America's Currency Crisis Is Now Underway

National Inflation Association ^ | 10-14-2010 | NIA

[Tublecane]

“The value of the home goes up. But who do you sell it to?”

Um...China?

[RobRoy]

>>And the phrase “significantly lower standard of living” may be somewhat euphemistic.<<

Ya think?! ;)

[Alberta's Child]

That’s a good point. But it doesn’t necessarily have to happen that way. Maybe they just sell the home and use the assets to help support themselves in retirement (since Social Security is going to be severely cut back under this “high inflation” scenario as cost-of-living increases won’t keep up with inflation).

[nascarnation]

I did a refi below 5% fixed for 30 yrs, pulled out all the equity I could (my unpaid loan balance wasn’t very big).

I hope to pay it back with Baraqqi minibucks.

[Alberta's Child]

Right. Part II of the plan is amnesty for tens of millions of illegal aliens.
<p.
Do you think it’s just a coincidence that this whole real estate market began to collapse not long after the Federal amnesty bill was defeated back in 2007?

[Alberta's Child]

See #25.

With every passing year, the odds that the buyer of your home is going to be a Spanish-speaking immigrant -- or an immigrant from Africa or Asia -- are only going to increase.

[swarthyguy]

lol.

My tooth hurts, can you punch my cheek to make the pain go away.

[GOPJ]

Funny thing about inflation: when it gets bad people tend to call it “runaway inflation”; in other words, uncontrollable inflation. No one knows when or how (except in the most general manner), exactly, this happens. But at some point, people realize their money is soon going to be worthless, and in a desperate attempt to spend it before its value disappears they cause prices to multiply themselves many times more and in shorter a period of time than sanity can handle.

Tempting that danger by freaking people into spending only so much, but not too much, is foolhardy. Because you’ll never know exactly how panicked they’ll get, nor how much panicked spending is safe anyway.

I'm not sure what options we have - we owe more money than exists in the world... the only way out is to inflate while we still can - (and I don't like this any more than you do...) - if we lose world reserve currency status - we'd be in a spot where we couldn't inflate our way out of this mess. In short, as a country - we'd be poor. Maybe forever. God willing, after the mess, we'll be able to stabilize. I don't know if it's happening yet - or will happen next year - but I don't see alternatives... do you?

[GOPJ]

With China and Japan getting ready to pull the plug on the U.S. dollar, future U.S. deficit spending will have to be paid for by outright money printing. The price inflation that is ahead as a result of monetary inflation is the absolute worst thing that can happen to middle class Americans. Obama's inflation won't hurt the wealthy as much because the wealthy, if they become educated and act quick enough, can still preserve the purchasing power of their wealth by buying gold and silver.

Great, just great. Next time someone wants to vote for a dem, remind them of this ...

[blam]

A Plunge Into A Monetary No Man’s Land

[GOPJ]

Thanks for the link...interesting stuff.

[Tublecane]

“the only way out is to inflate while we still can”

But that isn’t a way out. Never has been, anyway. Can’t see as how it ever would be. It’s never worked anywhere it’s been tried in the history of the world.

[GOPJ]

This is a link from Blam:

http://www.freerepublic.com/focus/f-news/2607722/posts

[blam]

Rampant Inflation In 2011? The Monetary Base Is Exploding, Commodity Prices Are Skyrocketing And The Fed Wants To Print Lots More Money

[mo]

The “deficit” in America is one primarily of Constitutional fidelity. Adherence to the Rule of Law -as opposed to the whim of men which historically characterizes almost ALL other countries is what has historically distinguished America from others-and is what distinguished the value of the dollar.

Re-establishment of Constitutional Law is all that is needed to change the direction of the US dollar literally overnight.

Unfortunately, the process of achieving that would force prosecution of most of the rascals currently intimately involved with it. That such rogues have become so closely intertwined with the dollar, and hence our and our family’s fates, is the carelessness of We the People with our birthright. For failure of confronting the unpleasantness of preventing, or ejecting them from their seats of power, We now have the unpleasantness of dealing with the consequences of their venal stupidity.