Collapse of Western Economy. (part 2.) Basic Inflation Tactics.

The American National Debt has continued to increase an average of
$1.93 billion per day since September 28, 2007.

The national dept will exceed 10 trillion dollars within 2008.


In the 1990s $2.8 trillion of new debt was created; more than created in the nation's entire history prior to 1990

In the 4 years 1997-2001 total federal debt increased $438 billion,
a period when politicians bragged about a $557 billion surplus.
That's a $1 Trillion creditability gap.
(Some might suggest Enron and others learned reporting gimmickry from government practices)

An additional $2.8 trillion of debt was added in 2002-2007.

Source:
http://home.att.net/~mwhodges/debt.htm

Bernanke's Statement:
http://www.federalreserve.gov/BOARDDOCS/SPEECHES/2002/20021108/default.htm

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[MrAkA22]

america, soon to be a 3rd world county

[RoniCMaster]

It's counteirfeiting I tell ya. Your Fed is a counterfeit syndicate. I don't understand how you can't throw them to jail for that.

[TSM8088]

The "Baby Boomer's" selfishness and outright greed over many decades has ruined the United States economy. If you feel offended, YES----I mean YOU!

[Mattikish]

what i am gonna do is imma sell out all my stocks and cash. Buy shit loads of gold. and become a farmer to feed my self. Sounds safer IMO.

[jizzleone1]

Kill 666 buy .999

[Vomitonthecross]

@mattcg90 You're stupid

[Loathomar]

@buzzz121 " Deflation always precedes inflation" where? I mean if you have 2 options, deflation and inflation, then yes deflation precedes inflation, also inflation precedes deflation. Much like an off light precedes an on light. But deflation does not precedes hyper inflation. In the case of both Zimbabwe and Germany's Hyperinflation, there was no deflation then hyper inflation, but inflation, high inflation then hyper inflation.

[buzzz121]

@Loathomar Deflation always precedes inflation and in the case of the US hyper-inflation. All by the way engineered, first we have some more raping, plundering & piliging to do.

[sgentlemanjack112]

inflation will onl occur, whennn the economy trul beins to grow again...ntil then. its DEflation ..all the signs are showing it

[loverforever1]

well done, scarface! ;)

[jwang604]

@mattcg90 Every country in the world prints paper money. Your currency is no better than the US's currency. The government lowered interest rates to stimulate growth. In addition, they do not make the prices, the market determines the prices. Go take a economic class or two.