Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

How come nobody is talking about inflation after this proposed bailout?

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
endthewar Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 02:58 AM
Original message
How come nobody is talking about inflation after this proposed bailout?
The way I see it, Congress will just print a ton of money to cover this in the short term. That will lead to high inflation. Sure, money might start to flow more easily after this, but inflation will be out of the roof. So in effect, this sounds like a regressive tax on the poor and the middle class. Yet few people seem to focus on the effect this will have on the strength of the US dollar.
Printer Friendly | Permalink |  | Top
BigBearJohn Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 03:00 AM
Response to Original message
1. How come nobody is talking about the fate of our children in the new world?
Printer Friendly | Permalink |  | Top
 
tama Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 03:40 AM
Response to Reply #1
3. Guilt
The enormous guilt and fear for the consequenses of worshipping greed is too much to handle for most people, so is someone tries to talk about multigenerational views, holistic view of nature and need for humans ti live in balance and participating in natural processes instead of trying to control them for short term material gains, the usual reaction is shooting the messenger.
Printer Friendly | Permalink |  | Top
 
scarletwoman Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 03:02 AM
Response to Original message
2. Because they don't want you to think about that, they just want you scared shitless so they
can get what they want.

sw
Printer Friendly | Permalink |  | Top
 
lonestarnot Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 03:43 AM
Response to Original message
4. I've been screaming about the dollar.
They have to steal a bunch of them, because after this is over, they are not going to be worth shit.
Printer Friendly | Permalink |  | Top
 
BB1 Donating Member (671 posts) Send PM | Profile | Ignore Mon Sep-29-08 04:34 AM
Response to Reply #4
7. The worth is not in Dollars
but in assetts. The more businesses you own, the more wealth remains for you. If you own only cash, you'll go belly up. Cash just won't be worth anything anymore, see Zimbabwe. The Weimar Republic. Yugoslavia.

Within two years the dollar will be substituted for the Amero. 'To save the Economy'. Yeah right. Move to Europe, while you still can. I can take in two people, you're welcome.
Printer Friendly | Permalink |  | Top
 
tavalon Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 04:04 AM
Response to Original message
5. Because we're too busy trying to decide if we want to be buried or cremated
The fact that we are dead hasn't quite occurred to us yet.
Printer Friendly | Permalink |  | Top
 
Leopolds Ghost Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 04:07 AM
Response to Original message
6. No because they aren't giving the bank trusts (these are global monopolistic trusts) money.
They're giving them T-bills -- ownership of the Federal Government --

in return for an equity stake in a bunch of overpriced mortgages in order to ALLOW said banks
to continue to foreclose on American citizens.

Remember, "mass mortgage default" here means the banks are forced to FORGIVE the mortgages or go broke.

Why would the banks threaten to call in said T-bills for cash, when the gov't has already relieved
them of their purely paper liabilities?

Better to hold that new power over the Federal Government, placing the Fed (a private institution)
in charge of the government in the same way the IMF used to have entire countries in recievership.
Printer Friendly | Permalink |  | Top
 
lakeguy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 05:16 AM
Response to Original message
8. i'd be more worried about deflation with this crisis.
there has been a serious contraction of credit.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Wed May 01st 2024, 10:34 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC