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Obama's Inflation Is At Hand And Will Be Many Times Worse Than The Carter Era.

Posted on 09/16/2010 2:44:01 PM PDT by Armaggedon

Obama has danced away trillions of dollars to the tune of wealth redistribution. Now we must pay the piper. When Carter played this game he brought double digit inflation upon America along with 20% loan rates. America had to pay the interest on its debt at these higher rates. That set up a loop that almost destroyed the USA economy. Regan turned that disaster around. The Obama disaster will dwarf Carter's debacle. As interest rates payed upon the trillions we owe rises, we fall. Inflation will explode to the sound of trillions of dollars being printed by the Federal Reserve. There will not be enough money in the entire Gross Domestic Product to pay that interest let alone anyone with enough left to tax.

Obama has spent trillions more than any president before him and when interest rates skyrocket because of inflation, the bill will hit and bust the American treasury. Gold is making new highs every day now. At one point there wil be the perception that it can only go up and prices will explode. Gold could rise hundreds of dollars a day when a fear and greed panic hits and Obama, who set this up will not be able to stop it.

Obama a true Marxist will blame the rich and try to use his own self made crisis to grab even more power against those whom he will blame for the disaster. As for the people, they will suffer. Obama will impose rationing and severe government control. Obama has shoved the progressive agenda down America's throat and we are about to throw up.

If enough people wake up now for the November election and there are not too many irregularities and corrupt progressive election schemes, there may be some hope. However, we will still have all Obama's programs and his veto power. The change that works cannot be just political. There has to be a rebirth of the American spirit We must re-dedicate one Nation under God with true values, honor and purpose. Then we can overcome the great challanges that we face. We need a divine compass set on God or we will fall into the pit Obama and his progressives have dug for us.

Much is being hidden from the American people before the election. The other shoe will fall soon after. A few months and scarcity along with inflation shall be upon us. Are we centetered under God, so we handle whatever comes? Trust in God and the people that awaken in the United States of America. We need a light unto the nations, not an Obama nation of desolation.


TOPICS: Government
KEYWORDS: bho44; bhofascism; bhotyranny; communism; democratcongress; democrats; economy; elections; fail; hopeychangey; inflation; liberalprogressivism; obama; obamadepression; progressives; redistribution; socialism

1 posted on 09/16/2010 2:44:02 PM PDT by Armaggedon
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To: Armaggedon
The best way to explain Obama's economics is to think of the government taking out a credit card for each American and spending $40,000 per year per person.

You have no right to spend the money that has been borrowed in your name, and you can not direct its course.

In some quarters, it is called 'identity theft.'

If you have a family of four, Obama has borrowed $120,000 per year on your family.

All of which your family will be responsible for.

It is as if you and every member of your family have decided to go back to college at a very high-priced private college, for the rest of your life.

And, you and your family will not have a degree to show for it, nor will you be able to pay back ANY of the loans.


2 posted on 09/16/2010 3:01:12 PM PDT by Slyfox
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To: Armaggedon

“A few months and scarcity along with inflation shall be upon us.”

I don’t think so. I believe we are years away from problematic inflation, and won’t see hyperinflation. We have overcapacity in almost all areas of production.

However I have prepared for all possibilities except asteroid collision, while leaning toward preparation for more deflation. I think there will be plenty of time to prepare for inflation before it becomes an issue.

Good luck with your preparations and investing.


3 posted on 09/16/2010 3:02:35 PM PDT by SaxxonWoods (Gone Galt and loving it)
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To: SaxxonWoods
When we cannot pay for our imports, inflation will strike. Who is going to sell us real products for imaginary money? If Obama has his way we will not produce oil or coal. Obama’s hostility to this industry alone will bring inflation. Does anyone believe we can substitute windmills for our energy needs?

So much politics and so little wisdom. We cannot get something for nothing. That is where Obama has put us. He is trying to make bread out of stones. Obama is failing and we will have to deal with the crisis. This is the most challenging time our Nation has ever faced. It is time to look up.

4 posted on 09/16/2010 3:26:52 PM PDT by Armaggedon
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To: Armaggedon
"America had to pay the interest on its debt at these higher rates. That set up
a loop that almost destroyed the USA economy. Regan turned that disaster around."

Free Image Hosting at www.ImageShack.us
It's an easy mistake to make, but when we're talking about our most beloved
40th President of the United States, we owe him the respect he deserves by
spelling his name right.

Happy to help. Great thread.
5 posted on 09/16/2010 4:02:35 PM PDT by mkjessup (0bama is a traitor. And he squats to pee too.)
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To: mkjessup

It’s amazing how many times here I’ve seen Reagan spelled Regan.


6 posted on 09/16/2010 4:03:15 PM PDT by dfwgator (Rangers Magic Number - 8)
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To: mkjessup

You are correct. He was a powerful Father figure and a tough guy. Everybody on the left said he would not keep up in Iceland and they were made out as fools. The same fools make the same claims today. It is a sickness only God can cure.


7 posted on 09/16/2010 4:12:15 PM PDT by eyedigress ((Old storm chaser from the west)?)
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To: Armaggedon

If you don’t believe this post, you’ve been making your spouse do the shopping. There is no question we are duplicating the mistakes of the Carter era. Watch it expand geometrically after November if the vote doesn’t go right. Obama, Reid, and Pelosi could very well take us into soup lines. Did you watch the news tonight? Yo Rush, get on this!


8 posted on 09/16/2010 4:42:20 PM PDT by maxwellsmart_agent
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To: maxwellsmart_agent
Prices are going up. The number crunchers have ways to hide the truth for an economic report bite. Walk into a market and check out what you are being asked to pay for food. When the election is over the mask will drop. Obama is the commander in chief. Do you realy think his servants have your interests at heart?
9 posted on 09/16/2010 5:29:28 PM PDT by Armaggedon
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To: Armaggedon

http://blogs.barrons.com/stockstowatchtoday/2010/08/30/equity-futures-drop-despite-consumer-spending-rise/

“Personal consumption expenditures rose 0.4%, month over month which was slightly ahead of the consensus estimate. Stripping out price increases, however, “real” personal expenditures were up just 0.2%.”

IE: price increases accounted for half the rise in “Personal consumption expenditures” in July.


10 posted on 09/16/2010 5:38:35 PM PDT by mrsmith
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To: mkjessup
Thank you friend. I have trouble typing. If the spell check does not catch my typo I often miss it. Reagan honored God and Country. He was and is a great blessing. Others must now pick up the torch. It takes love and service in God. Self centered human nature leads to Obama. Time for real change. We need the divine providence of one nation under God. That does not mean an Obama cult religion of hate, lies and death, masquerading as God. Only Love, truth and life lead to the Father.
11 posted on 09/16/2010 5:40:42 PM PDT by Armaggedon
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To: Armaggedon

You are certainly right about Obama’s policies, FRiend. There is a deflation camp and an inflation camp formed as a result of not just his policies, but the policies of the last 50 years. Sounds like you already understand all that.

So we will see, inflation sooner, or later? I think it’s going to be later after some years of stagnation and I don’t expect hyperinflation even then.

FReegards,


12 posted on 09/16/2010 7:49:04 PM PDT by SaxxonWoods (Gone Galt and loving it)
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To: SaxxonWoods
We will not see a slow transition to inflation. The world economy is connected. A collapse in confidence of the dollar can do that overnight. No one will send us products for worthless paper. Obama is hollowing out America.

On the other hand the true treasure of America is her spiritual foundation. It is a tale of two kingdoms. We serve Baal or God? Obama or our LORD God? I trust millions are waking up. It is ok to love and serve A God of love and truth and life. That is the kingdom of heaven on earth. The Obama nation will blow away in the wind.

13 posted on 09/16/2010 8:09:00 PM PDT by Armaggedon
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To: SaxxonWoods

“I believe we are years away from problematic inflation, and won’t see hyperinflation.”

We have a curious mix of inflation and deflation. At the grocery store I’ve observed price increases in a number of product categories, executed by decreasing the contents of a package. For example a 16 ounce jar of spaghetti sauce now containing only 14 ounces. A 12 ounce box of crackers now containing 10 ounces. A half gallon container of Ice cream has 28 ounces. Check jars and boxes carefully and you will see price increases through declines in content.

On the flip side, prices of LCD TV’s are dropping rapidly. I’ve been price comparing over the past few weeks. The week after Labor Day a particular item I’ve been following dropped $500 at Best Buy and has stayed at what was a promotional price the first week. Ford has cash back deals on its new 2011 trucks. Hotels continue to have compelling special offers.

In my own business, raw materials are under considerable upward pricing pressure. Increases of 6 to 8% are not uncommon after a decade of flat or declining prices. Some of my competitors have executed price increases and I’m considering matching them.

Still no pressure on wages, in fact with high unemployment people are willing to take less, even people who are currently employed but looking to escape a bad environment.


14 posted on 09/16/2010 8:10:05 PM PDT by Soul of the South (When times are tough the tough get going.)
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To: Southack

Ping.


15 posted on 09/16/2010 8:13:49 PM PDT by denydenydeny ("Tolerance becomes a crime when applied to evil." Thomas Mann)
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To: Armaggedon
Hopefully, God will raise up a few good men and women in the congress who will subpoena Obama’s birth and citizenship records.
16 posted on 09/16/2010 8:20:14 PM PDT by wintertime (Good ideas win! Why? Because people are not stupid.)
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To: Armaggedon; denydenydeny

Utter nonsense.

Japan has far more debt, has been spending far more than the U.S., and is in far worse shape (declining population) than the U.S.

...yet Japan has had deflation for 21 straight years.

And that’s what we’ve got here in the U.S. with lower housing prices now than 2006, lower stock prices now than 2008, and lower oil today compared to 2008.

Deflation.

Debt is deflationary.


17 posted on 09/16/2010 8:22:08 PM PDT by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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To: Southack

If there’s no inflation then why would half of the increase in July personal consumption expenditures (my post above) be the result of price increases?
That really bothers me, perhaps I misunderstand something.


18 posted on 09/16/2010 8:31:43 PM PDT by mrsmith
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To: mrsmith

Call me when you have a specific date that home-prices and salaries will begin hyper-inflating.

Until then, yes, you’ve missed something.


19 posted on 09/16/2010 8:35:53 PM PDT by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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To: Southack

Interesting reply, thanks I’ll keep an eye out for Aug. numbers.


20 posted on 09/16/2010 8:46:15 PM PDT by mrsmith
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To: Slyfox; Armaggedon
The best way to explain Obama's economics is to think WWSD?

Satan would make people so miserable and destitute that they would sell their souls to him for an empty promise relief. A real win-win for the dark side. Obama is Satan's community organizer, and Pelosi is his Madam.

21 posted on 09/16/2010 9:49:38 PM PDT by Ezekiel (The Obama-nation began with the Inauguration of Desolation.)
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To: Armaggedon
Thank you friend. I have trouble typing. If the spell check does not catch my typo I often miss it. Reagan honored God and Country. He was and is a great blessing. Others must now pick up the torch. It takes love and service in God. Self centered human nature leads to Obama. Time for real change. We need the divine providence of one nation under God. That does not mean an Obama cult religion of hate, lies and death, masquerading as God. Only Love, truth and life lead to the Father.

Those are wise words FRiend, and to that I say:

**** BUMP!!!! ****

Have a blessed day.
22 posted on 09/17/2010 12:59:39 AM PDT by mkjessup (0bama is a traitor. And he squats to pee too.)
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To: Southack

Interesting replies...

Inflation is described as ‘too much money chasing too few goods’, which is not the problem that we face in the current deflation-debt spiral.

Hyper-inflation, however, is the rejection of the currency, an all-too-real possibility.


23 posted on 09/17/2010 7:55:03 AM PDT by IncPen (Educating Barack Obama has been the most expensive project in human history.)
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To: Soul of the South

Good post. Yes, some items are always inflating while others deflate. Food is inflating, most other commodities are deflating. Your comment on raw materials is interesting as it could indicate higher demand for those materials, which might indicate increased economic activity. Gold doesn’t matter in this equation as its’ market is tiny and not related to fundamentals of the actual economy. Other hard metals are more useful in that regard.

Since 80% of the country’s wealth is held in real estate, the deflation of real estate values overcomes any increases in the other 20% of our wealth holdings. Stocks are still deflated from their highs also. Retail pricing is dead in the water. Energy prices are in a tight range, and have deflated from 2 years ago.

This means there is a rather small portion of the economy left over to inflate. So overall we are in deflation and until demand increases rather dramatically across the board it’s hard to see inflation being a problem.

Keep an eye on those raw materials prices, and please post again on what you see happening with those.

Thanks.


24 posted on 09/17/2010 9:44:53 AM PDT by SaxxonWoods (Gone Galt and loving it)
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