Potential Future Hyperinflation: Could it Happen Here? »
Posted by: populist 2 months, 3 weeks agoWe're nearly or already bankrupt; are creating money to cover our obligations; the more we print, the more we need; it's fiat currency unbacked by gold; and every new dollar created dilutes the value of all others in circulation. Double the money supply, and presto - every dollar is worth 50 cents. Double it again, and you get the point.
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david_nwpa2 months, 3 weeks ago
In regards to unemployment, the article says...
"The Clinton administration was also manipulative. In calculating employment, it lowered its monthly household sample from 60,000 to 50,000, reducing it mainly in inner cities. The effect is to artificially lower jobless numbers among blacks, Latinos and the poor overall."
My question is simply why use either figure? What makes 50,000 or 60,000 an accurate sampling of the unemployed work force? Why not assess 100,000 people over a broader geographical span? In other words, the larger the sample spread out over a wider array of locales should paint a clearer picture.
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inplacenews2 months, 3 weeks ago
All this proves is that Obama is right. These people, the Bush Dynasty and the Clinton Era are really two periods of the same ruling power. The same establishment. I voted for Clinton both times, but in hindsight realize that I was voting for the same stuff with a different face as compared to what had happened before him and what happened after him.
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lfergie8122 months, 3 weeks ago
You're right about Clinton but my opinion is that it would have been a lot worse with H W Bush in for another term. Having said that, there had to be some big reason they tried to remove him from office before his terms were up and it wasn't what they published.
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cowboygrandpa2 months, 3 weeks ago
I was concerned when housing took off in the early seventies.
I saw inflation mixed with stagnation.
Interest went up and prices rose ridiculously high with little value being offered. It wasn't worth saving money because the inflation outstripped the interest being paid.
That is nothing compared to what we see today. This has taken the leaders quite a while to complete. What idiots they couldn't see beyond the next dollar.
When everything is worthless the elite power base will act to eradicate those who they feel do not deserve to be here.
They will have the masses to follow them because they will be hungry and weary of the financial boondoggle. They will not understand they are enslaving themselves.
Look at the world today, communist, terrorist, capitalist, socialist... they all chase the money for the ability to control.
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lfergie8122 months, 3 weeks ago
This is why I despise the president we have today. He has taken our country from the prosperity of January 2001 and driven it into near bankruptcy just as he did the companies he ran before. He is royalty though. He's the Dunce of Yale.
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walden32 months, 3 weeks ago
It's a Ponzi scheme. The time is going to come when people won't accept $'s any longer. Every time we print more $'s it reduces the value of what is already in circulation. Once people get tired of holding currency that is forever being diluted it will be dumped. Once it get dumped the value plummets and the US is left with the choice to do nothing or try to dig out by printing more $'s. It's not a pretty picture.
Because our debt is unmanageable, like some third world banana republic, I'm starting to move into the devaluation school of thought. The only way we ever can pay the trillions owed is by decreasing the value of what's owed. How do we do that, by printing more $'s. I'm starting to think that the government is purposely moving us to devaluation of our currency.
We are facing the perfect economic storm. Common working people are beginning to figure it out.
We may not know what's up, but we know something is cooking.
What are your thoughts?
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populist2 months, 3 weeks ago
Some great points, Walden - a storm is definitely on the horizon.
I think this, from the article, gives us some pretty good insight:
"We're nearly or already bankrupt; are creating money to cover our obligations; the more we print, the more we need; it's fiat currency unbacked by gold; and every new dollar created dilutes the value of all others in circulation. Double the money supply, and presto - every dollar is worth 50 cents. Double it again, and you get the point."
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TheRealizer2 months, 3 weeks ago
We have destroyed our Industrial-manufacturing base with offshoring and outsourcing, we export wealth, we import poverty. We are at the threshold of third worldism, we have let the bought and paid for congress destroy us as a viable country..
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PainGoddess2 months, 3 weeks ago
Of course and the powers that be do not care and are moving off shore after the jobs and where the housing is cheap. I would not want the currency backed by old as terrorists use it to fund their evil empire. (drugs too but that is another story) I look to the day that hard money in your pocket is no longer and everything is paid by plastic. Maybe the dollar value will be better. We shouldn't wish to be enslaved by currency with everything dependent on how much you buy. Bottom line is that there will be less spending power for many and the few will hold it all. Wasn't that a reason to get rid of monarchies?
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CaptainLucid2 months, 3 weeks ago
W is doing his best to keep the system going long enough for him and his pals to get their money out. The backing of the investment bankers but not individual borrowers. Wants to open up sales and leases of as many US and Iraqi assets so the rich can get their money into real ownership products like oil instead of currency.
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NeoCon2 months, 3 weeks ago
"you won't find him in the mainstream..."
That is because this guy has never read an econ textbook. The circulation of currency has nothing to do with its actual value. Most money is held in virtual accounts. The value of the dollar is based on what people are willing to trade for it not on its circulation in printed form.
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HMMace2 months, 3 weeks ago
THE WAY OUR GREEDY POLITICIANS ARE STEAKING AMERICAN TAX MONEY..YOU BET...
WHAT WE HAVE IS A BUNCH OF PIGS AT THE TROUGH...
AS LONG AS THEY GET THIERS--DAMN THE REST OF US...
THIER OWN POCKETS COME BRFORE THE COUNTRY OR ANY THING ELSE..
WE HAVE NEVER BEFORE HAD SUCH CROOKS IN WASHINGTON..
WE MUST NEVER RE-ELECT ANY POLITICIAN...
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GHOSTWHOWALKS2 months, 3 weeks ago
Well according to some I've heard, keep your guns handy because there is one whale of a lot of people angry enough to start the second revolution.
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canadianrancher572 months, 3 weeks ago
Alot of people think that government has no plan when it comes to money and/or debt, and most politicians don't have a plan, but there is a plan between those who back the political parties in a big way, the treasury department, the central bank and finally the federal reserve. NOw some of you will likely say here goes one of those nut cases with a conspiracy theory and may I am a nut case but I want you to think of large corporations where a group take control and destory the company with their greed, happens more often than you think. Now you take that idea and expand it many times and what do you get, you get the fleecing of a nation and it's people.
The resources of your country are security, countries like China and Japan and many others are creditors, The people are employees, your currency is the stock and the federal reserve is the board of directors.
When a company becomes insolvent what happens to the security, the creditors, the empoyees, and the stock.
Sort of simple.
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canadianrancher572 months, 3 weeks ago
Continued from above.
When a country becomes insolvent the resources end up in others hand, the creditors usually wind up a little short, the people just get screwed, and the currency becomes completely worthless, as for the board of directors, have you ever heard the term Golden Parachute, it means you take the money and bail out.
For those of you who consider this the rantings of a nut case just remember it has happened before.
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canadianrancher572 months, 3 weeks ago
MilesAway- Thanks for the invite but my concern is that as far as your currency it is beyond help and even the average American is getting to the point where they are unable to revive the economy which would help the currency. I'm not sure the proper way to survive a complete collapse of a countries currency but possesion of gold helps as well as being in the production of anything that can be consumed or exported.
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hefaa12 months, 3 weeks ago
Storm on the Horizon? Indeed.
The current U.S. Government already has plans in place for large scale civil disobedience.
Summer Camp:
http://www.buzzflash.com/farrell/06/02/far06003...
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