The Crash of 2008?

The American Cause ^ | November 16 , 2007 | Patrick Buchanan

[fweingart]

The Fed had opened the sluices, and the money had swamped the stock market. ?

Crank up the presses. Print more money. Who cares what the dollar is worth. It's only a meaningless statistic, right?

[stylin19a]

and the loss of a third of the money supply

kind of a throw-away line. the Feds actually removed the money from circulation. In the U.S., a dollar was worth something, but nobody had one.
In Germany, everyone had Deutschmarks and they were worth nothing.

this would be a different kind of crash.

[TheThinker]

First, I think that the we have a tighter rein on the money supply now and have learned lessons from the depression. Second, Hoover is almost always blamed for the depression even though illegal gold speculation, drought and communist fanaticism was taking root. Could it be because he was a Republican. Hmm...

[glide625]

This will be a different kind of crash!

[SierraWasp]

"This will be a different kind of crash!"

Yes! It'll be exactly like the great PJB political crash of 1988!!!

[pabianice]

Selling short, are we, Pat?

[RightWhale]

The USA is so powerful it doesn’t need the $US but can run and outrun all the rest on any currency. BTW, oil up $4 today, and so is everything else. Gasoline you don’t want to hear about.

[L,TOWM]

ping a rooni

[Alberta's Child]

They’ve already been printing the money . . . that’s why the value of the dollar has declined so much in the last few years. Someone posted an interesting analysis on a thread last week indicating that the real inflation rate in the U.S. for the last twelve months was something on the order of 18% — not the 2% to 3% reported by the Federal government.

[Pietro]

I thought this might be interesting and then I saw it was written by Pattywagon Buchanon. The man’s a loon.

[Hydroshock]

Economy/Credit/Housing Issues Ping List

If you want on or off this list let me know.

[RightWhale]

Got to talk about core inflation. It’s like not mentioning ID on a C thread. Core inflation is stuff you don’t need on a daily basis. Food and fuel are not core.

[Hydroshock]

I do the shoppign for my family, and I can tell by the prices we pay for staples on the table that the current fed inflation numbers are a work of fiction worthy of Stephen King.

[Hydroshock]

Food and fuel is core to my family and our budget.

[Kevmo]

I do the shoppign for my family, and I can tell by the prices we pay for staples on the table that the current fed inflation numbers are a work of fiction worthy of Stephen King.
***I would bump that contention.

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Why the smart money is on Duncan Hunter
http://www.freerepublic.com/focus/f-news/1926032/posts
Posted on 11/15/2007 3:43:17 AM PST by Kevmo

[steve86]

Well, it obviously depends on how you weight and adjust things. But my own personal inflation gauge would be around 8 or 9%.

P.S. Why does the spelling checker flag "gauge"?

[RightWhale]

Your masters are not concerned with that. They consider the price of a Silverado pickup truck to be core.

[George W. Bush]

A sound money ping.

[Xenalyte]

“What’s the euro at now?” ping.