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alstry (35.68)

This Could Be The Most Ignorant Statement EVER!!!!

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November 07, 2010 – Comments (4)

It is sort of strange to watch Wall Street and Washington destroy America and make such insanely stupid public statements that get such little reaction compels me to reluctantly wonder whether Donner is right in that America is just plain stupid.....

Just look at this one from GS.....

“The widespread hostility to the Fed’s actions is misplaced,” Hatzius wrote in his e-mail, which he distributed yesterday in New York. “The slack in the system is so enormous that U.S. inflation is unlikely to become a problem for years.”

Inflation is a monetary/political issue....not even neceassarily corelated to demand.  Hyperinflation occurs when trust in the currency is removed.....in Zimbabwe, the currency started to lose value when the government started confiscating farms and money started fleeing the nation.......when the money started losing value.....unemployment was OVER 50% and there was lots of slack in capacity.

Just watch what oil is doing.....or take a trip to the grocery store and you realize immediately that inflation is everywhere in the items that are commodity based......espcially those items revolving around food and fuel......

When you have inflation accompanied by "slack in the system".....you have Zombulation.....the most perilous of all combinations because you have skyrocketing prices and collapsing wages....

If I were a greedy Goldman stratagist, Zombulation is the policy I would pursue.   I would starve as many Americans as possible.....invest in Asia with brand new state of the art infastructure and favorable labor laws, have my buddy Warren buy the railroad that travels from our breadbasket to the West Coast.....and instead of feeding the subsidized fat lazy dumb Americans(please note the sarcasm intented), ship America's food over to China and India for HUGE profits where there are a bunch eager engineers ready to advance the ball forward.

Hmmmmmm.......could this be who are politicians work for?  No wonder there is sherrif left in Dodge.

4 Comments – Post Your Own

#1) On November 07, 2010 at 10:46 PM, oshiri (< 20) wrote:

Sempai --

     This Sheriff is gettin' out of Dodge. I made my money, paid over-and-over my quintuple taxes, and actually voted for people who never had a chance of being elected. Eventually you have to call it quits when you see that the minimal fruits derived from your labor is stolen.

      Most Fools believe what they read or hear from the major media and seem to think QE2 will lift the market to ever higher highs. It is a Longwool's bet that stock market ticks will outpace inflation. Sorry, but as we've mentioned before, inflation already has a big head-start at the grocery store and the fillin' station.

     Comrade Alstrymous, I was artificially inseminated with realization over the summer and give birth to a new life this coming June. I plan to be both father and mother to a bouncing beneficiary portfolio of the "brand new state of the art infastructure and favorable labor laws" and "HUGE profits where there are a bunch eager engineers ready to advance the ball forward."

     I look forward to eating Sichuan stir-fried spring lamb with mid-western corn-on-the-cob.

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#2) On November 07, 2010 at 10:47 PM, ResearchLover (< 20) wrote:

Mugabe -- there's a role model Ben Bernanke tries to emulate.

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#3) On November 09, 2010 at 10:15 PM, Swingking01 (< 20) wrote:

“The slack in the system is so enormous that U.S. inflation is unlikely to become a problem for years.” 

Well that's unfortanate I planned on living for years... Basic economics tells you that the more supply the less demand.  The more money printed the less its demanded and the less its worth the less it will buy.

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#4) On November 09, 2010 at 10:34 PM, Swingking01 (< 20) wrote:

Ok well I posterd this here for two reasons, first being that I just posted something on this thread, and the second because what I'm about to say may be the most ignorant statement ever so it might fit, but what the heck I'm going to say it anyway... Does inflation help the debtor???  I'm not for sure if we owe China so much if it's in Chinese currency, the American Dollar, or gold, but if it is the dollar, and the dollar loses just enough value to ease our debt to China but not cause hyperinflation couldn't that be a good thing?  It may not be possible, but it's just a thought, and it's highly risk but it may be the only way out at this point..

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