I think the markets are going down another 10-20% in the next two weeks, Ben "I'm Evil" Bernanke will announce Quantitative Easing 3, and then the markets will go, up, up, up to.....
Hyperinflation.
Posted by Blayne Bradley (Member # 8565) on :
How can they? Congress would absolutely refuse.
Posted by Danlo the Wild (Member # 5378) on :
Congress can't refuse the Federal Reserve.
Congress can't even audit the Federal Reserve.
Posted by Blayne Bradley (Member # 8565) on :
Congress has the constitutional authority over the power of the exchequer, all it needs to do is pass a law.
Posted by King of Men (Member # 6684) on :
Well, you are in principle correct, but then you have to remember that the Congress these people have right now can't agree to fund stuff they already agreed to fund. Making fundamental changes in the jerry-rigged, just-kinda-growed constitutional structure is, I suspect, a bit ambitious for them. Drawing some nice flowcharts in crayon may be more their speed.
Posted by Blayne Bradley (Member # 8565) on :
these videos http://www.youtube.com/watch?v=XnXZzx9pAmQ while might exceed their attention span should be simple enough even for them.
Posted by Danlo the Wild (Member # 5378) on :
so it looks like the Federal Reserve will announce Q3 this Friday. Or maybe hint about it now, then do it in two weeks, but the markets seem to be pricing it in early, so the insiders seem confident in Ben Bernanke's inability to take his finger off the PRINT button.
So our debt is 14.5 trillion + the 3 trillion in new debt ceiling +the federal reserves +4.2 trillion debt +the treasury debt +3 trillion
That puts us into the 27 trillion range.
So Hyper Inflation looks like a sure thing.
Ben Bernanke would never, ever let deflation happen. printing is too addictive
Posted by Danlo the Wild (Member # 5378) on :
I don't see Congress or the President even mentioning QE3.
even though it looks like a sure thing....
Anyone who thinks our government has ANY power over the Fed is a fool. (no offense)
Posted by Lyrhawn (Member # 7039) on :
The Federal Reserve is audited every year.
The Federal Reserve publishes their books for the public to see.
Perhaps there's a lot to complain about with the Reserve, but transparency doesn't appear to be one of those things.
Furthermore, you've been crying about inflation for years, and it still hasn't happened. If I start complaining, right now, about something that's likely to happen in my lifetime anyway, do I get to crow about it when it finally does?
Posted by Danlo the Wild (Member # 5378) on :
"Furthermore, you've been crying about inflation for years, and it still hasn't happened."
what planet u live on bro?
Posted by Lyrhawn (Member # 7039) on :
Alright, the soul-crushing hyperinflation you've been predicting hasn't happened.
I don't pretend that economics is my ken, but hyperinflation is way up there, like 50% or 100%. We're at the lowest inflation rate right now since the 1980s, and even then, 10-12% was as high as it got. Even if you count that number as hyperinflation, as recently as 2009, we went through a sustained period of DEFLATION. Last year rates hovered between 1-2% all year.
And you've been carping about this for as long as I can remember.
Posted by steven (Member # 8099) on :
quote:Originally posted by Danlo the Wild: "Furthermore, you've been crying about inflation for years, and it still hasn't happened."
what planet u live on bro?
Thor, I like you, you're generally a nice guy. However, I think you're pretty soundly beaten on this issue. I do think several people here give you too much crap, but right now, you're being the Ron Lambert of inflation.