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Joined: 3/8/2006
Msg: 3
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A Nation of Inflation?Page 2 of 2    (1, 2)
it all depends when China calls in the loans that USA is running on.... China can crash the states when it wants to. It would be strange if USA starts to have aggressions with China as happened recently..... The states would have to get money from them first.... Bizzarre world...
Joined: 1/21/2007
Msg: 4
A Nation of Inflation?
Posted: 3/11/2009 6:44:50 PM
China cannot crash the Us. They have too much invested and would lose way too much. They do have their 100 year plan, but, the US has the final trump card in that little scenario....we call it "nationalization". Not a nice thing to do, but it has been pulled before, and will be again.
Anyhow's....history has proven that inflation follows recession. Then there comes a short time of relative stability, and then we go right back into the same cycle again.
One way to level it out is to introduce wage and price controls, and tariffs on imported goods. The tariffs are used to "inflate" the price of imports to prices more in line with domestically produced products. This protects jobs, allows consumers to have a choice of items without the outlandishly inflated pricing of goods produced locally (or within that nation.) Since the gov't has refused to do this kind of thing, we now have many jobs being outsourced, Walmart dictating that their producers move their manufacturing ops to China, etc, etc.
When we (if ever) finally get leaders in who are more interested in actually running the country than running for re-election, then and only then will this cycle of recession and inflation have its back broken. It won't mean it won't continue...but it will not be near as harsh for so many people.
Joined: 1/5/2008
Msg: 5
A Nation of Inflation?
Posted: 3/12/2009 5:13:40 AM
Regarding message #10

How can we have a so called "strong dollar" when the printing press seems to be printing them at a record setting pace? We also have a "Borrowing" problem. How are we ever going to pay these Nations back in the long term? Were gonna end up owing China so much money that we will just have to give them joke I heard at work)

Regarding message #8

Price controls will only lead to the black market. I read about those little blue eagles otherwise known as the "National Recovery Administration." In 1935, the United States Supreme Court declared the "NRA" (National Recovery Administration) as unconstitutional in the court case of Schechter Poultry Corp. vs. US, on the grounds that it violated the Constitution's separation of powers.

The Government really only has 3 primary ways to raise large amounts of money:

-Printing money
-Using taxes to get money
-Borrowing money from investors

What happens when the investors throw in the towel and say "No more"?
Then all we have is taxation and the printing press.
I don't think we know just how dependent we are on that money that is borrowed from over seas. But we will know how dependent we were when those foreign loans stop flowing into America.

Using just the printing press will lead to some pretty bad inflation. While taxing people to death will only lead to a much lower standard of living and anger.

Both cases could lead to civil unrest.

People act accordingly to what their stomach say's.............
Joined: 1/5/2008
Msg: 6
A Nation of Inflation?
Posted: 3/16/2009 3:08:57 PM
The US Dollar could lose it's worldwide "reserve" status in the near future, which could devalue the dollar considerably.....Thus leading to higher inflation and a lower standard of living for many.

Might not be a bad idea to have some cash in the form of gold, silver, Swiss Franc's(The current Swiss Paper money) and maybe even the Euro.(Though the Euro may be a bit risking and a bit of a wildcard)
Joined: 3/16/2006
Msg: 7
A Nation of Inflation?
Posted: 3/16/2009 3:21:30 PM
i loved the dirty bankers quote (crockett and tubbs were going after him) in an old episode of miami vice:
"the American dollar is the best in the world -when we sneeze -other countries catch cold"
Joined: 1/5/2008
Msg: 8
A Nation of Inflation?
Posted: 3/19/2009 2:44:03 PM
Yesterday the Federal Reserve created 1 trillion dollars out of thin air and pumped it into the economy (They bought Treasury bonds and mortgage securities.) But nobody in the media is talking about this story. Oh no! They are all talking about the outrage over the $165 million dollar AIG bonuses. But not much of a peep on this story.

If this does not work it will lead to severe inflation, the destruction of the US dollar and a depression like we've never thought possible. (God I hope and pray that it works. But I have my doubts)

"These cronies in Washington are like a bunch of little kids with a chemistry set. They keep throwing chemicals together hoping to find a miracle but they re gonna blow us all up!" Peter Schiff.

Do yourself a favor and use your US dollars to buy gold, silver, food and currency from other nations while the US dollar still has some strength.

Tell your congressman/woman to support H R 1207 (The Federal Reserve Transparency Act of 2009)

Or any other bill that call's for the complete abolishment of the Federal Reserve. They are the king pins behind the financial meltdown that is going to turn into a financial implosion very soon.

Attend the "End the Fed" rallies on 4-25-2009!
Joined: 1/5/2008
Msg: 9
A Nation of Inflation?
Posted: 3/20/2009 12:54:51 PM
Peter Schiff sums up the Fed's actions.....

by Peter Schiff
March 20, 2009

There is an old adage on Wall Street that no one rings a bell at major market tops or bottoms. That may be true in normal times, but as many have noticed, we are now completely through the looking glass. In this parallel reality, Ben Bernanke has just rung the loudest bell ever heard in the foreign exchange and government debt markets. Investors who ignore the clanging do so at their own peril. The bell’s reverberations will be felt by everyday Americans, whose lives are about to change in ways few can imagine. While nearly every facet of America’s economy has been devastated over the past six months, our national currency has thus far skipped through the carnage with nary a scratch. Ironically, the U.S dollar has been the beneficiary of the global economic crises which the United States set in motion. As a result, our economy has thus far been spared the full force of the storm.

This week the Federal Reserve finally made clear what should have been obvious for some time – the only weapon that the Fed is willing to use to fight the economic downturn is a continuing torrent of pure, undiluted, inflation. The announcement should be seen as a game changer that redirects the fury of the financial storm directly onto our shores.

In its statement, the Fed announced its intention to purchase an additional $1 trillion worth of U.S. treasury and agency debt. The purchases, of course, will be made with money created out of thin air through the Fed’s printing presses. Few can doubt that they will persist with these operations until the economy returns to its former health. Whether or not this can ever be accomplished with a printing press alone has never been seriously considered. Bernanke himself admits that we are in uncharted waters, with no map or compass, just simply a hope that more dollars are the answer.

Rather than solving our problems, more inflation will only add to the crisis. Falling asset prices, the credit crunch, declining consumer spending, bankruptcies, foreclosures, and layoffs are all part of the necessary rebalancing of our economy. These wrenching movements, however painful, are the market’s attempts to resolve the serious problems at the root of our bubble economy. Attempts to literally paper-over these problems will lead to disaster.

Now that the Fed has recklessly shown its hand, the mad dash to get out of Treasuries and dollars should not be far off. The more the Fed prints to buy bonds the less the dollar is worth. Holders of our debt (read China and Japan) understand this dynamic. We must expect that they will not only refuse to buy new bonds, but they will look to unload those bonds they already own.

Under normal circumstances, if creditors grew concerned that inflation was eating into their returns, the Fed would raise interest rates to entice them to buy. However, the Fed will avoid this course of action as it fears higher rates are too heavy a burden for our debt laden economy to bear. To maintain artificially low rates, the Fed will be forced to purchase trillions more debt then it expects as it becomes the only buyer in a seller’s market.

Just last week, Chinese premier Wen Jiabao voiced concern about his country’s massive investments in U.S. government debt. In the most unequivocal statement yet by the Chinese leadership on this issue, Wen made it plain that he was concerned with depreciation, not default. With his fears now officially confirmed by the Fed statement, we must wonder when the Chinese will finally change course.

There is a growing consensus that if China no longer wants to buy our bonds, we can simply print the money and buy them ourselves. This naïve view fails to consider the consequences implicit in such a change. When the Treasury sells bonds to China, no new dollars are printed. Instead, China prints yuan which it then uses to buy treasurers. This effectively allows America to export its inflation to China. However, now that we will be printing the money ourselves, the full inflationary impact will fall directly on us.

With such a policy in place, America has now become a banana republic. It won’t be too long before our living standards reflect our new status.

Got Gold?

Joined: 1/14/2007
Msg: 10
A Nation of Inflation?
Posted: 4/4/2009 6:55:48 PM
Can it happen here? I was in an office the other day and on the wall was a Zimbabwe 10 trillion dollar bill. When I asked about it the man said he was sending them to politicians in Washington. When I looked them up on the internet I found that Zimbabwe was printing 100 trillion dollar notes.

Zimbabwe prints $100 trillion notes

Press TV
Friday, Jan 16, 2009

Zimbabwe’s central bank has introduced a 100 trillion dollar note in the face of a hyperinflation that has paralyzed the economy.

State media announced the plans for the new 100,000,000,000,000 Zim-dollar bill on Friday.

The bank is introducing three other notes in trillion-dollar denominations of 10, 20 and 50, Harare-based Herald newspaper said.

The new family of bank notes was introduced to “ensure that the public has access to their money from banks,” the Reserve Bank of Zimbabwe said in a statement quoted by the Herald.

The move comes just a week after the printing of billion-dollar bills which have since been rendered too small.

The last official estimate in July put inflation at a staggering 231 million percent, possibly standing at a much higher figure currently.

The economic crisis in the country which is currently under US and EU sanctions has virtually dismantled Zimbabwe’s health services, while the impoverished country suffers from chronic shortages of basic needs.
Joined: 3/1/2009
Msg: 11
A Nation of Inflation?
Posted: 4/4/2009 7:58:15 PM
Um... Hello inflation has already taken place. Am I the only one that has bought rice, beans, coffee, cheese or milk lately?
Joined: 1/14/2007
Msg: 12
A Nation of Inflation?
Posted: 4/4/2009 9:11:31 PM
Inflation gone wild.

Notice: The Zimbabwe government redenominated the ZWD again on February 2, 2009
at a rate of 1,000,000,000,000 old ZWD to 1 new ZWD.
1.00 ZWD = 0.00433501 USD
Zimbabwe Dollars United States Dollars
1 ZWD = 0.00433501 USD 1 USD = 230.680 ZWD
Inflation gone wild and then someone handed out soom lsd
Joined: 1/5/2008
Msg: 13
A Nation of Inflation?
Posted: 5/22/2009 5:33:12 PM
I think we are now finally seeing the beginning of the decline of the US dollar.

In the past week most major foreign currencies are having strong gains against the US dollar.

Precious metals are also on the rise.

The media keeps telling us that the economy has finally hit rock bottom and now is the time to invest. I think your a fool to invest in stocks as the market will probably bottom out next year. How can the economy improve or bottom out if unemployment keeps rising? Where are the 3 million jobs that Obama told us that his stimulus plan would create?

In Reply to message #26

Your right! Deregulation was Mr. Gramm's idea. But it was authorized by President Clinton. Give credit where credit is due.
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