Posted on 11/12/2008 2:30:15 PM PST by cal08sun
Right, I said inflation will come “eventually.”
We could use a nice dose of deflation right about now.
The figure of 7% was selected because it seemed low enough to be tolerable and about as high as it can go without severe grumbling. Secondly it will compound to double in around the nice round number of 10 years. I really have no strong evidence about quantifying the rate.
The point is that rulers always inflate to solve problems of national debt.
They've been into this paper money thing far longer than we have.
By not revaluing the Yuan they deflate the value of our money in their vaults, and that, in turn, deflates the value of our money everywhere ~ even here!
I don't think they're going to try to redeem it any time soon. That's because it would inflate the value of the Yuan, and since it's such a large chunk, they'd probably make quite a bit unloading the first half trillion but they'd lose their shirts on the second half trillion.
We can't even "inflate" our way out of this one because the dollar is currently way undervalued. All we an possibly do is reach parity where one dollar is one dollar.
There’s a Billy Joe Shaver song that says “I’d have never felt the sunshine if I hadn’t felt the rain”.
I’m afraid there are two many spoiled people in this country who’ve lived in sunshine their whole lives. Their idea of freedom is plenty of food to eat and a television to watch American Idol.
Commies ain't that good.
That was written in the late forties or early fifties and read on the floor of the House of Representatives in 1963. That is a far sight longer than five or six years. Simply look around you and see how much on the list has already been accomplished.
If you can't see that then I better understand why you think that unions are an antidote to government interference and why union controlled USPS can't on their own raise prices. It is more an honor among thieves thing than a counter balance of power. If USPS wants or needs more money then the government will give it to them either through subsidies (taxpayer money) or through increased postage prices (consumer/taxpayer money).
How much has the UAW protected the automakers from onerous taxes and regulations that strangle them? The combination of taxes, regulations, and unions is why the auto makers are near extinction.
Democrats have always tended socialist, but now we have a full-fledged communist running our country. I fear it will take more than letters to congressmen to wake people up. But first it must and will get very, very economically rough so Obama can say, "See, this is what capitalism gets you!" I can see it playing out as I write. And a majority of Americans will embrace him because he is change, he is black, he is something 'else' which can, in their minds, be an improvement.
Merle Haggard wrote, “A Hard Depression Time Would Sure Do Fine”, and “In the Good Ole Days When Times Were Bad”. I hope not to visit those days, but they are just around the corner for America. People will demand their decadence...their TVs, movies, McDonalds. Obama will placate but will have no substantive delivery of markets. I find it funny that Obama was elected on the ether of Change and then demands Bush pony-up $50 billion to the automobile manufacturers. I thought democrats railed against industry. They were his enemy, the enemy of the little man. He isn’t out there calling for paying off the subprime debt to get the little guy out of dutch. He is calling to get GM, Ford, AIG, the banks out of dutch. Hell, with the trillins he is spending they oculd have payed off every bad loan, given the people their houses for free, removed the subprime losses from the banks books....Yes, and if a frog had winges he could romance a pigeon.
A Hillary as SOS. Man, that’s change we can believe in. Yes, we can.
I can’t wait for some O supporter to bring up what he’s doing. But, it’s funny that lately I haven’t heard one person saying they’re glad he won.
I hope the Mayans are right. Only 4 years of this crap.
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