Monetary base increases by 600% (ann.). Welcome, Mr. Inflation.

[tombat1913]

Re: Monetary base increases by 600% (ann.). Welcome, Mr. Inflation.

starting to think you guys are ineducable.

what, pray tell, are you going to deflate dollars against?

Zimbabwe Dollars Ha gotcha! :p

[Guest]

Re: Monetary base increases by 600% (ann.). Welcome, Mr. Inflation.

Definition of deflation. Just tell high and rising prices to go and get stuffed? :rolleyes:

CHINESE_BILLBOARD_CONUNDRUM.jpg

[Starving Steve]

Re: Monetary base increases by 600% (ann.). Welcome, Mr. Inflation.

Right on Chomsky!
I'm not sure what gum these guys are chewing. It's like they never heard that old adage, "you can lead a horse to money but you can't make him lend".

Again, why would any bank lend when the valuations of assets are absurd, when everything is deflating, when everything is so opaque, when the risks are unknown, and when the reward for lending can be as low as $3 or $4 per $100,000 per day?

The answer is to get rid of the Republicans and to get rid of the neo-con thinking that America can borrow money forever, and that no-one should pay taxes nor save for the future.

Currently, we have a book author going around the S.F. Bay Area giving presentations saying that savers are suckers. The name of the book:
Rich Dad, Poor Dad: What Rich Dads Tell Their Children that Poor Dads Do Not, by Kiosaki and Lechter, from Amazon Books.... This is the kind of thinking ( that "savers are suckers" ) that has led to this economic tragedy now: the total freeze-up of credit markets, regardless of central bank easy money policies.

[GRG55]

Re: Monetary base increases by 600% (ann.). Welcome, Mr. Inflation.

...Currently, we have a book author going around the S.F. Bay Area giving presentations saying that savers are suckers. The name of the book:
Rich Dad, Poor Dad.... This is the kind of thinking ( that "savers are suckers" ) that has led to this economic tragedy now: the total freeze-up of credit markets, regardless of central bank easy money policies.

That book was published 8 years ago!

Interesting that the author(s) is/are still able to make a living flogging it so many years later. Americans must be truly starved for entertainment these days.

[Slimprofits]

Re: Monetary base increases by 600% (ann.). Welcome, Mr. Inflation.

OTOH, news wires are loaded with articles about Americans slowly moving towards frugality (it's all relative).

Business Week cover story this week - The New Age of Frugality

Americans' charge-it culture is getting an overdue reality check. But will the new discipline stick?

Oprah on Oct 8: Frugality is the 'new' black

Last December in preparation for the coming shitstorm I proposed to the family that no gifts exchange hands - that instead we take a day-trip together instead. I think that idea or something similar will be a big hit this year and from here on in.

[c1ue]

Re: Monetary base increases by 600% (ann.). Welcome, Mr. Inflation.

Steve,

Kiyosaki is a self-promoting leech on the butt of the body public.

Notice how he's toned down his previous yak about real estate being the path to riches?

Anyone who listened to him got spanked but good.

Fortunately Americans are generally both stupid and have short memories.