So, when is inflation going to hit us big time??
- Thread starter V-Man
- Start date
scares me as well! i listened to beck last night on the radio...i will try and regurgitate what he said. back in 1970, then fed chairman paul volcker , raised interest rates in the 20% range to reign the money in that was dumped into the system. they dumped 13% more money into the system in a two year period...so the fed raised the rate to combat inflation. well fast forward to 2009... in just 12 months the fed has dumped 120% into the system... im no expert but that is a hell of a lot more than 13%... what kind of interst rate will it take to combat inflation if it took in the 20's to combat just 13%! yeah im scared!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
scares me as well! i listened to beck last night on the radio...i will try and regurgitate what he said. back in 1970, then fed chairman paul volcker , raised interest rates in the 20% range to reign the money in that was dumped into the system. they dumped 13% more money into the system in a two year period...so the fed raised the rate to combat inflation. well fast forward to 2009... in just 12 months the fed has dumped 120% into the system... im no expert but that is a hell of a lot more than 13%... what kind of interst rate will it take to combat inflation if it took in the 20's to combat just 13%! yeah im scared!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
You got it right. I couldn't find that info to post too. I crapped my pants and puked when I heard that!
It's already started. The sick economy has slowed demand for goods and services across the board. Wages are down but prices for food and gas are steady or increased. Prices should have dropped with demand but inflation has already filled the gap. If the economy slows down further and we keep printing money, the more devalued dollars will continue to fill the gap until the dollar collapses. Or to speed things up China, Japan, and the OPEC countries dump their dollars when the see us print another trillion or two for stimulus redux and this health care debacle.
How long can we really expect other countries to accept our fiat dollars for their real resources and labor?
How long can we really expect other countries to accept our fiat dollars for their real resources and labor?
O
Ollie
ACCOUNT CLOSED
They will continue to accept it and stand by while we print money like crazy.
Why?
Because they know the U.S. economy will calapse the likes of which this country has never seen, think USSR.
Plus, when our economy crashes they will own most of this country.
^^^^ exactly, the chinese and the arabs will cash in on the debt that is owed them and pickup what ever they want
The USA is still the biggest consumer in the world. If we go down, we are taking China, India, and the OPEC Nations with us. Not a pretty thought. Can you say stock up on ammo?
O
Ollie
ACCOUNT CLOSED
Actually china and india are shaping up to rival the U.S..
The upsurge in demand in the asian region was one of the things driving up the cost of oil.
manufacturing is a driving force in an industrial nation. Unfortunetly for us our manufacturing has been pushed over to china and india. It's doing wonders for their economies.
There is a bright spot to all this.
The dollar is falling against most currencies around the world. The upside of that is it will become cheaper to produce in the U.S. again. That will revive our economy (as long as bo and company don't destroy it first).
S
suitcase
Well-known member
If they keep going at this rate, our dollar will be worth zero. And we will all have the yen,doichmark, or eruo in our pockets. Then we will be ran by Obama's buddies. Oh and yes stock up on ammo. better yet reloading supplies. don't forget your blackpowder arms to. Back to the wild west!!!!
Been trying to stock up for awhile. Last I looked, .223 and 9mm ammo is hard to come buy, there was a shortage of primers etc. So many people are stocking up it is crazy.
I think that Beck is right about oil. The day the arabs decide to take oil off of the U.S. dollar, is the day the freefall begins.
http://www.prisonplanet.com/soros-china-will-lead-new-world-order.html
Just remember that this guy has the ear of obama to fill him with ideas
Just remember that this guy has the ear of obama to fill him with ideas
same thing these days. They set the table.thats about right, also i like your avatar tryed real hard to read the fine print but couldn't
hahaha! It says "sexual harrasment policy"
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