Thursday, March 13, 2008

Inflation & America's faltering economy

Pretty accurate reporting: Inflation is a threat, prices are rising fast, the dollar is falling hard (record lows), and the US economy is faltering, but they completely fail to address the underlying reason for many of these problems--too much cheap/easy credit used to blow up the housing bubble (a bubble engineered by Greenspan to replace the popped tech/stock market bubble), followed by excessive monetary printing/injections to bail out our collapsing banking/financial system -- a valiant effort to keep the game going a bit longer.

I'm afraid however, as the economic fallout from our massive housing/credit bubble continues, Gvt bailouts will pick up steam...

The inflation wave we're seeing today (early 08) is merely just the beginning... I suggest you hold on to your hats and wallets--because this thing is going to get quite nasty over the coming months/years.

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2 Comments:

At 3/14/2008 7:38 AM, Blogger Matt said...

"On the day the North American Monetary Union is created - perhaps on January 1, 2010 - Canada, the United States, and Mexico will replace their national currencies with the amero." - Herbert G. Grubel, "The Case for the Amero," 1999.

The dollar is at an all time low. It seems to hit a new low every day. Greenspan is out around the world telling other countries to dump the dollar (http://www.gata.org/node/6035), while we are continually lied to here in this country about the dollar. Gold is at an all time high. So is oil. Predictions are that food prices will rise dramatically (http://www.time.com/time/world/article/0... Don't think we won't feel it here. Our national currency that is being destroyed by design. So... are you ready for the amero?

Love the blog, I check it every day checking for a new post. Keep it up!

 
At 3/14/2008 5:05 PM, Blogger Randy said...

Appreciate the comments Matt.

I agree completely, but have a very difficult time comprehending why so few can see the end-game

Randy

 

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