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Old 09-18-2011, 03:01 PM
 
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Conservatives keep talking about inflation and how hyper-inflation is around the corner. I'm not seeing it and this is even when the Federal Reserve is keeping a cheap money strategy as of late. The economy as a whole is still de-leveraging.

Are conservatives trying to preemptively scare the Fed into making sure they don't allow their inflation target to go a little higher because they know that some inflation right now would decrease unemployment?
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Old 09-18-2011, 03:12 PM
 
29,988 posts, read 35,948,584 times
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What is your dollar worth compaired to when Obama took office? How much has its value fallen in relation to the price of gold? How much more are you paying for the same product in a smaller volume box at the grocery store? How much more are you paying for a gallon of gas?

Seriously, no one can be so clueless as to believe we have no inflation. Obama's so called "jobs bill" will require even more money printing from the FED in addition to higher taxes. Take off your partisan blinders and figure it out already, seriously.

Since 1971 when Nixon gave the Gold Standard its final death blow the US dollar has lost at least 90 % of its value!
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Old 09-18-2011, 03:21 PM
 
Location: Sierra Vista, AZ
16,119 posts, read 20,198,117 times
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Quote:
Originally Posted by Winter_Sucks View Post
Conservatives keep talking about inflation and how hyper-inflation is around the corner. I'm not seeing it and this is even when the Federal Reserve is keeping a cheap money strategy as of late. The economy as a whole is still de-leveraging.

Are conservatives trying to preemptively scare the Fed into making sure they don't allow their inflation target to go a little higher because they know that some inflation right now would decrease unemployment?
The FED won't allow inflation because that is interest that would have to be paid on the debt. I lived though 14% under Carter and 11% under Reagan, it was better than what we have now. As the "job creators" send more and more overeas we have deflation.
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Old 09-18-2011, 04:06 PM
 
Location: Lost in Texas
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The actual price of an ounce of gold has actually never fluctuated. What has changed is the value of the money that is used to purchase the gold. In principle the same thing applies to everything from Apples to yarn.. Everything has a fixed actual value and the only thing that changes it is the value of the currency used to purchase it. What was the price of gold 3 years ago and what is it today? What is the price of a barrel of oil today and what was it when Obama took office. What is the cost of various foods and the list goes on. If you look at it objectively the rate of inflation ( not the cooked up numbers by the government) is already in the double digits. Where it goes if currency is continued to be printed is anyones guess.
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Old 09-18-2011, 04:08 PM
 
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Under obama hyper-inflation is not around the corner, light-speed inflation is...
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Old 09-18-2011, 04:12 PM
 
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so the fact that gold is at its highest level ever, and the stock market is somewhat over valued right now, and bond rates are quite low, you dont see any hyperinflation coming? the reason we are not seeing hyperinflation yet is because the economy is still quite soft. however once things actually start to turn around, you can bet that inflation will hit, and hit hard.
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Old 09-18-2011, 05:03 PM
 
10,818 posts, read 6,936,617 times
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Quote:
Originally Posted by Boompa View Post
The FED won't allow inflation because that is interest that would have to be paid on the debt. I lived though 14% under Carter and 11% under Reagan, it was better than what we have now. As the "job creators" send more and more overeas we have deflation.
The rich and the banks don't want to see inflation rise to bring down unemployment, so conservatives will do all they can to protect their true constituencies.
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Old 09-18-2011, 05:39 PM
 
Location: Lost in Texas
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You're kidding right?? Income never keeps up with inflation. Unemployment always increases during times of high inflation.
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Old 09-18-2011, 06:39 PM
 
3,188 posts, read 2,826,595 times
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Quote:
Originally Posted by rbohm View Post
the reason we are not seeing hyperinflation yet is because the economy is still quite soft. however once things actually start to turn around, you can bet that inflation will hit, and hit hard.
This.

Nothing wrong with inflationary pressure when the economy is running below capacity since it will just be absorbed. In fact, it's a good thing. The problem is the day after. The fed will need to figure out exactly when that occurs and act FAST to reign in the money supply or you'll see a very sudden, sharp inflationary spike.

So the question is, do you trust them to be competent enough to do it right? If you do trust Congress, the Fed, Obama, or any of the likely Republican candidates enough to act with that degree of competence at this point, then I have an invisible bridge in Fiji to sell you.
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Old 09-18-2011, 06:48 PM
 
Location: Lost in Texas
9,833 posts, read 5,606,690 times
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Quote:
Originally Posted by ALackOfCreativity View Post
This.

Nothing wrong with inflationary pressure when the economy is running below capacity since it will just be absorbed. In fact, it's a good thing. The problem is the day after. The fed will need to figure out exactly when that occurs and act FAST to reign in the money supply or you'll see a very sudden, sharp inflationary spike.

So the question is, do you trust them to be competent enough to do it right? If you do trust Congress, the Fed, Obama, or any of the likely Republican candidates enough to act with that degree of competence at this point, then I have an invisible bridge in Fiji to sell you.
Just a thought... I think they've already waited too long....
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