George Soros and the FED set to break our Dollar

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Georgia Patriot
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CHR

How about I forgive you and pray for you (which I will). I think you are a good person with good intentions. How about Faith, honesty, integrity, hope for a brighter future(the shining city on the hill thanks RR), helping your fellow man(charity). But you know what, if you only can do two, pick these: 1) Love the Lord your God with all your heart, all your soul, all your mind (3 different ways) and 2) Love your neighbor as yourself. I must admit, I have a CONSTANT struggle with #2 and pray often for strength in that area. One more thing that might help some. Your number 6 above, I believe Christ fulfilled the scripture of the old testament and gave us new law to go by. Check it out. Hope you have Happy Thanksgiving. -GP

Courthouserules
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GA Patriot

"Fullfilled?"

Isn't that the Jewish Bible, the old testament? They can't use it anymore?

You are just full of doubts recently, aren't you?

Georgia Patriot
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It's Fulfilled

3 "L's" not 4. Had to do that since you got me on Andy Devine(and you thought I didn't notice. The Old Testament prepared the way. You might want to read this if you are interested in old law versus new: http://www.catholicity.com/catechism/the_old_and_new_law.html As far as doubts I still fight that battle, just now not as much when I learned to "come as a child". http://epistle.us/scripture/child.html On a side note, I enjoy the study of particle physics but it can be frustrating. Sometimes the more you learn/understand the more there is to learn, there is a lesson there. Man should never be so arrogant as to attempt to explain God in man's terms. Come as a child. -GP

Courthouserules
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GA Patriot

Your last sentence is my philosophy and I agree with you on that, but mine is about religion, not science---we have a shot at that.

What we now have with thousands of different religions is exactly that: Man attempting to explain God.

Pearly Gates, streets of Gold, and a gatekeeper with a big book. Just what we aren't supposed to have too much of!

I do like very much however the proper group singing "Jacob's Ladder."

I suppose we might as well drop it at that!

Georgia Patriot
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Happy Thanksgiving!

There is no such thing as coincidences, we have been speaking for a reason. Hope you have a great Thanksgiving. Praise God. -GP

EstrellaL
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NIA

The National Inflation Assoc statistics have been cited in sales pitches for food insurance. The National Inflation Association is an organization, headed by Gerard Adams, that profits off fear of inflation. Given that Glenn Beck has gotten into trouble for pushing gold, and the National Inflation Association connection to gold, the statistics of the Association have to be carefully examined.

Courthouserules
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estrella

If Beck pushes it--lay-off!

It is like rolling dice at Vegas!

They try to sell junk coins or trinkets that you couldn't sell for a profit
anywhere, also.
Then there are the "proof" coins that cost 10 times the face value---junk investment.

How many people have gold bars in their attic? None. Anywhere? None!
It would take $250,000 or so just to buy ONE! They won't ship you one. If they did the Brinks truck and the delivery insurance would break you. Then what company will insure bars in your possession, no matter where you store them. You don't have an army to guard it!
Piece of paper is all you have.

Those small gold chunks are also never pure.

It is a racket business.

Observerofu
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estrellL-Do you have any sources

for the information or just a "personal" knowledge?

Seems Goldline is doing well. In fact after Wieners attacks sales are up 17%.

Just where is that "investigation" now?

As for the NIA many noted economist agree with their numbers.

You cannot print BILLIONS, monetize the debt, spend TRILLIONS on entitlements, devalue the dollar and expect to keep prices low forever.

It is only Common Sense to realize that inflation (prices) have to increase. A belief otherwise is pure fantasy.

Chris P. Bacon
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Wrong again, NotLindsey
Observerofu wrote:

for the information or just a "personal" knowledge?

Seems Goldline is doing well. In fact after Wieners attacks sales are up 17%.

Just where is that "investigation" now?

As for the NIA many noted economist agree with their numbers.

You cannot print BILLIONS, monetize the debt, spend TRILLIONS on entitlements, devalue the dollar and expect to keep prices low forever.

Here you go: LINK

Observerofu wrote:

It is only Common Sense to realize that inflation (prices) have to increase. A belief otherwise is pure fantasy.

Common sense is something you seem to have in very short supply.

Had you attended an accredited post-secondary institution, you might have learned that deflation is likely to occur in a recession/depression as inflation, which makes your claim that "(prices) have to increase" demonstrably false.

Observerofu
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Ok......

First since you said I was wrong and I said Goldline was up please tell us how I was wrong? You quoted my statement on Goldline but linked to a hit piece on NIA.

Second how is it that you progressives are such intellectual snobs that you have to denigrate someone else's education. You have no clue what my educational level is.

Please tell us how unbridled spending, printing Billions of dollars, monetizing the debt by buying our own bonds is in anyway good for America.
Show us anywhere in history this has ever helped and has not led to inflation.

I suspect I will be waiting sometime for this one.

Chris P. Bacon
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Observer Bin Laden
Observerofu wrote:

First since you said I was wrong and I said Goldline was up please tell us how I was wrong? You quoted my statement on Goldline but linked to a hit piece on NIA.

Second how is it that you progressives are such intellectual snobs that you have to denigrate someone else's education. You have no clue what my educational level is.

Please tell us how unbridled spending, printing Billions of dollars, monetizing the debt by buying our own bonds is in anyway good for America.
Show us anywhere in history this has ever helped and has not led to inflation.

I suspect I will be waiting sometime for this one.

Observer Bin Laden, you asked Estrella for information regarding the ersatz economic outfit known as "NIA". I provided you information with a link. Of course, it doesn't agree with your small-minded big-mouth Beckist world view, so you labelled it a "hit piece". And so it goes....

Secondly, I do not know the highest level of education you've completed but I suspect it wasn't much beyond 10th or 11th grade. I base my conclusion on the lack of organization and originality in your posts, along with numerous spelling, grammar and basic logic errors. I'm curious, though, were you home-schooled? That would go a long ways towards explaining your various deficiencies.

Finally, you seem to be hung up on Beck's latest "monetization! MONETIZATION!" talking point. I'd refer you a few posts up to a post entitled "Wedgie" by Ninja Guy. Mr. Guy deconstructs your monetization alarmism quite thoroughly. Given your documented history of spineless cowardice, though, I sincerely doubt you'll even acknowledge his post.

Observerofu
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What a disjointed and undisciplined response

Need a little more coffee this morning to wake up those old dying brain cells bacon?

I did not ask for information on NIA. I already know about them. You simply failed to read and properly understand the direction in which my post was going and you failed to comprehend it's intent. As usual you went off on a tangent and attacked something not even implied.

btw-on the education thingy. Like I told DM after she made the same disparaging remarks I would place my academic pedigree against yours any day.

Now since that is out of the way do you care to enlighten us on why you think printing BILLIONS of dollars helps us. Why Monetizing our debt which Benberyankme swore under oath not to do is a good thing?

Provide us with a history lesson about how this has worked through out the world.

PTC Observer
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Ms. EstrellaL

You don't need the NIA to gauge inflation, simply look at your bills. We don't have considerable inflation now because we are in a depression. Inflation will follow deflation as it always has.

Go study some history and you will find out that deflation was what they were fighting in the depression not inflation. However, the money supply creation that the FED and Treasury have undertaken is unprecedented. The FED stopped reporting both the M1 and M2 several years ago; this is a measure of the money supply creation and change in money supply. Why do you suppose that they stopped reporting this?

So, when will inflation really take off? It's anyone’s guess, but mine is that it will begin when people realize that our currency is not backed by anything, not gold, not oil, not anything at all. Just the "full faith and credit of the United States of America", which is becoming worth less and less everyday.

This realization is not too far off in our future. The currency wars are just beginning and they will not end well for the people of the world. Food prices as well as land prices will balloon as the value of our currency falls. It is true that you can't eat gold but it is also true that you can't print it at will. That is its only intrinsic value as a medium of exchange; the government can't change its supply overnight. There is no upper boundary on the value of gold as long as there is no boundary on printing a fiat currency.

Our government has already cast the die, it is too late.

swac
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History lessons

Back in the fifties, American workers wages were high and we were proud that it was so, we bought what we built and we built well, unions were powerful and we had politicians that wanted to build American infrastructure. Everyone benefited. We balanced our budgets.
Then American corporations decided they could make greater profits by exporting production and jobs to other countries.

Davids mom
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swac

So true!!!!

GAltant
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.

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Chris P. Bacon
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Money Multiplier

(I'm putting this at the top because I can't read it when it's scrunched on the right).

We are at an impasse on the validity of the money multiplier. You, and many economists, seem to be willing to jetison a model that has worked for decades because current events seem to make the money multiplier appear to no longer work.

The money multiplier does not factor in human behavior. Right now, we're at the tail end of a burst bubble. As is often the case with human nature, bankers are hesitant to lend money. period.

In the short term, they can get away with this. Why? Because their profit and loss statement for the previous year was so wretched that ANY improvement will look exceptionally good to Wall Street quants.

This one-off balance sheet improvement is not sustainable.

By now, most of the toxic assets have cycled off of bank balance sheets.

Capitalism is still alive and well in America so banks will be judged perfomance-wise against their peers.

This means that they'll be judged at how well they put their capital to use, and the returns they make on those investments.

Banks right now have historically high reserves. They're positively astronomical compared to just a few years ago (when the Bush administration sowed the seeds for the financial collapse by cutting reserve requirements to the bone....30-1 was insane in hindsight...but I digress).

Eventually...maybe not this year but definitely by next year....Wall Street is going to take notice of this unused capital lying around on bank balance sheets. And they will begin to reward the banks who use this capital efficiently and punish those banks who do not. Punished banks will see their shares decline, and bank officers who want to keep their jobs will find ways to put this capital to use.

And then....lo and behold....the money multiplier effect will revert to the historical norm.

That's my take on things. I don't see how you can say "it worked well for 70+ years but now it don't so let's scrap it". To me, that's hard to justify. We live in a complex economic world and there are certain factors beyond our control, but basic economic principles by and large still apply.

Feel free to differ!

Observerofu
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Lessons of the Wiemar Republic and Zimbabwe

The road in which we are traveling leads to but one place. Hyperinflation.

Now can we take an off ramp. Certainly, but to do that we have to understand the basic premise that funding (buying)(monetizing) our debt is the vehicle in which we travel in.

An intentional devaluing of our dollar has the potential to cause a Wiemar moment.

Soros wants a "managed decline". The Fed achieves this through QE2. Devaluing the dollar lessens the debt as well as hinders deflation. The problem is and always has been how do you know when enough is really enough. History has proven to us that Governments tend to miss projections
and do not judge well in these types of issues.

A lesson from the Weimar Republic about balancing the budget
http://fabiusmaximus.wordpress.com/2010/02/10/weimar/

The money multiplier will not revert to standard practices. We have already went beyond what the textbook theory espouses. Generally Mosler had it correct when he said:
"“The textbook money multiplier model predicts that money growth and bank lending should have soared along with reserves, stimulating economic activity and boosting inflation. The Fed study concluded that “if the level of reserves is expected to have an impact on the economy, it seems unlikely that a standard multiplier story will explain the effect.”
That not only repudiates the textbook money multiplier model but also raises lots of questions about the goal of the Fed’s quantitative easing policies.”"

Chris P. Bacon
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the myth of hyperinflation

I disagree (surprised?)

The threat of hyperinflation is, in my opinion, alarmist claptrap foisted upon a gullible public.

The United States of America has never had anything close to resembling hyperinflation throughout its history, and in our complex economy it's just not going to happen now.

I find it interesting that most people predicting hyperinflation (not you) usually say it will happen in two to four years. From my experience, people have been predicting this for over ten years.

Observerofu
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Neither did the Wiemar Republic nor Zimbabwe

Both felt that they were doing what was best for their people. Both created debt that was unsustainable, both spent money they did not have to try to control inflation and both bought their own debt.

They did not see it coming either.

btw- at least we are having progress two consecutive post without an insult. Who knows maybe we can go an entire day.

Ninja Guy
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Hyperventilating Over Hyperinflation

In those two cases, as well as others from history, hyperinflation resulted from politicians getting their hands on the printing presses to finance their own purchases rather than the central bankers running wild on their own. They weren't doing what they thought best for the general population by any stretch of the imagination. As I mentioned in a previous post, in the case of the US this time, the Fed is telling the pols that 'we have to do this' rather than the pols telling the Fed 'you have to do this'. I think there is a big difference, given the semi-autonomy of the Fed. Also, as I mentioned before, Volker whipped high inflation back in the 70s in a couple of years or less. If QE2 or any subsequent QEs do create inflation in excess of what the Fed is targeting, this could be done again with severe but shorter-term pain compared with prolonged deflation. Also, with the Euro also tanking and several European governments on the brink of financial collapse (Ireland, Spain, Portugal), there is still strong demand for the dollar worldwide. So, if there was ever a good time for the US to monetize its debt, it is now.

Observerofu
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Ninja and how is this any different?

Ninja said:"politicians getting their hands on the printing presses to finance their own purchases "

It's called monetizing the debt.

Monetizing debt

Definition:
Paying off government debt by printing more money. Leads to inflation.

Is the FED buying (Monetizing) our Bonds(debt)?

The answer is yes. Therefore the potential is there for Hyper inflation.

It is really quiet simple. The Fed uses reserves to buy bonds to the tune of $600 Billion.

Inflation is already up past the 2% mark Benberyankme wanted.

Have you been grocery shopping lately? Foods prices are already up 4-5% and rising.

http://www.reuters.com/article/idUSTRE62F3UC20100316

According to the secret Walmart report clothing is libel to rise as much as 30% next year. Cotton has gone through the roof. It is at a all time high.

Have you seen the price of corn? The commodity index on corn is spiking.

What does corn touch? Answer-Just about everything. There are 4000 products corn touches in the grocery store alone.

So tell me Ninja what examples of yours do you have that substantiate your belief we are all just as you put it hyperventilating?

How did Monetizing the debt work out for the Wiemar Republic and Zimbabwe?
Do I see us using Wheelbarrows of money to buy bread like it was in the Wiemar Republic? Maybe not. Do I see a 20-40% rise in food and staple prices by mid next year. Yes I do.

To depend on Europe which is falling apart by the day to shore up our dollar is a ludicris fantasy that will not happen.

Have you seen what is happening in Spain, Greece, France and the UK? Their economies are worse then ours and you think they will shore up the dollar. To quote a old English friend of mine. "Not bloody well likely".

Courthouserules
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Monetizing?

These issues are basically the same as buying Treasury notes.

We owe for them.

It can create some inflation if not controlled. If it creates too much inflation the Federal Reserve will take the opposite action to control that!

Deflation or stagnation is as bad as inflation.

We are in this mess not due to the Federal Reserve, but due to lack of control on borrowing and lending by banks, insurance companies, and the creation of worthless derivatives by unscrupulous money changers.

Our government stood by and watched it knowing what was to happen at some point, but enjoying the good times while they lasted.

It is really pretty simple.

They even involved the public in too much credit with no regulation.

We are in for years of hard work to become solvent again...blame who you will, it is there. Even our elected ranking officials are so dumb as to allow such a thing. We elected a bunch of non-thinkers for the 2000s!

There are other problems which also contribute: about two trillion dollars for wars we haven't paid for yet, the ruination of the Gulf of Mexico for a hundred years or more, dependency upon oil due to the money to be made there, destruction of the atmosphere a little at a time, the deterioration of all of our national infrastructure and resources such as water, dams, bridges, roads, transportation, power, and a safe food supply.

Should we just invade Iran and North Korea tomorrow?

Georgia Patriot
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WOW!!!

Based on the above you are 90% Libertarion! Oh, one more thing. The term for what happens when the Keynesians screw things up and the FED has no more rabbits in the hat is stagflation. http://en.wikipedia.org/wiki/Keynesian_economics -GP

Courthouserules
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GA Patriot

You listen to Limburger too much. Way too much.
Why doesn't he run for the Senate or President?
He now has enough money to finance it all.

He couldn't find the toilets without help from writers.

The Governor of Montana was on TV last night. He has a balanced state budget he said and they got it by saving their money and paying cash for everything.

Someone smarter than he asked him what he did with Montana's stimulus money and after some frustration said he put it in the bank to balance the budget!
That money had to be spent on listed projects, he lied.

We have a whole world full of such dopes.

Georgia Patriot
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Patriot Listens To

Sirius Patriot Radio(what else did you expect-LOL). But I do like Rush's term for the stimulas scam(porkulas), that term should offend 2 for 1;(Libtards and Muslim Extremists). -GP

Chris P. Bacon
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About that "4 to 5% food inflation"....
Observerofu wrote:

...Have you been grocery shopping lately? Foods prices are already up 4-5% and rising.

http://www.reuters.com/article/idUSTRE62F3UC20100316

(snip)
So tell me Ninja what examples of yours do you have that substantiate your belief we are all just as you put it hyperventilating?

Now we go to school!

Your link is a single economist PROJECTING 4 to 5% annualized food inflation way back in March 2010!

It is now November 2010...how did that projection hold up?

NOT WELL!

Quote:

A broad measure of food prices from the Labor Department shows prices rose at an average annual rate of less than 0.6% in the first nine months of the year.

oooh it gets worse....

Quote:

The overall inflation rate for food and beverages - the only meaningful statistic for "grocery shopping" - is currently the lowest on record.

LINK

Care to admit that you were in fact hyperventilatin'?

I look forward to your inevitable "but...but...but..."! :D

Observerofu
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Haven't been grocery shopping lately have you?

Anyone with a shred of honesty knows prices have risen. The Government and their crony's won't admit oh no.

Ask anyone Bacon.

Has prices gone up?

Go ahead and bing it. Type in Grocery prices rising.

See how many hits you get from ALL OVER THE COUNTRY.

It is a well documented fact.

You won't hear it from the lame stream media, but ask any Mother that has to shop for a family.

Come back and tell us again bacon how it is not so.

http://www.reuters.com/article/idUSTRE6AH48420101118?type=PersonalFinance

"Almost 70 percent of U.S. shoppers have seen grocery prices rise in the past few weeks, according to an online survey of 637 people conducted for Reuters by SupermarketGuru.com, a website that spots trends and helps shoppers make informed food decisions."

Get your head out of your ideological butt bacon and smell the coffee it's gone up too.

btw-The Atlantic really bacon. I give you a legitimate News Agency and you give me a left wing partisan blog site.

Is this what passes for sources for you?

Chris P. Bacon
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¡buıןןɐɟ sı ʎʞs ǝɥʇ ¡buıןןɐɟ sı ʎʞs ǝɥʇ
Observer Bin Laden wrote:

¡buıןןɐɟ sı ʎʞs ǝɥʇ ¡buıןןɐɟ sı ʎʞs ǝɥʇ

Oh, so now that you're losing the argument you want to change the timeframe...oh noe, let's not use an entire year, let's use, ummm, the past couple of weeks coz that supports my preconceived political position!

Observer Bin Laden wrote:

btw-The Atlantic really bacon. I give you a legitimate News Agency and you give me a left wing partisan blog site.

Is this what passes for sources for you?

The Atlantic was quoting statistics garnered from the United States Department of Labor, which you refuse to acknowledge because it doesn't support your preconceived political position!

So instead we're treated with lots and lots of anecdotal evidence from you. Had you attended an accredited post-secondary educational institution, your purported "evidence" would be ridiculed.

Hey, Kroger had a dozen eggs on sale for 99 cents. This week, they're back at their regular price of $1.49....OMG! HYPERINFLATION!!1! I've PROOVED IT!

Observerofu
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Neat trick-about like your other info it's all upside down

Bacon look. I don't care if you believe it or not. I said there is a POSSIBILITY of higher not hyper inflation. My exact numbers were 20-40% by next year.

That is not going to change.

You can ignore the fact that Food and Energy is rising and rising fast. Not my problem. The fact that Government decoupled these two from inflationary surveys is telling in and of itself.

But continue feeding us info that all is well from the Government and Liberal blogospheres.

Keep rearranging the deck chairs on the Titanic bacon.

bad_ptc
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Observerofu, you aren't readint the correct reports

"The fact that Government decoupled these two from inflationary surveys is telling in and of itself."

What are you talking about?

Try reading this.

Observerofu
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bad it speaks for itself

Food and Energy are no longer tied to the Inflation or CPI stats.

"The index for all items less food and energy was unchanged in
October, the third month in a row with no change. The indexes for
shelter and medical care rose, but these increases were offset by
declines in an array of indexes including new vehicles, used cars and
trucks, apparel, recreation, and tobacco."

Courthouserules
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Food prices

Pies are about $5-6; bread is about 3 dollars; bananas are about .80 follars; cakes are about 25 dollars; steak is about 10 dollars, hamburger is about 3-4 dollars, tomatoes are about 4 dollars (dollar each); even green beans are about 2-3 dollars; grapes are 2-5 dollars; etc.

If one calculates what a bushel of any of these products cost it is amazing.

Green beans= 80 dollars; tomatoes 150 dollars, lettuce 80 dollars, etc.

I don't remember such prices just five years ago!

I know what it is though: Cokes and Pepsis are .25 a can---the very best seller.

AtHomeGym
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CHR & Food Prices

Where in the world do you shop? Yesterday I bought fresh green beans from Florida at Publix for .99 a lb and they're excellent too!

Observerofu
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Soros-Anti-Capitalist Pro-Marxist tactics to change America

In case you have not figured it out yet Obama insider George Soros doesn't mind talking about his God complex nor does he mind telling us that he has and will bring down Countries if it suits and profits him.

He is willing to destroy our economy as long as he can make a profit doing so and he has way to many "friends" in this administration.

http://www.theblaze.com/stories/open-society-soros-explains-the-anti-cap...

Courthouserules
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It is already destroyed!

You worry too much about personalities instead of our real problems.

Georgia Patriot
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Soros

Not really worried about personalities, but the General in charge of the Marxist New World Order should be of some concern. Spooky dude, definitely from the dark side. -GP

Courthouserules
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Goodness!

Thanks anyway for admitting your racial problems. I will be careful answering you from now on.
I would suspect that Africa, India, Egypt, Indonesia, Pakistan, China, Japan, and 2/3 of the world would cause you to have a heart attack if you were for some reason stuck there!

Georgia Patriot
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HUH??????

Racial problems? My reference to the "dark side"??? Did you not see Star Wars? There is nothing racist about opposing the "new world order" or Marxism or any other idiotic scheme to "redistribute the wealth". -GP

AtHomeGym
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GP, CHR & "Racial Problems"

GP, ya gotta understand thqt CHR is on a "Racial Roll" right now--perhaps someone has been licking the red off of his candy!

Georgia Patriot
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Two Racist's

Me and Luke Skywalker, both hatin on the "dark side"-LOL. I thought I would post my picture so CHR could indentify me so he/she wouldn't have to be around a "racist": http://2.bp.blogspot.com/_xu0V-Qk3Tz4/TC8thrCi5eI/AAAAAAAAAhc/KdLhJ75N5-... -GP

NUK_1
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Soros....the new Satan?

Sure sounds like what all the far-left wackos have said for a long time about Rupert Murdoch. Whatever. Soros is a big rich dude progressive who uses his money to fund his causes and influence others. Murdoch is a big rich dude who uses his money to fund his causes and influence others. Zzzzzz.

The comments on that site under the video are priceless though, and really reflect the mentality of a certain group of people usually referred to as delusional kooks. I bet there's a plethora of birthers, truthers and militia nut-jobs in that crowd.

Chris P. Bacon
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Demonizin' Soros

It's been interesting watching the "trickle down" effect. Glenn Beck has had his man-panties in a twist about Soros for the past two months and has been hammering the "Soros=Demon" canard on a near-daily basis to his sloped forehead demographic. They in turn have been out and about spreadin' the new Gospel, making Soros the bogeyman du jour. Notice how "big fan of Soros" is the latest invective hurled by some of the lesser lights here as an epithet (and I spelled the word correctly this time, AtHomeGym). It doesn't matter if someone ever said anything positive..or anything at all!...if you disagree with someone you're a "fan of Soros".

Herd mentality at its finest.

Speakin' of "herd mentality", there was a fascinating article yesterday documentin' how Republicans dutifully repeat what they are told. I'll link it when I find it. Case in point: In the year 2000, 90+% of Americans agreed with the statement "Torture is wrong". Around 2004, Fox began propagandizing about the necessity of torture, to gain information "just in time" (they watched that "24" show too much)...two years later, in 2006, the number of Republicans agreeing with the phrase "torture is wrong" dropped to less than 60%.

Observerofu
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Study shows Progressives hate America

In 2004 a study showed that 50% of Progressives hated America and wanted to overthrow the Government and 30% found to be Mentally challenged.

In 2009 that study showed that 100% of Progressives hated America and wanted to overthrow the Government and 90% found to be Mentally Challenged.

Really Bacon? I can put stats up without proof as well and it means just as much.

Ninja Guy
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Pigface Misses the Point

Pigface, the difference in the cases of inflation in your two examples, the Weimar Republic and Zimbabwe, is that the politicians got their hands directly on the printing presses and churned out actual paper money, getting their hands on it to buy things before it got to the general public.

This is different from the debt-buying monetization taking place in the US now. Even if the latter two nations were nominally issuing debt as a guise to paper money printing, it is not the same as what the US is doing now. You can see the effects of paper money printing inflation in people pushing wheelbarrows full of currency to the store to purchase a loaf of bread. That is very far from a 4% increase in food prices, which are volatile anyway due to weather effects on crop harvests.

The Fed is looking at core inflation, which strips out food and energy prices. Mainly the Fed is concerned with real estate prices, as further erosion here is likely to pull aggregate demand to the left due to the reverse wealth effect, just as booming real estate prices and the associated positive wealth effect pushed AG to the right.

The Fed is using Japan as its case study for what is happening in the US now, and not Weimar and Zimbabwe, for obvious reasons, which I touched on above.

I am not sure whether the Fed's actions will prevent deflation, but its about the last gun in the central bank's arsenal. Would you have the FOMC sit idly by while the US economy is circling the drain?

Tell us, what should the Fed do instead of monetizing? And, please, don't say a return to the gold standard. It's not going to happen. Want to give free banking a try? Let's return to governance under the Articles of Confederation while we are at it.

Also, I did not say that Europe would prop up the dollar. What I said was that, since many nations in Europe and the euro are in such sad shape, the dollar is about the only option in a flight to asset safety, and this demand will support the dollar. The Chinese might complain about monetizing in public, but they are still buying dollars and US Treasuries as hard as they can go.

Just curious, did you stock up on supplies for the Y2K bug? Seems you are afraid of bogeymen, and hyper-inflation is just the latest. You also have the 2012 Mayan calendar issue to fret about as well.

NUK_1
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Hyper-inflation in the US short-term

How about absolutely ZERO chance of that happening any time in the near-future. Many years from now if unaddressed and the US and Fed continue the ill-fated theories they have been operating under, sure. But now? No way at all.

While I do not agree with the zeal the Fed has shown once again in printing money to borrow its own debt further, the chances of any type of runaway inflation happening over what they are doing right now is nil. The far greater odds are that deflation is going to happen and the Fed will have no other tools left to do anything about it. And, oh yeah, 10% unemployment may be the new reality for a few years too.

Chris P. Bacon
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Ninja nails the "big picture"..
Quote:

please, don't say a return to the gold standard.

Annnnnnd....Ninja nails it.

The "big picture" economic platform pushed by catfood conservatives and their libertarian fellow travelers has always been to demonize any and all economic theories so that a return to the gold standard is the only option left standing.

Ninja Guy
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Good Inflation Article

Pigface and others be forewarned, this article is pro QE3 but it provides some basics on the current inflation situation and similarities to Japan.

http://www.nytimes.com/2010/11/20/business/economy/20charts.html?src=un&...

Observerofu
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When did preparing for the worst-while hoping for the best

become a whacked out idea. You guys will be the very ones begging at our doorsteps.

While Nuk whistles by the graveyard and Ninja places his complete faith in our Government I will continue to be watchful, prepare and make sure we are ready should something happen.

Maybe nothing will. I am sure everyone in New Orleans were told the odds of a direct hit by a Cat4-5 hurricane was slim to none as well.

That's why those like me who were prepared where not the ones everyone saw on TV with signs begging for someone to save them.

Get your signs ready fellows.

NUK_1
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Preparing for the worst is one thing

Screeching about the NEW WORLD ORDER, THE ILLUMINATI, and vast government and world conspiracies with zero shred of evidence is being delusional. Those comments are mostly from crazies, not people trying to prepare for when things get really bad or unforeseen disasters.

As far as New Orleans goes, everyone who has ever lived there like me knows one big fact by simply looking across the land: most of it is below sea level and Louisiana sits right in the path of many major storms. The general consensus was always that New Orleans always gets lucky when it comes to hurricanes and oh well, let's drink another 12 beers this morning. The luck ran out for them. As far as the odds? They have always been very high since the city existed.

Observerofu
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Nuk people need to know who the players are

an informed public is an aware public.

The Teaparty recent rise to power is a perfect example of that. These series of post where meant to inform. Apparently they have done their job.

I have shown you Andy Stearns in his own words Statements of The New Global Governance.
I have shown you Trumka's in his own words statements of the New Global Governance.
I have shown you Soros in his own words statements of the New Global Governance.
I have shown you Obama in his own words statements of the New Global Governance.

You don't want to believe their own words again that's not my problem.

Your comparison of Murdock to Soros however is a little nonsensical.

Murdock has never collapsed a Country's economy.
Soros has collapsed 4 and is proud of it.

Has never compared himself to God.
Soros believes he is Godlike.

Has never funded pro revolutionary anti-American groups.
Soros funds the Open Society Group headed by the man who started the SDS and Ruckus Society.

I have shown Soros has done all of that and MORE.

Murdock is also NOT an advisor to the President.

Soros IS an advisor to the President.

Murdock has NOT been to the Whitehouse.

Soros has been 3 times that we know of.

So your comparison does not even compare.

Georgia Patriot
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Zero Evidence of The New World Order?

What planet do you reside on? It's already coming, happening while many are asleep and apparently some in coma's. When the redistribution of wealth and power is complete the USA will be a third world nation. Wake up now America! -GP

Observerofu
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Ninja

What I would like to see is a Free Market Economy. Period. That means getting the Government/Fed out of the business of business.

The Fed is a shadowy entity that is beyond FOIA request and auditing. WHY?

Stability in the Free Market will correct the course. It always has.

So no I do not want the FED buying our debt. You see it's called the ripple effect. By buying our debt we create a BOND bubble not only here but in China, as well.

Bond-Market Bubble to Burst

http://www.businessweek.com/news/2010-09-03/bond-market-bubble-to-burst-...

Should that bubble burst we WILL see a massive devaluing of the dollar and rapid and rampant inflation.

Now you, Nuk and Bacon believe there IS NO chance of that happening.

But what happens if China quits buying our bonds. No chance of that either right?

U.S. Grows More Dependent on China

http://abcnews.go.com/International/america-depends-china-financial-cris...

"Under the widely held assumption that 70 percent of China's $2.4 trillion in foreign exchange reserves is invested in dollar-denominated bonds, Mr. Prasad told the commission that China probably holds about $1.7 trillion in U.S. government debt."
http://www.washingtontimes.com/news/2010/mar/02/chinas-debt-to-us-treasu...

"China’s vice finance minister, Zhu Guangyao, repeated Chinese objections Monday, charging that the US in the second round of “quantitative easing,” or QE2, “did not recognize its responsibility to stabilize global markets.” Nor, he said, did the US “think about the impact of excessive liquidity on emerging markets.”"
http://www.csmonitor.com/World/Asia-Pacific/2010/1108/The-Fed-s-move-to-...

We keep yanking the tail of the Tiger eventually it will turn and bite us.

China does not need us as badly as we need them now.

"The latest call came from China's central bank governor, who said on March 23 there should be a new international reserve currency. And a UN panel this week is to recommend moving away from the dollar and adopting a shared basket of currencies instead."
http://www.rferl.org/content/China_Others_Urge_Move_Away_From_Dollar_As_...

btw-China believes inflation is knocking on our door as well.

"China ordered lenders on Friday to lock up more of their money with the central bank for the second time in two weeks, stepping up its battle to pull excess cash out of the economy before inflation has a chance to take off."

http://ca.reuters.com/article/businessNews/idCATRE6AH31Y20101119

"China said on Saturday it would gradually make the yuan more flexible after pegging it to the dollar for nearly two years, a move that the U.S. government and others around the world have long been calling for.

"This is the first significant signal in years of a change in Chinese currency policy," Roubini, best known for having predicted the U.S. housing meltdown, told Reuters."
http://www.reuters.com/article/idUSN1915926720100619

Keep on listening to the Lame Stream Media. They will not report this. You have to go outside the US for the real World news.

kreedham
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Just Sayin

U.S.A.-the economy is bad and unemployment is high so after 2 years in power we throw the democrats out!

Georgia-the economy is bad and unemployment is high so after 8 years in power we just elect more Republicans!

GAltant
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What about the Bilderbergs

I prefer the Bilderbergs as my conspirarcy theory of choice. Google "Bilderbergs" and see what pops up.

bladderq
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Founders & the Bible

I am sure previous generations of non-believers have found the Good Book to be a good moral compass. Only 5 of the 10 Commandments are on the Supreme Court (guess which 5). There is alot of good socialist rhetoric found in those pages. I always wonder how many tithe? A lot of what is in the book can also be found in the Quran, including tithing. The 2 points I would make are: Is it really relevant what religious beliefs the founders held 200 years ago? They obviously meant to be all inclusive and wrote to enact no state religion. And 2. It’s not the word most of us have a problem with but who & how that word is interpreted. The same would go for MY Constitution.

GAltant
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Founders and the Bible

This is actually quite a scary conversation going on here..

Is GA Patriot one step from saying that the only real American is a Christian American? and what kind of Christian? The pilgrims were protestant, Ben Franklin was a Quaker and what about the early Jewish settlers who came due to religious persecution...

I guess they really don't count now, ever since Mr. Hate (Glenn Beck) has tried to build a case against George Soro as the ultimate enemy of America and quickly mentioned his Jewish past (not that has anything to do with it). Hitler did the same thing to unite Germany...he found an enemy for everyone to hate...Maybe Glenn wants the coming of the 4th Reich and is trying to stir the next Kristallnacht...

Georgia Patriot
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Truth
GAltant wrote:

This is actually quite a scary conversation going on here..

Is GA Patriot one step from saying that the only real American is a Christian American? and what kind of Christian? The pilgrims were protestant, Ben Franklin was a Quaker and what about the early Jewish settlers who came due to religious persecution...

I guess they really don't count now, ever since Mr. Hate (Glenn Beck) has tried to build a case against George Soro as the ultimate enemy of America and quickly mentioned his Jewish past (not that has anything to do with it). Hitler did the same thing to unite Germany...he found an enemy for everyone to hate...Maybe Glenn wants the coming of the 4th Reich and is trying to stir the next Kristallnacht...

This whole religion related portion of this thread started because I was challenged specifically on my personal beliefs. I mentioned that the very powerful Soros was scary/dangerous because he is a Marxist and atheistic. IMO that is NOT what America was founded on. It is funny how my personal beliefs were attacked but nothing was mentioned of marxism being wrong for America. At any rate I would like to ease your fears, I am not one step away from saying the only real American is a Christian. I am strong in my faith however and am not ashamed to witness for Christ. To ease your fears, here are my two main beliefs, directly quoted from scripture, if these scare you I apologize."And one of them, a doctor of the Law, putting him to the test, asked him, "Master, which is the great commandment in the Law?" Jesus said to him, "'Thou shalt love the Lord thy God with thy whole heart, and with thy whole soul, and with thy whole mind.' This is the greatest and the first commandment. And the second is like it, 'Thou shalt love thy neighbor as thyself.' On these two commandments depend the whole Law and the Prophets." (Matthew 22:35-40) -GP

bladderq
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What is Really Wrong & Repugs

I still don't know how our Guv Sunny has avoided being caught in a web of corruption that he is obviously caught up in and how long will it be before our new AnyDeal is in court. Even I am surprised that this happened before a TX jury. Good-bye Hammer (not MC Hammer) Justice Delayed

http://www.msnbc.msn.com/id/40362816/ns/politics-more_politics/

Observerofu
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Let ye who is without sin cast the first stone

Never a finer example of the difference between the parties.

One kicks their corrupt members out and let's justice prevail. The other gives theirs a standing ovation, pats them on the back and is forgiven.

When your party does these things bladder then you may cast a stone.

Cyclist
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Draining the swamp....

Next is Maxine Waters. She's the one that had a hard time deciding whether to socialize the oil companies or nationalized them? Does she even know what the heck she’s talking about?

bladderq
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Throwing Stones: Charlie wRangle v. da Hammer

If this is what you mean, I don't think Charlie will be indicted much less face a life in jail sentence. The outrage should be that what DeLay did was to attack democracy by stacking the deck. I don't believe the party expelled him but he resigned because he saw the writing on the wall. Let's not forget 2 staffers were convicted in the Abramoff payoff. And how did the Repug party deal w/ AnyDeal? O, they elected him guv.

Courthouserules
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152 ENTRIES ON THIS THREAD!!!!!

i'M NOT GOING THERE AGAIN!

THE QUANTITY OF COMMENTS IN TOTAL NOW ENDS UP IN THE STORAGE 1-3 PAGES BACK EVERY 4-5 HOURS NOW!

MUST BE A BETTER WAY TO KEEP UP!

Courthouserules
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I don't know.......

......if that method of getting to the last entry on a long thread, which is now there, (at the Soros article) (located by the number of replys ) was there before or not.
I had not seen it until today.

I suppose also there is a way to see last comment first if one wishes.

Would be helpful to some of us who aren't "hip," if those sort of things were recommended more clearly!

Thanks.

Davids mom
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Wow 153.

The process of the Ethics Committee works - regardless of 'party'. My concern: Georgia elected Deal as Governor. (He resigned his seat before his investigation became a reality)
Rangel is publicly humiliated; will apologize to the House. We'll see what happens to Maxine. Palin left before the 'scandal' hit the fan. Deal is elected Governor - with the possibility of being indicted. Will men and women of integrity become popular enough to be elected to govern?

Observerofu
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Dollar-Based System 'of the Past'

"Ahead of his visit to Washington this week, China's president calls the present U.S. dollar-dominated currency system a 'product of the past' and highlights moves to turn the yuan into a global currency."

http://www.foxnews.com/world/2011/01/17/chinas-president-calls-based-cur...

Observerofu
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Soros tied to over 30 news organizations

"Soros, who spent $27 million trying to defeat President Bush in 2004, has ties to more than 30 mainstream news outlets – including The New York Times, Washington Post, the Associated Press, NBC and ABC."

http://www.foxnews.com/opinion/2011/05/11/dont-hear-george-soros-ties-30...

I know shocking right, but the progressives all say Rupert Murdock is the problem.

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