Ruh-roh, Riggy!
So was Peter Schiff, Jim Rogers and Marc Faber all who predicted this in early 2009 in writing and videos(posted here at FR BTW) long before Palin talked about it.
Yawn. Those rates are tame.
http://www.usinflationcalculator.com/inflation/historical-inflation-rates/
You ain’t seen nuthin’ yet!
LLS
Thoughts?
Sure, at what point do we pronounce Globalism’s demise?
Why would a banker loan money to a business this administration might put out of business in a few years??
-——Now that inflation has gotten started, it may be hard to stop ——
That sentence indicates the author has no clue. He doesn’t understand at all what is unfolding before his eyes.
There is no intention or desire or policy to stop inflation. Inflation is the desired goal. The intent of the various players is to manage inflation, not to stop it.
The combination of compounded inflation and resulting compounded marginal revenue increase will over time eliminate the debt. The process is actually the only way the debt can be eliminated. The whole world knows it too, and the process is pretty much universal.
To stabilize the debt, the deficits must be reduced to 0. The Republicans are attempting to do that now.
The last paragraph is very important. I wonder if enough people will get it before November, 2012?
***********Palin Ping***********
The author gives Palin full credit for this elementary and obvious outcome, as if it was her who suddenly discovered it.
Attempting to prop Palin up in this way is laughable and it will backfire on her in a big way. It's just another exxageration of who she is and what she has accomplished from her blind following.
For someone who the media along with a few nameless folks on FR, believe is too DUMB to be elected president, Palin is awfully correct on many of her observations regarding the economy.
JMO...
Oh, but she’s just some dumb Caribou Barbie biotch from Alaska she doesn’t know what she’s talking about!/sarc
Many of us saw this coming when the fed put the twin turbos on the printing press, shifted the transmission into overdrive and was printing money like mad. Government spending is sinking the economy and the only thing we can do is to get zero and his team into the unemployment line.
Tack on food and feul costs and it’s Carter levels.
Anyone who buys gas or groceries or just about anything else already knows this.
When Obama announced he wanted the stimulus, I asked my homeschooled teens what it would do. My kids knew it and all his spending would cause inflation and the devaluing of the dollar. My kids are even smarter than Obama.
Palin was Right PING!!!
I mailed my response to NRSC this morning, not their form but a note that said:
I will send my money to SarahPAC. I can’t wait to find a conservative democrat to vote for. If you want to know what needs to be done ask Sarah Palin.
Yeah, not like hundreds of others haven’t been warning against QE 2 as well. Of course it’s all about Palin!
Ugh!