Skip to comments.Dick Morris: Coming next year: Obama's inflation
Posted on 03/04/2009 1:25:30 PM PST by 2ndDivisionVet
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This one scares me more than any of the other big problems caused by “hope and change”
Predicting hyperinflation — That’s not too hard ... The money supply has been pumped up by near 80%.
We have been without significant inflation for so long, people don’t know any better. It will be a rude awakening.
Me too. Morris has been speaking on this for a while. $1.9 trillion deficit in 2009. We can’t get away with that I’m afraid.
People under 40 don't, older ones do or should.
Yeah, the broken clock routine. He is long overdue for one correct prediction and I think this is it.
“We have been without significant inflation for so long, people dont know any better. It will be a rude awakening.”
I was too young to funny understand what was happening in the late 70’s to early 80’s, but I remember the layoffs, gas lines, and uncertainty of that time. I also remember when Reagon came along and helped bring back confidence and pride as a nation...we need another Reagon, not Carter II.
Morris has no idea how much the money supply has expanded or contracted in the U.S. over the last five months. Very few people do.
The problem is that the Federal Reserve stopped providing a full accounting of our nation's money supply a few years ago (I believe it was 2005 or 2006) when it stopped reporting the M3 figure. It was no coincidence that the period of time since then has seen plenty of inflationary evidence in places where one would expect to find it at its root -- mainly in commodity prices (remember $145+ oil in the summer of 2008?).
I suspect that much of the alleged increase in our money supply over the last five months is really just a matter of the U.S. government "legitimizing" prior (hidden) inflation by adding money to the M1 and M2 figures that would have been included in the M3 figure previously. This is why long-term U.S. Treasury rates were at or near historic LOWS even as many economists were echoing Morris' predictions about rampant inflation.
Invest in “post America” currency-
Time to buy stock in wheel barrel manufacturers.
“...The point of this gloom and doom is that all this pain is entirely preventable...”
And this is the thing the average idiot has NO CLUE about!!!
HE IS DOING THIS ON PURPOSE...IT’S HIS AGENDA!
This sentence presupposes that 0bama gives a shit.
He puts ideology first and the economy a distant second.
Then Morris presents this tidbit that proves he knows that 0bama gives less than a shit. 0bama and his minions need to be stopped, somehow, before they ruin this country.
Buy Silver, it’s the only commodity on the market that is still cheap enough to actually make some money. Gold is way too high and your margins to small.
Meltzer has said the coming inflation will make the late 70’s early 80’s look like a picnic. Thanks R’s and D’s.
>> This one scares me more than any of the other big problems caused by hope and change
It sure keeps me awake nights.
Cash is a doomed investment. That much is easy enough to understand.
What to do with it?
Will the onset of inflation be sudden, or will there be a ramp?
Will there be a separate, delayed bottom in other asset classes, like real estate?
Will the signs be clear? Will I miss them?
Will I jump prematurely at a *false* sign?
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