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Since McDonald’s (MCD) launched the Dollar Menu nationally in 2002, it has grown to about 13 percent of sales–a whole lot of McDoubles and Sausage Biscuits. But the menu is no longer working for the burger chain, so it’s rebranding it as the “Dollar Menu & More” with $1 and $2 sandwiches and even some items at $5. It’s more like a neighborhood dollar store now: the name refers to the starting price.
Monetary inflation is a sustained increase in the money supply of a country. It usually results in price inflation, which is a rise in the general level of prices of goods and services. Originally the term "inflation" was used to refer only to monetary inflation, whereas in present usage it usually refers to price inflation. Wiki...
seeker1963
reply to post by Bassago
Come on now. It's okay. We're all friends here. Your just mad because the double cheeseburger has only one slice of cheese versus the two it used to have..........right?
My bad, but I hear where your coming from, and let's face it, this is what the IMF has designed to happen.
Everything that happened to Greece can be expected to blind side everyone in the US that hasn't been paying attention!
Bassago
While this title mostly speaks to McDonald's price increases I wished to point out a simple observation. It is not that McDonald's "food" items are just increasing in price it's the fact that the value of the dollar is consistently decreasing in value across the board. If you are reading this try to look at the price increases from that point of view.
McDonald’s New 'Dollar Menu' Goes Up to $5
Since McDonald’s (MCD) launched the Dollar Menu nationally in 2002, it has grown to about 13 percent of sales–a whole lot of McDoubles and Sausage Biscuits. But the menu is no longer working for the burger chain, so it’s rebranding it as the “Dollar Menu & More” with $1 and $2 sandwiches and even some items at $5. It’s more like a neighborhood dollar store now: the name refers to the starting price.
Now I don't eat at McDonald's. Not because it's cheap or overpriced or whatever, just because I don't really consider it food. That's not the point though. Think of the cost a loaf of good bread or a 1lb steak, it's value is the same today as it ever was. What has changed is the value of the dollar.
Monetary inflation is a sustained increase in the money supply of a country. It usually results in price inflation, which is a rise in the general level of prices of goods and services. Originally the term "inflation" was used to refer only to monetary inflation, whereas in present usage it usually refers to price inflation. Wiki...
I guess the main point I'm getting at is due to the Federal Reserve's policies, loss of the gold standard and now the Fed's recent QE $85 billion per month in fiat money creation we are getting more real inflation at an increasing pace. They will never admit it but every time you shop or get gas you plainly see it.
McDonald's article is really a side issue to the sickness underlying our basic economic system. We need to abolish the Federal Reserve.edit on 061pm4545pm72013 by Bassago because: (no reason given)
Wrabbit2000
The addiction (and I swear it really is too) is strong in staying away from the pseudo food.
I have to say though, when I broke from fast food in a complete way? I did notice a whole different physical feeling in less time than I would have thought.
ItCameFromOuterSpace
reply to post by Bassago
Oh, it's food. And it's delicious.
F4Driver
reply to post by Bassago
BASSAGO.... THANK YOU FOR STATING A FACT THAT SEEMS TO BE TOTALLY OVER THE HEADS OF OUR POLITICIANS... THEY STATE THAT THERE IS NO INFLATION OR IT IS AT A RATE OF LESS THAN 3% ANNUALLY.
WELL THE FACT IS OUR REAL INFLATION RATE IS CLOSER TO 25% ANNUALLY AND AS YOU SO RIGHTFULLY STATED BY USING A McDONALD'S BURGER.... EVERY PERSON IN THIS COUNTRY CAN TELL YOU THAT PRICES HAVE MORE THAN DOUBLED IN THE PAST 6 YEARS.
BEING A RETIRED INDIVIDUAL I CAN TELL YOU THAT BEING ON A FIXED BUDGET ESTABLISHED WHEN I RETIRED AT AGE 68 (8 YEARS AGO) THAT MY STANDARD OF LIVING HAS DECLINE TO THE POINT THAT I HAD TO RELOCATE TO A CHEAPER RESIDENT. THAT I WAS MORE THAN COMFORTABLE LIVING IN MY PREVIOUS RESIDENCE FOR 9 YEARS AND WITHIN 6 YEARS ALL OF THE OTHER BASICS FOR LIFE HAVE INCREASED SO RADICALLY THAT I'VE HAD TO DOWNSIZE ....
THE FEDERAL RESERVE IS DUMPING PAPER MONEY (DEBT) INTO OUR MONEY SUPPLY @ THE RATE OF $40 TO $100 BILLIONS DOLLARS PER MONTH..THEY NOW SAY THEY MIGHT UP IT TO $1 TRILLION DOLLARS PER MONTH.
THE FEDERAL RESERVE IS LOANING US MONEY TO PAY THE INTEREST OF THE DEBT THEY ARE LOANING US MONEY ON..
WE ARE STILL PAYING INTEREST ON THE UNPAID DEBT FROM THE 1ST WORLD WAR.
WE ARE ALLREADY INTO HIPER INFLATION BUT THE POLOTICIANS AND THE FEDERAL RESERVE WILL NOT STATE THE FACT OUT LOUD FOR FEAR THAT CHINA, JAPAN & INDIA WILL FIND OUT AND NOT LOAN US ANY MORE MONEY,
IT IS LIKE AN ADDICT THAT THINKS IF HE USES MORE DOPE HE'LL BE CURED OF THE ADDICTION.