The Conservative Cave
Current Events => Economics => Topic started by: Baruch Menachem on November 17, 2009, 08:29:45 PM
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The Won is worth about .09 cents.
There was a report that Gold has hit $1100 per oz. (Us really old timers remember when it was worth $35)
What with Berenke's soft money, 0bama's spending, and the general collapse of employment, I was reading that some folks were predicting Weimar levels of inflation by next year. I think that is just too much alarm and despondency and not enough reality. But there is a sea of US money all over the rest of the world, and there are signs that the rest of the world isn't willing to buy out debt anymore. Which means that the value of the dollar internationally is headed to the tank.
So, what do you thing about the prospects of inflation and such?
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That bad? No. 10-12 percent? Absolutely.
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I wouldn't be surprised if we reach parity with the yen.
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Save your Confederate money boys........you're gonna need it.