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2009-10-22 Economy

Watch the Dollar - Casey's Daily Dispatch

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Posted by Besoeker 2009-10-22 05:20|| || Front Page|| [1 views ] Top

#1 Of course, in time, as the inflation we see as inevitable kicks in, holding cash will be the last thing anyone will want to do.

Too many pensions to include Social Security are indexed to inflation. If you think SS takes up a hefty percentage of the budget, just wait and see what inflation will do to it then. Those governing will invoke Nixon's old wage and price controls before it gets rolling too high to protect their sorry asses. That will in turn lead to shortages, flatline any economy, and create a major black market, cutting tax revenue, particularly at state and local levels.

Posted by Procopius2k 2009-10-22 08:22|| 2009-10-22 08:22|| Front Page Top

#2 Anticipate empty shelves and more poor people. Good jobe dems. Equality is about making everyone more poor.

Posted by newc">newc 2009-10-22 09:56|| 2009-10-22 09:56|| Front Page Top

#3 Widespread bank insolvency is THE major issue now, and the rest of the government's shenanigans is to cover that up.
holding cash will be the last thing anyone will want to do Yup, time for me to buy all the commodities I will ever need for the rest of my life, and a bigger yard. And a bigger safe. And pray harder.

Posted by Anguper Hupomosing9418 2009-10-22 13:13|| 2009-10-22 13:13|| Front Page Top

#4 ..time for me to buy all the commodities..

I see a future in secure commercial storage property. Now if we can convert all those empty malls.....

Posted by Procopius2k 2009-10-22 17:32|| 2009-10-22 17:32|| Front Page Top

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