Looks like Glenn Beck is right on Inflation

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You do realize Beck said the end of the end of this year, the newspaper is reporting numbers from last year...

OK. And I propose to wait until the end of this year and see whether Beck is right or wrong. You won't even admit to the existence of a testable prediction.

Why do I bother? You're such a freaking idiot on so many levels. You point to numbers from last year claiming they prove Beck right, and when it is pointed out that they don't you immediately backpedal and accuse other people of using inappropriate evidence.

Plus the rather severe ignorance Inuyasha displays in denying that a overvalued dollar is bad for trade.

Well, maybe this thread can be stickied until December by a moderator.

just bump it once a month

Americans have been paying significantly less for gasoline than Canadians for years now (and yes, that's even when you take into consideration the extra taxes on gasoline at Canadian pumps). And even Canadians are paying less than just about everyone else in the industrialized world (with the exception of Americans). It's about time the price of fuel went up south of the border, imo. And yes, even here in Canada too.

You're best off ignoring Inuyasha and numbers. Especially about a commodity as unstable as petrol is price-wise. There's so many factors in that beyond the American economy that it should further shows his complete ignorance and nothing more.

1. I wouldn't take the bet cause for starters I don't bet.

2. Second of all if Glenn gets the major points right you'd still claim he was totally wrong because some minor details were off.

3. If you had been following the news (and I can tell you haven't or your news source hasn't covered this), you would know there is another factor in play now that wasn't when Glenn Beck made his prediction, i.e. Paul Ryan's budget plan. Which if it passes as is would change the entire fiscal situation for the country.

Beck did not get out a crystal ball claiming he could fortell the future, he was saying based on how things were going at the time and if they continued what it would lead up to. We now have a factor in play that cuts trillions from the Federal Budget.

That's for the best considering you'd lose your butt a few thousand times over since you're so bad with numbers and stats.

Any other juvenile insults?

I already said you don't have to put money on it. Look, Beck made a prediction. Admit to the fact that if the prediction does not come true, then the person who made the prediction was wrong. That's just a basic fact. We will have to wait until December to know if the prediction was wrong or not.


I've been generous enough to grant a freaking huge margin of error to Beck's predictions. I'm not nit-picking on "minor details." He predicts massive inflation; I say he's full of s**t. In December, I will be proved right.

And yes, I've heard of Ryan's budget plan. Your belief that Ryan's budget magically fixes anything only further underscores your staggering ignorance of basic economics. If the problem is that America holds too much debt (which was part of Beck's claim) Ryan's plan doesn't solve that, since it does not pay off any of the debt that America currently holds; it only adds to the debt at a slower rate. If the problem is the Fed's monetary policy leading to inflation (the other part of Beck's argument) then fiscal policy decided by Congress has no effect anyways.

[quote=Master_Pedant]Conservative Party of Britian => Rightwing Party
Liberal Democrats (UK) => Centrist Party
Labour Party of Britian => Leftwing Party[/quote]

Great that you keep abreast of the politics on our side of the Pond. In resent years both the Tories & Labour have moved abit into the centre. Before last May's general election the Lib Dem's have been center-left tho with them going into bed with the Tories they could be moving to the centre-right.

[quote=pandabear]Remember: to people who watch Glen Beck, "British Conservative" means "loony left."[/quote]
We got five years of theses lonnies. For your amusement heres a few you should look into:
Ann Widdecomb, Willam Hague, Kenneth Clarke, Iain Duncan Smith & Boris Johnson.
I'll keep the list short as theres alot of loonies in the Tory party.

More observation than insult. You're the one who believes Beck is right with a prediction of 700-1000% price increase in bread by the end of the year.

Not to mention that, but how many juveniles insult each other by saying 'you're bad with numbers and statistics!' 'no you are!' (fight ensues)

As I pointed out, we may not be looking at a runaway deficit if the Republican Budget becomes law, that changes the ballgame. If we combine that with the Republicans going after the Fed on their books and the mints on runaway printing, then we're looking at a whole new ballgame.

If the status quo remains as Obama wants it, then Beck's prediction stands a pretty good chance of coming true. If however the Republicans manage to push their budget through and halt some of what is going on, then the status quo changes and Beck's prediction no longer applies due to the fact the variables have changed.



No, you already tried to disprove him when I pointed out that inflation had been reported on using numbers from last year, you tried to use those numbers to disprove Beck. The Newspaper I sourced used numbers from last year to say there was inflation occurring last year, in contrast Beck is referring to the end of this year. Was it you missed that information in the article, or was it you hoped I wouldn't realize that you were using data from a year ago to try to claim Beck's prediction for this year was inaccurate?

Orwell wrote:

Congress has subpoena power, the problem is not just the Fed, if Ryan's budget passes we're looking at 5.8 trillion dollars in cuts (6.2 trillion dollars if you compare it to Obama's budget with a 400 billion dollar spending increase) and the Republicans aren't looking to stop there the Fed has no excuse to try to conduct "quantitative easing."

Additionally, despite the mainstream media and Democrat lies, the Ryan budget may actually lower the debt, it may not be this year, but it is set up to start paying down the debt. This is a marked improvement from Obama wanting to increase spending by $400 billion.



Does the concept of using what has happened in the past (due to particular actions) to predict what will likely happen in the future (when people are using the same actions again) mean anything to you? Does learning from history mean anything to you?

Glenn Beck is using the information of what has happened to countries in the past trying the same thing that we are now doing, to form a prediction of what is likely going to happen to us if we continue on the same road. He is not claiming to be a prophet or a psychic that he has some magical ability to tell the future.