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Leaders of the central bank are coming around to a view they had resisted: that the economy, weighed down by consumer debt and a depressed housing market, will not soon return to its old path of growth. The pace of economic growth the officials expect in 2012 is not high enough to put Americans back to work in large numbers.
Fed Chairman Ben Bernanke said Wednesday that problems in the housing market were more severe and stubborn than analysts had surmised.
"Evidently . . . the drags on the recovery were stronger than we thought," he told reporters at a news conference.
The Feds can predict exactly what they've planned. They knew when they pushed through NAFTA and the other cheap labor deals along with the open borders and unlimited and very massive immigration what would be the result. And they're still doing more of the same.
And low inflation. Which discredits all conservatives who keep talking about high inflation.
You understand that by eliminating food and fuel from the CPI that the measure for inflation is a sham to make the sheeple happy don't you? Looks like ewe've been fooled.
You understand that by eliminating food and fuel from the CPI that the measure for inflation is a sham to make the sheeple happy don't you? Looks like ewe've been fooled.
So you just want to pick and choose the information you like from the report?
The point is if the CPI included fuel and food there would be real inflation visible. Do you deny that fuel and food prices have steadily increased for the average middle class American?
Your unemployment will remain at 9+% through the end of the decade. I've been saying that for 2 years. I wasn't kidding. That's what the numbers show.
Quote:
Originally Posted by Winter_Sucks
And low inflation. Which discredits all conservatives who keep talking about high inflation.
Some people don't understand inflation.
Wage Inflation is out of the question through the end of the decade. If anything, wages will stagnate or decline slightly.
Interest Inflation will plague you until the Prime Rate is raised to maybe 9%-13%.
Cost Inflation will continue to nickel and dime consumers to death. Ethanol will continue to drain your corn crops, and your corn crops production will not be stellar. In fact, it will get worse. Wheat, barely, rice and cotton will continue to with high demand and low supply driving up prices. On a bright note, iron production will pick up and prices will drop as production matches or exceeds demand.
Real Inflation, that's yet to come. In about 12 years you'll need another Reagan/Volker team to suck all the money you spent out of the global economy, and if they ain't on it, it will be hell for the Middle and Lower Classes.
And low inflation. Which discredits all conservatives who keep talking about high inflation.
Right, it's a great idea to ignore all the times the government changed the measurement of inflation (so that it would not be swamped too early with entitlement program cost of living increases). We might as well not look at what inflation would look like if they hadn't fudged the numbers, like here: Alternate Inflation Charts
And certainly let's assume that the fiat currency being printed by the trillions and dumped into the economy will have NO effect over the long term. After all, how many fiat currencies have failed because the government overprinted to finance too much spending?--let's look that one up, here it is: "EVERY fiat currency since the Romans first began the practice in the first century has ended in devaluation and eventual collapse, of not only the currency, but of the economy that housed the fiat currency as well." http://www.rapidtrends.com/examples-...s-repeat-this/
And this: "The average life expectancy for a fiat currency is 27 years, with the shortest life span being one month. Founded in 1694, the British pound Sterling is the oldest fiat currency in existence. At a ripe old age of 317 years it must be considered a highly successful fiat currency. However, success is relative. The British pound was defined as 12 ounces of silver, so it’s worth less than 1/200 or 0.5% of its original value. In other words, the most successful long standing currency in existence has lost 99.5% of its value." The Average Life Expectancy For A Fiat Currency Is 27 Years … Every 30 To 40 Years The Reigning Monetary System Fails And Has To Be Retooled - Washington's Blog
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