Let’s be civil. The Flathead Beacon encourages vigorous discussion and lively debate, but we will delete comments that attack other readers, make accusations we can’t verify, stray too far off topic, criticize local businesses (call them if you have a problem), convict someone of a crime, use profanity or are simply judged to be in bad taste. We don’t always have someone moderating comments, so we ask for your help: If you see a comment that violates these ground rules, or you simply deem it offensive, please e-mail editor [at] flatheadbeacon.com. The views expressed in the comments section do not reflect those of the Beacon.
By JD on 05-30-08
No kidding. I was once given some advice, it went: “Work hard. And work smart.“
Simple.
“A penny saved is a penny earned.“
America had better wise up pretty quick. This incredible wastefulness is costing us big time. Most of it can’t be fixed, it’s too late.
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By Dave Skinner on 05-31-08
Ah, grasshopper, you have been exposed to MARKETING. There are many evil secrets to retail positioning of store items, packaging et cetera.
Wally Mart was able to hammer on General Mills because they had the leverage to do so. The extra cardboard, and the extra tare, was “free” to General Mills with the cost kicked up the food chain to the retailing and shipping end.
Don’t think the end product costs the end consumer any less, however.
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By JB on 05-31-08
Wal-Mart has always been a leader for one simple reason - they do everything to keep prices low for the consumer, using not only their deep pockets to keep their suppliers in line, but also innovation - like being the one of the first to use RFID technology for inventory control. Bottom line - it keeps them at the number 1 spot in retail sales. Many American families shop there because it only makes good financial sense for them to do so.
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By Citizen on 06-01-08
Hey JD, your statement, “A penny saved is a penny earned” is partly true. However, a penny saved today, if made in 1982 and earlier is 2.42 cents earned (at todays copper prices). Earlier this month a penny was worth 2.65 cents. That is a 265% increase in value! Astounding isn’t it? http://www.coinflation.com/coins/1909-1982-Lincoln-Cent-Penny-Value.html
This is further evidence of the weakening US dollar and rise of commodity prices which broadcast the fact that the worlds once reserve currency (dollar) is ever weakening do to the assaults upon it by the federal reserve and US governments monetary policies of deficit spending. Yes the economy is weakening and continues to weaken. The trend unfortunately, accordging to leading economic experts outside the US, is expected to continue at an alarming rate. Americans will soon awaken to a new standard of living. A standard of living where oil is not cheap, food is cherished, and community is the key. SUVs will be a dinosaur, a relic of a time when America ruled the earth and consumed 80% of earths resources and wealth. Perhaps the waistline of the fat americans will shrink with some sobering hunger pains. The US hedgemony over resources and global economics is coming to an end. Those prepared for the “sea change”, as economist professor Antal E. Fekete eloquently puts it, will no doubt be better off than those who continue to spend themselves into debt and believe that this time of bread and circuses will last forever. Reality has a tendency to rear its ugly head. No matter what your political views are, or your religious views, it is imperative that you educate yourself soon on the economic reality that faces america. Research material that is not in the mainstream, corporate controlled media outlets. Read economists on financialsense.com. Read some of the blogs on silverbearcafe.com. Visit the Ludwig Von Mises web page under mises.org. This school of economics will assist you in understanding the harsh reality that is descending on a once industry rich and prosperous land. Ask yourself, these questions and find the answers at the above sites.
“Where is all of americas industry?“
“Where is the steel industry?“
“What is a trade deficit?“
“How does money supply affect inflation?“
“What is inflation and how am I affected?“
“Why has oil hit $135 a barrel, from $29 a barrel several years ago?“
“Has the dollar really lost 60% of its purchasing power in the last 5 years?“
Please visit professorfekete.com for articles written by perhaps THE leading economist of our time. A man respected by many world leaders, yet his words are heeded by few, unfortunately. Prepare yourself.
Argentum et aurum comparenda sunt!
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Let’s be civil. The Flathead Beacon encourages vigorous discussion and lively debate, but we will delete comments that attack other readers, make accusations we can’t verify, stray too far off topic, criticize local businesses (call them if you have a problem), convict someone of a crime, use profanity or are simply judged to be in bad taste. We don’t always have someone moderating comments, so we ask for your help: If you see a comment that violates these ground rules, or you simply deem it offensive, please e-mail editor [at] flatheadbeacon.com. The views expressed in the comments section do not reflect those of the Beacon.
By JD on 05-30-08
No kidding. I was once given some advice, it went: “Work hard. And work smart.“
Simple.
“A penny saved is a penny earned.“
America had better wise up pretty quick. This incredible wastefulness is costing us big time. Most of it can’t be fixed, it’s too late.
By Dave Skinner on 05-31-08
Ah, grasshopper, you have been exposed to MARKETING. There are many evil secrets to retail positioning of store items, packaging et cetera.
Wally Mart was able to hammer on General Mills because they had the leverage to do so. The extra cardboard, and the extra tare, was “free” to General Mills with the cost kicked up the food chain to the retailing and shipping end.
Don’t think the end product costs the end consumer any less, however.
By JB on 05-31-08
Wal-Mart has always been a leader for one simple reason - they do everything to keep prices low for the consumer, using not only their deep pockets to keep their suppliers in line, but also innovation - like being the one of the first to use RFID technology for inventory control. Bottom line - it keeps them at the number 1 spot in retail sales. Many American families shop there because it only makes good financial sense for them to do so.
By Citizen on 06-01-08
Hey JD, your statement, “A penny saved is a penny earned” is partly true. However, a penny saved today, if made in 1982 and earlier is 2.42 cents earned (at todays copper prices). Earlier this month a penny was worth 2.65 cents. That is a 265% increase in value! Astounding isn’t it? http://www.coinflation.com/coins/1909-1982-Lincoln-Cent-Penny-Value.html
This is further evidence of the weakening US dollar and rise of commodity prices which broadcast the fact that the worlds once reserve currency (dollar) is ever weakening do to the assaults upon it by the federal reserve and US governments monetary policies of deficit spending. Yes the economy is weakening and continues to weaken. The trend unfortunately, accordging to leading economic experts outside the US, is expected to continue at an alarming rate. Americans will soon awaken to a new standard of living. A standard of living where oil is not cheap, food is cherished, and community is the key. SUVs will be a dinosaur, a relic of a time when America ruled the earth and consumed 80% of earths resources and wealth. Perhaps the waistline of the fat americans will shrink with some sobering hunger pains. The US hedgemony over resources and global economics is coming to an end. Those prepared for the “sea change”, as economist professor Antal E. Fekete eloquently puts it, will no doubt be better off than those who continue to spend themselves into debt and believe that this time of bread and circuses will last forever. Reality has a tendency to rear its ugly head. No matter what your political views are, or your religious views, it is imperative that you educate yourself soon on the economic reality that faces america. Research material that is not in the mainstream, corporate controlled media outlets. Read economists on financialsense.com. Read some of the blogs on silverbearcafe.com. Visit the Ludwig Von Mises web page under mises.org. This school of economics will assist you in understanding the harsh reality that is descending on a once industry rich and prosperous land. Ask yourself, these questions and find the answers at the above sites.
“Where is all of americas industry?“
“Where is the steel industry?“
“What is a trade deficit?“
“How does money supply affect inflation?“
“What is inflation and how am I affected?“
“Why has oil hit $135 a barrel, from $29 a barrel several years ago?“
“Has the dollar really lost 60% of its purchasing power in the last 5 years?“
Please visit professorfekete.com for articles written by perhaps THE leading economist of our time. A man respected by many world leaders, yet his words are heeded by few, unfortunately. Prepare yourself.
Argentum et aurum comparenda sunt!