Peter Schiff Vlog 21 July there is no exit strategy Europac.tk or http for more Europac.tk or http for more Europac.tk or http for more Europac.tk or http for more Europac.tk or http for more Europac.tk or http for more
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you can call price inflation a moon pie if you want it doesn’t change the fact that you can have price deflation based on market availablity of raw goods and other factors . this gives you falling prices . in the current case we have limited consumer spending based on cash savings(or cash hoarding)because of a caustic econ enviroment ,coupled with a mega printing machine spiting out funny money (a cause of monetary inflation) . monetary inflation is NOT falling
Posted 23 Jul 2010 at 4:33 pm ¶no it isn’t. prices may go up and down, but it is not price inflation.
what i’m saying is that the idea economically that there are 2 forms of inflation is nonsense. there is only one. if prices go up it may or may not be related to inflation, but it is incorrect to differentiate two forms of inflation. the one is correctly called inflation and the other is simply rising and falling prices, which is a separate issue.
Posted 23 Jul 2010 at 4:55 pm ¶forget about infation deflation. your govt is stealing money. We have been the reserve currency because countries believed in our system and our ability to pay it back. no more, Once they catch on and loose faith ..recess back to a protectionist way of doing things were screwed. they will build from within with their cheap labor. their “indutrial revolution” we will build nothing with inflated salaries. international companies might fair well “stock holders” joe six pack will get screwwd
Posted 23 Jul 2010 at 5:47 pm ¶There are essentially two kinds of inflation, cost push i.e a drought will push up the price of food or rises in the cost of oil will generally increase price levels, or inflation caused by an increase in money supply. In the second case it is not so much that prices are rising but rather the value of the currency is falling. The second case is far more common and is the type of inflation inevitably created by the monetary policy of the fed.
Posted 23 Jul 2010 at 6:21 pm ¶jdepp;that is incorrrect . price inflation is a very real phenom
Posted 23 Jul 2010 at 6:46 pm ¶It’s not a community college, but it’s what you do with your education that counts. Yes, jobs are tough, That is why you need to diversify. My son is a communications major which covers business, teaching, consulting, web designing, etc.
Posted 23 Jul 2010 at 6:50 pm ¶He’s bilingual. He works 30 hrs. a week, but I pay for his education.
no they should cut their outrageous spending so they don’t have to tax them so much.
Posted 23 Jul 2010 at 7:32 pm ¶you may be wasting all of that money depending on what he’s taking. community college is cheap, sure, but keep in mind you might just get exactly what you’re paying for.
now at many expensive universities, you may get the same inferior education, but you get a nice shiny name of the school to go with it, which impresses some people enough that it could end up paying for itself.
Posted 23 Jul 2010 at 8:22 pm ¶not exactly. monetary inflation is the only kind of inflation there is. there is no such thing as price inflation/deflation. prices go up and down, and one major factor can be inflation/deflation… but that doesn’t mean the word inflation, or deflation, can be correctly applied to prices as if there are two kinds of inflation.
people are only hoarding cash because the bottom hasn’t dropped out of it yet–it’s been considered “stable” for so long that the myth is still alive. not for long
Posted 23 Jul 2010 at 8:55 pm ¶peter schiff money bomb August 7th!!!
s c h i f f a t h o n . c o m
Posted 23 Jul 2010 at 9:07 pm ¶i agree with your point here that is monetary inflation and it well/is happening now . but it is rare to see PRICE deflation while monetary inflation is happening (it’s being called hyper stag-flation) . as you know ,prices usually rise with monetary inflation,the rarity is people are hoarding cash so prices are felling . another way to but it; the fed is overprinting cash while “joe 6 pack” is keeping it from circulating and inflating .
i think we’re on the same page
Posted 23 Jul 2010 at 10:01 pm ¶good to know
Posted 23 Jul 2010 at 10:58 pm ¶i am saying something different than you are. i’m saying the inflation is what is taking place now. creating money when there is no economic growth IS inflation.
prices increasing is a symptom of inflation–but inflation is an increase in the monetary supply, pure and simple. even if prices haven’t risen at this point, that doesn’t mean the inflation has not occurred. In fact, it has already happened, and continues to happen, though not all effects have yet been felt.
Posted 23 Jul 2010 at 11:45 pm ¶you’re wrong . what i explained is exactly what you chirped out in your comment. you just worded it up to try and impress me (fail!)
Posted 24 Jul 2010 at 12:32 am ¶@syncro16se: Thank you! A true “global” citizen – you can see that freedom, common sense & fiscal/monetary responsibility benefits everyone, not just in U.S. You’re a good example of how we can all be good neighbors & global citizens without having the government abolish borders, tax or force us into submission. As soon as more people realize, like you, that if everyone listens to & acts on the TRUTH, we’ll have strong economy, clean environment and FREEDOM for the people. All world’s people.
Posted 24 Jul 2010 at 1:27 am ¶Check!!!
Posted 24 Jul 2010 at 2:03 am ¶It cannot recreate lost wealth but it can plug the deficiency of demand and create demand until the economy is strong enough to create it on it;’s own.
I think that the Obama, Bernanke and Geithner have done really well for the 6 months they have been in charge people are upset about currency unemployment but think about it.
Posted 24 Jul 2010 at 2:10 am ¶If the collapse of Leman brothers was only felt in the first 3 months of this year how much worse would it have gotten without intervention.
Ask Soros, Buffet whether a decent job has been done. They know a thing or two about how the economy works and they have been around for a while.
Posted 24 Jul 2010 at 2:25 am ¶what about all the money that is being created by the Fed as their balance sheet goes up to completely unprecedented levels? i think that is at least 2 trillion…. but it’s a moot point. the government can’t recreate lost wealth. it’s lost and gone. pumping money after it through government channels is just a way to lose more wealth as legitimate interests are forced to compete with government-backed illegitimate ones, which holds prices higher when they should be falling.
Posted 24 Jul 2010 at 2:31 am ¶wrong. this is a misnomer. money inflates and deflates. prices rise and fall and do so in part as a result of monetary inflation. but if you speak of inflation as a price phenomenon, you are mistaken. it is purely a monetary phenomenon, but one which has a very clear impact on prices.
Posted 24 Jul 2010 at 2:54 am ¶So can retired veterans.
Posted 24 Jul 2010 at 3:00 am ¶need to be wiped off…. you are talking about civil war – they’ll use all means to conserve the status quo, and they can use as much money as they wish……. Empire can counter attack and hard.
Posted 24 Jul 2010 at 3:07 am ¶All this talk about “what should the FED do”… is RIDICULOUS. They are a private, criminal, corrupt corporation and they need to wiped off the face of the earth and soon.
Posted 24 Jul 2010 at 3:20 am ¶i agree with you but for a differant reason .
the stimulis and tarb money has not even hit the streets yet so basicly it’s printed but sitting in some warehouse/vault . when it does make it’s way to circulation we will see the inflation mixed with the already low price deflation,a term called hyper-stag-flation coined by Alex Jones
Posted 24 Jul 2010 at 3:37 am ¶People are acting like we will see hyperinflation next week.
I do not think inflation is on the cards in the short term for the following reasons:
1. We have lost more then 2 trillion in GDP in the last couple of years. The fiscal stimulus is not even half that to reflate the economy.
Posted 24 Jul 2010 at 4:09 am ¶Post a Comment
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