Dick Morris: Coming next year: Obama's inflation

The Hill ^ | March 3, 2009 | Dick Morris

[Centurion2000]

Obama is COUNTING on hyperinflation on the money supply and fixed rates on the national debt. The people holding t-bills will be screwed royally getting paid in paper money that is worth far less than a year ago.

BINGO ... and all those people that were in ARM's and got 'fixed' by O's plans .... they get off almost scott free.

And the middle class gets SOAKED when their treasuries become worthless.

[Canedawg]

Heh heh, you can always use that for your next tagline.

[dennisw]

We need an inflation/deflation ping list for all the inflation and deflation predictions....

We could get a betting pool going

[Atlas Sneezed]

What do you suggest buying that can be resold at market value? Curious.

---

Precious metal coins at a reasonably small premium over spot price (silver is nasty these days, so you may consider “real” spot to be higher than Comex spot by 20-30%. Gold should be about a 5% premium.)
Ammo in common calibers purchased at a good deal.
Used guns purchased at a fair price.
Etc.

[muawiyah]

Of course it's not "real" but it'll pass the chemical tests, and it's chemistry that makes the world go round.

I'm sure they can come up with something that has the same range of atomic weights as naturally occuring silver ~ if there really is such a thing.

[SteamShovel]

Whenever you see a graph with a large discontinuity like that, you know you have trouble.

There is no way any steady state dynamic process (as in the economy) can abruptly adjust to such a step change without going into wild gyrations.

We are in trouble.

[kamikaze2000]

I think it’s closer than next year, I’d say late summer/early fall of this year.

[diamond6]

bttt

[Mamzelle]

I’d trade Carter for Obama in an instant. Carter had some substance, wasn’t anti-American, but was merely incompetent. Obama is an America-hating empty suit.

[broncobilly]

Well if that isn’t the cat’s muawiyah!

[malkee]

No one under 40 has probably ever been required to take an economics course. I was. Two classes in fact. And everything Dick says was echoed by my professors all those years ago.

[Centurion2000]

Of course it's not "real" but it'll pass the chemical tests, and it's chemistry that makes the world go round.

No it wont. Drop touch of silver into nitric acid and you won't get silver nitrate or silver chloride when you add salt to the mix. I'd not be suprised if the density measurements are off as well.

But if it's part of jewelry ... maybe they can get it to fly.

[Centurion2000]

Correction ... drop a touch of this DELFT silver ...

[WVKayaker]

We are in trouble.

[muawiyah]

These are totally new elements never before seen ~ it’s just a way to stick the existing stuff together in novel ways (that business about getting two nuclei inside the same electron shell) ~ so we don’t know what would happen in your ‘spirment.

[cherry]

some groceries have come down in price.....but today I was going to buy some cream cheese and I was astonished that at Albertsons it was $2.79 for one of those little boxes!

[cherry]

from my humble perspective, I'd say that we will see shortages first.....maybe we can't find a specific spice...or maybe the shoe selections will be skimpy...maybe steaks will be available only one at a time.....

when we have shortages.....due to closing of factories, and docks, etc and of businesses.....we will see price hikes in a matter of days.....

[DaGman]

So then you move your money from the market into CD’s with big interest numbers a la 1980’s. Tons of money to be made.

[Centurion2000]

Got a link? BEcause I’m about ready to call BS. This would have been huge news and stuff that Nobel Prizes are given out for.

[muawiyah]

http://www.sciencenews.org/view/feature/id/32948/title/Small,_But_Super

You can do your own research. There are hundreds of thousands of boards referring to "super atoms". It's turning into quite a broad field.

And yeah, folks get prizes for finding this kind of thing.