Fiat curencies alway beget Inflation as inflating a currency costs no votes as few people understand the idea that the more money that is printed, the less their money will purchase..

 

Exactly JoeyD, but like the Fed, America simply does not care to understand "what" this means to them personally, as in higher prices on everything from water to gasoline to toilet paper.

"We" will be paying off the Govt debt via the inflation they are creating.

 

Sweet Mole, the other really good illustration concerns the dija divided by the price of gold, in 1898 it was 1 to 1, in 1929 it was 16 to 1 in 1932 it was 2 to 1 in 1966 it was 28 to 1 and in 1999 it was 43 to 1 by 2002 the ratio had slid back to say 7 to 1, now we are at 9 to 1 so there is still room for the dija to fall.

 

http://www.campaignforliberty.com/blog.php?view=15750

http://www.americanchronicle.com/articles/view/40585

http://www.frbsf.org/publications/federalreserve/monetary/affect.html

And keep in mind jptr, those 10 years of deficit projections in the trillions will mean that the inflation effect will happen for years after the money has been spent because the lag time will accumulate.

 

:hi5:

The previous administration, including Greenspan mostly receives a pass though, Greenspan intentionally threw the economy into recession in 1999 because inflation was appearing and financial markets were speculating on absolute garbage .Com stocks and instruments.

Greenspan left in 06, Helicopter Ben Bernanke was put in charge of the Fed, then the 3 hour, 600 billion event happened, the equity markets were literally depleted of cash in 3 hours and the trading windows were closed.

That led to TARP and all the rest of the current Monetization and Inflationary Creation, what I had in mind wasnt the laying of political blame, rather what everyday Americans can expect for the next decade or more, slowly rising prices, or quickly rising prices, and stagnant wages and job creation.

I only half joke when I say planting a garden is not a terrible idea.:sad:

 

The IMF received permission at the G20 summit to sell 400 million dollars worth of gold Joey D, so the price will be depressed for quite sometime even though they "pledged" not to sell it in a manner that would damage the market.

http://www.marketwatch.com/news/sto...AB663-768C-49EB-A5E0-A944F35661AB}&siteid=rss

So even that classic "safe haven" will be under pressure for the next two years, but if Middle Class World decides things are going to heck in a handbasket all bets are off, 400 tons equals to millions of ounces of gold hitting the market.

 

Same here bro, put out the plants today...and it's surprisingly supposed to get chilly tonight..:angry:

As a part of this inflationary pressure, we will see the rebirth of the "nuclear family" as well as some other long unused skills like haggling and trading and a bit more "making do".

 

For the last stroke against Gold:

http://www.telegraph.co.uk/finance/...-as-hedge-fund-managers-buy-gold-futures.html

When hedge fund guys are involved, IMO they will short sell and further depress prices.

But..but...by early next year everything gonna be all right.

 

Nah, in the Mtns of WNC.

 

I don't think we are headed towards a Jim Rogers style Dystopia Joey D, I do think businesses will contract in response to the toxic climate that is being created, inflation in which businesses cannot raise prices and then they have the added burden of Government mandated healthcare and increased unemployment benefits and higher taxes at the local, county, state and federal levels.

And one thing that really should be mentioned in relationship to a discussion about Inflation is the manipulation of the Consumer Price Index, the CPI no longer accounts for fuel, food, housing or energy costs, so called "core inflation" is a hollow term.

 

Well, now we are veering off course, but let me say anyone who would leave a pennisula with food all over the place is a bit daft, or just plan ol' lazy..

I came up in Venice FL, every kid I knew had a blue crab trap and knew how to fish or shrimp a bit...those were the days...:yes:

 

Exactly, they did create the "real" inflation index, but that is not accurate, you have to hope someone who blogs has access to Shadowstats.

Trot Lines..and apple jack...:lol::shifty:

 

Well it's that, it's also when one takes apple cider and "jacks it up" by freezing after adding one of the backwoods distillers main ingredients..:lol:

 

http://huntergathercook.type/hunter...-to-the-brewing-playing-with-apple-juice.html


:wink2:

 

Probably, it's in the UK though.

One of the benefits of the internet is there is a tremendous amount of information out on the web that can be used if times get hard, the problem is quality control and motivation.

Americans just no longer put out that sort of effort as a whole, as late as the mid 70's and Gerald R Ford's WIN (whip inflation now) program there were modern Victory Gardens being raised in the US, that trend dwindled until the last 3 years when a sudden explosion in seed sales has happened.

Very American, complete apathy, then total panic when problems come knocking on the front door.

 

Really? This might be of interest to you then:

http://organicgardening.about.com/b/2009/03/12/how-much-is-your-garden-worth.htm

Not bad, and as prices rise and quality falls, that 2,200 will only grow larger.

Plus there is a nice feeling of accomplishment when you grow your own.

In the UK, which is going through a much more severe time then we in the States are dealing with, there is a two year waiting list to garden in the London City set aside plots of land..two years...that is astounding.

My quibble with it is, if one is a professional like a doctor then the time spent gardening is actually underproductive, if one can bill 200 dollars per visit then that couple of hours a week seems like money loser unless one is just a fan of organic veggies.

When I was a wee lad in SW Florida, there used to be orange trees and grapefruit trees all over the place, now the area is so developed that is a quaint notion of yesteryear.

 

Pricey though.

Haven't heard of Clermont, at least not off hand, I used to stomp around the Ft Myers up to Clearwater area though, iirc, Clermont may be in that area? It's been 20 years, maybe more.

Apparently, the next shoe to drop in the great unraveling is Credit Card debt, and to me that is the most serious issue, nearly everyone has a credit card and when those defaults start destroying the value of the CDS and other exotice financial instruments, things will get downright ugly.

Let BoA or Citi collapse and all the people who have their cards won't be able to purchase anything, and there will be no Bank to step in and offer new lines of credit, that will grind things to a standstill when millions suddenly have to rely on cash to buy anything.