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2,826 hits 2.3 (3 votes) Share Favorite | Flag 8 years ago by Raisinman

Does the prospect of hyper-inflation in America due to Quantitative Easing and other mechanisms for monetary expansion employed recently concern you?
All over the world, people are rioting because the cost of living is getting to be too high for the middle class to afford.


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8 yrs ago, 6 mos ago - Friday 5/20/11 - 11:51:08 AM EST (GMT-5)
Tell me about it...here in Canada, I have what's considered a good job and I can barely afford a two bedroom apartment...sucks here now.
8 yrs ago, 6 mos ago - Friday 5/20/11 - 5:18:43 PM EST (GMT-5)
things just keep getting worse and worse
8 yrs ago, 6 mos ago - Friday 5/20/11 - 10:13:37 PM EST (GMT-5)
8 yrs ago, 6 mos ago - Friday 5/20/11 - 11:39:31 PM EST (GMT-5)
On Friday 5/20/11 - 10:13:37 PM ozmachic wrote:
No. [link]

Everytime I see your avy I think of:
8 yrs ago, 6 mos ago - Saturday 5/21/11 - 12:28:03 PM EST (GMT-5)
On Friday 5/20/11 - 10:13:37 PM ozmachic wrote:
No. [link]

umm, go look at the CPI and tell me your concerned about deflation. Inflation is definitely taking hold right now, with the CPI up more than 2% since the beginning of the year. Hyperinflation though, will only occur if the world's governments decide to stop trading in a currency that is being continuously devalued. If (some say when) that happens, we're f*cked.
8 yrs ago, 6 mos ago - Saturday 5/21/11 - 11:14:51 PM EST (GMT-5)
@Spoonerism:
Thanks

@Raisinman:
The article examines why quantitative easing is ultimately not the reason for hyper-inflation. I don't necessarily agree with it regarding deflation- it's just part of the article.
8 yrs ago, 6 mos ago - Saturday 5/21/11 - 11:19:45 PM EST (GMT-5)
it's just manipulation of the financial system to keep doing the same ol' thing: make the rich richer and the poor poorer

why should I be especially worried now? people have been getting killed by capitalism for a few hundred years now...it's not any more pressing now than it has been before.
8 yrs ago, 6 mos ago - Saturday 5/21/11 - 11:24:21 PM EST (GMT-5)
On Saturday 5/21/11 - 11:19:45 PM Kungfullama wrote:
it's just manipulation of the financial system to keep doing the same ol' thing: make the rich richer and the poor poorer why should I be especially worried now? people have been getting killed by capitalism for a few hundred years now...it's not any more pressing now than it has been before.

Saw an interesting documentary the other day called The One Percent. It's about really wealthy people and their greed and desire to continue to accrue more and more wealth even as it means stepping on the poor to do so.

Very anecdotal though, not much in the way of interesting analysis.
8 yrs ago, 6 mos ago - Sunday 5/22/11 - 5:45:15 PM EST (GMT-5)
On Saturday 5/21/11 - 11:19:45 PM Kungfullama wrote:
it's just manipulation of the financial system to keep doing the same ol' thing: make the rich richer and the poor poorer why should I be especially worried now? people have been getting killed by capitalism for a few hundred years now...it's not any more pressing now than it has been before.

Because the international community is seriously considering a shift away from relying on the dollar as the basis for international trade. A move they that they would make because of monetary expansion to weaken the dollar. A move that would cause the dollar to lose tremendous value in a very short amount of time, because the value of a currency is based on supply and demand like everything else, and the dollar's status as the world reserve currency presents an artificially high demand.
8 yrs ago, 6 mos ago - Friday 5/27/11 - 12:38:52 AM EST (GMT-5)
no. Unions are the problem, of course.



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