Glenn Beck Just realize What's Going On (part 2 )
Uploader Comments (Quitenno)
All Comments (34)
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Glen, you're ignoring factors in your commodities chart. Commodities and food prices are going to continue to rise till they discover their relevance vs. consumption. The fact that we haven't been measuring commodities as finite quantities has a lot to do with the rise of the BRICs economies, who could very well shift in an unprecedented economic realignment, but it won't be overnight. Emerging markets are raising import quotas, and the days of cheap food are over..it's not a bubble.
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This is a deflationary spiral, but your libertarian friends deny it's existence. The target is to disinflate after growth cycles, not deflate. Not only is the world still on a dollar standard, but even China is trying to get into the inflation race. Unexpected inflation is what's dangerous. Orderly inflation signals banks to adjust interest rates, workers get on contract for higher wages to balance prices, and debtors finance production at costs low enough to extract maximum returns.
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Glen, do you know what happens if we had an orderly rise in the dollar? People hold off on purchases, as prices continue to decline. The concept is called cash hoarding. Even lenders hoard if it's more favorable to lending, even though deflation traditionally benefits creditors. People stuck to fixed debt and declining assets, and businesses fail as prices continue to drop. Banks don't collect nonperforming loans, if they sell assets it further gluts an already existing supply glut.
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Buy $38,000,000,000 of - Bananas - for some reason they are phenomenally better value than fish like Cod
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Glenn Beck gets his info from Alex Jones, and then distorts it.
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Glenn Beck makes great points here but he also gets things grossly wrong. We make food here and dollars.
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Glenn Beck makes great points here but he also gets things grossly wrong.
Why are these videos so blurry? Aren't these vids captured digitally?
apophis93 1 year ago
@apophis93 this video is from DrRonPaul2012
Quitenno 1 year ago