Posted on 09/02/2014 6:02:44 PM PDT by Red in Blue PA
One-percenter show-off! Git him!
FED funny money devalues faster than it can be spent...
It’s a great article!
“Hoarding”: not investing.
Blames low velocity on Fed low-interest policy.
It’s not worth investing. And people get the higest returns by paying off debt.
Also mentions the “what happens when the low interest policy ends?” question. Boy will that government debt sit on the ‘real’ recovery when growth starts!
“Low inflation” is one of the great lies of the past 6 years. Gasoline prices have doubled. Food prices are outrageous - smaller containers and higher prices. Medical costs rising at near double digit rates with copays and deductibles increasing. Marginal income tax rates up as well as capital gains rates. Electricity prices climbing. College costs also running up at a high single digit rate. Rents are also climbing as are bank fees.
The true inflation rate is and has been running about 10-12% per year for the things the average person needs to live (food, energy, healthcare). Declining prices of consumer electronics don’t help most of us.
If the GOP were a real opposition party it would be pounding hard the issue of rising food, healthcare, and energy costs. Instead we hear crickets.
idiots
Are these people morons? Lacked inflation? Yes, they must be cognitively impaired.
well I do remember people saying when that administration got elected that the best way to deal with it was reduce incomes, buy at garage sales to reduce taxes of all kinds and refuse to buy anything until the administration was GONE
All the Fed’s have to do is declare said money has no value and issue new currency.
The FED suddenly declaring Dollars have no value is akin to Scientists suddenly declaring there is a large amount of Salt Water in the Pacific ocean...
“Hoarding” money? NO...
Saving money? YES...
The wife is retirement eligible in two years, I already have one and can start taking from my 401K in two years.
We can both be “out” at 55 if we want to, and have seriously been considering leaving the country, to make it stretch farther, as several other that we know already have.
What I’m saying is that the current money that’s out there can be declared worthless. You have to trade it in at ten cents on the dollar. They issue new dollars with a different design. Any dollar denomination is no longer valid.
Russian 380 and 9x18 showed up on line for a couple of days. Broke. I'll find money if 7.62x25 shows up.
All while the price of everything ya need has gone through the roof.
With such a corrupt government, with few real secure full time good paying jobs with zip benefits and zip retirements, I think anyone thinking of borrowing money is a fool. Even for a home, car etc.
It’s WAY too risky in today’s America.
Financial suicide IMO~
Saving is now hoarding in Obamaworld.
And where the hell is all this money coming from to actually hoard?
Oh wait, it must be my Individual Hoarding Retirement Account
"One of the great mysteries of the post-financial crisis world is why the U.S. has lacked inflation
Anyone that thinks (real) inflation is not raging in the USA is not worth reading.
You got that right.
That much is a good observation.
I think they used to call it “saving”, and it was encouraged.
You left out education and housing.
And can you imagine how much everything else would cost if everything else were still made in the U.S.A?
One of the ways our masters hide the true rate of inflation from us, has been by offshoring as much manufacturing and services as possible.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.