I’d be willing to bet that – except for gold and silver -- Obama’s key “handler” (Soros) is short every U.S. market and has his “boy” talking the markets down every day.
Posted on 03/24/2009 7:55:28 PM PDT by 2ndDivisionVet
If this happens it will be Obama’s fault and there will be no denying it.
So, will Buchanan now cheer the upshot of these balance of payments, you know, once the Chinese quit buying and gettin burned on Treasuries? A capital account surplus [hint: what happen when the Chinese purchase our assets] is equal to a cuurent account deficit (aka trade deficit for those that worry about such things). So, if the capital accounts begin decreasing, the so-called trade deficit will improve. Is this not something like what Buchanan-types would wanted?
SPOT ON.
And that COMPLETE Keynes quote is this:
“By a continuing process of inflation, governments can
confiscate, secretly and unobserved, an important part of the
wealth of their citizens. There is no subtler, no surer means of
overturning the existing basis of society than to debauch the
currency. The process engages all the hidden forces of economic
law on the side of destruction, and does it in a manner which not
one man in a million is able to diagnose.”
John Maynard Keynes, The Economic Consequences of The Peace, 1920
Of course there will be denying it. The MSM will be full of "Bush's Fault".
But since Obama may not be worried about the next election, because he thinks there will not be one, he can ruin the economy at will, as long as it results in more power and control for the government, and of course for him.
I’d be willing to bet that – except for gold and silver -- Obama’s key “handler” (Soros) is short every U.S. market and has his “boy” talking the markets down every day.
“I invite the reader’s attention to the much more serious consideration of the kind of lives our ancestors lived, of who were the men, and what the means both in politics and war by which Rome’s power was first acquired and subsequently expanded; I would then have the reader trace the process of our moral decline, to watch, first, the sinking of the foundations of morality as the old teachings was allowed to lapse, then the rapidly increasing disintegration, then the final collapse of the whole edifice, and the dark dawning of our modern day when WE CAN NEITHER ENDURE OUR VICES NOR FACE THE REMEDIES NEEDED TO CURE THEM”.
The Early History of Rome
Livy ( Titus Livius ) 64 B.C.to 17 A.D.
What do you mean “there will be no denying it”? Of course there will be “denying it”.
I’m confused — are you not aware that the average Joe’s opinion on practically every topic is formed by the mass media? Or are you unaware that the Forces of Evil control the mass media?
If 2008 taught us anything, it taught us that despite the Internet and Talk Radio, for the average American, reality is whatever That Guy On TV says it is. If That Guy On TV says that the Great Asteroid Collision of 2032 is the fault of George W. Bush, then that will be the truth as far as the public is concerned.
Obama spin meisters won’t be able to sell it. Even a cud chewing Obamanite knows his money does not go as far. THEY will turn on him first.
The only way to escape the inflationary trap is to convert your monetary wealth to real property — i.e. goods or knowledge with actual value — and to become as self-sufficient as possible. Liquidate your paper wealth and convert it to property, tools, trade goods, education in practical trades, that sort of thing, not stocks, bonds, or anything with a “value” denominated in currency alone.
I hope you’re right, but it’s a faint hope.
B-Chan:
-—”Liquidate your paper wealth and convert it to property, tools, trade goods, education in practical trades, that sort of thing, not stocks, bonds, or anything with a “value” denominated in currency alone.”
Actually, I’ve thought that buying real estate would be a good thing at some point.
But your comment to not buy stocks doesn’t make sense because a stock is based on the value of a company which has assets and presumably, earnings.
Wouldn’t you (or anyone else here) agree that buying stock (shares) in stable companies is a GOOD inflationary hedge?
Not trying to argue here, just want some dialogue on the subject because I’ve been pondering this a lot lately (are stocks a good inflationary hedge?)...
Take an XOM (Exxon) for example: In an inflationary environment, the price of their product will go up and their profits too (although their overhead will go up too). Perhaps companies that sell commodities will fare best?
Comments anyone?
The Fed is unconstitutional.
I don’t trust the markets anymore. Sure, XOM’s a stable company today, just as GE was yesterday and Union Carbide last month. Come the next Middle East war, though, the price of crude busts $180 and suddenly U.S. Marshals are knocking on the door in Irving. “This company is hereby enjoined under the Defense Production Act (Pub. L. 81-774) of September 8, 1950 to place its petroleum exploration, drilling, refining, and transporting activities under the control of the Defense Priorities and Allocation System as specified in 15 CFR §§700 - 700.93.”
Spend the money in Vegas instead....it’s on the level there.
YOu’re absolutely right about crude going to go up well over $100. So energy is the gold of the future in an inflationary environment.
they don't call them "sheeple" for nothing....
its like watching people sleep walk thru their lives...no connection between them and reality....
No, that is not what the “Buchanan Types” want, it is what the “Obama Types” want. It is exactly as in this article what the “
“Buchanan Types” are warning us against. But, just in case you are the type that throws out the baby with the bath water because the tub says made in Buchanan on it. Remember that Common Sense also tells us that Zimbabwe politics do not mix well with free markets or prosperity. Once can not spend their way out of debt.
I do not like the inflation and over-injecting of the money supply. But, I cannot stand Buchanan, and his desire to want things both ways is going to provoke me to point out his inconsistencies.
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