Comments on: Inflation Is Here – Just Open Up Your Eyes And Look At These 5 Financial Charts!

By: Visitor

Visitor — Mon, 18 Apr 2011 05:22:46 +0000

Schiff does not have a clue what is going to happen in the future and neither does anyone else. But many of the gloom and doomers sure think they know. They say this is going to happen and that is going to happen and some of them guarantee it and even give dates. And when their predictions turn out to be wrong they give some lame excuse as to why they were wrong. It is because of their stupidity that they lack creditability.

By: CitizenKate

CitizenKate — Sun, 06 Mar 2011 21:58:57 +0000

The Republican/Democrat, Right/Left paradigm is false and is just being used as a distraction to keep people embroiled in meaningless controversies. While we’re following their helpful guidance and watching our coats and hats, they and their cronies are eating our lunch. It is time for them to GET IGNORED.

I hope more people now-days are setting aside a few extra cans of food such as they and their families normally consume, and some sacks of rice and dried beans, all available from the grocery store and freshness dated with a little stamp on the bottom or on the side. A few pre-1965 US silver coins would be nice to store, and shouldn’t set folks back too much although the price is increasing. I would suggest some extra pairs of shoes in your size (rubber unit soles=petroleum products), socks (cotton’s going up, so are synthetics), and underwear (elastic=rubber) and store them in their packages. Also: Liquid soaps such as dishwashing liquid are often made from petroleum distillates and are going to get really expensive so stock up now before oil goes through the roof (rotate –these go bad). How about tires for your car? Rubber and petroleum again –if you think you’ll need new tires within the next few months you could order them from someplace like Tire Rack, have them sitting in your garage or your basement when it’s time to “re-tire,” and avoid the explosion in prices that is bound to occur. Are you trying to lighten your load so that you can move more easily should it become necessary? This would be a good idea, but if you need to sell some stuff don’t wait until unemployment’s so bad that nobody has any money –unload it now or you may end up giving it away. Being prepared, and developing appropriate plans of action in the case of one or more mostly-likely scenarios, are much more useful than despair and focusing on the false paradigm that has been spoon-fed to us by the mainstream media. If we really think inflation is going into overdrive we should all be buying ahead the things we think will increase the most in price.

By: TripodXL

TripodXL — Sun, 06 Mar 2011 20:48:22 +0000

I find it interesting that some people can’t do anything, except rant and rail against corporations and their tax rates, demanding higher taxes on them. The U.S. has one of the highest corporate tax rates in the industrialized world. The funny thing is, people, that apparently don’t have critical thinking skills, don’t realize that corporations DO NOT PAY TAXES! Oh, yes, they send in a corporate tax return and money, like I do, but the cost of the taxes is part of the cost of doing business and it is ALWAYS passed on to the people that purchase the products and services that corporations provide. Most businesses are in business to make a profit and businesses that don’t….well, they don’t do business after a while, because they are bankrupt. To be sure, there have been some very well articulated essays here describing the problem with fiat monetary systems, with which I agree. However, corporations are not the problem. The Fed was created by our CON-gress (research T. Roosevelt and his relationship with corporations and his push for this CB system) in 1913 by making corporations the scape-goats and espousing the needs of the government to have a “central bank” to “manage the money better” and “rein in the corporations”. Most of our forefathers vocally eschewed and condemed the concept of a CB and knew it would be abused at the detriment of the common populous, as is now evident. As for the corporations, they simply do what our CON-gress allows (forces) them to do and they do what it takes to stay in business and the system is subject to much abuse and corruption. Is it frustrating, yes, but everyone has to play the game the way it is done, or not be in business, providing the few jobs that remain. Get the financial framework of our country in order (get the gov’t out of it) and use real money and it will take care of itself. An inflation and debt based economy is the bane of true good business and a stable economic environment and is for the sole purpose of control of the masses for the benefit of the government and to provide the “welfare cocaine” of public assistance and entitlements that placate the masses. The central banking system allows deficit spending which funds these social services and this is the “true opiate of the masses”. Get your house in order. Eliminate all debt, buy commodities, both hard and soft both to have and hold as well as for investment. Live within your means. This finally sank in to me in 1999 and I did everything I could to get out of debt, save (real) money, buy commodities. I have a paid for house and 22 acres of land, a diversified nest egg, commodities for both reasons and a very low stress relaxed lifestyle. NO DEBT!!!

By: Republicae

Republicae — Fri, 04 Mar 2011 14:20:59 +0000

INGSOC

WAR IS PEACE
FREEDOM IS SLAVERY
IGNORANCE IS STRENGTH.

By: Davidm

Davidm — Fri, 04 Mar 2011 05:32:12 +0000

Inflation? What inflation? Bernanke says it does not exist. So I guess I will believe him and these government statistics. Ignore the prices in the stores!

By: Republicae

Republicae — Fri, 04 Mar 2011 02:18:53 +0000

How very strange that there are some who actually swallow the tripe that has been put out that it was the Republicans and the Republicans alone that helped facilitate this mess. The mess didn’t start in 2008, long before and it must be remembered that Congress has been in the hands of the Democrats many more times and for longer times than in the hands of the Republicans. Legislation by Congress, whether under the control of the Republicans or Democrats, tends to always cause problems which make politicians find other solutions to the problems their legislations created, this, in turn, creates more unintended consequences, more problems which again continue the cycle of “fix-it” legislation. The problems faced by this country stems for politically expedient “good-ideas” emanating from the minds of men and women in office who usually have no concept of economic law or constitutional principles. They are essentially, for the most part, the blind leading the blind and the American People, for some bizarre reason, still follow them as though they hold some expertise. I am constantly amazed at what I hear coming from Washington, D.C., it proves that not only does power corrupt and absolute power corrupts absolutely, but that shear stupidity mixed with such corrupting power is one of the most dangerous combinations on earth and it will ultimately cause the collapse of our economic, political and social system in this country.

By: SPECTRE of Deflation

SPECTRE of Deflation — Thu, 03 Mar 2011 12:18:41 +0000

american, you gave the keys to Democrats in Jan. 2007, and they spent $5 TRILLION DOLLARS propping up the banksters. The Republicans have had a majority in the House for all of a couple of months, so what the fook are you talking about?

By: rhea

rhea — Thu, 03 Mar 2011 11:20:52 +0000

It has been here, FED and government are just too blind to see. I don’t see and feel any bright spot in this economy. With $1 trillion in deficit, were going down under. Like I always say, Republican and Democrats, both have failed to stand up for the American people.

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By: mondobeyondo

mondobeyondo — Thu, 03 Mar 2011 02:02:29 +0000

In my humble opinion, it’s probably 85% inflation and 15% speculation.

Inflation tends to drive investors towards more stable items and commodities like gold, silver, oil, corn, wheat and so forth. Speculation is investors investing in commodities, hoping they’ll gain value faster than the currency will.

These commodities have value. It takes effort and energy to mine gold and silver, drill for oil, and plant crops. You cannot create a new gold or silver mine and mine more metals, or create a new cornfield and magically harvest corn. (There is a little bit of mining and drilling and plowing and harvesting involved. Physical effort.)

But the Federal Reserve can create dollars from thin air. It requires no physical effort or labor, other than punching a few numbers on a keyboard (ow, those fingers really hurt!) A U.S. dollar really has no value. Ever since Nixon took the dollar off the gold standard in 1971, it has only had as much value as the Federal Reserve and Treasury says it does. Need more dollars? Ben Bernanke waves his arms, and poof! More dollars into the financial system! (aka quantitative easing). This doesn’t work with corn, cotton or oil. When the CEO of Exxon or BP waves his hands, there is no new oil created. Oh damn! What did they do wrong?

There is nothing backing the dollar, and hasn’t been for nearly 40 years. Not gold, not copper, not wheat, not even tulips. The dollar has no backbone – no spine to hold it up. And without a spine, it’s going to eventually bend, break and collapse.

By: american

american — Thu, 03 Mar 2011 01:30:45 +0000

Peter Schiff is not getting my attention. We gave the keys to the republicans and they drove us into a ditch. Now he wants us to give them back?

Republicans seem to think we will give away our coutry to greedy corporations and the top elite.

No thanks Schiff.