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Beethoven9th
Beethoven9th
Joined: Jul 30, 2012
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November 30th, 2013 at 9:23:10 PM permalink
Quote: LarryS

actually the chance of being gouged has a better chance of happening from a single business owner rather than a chain of stores wherenational negative publicity can cause millions in lost sales.

+1

Exactly. Unfortunately, libs like Mr. Tangent don't seem to care when the mom-and-pops shops are the ones doing it.
Fighting BS one post at a time!
Mission146
Mission146
Joined: May 15, 2012
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November 30th, 2013 at 9:31:35 PM permalink
Quote: Beethoven9th

Mr. Tangent must be getting frustrated.

—First, he tried to ignore being called out on his s2pid statement about "selling products at a loss" not being a benefit to the consumer.
—Then he was speechless after he was asked to name just ONE instance of Walmart selling products at a higher price than a store that went out of business.
—Now he acts like he's a friend of mom-and-pop shops when we all know full well that the policies he supports (e.g., Obamacare) will put these same mom-and-pop shops out of business.

Keep digging yourself a deeper hole, dude...lol!



Hmmm.....

I can't necessarily say that it was the Wal-Mart in Moundsville, West Virginia that led to the Convenient Food Mart in town closing, because both Greg's Market locations stayed open and are open to this day. However, I can say that Convenient Food Mart had lower prices on deli products, especially cheeses, than anywhere else in town, so automatically, Wal-Mart charged a higher price on those than a store that went out of business.

However, I don't believe that Wal Mart's prices on those deli items was ever the same in the first place, and I also don't think they really cared at all about what Convenient Food Mart did or did not do one way or the other.

On the other hand, Wal-Mart did have cheaper prices on tools than K&W Pro Hardware, which is now out of business in Moundsville. Although, Ace Hardware is still in business along with 84 Lumber, which does some hardware. Lowe's also opened in nearby Wheeling, WV during this time, so I think the problem with K&W Pro Hardware was that they just absolutely sucked because the market could clearly support three hardware stores.

I remember when I was nineteen (prior to WalMart) and I had to order something of a specialty tool for my Step-Dad. I went to Ace Hardware and got a quote (not in stock at the location) to order it and then I went to K&W Hardware, and the quote was higher. I explained to K&W that I got a lower quote from Ace Hardware, and if they'd give me that price, I'd just go ahead and order it from them since I was already standing there. They said no, so I had to call when I got home and order it from Ace Hardware.

They could have matched the price and would have still profited on the item. That's the kind of crap that will result in your hardware store closing, not Wal-Mart coming to town. I never again bought anything from K&W Pro Hardware because I found it ridiculous that they would not match that price.
Vultures can't be choosers.
rxwine
rxwine
Joined: Feb 28, 2010
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November 30th, 2013 at 9:35:15 PM permalink
Quote: Beethoven9th

Mr. Tangent must be getting frustrated.

—First, he tried to ignore being called out on his s2pid statement about "selling products at a loss" not being a benefit to the consumer.
—Then he was speechless after he was asked to name just ONE instance of Walmart selling products at a higher price than a store that went out of business.
—Now he acts like he's a friend of mom-and-pop shops when we all know full well that the policies he supports (e.g., Obamacare) will put these same mom-and-pop shops out of business.

Keep digging yourself a deeper hole, dude...lol!



What kind of fantasy world are you living in, I don't have any responsibility to you. You bullshit about your success when you never have any.
Quasimodo? Does that name ring a bell?
petroglyph
petroglyph
Joined: Jan 3, 2013
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November 30th, 2013 at 9:38:27 PM permalink
Quote: EvenBob

They were ruthless in obtaining the monopoly, but the point
was to control costs, not so much raise them. They were
in constant price wars with competitors, so the answer was
to have no competitors. Once Standard had over 90% of
the oil business, they could control production and sales costs.
What's fascinating is, we're talking kerosene here, not gasoline.
Gas had no uses until the 20th century, and the Standard trusts
were broken up in the 1890's. Rockefeller became the richest
man the world has ever known thru a product we rarely even
use anymore, yet was the best fuel for lighting at the end of the
1800's. He sold even more overseas than in the States.




Kersosene, is used synonomously with heating oil, and #1 diesel fuel. Yep, gasoline was a by product that they just poured into the river.

Hard to believe that control of the world's oil wasn't about obscene wealth, maybe just philanthropy?

Maybe at the time he was the richest, but there are others. In the documentary I think it said he wrote Carnegie a check for 250 million dollars, at the time it was probably the largest ever written. But I don't think he had the money till he borrowed it from JP Morgan, who was rich enough to bail out the United States around 1906?
EvenBob
EvenBob
Joined: Jul 18, 2010
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November 30th, 2013 at 9:38:28 PM permalink
What's interesting is that at his death, Sam Walton's personal
fortune was about $100 billion if you adjust it to today's dollars.
When Rockefeller died in 1937, his fortune is estimated at
around $500 billion, adjusted. It's an incomprehensible amount
of money, they say nobody will ever come near it. Rockefeller
was obsessed with money. As a child his sister used to say,
if it was raining porridge, while everyone was using their bowls
to cover their heads, John would be the only one with it right
side up to collect the falling porridge.
"It's not enough to succeed, your friends must fail." Gore Vidal
EvenBob
EvenBob
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November 30th, 2013 at 9:50:41 PM permalink
Quote: petroglyph

Kersosene, is used synonomously with heating oil, and #1 diesel fuel. Yep, gasoline was a by product that they just poured into the river.



The kerosene they made for lamps is very different than
the product they make now.


Quote: petroglyph

Hard to believe that control of the world's oil wasn't about obscene wealth, maybe just philanthropy?



It was about obscene wealth. A minister named Reverend Gates
approached Rockefeller and told him unless he started giving the
bulk of his wealth away, it would crush him and the next generations
of his family. That's how it began. Rockefeller was always a giver
to charity, but without that push he never would have done it on
a grand scale.

He's the richest man who ever lived, see my other post.

"It's not enough to succeed, your friends must fail." Gore Vidal
EvenBob
EvenBob
Joined: Jul 18, 2010
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November 30th, 2013 at 9:59:08 PM permalink
Quote: EvenBob

They were ruthless in obtaining the monopoly, but the point
was to control costs, not so much raise them. They were
in constant price wars with competitors, so the answer was
to have no competitors. Once Standard had over 90% of
the oil business, they could control production and sales costs.



"Standard's actions and secret transport deals helped its kerosene price to drop from 58 to 26 cents from 1865 to 1870. Competitors disliked the company's business practices, but consumers liked the lower prices."

http://en.wikipedia.org/wiki/Standard_Oil#Early_years
"It's not enough to succeed, your friends must fail." Gore Vidal
petroglyph
petroglyph
Joined: Jan 3, 2013
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November 30th, 2013 at 10:09:44 PM permalink
Quote: EvenBob

The kerosene they made for lamps is very different than
the product they make now.




It was about obscene wealth. A minister named Reverend Gates
approached Rockefeller and told him unless he started giving the
bulk of his wealth away, it would crush him and the next generations
of his family. That's how it began. Rockefeller was always a giver
to charity, but without that push he never would have done it on
a grand scale.

He's the richest man who ever lived, see my other post.




I don't know how kerosene would be any different? Just an amount of distillation, certainly not worth a bunch of energy to haggle about.

You do know there are people who's wealth isn't even estimated by the forbes list right?

The Saudi family isn't doing to bad for themselves and you hardly ever hear for sure how much the Queen of England is worth. Both those fortunes are said to be incalculable.

If Yamamoto's gold wasn't just a myth that was said to be immeasurable as well.

As far as Bill Gates, Buffet or Carlos Slim they are just piker's comparatively.

And if the Pope ain't broke I'd like to see what's stashed at the Vatican.

The Federal Reserve is also Privately held.
EvenBob
EvenBob
Joined: Jul 18, 2010
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November 30th, 2013 at 10:23:27 PM permalink
Quote: petroglyph



The Federal Reserve is also Privately held.



And who started the Fed and still controls it. And Chase
Manhattan Bank. The Rockefellers.

Rockefeller has always fascinated me. I did a paper on him
when I was in college, and ever since I have found out all
I could on him and his family. Unbelievable wealth and
influence. I remember an interview with Nelson Rockefeller
in the 60's. He was a son of the old man's mans only son,
John Jr. Nelson said he'd never carried cash in his life or
any kind of credit card. He never had a drivers license, he
was driven everywhere by body guards and chauffeurs.
When asked how he paid for things when he shopped, he
said somebody always 'took care of it'.

Can you imagine a life like that. Never one thought to how
you'll go somewhere or pay for anything.
"It's not enough to succeed, your friends must fail." Gore Vidal
petroglyph
petroglyph
Joined: Jan 3, 2013
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November 30th, 2013 at 10:49:52 PM permalink
Quote: EvenBob

And who started the Fed and still controls it. And Chase
Manhattan Bank. The Rockefellers.

Rockefeller has always fascinated me. I did a paper on him
when I was in college, and ever since I have found out all
I could on him and his family. Unbelievable wealth and
influence. I remember an interview with Nelson Rockefeller
in the 60's. He was a son of the old man's mans only son,
John Jr. Nelson said he'd never carried cash in his life or
any kind of credit card. He never had a drivers license, he
was driven everywhere by body guards and chauffeurs.
When asked how he paid for things when he shopped, he
said somebody always 'took care of it'.

Can you imagine a life like that. Never one thought to how
you'll go somewhere or pay for anything.




No, I can't even imagine that kind of money. Even when I'm dreaming I hardly ever go over a few mil.

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