Glenn Beck - Wealth Destruction, Government Style

[maytruthabound]

America is over! Time for Mad Max to suit up and get ready to fight Lord Humongous!

[affablevagrant]

The Ayatollah of Rock-n-Rolla!!

[baker98745]

@maytruthabound

I think you most accurately represent those that take Glenn seriously.

[thelistener13]

Consumers aren't scared to spend, WE DON'T HAVE ANY FRIGGIN MONEY, THE GOVT HAS TAKEN IT ALL!!!!

[toolshed333]

Deflation??? Anyone look at the CPI lately??? I see costs going up on almost everything besides houses.

[ferrozm]

CPI is not a reliable statistic for consumer prices. Peter Schiff covers this in his book.

[toolshed333]

It is decent measure of inflation, although none are perfect.  The big picture is present.

My point really though is that deflation has to be a systematic phenomenon, not unique to one sector of the economy. You can not have a expanding monetary base and call that deflation simultaneously because one sector sees falling prices.

[CommSense]

glen is almost correct until he starts talking about inflation. "deflation" is the cure to this economic downturn. prices need to fall because they've been bid up too high.

[Minionuup]

Because of the money being printed correct?

[CommSense]

yes. easy credit and money creations fuels bubbles. during bubbles malinvestment increases. the "crash" or "recession" weeds out the malinvestment by less efficient entrepreneurs leaving the productive entrepreneurs who are able to satisfy people's needs best. when these less competent entrepreneurs are out of business the small businesses below them will be able to take their place and thrive.

[Kevpresent2]

We will come back with a vengence..

mark my words,

[GayGuy69FTWowned]

We are fucked

[whoo689]

We really should just abolish the Fed. There's a reason many of the Founders, except for guys like Hamilton, were incredibly critical of central banking. They weren't just blowing hot air but prophesizing! And 200 years later, look where we are. The Fed is a joke. It didn't prevent the Depression. It hasn't prevented this crisis. It's worthless.

At the very least, Congress needs to pass, and hopefully Obama will get SOME sense in his head and sign, Ron Paul's bill to audit the Fed.

[dudemanbearpig]

I agree, and not only did the Fed not prevent the Great Depression, they actually CAUSED it.

[thelistener13]

I agree about the Fed, but Congress is crazy mad spending money, so if it weren't for the Fed printing it, the whole world would sink into catastrophe. The Fed is saving us from our govt for as long as it can.

[whoo689]

I don't always agree with Glenn Beck, and as a conservative, he does anger me on a lot of things, mainly social issues and the war. But he is one of the few talk show hosts actually talking about this kind of stuff and inviting Ron Paul sometimes. Idiots like Sean Hannity and Bill O'Reilly only scratch the surface with their typical Republican complaints (not to mention Hannity is pretty much a party hack). Beck gets closer to the heart of the matter.

[Myzackery]

The reason they are doing this last ditch effort with the Trillion dollar money drop is because there is no other choice. We cannot go back to producing things in the US or we crush China's export outlet. If America goes back to saving and buying only what it needs and producing and manufacturing which is all the right things to do, then we simplly crush China. We bankrupt them because Americans buy more Chinese exports than all other countries in the world combined.

[ImphreniousZog]

Naturally, the Gov would rather we pursue AIG than tell us about their plans to combat deflation. Given that and what this Congress and Administration have done so far... It's hard to hold out much hope for their efforts.

[Elasaltaculos]

We need a defletion, it is a good thing that our prices are falling and that life becomes more affordable.

Saving is not a good move if you are holding it in dollars, not if they keep inflating the money supply. We need to save in the form of commodities like gold and silver so that we may be shielded from inflation.

[Elasaltaculos]

I think 50% deflation should not reflect just in the real estate market but throughout the economy

The Fed's new policy will fail and unless they stop their current direction, the collapse of the dollar will follow without a doubt.

The value of a fiat currency is people's trust in it, and right now that is being undermined.

[TheYouToobPolice]

The dollar is now DEAD ,more debt please .