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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (525761)	12/8/2012 3:15:52 PM
From: D. Long	2 Recommendations Read Replies (1) \| Respond to of 794517

This is one of the driving reasons for why I bought a house this year. I'll have a hard asset, with the mortgage inflated away, with a fixed 30 year monthly payment low enough that I can afford to take an inflation-hit to my income and still do fine. The tsunami has to come eventually. I just can't believe we haven't gotten it yet with all the money pumping.

To: LindyBill who wrote (525761)	12/8/2012 8:48:51 PM
From: Nadine Carroll	4 Recommendations Read Replies (2) \| Respond to of 794517

I have also heard arguments that the Fed is using the new money supply to recapitalize the banks, so a lot of the new money is not going into general circulation so it's not inflationary. Like anything else, that trick will work until it doesn't.

To: LindyBill who wrote (525761)	12/9/2012 4:24:27 PM
From: Copeland	4 Recommendations Read Replies (1) \| Respond to of 794517

Re: The inflation cliff I think it's going to come sooner than that. In 1976, the bicentennial, we were $600 billion in the hole. 200 years to accumulate $600 billion in debt, much of which was still largely owned by the American public. Now we're accumulating debt at a rate of $600 billion every six months, in large part funded no longer by China, but by the Federal Reserve. This can't end well. The rampant spending needs to end. Unfortunately, austerity here means global pain.