Bernake and co have to be the dumbest SOB's on the planet

[Dave]

Inflation will fix the US economy uh huh sure

Its been a while since I took a macroeconomics course but inflation tends to make goods and services cost more.

That doesnt work in a near jobless economy Bernake you dumbazz

WRAPUP 1-Two Fed officials favor aggressive easing options | Reuters

[WakemanLM]

as money becomes intentionally manipulated to be less and less valuable goods and food will be more valuable. Hence the value of Gold sky-rocketing. This is because we are operating on a fractional reserve banking system instead of a system with controlled creation of currencey or a system that is at least half backed by gold or silver.

Since the fed has had free reign to create as much money as they want with almost nothing backing it for the last 20 years we have huge problems on the horizon. Money is created by banks and it will end up in banks

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered...I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
Thomas Jefferson.

[icysmooth]

Jefferson was right,but how to correct?
Inflation will only kill us right now.
I-for one,when taxes are cheap-I have more money-which means I will spend it,which means products will need to be made-demand will rise.
But it needs to be brought back here-to the USA-that's when we will bring back quality standards-it won't be as cheap as China-but it will last,and I would gladly pay for a better product as long as it will last longer.
To recover-we need to re-establish American industries and factories,get our people back to work,and sell our products to the rest of the world and stop buying from them.
Stop printing money and start making it-stop building China into a super-power!!!!!
They already own us-It's time to pay them off and claim our own back where we should be.
But THAT will NEVER happen with this White House administration!!!
How's that HOPE AND CHANGE WORKING NOW???????????????:bang ing:

[Dave]

Inflation will destroy the US right now. But it will be great for the European economy And create a nice chunk of profit for the FED

[WakemanLM]

the fed is no more federal than burger king. The truth about the fed is that either way their life span, or better yet, endless money supply is growing weaker by the second. People are beginning to realize that our currency has no backing and is becoming less and less valuable, Money has not been a currency that was backed up with any sort of collateral since the greenback.

The trick played on the general population is that one side preaches small govt and let banks have their way and capitalism reign. the other preaches big govt and money regulation by the banks. It is a fallacy because both are actually taking a very close road that ends up at the same destination....BANKS WITH THE MONEY. You can rest assure that both parties care about the same class. Their class.

[7.3Lariat]

Originally Posted by icysmooth

But THAT will NEVER happen with this White House administration!!!
How's that HOPE AND CHANGE WORKING NOW???????????????:bang ing:

No administration is going to make what needs to happen happen until we stop electing the same damn kind of people. People indebted to special interests, PACs, industries, companies etc. Until we fix the elections we are going to get more of the same from people telling us they are different. No matter who has been in power on the left or right we end up in the same boat. And that boat happens to be sinking at an increasing rate.

[icysmooth]

True,but one step at a time and hope for the best.

[Bad Night]

It's a vicious circle that needs broken . I would love to see our country give all business incentives to come back home . Start taxing imports like they do us . There would be more work here , so obviously more jobs . People could spend more of there hard earned cash , this would create more demand for our American products , this would in turn create more jobs ........

Funny , I am just a construction worker with a high school education and I can figure it out . Why is our country so off coarse ?

Also as stated before I would gladly pay a higher price for a truly American made product , especially if it were superior in quality .

[icysmooth]

Originally Posted by Bad Night

It's a vicious circle that needs broken . I would love to see our country give all business incentives to come back home . Start taxing imports like they do us . There would be more work here , so obviously more jobs . People could spend more of there hard earned cash , this would create more demand for our American products , this would in turn create more jobs ........

Funny , I am just a construction worker with a high school education and I can figure it out . Why is our country so off coarse ?

Also as stated before I would gladly pay a higher price for a truly American made product , especially if it were superior in quality .

Yep! Put some super high tariffs on imports,then reduce all the lawyer/legal bs on companies here,then let's all get back to work!

The BS legal system needs to get out of our way (DC.etc.)

That way Americans can put Americans back to work

[Dave]

Im about ready to Bernake's dumb azz square in the balls

Creating inflation will fix everything Shut up Ben you're a fukking idiot


Keynesian economics has and always will fail