Posted on 12/24/2009 7:26:31 AM PST by FromLori
I guess what I disagree with on the OP is that there is no way out of this. IMO all we would need to do is reverse the socialist policies that are strangling our free market economy out of business. Get the government off the backs of the people and this will correct itself with amazing speed. That however is easier said than done, so we have our work cut out for us. My real concern is that turning this around with elections is getting more and more difficult. Those that we have in power right now are working really hard to make sure the people are stripped of their power to vote them out. That fact alone should raise red flags no matter what your political views.
Buying land someplace else is a currency safeguard - just make sure it’s Paid for - free and clear... because when inflation hits it would like trying to make a house payment that was $2,000 a month with a fifty cents payment - won’t wash...
How does it help American workers to pay higher prices on everything?
All tariffs do is kill all your importers and any businesses in America that rely upon imported goods. Autarky is not an economically sound policy.
Like, for example, sugarcane. America is much better at producing Corn than sugarcane. What does America have to gain by jacking up tariffs on a product that it cannot produce very much? How about Uranium?
“Zimbabwe’s prices were doubling each day at the end. You were paid twice a day so you could immediately go buy whatever you could find or afford before your currency devalued any more.”
Doubling sure but “value of an expensive bottle of wine one night is worth only the value of glass scrap the next day” !!.... Just try to work the math on that, it’s a bit more than doubling!
Like I said Hyperinflation happens but not that fast.
Zimbabwe would have to pay by the minute if that were the case, not twice a day.
Can’t find one ounce of info on this guy and even ardent free market economists (real ones, like the Nobel Winners, academics, researchers, i.e. people who you can actually find info on) aren’t as pessimistic as this guy.
Because hopefully the higher prices stay here, where workers have more disposable income and increase the demand. At the very least, we will hopefully have less idle hands.
parsy, who notices we don’t make much stuff no more here in the USA (like for example the wonderful Ibanez AG-75 I got for Christmas which was made in China)
Boil it. In fact boil all tap water before use.
Every copy of which should be gathered up and sent to China so we can crash their country.
parsy, who blames Ayn for a lot of this economic mess
CHeck your freepmail
Isn’t Ibanez a Japanese maker anyway?
The way to succeed is to get out of debt. Find work regardless how menial. Learn a trade. Educate yourself. First reduce your debt as much as possible, wean yourself off of debt. Then once debt free cut up your credit cards. Then start paying cash for everything. Cut down on luxuries such as going to the movies, eating out etc.
Liberal elitists only care about themselves. Their policies benefit only them and nobody else and all those who believe their rhetoric about liberals and democrats helping everybody is being taken for the kind of ride that Al Capone used to take people for.
“I hate to burst your bubble but things happened worse than that. Many of my relatives lived in Germany during that time and have related the situation in great detail in letters which we still have.”
It’s almost impossible to get any worse than the wine bottle example. Something being worth $35 or so being worth only a couple cents the next day would effectively be a total loss of value.
Yes, but I read they have factories in Korea, China, etc. It is a quality instrument however IMHO. Good sound. Beautiful finish. I have read some don’t the electronics, but they sound ok to me. My Ibanez Roadstar II got stolen last year. (Along with my ASAT and two dobros) I hope the thief gets coal in his stocking for the rest of his life.
parsy, the spiteful
May I add, that if you are able to elude your creditors, or have nothing they can seize, save the cash from paying your debts and invest it in securing a paid for something to live in and survival needs.
parsy, who lives in Arkansas where we fight dirty sometimes
A third party would need to be successful right from the getgo. That is why any talk of a third party is counterproductive. Rush Limbaugh makes this point over and over again. The thing to do is hold republicans to tough standards and if they fail to meet those standards vote only then for a third party candidate but never ever vote for a democrat.
Liberals MUST lie because that is the only way they can succeed.
Liberals are incapable of telling the truth except by accident or adlibbing.
Liberals can never answer a straight yes or no question.
Do you blame Von Mises too? Rand advocated a gold standard system in Galt’s gulch. As far as the Chicoms are concerned, they are the only major power standing up to 0bama’s Cloward-Piven strategy by sinking Copenhagen and giving lil’ Timmmy the tax cheat a tongue lashing now and then.
Perhaps you are playing the role of Francisco D’Anconia
If you read a lot of economics news, blogs, etc. he is very well known in fact many of his graphs are used by major sites
anyway here is more on him.
Thank you. My well is not very deep (75 ft. I think), so this should make things easier.
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.