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Inflation

Discussion in 'Off-Topic Discussion' started by THExBUSxDRIVER, Oct 28, 2010.

  1. Oct 28, 2010 at 8:51 AM
    #1
    THExBUSxDRIVER

    THExBUSxDRIVER [OP] Victory is reserved...

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    Not enough.
    Not big on politics but I know I dislike liberals.

    So what do you guys think of the printing of 1 Trillion dollars to pay off our countrys own dept?

    I'm not sure who is behind this idea but I heard it on the Glenn Beck radio show this morning. I think George Soros (spell check) is trying to make it happen though.

    Sound like a horrible idea to me...I'm willing to bet that China is going to be pissed, its like disrespecting thier investment...
     
  2. Oct 28, 2010 at 8:55 AM
    #2
    krimson

    krimson Nothin

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    A bootle of water is gonna cost like $20 in another 20 years. The economy is doomed and we are on that path. Im not big on politics either but im big on where my taxes go to and who gets them, im not gonna say who but you get my picture :mad:
     
  3. Oct 28, 2010 at 8:58 AM
    #3
    THExBUSxDRIVER

    THExBUSxDRIVER [OP] Victory is reserved...

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    Not enough.
    I was never big on politics either until about 2 years ago...its crazy

    Especially when I heard that they want to pass an act that will let legal immigrants vote. WTF kind of shit is that? That's like me picking what furniture goes into your house
     
  4. Oct 28, 2010 at 8:59 AM
    #4
    90YotaPU

    90YotaPU The Messiah

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    Sounds like a brilliant (yea right) plan that could only be come up with by one man.
     
  5. Oct 28, 2010 at 9:06 AM
    #5
    CopDoctor

    CopDoctor Well-Known Member

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    i don't get it...we're going to print money to pay off our debt and call it good? why not just print off a second trillion and give us another stimulus package? seems like a terrible thing to do imo
     
  6. Oct 28, 2010 at 9:17 AM
    #6
    cabarbhab

    cabarbhab Well-Known Member

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    this isnt a new idea we have been doing it since 1913 when the federal reserve was created. we just havent done it on the scale that we are doing it now. the dollar has lost 95% of its value since 1913. We have been on a fiat money system since 1971 when the gold standard was completely done away with under richard nixon. fiat systems have never worked or lasted throughout history. they have always failed, and ours will eventually fail. look at our current economical meltdown. it is just the fiat money system slowly destroying itself. under jimmy carter the money supply was inflated by 13% and to reign in inflation from that the fed had to raise interests rates to 20%. in the past year under obama the money supply has been inflated 120%, i wonder how high the interest rates will have to be set to correct that. all i know is that if our country continues on the path it is we won't be around too much longer. remember that when you go vote on tuesday. the true fix is to end the federal reserve and go back to a sound currency, perhaps go back to the gold standard.
     
  7. Oct 28, 2010 at 9:21 AM
    #7
    Falcon86

    Falcon86 Well-Known Member

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    You guys are crazy.

    The government is only looking after our best interests.

    lol
     
  8. Oct 28, 2010 at 9:23 AM
    #8
    THExBUSxDRIVER

    THExBUSxDRIVER [OP] Victory is reserved...

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    Not enough.
    Investing in gold isn't a bad idea, but I know that there will be huge tax hikes (highest in US history) soon.
     
  9. Oct 28, 2010 at 9:30 AM
    #9
    Ridgerunner

    Ridgerunner Well-Known Member

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    I am confused about something-if you just print off 1 trillion to a debt-that money gets recirculated in the world economy right? So what does that do to the American dollar value? I heard the more money you print up the further down the dollar goes. I personally would LOVE to piss off china and get them back for the quiet war they wage on our economy-but I don't know if this is a wise way to do it.
     
  10. Oct 28, 2010 at 9:42 AM
    #10
    cabarbhab

    cabarbhab Well-Known Member

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    just like any good, the more of it you put out the cheaper the good becomes. if only one store in the town had blue ray dvd players, the price would be very high. but when every store in town has blue ray dvd players, you can get a dvd player anywhere and the price is kept low so they can sell them. it works the same way with money. the more money that is printed and put out in the system the lower the value of the money becomes. if we were on a gold standard, you couldn't just create money out of nowhere. you would have to have a dollars worth of gold for every dollar bill out there. but we are not a gold standard, so there is nothing out there backing our dollars, only the full faith of the us government.
     
  11. Oct 28, 2010 at 9:55 AM
    #11
    THExBUSxDRIVER

    THExBUSxDRIVER [OP] Victory is reserved...

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    Not enough.
    This makes me think of that movie IDIOCRACY......holy shit the president in that movie was black too!
     
  12. Oct 28, 2010 at 10:05 AM
    #12
    achirdo

    achirdo I Weld!

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    inflation+high unemployment+lack of increase in wages= depression. that simple
     
  13. Oct 28, 2010 at 10:11 AM
    #13
    Ridgerunner

    Ridgerunner Well-Known Member

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    Damn that means the dollar is pretty worthless now doesn't it!?
     
  14. Oct 28, 2010 at 10:22 AM
    #14
    THExBUSxDRIVER

    THExBUSxDRIVER [OP] Victory is reserved...

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    Not enough.
  15. Oct 28, 2010 at 10:23 AM
    #15
    rme

    rme Well-Known Member

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    You only mentioned one trillion....think Tarp then think stimulus. I go with the economist that said divide the trillion up send it to the tax paying citizens and tell them you must spend it in a year and report who you paid. That would have had a more beneficial effect. Most people who have paid their homes off thus avoiding the TARP...with Money left over they could buy a new car...thus avoid the acquistion of Goverment Motors.....We're all gonna pay the question is how much....
     
  16. Oct 28, 2010 at 10:27 AM
    #16
    rab89

    rab89 Well-Known Member

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    face palm of an idea!
     
  17. Oct 28, 2010 at 11:40 AM
    #17
    cabarbhab

    cabarbhab Well-Known Member

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    the dollar has decreased in value by 95% over the past 100 years. just look at how much gold has gone up. or should i say that the value of gold has stayed constant and the value of the dollar has gone down and it keeps taking more and more dollars to buy the same amount of gold.
     
  18. Oct 28, 2010 at 11:53 AM
    #18
    WNYTACOMA

    WNYTACOMA Well-Known Member

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    Giving tax breaks while attempting to fund two wars was a stroke of genius...

    This thing was headed into the shitter a long time ago, but a lot of people don't have the common sense to see anything other than what some agenda driven idiot on TV or radio tells them is 'fact'...

    Sheep, and a lot of so called 'personalities' on radio and tv are making a killing off of the inability of so many to get information from all sources, process it, and to think for themselves.
     
  19. Oct 28, 2010 at 11:58 AM
    #19
    HBMurphy

    HBMurphy Ban Pending

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    Bottled water? 20 years? Don't you know that captialism will be illegal by then! :eek:

    Goose was this one of the guys you didn't like?

    carry on
     
  20. Oct 28, 2010 at 1:13 PM
    #20
    THExBUSxDRIVER

    THExBUSxDRIVER [OP] Victory is reserved...

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    Huh?
     
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