33 Replies to “Inflation Salvation”

  1. Even if it actually worked in the past, it won’t work now. For every dollar that makes it into an American’s hand, about $0.95 ends up in China.

  2. Does this mean Obama will take us to war to pull us out of the upcoming depression? Against whom? England?

  3. Bet if we all buy and start wearing cool hats again we can bring this thing under control.

  6. Interesting that in the past 90 years the Federal Reserve has allowed inflation to reduced the value of the American dollar by 2060%!!!
    Propaganda from the banksta’s at its finest!

  7. “Old Black Joe and his relatives.” That’s hilarious.
    I think that the New Deal saved a lot people from slow starvation. Too bad WWII interrupted the experiment. I guess we’ll never know now will we?

  9. What a load of Socialist claptrap.
    I guess even in the days of pinkie FDR,socialists were thought everyone was an idiot.

  10. Funny how the first graph shows dollar value, cost of living and the average wage. The second set shows the dollar value, commodity costs and the stock market. Hmmm, those aren’t the same thing.
    It seems the first two happen but we assume wages go up. Oh well, 2/3 isn’t bad, right? That’s a good pass on any artsy course at university.

  11. Awww come on why the doom and gloom? All the paper bugs will tell you as long as we have paper and ink we have an endless supply of money.
    Bad times? Crank up the presses.

  12. It’s not a problem folks, we’ll be going back to the gold standard real soon, maybe within 5 years, only this time gold will be set at 35,000 per/ounce.
    All nations will agree to base their currencies value on how much gold they have stored at Fort Knox and the Federal Reserve Bank in N.Y.
    GDP will be used to determine how much currency to have in relation to how much gold they will be required to own.
    Buy gold NOW folks…NOW.
    Ps…oh…and the stockpiles that pop up in places like Saudi Arabia, China, Russia, won’t affect the game but add to the overall booty.
    The game is on…Who can own the most gold?

  13. Gold is hard to digest and contains 0 vitamins…If it gets as bad as that, I’ll stock up on lots of dry navy beans, salt pork and molasses instead.

  14. Nevermind that your bank account that was worth $1000, and could buy a cow, is now worth 1/2 a cow.
    Or that the bank which lent you $250K at 5% to buy a house, assuming you pay it back, gets it’s money back + interest and realizes that that sum is worth enough to buy a small sandwich because inflation ate it away.
    Or that annuity that Aunt Joanne bought after decades of work, so it could sustain her comfortably in her declining years is now paying out the same $ amount…and that $ amount will buy you lunch.
    Inflation is theft. It is a measure of fiscal immorality.

  16. For inflation to work properly there must be a domestic “play money” currency and an external “real money” currency. Thieving elites and their government friends prefer to be the gatekeepers in this game. Zimbabwe’s Robert Mugabe & Co is an extreme example of the “pedal to the metal” version.

  17. We’ve already seen this show. Jimmah Carter, stagflation. 1977 Jimmah gets inaugurated, a Buick costs under ten grand. 1981 Jimmah leaves office, head held high even though he got beat by an ACTOR, a new Buick costs well over ten grand even though its essentially the same car.
    Did Jimmah do all that himself? No, not really. Inflation kicked in hard back about 1974 and carried on until about 1983/84.
    Did Jimmah help much? No, not really. It took Regan the actor to come along and CUT TAXES before stagflation finally came under control.

  19. I thought one of the most succinct analyses lay in the commentary in the link. The expansion of the money supply could no more cause one to get rich than buying a bigger belt could cause one to get fat. To be sure, a restricted money supply can curtail growth, and that was one blunder committed by the federal reserve system early in the depression. But an over expansion of the money supply and the resulting inflation in no way creates wealth and in fact squanders it by making transactions too unpredictable to permit planning for the future expansion of those goods and services producers who are profitable. It’s effectively a knock-over-the-chessboard approach to a losing economy. Vis Argentina and Zimbabwe.

  20. The last chart has the stock market rising as they approach 1933.
    What actually happened?
    The stock market fell off a very steep cliff at the end of ’32 and didn’t recover for 35 years.
    This fall, probably around October, will be a replay of that same ride.

  21. “Buy gold NOW folks…NOW.”
    Oh Please! If we revaluate currency with hard assets, let’s say gold for argument’s sake, you really don’t think governments (who must do the IMF’s bidding to maintain credit)will allow citizens to own gold?
    Remember what FDR did to shore up the dollar so international banking would not devalue it when he started printing money? All privately held gold was surrendered to the Fed.

  22. The manufacturing over-capacity experienced in the US during the “great depression” has since been out-sourced to other countries. The necessary re-tooling in the US didn’t happen under FDR’s disastrous interventionist reign nor did the depression end until the post war re-tooling of 1946. That devious propaganda clip was made at least 10 years before the depression ended. I like the way that it mirrors the MSM of today in fawning all over the “progressive” messiah of the day.

  23. Why buy gold? Buy nails. Wood you can get, but nails?
    May I also recommend screws, welding gas, MIG wire and steel in sheets, angles and tube. Then there’s the ever popular brass, primers, propellant and lead. Used wheel weights with a nice high antimony content are free for the asking right now, that could change.
    For you advanced paranoids, a Bridgeport mill and a decent metal lathe can be the foundation of a thriving business fixing pretty much anything. Throw in a forge and an anvil and you’re a one-man fabrication destination.
    Oh, and seeds. Don’t forget the seeds. Hope y’don’t live downtown, dudes.

  26. Ah come on just borrow more money and increase taxes.
    Africa and western inner cities need more of your “loooove” baby.
    Then make sure you spend what’s left after NGO charitable donations and the interest on your bank loans on useless disposable trinkets so that China doesn’t feel left out…………..After all you’re RICH, and everyone else is needy, who cares if you actually labour for your money, you were advantaged from birth and owe everyone else.
    Can’t you feel it? I feel it, let’s smoke a joint and dance naked in the streets listening to the Black Eyed Peas….

  27. No one has mentioned the inflation in Germany in the 1920’s and where that led to.Obama may have had a good teacher.Would’nt that be ironic?

  29. Posted by: Fred2
    “Inflation is theft”.
    Absolutely! It is also a manufactured and hidden tax to pay back interest for loans by governments to their respective central banks. This scheme (to my understanding) was devised in Europe not long after the French Revolution when overt over taxation of the public led to the overthrow of the ruling class.
    The ruling classes realized that it was safer to rule from the shadows with public puppets to take the flack (elected government), while continuing to rob the income of the public’s labours. It’s simply serfdom with the illusion of natural or uncontrollable economic tides.
    The US came into the “game” much later with the founding of the Federal Reserve.

  30. Thanks, Kate, I don’t know how you track these things down. What a remarkable piece of intellectual history: I had no idea they had embarked on an inflationary course consciously and purposefully, thinking they could spend their way out of the Depression.

  31. I seem to recall that Mr. Eberhart in Alberta had much the same idea in the ’30s with Social Credit.Print script to replace money so everyone could be rich and everybody laughed at him.O,is’nt that what happened anyway when the world went off the gold standard?

  32. I can’t wait till the new Vid:
    “Suicide ! The answer to all your Problems.”
    Didn’t the so called professor remind you of every Marxist academic you know? Not the looks but the dreamy contempt on the face towards your poor self.
    Just goes to show Kate the BS may come in a different Package but BS it remains.
    Excellent choice.

  33. I think it is prety funny how “T” is alway’s absent from these types of commenting spot’s …well maybe not these are the thing’s people like “T” like to dance around becaseu they involve reality.
    Paul in calgary.

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