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View Full Version : Another perspective on the inflation issues.


Sanchek
11-25-2008, 05:35 PM
http://finance.yahoo.com/expert/article/richricher/124339;_ylt=At7YmdaTs0lK6uCCS.c8Hua7YWsA

There are three major problems with the events of 1913, 1944, and 1971. The first is that the Fed, the World Bank, and the IMF are allowed to create money out of nothing. This is the primary cause of global inflation. Global inflation devalues our work and our savings by raising the prices of necessities.

For example, when gas prices soared, many people said that the price of oil was going up. In reality, the main cause of the high price of oil is the decreasing value of the dollar. The Fed, the World Bank, and the IMF, like Zimbabwe, are mass-producing funny money, thereby increasing prices and devaluing our quality of life.

People see the dollar rallying and think that inflation must not be so bad. What they don't understand is what it's rallying against: other inflating currencies.

Malse
11-25-2008, 07:26 PM
In addition, the massive amount of money fabricated in the last four months to buoy the dollar back up is going to have far reaching consequences when it comes due, so to speak. All prices on nearly everything are currently rigged, and the market will eventually account for that -- and not in much of anyone's favor.