Metalworking (rec.crafts.metalworking) Discuss various aspects of working with metal, such as machining, welding, metal joining, screwing, casting, hardening/tempering, blacksmithing/forging, spinning and hammer work, sheet metal work.

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Default American Personal Wealth Down 40% In Last 5 Years - Why AreRight Wing Americans So Lazy And AntiCapitalist?

On Saturday, December 28, 2013 10:56:57 AM UTC-5, Lee Westwood wrote:

I see that you are ashamed of your post and want it removed in six days. Well I would be ashamed of posting off topic stuff in Rec.Crafts.Metalworking. and never posting anything on topic.

And then you post lies because the housing market is up and the stock market is up, and yet you say personal wealth is down 40 % in the last five years. Since my personal wealth is up over the last five years , I can not take you seriously.

So what metalworking bave you been doing? I have done almost zip myself. I did drill a hole thru a disk that has abrasive on it so I could quickly put it on a drillpress. That and trying to lap some stainless disks so that they are really smooth and flat. So I can show my grandchildren how blocks will wring together.

Which reminds me. Does anyone know what places that do granite counter tops use for polishing? They must buy it in quantity and might resell some. I have several thing that could use a little polishing. Plastic headlight lenses for one.

Dan


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Default American Personal Wealth Down 40% In Last 5 Years - Why Are Right Wing Americans So Lazy And AntiCapitalist?

On Sat, 28 Dec 2013 10:10:46 -0800 (PST), "
wrote:

On Saturday, December 28, 2013 10:56:57 AM UTC-5, Lee Westwood wrote:

I see that you are ashamed of your post and want it removed in six days. Well I would be ashamed of posting off topic stuff in Rec.Crafts.Metalworking. and never posting anything on topic.

And then you post lies because the housing market is up and the stock market is up, and yet you say personal wealth is down 40 % in the last five years. Since my personal wealth is up over the last five years , I can not take you seriously.

So what metalworking bave you been doing? I have done almost zip myself. I did drill a hole thru a disk that has abrasive on it so I could quickly put it on a drillpress. That and trying to lap some stainless disks so that they are really smooth and flat. So I can show my grandchildren how blocks will wring together.

Which reminds me. Does anyone know what places that do granite counter tops use for polishing? They must buy it in quantity and might resell some. I have several thing that could use a little polishing. Plastic headlight lenses for one.

Dan


http://www.bea.gov/newsreleases/regi...13/spi1213.htm

State Personal Income: Third Quarter 2013

State personal income growth slowed slightly to 1.1 percent in the
third quarter of 2013, from 1.2 percent in the second quarter,
according to estimates released today by the U.S. Bureau of Economic
Analysis. Growth slowed in 25 states, accelerated in 22, and was
unchanged in 3 states and the District of Columbia. Growth across
states ranged from 0.4 percent in New Mexico to 1.9 percent in
Mississippi. The national price index for personal consumption
expenditures increased 0.5 percent in the third quarter after
remaining unchanged in the second quarter.

http://www.usinflationcalculator.com...at-2/10001202/

US Inflation Eases in July 2013, Yet Annual Inflation Rate at 2%
August 15, 2013 · Filed Under Inflation

Inflation in the US rose more modestly in July but ticked higher on a
12-month basis, the Labor Department reported Thursday, August 15,
2013.


Lets see...inflation rate of 2%..yet personal income growth was at
most....1.2%.....and you say we are doing better?

Blink blink.........blink.

Count your blessings that you are "doing well"

Most of America isnt so lucky.

Gunner

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Default American Personal Wealth Down 40% In Last 5 Years - Why AreRight Wing Americans So Lazy And AntiCapitalist?

On 2013-12-28, wrote:
On Saturday, December 28, 2013 10:56:57 AM UTC-5, Lee Westwood wrote:

I see that you are ashamed of your post and want it removed in six
days. Well I would be ashamed of posting off topic stuff in
Rec.Crafts.Metalworking. and never posting anything on topic.

And then you post lies because the housing market is up and the
stock market is up, and yet you say personal wealth is down 40 % in
the last five years. Since my personal wealth is up over the last
five years , I can not take you seriously.


Dan, it is not quite so simple.

It is not crazy to add up the value of your stocks and other assets to
calculate your "personal" wealth.

It is, however, almost crazy to think of a country's total wealth in
terms of how much its citizens are willing to pay for assets that they
trade with one another.

For illustration, imagine that the ony two people living in an
imaginary country is you and me. We both own shares in the only farm
and the only bakery.

We trade shares in both enterprises. I happen to be a moody person and
pester you with offers. Some days I offer you a lot for your shares,
and some days, when I am in a bad mood, very little.

Would you think that your wealth changes daily, based on my whims? I
think that as a smart person, you would not. Our combined wealth lies
in how much we can grow on a farm and bake in the bakery. You can, of
course, take advantage of my mood swings and in the end you will own a
greater share of these enterprises. But their total value is only
tangentially influenced by the prices I am quoting to you daily.

Same applies to a nation. Our total wealth, defined as ability to
produce goods and services, changes comparatively little since 2009.
But the markets have been on a wild ride.

So what metalworking bave you been doing?


cut a thumb with a drill press

i


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Default American Personal Wealth Down 40% In Last 5 Years - Why Are Right Wing Americans So Lazy And AntiCapitalist?

On Sat, 28 Dec 2013 16:04:36 -0800 (PST), "
wrote:

On Saturday, December 28, 2013 2:44:59 PM UTC-5, Ignoramus30024 wrote:
On 2013-12-28, wrote:

On Saturday, December 28, 2013 10:56:57 AM UTC-5, Lee Westwood wrote:




I see that you are ashamed of your post and want it removed in six


days. Well I would be ashamed of posting off topic stuff in


Rec.Crafts.Metalworking. and never posting anything on topic.




And then you post lies because the housing market is up and the


stock market is up, and yet you say personal wealth is down 40 % in


the last five years. Since my personal wealth is up over the last


five years , I can not take you seriously.




Dan, it is not quite so simple.





Same applies to a nation. Our total wealth, defined as ability to

produce goods and services, changes comparatively little since 2009.

But the markets have been on a wild ride.


i


I am not saying that the country is doing well, but the original post said personal wealth is down 40 percent over the last 5 years. Not sure how the OP is figuring personal wealth, but I agree with you .It has not changed much. Certainly not down 40 percent .

Dan

Dan


Maybe not in your home..or your neighborhood...but Id have to say its
had a very big drop on average across the US


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but it is great if your best friend does. That way you get all the benefits without any of the upkeep"

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