lilimarlene1

China Stockpiles TIPS, Anticipates Commodities Bubble

Great post. Thank you. Bush will look like a genius when this all plays out. I was having dinner with three delightful, liberal Jewish men the other night. New Yorkers. I am huge fans of their's but am flummoxed by their disdain for the right, their still obsessive despising of Bush. Their clain the war was: a. for oil, b. for revenge for Bush 41, c. nation building. I, a conservative republican woman, held my tongue, but was amazed when they started ranting at the tax rate the Joker has or will fix them with. They don't like this guy anymore. At all. And they were extreme members of his base and big funders. Interestings times.


On Aug 07 10:40 AM Reardon Steel wrote:

> Looking out over the 5-10 year time horizon based on the current
> projections of US national debt exceeding 2 trillion dollars by years
> end while COTUS & POTUS working OT to add another couple trillion
> worth of unfunded liabilities in the coming months some things begin
> to appear inevitable. The estimates vary wildly but the projected
> national deficit figures thru 2018 range between 8-20 trillion dollars
> depending on whose crunching the numbers so generally one would be
> safe to assume that somewhere in the midrange is most likely more
> accurate. Throwing out the old axiom that figures can't lie but
> liars can figure that applies to the forecasters projecting the low
> end 8 trillion and the high end 20 trillion as tainted by political
> partisanship and acting as though the 8 trillion dollar figure is
> the bald face lie pumped out by the Whitehouse provides little solace.
> Having turned a blind eye to the outright lie that is the Whitehouse's
> absurd estimate of debt and ignoring the factual evidence to the
> contrary of an 8 trillion dollar deficit based on fictions and fraud
> that would have made Bernard Maddof blush, let us go further still.
> Let's pretend that the 8 trillion was a good faith estimate from
> an administration who gave a damn about the wreckage of the country
> left in the wake of it's reckless and irresponsible leadership so
> that the 8 trillion was based on worst case scenario estimates.
> Supposing then that the worst case scenario does not transpire we
> can safely reduce that estimate a hefty 25% to a mere 6 trillion
> dollar national debt by 2018. Finally let's take the economic buffoonery,
> ignorance, and outright stupidity that is masquerading as an economic
> policy for the current administration and encouraging the most rabid
> of lunatics in Congress to pile on even more economic fertilizer
> one heap after another and treat it as if sound minded adults had
> put a real economic plan in place. Rather than "Economists" like
> Paul Krugman with oatmeal dripping down thier chin's as they slapped
> together a collage of pork, waste and fraud, with thier helmets safely
> buckled in place, before dumping thier economic offal upon the country
> we'll pretend real economists where behind this plan. Let's also
> say that they dreamt up the most brilliant economic policy in ages
> and once in place our economy saw immediate robust growth of 4% per
> year for the next decade. Even given all of these concessions to
> the detriment of logic, rational thinking and sanity itself to create
> the greatest economic boom in history to try and offset the problematic
> trillions and trillions in debt that have been run up over the last
> 8 months there still exists a fatal flaw. That being the still total
> impossibility of managing such a bankrupting debt load without printing
> up several trillion dollars hot of the press to clear it up. The
> thing about dumping 3 or four or even 5 trillion extra dollars into
> the economy in this manner is that it has inflationary implications
> of the hyper species last seen working it's magic in the Weimar Republic
> in the early 20th century to less than stellar results. To boil
> it down the value of thier currency the Papiermark went from 4.2
> per US dollar at the outbreak of WWI to a more numerous 1 million
> Papiermarks needed to equal 1 US dollar by August of 1923 which is
> known as hyperinflation. In other words the Chinese had better hoard
> every commodity they can get thier hands on because even the wiliest
> of poker players stand no chance to win when the stakes thier playing
> for aren't worth a roll of outhouse wallpaper at the end of the game.
> I have never wanted to be more wrong about something than I have
> what I see as an almost unavoidable hyperinflationary cataclysm in
> America's distant future if the insanity and profligate spending
> of trillions of dollars we do not have and have no way of paying
> for is not brought to a crashing halt and the process reversed very
> soon. After 8 years of watching with disgust as President Bush ran
> up a 1 trillion dollar deficit I never could have imagined President
> Obama could be such an incomprehensible jackass as to have done in
> 8 months what Bush took eight years to do. Staring down the line
> of zeroes behind the 2 in trillion has made me realize that there
> are jackasses like Bush and then there are messianic jackasses like
> Obama with celestial abilities bringing incompetence, idiocy, reckless
> indifference and stupidity from another galaxy the likes of which
> the earth has never before known. I never would have believed I
> would find myself missing President Bush let alone President Clinton
> but I sure do miss them now. Cheers.