quote:

ORIGINAL: MrRodgers


...'maybe not as compared to other currencies ?' That IS the ONLY value to ANY currency. That defines the 'monetary' system. Why do you and others continue with the outright lie or complete ignorance in stating two things as fact, the dollar is falling...IT IS NOT. We (Obama/Bernanke) are 'printing up money ?

BTW FDR's sec. of tres. was flat out wrong as the facts pointed out. With stoke of a pen, FDR put 2-3 million people to work in 90 days. Those were the facts on the ground.

Is it too much for such obviously very smart people to figure it out...that the US is NOT, repeat...IS NOT printing money ? BTW FDR's sec of the treasury was flat out wrong and likely

quote:

ORIGINAL: MileHighM
Ummmmm WRONG...
I don't give a damn what the value of the dollar is versus other currencies, because that is only a relative matter when it regards to trade (lately presidents have liked the idea of a weak dollar because it helps increase exports). Inflation also effects the price of goods strictly from a commodities basis. The dollar IS FALLING with the respect to food, metals, energy, etc. which is funny because there is no supply shortage and demand has dropped due to slowing manufacturing numbers. Hmmm I wonder the fuck why, oh yeah, the dollar is taking a big shit!!! You are one of ten assholes who is dumb enough to believe the dollar is not falling. It is costing more and more and more to afford everyday things (That is inflation and the devaluation of the dollar).

quote:

ORIGINAL: willbeurdaddy

You seem fairly knowledgable but have to resort to hyperbole and strawmen to support your position.

The Austrians and conservatives have not predicted "hyperinflation", just increasing rates of inflation. And there is an extremely good reason that it hasnt occurred yet. No "conspriacy" is needed.

Take a look at the excess reserves in depository institutions. The printed money has not yet hit the economy because nobody wants to borrow, and few want to lend. However, that can't last forever, and in fact there are some signs that excess reserves are starting to go down. They are at something like $1.5 TRILLION....10 times what they were before late 2008. If there is any sort of release of those reserves the fractional reserve multiplier means it is equivalent to 8 to 14 TRILLION injection of cash into the economy...as much as the entire GDP. If you don't think that is WHY inflation has been relatively mild, and you dont believe that that kind of cash injection MUST be inflationary, you arent as knowledgable as you pretend.

This is Bernanke's dilemma I referred to earlier, and what I warned this board about after the stimulus. Once that pandora's box is open, it is extremely difficult to reverse. IF the stimulus had produced the economic growth claimed by the Keynesians it would have been hard enough. Verging on a technical new recession any attempt to combat inflation will further exacerbate the economic problems.

quote:

ORIGINAL: MileHighM

quote:

ORIGINAL: MrRodgers


...'maybe not as compared to other currencies ?' That IS the ONLY value to ANY currency. That defines the 'monetary' system. Why do you and others continue with the outright lie or complete ignorance in stating two things as fact, the dollar is falling...IT IS NOT. We (Obama/Bernanke) are 'printing up money ?

BTW FDR's sec. of tres. was flat out wrong as the facts pointed out. With stoke of a pen, FDR put 2-3 million people to work in 90 days. Those were the facts on the ground.

Is it too much for such obviously very smart people to figure it out...that the US is NOT, repeat...IS NOT printing money ? BTW FDR's sec of the treasury was flat out wrong and likely

Ummmmm WRONG...
I don't give a damn what the value of the dollar is versus other currencies, because that is only a relative matter when it regards to trade (lately presidents have liked the idea of a weak dollar because it helps increase exports). Inflation also effects the price of goods strictly from a commodities basis. The dollar IS FALLING with the respect to food, metals, energy, etc. which is funny because there is no supply shortage and demand has dropped due to slowing manufacturing numbers. Hmmm I wonder the fuck why, oh yeah, the dollar is taking a big shit!!! You are one of ten assholes who is dumb enough to believe the dollar is not falling. It is costing more and more and more to afford everyday things (That is inflation and the devaluation of the dollar).

THEY ARE printing money because they said they are. THEY ADMITTED IT, DUMMY!!! they called it quantative easing to slip it past the public and fired up the presses. That is how you monetize debt. the debt is in dollars, so if you devalue the dollar, you devalue the debt.

FDR's treasury secretary was flat out wrong? It was his policies and he was admitting failure, why would he do it? just for the fun of shaming himself? not likely, you are just want to hold on to a lie buddy. 2-3 mil got jobs, yet unemployement stayed above 10%, hmm why? 2-3 mil was a token number compared to the scope of unemployment and mass of people who were still losing their jobs in other sectors. The US floundered much longer than much of the rest of the world in coming out of the depression, we did nothing masterful to fix the situation. Honestly, if it takes 10 years to fix a depression, you might as well have done nothing, because I think a control economy untouched by meddling policies would have self corrected on its own in that time period.

Both of these collapses were caused by the deregulation of the biggest fucktard theives in the world (AKA the investment bankers and other financial types). And, in both cases, the prudent thing is to just put em back in the box where they belong. The economy didn't collapse because of collapse in demand for product, it collapsed because the financial foundation behind the purchasing power of the US collapsed. None of that is fixed by stimulus. It is fixed by restructing the US debt, specifically individual privately held debt. How do you pay for it? Seize Wall Streets assests to forgive all that debt. It was their fault, don't bail them out, make them bail us out.

quote:

ORIGINAL: NewOCDaddy

We almost agree. It wasnt de-regulation that caused the problem (other than Glass-Steagall), it was lack of enforcement of existing regulations and failure to regulate Fannie and Freddie when people were screaming that they were impending disasters. It wasnt fucktard thieves in business, it was fucktards in Congress named Frank and Waters that enabled the fucktard businessmen.

We do agree the bailout should never have happened. The original plan to buy toxic assets might have been somewhat better, but still a bailout. BUT, most of the TARP money given to financial institutions has been repaid, and the psychology of doing something instead of nothing has merits. In fact more has been received through principal and interest repayments than has been paid out. However there is still money sitting there to be paid out, so the entire program isnt in a positive position. A projected net cost of about $100 billion may be worth the psychological gains.

The real problem with TARP is the precedent and its resulting potential for moral hazard. How do you convince the "too big to fail" institutions that you WILL let them fail?

quote:

ORIGINAL: MileHighM

look at the chart, it excludes food and energy, what a total load of shit. without that data, it is moot. They are becoming the lionshare of expendature. That chart represents data manipulation in the name of propaganda. Sorry, not pulling the wool over my eyes. The manufacturing my company does is seeing large cost increases. we are cutting profits to try and keep prices down. That is a trend, but it can only go for so long before the back breaks. There is inflation, it is being fluffed with data manipulation, just you wait.