Great Depression of 2016

[rufus]

The Fed is supposed to belong to the member banks, but lately, it seems to be a toy monkey bouncing on the government's string. http://www.usatoday.com/story/money/business/2014/03/26/fed-stress-tests/6922129/

It was more than a couple of banks that had problems. It only takes one big one to have problems and then all the others go down like dominoes. Let's hope it doesn't happen.

 

[rufus]

It looks like the federal government and the fed will continue the production of Obamabucks. http://www.bloomberg.com/news/2014-...raordinary-support-needed-for-some-time-.html

Pumping up the economy with worthless currency will work for a while, but only for a while. Eventually, inflation will kick in and the reality will set in.

When Obama presses Putin about his intentions, Putin will just price Russia's oil and gas in another currency. Then the dollar will be done for. The 16 trillion dollars being held abroad will come home to the US in a bad way. Once the Russians abandon international trade settlement in dollars, the middle eastern countries and China will also dump the dollar. There will be a rush to get real assets while there is still some value to the buck. It will happen rapidly.

Then we in the US will have to face an ugly issue. Those that live off the social welfare system will not understand that their lifestyle is changing. We are in for some very difficult times.

 

[hemet dennis]

It looks like the federal government and the fed will continue the production of Obamabucks. http://www.bloomberg.com/news/2014-...raordinary-support-needed-for-some-time-.html

Pumping up the economy with worthless currency will work for a while, but only for a while. Eventually, inflation will kick in and the reality will set in.

When Obama presses Putin about his intentions, Putin will just price Russia's oil and gas in another currency. Then the dollar will be done for. The 16 trillion dollars being held abroad will come home to the US in a bad way. Once the Russians abandon international trade settlement in dollars, the middle eastern countries and China will also dump the dollar. There will be a rush to get real assets while there is still some value to the buck. It will happen rapidly.

Then we in the US will have to face an ugly issue. Those that live off the social welfare system will not understand that their lifestyle is changing. We are in for some very difficult times.

We have been over this before haven't we ? The FED is cutting QE and has been for the last 3 months. When is this eventual inflation set in ? You do know that it has been low for all this time that people have been saying that hyper inflation will hit any day now, and they have been saying it for about 5 years now. So when is that "any day now" going to hit ?
If you think the currency is worthless you can send all yours to me, I'll even pay the shipping.

What will Putin price his oil in ? He sure doesn't want his own Rubles. And if he did "abandon" the dollar, why would others ? Do you think other countries want Rubles ? Do you think the Euro is anymore wanted ?

Now even if everyone wanted out of the dollar (wont happen) then you would have everyone wanting to buy U.S. goods for their dollars. that would put everyone that wanted to work working. We would even have companies competing for workers, and that would raise wages. Exports would be high, and imports would be more expensive so they would be lower, we would even have a trade surplus.

 

[rufus]

Sorry Dennis, the IRS has already taken just about everything already.

In the matter of hyper inflation, I am afraid you will see it soon. Nations are forming blocs for currency trading that avoid using the dollar. Read http://www.bbc.com/news/business-21949615 and read http://www.forbes.com/sites/jackperkowski/2012/06/26/china-busy-signing-currency-deals/

Read this: http://sherriequestioningall.blogspot.com/2012/03/bric-nations-brazil-russia-india-china.html

This all has been in the works since 2012.

The dollar is done for.

 

[hemet dennis]

Sorry Dennis, the IRS has already taken just about everything already.

In the matter of hyper inflation, I am afraid you will see it soon. Nations are forming blocs for currency trading that avoid using the dollar. Read http://www.bbc.com/news/business-21949615 and read http://www.forbes.com/sites/jackperkowski/2012/06/26/china-busy-signing-currency-deals/

Read this: http://sherriequestioningall.blogspot.com/2012/03/bric-nations-brazil-russia-india-china.html

This all has been in the works since 2012.

The dollar is done for.

How long have they been saying we will have hyper inflation "any day now" ?

 

[rufus]

Dennis, you will know it when you see it. When Mexico suffered through the horrible inflation in the 1980's everyone suffered, rich or poor.

 

[hemet dennis]

Dennis, you will know it when you see it. When Mexico suffered through the horrible inflation in the 1980's everyone suffered, rich or poor.

Don't know what that has to do with what I asked.

 

[rufus]

Dennis, a massive production of currency without a corresponding production of goods and services will cause inflation. We have been spared the pain of hyperinflation so far because the dollar was the reserve currency. People needed it to settle international debts. That gave it value, but that is no longer true.

Once the dollar starts to fall, there will be a rush away from it and into hard assets. The tipping point will be oil and gas sales. When those producers agree to sell their product in another currency or gold, it will be all over.

Worse, we have been holding other nations' gold for years. Now it appears that the politicians have "borrowed" it to loan to some very big banks. Fort Knox has not been audited since 1954. The gold is gone. We need to put an end to the incestious relationship between some banks and the Democratic party.

Germany asked for its gold back. We could not deliver it because the government had rented it out and used it to keep the dollar afloat. Germany was told that they could not be repaid their gold for another seven years. I suspect we will soon see private ownership of gold banned again. Worse, we probably will see a ghoul law that requires the removal and confiscation of dental gold before a body can be buried.

That is my opinion. You are entitled to your opinion. Time will tell who is correct.

 

[hemet dennis]

Dennis, a massive production of currency without a corresponding production of goods and services will cause inflation. We have been spared the pain of hyperinflation so far because the dollar was the reserve currency. People needed it to settle international debts. That gave it value, but that is no longer true.

Once the dollar starts to fall, there will be a rush away from it and into hard assets. The tipping point will be oil and gas sales. When those producers agree to sell their product in another currency or gold, it will be all over.

Worse, we have been holding other nations' gold for years. Now it appears that the politicians have "borrowed" it to loan to some very big banks. Fort Knox has not been audited since 1954. The gold is gone. We need to put an end to the incestious relationship between some banks and the Democratic party.

Germany asked for its gold back. We could not deliver it because the government had rented it out and used it to keep the dollar afloat. Germany was told that they could not be repaid their gold for another seven years. I suspect we will soon see private ownership of gold banned again. Worse, we probably will see a ghoul law that requires the removal and confiscation of dental gold before a body can be buried.

That is my opinion. You are entitled to your opinion. Time will tell who is correct.

Come on now be honest and answer the question.

You can have all the conspiracy theories you want, but just answer one question.

After all I answered your theories, even though you ignored the answer, I answered.

 

[rufus]

How long have they been saying we will have hyper inflation "any day now" ?

Dennis this has been in the works since 2012. When it happens, it will happen.