The current crisis is the fault of Obama, Bush, Clinton, Bush I etc, etc. In fact it belongs to all of us. But Andrew is on the money, getting out of trouble will be painful and difficult. Obama's problem is he is unwilling/unable to face facts and begin to work on a solution. His fix is more of the same apparently.
-
Trouble logging in? Send us a message with your username and/or email address for help.
Stagflation fears jump
- Thread starter 30ashopper
- Start date
The current crisis is the fault of Obama, Bush, Clinton, Bush I etc, etc. In fact it belongs to all of us. But Andrew is on the money, getting out of trouble will be painful and difficult. Obama's problem is he is unwilling/unable to face facts and begin to work on a solution. His fix is more of the same apparently.
BeachArkie
Beach Lover
We all need to change how we do things.
Noone makes you buy a house you can't afford, rack up credit card debt, eat bad food, and buy goods produced abroad.
Those are all choices we made that contributed to the current crisis.
Many other choices were made in Washington, but we are all so busy blaming the other party that nothing changes for the good. We squabble while the special interests and big business continue to destroy our country for profit.
Noone makes you buy a house you can't afford, rack up credit card debt, eat bad food, and buy goods produced abroad.
Those are all choices we made that contributed to the current crisis.
Many other choices were made in Washington, but we are all so busy blaming the other party that nothing changes for the good. We squabble while the special interests and big business continue to destroy our country for profit.
AndrewG
Beach Fanatic
Absolutely I blame Obama. He has killed jobs in this Country with his policies. We have lost over two million jobs overseas since the stimulus bill was passed. What jobs were created with the money? Where did the money go? His job czar Jeffrey Immelt CEO of GE is one of the worst abusers of outsourcing jobs overseas, yet he is our messiah looking to create jobs at home? You can't make this stuff up.
Private industry isn't hiring because they fear Obama's policies and the uncertainty he projects. Gov't is supposed to encourage businesses, particularly small businesses, not intimidate them. Until the policies change don't expect a recovery. Everything this administration has done has discouraged/put off a recovery. Just this week one of his advisors said gov't has to hire more people to stabilize unemployment. How exactly does that work?
This genius is leading you to gov't dependence & eventual poverty.
Private industry isn't hiring because they fear Obama's policies and the uncertainty he projects. Gov't is supposed to encourage businesses, particularly small businesses, not intimidate them. Until the policies change don't expect a recovery. Everything this administration has done has discouraged/put off a recovery. Just this week one of his advisors said gov't has to hire more people to stabilize unemployment. How exactly does that work?
This genius is leading you to gov't dependence & eventual poverty.
Andy A
Beach Fanatic
This is one family of two's perspective. Yesterday, we went grocery shopping. It had been nearly a month since we last stocked up. While not exactly the same items, we had a bill of $240. Our previous bill for grocery items was roughly $200. If my math is right, that is a 20% increase in less than a month. Where is the decade long rise in rise in food prices and how does it apply here? It is an American increase in food prices and it is due in large to the stupid policies pursued by this administration. If you think its bad now, wait awhile. I believe you ain't seen nothin yet.
30ashopper
SoWal Insider
Honestly I would blame that more on the FED's FOMC. Obama and the dems own our anemic economic recovery though for sure.
BeachArkie
Beach Lover
You can't compare 2 grocery bills and use that as a basis for price increases - unless you bought the exact same items both times. My bills went down, that doesn't refute the fact that food prices are rising.
Any increase you see in your grocery bill is mostly due to higher fuel costs for transport and processing, not government agricultural policy.
US food prices typically go up an average of 2.5% a year, this year is predicted to be closer to 3.5%. If they go up 4% it will be the same as 2007.
The more foreign your food is and the more processed it is, the more the price will be affected.
Any increase you see in your grocery bill is mostly due to higher fuel costs for transport and processing, not government agricultural policy.
US food prices typically go up an average of 2.5% a year, this year is predicted to be closer to 3.5%. If they go up 4% it will be the same as 2007.
The more foreign your food is and the more processed it is, the more the price will be affected.
Last edited:
TNJed
Beach Fanatic
I know many people don't like to hear these things. I don't enjoy prepping for the possibility but I am ready.And the possibility of economic collapse doesn't bother me. It's an inevitability as long as fiat currency exists which works until it suddenly doesn't. Governments don't pay debts, you do. And debts this large NEVER get paid. They are debased or defaulted. That's it. Raising rates will cause our interest payments to bankrupt us within weeks if not days. Monetizing/printing debt to pay for debt makes US debt holders and savers angry. But who cares about them? What truly worries me is the 98% of our population which isn't ready.
I'd like to recommend a new site which used to be just a blog, TFmetalsreport.com. It has been a growing community of concerned people from around the globe about the fate of Keynesian economics and the destruction of all fiat currencies. Yes, we are gold/silver bugs. Be careful, truth is contagious and you will be storing your purchasing power in gold if you read too much.
We don't hope for chaos, we merely prepare for it. We do hope by telling friends and neighbors about options to protect themselves, the fall will be cushioned. Stay out of political debate traps and wedge issues. None of that Kabuki theater matters. Take care of yourself, family and neighbors.
This long paper has everything you need to know.
http://www.shadowstats.com/article/hyperinflation-special-report-2011
Great Collapse Nears
"The U.S. economic and systemic-solvency crises of the last four years only have been precursors to the coming Great Collapse: a hyperinflationary great depression. Such will encompass a complete collapse in the purchasing power of the U.S. dollar; a collapse in the normal stream of U.S. commercial and economic activity; a collapse in the U.S. financial system as we know it; and a likely realignment of the U.S. political environment. Outside timing on the hyperinflation remains 2014, but there is strong risk of the currency catastrophe beginning to unfold in the months ahead. It may be starting to unfold as we go to press in March 2011, but moving into a full blown hyperinflation could take months to a year, beyond the onset, depending on the developing global view of the dollar and reactions of the U.S. government and the Federal Reserve.
Prerequisites to the crisis unfolding include: the Federal Reserve moving to monetize U.S. Treasury debt; the U.S. dollar losing its traditional safe-haven status; the U.S. dollar losing its reserve status; the federal budget deficit and Treasury funding needs spiraling out of control. The Fed moved to monetize Treasury debt in November 2010. A much-diminished U.S. dollar safe-haven status has become evident in early March 2011, along with serious calls for a new global reserve currency. The economy is not in recovery and should display significant new weakness in the months ahead, with severely expansive implications for the federal deficit, Treasury funding needs and requisite Fed monetization of debt.
As the advance squalls from this great financial tempest come ashore, the government could be expected to launch a variety of efforts at forestalling the hyperinflation’s landfall, but such efforts will buy little time and ultimately will fail in preventing the dollar’s collapse. The timing of the onset of full blown hyperinflation likely will be coincident with a broad global rejection/repudiation of the U.S. dollar.
With no viable or politically-practical way of balancing U.S. fiscal conditions and avoiding this financial economic Armageddon, the best that individuals can do at this point is to protect themselves, both as to meeting short-range survival needs as well as to preserving current wealth and assets over the longer term. Efforts there, respectively, would encompass building a store of key consumables, such as food and water, and moving assets into physical precious metals and outside of the U.S. dollar."
I'd like to recommend a new site which used to be just a blog, TFmetalsreport.com. It has been a growing community of concerned people from around the globe about the fate of Keynesian economics and the destruction of all fiat currencies. Yes, we are gold/silver bugs. Be careful, truth is contagious and you will be storing your purchasing power in gold if you read too much.
We don't hope for chaos, we merely prepare for it. We do hope by telling friends and neighbors about options to protect themselves, the fall will be cushioned. Stay out of political debate traps and wedge issues. None of that Kabuki theater matters. Take care of yourself, family and neighbors.
This long paper has everything you need to know.
http://www.shadowstats.com/article/hyperinflation-special-report-2011
Great Collapse Nears
"The U.S. economic and systemic-solvency crises of the last four years only have been precursors to the coming Great Collapse: a hyperinflationary great depression. Such will encompass a complete collapse in the purchasing power of the U.S. dollar; a collapse in the normal stream of U.S. commercial and economic activity; a collapse in the U.S. financial system as we know it; and a likely realignment of the U.S. political environment. Outside timing on the hyperinflation remains 2014, but there is strong risk of the currency catastrophe beginning to unfold in the months ahead. It may be starting to unfold as we go to press in March 2011, but moving into a full blown hyperinflation could take months to a year, beyond the onset, depending on the developing global view of the dollar and reactions of the U.S. government and the Federal Reserve.
Prerequisites to the crisis unfolding include: the Federal Reserve moving to monetize U.S. Treasury debt; the U.S. dollar losing its traditional safe-haven status; the U.S. dollar losing its reserve status; the federal budget deficit and Treasury funding needs spiraling out of control. The Fed moved to monetize Treasury debt in November 2010. A much-diminished U.S. dollar safe-haven status has become evident in early March 2011, along with serious calls for a new global reserve currency. The economy is not in recovery and should display significant new weakness in the months ahead, with severely expansive implications for the federal deficit, Treasury funding needs and requisite Fed monetization of debt.
As the advance squalls from this great financial tempest come ashore, the government could be expected to launch a variety of efforts at forestalling the hyperinflation’s landfall, but such efforts will buy little time and ultimately will fail in preventing the dollar’s collapse. The timing of the onset of full blown hyperinflation likely will be coincident with a broad global rejection/repudiation of the U.S. dollar.
With no viable or politically-practical way of balancing U.S. fiscal conditions and avoiding this financial economic Armageddon, the best that individuals can do at this point is to protect themselves, both as to meeting short-range survival needs as well as to preserving current wealth and assets over the longer term. Efforts there, respectively, would encompass building a store of key consumables, such as food and water, and moving assets into physical precious metals and outside of the U.S. dollar."
30ashopper
SoWal Insider
After a major run up over the last year, which might just have something to do with the economic recovery floundering.. which would cause commodities to fall in value. Geo I don't know if you follow commodity markets but I can assure you prices are not low compared to past values. ANYONE who has purchased a 12 oz steak, a pound of seafood, or a 1/2 gallon of milk knows this.