Preparing Americans for Hyperinflation
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Or... Since this recession: The Federal Reserve has increased the base money supply from $800 billion to $1.7 trillion; The Banks have absorbed this increase into their Excess Reserves. But, rather than lending 10x the amount of these reserves, causing hyperinflation, the Banks are sitting on them. Why? Future losses: credit card defaults, commercial real estate defaults, foreclosures, walk-aways, and other bad debts. The Federal Reserve has printed the money to cover the Banks' losses. Effectively, these Excess Reserves do not exist. So, hyperinflation due to the current increase in the money supply is unlikely. But, hey, it's Economics: The Science of explaining Tomorrow why the Predictions You made Yesterday didn't come true Today.[^] :) Oh, and buy actual gold. Some little bit of paper from a commodity dealer is, in a crisis, as worthless as the USD.
Bob Emmett I solemnly declare that I do not wish the USA to be more like Britain, Canada, or Oz.
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Or... Since this recession: The Federal Reserve has increased the base money supply from $800 billion to $1.7 trillion; The Banks have absorbed this increase into their Excess Reserves. But, rather than lending 10x the amount of these reserves, causing hyperinflation, the Banks are sitting on them. Why? Future losses: credit card defaults, commercial real estate defaults, foreclosures, walk-aways, and other bad debts. The Federal Reserve has printed the money to cover the Banks' losses. Effectively, these Excess Reserves do not exist. So, hyperinflation due to the current increase in the money supply is unlikely. But, hey, it's Economics: The Science of explaining Tomorrow why the Predictions You made Yesterday didn't come true Today.[^] :) Oh, and buy actual gold. Some little bit of paper from a commodity dealer is, in a crisis, as worthless as the USD.
Bob Emmett I solemnly declare that I do not wish the USA to be more like Britain, Canada, or Oz.
So I suppose you are the definitive authority on economics? There is certainly no shortage of real PhD Economists that say we are headed towards hyperinflation.
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Let me summarise. I'll criticise the paranoia in this video, you'll call me names, I'll respond with more pertinent points and holes in the theory, you'll call me a bad parent. I'll both explain to you what good parenting is, and continue to demolish the drivel you're posting. You'll copy and paste that thing you like to reply to me with, as a starting point to calling me a eugenicist over and over. That will drag on for a bit, and the points of the video will in no way be discussed by you, nor will you ever reply with anything meaningful in response to any criticisms I make of it's theories and world view. Now, that saved us both a lot of time, don't you think ? At least in the days before youtube, these sort of theories forced stupid people to read a bit....
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
What do you say to all of the PhDs in economics that have worked for big financial institutions that say we are headed towards hyperinflation?
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What do you say to all of the PhDs in economics that have worked for big financial institutions that say we are headed towards hyperinflation?
CaptainSeeSharp wrote:
What do you say to all of the PhDs in economics that have worked for big financial institutions that say we are headed towards hyperinflation?
None of you sons of b****es warned us about the current disaster, so why should we believe you about the next one? A few years ago just about every economist in the west continued to predict growth forever. They are about as good at predicting economics as meteorologists are at predicting the weather.
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CaptainSeeSharp wrote:
What do you say to all of the PhDs in economics that have worked for big financial institutions that say we are headed towards hyperinflation?
None of you sons of b****es warned us about the current disaster, so why should we believe you about the next one? A few years ago just about every economist in the west continued to predict growth forever. They are about as good at predicting economics as meteorologists are at predicting the weather.
Richard MacCutchan wrote:
None of you sons of b****es warned us about the current disaster, so why should we believe you about the next one?
Yeah they have, I've seen interviews with top economists from a couple years ago all the way back to the 80s about how unstable our economy is and how the coming collapse is going to be worse than anything we've ever seen. People don't listen.
Richard MacCutchan wrote:
A few years ago just about every economist in the west continued to predict growth forever.
Just about? There were plenty of economists exclaiming that we can't continue to go on like this and told the truth about what shape our economy is in. These are the guys you need to trust because they were right, and what they say is common sense even. People only listen to what they want to hear, and they want to hear that everything is rosy, even though it most certainly is not. People like Ben Bernake, and their economists are the ones that tell fairytales, they are the ones helped create the problem in the first place.
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Richard MacCutchan wrote:
None of you sons of b****es warned us about the current disaster, so why should we believe you about the next one?
Yeah they have, I've seen interviews with top economists from a couple years ago all the way back to the 80s about how unstable our economy is and how the coming collapse is going to be worse than anything we've ever seen. People don't listen.
Richard MacCutchan wrote:
A few years ago just about every economist in the west continued to predict growth forever.
Just about? There were plenty of economists exclaiming that we can't continue to go on like this and told the truth about what shape our economy is in. These are the guys you need to trust because they were right, and what they say is common sense even. People only listen to what they want to hear, and they want to hear that everything is rosy, even though it most certainly is not. People like Ben Bernake, and their economists are the ones that tell fairytales, they are the ones helped create the problem in the first place.
CaptainSeeSharp wrote:
People don't listen.
People don't always hear; you have to remember that all of these 'experts' are filtered by the media, so the ones who may know what's going on may not always get a fair hearing.
CaptainSeeSharp wrote:
People like Ben Bernake, and their economists are the ones that tell fairytales, they are the ones helped create the problem in the first place.
The problem, as always, is who do we believe when we hear conflicting predictions, theories etc. It's easy to sit here now and point out the ones who were right, but it wasn't so easy two years ago. And many of those who are maybe calling it right now were not doing so then.
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What do you say to all of the PhDs in economics that have worked for big financial institutions that say we are headed towards hyperinflation?
CaptainSeeSharp wrote:
What do you say to all of the PhDs
What do you care? You've clearly have no respect for education and are sorely lacking one yourself. How many times have you bragged to us about how you squandered your educational opportunity? You're dumb as a stump and ignorant as an ass.
You measure democracy by the freedom it gives its dissidents, not the freedom it gives its assimilated conformists.
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CaptainSeeSharp wrote:
People don't listen.
People don't always hear; you have to remember that all of these 'experts' are filtered by the media, so the ones who may know what's going on may not always get a fair hearing.
CaptainSeeSharp wrote:
People like Ben Bernake, and their economists are the ones that tell fairytales, they are the ones helped create the problem in the first place.
The problem, as always, is who do we believe when we hear conflicting predictions, theories etc. It's easy to sit here now and point out the ones who were right, but it wasn't so easy two years ago. And many of those who are maybe calling it right now were not doing so then.
Richard MacCutchan wrote:
The problem, as always, is who do we believe when we hear conflicting predictions, theories etc. It's easy to sit here now and point out the ones who were right, but it wasn't so easy two years ago.
Well, that is where thinking for yourself comes into play. People should think about it, do a little research, and look at whats going on in the country. It really isn't that hard to figure out, but people don't WANT to figure it out, or even hear about it for that matter.
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CaptainSeeSharp wrote:
What do you say to all of the PhDs
What do you care? You've clearly have no respect for education and are sorely lacking one yourself. How many times have you bragged to us about how you squandered your educational opportunity? You're dumb as a stump and ignorant as an ass.
You measure democracy by the freedom it gives its dissidents, not the freedom it gives its assimilated conformists.
Let me make this very clear, I never squandered my education. I got my Diploma, got a job, and started buying books and really buckled down to get educated, and I still do that today. Getting an education is easy, paying for it is not. I pay for what I can, and I get more out of it than a multi-thousand dollar lecture in a crowed room.
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So I suppose you are the definitive authority on economics? There is certainly no shortage of real PhD Economists that say we are headed towards hyperinflation.
CaptainSeeSharp wrote:
So I suppose you are the definitive authority on economics?
If you knew anything about economics, you would know that that there is no "definitive authority". The suggested alternative scenario is one of many being argued over by "real PhD Economists", including deflation, inflation, and hyperinflation. BTW Isn't Bernanke a "real PhD Economist"? A Professor, even?
Bob Emmett I solemnly declare that I do not wish the USA to be more like Britain, Canada, or Oz.
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CaptainSeeSharp wrote:
So I suppose you are the definitive authority on economics?
If you knew anything about economics, you would know that that there is no "definitive authority". The suggested alternative scenario is one of many being argued over by "real PhD Economists", including deflation, inflation, and hyperinflation. BTW Isn't Bernanke a "real PhD Economist"? A Professor, even?
Bob Emmett I solemnly declare that I do not wish the USA to be more like Britain, Canada, or Oz.
Bob Emmett wrote:
BTW Isn't Bernanke a "real PhD Economist"? A Professor, even?
Ben Bernake knows economics well I'm sure, that is why he is the Federal Reserve chairman. He MUST tell people that everything is fine to avoid scrutiny. The last thing he wants is for people to realize that the Federal Reserve is the root of the problem and a very powerful and corrupt institution causing great harm to the economy.
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Richard MacCutchan wrote:
The problem, as always, is who do we believe when we hear conflicting predictions, theories etc. It's easy to sit here now and point out the ones who were right, but it wasn't so easy two years ago.
Well, that is where thinking for yourself comes into play. People should think about it, do a little research, and look at whats going on in the country. It really isn't that hard to figure out, but people don't WANT to figure it out, or even hear about it for that matter.
CaptainSeeSharp wrote:
Well, that is where thinking for yourself comes into play. People should think about it, do a little research, and look at whats going on in the country world.
It is a global financial crisis.
CaptainSeeSharp wrote:
It really isn't that hard to figure out, but people don't WANT to figure it out,
So you had it figured out, ahead of all those "real PhD Economists" (only 11 of whom predicted the crisis in detail)? Do you not think those whose livelihood depended on their predictions WANTED to think about it. And still got caught out.
Bob Emmett I solemnly declare that I do not wish the USA to be more like Britain, Canada, or Oz.
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Let me make this very clear, I never squandered my education. I got my Diploma, got a job, and started buying books and really buckled down to get educated, and I still do that today. Getting an education is easy, paying for it is not. I pay for what I can, and I get more out of it than a multi-thousand dollar lecture in a crowed room.
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My goal is not to insult or upset him. It's to show him for what he is. That will stop anyone with half a brain from being sucked into his drivel, and if he's not completely brain dead he may wake up with time, also.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
Christian Graus wrote:
he may wake up with time,
You mean go back to sleep. Many people are totally asleep, its almost like they are lobotomized. They just go... OHghg! nuuh uuhhh, BE QUIET!, its fake its fake, then they turn to the TV.
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Bob Emmett wrote:
BTW Isn't Bernanke a "real PhD Economist"? A Professor, even?
Ben Bernake knows economics well I'm sure, that is why he is the Federal Reserve chairman. He MUST tell people that everything is fine to avoid scrutiny. The last thing he wants is for people to realize that the Federal Reserve is the root of the problem and a very powerful and corrupt institution causing great harm to the economy.
CaptainSeeSharp wrote:
The last thing he wants is for people to realize that the Federal Reserve is the root of the problem and a very powerful and corrupt institution causing great harm to the economy.
Be careful. If you start discussing the Fed with anyone here, whoever it is, odds are they will show your ignorance again, just like we did last time. I just spent an hour talking to people in the back room. To go from that intelligent discussion ( much of which I disagreed with, but which was discussed with respect and intelligence ), to this, is depressing. I need coffee.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
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Great. So you are not, then, a "real PhD" Economist, Psychologist, Geneticist, etc.? Why, then, should we take notice of your posts?
Bob Emmett I solemnly declare that I do not wish the USA to be more like Britain, Canada, or Oz.
Bob Emmett wrote:
Great. So you are not, then, a "real PhD" Economist, Psychologist, Geneticist, etc.? Why, then, should we take notice of your posts?
I laughed so hard when I read that. Throwing his words back into his face! Classic! I can't wait to see how he's going to "reply". $5 says its a direct insult.
If the post was helpful, please vote, eh! Current activities: Book: Devils by Fyodor Dostoyevsky Project: Hospital Automation, final stage Learning: Image analysis, LINQ Now and forever, defiant to the end. What is Multiple Sclerosis[^]?
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CaptainSeeSharp wrote:
The last thing he wants is for people to realize that the Federal Reserve is the root of the problem and a very powerful and corrupt institution causing great harm to the economy.
Be careful. If you start discussing the Fed with anyone here, whoever it is, odds are they will show your ignorance again, just like we did last time. I just spent an hour talking to people in the back room. To go from that intelligent discussion ( much of which I disagreed with, but which was discussed with respect and intelligence ), to this, is depressing. I need coffee.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
We are not discussing theory here, we are discussing reality. You have proven your ignorance with statements along the lines of "What a load of ignorance BS! Its because you are capitalist, socialism is what you want" The thing is though, socialism is based on the same principle: being a slave to the ones who spend your money for you.
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We are not discussing theory here, we are discussing reality. You have proven your ignorance with statements along the lines of "What a load of ignorance BS! Its because you are capitalist, socialism is what you want" The thing is though, socialism is based on the same principle: being a slave to the ones who spend your money for you.
CaptainSeeSharp wrote:
You have proven your ignorance with statements
you've proven yours by making no statements of fact in response to the points people have raised.
CaptainSeeSharp wrote:
ts because you are capitalist, socialism is what you want
Anusingly, I have never said that. More lies from you.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
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Richard MacCutchan wrote:
The problem, as always, is who do we believe when we hear conflicting predictions, theories etc. It's easy to sit here now and point out the ones who were right, but it wasn't so easy two years ago.
Well, that is where thinking for yourself comes into play. People should think about it, do a little research, and look at whats going on in the country. It really isn't that hard to figure out, but people don't WANT to figure it out, or even hear about it for that matter.
CaptainSeeSharp wrote:
Well, that is where thinking for yourself comes into play. People should think about it, do a little research ...
Come on, you need to make up your mind. First you say we've got to listen to all these PhD economists, and now you're saying we need to do our own research. Which is exactly what I said in the first place!
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Let me make this very clear, I never squandered my education. I got my Diploma, got a job, and started buying books and really buckled down to get educated, and I still do that today. Getting an education is easy, paying for it is not. I pay for what I can, and I get more out of it than a multi-thousand dollar lecture in a crowed room.
Yeah, conspiracy theory websites and YouTube constitute a marvelous education. Keep up the good work! Before you know it, the University of Bubba will confer your PhD in Crapola.
You measure democracy by the freedom it gives its dissidents, not the freedom it gives its assimilated conformists.