Chicago has the distinction of boasting the highest paid teachers in the nation. Average salaries are $76,000 not including benefits like not having to work nights and weekends, and all holidays off, and summers off. Throw in a generous retirement plan and the boundless opportunities for sex with young taut student bodies and what is not to like. Life is good for the few who can and do!
Why would they turn down a 16% pay raise? They are teachers, they can do the math.
Costs have risen more like 50% since the former prince of Chicago, Barack Obama started infusing money into a broken economy. The teachers know they will be short if they do not reach parity with the dollar's value in 2009. They need to average $112,679 per year just to break even. Yep, the dollar is that weak.
Time for Rahm Emanuel to take a page out of his former bosses book and spread the wealth around.
Chicago teachers are the first in the country to realize that Obama's economic policies have crippled our purchasing power. I say make your demands, stand your ground. Take your wages back to parity!
The teachers in Chicago are teaching all of us a valuable lesson. The squeaky wheel gets the grease. It will not be long before our leaders will have to admit to the inflation that has been placed into the system by deficit spending.
In Chicago, America's chickens have come home to roost!
If there is reincarnation, I pray, I come back as a Chicago public school teacher.
What could be better?
Jackson Delano Maybolt, President Urban Poverty Law Center
Showing posts with label inflation. Show all posts
Showing posts with label inflation. Show all posts
Tuesday, September 11, 2012
Saturday, April 14, 2012
Urban Poverty Law Center: INFLATION WARNING
Diesel and gasoline prices are set to increase by 50% in the next few months. Markets dictate the price for these commodities that drive the world's economic engine. How do I know this, a simple disabled farmer living in his mother's house in rural West Tennessee, living off SSI disability listening to only Glenn Beck and Rush Limbaugh and surfing the web for all my information?
I bought fertilizer and corn seed yesterday at my local Farmer's Co-op, that socialist organization put together by farmers, for farmers, and with farmers for the greater good of the farmer. There, I spoke to their manager who said he has trouble getting enough diesel to run their fleet of fertilizer trucks. His supplier said it is not for a shortage of fuel made here in America, but after the 2008 collapse which caused the government to print money to shore up all aspects of business, the Europeans failed to shore up their oil refineries and they all went out of production.
Now our refineries in North America are filling that void and refine oil here and ship it to the European Market and make a higher profit where prices are about $10 a gallon. Our $4 a gallon is still a bargain compared to the European price. I believe a futures bet on unleaded gasoline or diesel for next year would be a no brainer.
OK, what happens to the other commodities when fuel explodes? Input costs to plant a crop explode and the farmer will want to get his profits to cover the higher costs of planting, fertilizing, growing, and harvesting and taking a crop to market. Right now we have $6 a bushel corn. That is about 50 lbs of corn. Seems like a bargain to me and should seem like one to you also. I believe we will see $8 to 9 corn this year. Soybeans are currently trading for about $13 a bushel, and likewise I think $18 to $20 a bushel for beans is likely. Cotton is trading for about 90 cents a pound, and will probably climb to about a buck and a quarter a pound. Wheat is trading for about $5 a bushel and could go to $10 a bushel this year.
Am I right? I dunno. I have written this today and I will revisit this next year. Anyway I am not going to sell any of my crop at todays price because I am a gambler and I think time is on my side given the current financial situation in both the US and Europe. Money flying off the printing presses like bats out of that cave in New Mexico at sunset. Not to expect inflation would be just plain batty!
I have to buy some diesel for my tractors today. I think I will buy 600 gallons today, thinking it will cost me less today than it will in a couple of weeks.
And our government is helpless to intervene, the markets are driven by powerful unseen forces, but can be correctly predicted
like an earthquake with its resultant tsunami once you understand cause and effect. Infinite trillions in printed dollars over the past few years chasing finite commodities in an over crowded world of 21st century consumers. This ain't like rocket science to a North Korean. It is the force of the market, the free market.
Jackson Delano Maybolt, president, Urban Poverty Law Center
I bought fertilizer and corn seed yesterday at my local Farmer's Co-op, that socialist organization put together by farmers, for farmers, and with farmers for the greater good of the farmer. There, I spoke to their manager who said he has trouble getting enough diesel to run their fleet of fertilizer trucks. His supplier said it is not for a shortage of fuel made here in America, but after the 2008 collapse which caused the government to print money to shore up all aspects of business, the Europeans failed to shore up their oil refineries and they all went out of production.
Now our refineries in North America are filling that void and refine oil here and ship it to the European Market and make a higher profit where prices are about $10 a gallon. Our $4 a gallon is still a bargain compared to the European price. I believe a futures bet on unleaded gasoline or diesel for next year would be a no brainer.
OK, what happens to the other commodities when fuel explodes? Input costs to plant a crop explode and the farmer will want to get his profits to cover the higher costs of planting, fertilizing, growing, and harvesting and taking a crop to market. Right now we have $6 a bushel corn. That is about 50 lbs of corn. Seems like a bargain to me and should seem like one to you also. I believe we will see $8 to 9 corn this year. Soybeans are currently trading for about $13 a bushel, and likewise I think $18 to $20 a bushel for beans is likely. Cotton is trading for about 90 cents a pound, and will probably climb to about a buck and a quarter a pound. Wheat is trading for about $5 a bushel and could go to $10 a bushel this year.
Am I right? I dunno. I have written this today and I will revisit this next year. Anyway I am not going to sell any of my crop at todays price because I am a gambler and I think time is on my side given the current financial situation in both the US and Europe. Money flying off the printing presses like bats out of that cave in New Mexico at sunset. Not to expect inflation would be just plain batty!
I have to buy some diesel for my tractors today. I think I will buy 600 gallons today, thinking it will cost me less today than it will in a couple of weeks.
And our government is helpless to intervene, the markets are driven by powerful unseen forces, but can be correctly predicted
like an earthquake with its resultant tsunami once you understand cause and effect. Infinite trillions in printed dollars over the past few years chasing finite commodities in an over crowded world of 21st century consumers. This ain't like rocket science to a North Korean. It is the force of the market, the free market.
Jackson Delano Maybolt, president, Urban Poverty Law Center
Subscribe to:
Posts (Atom)