Looks like Glenn Beck is right on Inflation

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Inuyasha
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18 Apr 2011, 6:32 pm

pandabear wrote:

Congratulations on actually reading something that didn't come from Fox News or another trashy source.

Still, your article doesn't suggest inflation.

....

Actually it does, and I have posted stuff from WSJ before.

skafather84
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18 Apr 2011, 6:34 pm

Inuyasha wrote:

pandabear wrote:

Congratulations on actually reading something that didn't come from Fox News or another trashy source.

Still, your article doesn't suggest inflation.

....

Actually it does, and I have posted stuff from WSJ before.

Normally from the Op-Ed section which is vastly polluted with News Corpse rhetoric and objectivist philosophy.

And don't forget that WSJ IS owned by News Corpse.

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Inuyasha
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19 Apr 2011, 12:14 am

skafather84 wrote:

Inuyasha wrote:

pandabear wrote:

Congratulations on actually reading something that didn't come from Fox News or another trashy source.

Still, your article doesn't suggest inflation.

....

Actually it does, and I have posted stuff from WSJ before.

Normally from the Op-Ed section which is vastly polluted with News Corpse rhetoric and objectivist philosophy.

And don't forget that WSJ IS owned by News Corpse.

Quite frankly, you wouldn't admit he was right even if it was in the history books 10 years later proving Beck was correct.

pandabear
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19 Apr 2011, 9:52 am

Inuyasha wrote:

Quite frankly, you wouldn't admit he was right even if it was in the history books 10 years later proving Beck was correct.

No, no. If Mr. Beck proves right, and a loaf of bread achieves the predicted price level in December, then we will all eat our hats and become enthusiastic Glen Beck supporters. We'll even put on cheerleader uniforms, and do our Aspie best to put on some sort of gymnastic display. On Youtube, so that the entire world may mock us.

Also, the WSJ article was talking about our government's falling credit-worthiness, not inflation.

Inuyasha
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19 Apr 2011, 10:00 am

pandabear wrote:

Inuyasha wrote:

Quite frankly, you wouldn't admit he was right even if it was in the history books 10 years later proving Beck was correct.

Okay here is the thing if government can't get any more loans to pay for their insane spending they will have to hike taxes to insane levels (which still wouldn't pay for the insane spending), and/or default. This would cause the value of the dollar to plunge.

Then we have the gas price issue you know they are predicting $5 a gallon gasoline, that will cause price hikes for just about everything, which is also inflation. (The Government conveinently doesn't count when it figures inflation)

Then you have the Fed Monatizing the Debt and the Government printing large amounts of money (and not simply to replace old bills that are falling apart).

We have all of these in play at the same time and all of these are major factors that cause inflation.

ruveyn
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19 Apr 2011, 10:03 am

On top of everything, Standard & Poor is about to downgrade U.S. Credit. We may yet be unable to borrow enough to cover the foolish expenses the government ordains.

ruveyn

Inuyasha
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19 Apr 2011, 10:06 am

ruveyn wrote:

On top of everything, Standard & Poor is about to downgrade U.S. Credit. We may yet be unable to borrow enough to cover the foolish expenses the government ordains.

ruveyn

In summary, these are all factors that make Glenn Beck's prediction not only plausible but quite likely to actually come true (especially when they are all combined).

zer0netgain
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19 Apr 2011, 1:39 pm

Inuyasha wrote:

ruveyn wrote:

On top of everything, Standard & Poor is about to downgrade U.S. Credit. We may yet be unable to borrow enough to cover the foolish expenses the government ordains.

ruveyn

In summary, these are all factors that make Glenn Beck's prediction not only plausible but quite likely to actually come true (especially when they are all combined).

Beck might be right, he might be wrong.

Simple reality every person should know.....

Historically, the establishment DOES NOT notify the common man of what is really going on until it is too far underway to continue repressing the truth.

When the stock market crashed in the '30s, wealthy people pulled out their money while everyone else was told "all is well." If the economy was going to implode, every expert saying so is vilified in favor of people upholding the status quo. In a disaster, they know they provide for everyone, so the elect few with favor are warned while others are allowed to drown in the coming flood.

With this knowledge, I always pay more attention to the people I'm told to ignore and listen carefully for what the mainstream press DOES NOT say rather than what they do say.

Words are so easily manipulated to sell lies.

Inuyasha
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19 Apr 2011, 3:09 pm

zer0netgain wrote:

Inuyasha wrote:

ruveyn wrote:

On top of everything, Standard & Poor is about to downgrade U.S. Credit. We may yet be unable to borrow enough to cover the foolish expenses the government ordains.

ruveyn

In summary, these are all factors that make Glenn Beck's prediction not only plausible but quite likely to actually come true (especially when they are all combined).

Agreed, and the facts support Glenn Beck's statements.

zer0netgain wrote:

When the stock market crashed in the '30s, wealthy people pulled out their money while everyone else was told "all is well." If the economy was going to implode, every expert saying so is vilified in favor of people upholding the status quo. In a disaster, they know they provide for everyone, so the elect few with favor are warned while others are allowed to drown in the coming flood.

There were quite a few rich folks that got hosed too, but I agree with the general jist of what you are saying.

zer0netgain wrote:

With this knowledge, I always pay more attention to the people I'm told to ignore and listen carefully for what the mainstream press DOES NOT say rather than what they do say.

Agreed, and that is why I didn't just dismiss Beck out of hand and actually did my own research.

zer0netgain wrote:

Words are so easily manipulated to sell lies.

Recent example would be the Tuscon Shootings.

pandabear
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19 Apr 2011, 5:46 pm

Inuyasha wrote:

Agreed, and the facts support Glenn Beck's statements.

They most certainly don't, but I'm willing to see what happens come December.

Inuyasha
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19 Apr 2011, 5:53 pm

pandabear wrote:

Inuyasha wrote:

Agreed, and the facts support Glenn Beck's statements.

They most certainly don't, but I'm willing to see what happens come December.

Again though it depends on whether or not things continue their downward spiral due to the Democrats. If Republicans can force the issue and force major cuts in spending to actually bring the deficit under control, then Beck's prediction will not come true because the variables have changed.

Telekon
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19 Apr 2011, 6:12 pm

Inuyasha wrote:

ruveyn wrote:

On top of everything, Standard & Poor is about to downgrade U.S. Credit. We may yet be unable to borrow enough to cover the foolish expenses the government ordains.

ruveyn

In summary, these are all factors that make Glenn Beck's prediction not only plausible but quite likely to actually come true (especially when they are all combined).

Why couldn't the US government default on its debt?

pandabear
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19 Apr 2011, 6:15 pm

Inuyasha wrote:

You're full of poo-poo

Inuyasha
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19 Apr 2011, 6:17 pm

Telekon wrote:

Inuyasha wrote:

ruveyn wrote:

On top of everything, Standard & Poor is about to downgrade U.S. Credit. We may yet be unable to borrow enough to cover the foolish expenses the government ordains.

ruveyn

In summary, these are all factors that make Glenn Beck's prediction not only plausible but quite likely to actually come true (especially when they are all combined).

Why couldn't the US government default on its debt?

If we default, then we pretty much cause several countries to suffer big time, plus the value of the dollar would collapse, because everyone would consider our dollar to be of the same value as used toilet paper.

If the Republicans can force the spending cuts like what is in Ryan's plan or better to get into law, then the conditions change.

Telekon
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19 Apr 2011, 6:28 pm

Inuyasha wrote:

Why would the dollar collapse? The effect would be deflationary.

pandabear
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19 Apr 2011, 6:36 pm

The US government is not going to default.

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