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Old 09-10-2011, 01:22 PM
 
2,515 posts, read 1,818,779 times
Reputation: 362

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Quote:
Originally Posted by Troof View Post
Not sure if serious.???
Yes I am.
Quote:
Originally Posted by tumbleweed118 View Post
Yes, inflation is just what we need. It worked for Germany in the late 1910s and early 1920s. Maybe we can all heat our homes with U.S. currency just as the Germans did with the marks.
There is a difference between a controlled 200% inflation of GDP and uncontrolled hyper inflation. A lot of people remember the inflation in the 1970's how many remember the deflation in the 1930's? Look at Japan they are 21 years and counting into their popping real estate bubble. And a lot of the rest of the world is in worse shape than we were when our bubble popped. What we have now is the economic perfect storm.
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Old 09-11-2011, 10:57 AM
 
362 posts, read 742,675 times
Reputation: 160
Quote:
Originally Posted by newonecoming2 View Post
Yes I am.
OMG, I thought you were just trying to get a rise out of us.

You're serious, LOL.
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Old 09-11-2011, 12:49 PM
 
Location: Ohio
22,798 posts, read 15,930,808 times
Reputation: 19278
Quote:
Originally Posted by Troof View Post
OMG, I thought you were just trying to get a rise out of us.

You're serious, LOL.
Yeah and if that isn't scary enough, people like him are allowed to vote.
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Old 09-11-2011, 01:18 PM
 
11,689 posts, read 16,411,904 times
Reputation: 5950
Quote:
Originally Posted by hnsq View Post
A recession is not a subjective thing. A recession is not in place just because your neighbor is struggling. A recession is simply when GDP falls for two consecutive quarters.



As you can see, we pulled out of the recession in Q3 of 2010.
Don't you mean 2009 Q3? (from the chart you gave)

The recovery has not been robust, so there are some, who say we never came out.

Two quarters in a row is a "definition."

For most Americans if GDP is +1.0% or -1.0% their life is not affected.

Another definition is if the recession gets as deep as -10.0% GDP decline, it is called a Depression.
However, that word scares alot of people.

Though, in reality a -9.0% GDP and a -10.5% GDP are no different. One is a recession, the other a depression.

The media can put fear in people by over stating the word "depression."
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Old 09-11-2011, 03:42 PM
 
5,409 posts, read 10,330,114 times
Reputation: 4478
Quote:
Originally Posted by Mircea View Post
Yeah and if that isn't scary enough, people like him are allowed to vote.
On the other hand, he, like all of US, will only be allow to "vote" between two nearly identical Corporate R=D front men (or "persons").

So the beauty of the system is that no matter how mis-educated the masses become, the corruption cancels it out.
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Old 09-11-2011, 04:38 PM
 
2,515 posts, read 1,818,779 times
Reputation: 362
Quote:
Originally Posted by Troof View Post
OMG, I thought you were just trying to get a rise out of us.

You're serious, LOL.
Yes I am.
http://blogs.reuters.com/rolfe-winkl...ow-vs-gold.jpg
http://www.bearishnews.com/wp-conten...l-debt-gdp.jpg


If you have falling wages and falling housing prices it takes a long time to reach stability. (Japan is over twenty years into it and hasn't hit bottom yet.) If you have falling house prices and rising wages then the time it takes to reach stability is far shorter. We are having Great Depression level unemployment rates. We need full employment.
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Old 09-12-2011, 12:43 AM
 
362 posts, read 742,675 times
Reputation: 160
Quote:
Originally Posted by newonecoming2 View Post
Yes I am.
http://blogs.reuters.com/rolfe-winkl...ow-vs-gold.jpg
http://www.bearishnews.com/wp-conten...l-debt-gdp.jpg


If you have falling wages and falling housing prices it takes a long time to reach stability. (Japan is over twenty years into it and hasn't hit bottom yet.) If you have falling house prices and rising wages then the time it takes to reach stability is far shorter. We are having Great Depression level unemployment rates. We need full employment.
OMG.

You.

Are.

Seriously.

Serious.

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Old 09-12-2011, 08:50 AM
 
2,515 posts, read 1,818,779 times
Reputation: 362
Quote:
Originally Posted by Troof View Post
OMG.

You.

Are.

Seriously.

Serious.

OMG

Have you looked at what is coming our way economically?

Our deficit is unrecoverably high.

We have over 20% unemployment and our government is calling it less than 10%. (What is worse the high unemployment rate or that the government is lying about it?)

We have a very low national savings rate.

The Fed has had the prime at 0.25% for how long and what has it done to our economy? We are in a liquidity trap.

Obama just announced a big economic stimulus package like he just found out the the last one wasn't working, not like it is timed so that its effects will come in around election time. (That would mean that he has callously ignored just how bad things are for a long time)

The price of houses is falling. It is easier to buy a new home than it is to buy an existing home. So we are over built and overbuilding some more.

The level of fraud in the banking system from the last housing bubble is high. They are trading in fraud at full face value.

The banking system is close to insolvent as a whole. There is a French bank that is getting ready to do its best impersonation of Lehman Brothers. If that comes down like it very well may we may have another collapse of the flow of money internationally.

The Fed has blown a world wide housing bubble.

We are set up for massive deflation.

so OMG I am really intent on having a controlled 200% inflation of GDP.
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Old 09-12-2011, 10:15 AM
 
362 posts, read 742,675 times
Reputation: 160
Wow.

Just wow.
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Old 09-12-2011, 10:34 AM
 
3,457 posts, read 3,285,452 times
Reputation: 1532
new one, i have no major qualms with your assessment of the problem, i just think your solution (raising minimum wage 4x) would not solve the problem.
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