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Ron Paul on CNN talks about the Trillion Dollar deficit!
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prozacrefugee
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PostPosted: Wed Jan 14, 2009 11:55 am    Post subject: Reply with quote

voiceofTruth wrote:


Meaning we have yet to realize the scope of the devaluing of the dollar by the bailouts. What will follow in the next 5- 6 years if we keep on this pace is hyper inflation. Money will not hold its value day to day.


Can you provide ANY historical antecedent? The great depression in this country clearly states the dangers of non-intervention, but you have no solid data suggesting hyperinflation in this country.
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voiceofTruth
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PostPosted: Wed Jan 14, 2009 2:03 pm    Post subject: Reply with quote

Quote:
"Given the reluctance of our politicians to raise taxes, cut benefits, or even limit the growth in benefits, the most likely scenario is that the government will start printing money to pay its bills. This could arise in the context of the Federal Reserve “being forced” to buy Treasury bills and bonds to reduce interest rates. Specifically, once the financial markets begin to understand the depth and extent of the country’s financial insolvency, they will start worrying about inflation and about being paid back in watered-down dollars. This concern will lead them to start dumping their holdings of U.S. Treasuries. In so doing, they’ll drive up interest rates, which will lead the Fed to print money to buy up those bonds. The consequence will be more money creation—exactly what the bond traders will have come to fear. This could lead to spiraling expectations of higher inflation, with the process eventuating in hyperinflation."

It's not like it hasn't happened before. Hyperinflation is actually the norm, not the exception, and it's the escape route taken by virtually every country suffering under the burden of payment promises is cannot possibly keep. Whether we're talking about Germany after World War I, or the United States over the next few years, hyperinflation is the only option remaining for politicians who refuse to practice fiscal sanity.

No politician ever got elected by promising voters their entitlements would be halted, did they? Political popularity is derived from promising voters precisely what the nation cannot afford: Endless entitlements and runaway spending without apparent consequence.


This is from 2006 and it is scary accurate especially with the fed buying treasury bonds. Sorry your quasi socialist philosophy is diametricly opposed to the tenants of a healthy free market. The bailouts are hyperinflation ,its happening right in front of our eyes!
_________________
A strong body makes the mind strong. As to the species of exercises, I advise the gun. While this gives moderate exercise to the body, it gives boldness, enterprise and independence to the mind. Games played with the ball, and others of that nature, are too violent for the body and stamp no character on the mind. Let your gun therefore be your constant companion of your walks.
Thomas Jefferson
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prozacrefugee
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PostPosted: Wed Jan 14, 2009 2:16 pm    Post subject: Reply with quote

voiceofTruth wrote:


This is from 2006 and it is scary accurate especially with the fed buying treasury bonds.


The fed always buys bonds, it's their way of injecting liquidity into the cash market. Again, if this hyperinflation is a result of government spending why has it NEVER been seen in the US, especially in the period of 1945-1969 when not only was per capita spending greater (as a percentage of GDP) but the US also had the greatest period of economic growth in its history.

Comparisons to Germany in the 1920's are cliche, and ridiculous. The US does not have a war ravaged infrastructure, a missing generation killed on the front, or crippling war reparations due in another nations currency.

Quote:
Sorry your quasi socialist philosophy is diametricly opposed to the tenants of a healthy free market.


Yup, me and Eisenhower are nothing but raging reds. You got me.

This isn't a moral or political issue - Keynes described how markets actually work. The self-destructing economy we have now was from the "free" market you laud, stripped of regulation. How is that working out?

The simple fact is this - without pump priming spending you will see a sharp uptick in unemployment, further reducing demand, and further prompting unemployment. This is a depressionary cycle, and you can see one in the US if you go look at the events of 1929 - 1931.

Quote:
The bailouts are hyperinflation ,its happening right in front of our eyes!


The bank bailouts are neither hyperinflation nor a bailout, they're rather the last robbery of the Bush administration to the financial sector. Since the banks apparently stuffed the money down a black hole rather than lending it its inflationary effect is nill.
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voiceofTruth
Rinsester


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PostPosted: Wed Jan 14, 2009 2:19 pm    Post subject: Reply with quote

The bailouts devalue the dollar you cannot deny this.
_________________
A strong body makes the mind strong. As to the species of exercises, I advise the gun. While this gives moderate exercise to the body, it gives boldness, enterprise and independence to the mind. Games played with the ball, and others of that nature, are too violent for the body and stamp no character on the mind. Let your gun therefore be your constant companion of your walks.
Thomas Jefferson
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prozacrefugee
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PostPosted: Wed Jan 14, 2009 2:53 pm    Post subject: Reply with quote

voiceofTruth wrote:
The bailouts devalue the dollar you cannot deny this.


Printing money devalues the worth of money through inflationary pressure, it doesn't matter for what cause it's done. However you seem to have the money supply confused with productive capacity, and they are NOT the same.
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voiceofTruth
Rinsester


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PostPosted: Wed Jan 14, 2009 2:57 pm    Post subject: Reply with quote

No I dont ,your wrong. Productive capacity or lack of is no excuse to devalue the dollar and cause inflation. Your smart enough to understand the circle jerk that the treasury and fed has engaged in. Your productive capacity excuse is nothing more than an excuse.
_________________
A strong body makes the mind strong. As to the species of exercises, I advise the gun. While this gives moderate exercise to the body, it gives boldness, enterprise and independence to the mind. Games played with the ball, and others of that nature, are too violent for the body and stamp no character on the mind. Let your gun therefore be your constant companion of your walks.
Thomas Jefferson
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voiceofTruth
Rinsester


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PostPosted: Wed Jan 14, 2009 2:58 pm    Post subject: Reply with quote

The next 6 months will determine who is right in the arguement.
_________________
A strong body makes the mind strong. As to the species of exercises, I advise the gun. While this gives moderate exercise to the body, it gives boldness, enterprise and independence to the mind. Games played with the ball, and others of that nature, are too violent for the body and stamp no character on the mind. Let your gun therefore be your constant companion of your walks.
Thomas Jefferson
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prozacrefugee
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Joined: 19 Nov 2003
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Location: living in a powderkeg and giving off sparks

PostPosted: Wed Jan 14, 2009 3:46 pm    Post subject: Reply with quote

voiceofTruth wrote:
No I dont ,your wrong. Productive capacity or lack of is no excuse to devalue the dollar and cause inflation. Your smart enough to understand the circle jerk that the treasury and fed has engaged in. Your productive capacity excuse is nothing more than an excuse.


Rolling Eyes

Current inflation rate is around 1%, lower than any in recent history. What again is the problem?

http://www.inflationdata.com/inflation/Inflation_Rate/CurrentInflation.asp

Seriously, please go learn what the fuck you're talking about if you're going to make this your life's crusade. Money is a medium of exchange, and obeys the same laws of supply and demand as anything else.
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voiceofTruth
Rinsester


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PostPosted: Wed Jan 14, 2009 4:06 pm    Post subject: Reply with quote

Quote:
"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”


There are 4 types of inflation commodity, wage , monetary and currency. Like I said the inflation takes time to set in. I will gladly bump this post in due time.
_________________
A strong body makes the mind strong. As to the species of exercises, I advise the gun. While this gives moderate exercise to the body, it gives boldness, enterprise and independence to the mind. Games played with the ball, and others of that nature, are too violent for the body and stamp no character on the mind. Let your gun therefore be your constant companion of your walks.
Thomas Jefferson
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prozacrefugee
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PostPosted: Wed Jan 14, 2009 4:52 pm    Post subject: Reply with quote

[quote="voiceofTruth"]
Quote:
I will gladly bump this post in due time.


Is this gonna be before or after your Iraq victory party? Because I'm nervous about only having 10,000 years to dress.
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prozacrefugee
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PostPosted: Wed Jan 14, 2009 4:58 pm    Post subject: Reply with quote

voiceofTruth wrote:
This is why John McCain will be elected as the next president of the united states by the baby boomers. Good luck in 2012


AWESOME PREDICTIVE POWER!
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voiceofTruth
Rinsester


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PostPosted: Thu Jan 15, 2009 12:44 am    Post subject: Reply with quote

Ron Paul live on the house floor today.



Link

_________________
A strong body makes the mind strong. As to the species of exercises, I advise the gun. While this gives moderate exercise to the body, it gives boldness, enterprise and independence to the mind. Games played with the ball, and others of that nature, are too violent for the body and stamp no character on the mind. Let your gun therefore be your constant companion of your walks.
Thomas Jefferson
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prozacrefugee
Riot Nrrd


Joined: 19 Nov 2003
Posts: 9465
Location: living in a powderkeg and giving off sparks

PostPosted: Thu Jan 22, 2009 3:58 pm    Post subject: Reply with quote

voiceofTruth wrote:
Ron Paul live on the house floor today.



Link


voiceofTruth wrote:
Lolz, Guilinai owned Ron Paul


AWESOME PREDICTIVE POWER! HE DISHONORS UNKNOWING OF THE FUTURE!
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jaydee
Rewindster


Joined: 09 Jun 2003
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PostPosted: Wed Jan 28, 2009 10:05 am    Post subject: Reply with quote

wow ron paul is as sharp as a freshly grinded machete.



according to ron paul,government over-regulation is the cause of the current financial crisis

::cue stock brokers and loan officers gone wild ::

Shocked


::facepalm::
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voiceofTruth
Rinsester


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PostPosted: Sat Jan 31, 2009 5:52 pm    Post subject: Reply with quote

The deflation stems from price fixing bubbles that were created by the federal reserves control of credit. Which brought about overdevelopment and purchasing of real estate by those who were not qualified. This all started with the socialist program know as freddie/fannie mac 20 years ago. Feeling that people who cannot afford certain housing should be guarenteed there loans.
Let the pricing come down, stop printing money for government programs which will do nothing to create job growth or stop the bad debt from circulating. Banks need to lend to make money, people need money to make money. So lets start letting these insolvent banks fall on there ass, small region institutions will step up and it will end up helping the little guys more than ever. Create a culture of trust so that banks can start lending to sound applicants. Obama is already taking about tarp #2, #3 ,#4. If they really wanted to help the economy they would divide the package among every US citizen and we would actually see some sort of stimulus. This package will cost every american 6,700 in debt, if debt was the answer we would not have this problem. We need the liquidation of debt and allow the market to work. This is worst than the 30s cause its not just the system failing, its dollar is being destroyed. So when the dollar fails watchout! People are hanging on to treasury bills but when they finally reject the dollar and go into assets of real value chaos will ensue!
_________________
A strong body makes the mind strong. As to the species of exercises, I advise the gun. While this gives moderate exercise to the body, it gives boldness, enterprise and independence to the mind. Games played with the ball, and others of that nature, are too violent for the body and stamp no character on the mind. Let your gun therefore be your constant companion of your walks.
Thomas Jefferson
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