Inflation // Current

Europe risks another depression?

Valid criticisms from Simon in this article but you guys across the Atlantic need to... more

CaptSutter
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3 days ago
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2 comments

Ron Paul: The Government Wants Inflation, Devalued Dollar

Congressman Ron Paul appeared on Neil Cavuto's Fox Business show last night to discuss the news that Obama intends to enact a spending freeze, a policy the president previously admitted would amount to a "hatchet job".

Paul made a number of salient points, including the fact that a spending freeze flies in the face of the government's actions over the past year and goes against what they would like to see happen - more spending.

"I think they are responding to what they're hearing but they still don't quite understand it, and I would say Congress as well as the president." Paul said.

"They know there's something going on but they're lost as to what to do because they can't change the philosophy of government, they can't change the welfare state or the warfare state. So they have to talk about this."

"This talk of freezing a few of the expenditures, it doesn't start 'til 2011, and it won't happen. That proposal of Obama's actually would allow foreign aid to go up, but the air traffic controllers would be frozen, could you imagine that passing the Congress? This is just talk." Paul added.

The Congressman explained that freeze on spending, akin to a crash course diet for the government after months of pigging out, would be in direct conflict to the preponderate view on Capitol Hill.

"The philosophy that is prevailing here in Washington is that when you're in a slump, you need the government to spend more money, and some of us believe the government should spend less money and that the people should get their money back with lower taxes, then they should spend the money and make the decisions."

"We're going to slip and slide, we may have another major crisis. The way we're going, since we think that spending money and borrowing money and printing money works, we will end up with a dollar crisis and then all these number won't have any meaning whatsoever." the Congressman urged.

"If you go into an inflationary period and you have a slump, something worse than the stagflation of the 70s, revenues crash and inflation costs go up."

"The natural market forces want people to back off and not spend and save and pay down their debt. The government does exactly the opposite. They want you to spend and borrow, and inflate. The government wants inflation because they can never pay this debt, so they look for a devalued currency because you pay back ten cents on the dollar it's not as big a difficulty in paying off the debt."

"They are frustrated because they don't have the inflation that they are looking for, because they equate inflation with a healthy economy, and that is not the case at all." Paul concluded.Congressman Ron Paul appeared on Neil Cavuto's Fox Business show last night to... more

Monkey_Films
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12 days ago
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Hyperinflation Making Preserving Wealth Uphill Battle

2009 is marked as the year hundreds of billions of American taxpayer dollars bailed... more

solo401kadvisor
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1 month ago
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0 comments

No change : Senate committee renominates Ben Bernanke

12/17/2009 The Senate Committee renominated Ben Bernanke on Thursday, proving that the... more

shanklinmike
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1 month ago
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71 comments

Ron Paul 12/16/09 “Bernanke More Powerful Than President/Austrian Economists Correct/Stop The Wars”

12/16/2009 Ron Paul discusses how Ben Bernanke is more powerful than the President and... more

shanklinmike
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1 month ago
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31 comments

College Degree More Expensive, Worth Less in Job Market

"Employers and career experts see a growing problem in American society - an... more

Trauzer
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2 months ago
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0 comments

Ron Paul 12/3/09 “Bernanke To Be Renominated/There’s Lots of Special Interests Behind This”

12/3/2009 Ron Paul & Judge Napolitano discuss the Federal Reserve/Economy

shanklinmike
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2 months ago
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5 comments

Ron Paul On Kudlow Report 12/1/2009 “We Should Look To The Fed For An Apology, Not Help”

12/1/2009 Ron Paul on Kudlow Report ***This article has been chosen as a discussion... more

shanklinmike
added this
2 months ago
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14 comments

Federal Reserve is the root of our banking problems

By Greg Hildreth People generally trust the government and the Federal Reserve to... more

Dagum
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2 months ago
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2 comments

National Inflation Association: The Dollar Bubble (video)

Get your guns, gold, and shovels ... The National Inflation Association is not... more

WallStCheatSheet
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3 months ago
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1 comment

32% Inflation in UCLA Tuition

In-expensive government backed loans for **insert vital thing we all "need"... more

Wegg
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3 months ago
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6 comments

In Defense of Fiscal Credibility

More stimulus is not what we need, argues YPNation contributor Ewan Watt. It's... more

NankinYP
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4 months ago
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0 comments

RUNAWAY NATIONAL DEBT SLIDES U.S. TO ECONOMIC COLLAPSE

It is hard to overestimate the danger to which the fecklessness of our current leaders in Washington exposes the nation.

It is the interest on the national debt that makes our future unstable. The exploding size of that burden suggests that, short of devaluing the dollar and taking a large bite out of the middle class through inflation and taxation, there is no way to ever pay down that bill.

As of Sept. 30, 2009, the national debt was almost $12 trillion and interest on that debt was $383 billion for the year, according to the Treasury Department's Bureau of the Public Debt. The Congressional Budget Office on Oct. 7 estimated the 2009 budget deficit to be almost $1.4 trillion (about 10% of GDP). In August, the White House Office of Management and Budget (OMB) estimated total government revenues at about $2 trillion. The revenue estimate included $904 billion from individual income taxes. This means the cost of interest on the debt represented more than 40 cents of every dollar that came in from individual income taxes. ...

During Jimmy Carter's years in the White House, Treasury yields reached 15%. The 2009 average interest rate on the debt was only 3.2%. With our mounting national debt and budget deficits, it is reasonable to assume that in the near future interest rates on new and refinanced debt could double or triple.

In stark but simple terms, unless Americans are made aware of this financial crisis and demand accountability, the very fabric of our society will be destroyed. Interest rates and interest costs will soar and government revenues will be devoured by interest on the national debt. Eventually, most of what we spend on Social Security, Medicare, education, national defense and much more may have to come from new borrowing, if such funding can be obtained. Left unchecked, this destructive deficit-debt cycle will leave the White House and Congress with either having to default on the national debt or instruct the Treasury to run the printing presses into a policy of hyperinflation.

It is against this background that Washington is now debating whether to create social programs it can't afford.

http://www.powerlineblog.com/archives/2009/10/024701.phpIt is hard to overestimate the danger to which the fecklessness of our current leaders... more

akamaial [removed]
added this
4 months ago
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40 comments

Facts About Your Money & The Federal Reserve 9/26/2009

Today the American dollar is only worth 4 cents compared to when the Federal Reserve,... more

shanklinmike
added this
5 months ago
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17 comments

US National Debt Threatens Economy

A large portion of the US national debt is caused by the many government programs and... more

ProjectBat
added this
5 months ago
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0 comments

FREE OBAMA MONEY wipes out your $ debt!

Obama’s U.S. debt wipes out the value of our dollar with his FREE MONEY... more

NewWarriorMan
added this
5 months ago
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4 comments

The Fed's dollar conundrum

NEW YORK (Fortune) -- Whose recovery is the Fed stimulating, anyway? A year after... more

ProjectBat
added this
5 months ago
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1 comment

NFL Sticker Shock

NFL average ticket prices rise; thank the Dallas Cowboys Going to an NFL game this... more

remanns
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5 months ago
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1 comment

How The Federal Reserve System Works

The Ludwig Von Mises Institute’s 1996 Documentary On The Federal Reserve (The... more

shanklinmike
added this
6 months ago
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62 comments

Economist Warns Raising Taxes and Cutting Spending Can Hurt Recovery

Roubini warns that if policymakers try to fight rising budget deficits by raising... more

jimhager
added this
6 months ago
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0 comments

TAGS

tagged w/ Inflation

Europe risks another depression?

Ron Paul: The Government Wants Inflation, Devalued Dollar

Hyperinflation Making Preserving Wealth Uphill Battle

No change : Senate committee renominates Ben Bernanke

Ron Paul 12/16/09 “Bernanke More Powerful Than President/Austrian Economists Correct/Stop The Wars”

College Degree More Expensive, Worth Less in Job Market

Ron Paul 12/3/09 “Bernanke To Be Renominated/There’s Lots of Special Interests Behind This”

Ron Paul On Kudlow Report 12/1/2009 “We Should Look To The Fed For An Apology, Not Help”

Federal Reserve is the root of our banking problems

National Inflation Association: The Dollar Bubble (video)

32% Inflation in UCLA Tuition

In Defense of Fiscal Credibility

RUNAWAY NATIONAL DEBT SLIDES U.S. TO ECONOMIC COLLAPSE

Facts About Your Money & The Federal Reserve 9/26/2009

US National Debt Threatens Economy

FREE OBAMA MONEY wipes out your $ debt!

The Fed's dollar conundrum

NFL Sticker Shock

How The Federal Reserve System Works

Economist Warns Raising Taxes and Cutting Spending Can Hurt Recovery

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