Quote:
Originally Posted by MRM
There won’t be an inflationary effect. Experience has shown that an increase in money supply doesn’t result in inflation. The Fed has been doing its best to trigger inflation by printing (and inventing) money for years, with no effect. Inflation is caused by a lack of confidence in the economic and political system and the market’s collective belief that prices will be higher tomorrow so spending today is a form of savings. For the foreseeable future there is confidence in our economy and an expecting that prices will be stable or lower. The bigger risk is deflation, triggered by technological improvements and the declining need for labor.
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And I thought you were smarter than that...My GAWD MRM you had me fooled...but in the end you are no smarter than the rest of the monkeys on this Board..
There can't be HYPERINFLATION if NOBODY HAS ANY MONEY TO BUY ANYTHING..When 5M households in the USA are facing EVICTION come the first of the year and DO NOT have money to buy food.. the nations economy is in serious shyte.
When that tsunami hits it is gfoing to ripple right through the economy like a sledge hammer. Apx 40% of small businesses are saying they are NOT GOING tzo REOPEN..
CV in the end is not the causation for the economic collapse, the REALITY is that the US was INSOLVENT and the slightest push woulda done the US in...
The FED on one hand tells ya that they are going to keep printing 120B a month and keep interest rates near ZERO until they get to that 2% inflation rate and have "full employment ." WHICH MEANS NEVER EVER.. Then on the other hand they tell ya everything is robust..and or swell...
THE MOTIVATION as to WHY THEY ARE TELLIN YA IT IS ALL SWELL...is that they DO NOT WANT TO STAMPEDE THE HERD... The reason for the motivation is that the situation is so dire that the economic system is one breath away from collapse. Otherwise logically they wouldn't be tellin ya it is swell. ...
But you Boyz buy into the lies..you want to believe because you can't face reality.
Now MRM says the USD is stable...That is like Custer saying there are not any Indians down in the valley...
two things of note..
1. The USD has been in decline on the FX since November
2. The overnight SP Futures since
March have been trading exponentially higher off the Asian markets..during the business day the SP has traded almost flat. So thinner trading volume has pushed Equities higher..So what is going on there.. Could it be that all of those USA Trade Deficit USD's are being repatriated because the Chinese want to buy something of value in face of the decling value of the USD. The take is THEY DO NOT WANT TO BE STUCK HOLDING USD's.
The ADVERSE SHIFT is taking place and the worm has turned on the USD where the exodus has begun. When that hits the US economy will cease to be. You then can claim that you had more fun in he11.
The real economy has ceased to function it no longer exists it is all smoke and mirrors.. JUst printing and borrowing keep the lights on until the suckers wise up and figure out the USA is insolvent and the money isn't worth anything..Then every asset you have vanishes into the thin air it is, except for Gold, Silver Guns and Ammo.. Those are real tangible assets which you can hold in your hand.