lelgt60
Coming Next Year: Obama's Inflation
This is the headline of an article on the front page of dickmorris.com.
"In the last five months, according to the Federal Reserve Board, the money supply in the United States has increased by 271 percent. It has almost tripled."
But, this is the scary thing. I looked for the referenced Federal Reserve report. I couldn't find it. Yet, this story by Morris has gone viral and is now being repeated as "fact" on thousands of web sites.
Does anyone know what the real facts are?
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x8258026
I wanted to document the primitives saying inflation's not coming, because this one is going to come back to bite them big-time.
enough
5. Like a lot of other pundits, Morris has a simplistic notion of inflation.
What's amazing to me is that apparently anyone willing to open his mouth in public gets listened to.
orwell
7. Somebody's dreaming...
...maybe the toe-sucker needs to study up on deflation.
Inflation with 8+% unemployment and collapsing capacity utilization?
I don't think so.
Get a brain Moran...
He said next year inflation is coming, not now, moran.
asphalt.jungle
8. take comfort in the fact that he's always wrong
if dick morris is predicting massive inflation, then you should be worried about massive deflation.
oh and did the word "dick" become a pejorative before it became the nickname for people name richard or did it become a pejorative because so many people with the nickname dick have been so contemptible?
When it comes to the understanding of economics, this primitive is one of the most intelligent on the island. The only one's smarter are the ones' who think their chances of winning the lottery are 1:1.
GreenTea
9. And Clinton raising taxes on the rich would bring 20% interest rates, same old republican lies & fear mongering.
And we'll be hearing this bullshit about Obama again & again by the republican talking heads hoping it will stick....Remember, they want Obama to fail.
Had Clinton not been reigned in by the R's taking the House in the '94 election, strong possibility we were headed that way.
Odin2005
11. Libertarian nitwits are always predicting government-caused hyperinflation that never comes.
hey are like the Marxists that think The Revolution is just around the corner, Freeper idiots that think we are about to take their guns and put them into concentration camps and DUers saying that an attack on Iran was immanent constantly.
The fact is that we need a bit of inflation to counteract the deflationary forces that are now upon us and we know how to do that, print money. That is why Bernanke talked about dumping money out of helicopters, deflation needs to be avioded.
That's about the worst made-up explanation I've ever heard. And Benanke's comments about dropping money from helicopters had to do with the funding of SS with the Baby Boomers coming of age.
OK primitives, listen up and I'll explain it to you. Make sure you bookmark this.
Your lovely Dems are looking to artifically pump $4 trillion into the economy this year. After you've committed to doing that, you can't just let it fall apart in the next year, you have to keep it propped up. That means in 2010, your lovely Dems will have to inject a minimum -- a minimum-- of another $2 trillion. That's a minimum of at least $6 trillion in just 2 years. It typically takes around 18 months (give or take) for money artifically injected into the economy to fully materialize, so the money that Hussein has injected in will start showing up as inflation around summer of 2010. The hyper-inflation will happen towards the end of next year. And by hyper-inflation, I mean anything over 5%. Normal inflation is around 2-3%, so doubling it is hyper. We get into double-digit like under Carter, that's hyper-inflation on steroids. Regardless, as inflation hits people are going to be PO'd..... at Hussein and the Dems, and rightfully so.
As far as elections go, the inflation may not hit hard and fast enough for the R's to take back the House and/or Senate in 2010. But come 2012, when it's in full swing, and has been for the past 2 years, people will be ready to string you idiots up from the nearest tree they can find, so watch out. That's one reason Hussein is so anxious to push through as much junk as he can now, because when the economy really turns bad, he's going to have major opposition. Whether he gets a second term or not is hard to tell, he is a good campaigner when it comes to convincing the non-thinking cult members like the primitives (pardon the redundancy), I'll give him that. It's just a matter if the R's can find someone who will match up and state the clear message of economic conservatism and social issues on which the country was founded.
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