Comments on: The Coming Inflation http://www.newclarion.com/2008/12/the-coming-inflation/ Our mission is to combat the unreason and selflessness that are sweeping our culture from the nihilist left to the religious right, and to sound a new ideal of capitalism and individual rights in American politics. Sun, 14 Mar 2010 04:39:03 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Hal http://www.newclarion.com/2008/12/the-coming-inflation/#comment-167 Hal Tue, 23 Dec 2008 22:48:52 +0000 http://www.newclarion.com/2008/12/the-coming-inflation/#comment-167 I don't know how we can avoid massive inflation either what with the way money is being printed and thrown into the hands of people who failed big time. Did you see the AP report that banks have refused to say how they've used the bailout money? Mind numbing to me. I'm thinking that gold and silver is probably a good bet as investing a percentage of my money. I've been watching both with the free real time tracker, <a href="http://www.learcapital.com/exactprice" rel="nofollow">ExactPrice</a>, and I continue to be surprised that the COMEX price remains subdued in the face of high demand. If you check out how much gold is going for on eBay compared to the Comex price it's amazing. Whatever happens, the coming 3 to 5 years are going to be dizzying. I don’t know how we can avoid massive inflation either what with the way money is being printed and thrown into the hands of people who failed big time. Did you see the AP report that banks have refused to say how they’ve used the bailout money? Mind numbing to me.

I’m thinking that gold and silver is probably a good bet as investing a percentage of my money. I’ve been watching both with the free real time tracker, ExactPrice, and I continue to be surprised that the COMEX price remains subdued in the face of high demand. If you check out how much gold is going for on eBay compared to the Comex price it’s amazing.

Whatever happens, the coming 3 to 5 years are going to be dizzying.

]]> By: More On Obama’s Spending — The New Clarion http://www.newclarion.com/2008/12/the-coming-inflation/#comment-136 More On Obama’s Spending — The New Clarion Sun, 21 Dec 2008 01:38:36 +0000 http://www.newclarion.com/2008/12/the-coming-inflation/#comment-136 [...] ← The Coming Inflation Is Blogging Passe? [...] [...] ← The Coming Inflation Is Blogging Passe? [...]

]]> By: Jim May http://www.newclarion.com/2008/12/the-coming-inflation/#comment-56 Jim May Wed, 10 Dec 2008 23:21:16 +0000 http://www.newclarion.com/2008/12/the-coming-inflation/#comment-56 The more I think about it, the more I'm inclined to agree with Harry Binswanger: the reason why the media and many pundits are focussing on the Great Depression and its deflationary aspects, is because the Left succeeded in rewriting history so that people see it as a mess made by capitalism and cleaned up by government -- as opposed to the 1970's, which is seen as a government mess cleaned up by getting it out of the way.blame capitalism for it. Thusly, the Duranty media pushes the Depression meme, because it allows them to push Obama as FDR -- instead of the 1970's meme, which would paint Obama as Jimmy "Welcome Back" Carter, and remind people of what ended *that* -- the "Deregulator", Ronald Reagan. They are wrong, however, because of the single but gigantic fact I noted at the Crucible and Column some time ago: now, as in the 1970's, we have a fully fiat currency -- whereas in the Depression we were still on a gold standard, even after the confiscation and single devaluation of the dollar. That is another reason why the specter of the Depression is being raised; mainstream economics considers one of its key hallmarks to be <i>deflation</i>, which is made out to be worse than inflation. The current emphasis on deflation (not to mention the degraded mainstream definitions of the terms) provides cover and justification, under the rubric of conventional economics, to inflate the money supply. The more I think about it, the more I’m inclined to agree with Harry Binswanger: the reason why the media and many pundits are focussing on the Great Depression and its deflationary aspects, is because the Left succeeded in rewriting history so that people see it as a mess made by capitalism and cleaned up by government — as opposed to the 1970’s, which is seen as a government mess cleaned up by getting it out of the way.blame capitalism for it.

Thusly, the Duranty media pushes the Depression meme, because it allows them to push Obama as FDR — instead of the 1970’s meme, which would paint Obama as Jimmy “Welcome Back” Carter, and remind people of what ended *that* — the “Deregulator”, Ronald Reagan.

They are wrong, however, because of the single but gigantic fact I noted at the Crucible and Column some time ago: now, as in the 1970’s, we have a fully fiat currency — whereas in the Depression we were still on a gold standard, even after the confiscation and single devaluation of the dollar.

That is another reason why the specter of the Depression is being raised; mainstream economics considers one of its key hallmarks to be deflation, which is made out to be worse than inflation. The current emphasis on deflation (not to mention the degraded mainstream definitions of the terms) provides cover and justification, under the rubric of conventional economics, to inflate the money supply.

]]> By: Bill Brown http://www.newclarion.com/2008/12/the-coming-inflation/#comment-50 Bill Brown Wed, 10 Dec 2008 10:09:42 +0000 http://www.newclarion.com/2008/12/the-coming-inflation/#comment-50 The other great thing about inflation—from the politician's perspective—is that they get to decide who gets the new money <em>before the economy even realizes that there is new money</em>. That's a very lucrative handout because the purchasing power of that initial money is greater than it is for those who subsequently receive it because prices will rise to reflect the inflated supply. The other great thing about inflation—from the politician’s perspective—is that they get to decide who gets the new money before the economy even realizes that there is new money. That’s a very lucrative handout because the purchasing power of that initial money is greater than it is for those who subsequently receive it because prices will rise to reflect the inflated supply.

]]> By: Las propuestas económicas de Obama « Sarah Palin en Español http://www.newclarion.com/2008/12/the-coming-inflation/#comment-34 Las propuestas económicas de Obama « Sarah Palin en Español Mon, 08 Dec 2008 23:56:27 +0000 http://www.newclarion.com/2008/12/the-coming-inflation/#comment-34 [...] Myrhaf en New Clarion apuesta porque viene una época de alta inflación. Tiene sentido su razonamiento, no económico, sino político: la inflación es el incremento de impuestos favorito de los gobiernos. Al bajar el valor del dinero, los precios suben, y los consumidores no culpan al gobierno, sino a los egoístas y avariciosos empresarios. [...] [...] Myrhaf en New Clarion apuesta porque viene una época de alta inflación. Tiene sentido su razonamiento, no económico, sino político: la inflación es el incremento de impuestos favorito de los gobiernos. Al bajar el valor del dinero, los precios suben, y los consumidores no culpan al gobierno, sino a los egoístas y avariciosos empresarios. [...]

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