Economic collapse from Inflation or Depression is still economic collapse

These morons think they can just keep printing money and dump it in banks as the solution to the economic crises. Whole nations already are being slaughtered by inflation as I speak and the impact of these inflationary actions have not even hit yet and won’t for about a year or two. The inflationary impact of creating money out of nothing and the deflationary effect of a world going into recession and more government regulation and higher taxes ought to put on a good battle for the next few years. What will win out? Will the world economic collapse come from a new depression or from inflation? The world economic Gurus are walking a high wire on Wall Street in the eye of a hurricane it does not even matter what direction the wind comes from next it is certainly coming. Economic collapse through inflation or depression is still economic collapse.

Asia Times Online :: Asian news and current affairs

The morons in the eurozone have just been given another reminder that continuing to create excessive amounts of money and credit is suicide-by-inflation, as the UK found that last month’s inflation hit 5.2% year-over-year - the highest it’s been for over 16 years! Yikes!

So, price inflation is the highest it’s been in a couple of decades, and at the high end of inflation throughout history, and yet these European halfwits are shoveling more money into the economy with every corrupt fascist idea that they can come up with? They must have American economists on their staffs! Hahahaha!

“The US Federal Reserve
announced it was making unlimited amounts of dollar funds available offshore to be distributed by the European Central Bank, Bank of England and the Swiss National Bank.” Gaahhh!

The Fed is now giving foreigners “unlimited amounts of dollar funds”, and yet I cannot get another dollar with which to turn my ordinary burger-and-fries dinner into a Grande Feast of double fries and two perfectly-fried all-beef patties? What in the hell is going on here?

The reason is because we have fiat dollars and unrestrained fractional-reserve banking, and as Mr Ackerman attests, “The dollar is already completely, fundamentally, wholly, absolutely and irrefutably WORTHLESS. And the US is b-a-n-k-r-u-p-t. This means that the dollar’s value is purely a figment of the herd’s imagination.”

Instead, this guy says, “Forget inflation, guys.” Forget it! My mouth was hanging open in disbelief at those words, and he says that what is happening “is serious, the real McCoy, and you don’t have to worry about little things like inflation. Global growth will slow down, commodities will be weaker for awhile, and inflation is a thing of the past.”

He actually said, “little things like inflation”! Inflation, the thing that destroys whole economies, is a “little thing”? Hahaha! This is indeed news!

I figure that he is almost certainly wrong, in that, inflation not merely “a thing of the past”, but rather, it is going to get worse and worse and destroy us all, definitely starting within next nine months to a year as all of these trillions of new dollars being created and spent by the Treasury and the Fed starts working their sinewy, cancerous way through the economy, making prices rise and rise, portending calamity, like a big pimple on the end of your nose.

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