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alstry (35.46)

$1,000,000 Loaf Of Bread......

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October 26, 2010 – Comments (6)

Did you really think we could borrow our way to prosperity?

As input costs rise, do you really think these costs can be passed on to consumers as wages crash?

Zimbabwe inflation hits 11,200,000 percent - CNN.com

Whoops....$3,000,000 loaf of bread......

6 Comments – Post Your Own

#1) On October 26, 2010 at 1:07 PM, kdakota630 (29.58) wrote:

+1 rec

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#2) On October 26, 2010 at 1:14 PM, alstry (35.46) wrote:

The irony....when hyperinflation kicks in.....government will need to tax every dime we have because all entitlements are keyed to inflation.....

Silly me....once hyperinflation kicks in.....not much really matters at that point.....as few can afford anything.....

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#3) On October 26, 2010 at 1:18 PM, alstry (35.46) wrote:

Ask yourself this question....what FREEDOM will you have when a loaf of bread is $1,000,000?

If you have $5,000,000 in the bank....you have 5 loaves of bread....after that?

Now tell me....who do you really think will take away your Freedoms?

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#4) On October 26, 2010 at 1:41 PM, mtf00l (45.02) wrote:

You don't by chance own a fiddle, do you?

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#5) On October 26, 2010 at 2:12 PM, JerseyShoreGirl (< 20) wrote:

Two years ago, I would have dismissed the idea of a $1,000,000 loaf of bread as insane .. just as I would have dismissed this guy as wacky and I wouldn't have understood what he was talking about at all ... like Alstry, now much of what this guy says makes perfect sense ... this guy has an excellent grasp of the global picture ..

http://www.youtube.com/watch?v=HRCncRIsgoQ

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#6) On October 26, 2010 at 3:09 PM, alstry (35.46) wrote:

Very few people have any concept of the impact of a government borrowing over $1 Trillion dollars per year WHILE credit is being cut off the the private sector........

When a nation's politicians dismiss the comments of the nation's most experienced expert, William Black, regarding the systematic fraud in our financial system.....you can be highly confident that the system as we know it is about over.....

What is up for grabs is what will the new system be....now we are considering taxing Religious buildings and voiding the home interest deduction would destroy both Religion as we know it and housing.....

Regarding housing...it would simply accelerate my projection that housing will be worthless....

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