he keeps saying that inflation is low and that QE 1 and 2 did not increase inflation...obviously you believed him LOL
You have completely ignored any facts that I put forward to combat your assumption that food and oil ought to be included in our calculations of the effect of monetary and fiscal policy on current consumer prices. Why? BECAUSE YOU DO NOT UNDERSTAND WHAT I JUST SAID YOU ARE NOT SMART ENOUGH TO UNDERSTAND Food and oil are not included because they change as a result of droughts and mideast unrest. The cost of all other goods, and also food and oil, increase as a result of "printing too much money" WE WANT TO ISOLATE THE EFFECT OF PRINTING MONEY ON PRICES WE WANT TO KNOW HOW PRICES CHANGE FROM MONEY PRINTING Are you familiar with the term "externality"? If so, please provide one example of something that you would refer to as "an externality" in any context. Do you know what the word "context" means? Are you smart? Did middle east unrest and droughts have ANY EFFECT ANY EFFECT ANY EFFECT ON THE PRICE of oil in early 2011? Is the price of oil and food increasing right now? No it is not. You have severely annoyed me. I actually think this forum is polluted with right wing liars who try their best to expel left wing fact-bringers like myself. PROVE ME WRONG LIAR
1) yes I am smart 2) food and energy are always the first to rise when there is severe monetization especially when you have the reserve currency ( are you smart) 3) Bernacke conveniently removes food and energy as he knows these are the first to show the damage caused by monetization. 4) there have been droughts and tensions in the middle east as far back as I can remember, but only in the 70's and now do we have increased prices....that is no coincidence! You really dont understand the concequences of monetization do you?
there is nothing more disgracefull than someone that is dead wrong yet still has to ridicule others that are dead right....there is a reason why gold is rising......if you want to believe that its rising simpy because a bunch of speculators are bidding the price up then thats fine with me.....its your loss not mine!
1) Someone is NOT stupid and a liar just because they do not feel like answering your questions. You have been going on and on and on and on about this nonsense for post after post after post now. Have you ever thought that maybe we are not as (apparently) obsessed about this subject as much as you are? and 2) I want one thing and one thing only from the inflation rate...I want to know the rate of inflation on ALL of the items that most people purchase/consume on a regular basis. And I do not want those numbers skewed by bureaucrats - I just want the raw numbers. And food and gas are the 2nd and third highest expenses for most people per month - so I want them IN...no matter how volatile they are. And let's get one thing straight. It is INCREDIBLY obvious why you are so fanatical against including these items in the CPI - because you are a devoted Keynesian and these numbers are severely hurting the inflation rate. And massive Keynesian spending can only continue so long as the inflation rate stays VERY low (which it no longer is, btw - it's 3.6%). So you desperately want the inflation rate to be lower so these gigantic spending programs you adore can continue. And finally, these juvenile theatrics of calling people stupid and liars just because they don't feel like talking about the exact subject you wish them to is doing nothing for your reputation but making you look more and more childish. I strongly suggest you stop it if you want people to take you seriously.
if they would only use the CPI that was used in 1981 they would get an inflation rate of 10% but these ignoramuses dont want to hear that
The sad thing about all of this economic mess, imo, is that the very people that are the most desperate for a better economy are actually using their dwindling tax dollars to finance the government programs that put that money into the pockets of the rich. And the rich have conned these poor unfortunates into actually believing it is for their own good. And I guarantee you that the masses will not figure it out until it is too late.
yup.....once the currency crisis hits in a couple of years they will wake up under a bridge and say " WHAT HAPPENED" lol
Yup..though personally, I think it will take more time then that. If there is one thing I have learned over the last few years, it's the incredible ingenuity of those in power (gov't and business) to manufacture debt in new and imaginative ways. And convince the masses to allow these programs to be rammed down their throats. But we shall see.
Peter Schiff thinks around 2015 Marc FABER thinks around 2017 to 2020 Gerald Celente thinks in the next 3 - 5 years the reason I say 2012 to 2013 is because thats when the US will have a debt to GDP of 125%.....and I think that will spook the bond vigilanties.......its just a guess of course but I cant see the chinese being so foolish to wait any longer than that!
I tend to favor the Marc Faber number...but what do I know? No matter when it is, it's going to be UGLY (imo).
its tempting now as the price of silver seems to have stabalized at around 30 dollars and seems the stock market is also taking a hit now
Yu seem to be right...it has hovered around $30 all week. Today it closed (for the weekend) at $29.90.
the funny thing is germany just agreed to bail out greece again...this is actually highly bullish for both gold and silver as it means more money printing by the european central bank. But investors are thinking short term.
