Fed Reserve Officials: Americans Are Saving Too Much Money, We Need To Purposely Generate Inflation

The Economic Collapse ^ | 10/08/2010 | Economic Collapse

[WebFocus]

[TexasRepublic]

Inflation is the hidden tax that will eat up your savings. Hello, Zimbabwe. Deliberate inflation by the government is outright THEFT!!!

[ClearCase_guy]

My boat is leaking. Hand me that axe — I’m going to punch some holes in the bottom and let the water drain out.

[AngelesCrestHighway]

[tutstar]

bump

[WebFocus]

What is the punishment if captured?

[GeronL]

It worked so well for Zimbabwe

[melancholy]

This tells what the regime intends to do with people who’re buying tons of gold! Soros and their cronies will be waived, of course!

Eventually, it’ll be confiscated. Think Roosevelt!

[grania]

The reason people who have enough savings to make them comfortable but not rich in retirement aren't spending is the low interest rates. The trick is to stay out of those savings as long as possible.

Spending would go up right away if interest rate went to at least 4% for a long-term CD. Why? A real lot of financially responsible people would spend every penny of that interest. It's probably the best way to get money to people who would spend every penny of it, and that would stimulate the economy.

[I still care]

I have a family member that thinks Obama is god. He is a highly educated financial specialist.

He says we need to generate inflation, because deflation is the enemy. He’s also in massive personal debt.

I know this is coming. This is what irresponsible governments do when they’ve spent too much of the people’s money. So you penalize the people who have done it right.

For these types, there is no virtue in living frugally or being responsible. It’s all a game to them. People who live an old fashioned traditional life are just patsies.

[melancholy]

What is the punishment if captured?

C'mon, you want FReepers banned and/or arrested? LOL!

[PGR88]

The Fed is the main pillar of Progressive Gov’t. Without it, there is no way to finance bailouts, $1.3 Trillion deficits, Gov’t takeovers and massive, long-term entitlements.

[AngelesCrestHighway]

[fruser1]

Maybe we can all help out by making a run on the banks.

That way they won’t see any of that money sitting there.

[Leftism is Mentally Deranged]

Inflation is easily confused with rising prosperity.
As inflation forges ahead, all prices rise. The media, being fundamentally ignorant, see the rising Dow and crow that the economy is improving.

Inflation is the marxist’s best friend. It reduces the value of savings and investments to essentially zero, thus making all equally poor and dependent on the government. No one has ever thought of a better way to make everyone “equal” (except for the liberal elite which votes itself higher salaries and pensions to keep up with rising inflation)

[LibLieSlayer]

FUfed... FUbo... FUdims.

LLS

[Leftism is Mentally Deranged]

The feds have a clue. They know exactly what they are doing. Inflation destroys the savings that you worked all your life to make. That is their intention.

[dfwgator]

So now we’ve gone from “There’s too much consoooomin’ goin’ on out there.” to “There’s too much saaaavin’ goin’ on out there.”

[Centurion2000]

Gold/Silver/Commodities bitchez!! ;-)

[LibLieSlayer]

When (eventually) your family member is starving and you have just enough to eat... let them starve... tell them to eat their inflation. Remind them what inflation brought to Germany in the 30’s. Sig hussein!

LLS