Money.
Anyone want to hear my gasoline storage story ?
Ammo will be the future currency.
Didn't we have this conversation several years ago?
Money.
The socialist bankers and progressive poles will not allow this to happen while Obama is in office. It would show the failures of massive government control of the economy.
If it doesn’t will you cease and desist?
for moderate inflation within the us dollar realm, would not investing in stocks/mutual funds work? inflation would automatically inflate the stock/mf prices.
Claims[edit]
Regarding inflation statistics, Williams says that some of the biggest changes to the Consumer Price Index were made between 1997-1999 in an effort to reduce Social Security outlays, using controversial changes by Alan Greenspan that include “hedonic regression”, or the increased quality of goods.[2] Some other investors have echoed Williams’ views, most prominently Bill Gross, who reportedly called the US CPI an “haute con job”.[2] John S. Greenlees and Robert B. McClelland, staff economists at the US Bureau of Labor Statistics, wrote a paper to address CPI “misconceptions”, such as those of Williams.[3]
Regarding unemployment statistics, Williams points out that under President Lyndon B. Johnson, the U-3 unemployment rate series was created, which excludes people who stopped looking for work for more than a year ago as well as part-time workers who are seeking full-time employment. Although the old unemployment rate series’, which include part time workers looking for full time work and unemployed who stopped looking over a year ago, is still published monthly by BLS, the U-3 series is generally considered more meaningful and is the headline rate picked up by most media outlets.[4]
Regarding growth statistics, Williams reports that the official numbers for U.S. Gross Domestic Product (GDP) and jobs growth range from “deceptive”[5] to “rigged” and “manipulated”.
Critical reception[edit]
Shadowstats has been strongly criticized, particularly on its estimates of inflation. Market participants, economists and bloggers frequently point out that basic math shows that the Shadowstats CPI is an extreme overestimate. [6][7][8][3]
University of Maryland Professor Katharine Abraham, who previously headed the agency responsible for publishing official unemployment and inflation data, says of Williams’ claims, “The culture of the Bureau of Labor Statistics is so strong that it’s not going to happen.” Steve Landefeld, former director of the Bureau of Economic Analysis, the Commerce Department agency that prepares quarterly GDP reports, said in response to an article about Williams, “the bureau rigorously follows guidelines designed to ensure its work remains totally transparent and absolutely unbiased.” In the same article, UC San Diego economist Valerie Ramey, a member of the Federal Economic Statistics Advisory Committee, defended the methodological changes claiming they were only made “after academic economists did decades of research and said they should be done.”[9]
http://en.wikipedia.org/wiki/Shadowstats.com
Jan 23, 2009 John Williams of Shadow Stats contends that we are headed for INFLATION.
John Williams, Hyper-Inflation Coming in 2011
Hyperinflation in 1 Year...NEW John Williams Interview Oct 2012
Was John Williams Correct -- Will USD Hyperinflation Kick In in 2014?
It’s impossible to predict when and how our economy will finally reach a breaking point
No kidding. You've gotta be a moron to buy this guy's newsletter.
I recommend that Dave Ramsey approach - pay off all your debt aggressively. If there’s inflation, you have a lower overhead because you don’t have debt payments (and no debt that could ratchet up along with inflation.) If there is deflation and you’re debt free, you have a great buying opportunity. If you’re almost debt free with deflation, you have a lower risk of losing property because your wages are falling.
I wouldn’t put it past them to use this as a way to get out of debt.
I’m no economist, but it seems to me that even if the rest of the world decided they had no interest in our dollars, we could still trade them inside the US. We can produce all our own food and energy (or at least we can with Obama out of the picture). Sure, we might not be able to buy the latest iPad from China, but we certainly shouldn’t end up like Weimar Germany. I think it would be a setback, but not the end. Perhaps I’m missing something.
Preppers’ PING!!
Hat tip to blam for the heads up!
I’ve been hearing that for the last 45 years, from various writers. I keep wondering when it’s going to happen ...
It’s impossible to predict when and how our economy will finally reach a breaking point
It’s impossible to predict when and how our economy will finally reach a breaking point
It’s impossible to predict when and how our economy will finally reach a breaking point
There you stand, all spic and span.
Our grandkids and their kids will sit around their huts and caves at the weekly cooking fire talking about Grandpa’s “Good Old Days” when hot dogs and bacon were only $5 to $6 a pound, a pair of Levi’s was only $50 and a pretty nice car was less than $50,000 dollars.
Of course, by then they won’t even know what a hot dog, a car or a pair of Levi’s is or a dollar looks like.
Only those planning to implement the new world order know the day and the hour. Only God knows the day and the hour that He takes it back.