MaDalton

you are not that super smart, are you?


and btw: 50

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just a punk

This is a good news. Thanks for making it clear.

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teomaxxx

the fact is, there is no inflation in the US

And of course, on the statistics, people don’t understand the way government statistics work . And most people will concede that politicians lie. They lie to get elected – everybody knows that – they say what they have to say, so I don’t know why people assume that once they get elected they stop lying. I mean that’s all they do. Once you get elected your job is to stay in office. And the way politicians stay in office, is to present a rosy scenario. And so what these guys do is they constantly change the way that economic statistics are calculated so that they can give a better result; so the politicians can point up to these dumbed up statistics as evidence that things have gotten better while they have been in office.

eg.

So they constantly change and redefine how things are measured. So the unemployment rate, for example, today, is calculated far differently than it was in the past; if they calculated unemployment during the Great Depression the way we do it now, they would probably have had very little unemployment then either They calculate GDP differently. There are a lot of things calculated as part of GNP that 5 years ago, 10 years ago, 20 years ago would not have been counted. Everything has changed, so when they compare a number today to one 20 years ago, it’s completely irrelevant comparisons because they’re not doing it the same way.

and its same with inflation statistics.

Lenny, you are tool, if you belive in what goverment tell you.

Bro Media - BANNED FOR LIFE

not really

im just getting sick of seeing 1351135 threads on the front page about how people USED to make like $160 of $100 USD and now they don't and are complaining about it...

Snake Doctor

Gee yes you must be right.

I'm sure that all of the investment bankers, heads of the central banks, and venture capitalists have all been suckered by the government (just like me) making up economic statistics to make elected officials look better.

If the government really made up statistics as it went along then Clinton never would have been president, because there wouldn't have been a recession when he was running.
Come to think of it Reagan wouldn't have been president either, because President Carter could have just hidden the stagflation problems we were having.

Let me guess, you're hoarding gold and waiting for the apocalypse and you believe 9/11 was a controlled demolition performed by U.S. black ops?

MaDalton

well, my assumption starts at the fact that "$" is not a general symbol for money

(either $ or ? - your choice)

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GreyWolf

Did you type that in one second without ever engaging your brain???

(a) There is no need to exclude any nation as a client - just charge em more for their weak currency value.

(b) Why anyone should have to move to a failing economic disaster area to do business is illogical.

(c) Is there any western country who was "cashing in on our money because it was higher then yours"????

It's not about other countries - the problem is with US currency values, but that's your problem - get over it

georgeyw

eh?

Might want to rethink that one.

EG

Along time ago but not as long as it seems
1 USD = 1.50 AUD

Today
1USD = 1.16

Get it?

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CE_Rashaan

Thats exactly why we need a chick for President...She can balance a check book..

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Axeman

I get it just fine. Most people earn in US$ so the cost of US produced content is still exactly the same. His premise was that US produced content should be cheaper now. And that is not true unless your earning your income in Euros, Canadian dollars, Australian dollars etc. But most in this industry bill and get paid in US$.

Get it?

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MaDalton

as i said: the shop will stay in USD and only the exclusive content will be calculated in euro. which currency you use to pay i don't care in the end, my account is in czech crowns and everything will be converted anyways

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da man

too late., you should have stopped in 2001

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DamageX

Supply and demand. Thread closed.

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KMBucks

It's not just that the USD is low, but also because the EUR is high. However if you look across the currency markets today, you'll find that the USD is at all time low towards majority of all foreign currencies.

This in it self brings an opportunity, since the porn market is USD driven by majority we should embrace it and market to non-USD dependent markets that 'its cheaper to buy porn today because the USD is low' -- just an idea.

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teg0

sounds kind of like a smart move.

Paul

Or instead of bitching, all euro and UK webmasters should bill their customers in Euros or Pounds.

Charge lets say, umm £20 per month instead of $30

Then just hope your chargeback ratio doesn't go over the 1%

Then there will be no need to bitch anymore All your expenses will be in $s which means you'll actually start seeing the benefits of the low dollar

teomaxxx

if everything was as good as your goverment paints, the gold wouldnt rise to 730, 3x fold just in few years. thats reality.

by the way: "the only statistics you can trust are those you falsified yourself" Winston Churchill

and by the way, here is a repost from shadowstats.com about changing of statistics:

".....Williams says that regarding ?what used to be called the GNP but is now widely followed as the GDP, (and) the CPI, and the employment numbers, all have had biases built into them that result in overstating economic growth and understating inflation - - both of which are admirable political goals."

Williams has analyzed and compared the way in which the unemployment figure was historically calculated versus the way it is calculated today. He concluded that if it ?were calculated (today) the way it was during the Great Depression, it is now running at about 12%." As well, he says, "Real CPI is now running at about 8%. And the real GDP is probably in contraction." Clearly, the government?s methodologies that generated these bogus numbers are all designed to paint a more favorable picture of the economy and the markets than is the reality

He explains why contemporary unemployment numbers are bogus. Today, the unemployment number does not include those unemployed who have been discouraged and out of work for more than a year. So they are taken out of the work force completely automatically. This results in knocking about 5 million unemployed out of the broader measures of unemployment.

Thus, unemployment is about 50% higher than is commonly alleged. And thus, "Today unemployment is really up around 12%."

These distortions have very real, and usually adverse, consequences for citizens. Consider, Williams says, the methodology developed several years ago by Mike Boskin and Alan Greenspan for generating the Consumer Price Index. In their (erroneous in Williams' and Deepcaster's) view the CPI was supposedly overstating inflation so they "fixed" it from its prior condition of (allegedly) overstating inflation.

And here is how they did it:

Originally, the whole purpose of the CPI was to "measure the change in the cost of a fixed basket of goods over time." But Boskin and Greenspan said that we should allow for substitution because people can buy hamburger when the price of steak goes up.

But, of course, "if you allow substitutions you aren't measuring a constant standard of living, you're measuring the cost of survival." Williams correctly concludes.

But the effect of this statistical chicanery is very real and very adverse to, for example, retirees because the CPI was, and is, being used to adjust Social Security payments to compensate for increases in the cost of living.

Today, as a result of the Boskin-Greenspan "fix," it understates those increases and therefore under-compensates retirees for those costs.

In a similar manipulatory vein, the Bureau of Labor Statistics (BLS) during the Clinton Administration constructed and began to employ a weighting regimen whereby if the price of something went up it automatically got a lower weight in calculating the CPI, but if it went down in price it automatically got a higher weight. The result, of course, was, and still is, to further shaft those people (like Social Security recipients) whose income was dependent upon the CPI measure.

"If the same CPI were used today as it was used when Jimmy Carter was President, Social Security checks would be 70% higher," Williams dramatically emphasizes.

But perhaps the most outrageous aspect of the government's numbers-manufacturing business has to do with its using "hedonic pricing." ("Hedonics" is the study of how to create pleasurable sensations.) Hedonic pricing is the practice of creating pleasant (to the government manipulators and to a credulous public) pricing.

Using its hedonic method, the BLS says the price really doesn't go up for a product that has "improved" in quality because the consumer is getting greater benefit or pleasure from it. Therefore, if computer power increases by a factor of 10, but the sticker price of computers has only increased by a factor of 2, then the hedonically adjusted price would be much lower for CPI calculation purposes even though the computer is actually twice as expensive (in dollars actually paid) as it was years earlier.

Williams also notes that sometimes data manipulation attempts are overt, such as the time during the administration of George Bush I, in which a computer industry official was approached and asked to boost his sales reports to the Bureau of Economic Analysis. Williams is careful to point out that manipulation is a bipartisan phenomenon.

In the Clinton Administration, the manipulation resulted from the CPI numbers being re-set using weighting. "They basically reduced the number of people being surveyed in the inner cities (which had more unemployment (Ed.)) and then claimed they replaced them statistically. But the effect was immediate. You saw a drop in all the unemployment measures that would normally be influenced by inner-city surveying. Thus, of course, the statistical replacement reflected a lot less unemployment than actually existed."

The adverse effect of this "numbers manufacturing" extends far beyond its adverse affects on any particular group such as retirees. If someone relies on these buggy statistics and invests in the stock market based on happy economic reports, they may well lose the money because of that reliance. Williams says "I am?disgusted by both parties at this point, especially because we have no one of substance taking on very severe issues, like the trade deficit and federal deficit that are going to create terrible times for people in this country if they are not addressed."

Williams focuses on what he considers, and what Deepcaster considers, "so dangerous that if it isn't addressed - - and I am afraid maybe that even if it is addressed - - that it has gone past hope of repair; and that is the fiscal condition of the Federal Government."

Typical statements of the budgetary condition of the government (by whatever administration is in power) do not include accrued pension and retiree benefit liabilities. Certainly this is not a small omission - - and usually results in differences between the official numbers and the real numbers.

Williams notes "where the official federal deficit in 2004 was reported at about $412 billion and the GAAP-based deficit was around $616 billion they said that if you added the net present valuing of the under-funding of Social Security and Medicare, the one-year deficit in 2004 was $11.1 trillion."

Of course, foreigners are financing most of this deficit spending. Williams notes that last year alone, foreign investors bought enough federal debt to cover all the debt issuance of the U.S. Treasury. But we have no assurance that this will continue. Indeed, once this foreign buying even begins to slow, U.S. interest rates must rise to finance our debt, the interest costs on which are already running at nearly $3 billion per day.


Finally, Williams talks about where we are today. Indeed, he says we are already in a recession. "What I found is that if you adjust the real GDP numbers that the government releases for the myriad revisions and redefinitions?you'll find that there is a happy overstatement of growth of about 3% on a year-over-year basis." The problem very simply is this - - the consumer is the primary driving force behind economic activity and the only ways that consumers can fuel consumption growth are through rising income, debt extension, or savings liquidation, that's where he gets his cash.

But the consumer is not really seeing any income growth. ?Now this is where the playing around with numbers really gets good.? We've already talked about hedonics and all the other manipulations of the CPI. But they all pale next to the impact of imputations in the GDP that are an outgrowth of the theoretical structure of the national income accounts.

?Any benefit a person receives has an imputed component?when the government puts all of it's imputations into income, its growth generally remains positive and has very little relation to reality."

[/B][/QUOTE]

teomaxxx

"Brent oil prices have risen from an average of $19.42/bbl in January 2002 to $71.05/bbl last month. In euros, however, they have only risen from €22/bbl to €52.96/bbl over the same period. That’s a rise of 266% in dollar terms, but only 141% in euro terms "

of course there is no inflation problems, when CPI doesnt involve energy costs.

current price of oil is around $80/bbl, thats around 300% increase in dollar terms, yet there is still low inflation
if you belive in "low inflation", its your problem....

peterk

The most costumers are from US so deal with it

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Snake Doctor

I knew you were dumb, but I didn't realize the depth of your stupidity.

Gold has gone up in value substantially over the past few years.....but that's only because it went through a 20 year period where it didn't go up at all.
Gold was $800/oz in 1980 you dipshit....then the bottom fell out....it stayed bottomed for two decades, and then recently made a comeback.

Since gold has finally recovered that means something is wrong with the U.S. economy?

Then, you say that all statistics are basically meaningless, and then go on to post 8 paragraphs of statistics to back up your claims.

Like I said, I knew you were dumb, I just didn't realize the depth of your stupidity.

teomaxxx

"Gold go up only because it stayed flat for 20 years"
What a smart analyst
Thats stupidest thing I have ever heard about current price of gold.

The price of gold went up in dollar terms, mainly becuase of inflationary conditions, devaluation of dollar and high M3 growth, which US stopped to publish. There are only two countries in the world who dont publish M3, hyperinflationary Zimbabwe and US. Imagine why.
If everything was ok, gold price would stay flat.

and by the way, as it seems that you still didnt get it:
"the only statistics you can trust are those you falsified yourself"
Winston Churchill

now you can call me "idiot" once again, it will help to get your facts together