Glenn Beck - The Inconvenient Debt! The Federal Reserve and Inflation - 01-29-09

Glenn Beck - INFLATION!! The Federal Reserve and the Inflated Money Supply - 01-29-09

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Category:

Education

Tags:

• Glenn Beck
• The Federal Reserve
• endthefed
• Inflation
• dollar
• Economy
• Economic collapse
• Bernanke
• Paulson
• Central Bank
• Fiat Currency
• Obama
• Timothy Geithner
• Campaignforliberty
• YALiberty

[ghahandi]

I'n not a Beck fan...however he makes a compelling point here.

[MyImago]

The FED is the root of all evil. Call your Represenative have them co-sponsor Ron Pauls Bill HR 1207 Transparancy of the FED.

[benchfordeath]

HR 459 and S 202 AUDIT THE FED, get that crook Bernanke behind bars.

[virtualpilot45]

If you're concerned about the enormous inflation and government bailout packages to selected banks, look up Ron Paul.

[crazynerd1986]

@TheSuperImmortalKing So is the debate about who is a moron or what economic system would serve the society better? I thought we lost track of that. The main point is that we are being taken advantage of by being forced to pay taxes into things that we have no say in. That money is used to bail out major corporations. In a socialist society, we the people would decide where the taxes go. Instead of bank bail-outs, we can put money into raising the standard of living for those who suffer.

[TheSuperImmortalKing]

@crazynerd1986 the fact that you thought it was a statistical formula just proves that your a moron and that your not even worth wasting my time with.

Lulz at value remaining "contant" (I assume you mean costant). Value is subjective. The value of an item is based on one's subjective value of it, not monteary base. Something worth millions can have no value to me. Something worth nothing can be very valuable to me.

[crazynerd1986]

@TheSuperImmortalKing I did not comment on your statistical formula of your description of hyperinflation because it means nothing. The point is that the rise and fall of monetary value is directly linked to the waves of the market, which is a part of capitalism. By getting rid of capitalism, value would remain contant. Socialism eliminates the need for profit, which maintains a steady and balanced self-sustainable economy. No more worries about money and value fluctuations.

[TheSuperImmortalKing]

@crazynerd1986 lulz. It's amazing how you never refuted a single thing I said about hyperinflation. As, for socialism is about 'power to the people', how exactly do you do this? In socialism, private property,or at least the means of production is not owned by individuals, but 'society'. And how well society figure out what to organize the means of property? Essential a government must solve the dilemma. Lulz at being brainwashed.

[crazynerd1986]

@TheSuperImmortalKing No, socialism is not about the government. Socialism places the power in the hands of the people. Our pseudo-democracy is not real power. Our government and banking corporations have the power currently. Socialism's goal is to give people the power in making decisions and sharing wealth with all, not just a select few of elites. You have been brainwashed by our government, they want you to believe that socialism is evil and will take away your freedom.

[TheSuperImmortalKing]

@TheSuperImmortalKing Also, please tell me how hyperinflation can occur in a capitalist society without fiat money? You have yet to show where the money supply comes from.

History shows that central banks and government controlled money creates hyperinflation.

[TheSuperImmortalKing]

@crazynerd1986

Increasing in growth domestic product =/= inflation.

(dP/P)/dt = (dM/M)/dt + (dV/V)/dt -(dQ/Q)/dt. P = prices, M = money, V = velocity of money, Q = real value of goods and services. In order for inflation to occur, the monetary supply must expand, which is a GOVERNMENT, socialism function.

[crazynerd1986]

@TheSuperImmortalKing Hyperinflation is a result of capitalism. Capitalism's main goal is to continue to expand (supply and demand must grow). when it does not, we have a recession. a temporary band-aid on a recession is hyperinflation to ensure that enough money remains in circulation, however, the value is destroyed. the problem of the recession only seems to be under control on the surface...hence that money is still switching hands and floating around. but underneath, it is only an illusion.