28 Jun 2009
[Originally uploaded by InflationUS]
Background [0:00 to 1:40]:
"It is 100% guaranteed that we will have hyperinflation like Zimbabwe. If we destroy our currency, if we have hyperinflation it won't matter how much money we have, we're not going to be able to buy anything with it. You can't print out phantom money based on nothing without causing the dollar to devalue. Quantitative easing is inflation."
Theory on inflation [1:40 to 2:21]:
Inflation is the printing of money.
It is the value of money in your pocket going down while prices all around you rise.
Gas prices, grocery bills....this is a symptom of inflation.
If you have money in the bank, that money is decreasing in value.
We should all be worried about inflation because it affects the prices of everything we use on a daily basis.
Good men and bad men [2:21 to 3:10]:
There have been good men warning us for years about inflation. Jim Rogers, Peter Schiff, Marc Faber, Ron Paul. They have spoken about the uncontrollable spending of the United States.
Then there have been those in power who have ignored the warnings. George W Bush, Ben Bernanke, Timothy Geithner, Barrack Obama, Nancy Pelosi and all of Congress. These people, through stimulus plans, bailouts, low interest rates and the ever increasing balance sheet of the Federal Reserve will lead to the destruction of the US currency.
Quotes from Americans: [3:10 to 4:18]
"We owe the world more than Germany owed only we didn't incur this debt fighting a war. We incurred it remodelling our houses and buying iPods" -- Peter Schiff
"Never before in world history have people been able to buy houses with no money down" -- Jim Rogers
"The monetary base, the liquidity was doubled in a few short months. To me there is a lot of inflation out there. Because the prices haven't gone up doesn't mean we don't have the distortion. It was that system that gave us the financial bubble." -- Ron Paul 1
"This system that we've had since 1971 is non-viable and it's coming to an end." -- Ron Paul 2
The Bush tax cuts of 2008 and Obama's continued stimulus [4:32 to 5:43]
Bush's $152 billion economic stimulus act of 2008 sent cheques to individuals and married couples. Oil prices surged to $147 a barrel. Americans needed the cheques just to buy gas. Obama's will take a while to work their way through the system. Projects will take years to be completed but the long-term effects will be many times worse [Amazing]
2 trillion dollars of deficits....
Alan Greenspan and Ben Bernanke on low interest rates [5:43 to 8:05]
"We've never had a decline in house prices on a nationwide basis. I think it is likely house prices will slow, maybe stabilize, it might slow consumption spending a bit but it will not drive the economy too far from its full employment path though." -- Ben Bernanke
"There's not much indication at this point that sub-prime mortgage issues has spread into the broader mortgage market which still seems to be healthy...and the lending side of that still seems to be healthy" - Ben Bernanke
The mess of Congress -- this is hilarious [8:05 to 9:25]
Loading...
9:53
How is inflation calculatedby MrNChoudhury72 views
Stop at 5:54 and look at the guys shirt
ctsfinestjon 4 months ago
Evil Inflation is the Obamanation of America and the growth of Govern Mentalists
GovernMentalFreedom 5 months ago