Go into debt. Buy as much useless shit as you can on credit. When hyperinflation sets in, it will be easy to pay off.
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Inflation is the way out
- Thread starter cokezero
- Start date
Go into debt. Buy as much useless shit as you can on credit. When hyperinflation sets in, it will be easy to pay off.
Quote from forextrades:
Go into debt. Buy as much useless shit as you can on credit. When hyperinflation sets in, it will be easy to pay off.
In a hyperinflation enviroment, debtors get blown out because most short-term revolving debt is not fixed. You can payoff debt at 50% interest? The banks will own you, and and the little cash you have will be worth noting and it will go to paying for your food.
Your may get close to paying off your house, but you wont be able to afford the taxes, electrical, gas or water. So you wont really care.
Hyperinflation, is the way to destroy the middle class and send 50% of the population into poverty.
just a thought-
no one is differentiating between a historical inflationary method and a modern day one- printing money and distributing it in real time, electronically is likely to be less effective than the historic ways of doing things.
The fact that the money is immediately there eliminates the lag in price change, causing ones buying power to be no better than before.
Also, the obvious fact that the banks are hoarding this electronic money as other posters have already said - only serves to facilitate selective and speculative forms of inflation.
I read in bloomberg magazine this month that the bailout cost 8.5 trillion so far- that is about 10 years of american income taxes. Its a horror when you view it that way. Because we are no better off than we were 12 months ago.
no one is differentiating between a historical inflationary method and a modern day one- printing money and distributing it in real time, electronically is likely to be less effective than the historic ways of doing things.
The fact that the money is immediately there eliminates the lag in price change, causing ones buying power to be no better than before.
Also, the obvious fact that the banks are hoarding this electronic money as other posters have already said - only serves to facilitate selective and speculative forms of inflation.
I read in bloomberg magazine this month that the bailout cost 8.5 trillion so far- that is about 10 years of american income taxes. Its a horror when you view it that way. Because we are no better off than we were 12 months ago.
Quote from Eliot Hosewater:
He doesn't exactly say how to achieve this higher inflation. Bernanke has been trying like hell to inflate and it hasn't been working.
Inflation by decree?
How about this one: Let the existing banks fail and use the TARP money to fund new banks. That would punish the ones who made bad loans and ill-advised investments, and promote better lending in the future.
One of the better ideas. To bad DC doesn't really care about good ideas as they usually dont gather votes