ONE LAST GASP OF INFLATION WOULD BE NICE!!!
Posted November 18th, 2008 by GREEDisBAD
output
Now that many of us have realized that we are seeing a preview of the coming DEFLATIONARY collapse if not the beginning of the real thing, it would be nice to have one last gasp of inflation to bail some of us out or to keep jobs a bit longer before the DEFLATIONARY collapse. If it happened, I would save as many U.S. dollars as possible!!! COME ON INFLATION!
Just my opinions.
Update 11/30/2008.
Maybe, we might get one last gasp of inflation in 2009. I sure hope so. I just read this article. I hope he is right.
Depression In 2009? by Cliff Droke November 30, 2008
http://www.gold-eagle.com...
"The final 'hard down' phase of the 120-year cycle doesn't begin until after 2010. That should give us at least two more years to prepare before we must face the harsh headwinds of this powerful cycle. The cycle winds won't be as harsh in 2009 as they were in 2008 and this should relieve a lot of pressure from equities, allowing for some significant decompression for it as well as for the economy. With the 6-year and 10-year cycles up, history shows that this cyclical configuration is benevolent for the economy if money supply is increasing. With the bailout efforts of the past few months taking full effect in 2009, this should mean the U.S. dodges the depression bullet next year."
Update 12/30/2008
I found these videos.
http://www.youtube.com/wa...
http://www.youtube.com/wa...
http://www.hsdent.com/hs-...
Bookmark/Search this post with:
Great thread
..
I found these videos.
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
---
I found these videos.
http://www.youtube.com/wa...
http://www.youtube.com/wa...
http://www.hsdent.com/hs-...
One Last Gasp of...
DEFLATION would be nice!!!!
ONE LAST GASP OF INFLATION IN 2009 WOULD BE NICE. More
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
---
people seem to be saying that the market has made a temporary bottom.
http://www.youtube.com/wa...
I don't know if this is true or not, but I hope it is.
I know many are likely to scream hyper-inflation at any chance, but I much rather have more time to prepare and put up with their nonsense than dealing with a deflationary collapse in 2009. I sure hope that we would have one last gasp of inflation in 2009 to have a bit more time to get ready for a deflationary collapse.
Just my opinions.
"I know you won't read this
"I know you won't read this because it is too long for you, but perhaps others will."
Actually GREED, your hopes are askew, you had better hope that deflation continues because if it doesn’t then you will be crying this time next year about how you wish deflation was back. In order to have a deflationary collapse there would have to be several factors all aligned, the primary two would be the contraction of credit along with the contraction of money. We have seen the contraction of credit with the deflation of debt, but quite the opposite is true when it comes to money.
Now, I fully realize that you are under the impression that hyperinflation can only occur when the money supply is rapidly moving through the economy, that is definitely true of plain inflation, but not of hyperinflation since it is a horse of a very different color.
The fact is that the normal velocity of money has very little to do with hyperinflation as it does with regular inflation where the velocity of money is converts the expanded money supply into inflation.
As I said, hyperinflation is primarily a psychological event and happens when masses of people lose confidence in both their government and the monetary system. Yes, it does have to do with the money supply also, but it is primarily the effect of people simply losing faith in the system. Such a loss of faith can happen and usually does happen during deflationary periods, not in periods of economic booms or even economic recoveries. So, hyperinflation is both a monetary event and a socio-political event. Every single example in history, all the way back to Rome, will show that hyperinflation always begins during a deflationary period and is a combination of a rapid increase in the money supply with a rather rapid loss of confidence in the system. Check it out for yourself.
So, hyperinflation, as I have said a hundred times on the DP never happens during an upturn in the economy.
You seem to think that the money supply has to be filtering through the economy for it to happen, but history proves that is not the case with hyperinflation, only inflation. It is a mistake to believe that the normal deflationary/inflationary forces are at work when hyperinflation takes hold of an economy, they are not the primary force behind hyperinflation.
At the moment, there are absolutely huge amounts of fiat funds being infused into the economic system, which, if we were in a recovery would automatically translate into high inflation, but the danger is that hyperinflation could very easily take charge as the public continues to lose a great deal of confidence in the government and the monetary system. Another interesting fact about hyperinflation is that it always seems to involve some type of quantitative easing by the governing powers, now, for the first time the FED is using the policy of quantitative easing in this country. The reason that hyperinflation and quantitative easing are so linked together is because with quantitative easing there is a direct infusion of money into the economic system by the central banks instead of using the fractional reserve system and the monetizing of debt. You were screaming about debt money, well guess what…they are skipping that process now in favor of quantitative easing and there in is the danger for hyperinflation. Quantitative easing also skips the market process normally associated with the creation and velocity of money.
There are several other companies, or sectors of the economy that are lining up at the quantitative easing trough, GE, along with the Big Three are all sticking out their hands for this direct lending bailouts, many are trying to figure out just how to ask for the money now, they are working the system. The type of credit that is involved with quantitative easing always, without exception, carries a major consequence with it, especially when the FED is basically “printing” this money without going through the usual monetization process. The dollar will suffer, at the moment it is only slightly rallying because of the actions taken by the FED with TARP and other handout programs but that will stop as we continue on this destructive path. The fact is that there will be nothing to help the dollar from drastic depreciation, the carry trade won’t help nor will any attempts to draw in more credit from overseas.
95% of all hyperinflationary events happen during a deflationary depression or deep deflationary recession.
Read your monetary history of the world... then tell me I’m wrong…
http://www.1776solution.b...
I would remind you that extremism in the defense of liberty is no vice! And let me remind you also that moderation in the pursuit of justice is no virtue. Barry Goldwater
GREED, do you even know what
GREED, do you even know what the rate of deflation has been over the last 3 months?
Think about these numbers for just one moment. The Consumer Price Index has dropped in the last three months a grand total of 4.4% however, overall prices are 3.7% higher than they were this time last year. What does that tell you about the depth of deflation within this economy?
http://www.1776solution.b...
I would remind you that extremism in the defense of liberty is no vice! And let me remind you also that moderation in the pursuit of justice is no virtue. Barry Goldwater
it tells him everything & nothing at the same time
I think that melgesman, has figured GREED out, see his reply right below here.
"Ya Know....
On December 1st, 2008 melgesman says:
At first I thought you were confused so I worked to engage and inform you...then I thought you were simplistically obstinate...now I'm seeing that you are simply a turd stirring asshole."
Thank you Dr. Paul for making me act on what I already knew was right.
I agree with that
I agree with that assessment...I think my term for it was STIFF-NECKED.
http://www.1776solution.b...
I would remind you that extremism in the defense of liberty is no vice! And let me remind you also that moderation in the pursuit of justice is no virtue. Barry Goldwater
The title of the thread
The title of the thread should be "One Last Gasp of Economic Growth Would Be Nice", and the more I think about it, the more I wonder if it may just happen. The article posted under "Nonsense About Deflation" brings up a good point: there is a lot of unused money sitting in banks right now that they might start trying to use soon in the form of new loans. We may just see a short-term economic boost in the first half of next year, but this will simply be the last gasp before the final plunge toward the end of the year as hyperinflation -- the infusion of trillions of Fed dollars -- hits the economy in force.
Don't fall for the trap that everything will be ok -- that we will just move past this. We are far from the bottom of this disaster. It is only a matter of timing, and any reprieve we may get should be used to make further preparations for the dark days ahead.
It is not that I do not have hope. I believe we can rise again and become far stronger than we are now, but we have yet to go through the refining fire that will be necessary. This crisis has just begun.
You guys kill me. Why are you so brainwashed and hypnotized
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
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about hyper-inflation? I think you guys are so DUMB. You are not awake, at all, in my opinion.
Regarding "a lot of unused money sitting in banks right now", have you ever though about why? WAKE UP! Here, try this explanation.
http://4.bp.blogspot.com/...
From here
http://benbittrolff.blogs...
Ya Know....
At first I thought you were confused so I worked to engage and inform you...then I thought you were simplistically obstinate...now I'm seeing that you are simply a turd stirring asshole.
**“The man who does not read good books has no advantage over the man who cannot read them.” ~ Mark Twain **
Truth Revealed
I think you just exposed yourself in your post by falling into the trap of calling me "dumb"... not because I am necessarily intelligent, but rather that you have resorted to name calling.
Consider that Ron Paul himself, a rather sharp and educated economist in his own right, has predicted that our current actions are leading us toward a hyper-inflationary environment. Are you also calling him "dumb"?
There have been ample posts, arguments, articles and discussions on the deflationary and inflationary debate. I think it is pretty clear that the Federal Reserve and the Treasury Department are going to extreme lengths to try to gain control of the financial situation. As a result, they are creating tremendous pressures on our government's ability to pay back our debts by infusing a large amount of capital into our economy. Eventually, this will render the American dollar worthless once a more viable currency is introduced (likely to be gold or silver backed). This is hyper-inflation, the rapid loss of value in the American dollar. Deflation, the elimination of wealth, will also occur as assets are written off and reduced.
Is it "dumb" to believe that both could happen at once?
He's called Dr. Paul "dumb" before,
and since he is a simpering, teeny-tiny deflationista troll, I'm sure he will do it again.
Ben Bernanke, fighting fire with gasoline since 2006
"Why would banks be closed
"Why would banks be closed in hyper-inflation? I don't get it?
On June 10th, 2008 GREEDisBAD says:"
"Oookay, so if all the banks are closed due to bank runs how will
On June 11th, 2008 GREEDisBAD says:
the money supply increase? "
"Are you talking about the Banking Holiday during the Great
On June 11th, 2008 GREEDisBAD says:
Depression? That was a deflationary depression, wasn't it?
How that would be inflationary?"
"Well, if that's not the case, I think you are very confused or I
On June 10th, 2008 GREEDisBAD says:
am very confused."
...and GREED has the AUDACITY to call anyone else an IDIOT.....how absolutely laughable!!!!
http://www.1776solution.b...
I would remind you that extremism in the defense of liberty is no vice! And let me remind you also that moderation in the pursuit of justice is no virtue. Barry Goldwater
No GREED, it is just that we
No GREED, it is just that we are looking past our noses, unlike you who are absolutely so stuck in one mode that you can't see what is actually happening around you.
You have been a broken record for months now, playing the same two lines without fully understanding the entire song. You have utterly failed to back up your opinions and when you attempt to you only give a sliver of information provided by bytes and charts, that you obviously don't understand.
You have failed, on more than one occassion, to understand that there is much more involved in this economic environment than just a deflationary slump, that is only part of the broarder picture and you don't see it because you are not looking.
I can't wait until you must come back on the DP to apologize, that is if you are man enough to do so, which I sincerely doubt. The real question is, based upon all of your post...who is really the one that is hypnotized?
In order for your scenario to come to pass then there will, according to you, never be another "recovery", that this is it, that the U.S. will end in a deflationary depression. You avoid so much information that it is amazing. You fail to understand that we have read the blogs, seen the charts you post and unlike you we understand them and understand that they not only indicate a deflationary slump, but that those same charts that you are touting also indicate a future that is highly inflationary, but you don't LISTEN. YOU ARE STIFF-NECKED.
http://www.1776solution.b...
I would remind you that extremism in the defense of liberty is no vice! And let me remind you also that moderation in the pursuit of justice is no virtue. Barry Goldwater
One last gasp?!?!
Don't inhale too deep, you might choke on it!
Your post reflects a common non-understanding of the coming storm. Smoke and mirrors only last so long. Inflation will be the method by which your saving is quietly robbed to pay for whatever Washington thinks is vital in these last days before they go out of business. The dollar is going break under the strain. After that, my friend, you'll have all the inflation you could ever dream of!
Oh and BTW, your 120 year cycles, you might as well have a vodoo doll becuase that has no relevent bearing.
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A small body of determined spirits fired by an unquenchable faith in their mission can alter the course of history.
~Mahatma Gandhi
ONE LAST GASP OF INFLATION IN 2009?
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
---
We'll see if this guy is right...
Coming Soon to a Market Near You: A Huge "Obama Spring" Rally by Charles Hugh Smith
http://www.oftwominds.com...
"A big rally in the price of
"A big rally in the price of gold prompted Peak Trading's Charlie Nedoss to say there are already fears of hyperinflation from all the money that is now being pumped into the market. Boris Schlossberg of GFT Forex said that's a story for late 2009, but not right now." CNBC
Just like we have been saying GREED....BOOM & BUST cycles always happen in similar ways, the difference this time is that this BUST is what Mises called a CRACK-UP BUST which is characterized by deep deflation and high monetary inflation in response to the deflation, this leads to hyper-inflation...and the fear is getting stronger in the currency markets that is going to be happening by the end of 2009.
So, be careful what you wish for, you are probably going to get inflation and a whole lot more.
http://www.1776solution.b...
I would remind you that extremism in the defense of liberty is no vice! And let me remind you also that moderation in the pursuit of justice is no virtue. Barry Goldwater
WHAT AN IDIOT! Please, do me a favor and go away!
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
---
Are you looking in the
Are you looking in the mirror GREED when you say that?
You are so very clueless that it is amazing. I am just constantly amazed by your complete lack of foresight and even more amazed by the lack of ability to back up your own opinions.
Just as I and others have been saying you drip of a dupe, while deflation is absolutely poised to continue, as predicted in Austrian Economics, until at least mid-2009 with weaknesses confirmed in most sectors of the economy and unemployment increasing substantially that does not preclude the fact that this and other governments are engaged in massive liquidity inflation. So, in deference to your total lack of understanding and economic ability, there is a concurrence taking place during this deflationary slump, one that you are obviously blind to and even if you saw it you would not understand it anyway, you have proven that time and again.
The ability to fund all the massive government interventions, not only in the foreign arena [as in the dual war fronts which are both being conducted by deficit spending to the tune of Trillions] and the truly massive and historic bailouts also to the tune of Trillions. There is, as we have stated to your thick skull, a period coming when there will be a deep deflationary slump that will coexist, at least for a brief time with the beginnings of a hyper-inflationary event until the deflation is completely consumed by hyper-inflation. I know, I know GREED, you don’t understand these things and that’s okay, but don’t show your complete ignorance of these matters by showing your dumbness for all to see.
Great Britain, Iceland and some other countries are bracing for hyper-inflation. Indeed, there are sectors within our markets, especially the FOREX that are now bracing for hyper-inflation at least by the end of 2009.
Now, once again in deference to your complete ignorance on all economic subjects, as I have said, you have proven time and again that you have no understanding, hell, you have even said you didn’t understand these things. There appears to be an aversion building up in China regarding its exposure to the Dollar and U.S. Aggregate Demand [I know, you don’t know what Aggregate Demand is…look it up]
So, if, in 2009 the global surplus contractions exceed our funding requirements to the point that higher yields would not be sufficient to create very liquid Treasury Auctions, and that can easily occur in this type of deflationary environment, that one thing could easily cause hyper-inflation even if other things were not involved, but that’s the rub, there are many other things that are involved in this type of environment that will also contribute to the hyper-inflationary threat.
Of course, you don’t see that and you can’t consider such things because you are a skimmer, someone who latches on to a subject without fully understanding it or the meaning of what you are seeing.
So, by your "educated predictions" what is taking place and what will take place given the evidence you see in the deflationary environment? Do you think this is it...that we will simply witness a deflationary depression that precludes ever single economic indicator that points toward a highly inflationary pressure building up behind this deflationary slump?
I am really interested in your opinions on this GREED.
http://www.1776solution.b...
I would remind you that extremism in the defense of liberty is no vice! And let me remind you also that moderation in the pursuit of justice is no virtue. Barry Goldwater
you think a spring rally is
you think a spring rally is inflationary?
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
I don't even know if the rally would happen. I know some of you
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
---
would scream hyper-inflation at any chance, but I am not worried about hyper-inflation, at all. I am just hoping for a little inflationary relief, so that I would have a bit more time to get ready for a deflationary collapse. Any extra money coming in my way would be nice.
Just my opinions.
Update 11/30/2008.
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
---
Update 11/30/2008.
Maybe, we might get one last gasp of inflation in 2009. I sure hope so. I just read this article. I hope he is right.
Depression In 2009? by Cliff Droke November 30, 2008
http://www.gold-eagle.com...
"The final 'hard down' phase of the 120-year cycle doesn't begin until after 2010. That should give us at least two more years to prepare before we must face the harsh headwinds of this powerful cycle. The cycle winds won't be as harsh in 2009 as they were in 2008 and this should relieve a lot of pressure from equities, allowing for some significant decompression for it as well as for the economy. With the 6-year and 10-year cycles up, history shows that this cyclical configuration is benevolent for the economy if money supply is increasing. With the bailout efforts of the past few months taking full effect in 2009, this should mean the U.S. dodges the depression bullet next year."
I have always said
I have always said inflationary depression 2010!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
And, I don't care what you say.
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
---
Do you even have the
Do you even have the foggiest clue as to what is being said there GREED? He is basically saying the same thing we have been saying, BOOM and BUST cycles playing out, the only difference, as you note in the bold type, the bailout efforts in the past few months...therein is the danger. Remember, hyper-inflation never happens during a BOOM, it happens in response to a BUST, particularly a deep BUST. There is a BUST log-jam and behind that log-jam is the most massive amount of liquidity every injected into the system, it will have a disastrous reaction within the economy.
http://www.1776solution.b...
I would remind you that extremism in the defense of liberty is no vice! And let me remind you also that moderation in the pursuit of justice is no virtue. Barry Goldwater
You didn't even read the article, did you?
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
---
Yes GREED, I read the
Yes GREED, I read the article...I read a great deal, everyday. The difference between us is that I comprehend what I read.
http://www.1776solution.b...
I would remind you that extremism in the defense of liberty is no vice! And let me remind you also that moderation in the pursuit of justice is no virtue. Barry Goldwater
What I Wonder
Why has there been such a concerted effort of late to convince people that the hyper-inflation and collapse of the US economy is not going to happen? This site has been bombarded with propaganda claiming that everything is okay, and everything will be fine in a couple weeks.
I am reminded of the Old Testament prophet Jeremiah who relentlessly warned Israel of their impending destruction. He too was surrounded by phony prophets who claimed that everything was fine and that Israel was strong. In the end, they were proven to be liars. They would not own up to the sin and corruption that had all-but destroyed the strength of their nation, and so they could not see the apocalypse that was coming.
The late Larry Burkett warned of this coming crisis in the nineties. Ron Paul has been speaking out against the corruption in our system for years. Peter Schiff continues to speak out against the ignorance that fills our air waves to this day with people who say that everything is fine and that "the dollar is strong." Just like Jeremiah, the mainstream "prophets" continue to call them crazy or unpatriotic, but the truth will be demonstrated in the end.
So again, why the sudden push against us? I think it is because we are on the very verge of seeing these things come to pass. The pressure is mounting, and the dam is soon to break upon us. May God have mercy on us all.
The Powers That Were
...did better than silence Jeremiah, they turned his name into a word -- jeremiad -- which is a vigorous, tiresome, and seemingly endless rant.
Whether one believes or not (and truth in labelling: I do not) the honest and receptive reader will find a wealth of wisdom in the Old Testament, the New Testament, and the New World Testament (aka The Book of Mormon).
I have them all together with the rest of my paper-back fiction, filed under S for Smith et al.
The Freedom Formula: Au + Ag + Cu + Pb
look for and expect the
sucker punch, Khomar.
Here are a few tid-bits of
Here are a few tid-bits of GREED's level of understanding, not trying to be mean, but it just amazes me that he continues down the same opinionated road when he can't back up his opinions with factual information that would provide the reader with the necessary information to form an opinion of their own.
"What kind of money system do they have? Do they have a
On June 11th, 2008 GREEDisBAD says:
debt based money system? I don't know. Please, explain their system."
"There is fiat money that is issued by government that is not backed by anything, but required to use it to pay taxes. I think this is what people typically call fiat money.
The dollar is debt based money and arguably backed by collateral. In my opinion, this is a different type of beast and you cannot directly apply inflation argument of fiat money or commodity based money."
"Why would banks be closed in hyper-inflation? I don't get it?
On June 10th, 2008 GREEDisBAD says:"
"Oookay, so if all the banks are closed due to bank runs how will
On June 11th, 2008 GREEDisBAD says:
the money supply increase? "
"Are you talking about the Banking Holiday during the Great
On June 11th, 2008 GREEDisBAD says:
Depression? That was a deflationary depression, wasn't it?
How that would be inflationary?"
"Well, if that's not the case, I think you are very confused or I
On June 10th, 2008 GREEDisBAD says:
am very confused."
"I'm totally opposed to the debt based money system, but
On June 10th, 2008 GREEDisBAD says:
in terms of value, I just love the dollar so much. Yes, I do think that the value of the dollar is likely to go down until the start of the next great depression, but I'd like to accumulate while going down."
http://www.1776solution.b...
I would remind you that extremism in the defense of liberty is no vice! And let me remind you also that moderation in the pursuit of justice is no virtue. Barry Goldwater
Ha
Should we stock paper and ink instead of gold and silver? Nah I'll stick with my gold.
"It is the responsibility of the patriot to protect his country from its government."
— Thomas Paine
for those of you who do not
for those of you who do not understand the difference between INFLATION and DEFLATION, here is a 13 minute audio of Jim Sinclair.
this is a must listen.. will GREED listen?
http://www.radio.goldseek...
tell me where Sinclair is wrong greed!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
In this audio, Sinclair discusses
the difference between hyper inflation and bubble inflation. He said that there is a difference between dropping money into a black hole, and dropping it where the public can spend it. Quantitative easing is when money is dropped where people can spend it, and takes place in the most seriously depressed business environments. This is what is actually starting to be done now, and is the last step, always, to hyper inflation.
They also mention two books, Liar's Poker by Michael Lewis, and Fiasco by Frank Partnoy, which are about the sociopaths that form the bond sales departments on Wall Street. I need to read those!
A couple of other disjointed notes from the audio.....when Sinclair says that things are out of control, he means that we have moved into quantitative easing.....hyper inflation is a currency event, not a bubble.....
That was a good
That was a good interview!
http://www.1776solution.b...
I would remind you that extremism in the defense of liberty is no vice! And let me remind you also that moderation in the pursuit of justice is no virtue. Barry Goldwater
Be careful what you ask for!
Wishing for inflation at this stage of the game will not be the normal inflation we’ve seen in the past, but most likely hyperinflation instead. Hyperinflation is not for the novice, and only those who totally understand who will benefit from it and who will not, will be successful.
Hyperinflation is like a wizard with great powers to destroy. Most of the wealthy middle class will be wiped out during this coming hyperinflationary period. Anyone who has not seen this coming for at least a year or so, and have actually started preparing for it, will find out it’s probably too late. I say this because it's more than likely we’re just months away from it starting.
For those who think the same remedy for protection or benefit in one area of the country, will also work the same miracles in another, will find out the hard way that different parts of the country will fair differently.
I remember reading in the Wall Street Journal in the early 1980’s about a businessman in Argentina who bought a multi story apartment complex for 20 some million dollars before their hyperinflationary period started. He put 20-25% down and the balance on a twenty year Real Estate Contract. Five years into the contract, hyperinflation took off, so he kept raising the monthly rents to keep up with inflation. By the end of the first year of this hyperinflation period, his monthly rents had climbed so high that he was able to pay off the entire Real Estate Contract (approx $13,000,000) with one months rent. The Buyer of this multi story apartment complex became the great benefactor of this hyperinflation period they experienced, while the Sellers lost the bulk of their wealth.
I conclude by advising everyone to be very careful, because the opposite happened to many others in Argentina who bought in the wrong areas of the country were unemployment became rampant.
hjschaapman
Thanks for that comment
I hope some people will research this topic a little more than they have. I am reminded of the poor souls that went down to the beach in Phuket when the elephants were hauling ass for higher ground. Hyperinflation is very much like a tsunami and the earthquakes that created the impending financial tsunami have already occurred. But hey, why should smart people listen to elephants? It's just another beautiful day at the beach.
What GREED fails, utterly
What GREED fails, utterly fails to understand is that Austrian Economics predicts that for every BOOM, there is a subsequent BUST. Deflation is not a surprise, nor was it unexpected. The other thing he fails to understand is that Hyper-Inflation never occurs during a BOOM, it always happens in response to a BUST. The worse-case scenario is to have a very deep deflationary recession, as we are just beginning to see, followed by reactionary hyper-inflation. The deflationary recession beats the crap out of the economy and instead of having an actual recovery, there is a rapid inflationary push through the latter part of the deflationary recession, this is the dangerous part of the equation, the part GREED and some others are willing to ignore in their myoptic views.
http://www.1776solution.b...
I would remind you that extremism in the defense of liberty is no vice! And let me remind you also that moderation in the pursuit of justice is no virtue. Barry Goldwater
view deflation as well?
Is that why my vision is getting so poor?
Austrian Economics
a field of study that is about as close to natural law as economics can get. BTW, your posts are great reading for everyone. Thanks for sharing them here.
Thanks Gil....I agree,
Thanks Gil....I agree, Austrian Economics is an amazing system of study and will provide such insight into economic matters, as well as human action.
http://www.1776solution.b...
I would remind you that extremism in the defense of liberty is no vice! And let me remind you also that moderation in the pursuit of justice is no virtue. Barry Goldwater
HYPER-INFLATION!!!
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
---
Go to the link below and be sure to click on the charts, and think about HYPER-INFLATION that so many idiots have been talking about!
http://waronyou.com/2008/...
Thank you, StaxBrix for the link!
http://www.dailypaul.com/...
Hope you saw, at least, these charts.
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
---
http://3.bp.blogspot.com/...
http://4.bp.blogspot.com/...
http://2.bp.blogspot.com/...
Here is the link to one chart that you couldn't click on.
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
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If you clicked on the charts, you probably found one chart that you couldn't click on. Here is the link to a larger version of the chart.
http://4.bp.blogspot.com/...
Oh Boy, Oh Joy...Greed has
Oh Boy, Oh Joy...Greed has found a chart. Now explain it to us GREED.
http://www.1776solution.b...
I would remind you that extremism in the defense of liberty is no vice! And let me remind you also that moderation in the pursuit of justice is no virtue. Barry Goldwater
Here, check this out.
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
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http://3.bp.blogspot.com/...
I saw those long ago
I saw those long ago GREED, yet you still are ignoring so very much...you latch onto one thing and think that is it...look at the bigger picture.
http://www.1776solution.b...
I would remind you that extremism in the defense of liberty is no vice! And let me remind you also that moderation in the pursuit of justice is no virtue. Barry Goldwater
CALLING YOUR BS. The chart was originally posted on Nov 11 2008.
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
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Here.
http://benbittrolff.blogs...
Hey DumbDumb....did you ever
Hey DumbDumb....did you ever think that they were posted on the Federal Reserve Site long before they hit the blogs, especially the blog you mentioned on Nov. 11th?
Did ya think about that GREED? Of course not, you don't think things through, you don't use a process of rational thought, you are myoptic in your thinking and in the expression of your thoughts.
http://www.1776solution.b...
I would remind you that extremism in the defense of liberty is no vice! And let me remind you also that moderation in the pursuit of justice is no virtue. Barry Goldwater