Skyrocketing Inflation on Everything

Quote from BargainSnatcher : The reason the economy is so big is because of the dollar bubble. There is a reason the federal reserve stopped publishing how many dollars are out there a few years ago. Not sure what relevance the military has, except it may be forced to be cut because of lack of funds. At some point in the future, the gov will have to devalue the dollar. I can't see any other way out of the debt problem except to default.

The reason why the economy is so big is because we produce more than anybody else. It has nothing to do with the "dollar bubble". Furthermore, there is no "bubble", the dollar floats against all other currency and PPP dictates how much we can purchase with the dollar. It's pretty well known how many dollars are out there.

The military has huge relevance. Don't you know that? Out of anything that is probably the 2nd most important factor in the dollar hegemony.

At some point in the future *ALL* governments will have to devalue (and are) devaluing currencies. However, "massive" inflation only takes place when nobody has faith in a currency, when they don't believe anything is backing it (and what backs the dollar? Our huge economy relative to everybody else and the military...duh). That's why any comparison of the US to Zimbabwe or Weimar is silly, because the same things don't apply to the US as to those two situations.

For as much crap as people talk about the dollar they really haven't given these things much thought...

Quote from spierce : The reason why the economy is so big is because we produce more than anybody else. It has nothing to do with the "dollar bubble". Furthermore, there is no "bubble", the dollar floats against all other currency and PPP dictates how much we can purchase with the dollar. It's pretty well known how many dollars are out there. The military has huge relevance. Don't you know that? Out of anything that is probably the 2nd most important factor in the dollar hegemony. At some point in the future *ALL* governments will have to devalue (and are) devaluing currencies. However, "massive" inflation only takes place when nobody has faith in a currency, when they don't believe anything is backing it (and what backs the dollar? Our huge economy relative to everybody else and the military...duh). That's why any comparison of the US to Zimbabwe or Weimar is silly, because the same things don't apply to the US as to those two situations. For as much crap as people talk about the dollar they really haven't given these things much thought...

If we know how many dollars are out there, why is there calls to audit the fed? And why did the chinese want independant auditors monitoring the presses?

And i guess it all depends on what we mean by "massive" inflation. That is a relative term. I certainly don't think we will be seeing $100 trillion dollar bills like in Zimbabwe.

Quote from BargainSnatcher : If we know how many dollars are out there, why is there calls to audit the fed? And why did the chinese want independant auditors monitoring the presses? And i guess it all depends on what we mean by "massive" inflation. That is a relative term. I certainly don't think we will be seeing $100 trillion dollar bills like in Zimbabwe.

There are calls to audit the Fed because people want to know to whom they are lending, exactly what they have for assets, amongst others. It really has nothing to do with how many dollars are out there.

LOL @ "presses", you cannot monitor the dollar through the "presses" (link to this laughable story). What a silly idea. The Chinese should be the absolute last country to point the finger at anybody regarding currency manipulation. It's even funnier that they want anybody to "monitor" anything because they are not only the #1 currency manipulator in history they are also a huge liar about their economy. If only we had a president that'd look to the world to set a float for the Yuan and set a tariff on all Chinese goods equiv. to the real market-value of the Yuan and the Chinese joke value.

Quote from spierce : There are calls to audit the Fed because people want to know to whom they are lending, exactly what they have for assets, amongst others. It really has nothing to do with how many dollars are out there. LOL @ "presses", you cannot monitor the dollar through the "presses" (link to this laughable story). What a silly idea. The Chinese should be the absolute last country to point the finger at anybody regarding currency manipulation. It's even funnier that they want anybody to "monitor" anything because they are not only the #1 currency manipulator in history they are also a huge liar about their economy. If only we had a president that'd look to the world to set a float for the Yuan and set a tariff on all Chinese goods equiv. to the real market-value of the Yuan and the Chinese joke value.

Sorry, it wasn't to monitor the presses, but the Federal Reserve

China says G20 should monitor US Fed [com.au]

Feds stop reporting M3 Money supply [wnd.com]

BTW, i'm not saying i'm right on all these things. I'm simply stating how i understand it and i always keep an open mind and accept that i could be wrong on many things. But thats why i share my view, to be educated where people think i am wrong

Quote from BargainSnatcher : Sorry, it wasn't to monitor the presses, but the Federal Reserve China says G20 should monitor US Fed [com.au] Feds stop reporting M3 Money supply [wnd.com] BTW, i'm not saying i'm right on all these things. I'm simply stating how i understand it and i always keep an open mind and accept that i could be wrong on many things. But thats why i share my view, to be educated where people think i am wrong

Again, China should be talking about themselves. They are a joke when it comes to trying to police others.

The biggest reason why they want the US "monitored" is because every % of inflation here leads to multiples of inflation there. That's because for every dollar we "print" here they need to print multiples of Yuan to keep the currency peg in place to try to bootstrap their crap country out of the dark ages. They are racing against time and they know it and they also know they are in a trap at this point.

The best indication of inflation is the price of goods. M3 might have been useful but it had a lot of shortcomings and wasn't that great of a predictor. Whether they cut it off b/c the actions needed to stabilize the monetary system or not is up in the air but that is their job.

Quote from sd444 : I've heard that before. Time to get out again.

True. Just a little more "it's way better to rent" sentiment and we're damn close.

Forget the "news stories" on this stuff.

Rising money velocity coupled with rising interest rates will get things moving. There's not a single thing [left] the Fed can do to force banks to lend, there has to be demand in the market(s). The Fed "prints" reserves and takes otherwise worthless junk off bank's balance sheets. It's a great system if you're in tight with the Ponzi crew.

Stagflation is just as worrisome as in-flation or de-flation. And you must define in- or de- in terms of asset prices or credit. For example, rising oil prices (asset) is de-flationary to US GDP (growth) while falling interest rates is in-flationary to the credit market (bond bubble). Nothing happens in isolation!

There will be demand for $US as long as the market will keep lending the to government. The politicians and the Nice Government Men have no control of it ultimately; thus the reason why they try constantly to get everyone to believe they do.

Thanks for everyone who responded! It's important to debate, educate, opininate these topics so the public get's more involved and more questionable to what is going on.

Quote from travathian : You have no facts to back up your claims, and a total misunderstanding of the basics of economics. 1) Utilities have no doubled. 2) Price of meat has not doubled 3) Oil is a global commodity, America has fark all to do with the price 4) Food industry is nearly a perfect market economy, so obviously people want those products 5) Taxes went up on people makin more money than you ever will, so why do you care? 6) My salary went up 300% last year. 7) Everyone you know huh? Well if that isn't a bullshit claim. Just stop posting already.

1) utilitiy "customer surcharge fees" have increased/doubled.
2) Egg prices have doubled over the last 4 years alone, and meats like chicken/lb are close to doubling
3) Oil has made some mid-eastern Kings very wealthy over their Kingdoms, Americans not so much.
4) Food industry Kings, pump salt and sugar into every processed marketed food product and sell at marked up prices, hoping all become fat so they eat more. (Is that perfect?)
5) Every person in the world has Greater Potential. The Rich got Rich in many ethical and unethical ways, and so can anyone. When Government makes a move to extinguish it's citizen's powers/ goals, i care.
6)
7) Welfare everywhere, with a president for Welfare and Raising taxes on any and all workers, means Companies must lay off employees left and right to continue to produce earnings because the government increases taxes, mandatory health insurance laws, and whatever else they mandate on Corporations of all sizes.

Quote from ViciousTide : What do you think about skyrocketing inflation? Have you seen this across all Slick Deals and the Forums?

Who gives a shit. You're retired living off the land and are as happy as can be

http://slickdeals.net/f/5151548-H...uming-less

I mean, seriously, are you bitching just for the sake of bitching? Sounds to me like someone isn't enjoying their early retirement and realizing they won't be able to make it by just leaching off of others.

Quote from BargainSnatcher : The reason the economy is so big is because of the dollar bubble. There is a reason the federal reserve stopped publishing how many dollars are out there a few years ago. Not sure what relevance the military has, except it may be forced to be cut because of lack of funds. At some point in the future, the gov will have to devalue the dollar. I can't see any other way out of the debt problem except to default.

Considering the US has $92 trillion in assets, I highly doubt that the US will default on its debts....

When I first read the thread I thought it was from someone serious, then I saw it was ViciousTide and we all know how big of a jerk-off he is.... What happened to your passive income Vicious? Did the truth fairy come out of the woods and knock you upside the head.

Quote from amoghthegamer : Considering the US has $92 trillion in assets, I highly doubt that the US will default on its debts.... When I first read the thread I thought it was from someone serious, then I saw it was ViciousTide and we all know how big of a jerk-off he is.... What happened to your passive income Vicious? Did the truth fairy come out of the woods and knock you upside the head.

We are talking about the US Gov. The value of the assets of its citizens don't play into it unless you are suggesting the Gov seizes all the assets to pay its debts.

And i don't think they will default, there is enough income to pay off the debt, its the spending that will be cut. That is unless the Gov decides to default on the debt and keep spending at home what it can.

Quote from BargainSnatcher : We are talking about the US Gov. The value of the assets of its citizens don't play into it unless you are suggesting the Gov seizes all the assets to pay its debts. And i don't think they will default, there is enough income to pay off the debt, its the spending that will be cut. That is unless the Gov decides to default on the debt and keep spending at home what it can.

I was talking about assets in the ground.... Not people's fortune. If the US government decided to mine all the gold, silver, copper, rare earths, and oil, I believe it would be around that.

Quote from amoghthegamer : I was talking about assets in the ground.... Not people's fortune. If the US government decided to mine all the gold, silver, copper, rare earths, and oil, I believe it would be around that.

If only it was that easy. If it was, we wouldn't be in debt right now.