cliveandrews Posted March 23, 2009 Report Share Posted March 23, 2009 How do you see events playing out? What do you think of Peter Schiff's prediction of a possible hyperinflationary depression? Quote Link to comment Share on other sites More sharing options...
Myself Posted March 23, 2009 Report Share Posted March 23, 2009 I think it's inevitable given the actions the government is taking. Quote Link to comment Share on other sites More sharing options...
Rearden_Steel Posted March 23, 2009 Report Share Posted March 23, 2009 Unless the govt. has some sort of magic wand to make 5 trillion in debt disappear and a industrial base reappear I think its massive inflation is inevitable. Quote Link to comment Share on other sites More sharing options...
TheEgoist Posted March 23, 2009 Report Share Posted March 23, 2009 I'm not sure about hyperinflation, but I think the more government mettling the longer this period is going to last. The Fed is creating trillions in dollars, which is never intelligent. Quote Link to comment Share on other sites More sharing options...
Zip Posted March 23, 2009 Report Share Posted March 23, 2009 (edited) http://1.bp.blogspot.com/_w7uW8vBqkwk/Scbu...ebtstar5rk3.jpg Just had to share... Edited March 23, 2009 by Zip Quote Link to comment Share on other sites More sharing options...
Capitalism Forever Posted March 23, 2009 Report Share Posted March 23, 2009 The economy will begin recovering as soon as the level of statism stabilizes. As long as the government keeps introducing new statist measures, it will keep getting worse. So it all depends on when the "change" stops--but I would need to be able to read Obama's mind to make a prediction on that. Quote Link to comment Share on other sites More sharing options...
ers Posted March 23, 2009 Report Share Posted March 23, 2009 Hyperinflation is a definite possibility. I think at the very least we will have higher inflation coupled with many new taxes which will across the board decrease our style of life. It's already happening in my state; new property taxes at the county and city levels, new income taxes for the "rich" (i.e. people making only $60K+ a year). Rising water and electric rates, etc. Wages are not keeping up with the new taxes and the eventual rise in consumer prices. At the very worst, civil unrest. Quote Link to comment Share on other sites More sharing options...
Space Patroller Posted March 23, 2009 Report Share Posted March 23, 2009 (edited) When Congress goes on a killing spree and the Market doesn't tank right out and then the TasCheat in Chief announces yet a fourth plan to solve the "toxic assets" problem and the Market goes up 500 points, what I foresee for the hext 2 years is the Great Search for the Front of the Horse. This prediction brought to you by Trojan. But then what do you expect of a business community that tolerates a credit-baseed, read debt-based. read going-in-the-hole based economy. You've got to say when government shoves the umbrella up big business' anatomy and then opens it, they get what they deserve. All I can think of is Masochistic Submissive. Edited March 23, 2009 by Space Patroller Quote Link to comment Share on other sites More sharing options...
K-Mac Posted March 23, 2009 Report Share Posted March 23, 2009 (edited) Great pic, Zip! I love Star Wars humor. Stay out of economics, governments should. Edited March 23, 2009 by K-Mac Quote Link to comment Share on other sites More sharing options...
utabintarbo Posted March 25, 2009 Report Share Posted March 25, 2009 Deflation, a bond market dislocation, the collapse of tax revenues. And then the real bad stuff happens. I'm long guns, ammo, and gold. Not much else. Quote Link to comment Share on other sites More sharing options...
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