shootpar2001

Monetary Madness in a Single Chart: Hyperinflation's Just Around the Corner

You can blame any President that you want, it does not necessarily make it true. This is a societal problem; spending what we do not have and spend thrift congress' are a major source (both parties).

Balanced budgets???
You are dreaming....... WAKE UP!!!!!!!!

All I can say (from a SA viewpoint) is watch the money flows and make your money from it. To hell with any political viewpoint!!!!



On Jun 13 12:15 PM Trane250 wrote:

> Laugher (spelling deliberate): What a joke. He's the guy who proved
> that less means more, i.e. voodoo economics. Ronald Reagan bought
> into Laffer's nonsense and ran up the national treasury debt by 1.8
> trillion 1980s dollars. Bush 43 also bought in and more than doubled
> the national debt and accumulated a $3.4 trillion trade deficit to
> boot. But Laffer's probably right about the consequences of Bernanke's
> massive money printing. If we had practiced the old fashioned balanced
> budget fiscal discipline, we wouldn't be in this mess.

Monetary Madness in a Single Chart: Hyperinflation's Just Around the Corner

Yes and Yes.
Tax rates will never be lower in our lifetime (I may have 30 years left). Take advantge now (that is what SA is all about).

Good Luck.



On Jun 13 09:27 AM twotraps wrote:

> So, what can we do about it? Pay the tax now on deferred accounts
> if possible. Buy that little bit of vacant land you've been thinking
> about and anything else that can rise with inflation. The dollar
> I'm not sure about since the rest of the world is just as shaky....that
> does not mean that another block currency might form if enough damage
> is done in the US.....only that scenario would take too long to unfold
> and therefore not useful as far as investments right now. We might
> see the mighty fall of the Great Health Care Scam complete with crashing
> medical stocks, insurance companies and exiting segments on CNBC
> where they will tell us '...we told you so...' and '...as we have
> been reporting for months....'. Gotta love those guys.

Monetary Madness in a Single Chart: Hyperinflation's Just Around the Corner

Timing!!! Ummmh......
Where are the genious'????

I am not one..... but I know that people, corporations are trying to de-lever and pay down debt. Therefore, I will continue to invest in it.
Collect the payments that they are trying to pay off, with debt being taboo and undervalued (still) money can be made here for 'maybe' a couple more years.

Disclosurers: (PTY), (PSY), (ACG), (MSY)



On Jun 12 08:23 PM IronMeteor wrote:

> Timing, Timing, Timing. I want an exact year, not around the corner.
> I am just too leveraged to screw up the timing and be BK. So predictions
> like this do nothing for me. Give me a date or at least a year. Otherwise,
> its useless info.
>
> If "around the corner means this year", I disagree. But is around
> the corner 3-10 yrs, then seems plausible if things go bad. But how
> do I play that. 3-10 yrs is an eternity in the markets with this
> volitility.
>
> I will be broke before it ever happens if I listen to the doom-sayers
> who predict it every year.
>
>

Monetary Madness in a Single Chart: Hyperinflation's Just Around the Corner

Good history lesson.
An added point; this is also the time the gov't started charging income taxes (1913). Anybody see a corelation here?
Another question:
Should we be raising taxes now?



On Jun 12 05:47 PM austrian63 wrote:

> Not to dminish Laffer's points but he didn't see this coming in 2005
> and 2006 when he said the U.S. economy was stronger than it's ever
> been.
>
> We need to stop calling rising prices inflation. Inflation is growth
> (just like blowing up a balloon - a bubble) in the money supply.
> This growth causes a decrease in the Purchasing Power of Money (seekingalpha.com/symbo...).
> Laffer states in his article the Fed signaled a 180 shift from an
> anti-inflation position to an anti-deflation position. The Fed has
> NEVER been anti-inflation and has ALWAYS been anti-deflation. Unless
> you know of any one else besides the Fed who can create money either
> by printing new paper slips (Federal Reserve Notes) or increasing
> member bank reserves (expansion of bank credit) only the Fed can
> create inflation.
>
> Why do we continue to discuss the Fed as if it is sometimes "hawkish"
> on inflation. The purpose of the Fed is to be the "lender of last
> resort" and to inflate the money supply. Here's a quick peice of
> trivia: since 1913 the U.S. dollar has lost approximately 96% of
> its purchasing power under the watchful eye of the ever hawkish Federal
> Reserve Bank whose initial mission was, get this, price stabilization.
> In the 93 years prior to the birth of the Federal Reserve Bank (1820-1913),
> a terrible time for sure since there was no Central Bank run by geniuses
> whose very words were worshipped by the chattering classes, what
> cost $1.00 in 1820 cost $0.63 in 1913 due to increased productivity
> and the growth of goods and services in the market place competing
> for dollars. This was a time when money still had both of its original
> purposes (1) a meduim of exchange and (2) a store of value. It is
> no longer a store of value thanks to our wise rulers in Washington
> D.C. But I digress.
>
> Laffer's predictions are most likely true which proves one can actually
> be right, some times, even for the wrong reasons. Currency devaluation
> is a better description of what lies ahead and it will entail both
> rising prices and rising interest rates. It will be very interesting.

Monetary Madness in a Single Chart: Hyperinflation's Just Around the Corner

I agree with you...... add that Americans will again work harder and smarter for less at the same time 2 billion Asians are working smarter and the hyper-inflation debate goes away.



On Jun 12 10:35 AM thiazole wrote:

> I agree that the deflation argument seems to be pretty weak right
> now, but I can't quite see hyperinflation either. The money supply
> has doubled according to your chart, so wouldn't that imply that
> the absolute most inflation we could have would be 100%? And what
> happens when the Fed start reeling the money supply back in? Now
> if the Fed doubled the money supply again next year and the year
> after that, then I could see hyperinflation.
>
> All that said, I will agree that serious inflation is certainly in
> our future. We will see 7-10% in typical years and could see single
> year spikes as high as 15% at the peak of inflation over the next
> 5-10 years. Severe, but not hyper.