[blam]

"There is no amount of politically acceptable increase in tax revenue or austerity measures that can meet existing and future obligations. Printing money is the only viable solution."

BINGO!

There is no peaceful way back from here.

[autumnraine]

The cost of food is killing our budget.

[blam]

Ping.

[blam]

The Real U.S. Inflation Rate And What To Do About It

[Robert DeLong]

I think the real catalyst will be replacing the American Greenback as the World's Reserve Currency with percious metals. We see central banks in many countries buying lots of gold and other precious metals.

Since gold is too high for many citizens, silver is more affordable and people should start hoarding some of it.

[al baby]

I could post how I save on gasoline but it got me a visit from all the alphabet agencies

[Psalm 73]

“There is no peaceful way back from here.”

Inflation spiraling out of control will bring on massive civil unrest - it won’t be peacefull, or pretty.

Everytime we shop we need to buy two or three of each item - rather a slightly higher-than-necessary shopping bill now than an out of touch “normal” bill later.

We can look at the state of ammo right now and extrapolate that to every other product.

[Jet Jaguar]

Goldbug ping.

[bert]

In my view, we are in a gold price hiatus, a plateau if you will.

My beliefs are largely based on the historical events similar to those now. The king (government) is in debt. The amount owed is huge.

I think of those boys, those princes, who were raised to be king. At some point in their studies, they took the course “Currency Devaluation 101”. The course of study involved several strategies to screw creditors by paying them in money that was less valuable than that which was borrowed. Early on, it was taught at their father’s knee, but has been taught to all for ages. All rulers learned the skill of devaluation.

I think most all of those who presently govern, both sides of the aisle, European, Japanese, Chinese, know the cure for the debt is devaluation. Today rather than make coins smaller or add some base metal to them, they print money. The result is the same.

Today, there is international collusion to maintain a reasonably static relative value between the main curreicies while all are being devalued simultaneously.

[Travis McGee]

I hear the tramping sound of goose-stepping brownshirt HSI/SRT stormtroopers in our future.

[Jack Hammer]

Obama’s discovered that he can just run up huge debts and pay them off with wheelbarrows full of money cranked out like toilet paper.

Americans on the Left seem to be buying this “solution,” even though they scratch their heads and wonder why prices keep going up and up.

Pretty soon, we’ll need a wheelbarrow just to haul the cash for a bag of groceries, and the same Idiots will still be scratching their heads and wondering why.

And the press will still be saying, “It’s Bush’s fault.”

It’s a form of national idiocy which the Democrats are exploiting to stay in power, and to h*ll with America.