Posted on 10/02/2010 7:08:58 AM PDT by blam
Time to buy some gas and oil ETFs...
Of course the collapse in demand will likely limit the gains....
Time to hoard your commodities... well, it was time to start that years ago. :)
I wish I could have hoarded sodium hypochlorite (liquid chlorine) for the pool a few years ago when it was 1/3rd what it is now.
And the masses will be too stupid to understand everything caused by the dems leading up to it.
They’re trying to scare the $$$$ out from the corporate mattresses. Business is holding on to Trillions because they can’t invest it in growth right now since we have pinheads running the government.
So the pinheads are trying to stir up fears of inflation in an effort to scare the businesses into letting go of their money. But here’s the problem. So long as consumer confidence is down, demand is down. That is anti-inflation.
"Further action is likely to be warranted unless the economic outlook evolves in such a way that makes me more confident that we will see better outcomes for ... inflation before long."
In the minds of our masters, inflation is good.
Doom on them.
...hold on to your hats for higher food prices...I noticed that Walmart has done away with ‘rollback’ grocery specials at my local store...another sign of the times: my favorite Chinese restaurant has new pricing on the menu.
Soon you will have to label them:
October 31, 2010 and November 1, 2010.
Inflation helps those who are in debt over their heads (they pay back debt with worthless moeny), those who charge to the hilt, and those who live irresponsibly.
In short, Obama is sticking it to the middle class and helping the irresponsible. It's a different way to do redistribution, but just as effective.
Many of us for years have imagined a future of extreme austerity. It has been a long time now, so I can't understand why there are still people who have mortgages they couldn't pay off if they had to, any debt except maybe a car loan, and have put themselves in a situation where they can avoid expensive repairs, etc. Go to your local dollar store and figure out which foods are healthy and cheap.
Anyone who has prepared properly might finally be able to get ahead somewhat if interest rates on savings skyrocket and they can figure out which things in their lifestyles are actually luxuries.
I suspect the majority of the population could end up for all practical purposes as slaves, afraid to speak out or change jobs if they have them, living paycheck or handout check to just get by to the next one and with an amount of debt that makes it impossible to break the cycle.
This has always been true. The price of food, or anything that anyone actually needs for that matter, never goes down, ever.
Inflation is caused by increasing the monetary base (printing money). The only thing we need now is the velocity (circulation) and there’s inflation.
.....Inflation is coming......
The author misunderstands on a grand scale.
The whole point of his article is to point out that inflation is already here and from this point out will continue.
That was the conventional wisdom when inflation hit in the 1970s. I'm just not sure it worked that way. It seemed that those who went into it with no debt and minimal expenses and lived frugally, staying out of savings (even if it meant being on the edge of poverty) outlasted it.
My mother lived in a neighborhood of mostly seniors back then. It seems to be how it worked out. A lot of those seniors remembered the lessons of growing up in the depression. Some gave up cars, they wore clothes they already had, they had gardens, they kept life real simple and didn't try to outsmart anyone or anything. My mom, even when the interest rate went down to 2%, never took more than that interest out of the bank each year. When those interest rates skyrocketed, she lived quite comfortably, and pretty much kept to that frugal lifestyle.
“Theyre trying to scare the $$$$ out from the corporate mattresses. Business is holding on to Trillions because they cant invest it in growth right now since we have pinheads running the government.
So the pinheads are trying to stir up fears of inflation in an effort to scare the businesses into letting go of their money. But heres the problem. So long as consumer confidence is down, demand is down. That is anti-inflation.”
I agree. It really doesn’t make a whole lot of sense to me right now as to why industrial commodities should rise.
Here’s what’s occurred to me:
1. I don’t see the industrial demand. The economy is moribund, and it will remain that way until Obama and his Marxist Rat allies are kicked out for good.
2. I don’t see systemic inflation kicking in for at least a couple of years. If anything, deflationary forces are at work right now.
So, I wonder what the motivation is for commodity price rises:
1. Long term investment, while the dollar is still worth something?
2. Money from the rigged stock market has fled into commodities?
3. A nefarious scheme using leverage for a pump and dump operation by Soro, et. al.?
4. A scheme by the Fed to counter deflation by leveraged purchases in the commodities futures markets?
Anybody care to comment?
My son in his third year of selling popcorn for his Cub Scout pack is getting looks of disbelief this year when his customers look at the prices. They have skyrocketed.
A bag of caramel popcorn with a box of microwave popcorn $47.95
Bag of almonds $49.95
Trail Mix $27.95
2 boxes of movie popcorn $39.95
Yogurt-covered Pretzels $43.95
Then add $8.95 for shipping if you order over the web
Granted the Scouts add to the cost with money that will go back to them but there is a threshold people just wont cross, especially when the economy is so bad. Even my son, who is only nine, looked at the price list and said “what the heck?”
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