On 09/05/2010 2:30 PM, bpuharic wrote:
On Sun, 09 May 2010 15:50:34 -0400, wrote:

On Sun, 09 May 2010 14:46:35 -0400, wrote:

On Sun, 09 May 2010 13:28:59 -0400, wrote:

On Sun, 09 May 2010 12:42:16 -0400, wrote:

by the way...what's the rate of inflation nowadays?

oh. there isn't any.


Bought any oil based products lately? (everything is oil based) There
is certainly inflation going on. The fed is just ignoring it and
borrowing to hide it by printing money.

really? got any proof?

or is the only proof you need listening to limballs?


The proof I have is I go to the gas station, the grocery store and I
pay a cable bill (until I fired them). What is not going up?

?? so your little 7-11 grocery store is the entire US economy?

gee. i had no idea it was so busy


The BLS agrees with me but you know how those government people lie.

really? again, i ask

where's your proof?


http://www.bls.gov/news.release/cpi.nr0.htm

EXACTLY!! finally you get it you IDIOT!!

inflation is running at about 2.5%. and it's been that way for YEARS.

but you right wingers think it's like zimbabwe...

paranoia...tin foil hat paranoia


Did we say Zimbabwe also tried the print money and debt to spend out of
debt?

They did. Wish I had the link to the $10,000,000 note that would not
buy a loaf of bread.

It is called currency dilution. Otherwise known as inflation. One in
the same. Governemnt prints money it does not have, then inflation.
Trouble is they lie their asses off on the real impact. Real inflation,
unadjusted for governemtn BS is as I figure 1.6 times that of the
government rate.

So if government clains 2%, I believe after taxes to the net income it
is closer to 3.2%.

And it is like Zimbabwe, Agenina, Brazil, Germany (pre WW II), 1929 USA,
Iceland, Spain, Greece (isn't the first time the ******s are a
welshing), Venezuela, Mexico and dozens of others, 100% of the time it
is a whopping inflation.

Government actually _wants_ it for some important reasons.

1) What sounds better if you are greedy government, getting taxes on
$3.000 a gallon or $6 gallon of gasoline? The alter of course.

2) If a house was worth $400k, but today is worth $200k, if 100%
inflation took, it would revalue the house to $400k and people would be
less inclined to walk away.

3) For the suckers doing t-bills for locked in, and inflation hits say
100%, then the t-bill will loose 1/2 of it's value in favor of th
debtor. This inflation is good for debt welshers.

But 3) is where Chinese, Saudi and Japanese (major creditors) have
issues with the US congressional money mismanagment. So China, the
worlds now premier currency is pegged to the US to protect its debt in
the US from devaluing. In essense, the Chinese Yuan is proping up the USD.

That will work for awhile, but sooner or later the Chinese will write it
off. And with Japan in so much debt, they would rather clean up their
books, a rather bad mess for US futures.

Call it the Obama bad debtor paying chicken with the worlds creditors.
And he is going to loose big time. $14.5 trillion of defunct debt. Now
that is worth a wild assed market crash. Makes Greece look like a cake
walk.

--
There is a sucker born every minute, liberals and our politicians are
counting on it.