8/28/2009
Inflation 101
The “classic” definition of inflation (IMHO): “too much money chasing to few goods” is frankly nonsense! Inflation is ALWAYS a result of a government repudiating its debt, as the currency is devalued the loans are paid back with much “cheaper” money… everyone is hurt by this situation, including the offending government. They (the government) may think they are pulling a "fast one" on their citizens, but as confidence fades and economic chaos reigns, the nation becomes much less stable and much more subject to tyranny (by design?). As proof , I quote the father of deficit spending, John Maynard Keynes:
“The best way to destroy the capitalist system is to debauch the currency. By a continuing process of large deficits leading to inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.”
Last count $9,000,000,000,000 (that's trillion!) and counting!
“The best way to destroy the capitalist system is to debauch the currency. By a continuing process of large deficits leading to inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.”
Last count $9,000,000,000,000 (that's trillion!) and counting!
8/14/2009
Buy the Reality... Not the Promise!
Lemme see, help me with the “Gubmint math”... An increasingly imperial and arrogant congressional leadership, who after narrowly passing “Crap ‘n trade” which will lead to rationing energy and making it much more expensive… orders 5-8 luxury jets ($60M per) that burn more fuel in an hour than my SUV burns in a month so they can travel like royalty!
The only “Health Care” bill generally distributed was written by the most LEFTIE members of Congress (Waxman, Pelosi)… To make “free heathcare” available to ALL our great “leaders” are now proposing taxes on every aspect of American life from soda pop to the miles we drive to fund a “heath reform” they have NO INTENTION of living under themselves… Calling anyone, who even questions much less disagrees… Nazis and right wing mobs (and now racist)!
I now see I’m just a stupid American who needs to learn my “leaders” (rulers?) know best!!!!
As I have been SCREAMING from the rooftops! These aren’t “liberals” they are “Plantationists” as they plan to reside in the “Mansion on the Hill” and we serfs will dwell in the “mud huts” living a rationed subsistence… as there is just not enough prosperity to go around, and save the Earth too.
I can’t for life of me see why ANYBODY would be suspicious and upset.
The only “Health Care” bill generally distributed was written by the most LEFTIE members of Congress (Waxman, Pelosi)… To make “free heathcare” available to ALL our great “leaders” are now proposing taxes on every aspect of American life from soda pop to the miles we drive to fund a “heath reform” they have NO INTENTION of living under themselves… Calling anyone, who even questions much less disagrees… Nazis and right wing mobs (and now racist)!
I now see I’m just a stupid American who needs to learn my “leaders” (rulers?) know best!!!!
As I have been SCREAMING from the rooftops! These aren’t “liberals” they are “Plantationists” as they plan to reside in the “Mansion on the Hill” and we serfs will dwell in the “mud huts” living a rationed subsistence… as there is just not enough prosperity to go around, and save the Earth too.
I can’t for life of me see why ANYBODY would be suspicious and upset.
