Hyperinflation-The Next Shoe To Drop

[pelathais]

Save these posts, and we'll see.

The hyperinflation in the Wiemar Republic was fueled by the greedy and needless reparations that the French demanded at the end of WW1. To pay that debt the Germans simply printed paper and didn't care about anything else. After the "betrayals" that led to revolution, collapse and their surrender in 1918, they became very nihilistic.

We've been "paying" our foreign debt with T Bills and derivatives, "funny money" that doesn't directly impact our economy, but whose worth is very dependent upon a healthy US economy.

The Obamara has only just begun. On the eve of his visit to Canada, Russian long range nuke bombers "strayed" toward Canadian airspace until Canadian fighters escorted them back out to sea. How's that for "testing" the new guy. Obama did very little to support our Ukrainian allies last month - of course he was still just getting his feet wet, but the Russians were looking.

We still control our own future here. If everyone goes running into the streets in a panic the we will have panic. If everyone simply knuckles down and works a little harder the we will profit. All of this fear mongering actually plays into the hands of those who would love to take control of your lives.

Our Dispensationalism also makes a number of things almost predictable. If we truly believe that a dictatorship is inevitable, then guess what we're going to get? Good people will drop out and cocoon in their bunkers and the bad guys will take over.

You'll get your "Tribulation" and all - except for some reason you just won't be able to make Jesus come back like you thought He was supposed to. So you and the good people you failed to support will all be herded together for "re-education" and/or extermination. There will be no one to blame but yourselves.

And in the new world that will arise, people will ask "Jesus Who?"

[Felicity]

I think some hard times might do America good. It's time people wake up - in more than one regard.

[mizpeh]

Who said anything about dispensationalism, Pel? No one mentioned eschatology.

How about simply learning from the past?

[Jason B]

I'm no economic expert, but I do work as an executive for a grocery chain in Texas, and have alot of knowledge on upcoming pricing trends. For the most part food prices will not be rising much in the near future.

[pelathais]

Originally Posted by mizpeh

Who said anything about dispensationalism, Pel? No one mentioned eschatology.

How about simply learning from the past?

That would be the preferred method, but...

The talk did include the apocalyptic tone of stocking up food supplies. Nobody mentioned a bunker or compound, per se; but that comes right after we git our women corralled.

Dispensationalism is the preferred eschatology among Apostolics, especially among those who have to look up the word to see what it means. There is a dire mindset that comes with this teaching - one that I think most Dispies try to avoid, but the language is rife with anti-social jibes and a gloom "ho-hum, the world's going to end" kind of mentality.

I try to make it a point to speak out against those tendencies. We need each other and we need the political strength that comes from our numbers. If the enemy (or even we ourselves) can get us to divide up into little isolated subsets and sub-sects then they can easily pick us off one by one.

There's going to be a "Morning After..." whether we can hold on through the night or not. So, let's dust ourselves off, git the women out of the corral, share the Raman with a food bank and march bravely into our destiny.

[mizpeh]

Can I be post trib and not be a dispensationalist?


Just curious Pel, where does the "women in the corral" phrase come from? Was that on the Posieden Aventure too?

[EA]

Originally Posted by pelathais

That would be the preferred method, but...

The talk did include the apocalyptic tone of stocking up food supplies. Nobody mentioned a bunker or compound, per se; but that comes right after we git our women corralled.

Dispensationalism is the preferred eschatology among Apostolics, especially among those who have to look up the word to see what it means. There is a dire mindset that comes with this teaching - one that I think most Dispies try to avoid, but the language is rife with anti-social jibes and a gloom "ho-hum, the world's going to end" kind of mentality.

I try to make it a point to speak out against those tendencies. We need each other and we need the political strength that comes from our numbers. If the enemy (or even we ourselves) can get us to divide up into little isolated subsets and sub-sects then they can easily pick us off one by one.

There's going to be a "Morning After..." whether we can hold on through the night or not. So, let's dust ourselves off, git the women out of the corral, share the Raman with a food bank and march bravely into our destiny.

You know, I'm used to the mockers Pel. Get in line.

I remember talking (on AFF) about a coming recession a year and a half ago, and getting laughed to scorn.

This is reality, Pel. Get used to it.

America as we knew it is already gone.

I have no idea if the "world is going to end" and I haven't brought prophecy into this discussion at all. You have assumed entirely too much.

Is Warren Buffet a "doom and gloomer?" George Soros? Ted Turner?

Every single government agency that deals in economics paints a "doom and gloom" picture for years to come.


Only a fool or insane person ignores reality, and refuses to prepare for his future.

[EA]

Originally Posted by Jason

I'm no economic expert, but I do work as an executive for a grocery chain in Texas, and have alot of knowledge on upcoming pricing trends. For the most part food prices will not be rising much in the near future.

I agree.

Deflation is occuring right now.

Hyper-inflation will follow unless Obama enacts a few more socialistic economic policies.

[James Griffin]

There are two more blows coming to the US economy which combined will dwarf the sub-prime debacle.

Usually I dig things out on my own, this time I had help. As a member of the Association of Certified Fraud Examiners, and Bar of Texas, I can access the discussions in the ACFE and the State Section of Consumer Law which give a heads up on what is coming.

The usual estimate of loss on the sub-prime is around 905 billion.

The coming attractions

1. Defaulted consumer credit

2. Alt A mortgages.

Defaulted consumer credit- With years of granting easy credit to people who were not really credit worthy, and then passing laws making these debts NOT able to be discharged by bankruptcy, the scene is set for yet another disaster. Companies like Sears have been losing money from their brick and mortar for years. Their only profit center, bringing in commercial paper from easy term (no payment for 12 months etc) FICO challenged individuals and factoring that paper to third party collectors. When that collaspes even more blue chip defaults, conservatively estimated at 915 billion.

Alt A mortgages- the loans between prime and sub-prime. These are loans made to individuals and small businesses which would qualify for prime except they couldn't quite come up with documentation. Example self employment income, or not documenting the collateral in startups. As a further ripple effect through the economy, combined with unheralded outright fraud, this market will collapse. Estimated short fall, conservatively over twice the sub-prime, or 2 trillion or better.

They are not the only landmines left but they are a couple of the most imminent.

So the government has a classical Morton's fork. Allow large scale collapse of much of the marketplace or print worthless money to throw at the problem, causing unbridled inflation.

Correct management could head off a worldwide multi-year depression, but the steps being taken will make the situation worse not better.

I am all for a stimulus plan. Creating jobs to rebuild infrastructure is actually a great idea. However, in the current plans real stimuli are buried under mounds of pork barreling and insane expansion of pure welfare programs. Both of which will add to further weakening of the economy.

[Praxeas]

Originally Posted by Edward Anglin

You know, I'm used to the mockers Pel. Get in line.

I remember talking (on AFF) about a coming recession a year and a half ago, and getting laughed to scorn.

This is reality, Pel. Get used to it.

America as we knew it is already gone.

I have no idea if the "world is going to end" and I haven't brought prophecy into this discussion at all. You have assumed entirely too much.

Is Warren Buffet a "doom and gloomer?" George Soros? Ted Turner?

Every single government agency that deals in economics paints a "doom and gloom" picture for years to come.


Only a fool or insane person ignores reality, and refuses to prepare for his future.

I don't remember anyone laughing you to scorn. We sure have a lot of pariahs on this board lol