Originally posted by eldard
I don't think there's going to be an inflation just yet. Why would they want the trillions and trillions of $$$ they just stole to become useless?

But that's just my opinion.

This the problem; experimenting with printing a ton of useless cash. If history repeats itself it will fail. Congress and the Senate were never intended to play bankers.

I found it appalling that Congress asked any banker who lent money to raise his hand.

Inflation has already hit.

the fed printing trillions of dollars with nothing backing it up.

Gold prices rising dollar falling, government credit rating tarnishing.

Wall street resembles nothing of main street.

Talk about living a lie. My guess the market is going to crash. Right now the market is like a roulette wheel in Vegas right now. Just a mater of time. America's greatest exports are going bankrupt. That is going to be a trickle effect beyond anyone's capacity of understand right now, heck the Depression may look like a recession after 2010. Not letting the market be free, is how this happens and since we never fixed the depression in the thirty's we never learned how to fix it. Each time I go to the market bread and milk go up at least a nickel or a dime. When the metal in a penny or dime can be melted down and sold for more then its worth, thats when you know its bad.

[edit on 22-5-2009 by Adrifter]

Originally posted by wonderworld
This the problem; experimenting with printing a ton of useless cash. If history repeats itself it will fail.

It has not. It will only be a problem if the cash trickles into society. It's now locked in private vaults. Possibly in other countries.

hyperinflation CAN'T occur till debt is RESTRUCTURED

everyone is in TOO much debt................banks don't have enough credit worthy borrowers to lend to..........there is too much debt it needs to be re-structured.............

also banks are barely solvent themselves .....they set aside tons of money for future writedowns on loans............Housing, Finance, Commericial real estate all need debt restructuring .........there will be no hyperinflation or even moderate inflation until that happens (i.e increase in money supply and doubling and tripling of prices on EVerything....not just gas due to speculators pilling into a weak dollar).....

Two things.......understand the difference in "money supply" between Electronic Credit being created (like bernanke is doing) and Paper dollars.................Paper dollars are not being hyperinflated....read that again....paper dollars are not being hyperinflated.....paper dollars are not being dropped from a helicotoper driven by ben..................Electronic dollars are being created rapidly out of thin air (they are trying to keep pace with the amount of electronic wealth evaporating) and even when they can out pace this....the electronic money is NOT GETTING INTO THE ECONOMY...it is sitting at the reserves of the fed.........Electronic Credit outweights Paper money by 25 to 1 approx.!!!!

People who are pushing gold ......pushing anti dollar......pushing inflation..........are playing on the misconeptions of nearly everyone in order to make themselves more wealthy or appear more accurate........

The way to restructure debt is to either (and this is what needs to be done....like in every DEPRESSION) is to either write down the LEVEL of debt and make it more serviceable for the level of income (wage earners) or increase income to make the debt more serviceable.....and anyone can tell you in this age of higher unemployment and corporations searching for lowest cost labor ....this is not going to be some gradual wage increase............so either there are a ton of bankruptcy's and tons of pain for the current privelaged class........or there is a CO-Ordinated Currency devaluation............where you wake up and hear that 1 old dollar now equals 2 new dollars...........or amero dollars IMO

[edit on 24-5-2009 by cpdaman]

I am finding this conversation very intriguing, and am happy to know I can query the thoughts of others who perhaps, keep up with the matters of money more than I. I do worry about it, and was concerned when the government printed the additional currency. Even from Economics 101 in undergraduate school, I recall remarks about printing money in times of economic crisis as a poor and dangerous solution. I am curious about the buying of 600 gallons of gas, and other survival tools and items. What is it that you are protecting against? Is it the fall of the economy, or natural castatrophes, or 2012, or all the above? Also, when you say it would be wise to have gold on hand, or you referring to gold in bars or some other means, or would jewelry do?

the next year or two will be interesting to watch

for those with jobs or even those looking .........there will still be many millionaires born in the next decade (or quadrillionaires if there is hyperinflation).......you can still excel and prosper........in a "depression" so don't let the "we are in a depression" overtake your psyche.....because we means the country.....not you individually (and i know it is a recession when you neighbor loses his job and a depression if you do) but there is always a way to make money somewhere doing something....especially in the internet age (last month i found out a good friend of mind was making 2,000 /wk for a few months on- line thru a type of google advertising) (if money is your goal) otherwise it's probably gonna be a good time to attach more value to enjoying tmes with other people and experiences.......get out and enjoy nature and the simple things.....i mean what type of value would you put on the most memorable fun enjoyable experiences in your life......so everyone can find a way to increase personal wealth (wether it's becoming rich in relationships) money or both......even with the reality of a great depression encroaching....

i have to remind myself to spend a limited amount of time here....even though i do enjoy it

[edit on 24-5-2009 by cpdaman]

i too think that overinflation is looming on the horizon. i guess the next 6 months or so will be interesting to watch. stocking up on foods and survival gear seems like something EVERYONE should be doing and as soon as im done with this, its off to the survival threads. i just am having a hard time figuring out how i am going to stockpile and what will happen to the families living on post! i will be a very angry person if the year i have spent in the desert saving my money is for crap when if i get back and the dollars i have are worthless.