Glenn Beck on the Stimulus
Glenn Beck on the Stimulus
I'm not a big fan of GB, but I still found this interesting/disturbing.
http://www.youtube.com/watch?v=R8AMOoN7 ... 42060.html
http://www.youtube.com/watch?v=R8AMOoN7 ... 42060.html
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http://powerandcontrol.blogspot.com/200 ... gging.html
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We are at the point right now where the increased money supply looks like an increase in real demand. In 12 to 18 months price inflation will kick in. Then all hell will break loose.
Had the money supply been increased by giving the money to profitable producers a lot of the damage would have been averted. But most of the "stimulus" is going to consumers. Very bad move.
I predicted stagflation months ago. I'm holding to that prediction more than ever.
http://powerandcontrol.blogspot.com/200 ... gging.html
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We are at the point right now where the increased money supply looks like an increase in real demand. In 12 to 18 months price inflation will kick in. Then all hell will break loose.
Had the money supply been increased by giving the money to profitable producers a lot of the damage would have been averted. But most of the "stimulus" is going to consumers. Very bad move.
I predicted stagflation months ago. I'm holding to that prediction more than ever.
Engineering is the art of making what you want from what you can get at a profit.
I think the government should have stayed out. It's bad to bail out companies. Giving money to producers is the worst possible move. If they don't have to sell products/service to get money, they won't. And when they don't have to do that they fire the people that made them. And when they do that, those people can't buy those products/services even if the companies wanted them to.
Carter
Yes. Just giving them money is bad. Lowering their cost of production (taxes) seems to work though.kcdodd wrote:I think the government should have stayed out. It's bad to bail out companies. Giving money to producers is the worst possible move. If they don't have to sell products/service to get money, they won't. And when they don't have to do that they fire the people that made them. And when they do that, those people can't buy those products/services even if the companies wanted them to.
Engineering is the art of making what you want from what you can get at a profit.
Its a simple question to ask: since excessive borrowing and debt got us into this mess in the first place, someone please explain to me how getting even deeper into debt is going to fix it?
The real facts are that both of the demopublican duopoly of power know that their fiat money system is collapsing, they are just in the process of looting what they can from the system before it all goes down the crapper.
The real facts are that both of the demopublican duopoly of power know that their fiat money system is collapsing, they are just in the process of looting what they can from the system before it all goes down the crapper.
I've heard that before. What we get instead are periodic revaluations.IntLibber wrote:Its a simple question to ask: since excessive borrowing and debt got us into this mess in the first place, someone please explain to me how getting even deeper into debt is going to fix it?
The real facts are that both of the demopublican duopoly of power know that their fiat money system is collapsing, they are just in the process of looting what they can from the system before it all goes down the crapper.
Engineering is the art of making what you want from what you can get at a profit.
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Think of it as printing money to lower the value of the dollar. Export your way out of trouble while there's still a manufacturing sector left.MSimon wrote:I've heard that before. What we get instead are periodic revaluations.IntLibber wrote:Its a simple question to ask: since excessive borrowing and debt got us into this mess in the first place, someone please explain to me how getting even deeper into debt is going to fix it?
The real facts are that both of the demopublican duopoly of power know that their fiat money system is collapsing, they are just in the process of looting what they can from the system before it all goes down the crapper.
With so many toxic investments around, the dollar is probably overvalued anyway.
Ars artis est celare artem.
But so is every other currency and gold is not spiking. I'd say we are at the calm before the storm phase.alexjrgreen wrote:Think of it as printing money to lower the value of the dollar. Export your way out of trouble while there's still a manufacturing sector left.MSimon wrote:I've heard that before. What we get instead are periodic revaluations.IntLibber wrote:Its a simple question to ask: since excessive borrowing and debt got us into this mess in the first place, someone please explain to me how getting even deeper into debt is going to fix it?
The real facts are that both of the demopublican duopoly of power know that their fiat money system is collapsing, they are just in the process of looting what they can from the system before it all goes down the crapper.
With so many toxic investments around, the dollar is probably overvalued anyway.
Engineering is the art of making what you want from what you can get at a profit.
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Gold prices here:MSimon wrote:But so is every other currency and gold is not spiking. I'd say we are at the calm before the storm phase.alexjrgreen wrote:[...]
With so many toxic investments around, the dollar is probably overvalued anyway.
http://www.usagold.com/gold-price.html
Ars artis est celare artem.
Looks like a 20 year rise with a current flattening. I take that to mean most of the previous inflation has been absorbed. I think we have a new round yet to come.alexjrgreen wrote:Gold prices here:MSimon wrote:But so is every other currency and gold is not spiking. I'd say we are at the calm before the storm phase.alexjrgreen wrote:[...]
With so many toxic investments around, the dollar is probably overvalued anyway.
http://www.usagold.com/gold-price.html
Engineering is the art of making what you want from what you can get at a profit.
The short form: we are screwed.JohnP wrote:If we can dispense with the cocky, shrill, right-wing infoporn and get down to some hard analysis, I would be more interested.
The only way to pump money into an economy without increasing inflation is to see that the money goes to producers. The money (most of it) is going to consumers. Expect a large spike in inflation in 12 to 18 months. i.e. just in time for the 2010 election. We are so screwed.
Engineering is the art of making what you want from what you can get at a profit.