperation on the marketplace. We can consider the price of any good on the market as it stands right now, and know that this one price results from the accumulated decisions of millions of people across thousands and thousands of sectors of economic activity spread throughout the world. The knowledge is dispersed in a million directions and results from small decisions and actions by economic actors. But the result is a single indicator that assists in allocating resources better than any single mind could ever do. The model of the Solomonic State also imagines that somehow the social order we see around us cannot possibly have come about without a single will operating in society, some firm hand that has designed the order and keeps it running smoothly. People who think this way imagine that in the absence of this firm hand, there would be nothing but a Hobbesian state of nature, where society is a war of all against all and life is nasty, brutish, and short. Our age is notably lacking in the likes of Solomon, and so those who fear the Hobbesian state of nature turn to the managerial state to act wisely in the interest of justice and order, at home and abroad. They might not always like what the rulers do, but they consider the alternative to despotism more fearsome. They warn about the dread results of anarchism and liberty, where people senselessly kill and rob without consequence. They fear this liberty more than they fear the abuses of power. This, I submit, is the mentality of many conservatives and many on the Right. We see it in the affections they have for Bush, the Patriot Act, the war on terror, and how quickly people fall for any leader who uses Manichean rhetoric in defense of the latest nationalistic crusade. What these people need more than anything else is a familiarity with the insights of the old liberal tradition as represented by Jefferson, Bastiat, Mises, Hayek, and Rothbard. They need to come to see how order is not the mother of liberty but its daughter. They need to see how society is harmonious not because of the state but because of the prevalence of human cooperation in the marketplace, where people work to trade to their own mutual betterment. People who fail to understand this become the unwitting servants of tyranny, particularly in the modern age when it is so obviously not wise but stupid and violent and presumptuous. They imagine that the state can posses godlike powers and bring justice and order, but they end up only empowering the worst elements in society, bringing injustice, and chaos. Now, you might say that the old liberal view of society is naïve. It might be in people's interest to learn to trade rather than steal but we live in a fallen world. If not for some overarching controlling force, people would loot each other unrelentingly and kill for fun. Now, to this I can say that it is true that some societies have not learned to make trading and peace significantly more prevalent than violence and killing. History is strewn with examples. The question we have to ask ourselves is whether a society that fails to learn the art of civilization will erect and sustain a state that will impose civilization on the people. I submit that history also teaches that when a people are brutal and uncivilized, the state is even more so. The state is rarely and maybe never better than the people it rules; in fact, it is almost always worse. Rationale Number Three: Log-Rolling. Given these two very different conceptions of the state, one favoring the welfare state and the other favoring a warfare state, why don't the visions cancel each other out? So intense is the desire of one group to have the state that it wants that it is willing to put up with another group's desire for its conception of the state. The two conceptions decide to cooperate and erect a state that purports to behave both like Solomon and like the Samaritan. That is the origin of the guns-and-butter state, or the welfare-warfare state, or the modern state as we know it, one that purports to meet every need. We see how this log-rolling works every day on Capitol Hill. One group wants more money for tanks and weaponry, and the other wants more for Medicaid and education. If both agree that politics is the art of compromise, they will put up with the other group's priorities in order that their own vision can be fulfilled. On the Right, we find that the love for the police power is more intense than the hatred of redistribution. On the Left, we find that the love of redistribution is more intense than the hatred of war and leviathan. They therefore work together to erect a massive and ever-growing executive. They are similarly unwilling to oppose the state in total. They fear that in doing so, the state as an institution will be discredited, and their conception of what the state should do along with it. Neither side particularly loves big government but both sides agree that it is better than the alternative of letting people alone. So they log-roll to support the public sector above all else, even when it means that they must sleep with their ostensible political enemies. Rationale Number Four: The Inflationary State. Now we come to the reason this system is able to perpetuate itself. And there is something of a mystery to explain here. No people anywhere will put up with a leviathan that grows and grows forever. At some point, the problem of funding state expansion will result in too much violence against property, and the people will revolt. Indeed, if the federal government had to collect all its revenue through a tax of any kind, leveled right now against the public, I submit to you that it would spark a tax revolt on a scale never before seen in modern history. Thus do we have the central bank to create money for the state. Thus do we have paper money that can be created in unlimited quantities. Thus do we have deposit insurance to make banks failure proof, so that the masses will never doubt that the credit pyramid is immortal. Thus do we have the Fed's power to manipulate interest rates and control the flow of credit to the system. An economist at Lehman Brothers sent us an interesting chart the other day. It compares the level of price increases across many Fed regimes. Under the first Fed governor Charles Hamlin, the dollar declined 8% in value. Under Thomas B. McCabe from the late forties, it declined 7.2%. Under Arthur Burns, wholly owned by Nixon, the dollar declined 42% in value. Under Volcker, Mr. Tight Money, it fell 40%. And under Greenspan, who has a reputation as a great inflation fighter, the value of the dollar in terms of goods and services fell fully 44%! Inflation serves the cause of the state by giving it room to run up debts without limit and fund its activities without making the people cough up more revenue. Indeed, that is the primary purpose of the inflationary state. People often say to me that a gold standard is impractical. In fact, that is not the case. It is very practical. It is the free-market answer. The state doesn't need to produce money any more than it needs to produce shoes or shirts or clocks. The problem is that we lack the political will to stop the inflation monster. Rationale Number Five: The Propaganda State. In every society control of educational institutions increases in tandem with the rise of the state. This is because the state needs these institutions to inculcate the civic religion of loving the public enterprise, and also because the less people know about the idea of liberty the more the state is provided the room to grow. Consider the Department of Education. Ever since its creation, every Republican administration has come to power with an intention to abolish it. But once they get in power, they find that bureaucracy has its uses. Instead of cutting or abolishing it, they increase the agency and give it more to do. The more the state does, the more the state sees the need to control public opinion by controlling the schools. Now, there is a point of optimism here. If any state could rule without propaganda, it would surely do so. Why then do states find educational control and the propagation of the civic religion in their interest? Because at some level, every state, in all times and places, is required to seek the tacit consent of those it governs. No state can control a society by use of the sword only and alone. It must also seek some degree of ideological conformity with its own goals. Otherwise its rule becomes threatened and destabilized. The other side of the coin is that states can indeed be destabilized by the ultimate counterrevolutionary tactic of providing alternative sources of education. As Mises said, all of history is a battle of ideas. Where the ideas of freedom are triumphant, liberty prevails. Where the ideas of freedom are buried and suppressed, despotism prevails. Our pathway is clear. It is a choice of the Mises Institute not to mix in the mire of a political system that is wholly owned or attempt to seek favor from influential opinion makers. Our path is one of education, pursued with high-minded ideals, advanced using the most modern methods, and animated by the spirit of guerilla warfare. There are Misesians and Rothbardians strewn throughout the academic world, financial and banking houses, law firms, and in every walk of life, not only in this country but all over the world. We have worked for nearly a quarter of a century on a very radical project of advancing economic science and logic. We have pushed to keep the fire of freedom burning brightly. We have sought to teach anyone and everyone about the workings and benefits of liberty. We have come under pressure from left, right, and center. Yet the attention given to this body of ideas grows by the day. We can prevail against the Propaganda State. So long as we are free to do so and have the means available, we will continue to do so. This is our weapon against power. It is the most effective weapon anyone could ever possess. If we win this victory, we win all others. We thank you for supporting education for liberty, and for being part of the revolutionary vanguard that sees through the errors of our day and imagines a brighter future of freedom, private property, and peace. : Mises Institute
PS3 and Xbox 360 Questions.... Will this be the end for both console? PS3 has dipped in it's sales ever since it's release in 2006. Sony has sacrifice millions of dollars in release of the PS3. Even now with PS3 climbing up the chart at 33.5 million units sold, they are still losing about 8.00 a console. I'm wondering would this be the end of the PS3? I know we won't see a PS4 for a very long time because of Sony's financial crysis, not just for PS3 but their electronic marketing sales. How many of yuou believe that PS3 will come back up and make a new console? Give me the best educated explination why PS4 would come out and when. Xbox on the other hand has had downturns also. Eventually they made a success in sales due to the price drop in 2008. Their sales went up 33% nationwide. They also sold 39 million units today and have over 25 million gold subscribers. Since they charge for gold membership they have had a success in their console sales. What I understand from Microsoft is that they never build to last (which explains the xbox) because Microsoft has a motto of coming out with newer softwars & hardwares all the time. Windows 95,98,2000,XP,Vista, Win 7 etc... I even heard the new Xbox 380 was in progress. Is it true? Do you think that Xbox will really outlive Sony Playstation or will xbox eventually die out?
Legal recourse against Chrysler for selling wrong warranty? Hi. I'm fuming right now but I'll try to make this as short and simple as possible: -I wanted to buy a Hyundai because of the 5 year bumber to bumper warranty. -A friend suggested that ANY new car could be extended to 5 years, just use that as part of the negotiation. -We went to Chrysler and used the warranty as our negotiated point for a newsed Jeep. -We paid the asking price, under the condition that we got a 60k mile extended bumber to bumber because we knew the Cherokee would be unreliable. -They agreed and gave us the warranty. -There was no documentation on an websites or any documentation on the specifics of the warrranty. Chrysler themselves told me the terms. -The sales people, the finance person all said it was a FULL bumber to bumber warranty. -Finance person "what you have is FULL warranty. Absolutely everythning is covered under the Gold extended warranty. There's nothing left to sell you" -Yesterday at another Chrysler daeler for warranty work "the warranty you have is Gold 120k, but it's a 952 code which means drivetrain only" So basically 6 months has passed and now I find I got screwed by another Chysler dealer. I have no warranty agreement, no details of the warranty, there no website that lists the warranty terms. All I had was a Chrysler dealer telling me that were were getting full bumber to bumber. They had a laminated chart showing the different plans but that's it. I verified over and over again that it was the FULL bumber to bumber warranty. Wen't into details about power windows, etc. etc. Now I basically find I have another year left of full coverage and don't know what my legal recourses are. I'm willing to take this to small claims court but don't want to persue it if I wont win. I live in Canada and judges here typically defend the guilty so our judges lean to that direction. What do you guys recommend? I did not recieve any warranty fine print or anything along those lines. I have no warranty documents or anything that goes into the specifics of the warranty. I do have a whitness (my wife) that was with me when we bought the Jeep. 90% of our discussions where about what the warranty covered and what I did not. We're not imagining this trust me. We were told we were buying a full bumper to bumper warranty (excluding wear and tear of course)
I want to understand how to study the performance of various sectors in the economy.? You may answer any part of this question, thank you I would like economic statistics of the indices given below in a tabular form so that I can make charts on them. What I want is links to daily weekly monthly or quarterly data ( absolute numbers, or percentages or increase decrease over earlier periods ) from 2003 ( or even a lesser period ) Even if there is no historical data available I would like some links from where I can get these numbers starting now. India mainly & USA / International where applicable INDICES to study the SALES / PRODUCTION / ORDERS / PRICE of drugs, formulations, bulk, other chemicals, detergents, dyes, pesticides, soda ash fertilizers, leather, Lpg, petroleum products - LAB prices, hdpe ldpe lldpe, Packing, Plastics, Crude, Brent , Natural Gas, Aviation Turbine Fuel, Oil Drilling, Refineries, Auto - 2wheelers, commercial, passenger, tractors auto ancillaries – & bearings, castings, fasteners, tyres Food Products, tea, sugar, breweries, cigarettes, oils, FMCG solvent extracts, starch, consumer staples, durables, non durables, utilities domestic and electrical appliances shipping – like Baltic Freight Index Hotels, Real Estate, construction, civil, government orders Paper and Pulp, Newsprint Price , Rubber Cables, wires, telecommunications Electrical equipment, components, Capital Goods, Heavy engineering, turnkey services, Pumps, refractories, transmission Towers Power, utilities, transmission and Distributers, Equipment Suppliers etc Metals - ( Londin Metal Exchange ) Copper, Aluminium , Zinc, tin, Steel Sheets, Hot and Cold Rolled Coils, flats, rods, Pig Iron, Iron ore gold, silver other precious metals Cement – Despatches nos, price in NSEW, ceramics, asbestos Entertaintment industry, broadcast, multiplexes, print, media, cable Information and Technology, Hardare, Software, BPO, Textiles of all types
Can you help me with some / any of these economic Indices / Statistics please ? Not All, Any will do? I would like economic statistics of the indices given below in a tabular form so that I can make charts on them. What I want is links to daily weekly monthly or quarterly data ( absolute numbers, or percentages or increase decrease over earlier periods ) from 2003 ( or even a lesser period ) Even if there is no historical data available I would like some links from where I can get these numbers starting now. First point – I am Indian, so I am interested in data of India and USA, next all important world indices like Japan, Europe, China, S Korea. Another point – the indices are listed randomly, in no particular order, ignore any indice that does not make sense, – I may have made a mistake ISM non manufacturing index Purchase managers Index Durable Goods orders ( this is a proxy for business inventory ) IMS Manufacturing data Producer Prices Retail sales Factory Orders US Factory activity Factory and home sales sales of new homes sales of existing homes Nationwide House Prices Supply Demand Gap Japanese Industrial production Total Vehicle Sales Consumer confidence index Current situation index Futures expectation component index Employment confidence index Consumer spending index Euro Zone Economic sentiment Supply manufacturing factory index …. unemployment rate non farm payroll citizen unemployment US workers cut Eurozone unemployment Initial Jobless Claims US Continuing Claims US Challenger Job Cuts WORLD INDICES nasdaq dow nikkei hangseng shanghai msci world index msci india index msci em index msci ac pacafic index Nomura's Composite leading index Growth and GDP Wholesale Price Index Consumer Price Index Inflation figure - consolidated Inflation figure - food fy09 provisional average inflation new car sales industrial production Index of Industrial Production - Consolidated Index of Industrial Production - Mining Index of Industrial Production - manufacturing Index of Industrial Production - electricity 10 year bond yield 10 years gilt 10 year g sec yield 1 year g sec yield 91 day Treasury Bills Libor - us uk eur Mibor Fiscal stimulus ( % of GDP ) Credit Supply Federal Funds Rate Money Supply MS1 MS2 MS3 Government Purchases RBI / FED Policy Rate BANK RATE REPO Reverse Repo CRR SLR Agricultural Credit ECB Interest Rates Corporate Earnings growth Construction spending MBA Mortgage Applications EPFR ( this tracks funds flows ) Indicator of NPL Net Performing Assets ( NPA ) Sub BPLR loan Bank purchasing manufacturers index ( the above is a key barometer from 500 cos) US Fed Rate ECB rate Consumer credit India specific (& USA / International where applicable ) Swap Rates Dollar and Other Currencies fiscal deficit imports & exports - % & absolute & yoy oil & non oil import bill net outflow, inflow Overall / quarter balance of payment Defecit Fiscal BOP defecit Current A/c defecit Merchandise trade def Trade def numbers Capital account defecit total reserves Foreign current assets Gold SDR Reserves in IMF External debt FII, DII inflows Mutual Funds
Can N E 1 Pleaz Correct My Essay!!!!! I DNT KNO WHERE 2 START!!!? Here's my essay. My teacher said "chunk out about 1/3 of the info and correctly cite the rest" and "put it all in the required format" I dont kno wat format she is talking about. Michael Jordan was the greatest and most well-known professional basketball player world-wide but as a true admirer have you ever concentrated on the shoes he wear as he plays a championship winning game? Does the sneakers he wear aid him in his amazing dunks or are they as regular as the shoes you wear on a everyday basis? Many may believe the shoes assist the player in portraying his or her talents while playing the game of basketball. It is believe certain sneakers help players maintain grip on a slippery court while others are comfortable and durable throughout many games. Individuals have different opinions on what is an important characteristic for a sneaker to possess to aid the basketball players to playing a championship winning game as well as exemplifying each player’s talents. The shoe industry has expanded over a century of years as well as raised prices to promote different products that will satisfy every individuals needs in a basketball shoe. In the year of 1891, Dr. James Naismith invented the game of basketball which was played with soccer balls and peach baskets. A year later, the first basketball shoes designed by George Watkinson were made by Colchester Rubber Company with five inch high tops, soles patterned with turkey feather and hardened with gum rubber, brown heavy duck fabric that covers the upper surface of the foot, and the company‘s signature symbol, but coincidentally the rubber company was located fifty miles from where Naismith also developed the initial thirteen rules of basketball. The shoes were made in two styles high tops, used by players for ankle support while low tops were used for comfortable ease. The limited variety types of basketball shoes could not aid basketball players significantly in the many areas needed, such as traction, durability, comfort to succeed and exemplify their finest talents and appearance throughout the entirety of a game. Twenty-five years later, Converse launched its “All Stars” in natural brown colors and trimmed in black as its first basketball shoe since the sport of basketball was becoming so popular. Years later in the 1920’s, the Converse Rubber Corporation began producing the sneakers in black fabrics and leather styles. Many believed “All Star was to be the first mass produced basketball shoe in North America” (chucksconnection.com), but sales moved slowly at the start of production until Chuck Taylor joined the Converse sales distribution which caused sales to rapidly increase. Taylor’s success in promoting the shoe and assisting in making significant changes to the “All Stars”, Converse added his name to the ankle patch and renamed the sneaker to Converse “Chuck Taylor” All Stars during the year of 1932. Converse began expanding the styles of the Chuck Taylor All Stars and began producing all white version of the shoes as while as the original black sneakers, which basketball players began wearing either the black or new white style and also dying the sneakers to match the color of their uniforms “sending sales off the charts” (hoopsvibe.com). The all white version of the sneakers assisted the United States basketball team to earning the Gold medal during the first game of basketball played at the Olympics in 1936 where the entire team wore Converse All Stars. The team remained wearing the sneakers throughout every game played during the Olympics and won the gold medal every time up to 1968. Over the years of the 1930’s to the 1950’s almost every high school, college, and professional college basketball player male and female were “Chucks“. A decade later in the 1960’s team colors was produced to match basketball players’ uniforms. Thirty-four years later, almost every basketball player world-wide were dressed in a pair of All Stars making Converse dominant eighty percent of the sneaker industry. As the years past many well-known professional basketball players wore “Chucks” such as Pete Mavarich, Wilt Chamberlain, Magic Johnson, and Julius Erving. The All Stars were worn by more leading professional basketball teams than any other sneaker in the market for fifty years. Converse “Chuck Taylor” All Stars listed the following reasons their shoe was better than any other basketball shoe: Lightweight for speed. Foot Form Last for fit, comfort and support. Shock absorbing full length sponge insole and arch cushion. “Peg-top” upper on high shoe gives extra support without binding ankle. Oxford features the new angle-cut high front quarter design for snug instep support. Loose lined and ventilated army duck uppers for cool comfort. Under-stitched web tape backstay for extra strength. Rugged protective toe guard. Permanent-set eyelets. Double sole binding for flexible strength. N
How serious do you think the talk at the UN and in China of a new world currency? http://www.cbsnews.com/blogs/2009/09/09/taking_liberties/entry5298305.shtml The United Nations would like the dollar, euro, yen, and other national currencies to be succeeded by a new "global currency." That recommendation appears in a U.N. report released this week, which suggests the dollar's outsize role in international finance has ended -- and says that it's time to invent a successor currency that would be managed by a "Global Reserve Bank." Countries could "agree to exchange their own currencies for the new currency, so that the global currency would be backed by a basket of currencies of all the members," says the 218-page report from the U.N. Conference on Trade and Development. Keep in mind that this is a U.N. report written by bureaucrats without any actual legal ability to create the global equivalent of the Federal Reserve. Anyone who remembers how a U.N. agency once called for a global e-mail tax of one cent per 100 e-mail messages -- but didn't exactly get it -- can attest to that. The U.N. report grew out of the financial problems that swept the world in the last year or two, which it diagnoses as arising from too much speculation in commodity markets, a bubble in stock markets and housing markets, and trade imbalances between countries like China and the United States. Its prescription? "More stringent financial regulation" and "diversification away from dollars" as part of a new system of constant exchange rates. (Supachai Panitchpakdi, UNCTAD's secretary-general, also wants "vigorous" global actions, including "managing" energy prices through taxes, to dramatically cut greenhouse gas emissions.) The diversification-away-from-dollars idea is a close cousin to what the Chinese government has been saying recently. China, of course, can now claim the dubious honor of being the largest foreign holder of U.S. Treasurys worth a total of $776.4 billion as of June 2009. According to a U.S. government report from 2007, China was the top foreign owner of Freddie and Fannie bonds too. One aspect of the U.N. report that stands out is that, in all of its 218 pages of analysis and charts, it doesn't seriously contemplate a new currency that's based on something other than paper money, which can be devalued as fast as governments can run their printing presses or add zeros to their banknotes. The two classic options are gold and silver -- which are resistant to governmental inflationary urges -- though I prefer economist David Friedman's suggestion of a bundle of commodities. Then again, returning to money that's backed by something tangible may not require the ongoing services of an entire U.N. bureaucracy. Sorry I meant--How serious do you think the talk at the UN and in China of a new world currency IS?
Is it a coincidence that the abolition of the gold standard led to the rampant inflation of recent decades? http://oregonstate.edu/cla/polisci/faculty-research/sahr/sumprice.pdf Look at this chart of price levels from the 1600s to the present. Prior to World War II, there were a few periods of inflation (the Revolutionary War, War of 1812, Civil War, World War I), but each time the price level adjusted back to the historical norm. However, once FDR abolished the gold standard for American citizens (and outlawed private ownership of gold; investing in gold only became legal around 1970), the process of inflation began. Once the last vestiges of the gold standard were abolished by Nixon in 1971, prices basically quadrupled over the next 3 decades and have continued to rise. One silver lining of the current depression has been that we had a few quarters of price deflation (although not monetary deflation) for the first time in the lifetimes of most Americans. However, prices have already begun to rise once again, as the Federal Reserve has stepped into action with an unprecedented rate of monetary inflation. It seems that we are going to go from a deflationary recession into an inflationary depression far worse than the inflationary depression of the 1970s and early 1980s (of course, the "mainstream" of economics has never been able to explain inflationary depressions or inflationary recessions, but that has yet to convince them to abandon their false theories and look for an alternative theory of economics which actually explains the real world rather than just contrived justifications for policies governments want to pursue anyways).
Can you help me with some / any of these economic Indices / Statistics please ? I would like economic statistics of the indices given below in a tabular form so that I can make charts on them. What I want is links to daily weekly monthly or quarterly data ( absolute numbers, or percentages or increase decrease over earlier periods ) from 2003 ( or even a lesser period ) Even if there is no historical data available I would like some links from where I can get these numbers starting now. First point – I am Indian, so I am interested in data of India and USA, next all important world indices like Japan, Europe, China, S Korea. Another point – the indices are listed randomly, in no particular order, ignore any indice that does not make sense, – I may have made a mistake ISM non manufacturing index Purchase managers Index Durable Goods orders ( this is a proxy for business inventory ) IMS Manufacturing data Producer Prices Retail sales Factory Orders US Factory activity Factory and home sales sales of new homes sales of existing homes Nationwide House Prices Supply Demand Gap Japanese Industrial production Total Vehicle Sales Consumer confidence index Current situation index Futures expectation component index Employment confidence index Consumer spending index Euro Zone Economic sentiment Supply manufacturing factory index …. unemployment rate non farm payroll citizen unemployment US workers cut Eurozone unemployment Initial Jobless Claims US Continuing Claims US Challenger Job Cuts WORLD INDICES nasdaq dow nikkei hangseng shanghai msci world index msci india index msci em index msci ac pacafic index Nomura's Composite leading index Growth and GDP Wholesale Price Index Consumer Price Index Inflation figure - consolidated Inflation figure - food fy09 provisional average inflation new car sales industrial production Index of Industrial Production - Consolidated Index of Industrial Production - Mining Index of Industrial Production - manufacturing Index of Industrial Production - electricity 10 year bond yield 10 years gilt 10 year g sec yield 1 year g sec yield 91 day Treasury Bills Libor - us uk eur Mibor Fiscal stimulus ( % of GDP ) Credit Supply Federal Funds Rate Money Supply MS1 MS2 MS3 Government Purchases RBI / FED Policy Rate BANK RATE REPO Reverse Repo CRR SLR Agricultural Credit ECB Interest Rates Corporate Earnings growth Construction spending MBA Mortgage Applications EPFR ( this tracks funds flows ) Indicator of NPL Net Performing Assets ( NPA ) Sub BPLR loan Bank purchasing manufacturers index ( the above is a key barometer from 500 cos) US Fed Rate ECB rate Consumer credit India specific (& USA / International where applicable ) Swap Rates Dollar and Other Currencies fiscal deficit imports & exports - % & absolute & yoy oil & non oil import bill net outflow, inflow Overall / quarter balance of payment Defecit Fiscal BOP defecit Current A/c defecit Merchandise trade def Trade def numbers Capital account defecit total reserves Foreign current assets Gold SDR Reserves in IMF External debt FII, DII inflows Mutual Funds
Are there any websites that show the gold price history in Chinese Yuan? I'm looking for a gold chart a bit like this one: http://www.galmarley.com/Chart_pages/embed_chart_large.htm But one that shows the price history in Chinese Yuan (CNY). Anyone got any suggestions? I can't find what I've asked for in either of the links in the two answers so far. It needs to show the history (a chart), not the current price, and preferably over varying time ranges, and it's vital that it shows it in Yuan. Check out the link above to see what I mean. You can enter any old email address to get the full features, it doesn't need to be your own, and it doesn't email you or ask you to click on a link.
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