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But fixed debt which was previously created will go down. Basically if I borrow 10,000 dollars at a fixed rate and the rate of inflation exceeds the interest rate I will end up owing less adjusted for inflation.
I really don't see why this is such a hard concept to grasp.
But what will you spend the 10,000 on? Depreciating gadgets like iPhones, iPads, etc? What we often see the poor doing is using the "free" money given to them in the form of loans, spending it on depreciating goods, and only having the debt to show for it.
Can the poor purchase 2,500 gallons of gas at once and store it in their garage as a hedge against inflation? Only the uber-rich has the luxury to significantly outpace inflation by buying gold or commodity futures. That's why it seems logical for Obama and Ben Bernanke to work together on this.
Well has GDP shrinks then the governamnt losses revenue which means they face lowering entitlemnts.It just what you see in Greece;the government cannot pay what it has passed in services.The por are hurt most as that brings on higher unemployment and they are more dependent on government;plain and simple.
Not really. How many times can you refinance ? Each refinance costs you money so you have to wait a number of years to actually break even again.
Yeah, but what if I told you one could hide their money from Obama's tax policies using physical gold/silver, 401(k), barter, etc. Poor can't do that, can they? Plus I as an upper middle class citizen can take advantage of stock price increases that the poor cannot. The poor will fall further behind and I'll get further ahead.
he promised to get rid of bernanke, and that is a start.
The very system that has caused these problems is the system the Romney (and many other democratic and republicans) has benefited from. I sincerely doubt he'll make the structural changes necessary.
Yeah, but what if I told you one could hide their money from Obama's tax policies using physical gold/silver, 401(k), barter, etc. Poor can't do that, can they? Plus I as an upper middle class citizen can take advantage of stock price increases that the poor cannot. The poor will fall further behind and I'll get further ahead.
No they can't. But that is what "going Galt" is all about isn't it ?
The very system that has caused these problems is the system the Romney (and many other democratic and republicans) has benefited from. I sincerely doubt he'll make the structural changes necessary.
i don't know what he will do, but i do know that we couldn't do worse, so i will take that chance.
if romney screws up, he goes.
at least the democrats, who have been strangely quiet on all obama failures, will finally speak up and start demanding action again.
nobody seems interested much in wall street prosecution or tax reform in the last 4 years. i did note that obama passed the bush tax extension, even while complaining about it, and romney raised some taxes in massachusetts to balance the budget.
you can't go wrong with firing the bernanke. max keiser had a picture of the next federal chairman, which speaks for itself:
Last edited by floridasandy; 09-13-2012 at 06:44 PM..
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