Re: No Depression No Economic Collapse 2008 2009 Pt. 1
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@sssssup this is only true when you have an increase in wages due to the huge influx of money, but when you have an open immigration policy coupled with hyperinflation, you get stagnation in wages as there is a surplus of labor. Not good for workers who face raising food energy and housing prices.
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I was like hmm he prob LOVES GOD OBAMA but he is very smart.
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The dollar is not punging now because of all the deleveraging in the European and American markets. They are all selling off their assets for US dollars.
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I would think the dollar should plunge, with all the dollars theyre printing but it isn't, implying the rest of the world is caught in a similar scheme. Central banking pretty much is the standard. Ive heard tax money goes to the Fed from the IRS which the gov then has to borrow at interest. Meaning it is impossible to pay off government debt unless they printed money themselves.
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idiot, dont like your flairy nostrels
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I'm fearful that the economy maybe the least of our worries soon. I get a bad feeling someone gonna want to kick us while we are down.
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Inflation only happens when the rest of the world hasn't tied their economies to derivitive ponzi schemes as well. The only thing propping us up, besides China is that the crisis is based on everyone's collective greed with a 500 trillion derivitive market and only 150 trillion in actual household wealth.
BaronVonLichtenstein 3 years ago
Inflation also occurs when you create at last count 8.5 Trillion dollars out of thin air via the Banker Bailouts.
sscam2001 3 years ago
Great post. But where can I find the stats on them printing 7 trillion?
BaronVonLichtenstein 3 years ago
google "Government bailout hits $8.5 trillion" the SanFrancisco Chronicle ad should be among the top 10
sscam2001 3 years ago