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Guns, Guns Guns

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Re: Guns, Guns Guns
Post by namelessfly   » Tue Nov 05, 2013 9:26 pm

namelessfly

Amen!!!

I am amazed that inflation hasn't surged far more yet.

The problem is Quantitative Easing by the Fed to pump more money into the economy at the expense of creating inflation. It destroys the savings of the middle class. Among the few politicians who are warning of the dangers of Quaintative Easing are Governor Palin. I suspect that she has gotten a degree in economics to go with her degrees in journalism and political science.



PeterZ wrote:Which doesn't bode well for the US now. That excess printing in the 60's led to very high inflation in the 70's. If that timing is any indicator, we should start seeing inflation sometime soon.

Looks like we will see wonething worse than the 70's.

Invictus wrote:Re the ongoing financial meltdown, found an interesting link for you all. Now, before flaming me down, bear in mind I'm Australian, and therefore as close to neutral as can be found on these forums :D
http://mises.org/daily/6574/How-the-Fed ... Easy-Money

So basically it was during the KENNEDY administration that the ball started rolling...
And while we're at it, the reason that the US dollar went of the gold standard? The US Federal reserve was refusing to allow outside audits of itself, and was basically printing more money than it had gold for. Other folks (like France) realised that the US was spending far more than it should be able to by funding a war in Vietnam as well as implementing a broad array of welfare measures. So they did what any sane person does when they think the bank is spending money it doesn't have; They pulled all of their deposits out! And demanded the gold their deposits were valued at. Bear in mind that this took place during the NIXON administration, so its not a democrat versus republican thing.

Is bipartisan buggery a phrase? It should be. :x

Oh, and back on the topic of guns, you all may find this interesting...
http://mises.org/daily/6552/Gun-Prohibi ... d-for-Guns
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Re: Guns, Guns Guns
Post by PeterZ   » Tue Nov 05, 2013 10:42 pm

PeterZ
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namelessfly wrote:Amen!!!

I am amazed that inflation hasn't surged far more yet.

The problem is Quantitative Easing by the Fed to pump more money into the economy at the expense of creating inflation. It destroys the savings of the middle class. Among the few politicians who are warning of the dangers of Quaintative Easing are Governor Palin. I suspect that she has gotten a degree in economics to go with her degrees in journalism and political science.
Y



I was mainly referring to the Greenspan's response to the .com bubble bursting. Bernanke's QE ad infinitum is overkill in the extreme. The only reason inflation hasn't been more obvious is the declining velocity of money brought about through increased regulations. Obamacare is prime example.

Just in case any central planning progressives out there get any ideas, the combination of reduced velocity of money AND quantitative easing has resulted in the elites getting richer faster than anyone else. That and they are leaving Joe tax payer with the bill.
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Re: Guns, Guns Guns
Post by pokermind   » Wed Nov 06, 2013 5:50 am

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Obama's policies are saying "Keep your guns you just won't be able to feed it!" http://freepatriot.org/2013/11/05/governments-goal-eliminate-ammunition-supplies/ multi agency policy to restrict ammunition.

Poker
CPO Poker Mind Image and, Mangy Fur the Smart Alick Spacecat.

"Better to be hung for a hexapuma than a housecat," Com. Pang Yau-pau, ART.
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Re: Guns, Guns Guns
Post by Invictus   » Wed Nov 06, 2013 8:53 am

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PeterZ wrote:
namelessfly wrote:Amen!!!

I am amazed that inflation hasn't surged far more yet.

The problem is Quantitative Easing by the Fed to pump more money into the economy at the expense of creating inflation. It destroys the savings of the middle class. Among the few politicians who are warning of the dangers of Quaintative Easing are Governor Palin. I suspect that she has gotten a degree in economics to go with her degrees in journalism and political science.
Y



I was mainly referring to the Greenspan's response to the .com bubble bursting. Bernanke's QE ad infinitum is overkill in the extreme. The only reason inflation hasn't been more obvious is the declining velocity of money brought about through increased regulations. Obamacare is prime example.

Just in case any central planning progressives out there get any ideas, the combination of reduced velocity of money AND quantitative easing has resulted in the elites getting richer faster than anyone else. That and they are leaving Joe tax payer with the bill.


I think the main reason that inflation hasn't hit yet is just where the money is getting injected. It is all heading directly to the stock/bonds market, where it tends to stay a bit segregated from the rest of the economy. You may have notice an unending string of record high stock prices? Inflation. And when they all get sold off....

"When you talk about damage radius, even atomic weapons pale before that of an unfettered idiot in a position of power." Sam Starfall
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Re: Guns, Guns Guns
Post by PeterZ   » Wed Nov 06, 2013 9:08 am

PeterZ
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Posts: 6432
Joined: Fri Apr 01, 2011 1:11 pm
Location: Colorado

Invictus wrote:
PeterZ wrote:
I was mainly referring to the Greenspan's response to the .com bubble bursting. Bernanke's QE ad infinitum is overkill in the extreme. The only reason inflation hasn't been more obvious is the declining velocity of money brought about through increased regulations. Obamacare is prime example.

Just in case any central planning progressives out there get any ideas, the combination of reduced velocity of money AND quantitative easing has resulted in the elites getting richer faster than anyone else. That and they are leaving Joe tax payer with the bill.


I think the main reason that inflation hasn't hit yet is just where the money is getting injected. It is all heading directly to the stock/bonds market, where it tends to stay a bit segregated from the rest of the economy. You may have notice an unending string of record high stock prices? Inflation. And when they all get sold off....


Not arguing. The reason the money stays in the securities markets is that regulations have made the mainstreet economy much less likely to return a profit. The costs to start a business or expand isn't justified by the probable returns.

As for what happens on a sell off. Owners of the stock get the cash. The majority of the owners who sell in time will be the elites. The remaining sellers will not be selling at record profits but at much more mundane prices.

There is little chance that this money ever flows into the mainstreet economy.
Edit: Spelling
Last edited by PeterZ on Wed Nov 06, 2013 11:51 am, edited 1 time in total.
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Re: Guns, Guns Guns
Post by namelessfly   » Wed Nov 06, 2013 11:43 am

namelessfly

Phoney money to pay off the Wall Street bankers who will then support the Democrats and Viagra Republicans against the evil TEA Party loons.

Palin's populist conservatism is becoming even more appealing.
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Re: Guns, Guns Guns
Post by Tenshinai   » Fri Nov 08, 2013 5:30 pm

Tenshinai
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namelessfly wrote:Amen!!!

I am amazed that inflation hasn't surged far more yet.


That´s because the USD is kept artificially high by USA enforcing it as the currency you pay for oil with.

Iraq had just started switching over to using Euro when president shrubbery started his serious "but they´re evil!" campaign which ended with the 2003 invasion.

Funny coincedence isn´t it?

And then Iran somehow got stuck with sanctions when they used Euro, my my, what a lovely coincedence...


Oh and of course then there´s the fact that the US economy can at best be described as limping. That keeps inflation down as well since about 1/4 of the people are in financial trouble, more or less.
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Re: Guns, Guns Guns
Post by Tenshinai   » Fri Nov 08, 2013 5:32 pm

Tenshinai
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Invictus wrote:Re the ongoing financial meltdown, found an interesting link for you all. Now, before flaming me down, bear in mind I'm Australian, and therefore as close to neutral as can be found on these forums :D
http://mises.org/daily/6574/How-the-Fed ... Easy-Money

So basically it was during the KENNEDY administration that the ball started rolling...
And while we're at it, the reason that the US dollar went of the gold standard?
...


Yeah, once i grew up and started looking around into history, i just grew appalled at the hero worship of Kennedy, because the more i found out about him, damn it was frightening how much stuff his administration was up to.
Anything from just odd, via questionable to outright insane.


Anyone who thinks Obama is bad really should take a hard look at what USA already survived, in retrospect JFK seems to have wanted to cause WWIII.

And much of Obama´s crap is leftovers from president shrubbery that he can´t get rid of because that would split the partyline too much.
Not that he´s a good president, but please, blame him for what he´s actually doing rather for what he has NOT done.

Definitely looking at you Pokermind.
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Re: Guns, Guns Guns
Post by namelessfly   » Fri Nov 08, 2013 9:11 pm

namelessfly

:roll:

Obama's worst offenses are his own, not Bush's. In spite of the Patriot Act, Bush restricted wiretapping and surveillance to people that authorities had reasonable suspicion were involved in terrorism with robust oversight. Obama is tapping everyone's email and phone without oversight. Obama also went out of way to marginalize and discredit secular, somewhat democratic gipovernments in Iraq and worse yet Pakistan that has increased the influence of Islamic radicals.


Tenshinai wrote:
Invictus wrote:Re the ongoing financial meltdown, found an interesting link for you all. Now, before flaming me down, bear in mind I'm Australian, and therefore as close to neutral as can be found on these forums :D
http://mises.org/daily/6574/How-the-Fed ... Easy-Money

So basically it was during the KENNEDY administration that the ball started rolling...
And while we're at it, the reason that the US dollar went of the gold standard?
...


Yeah, once i grew up and started looking around into history, i just grew appalled at the hero worship of Kennedy, because the more i found out about him, damn it was frightening how much stuff his administration was up to.
Anything from just odd, via questionable to outright insane.


Anyone who thinks Obama is bad really should take a hard look at what USA already survived, in retrospect JFK seems to have wanted to cause WWIII.

And much of Obama´s crap is leftovers from president shrubbery that he can´t get rid of because that would split the partyline too much.
Not that he´s a good president, but please, blame him for what he´s actually doing rather for what he has NOT done.

Definitely looking at you Pokermind.
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Re: Guns, Guns Guns
Post by biochem   » Thu Nov 14, 2013 10:11 am

biochem
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Posts: 1372
Joined: Thu Aug 19, 2010 8:06 pm
Location: USA

I think the main reason that inflation hasn't hit yet is just where the money is getting injected. It is all heading directly to the stock/bonds market, where it tends to stay a bit segregated from the rest of the economy. You may have notice an unending string of record high stock prices? Inflation. And when they all get sold off....


It is also what the government counts. Food, energy etc are commodities and are NOT counted in the inflation number. Basically things you NEED (food heat etc) are not counted but things you WANT (the random junk cluttering up your house) are counted. In the current great recession family incomes are down. Not only is the true unemployment rate sky high but for those who have managed to find jobs, those jobs pay a lot less. Those on commission earn less. Hourly workers are getting fewer hours. So families are reducing spending on extras and focusing on needs which aren't counted in the inflation numbers. Because demand is lower there is pressure on the want portion of the economy to keep prices down.
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