Posted on 03/05/2009 6:17:40 PM PST by Free ThinkerNY
Inflation is going to skyrocket.
In fact it is unavoidable.
And unless Obambi starts making the RIGHT choices and stop this insane spending spree, youll be able to use the dollar as toilet paper very soon because that will be about all it will be worth.
It wasn’t ever money in the first place!
Like where did all the money from the housing market go? All these people losing, where did the money go?
It never existed!!!
It was the government’s plan to provide minority housing without having to foot the bill. They scammed their way out of paying for it for the past decade or so (since Clinton era’s reconfiguration of CRA), by securitizing the debt and passing the losses off to unsuspecting investors, and now everything has come crashing down.
Only kooks and crazies worry about money and inflation. It’s not sexy, like war, at all.
“And unless Obambi starts making the RIGHT choices and stop this insane spending spree, youll be able to use the dollar as toilet paper very soon because that will be about all it will be worth.”
looking out 5 years, and assuming no catastrophic scenarios, devaluation of the dollar is my single biggest concern.
I wonder what factors would prevent a rise in gold under that scenario. Excessive central bank selling?
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