2030 Bad news?

[matriculated]

2030?
Its much closer then that... once the US bails out the rest of Europe secretly, inflation will skyrocket, it is around 12% now. This will drive up the cost of everything and food will become hard to find.
If you dont stop the FED this will happen, a Vote for Ron Paul is a vote for America and the cause of liberty!

Are you Prepped?

Current inflation rate is 2.9 percent, exceedingly low by historical standards. The 12% number is fairy tale material.

http://www.usinflationcalculator.com/in ... ion-rates/" onclick="window.open(this.href);return false;

Do you honestly believe everything you read?

The proof on inflation is at the gas pump and at the grocery checkout lines.

Anygunanywhere

http://inflationdata.com/inflation/imag ... _chart.htm" onclick="window.open(this.href);return false;

http://www.tradingeconomics.com/united- ... lation-cpi" onclick="window.open(this.href);return false;

http://www.inflation.eu/inflation-rates ... tates.aspx" onclick="window.open(this.href);return false;

They can't all be lying, unless we believe there is some grand conspiracy going on. We've measured inflation in this same way for some time, so this isn't some newfangled way of measuring it to deceive the public. The fact is that inflation is low, and I've read plenty of non-doom-forecasting economists who say that higher inflation right now would not only not hurt the economy, but would in fact help it. First, it would make American exports cheaper overseas, thus closing the gap some on our huge trade deficit and spurring more manufacturing. Second, it would lighten the debt burden on individuals and companies and allow them to spend more money, stimulating the economy. There simply isn't enough consumer spending going on right now to cause any kind of inflationary death spiral. Like i said earlier, energy and food prices are stripped out of the core CPI and aren't really reflected in the inflation rate, but this is the way we've measured it for quite some time. Oil and gas prices are susceptible to pressures that have nothing to do with the economy (sabre rattling with Iran and Israel, for example), and obviously when oil prices go up, so will gas and food prices. Oil goes down, so should food. Or not. I've noticed how those higher food prices tend to stick. Maybe it's a conspiracy?

[sjfcontrol]

18 years!! I'm not at all sure we'll survive the next four!!

This is all just reconstituted "Population Bomb" stuff from the '70's. Also a period where we were all going to die in 10 years from Global Cooling -- seriously!

[WildBill]

18 years!! I'm not at all sure we'll survive the next four!!

This is all just reconstituted "Population Bomb" stuff from the '70's. Also a period where we were all going to die in 10 years from Global Cooling -- seriously!

I thought it was because we were going to run out of energy and food.

[sjfcontrol]

18 years!! I'm not at all sure we'll survive the next four!!

This is all just reconstituted "Population Bomb" stuff from the '70's. Also a period where we were all going to die in 10 years from Global Cooling -- seriously!

I thought it was because we were going to run out of energy and food.

Not sure of your point -- what's "it"?

To be clear, I was making two observations, one regarding "The Population Bomb" (energy, food, space, etc.), and also that during the same period we were all going to die from "Global Cooling" due to atmospheric pollution blocking a (small) percentage of the sun's radiation, causing a "Nuclear Winter".

[WildBill]

18 years!! I'm not at all sure we'll survive the next four!!

This is all just reconstituted "Population Bomb" stuff from the '70's. Also a period where we were all going to die in 10 years from Global Cooling -- seriously!

I thought it was because we were going to run out of energy and food.

Not sure of your point -- what's "it"?

To be clear, I was making two observations, one regarding "The Population Bomb" (energy, food, space, etc.), and also that during the same period we were all going to die from "Global Cooling" due to atmospheric pollution blocking a (small) percentage of the sun's radiation, causing a "Nuclear Winter".

The point is that if the Population Bomb stuff from the 70s was true we would all be dead and wouldn't be having this wonderful conversation.

[sjfcontrol]

18 years!! I'm not at all sure we'll survive the next four!!

This is all just reconstituted "Population Bomb" stuff from the '70's. Also a period where we were all going to die in 10 years from Global Cooling -- seriously!

I thought it was because we were going to run out of energy and food.

Not sure of your point -- what's "it"?

To be clear, I was making two observations, one regarding "The Population Bomb" (energy, food, space, etc.), and also that during the same period we were all going to die from "Global Cooling" due to atmospheric pollution blocking a (small) percentage of the sun's radiation, causing a "Nuclear Winter".

The point is that if the Population Bomb stuff from the 70s was true we would all be dead.

Same with Global Cooling. Same people, same (updated) message.
That's why I no longer pay much attention to "the sky is falling" Al Gore types. (Not that I ever did...)

[Oldgringo]

Good luck, y'all.

I expect to be long by 2030. Keep a stiff upper lip, buckos and bucketts.

[smoothoperator]

Good luck, y'all.

I expect to be long by 2030. Keep a stiff upper lip, buckos and bucketts.

Like a woodpecker, my friend.

[GeekDad]

Current inflation rate is 2.9 percent, exceedingly low by historical standards. The 12% number is fairy tale material.

http://www.usinflationcalculator.com/in ... ion-rates/" onclick="window.open(this.href);return false;

Yea?
See how that works out for you at the grocery store or the gas station........

Inflation is measured using the core CPI (consumer price index), which strips out volatile prices such as energy and food. I'm aware of the gas pump pain. Had to endure some of it this morning.

That GDP measurement includes the government spending... which is not a true representation of the market. The FED prints money out of thin air with no backing cause the congress needs money to spend. They spend that money at current price index. Once the market start the circulation of the new currency printed the wheel slows down some more due to the new weight of currency in the market.

Do you remember Germany after WW1, they printed all this money up out of thin air to pay for their war debts to the other nations. You should go read about some of those stories... that is what is slowly happening to the American economy due to the FED not being controlled by congress. The only reason the dollar has yet to drop just yet is because the dollar is so intertwined with Global economy. Dollar falls the world falls. Why do you think we are going to war with Iran... Terrorist? Weapons of Mass Destruction? The though of ONE country getting ONE nuclear weapon, when the do not even have the resources to refine enough gasoline to power that nuclear weapon? no its because Iran is making a global statement saying they want payment in Gold not dollars for oil cause they know its failing.

Look at what China,Russian and India are doing along with a few other smaller countries... they are trying to start a global influence with their currency so they survive a dollar crisis. Everyone around you is expecting this and you believe some MSM nut job telling you everything is fine... If their is one thing I know about the MSM... when they say up it means down, when they say left it means rights.

They changed the way inflation was measured in the 90% to give the FED a pass when it came to true inflation measurement... you are looking at the wrong figures my friend, the price of Gold should tell you that.

[GeekDad]

If even an ounce of this is truth environmentalist should be jumping for joy all they have to do is wait out the next twenty years and they will have what they want

These bastards piss me off even more... the ones that are saying we want $5.00+ gas prices so people won't drive their cars, bunch of ignorant morons that do not realize how food gets to their groceries stores...

[matriculated]

EDIT: I initially responded to your very short post but after checking back I can see that you've edited your post to include a longer explanation of your views, so I'll now respond to that:

That GDP measurement includes the government spending... which is not a true representation of the market.

What GDP measurement? I didn't bring up any GDP numbers.

The FED prints money out of thin air with no backing cause the congress needs money to spend.

Yes, the Fed can print money, that's sort why it was invented. But it doesn't print money because Congress/government need that money to spend. The government can just borrow money if it doesn't have enough to cover expenditures. The reason why the Fed would print money in a situation like this is because the economy is still way too slow compared to where it could be. So the Fed prints more money, buys up private and long-term public bonds in order to decrease their long-term yield, thus expanding the monetary base by buffing up banks' capital holdings and decreasing further the cost of government bonds. This process is known as "quantitative easing," and the Fed's done it twice now since the start of the recession in an attempt to indirectly stimulate the economy. This indirect approach isn't the best ammo that the Fed has, but it already spent its best shots by holding interest rates at 0% for so long. Holding interest rates at 0% is considered an emergency measure under normal circumstances, and doing it for this long under normal circumstances would cause the economy to go into overdrive and inflation to skyrocket. But these aren't normal circumstances. This is still a sluggish recovery and steps like quantitative easing are meant to accelerate it. There is no risk of hyperinflation at all, which is what I assume you're afraid of. This isn't a hot economy, and besides as you pointed out, the dollar is the world's reserve currency, so that gives us significantly more leeway to maneuver than any other country in the world. The Fed officially has a dual mandate: to hold prices stable and ensure maximum employment. Unofficially, we know it's done way more than that, including bailing out other countries central banks. But why would it do that? You obviously think it's for nefarious reasons, but I think because the Fed's in the business of maintaining financial stability. If other major industrialized countries' banking systems started collapsing, the US wouldn't be far behind. We operate in a global system where we're all interconnected.

Once the market start the circulation of the new currency printed the wheel slows down some more due to the new weight of currency in the market.

Actually it's the complete opposite. Expanding the monetary base has a stimulative effect on the economy, and the only fear, under normal circumstances, is that the economy doesn't get too hot. That's clearly not happening now. We just came out of a recession and the real fear is falling back into recession and deflation, not inflation. A certain level of inflation is not only tolerable, but necessary for a healthy economy to function.

Do you remember Germany after WW1, they printed all this money up out of thin air to pay for their war debts to the other nations.

That's just fear-mongering. These aren't the 30's and we're not Germany. The analogy doesn't apply for so many reasons. Just read above and below.

They changed the way inflation was measured in the 90%

Sorry, but the syntax of that sentence makes it incomprehensible to me. Care to rephrase?

you are looking at the wrong figures my friend, the price of Gold should tell you that.

Ah, but of course. You did say you were a Ron Paul guy, so I knew the gold thing was coming sooner or later. You're wrong. I'm looking at the right figures. The inflation rate is 2.9 percent. You still haven't explicitly explained how that's wrong, or attempted to support the ridiculous 12% claim. I've provided 4 sources so far, but I have hundreds of sources if needed, since they all say the same thing. Since, you know, it's the truth.

[Heartland Patriot]

Sounds like an overdose of Malthus with Marx as the cure...yep, one of those cases where the cure is worse than the supposed disease...attention liberal progressive leftists: YOU WILL NEVER GET TO LIVE LIKE DEMIGODS IN A PARK-LIKE UTOPIA!...that is all. I now return you to your regularly scheduled programming...

[FishInTx]

WE'RE ALL GONNA DIE!!!!!

[matriculated]

WE'RE ALL GONNA DIE!!!!!

Sooner or later. Well, unless you're a zombie. When the Zombie Apocalypse comes, it might be a good idea to let a zombie nibble on your arm a little so you can get some of that undead juice in you.

[Oldgringo]

WE'RE ALL GONNA DIE!!!!!

That's a fact, nobody gets out alive.

See ya'.....