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alstry (35.86)

Is Uncle Benny About To Steam YOU and your Children!!!!!!

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June 17, 2009 – Comments (11)

It is the role of the Federal Reserve to maintain a sound monetary policy......INDEPENDENT of political pressures.

 

The world entrusted America with much of its wealth in the form of debt instruments, cash and the manner which commodities are priced.

 

If Uncle Benny fails to maintain this trust.....the entire world will turn against America.....as nobody forgives the thief that intentionally steals from them.  Just ask Bernie Madoff´s clients for confirmation.

 

If Uncle Ben destroys the dollar, there will be few in America that won´t suffer the most severe of economic hardships....many may in fact starve to death........for a perspective review Post WWI Germany.

 

Would you permit a thief to steal most of what you have???  You think the world will????

 

Prepare!!!!!

11 Comments – Post Your Own

#1) On June 17, 2009 at 2:25 PM, 4everlost (29.45) wrote:

Can you believe that the President wants to give more authority to the Fed?

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#2) On June 17, 2009 at 2:37 PM, Option1307 (29.93) wrote:

Woo more power to the FED, I mean they have done such an excellant job these past 80 yrs, lets double our luck and give them more!

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#3) On June 17, 2009 at 3:20 PM, alstry (35.86) wrote:

When you are an import based economy.... pretty soon a T Shirt costs a millon dollars and no one can afford a T shirt in a hyperinflationary environment as wages NEVER keep up!!!!!!!!!!!!!!!!!!!!!!!!

 

 Eddie Bauer files for Chapter 11

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#4) On June 17, 2009 at 3:33 PM, dickseacup (67.24) wrote:

The House wants to pass a bill requiring an audit of the Fed and the Administration wants to give them (the Fed) more power. Hrmmm. Left hand, meet right hand; right hand, this is left hand. You two have a lot in common, it's a wonder you've never met before.

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#5) On June 17, 2009 at 4:10 PM, Crosshair (96.74) wrote:

Alstry,

Please read the response I left on your previous blog post; I believe your concerns over inflation are unfounded: http://caps.fool.com/Blogs/ViewPost.aspx?bpid=210729&t=01002130057764754273

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#6) On June 17, 2009 at 4:23 PM, alstry (35.86) wrote:

Cross,

Bernanke CAN'T control inflation/hyperinflation.  It occurs when NOBODY trusts the currency!!!!!!!

You could have a 50% UNEMPLOYMENT rate and more slack than you could imagine and STILL have hyperinflation.

If the world views that Uncle Benny is simply printing dollars just to make welfare payments to our citizens and not backing it up with much productivity, they are going to tell us to shove our dollars up our backside and it will take a boatload of dollars to buy one Chinese doll.

Bernanke will be forced to keep increasing interest rates to convince others to loan us money until interest rates get so high that the system simply shuts down!!!!!

Uncle Benny right now has turned to water on underneath us....time will tell if we get boiled, steamed or just scalded.

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#7) On June 17, 2009 at 4:47 PM, hhasia (65.86) wrote:

More power to the FED? Oh the same guys who cannot account for all the $ given out. The same group that is not accountable for a clean audit? Confirm this. Russia and China will not sit by and participte with the leaches.  See the reports coming from Shanghai Meeting.

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#8) On June 17, 2009 at 8:02 PM, Crosshair (96.74) wrote:

Alstry,

Hyperinflation is caused by a drastic expansion in the money supply, which then puts downward pressure on the domestic currency. Note, currency depreciation is caused by hyperinflation, not the other way around.

Also, can you give me an example of a hyperinflationary environment which does not see increases to wages?

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#9) On June 17, 2009 at 9:25 PM, jesusfreakinco (28.91) wrote:

Al,

When did you finally wake up and realize that hyperinflation is a possibility?  A few weeks ago you were saying us gold bugs were nuts.  What do you expect gold to do in a hyperinflationary environment?

JFC

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#10) On June 17, 2009 at 10:12 PM, alstry (35.86) wrote:

Cross....you have to increase money supply because no one accepts your currency at current exchange.....and then increase more as it devalues.

Germany...WWl.......the people starved to death!!!!!!!!!!!!!!  and in EVERY hyperinflationary environment...wages are academic because cost rise so fast that wage become immaterial.....even if they rise....Iran, Zimbabwe, Lebanon, etc....

JFC,

I still think the goldbugs are nuts.....I purchased a little silver.....and in a hyperinflationary environment.....I expect the government will confiscate it and make it illegal....just like cocaine which is worth a lot per ounce.

Would you want to risk a Kilo of Coke in your basement???

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#11) On June 18, 2009 at 2:27 PM, jesusfreakinco (28.91) wrote:

Al,

I am not one that buys into the confiscation threat.  I believe if the govt gets to that point, there will be mass revolt by our citizens.  I think the military, being conservative by nature, will not take up arms against the citizens.

Gonna be interesting...

JFC

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