Comments on: Progressives truly don’t understand the difference between wealth and money

By: Freddie Sykes

Freddie Sykes — Mon, 14 Jan 2013 03:07:31 +0000

As an independent, I would not let the codependent Republicans off the hook. For one thing, it allows you to argue the issue without assigning blame. My philosopy is Trust but Verify when dealing with Republicans and that you cannot deal with Democrats.

Peter Schift has a good video defining deflation and showing how the government underreports the true CPI with numerous examples:

By: Rhymes With Right

Rhymes With Right — Mon, 14 Jan 2013 00:45:41 +0000

Watcher’s Council Results…

OK, so here are this weeks full results: Council Winners*First place with 5 2/3 votes! Joshuapundit The Hagel And Brennan Nominations And What They Tell Us about Obama Second place with 2 2/3 votes Bookworm Room Progressives truly don…

By: Danny Lemieux

Danny Lemieux — Sun, 13 Jan 2013 18:48:02 +0000

You are right on the mark, Freddie Sykes. The government knows that the only way out of our debt is to deflate the value of its dollars owed to debt holders (i.e., inflate the price of goods). First, however, they must line the pockets of the insider cronies with cheap money so that they can be properly hedged against the consequences of their policies. It’s no accident that Democrat presidents, bundlers and other cronies leave office as multimillionaires.
Other countries are catching on to this. Once interest rates start climbing, as they inevitably must, then people will begin to appreciate how we have been looted.
There have been several articles posted recently that document how the government has been covering up the real inflation rate by playing games with the Consumer Price Index. This year will be no exception – look for very significant inflation in food prices, energy and health care. I’ve already read forecasts projecting that milk prices may double this year.

By: Freddie Sykes

Freddie Sykes — Sun, 13 Jan 2013 18:09:25 +0000

The act of increasing the money supply is inflation. The government has convinced most of us that the market’s reaction to the increase in money is inflation and muddles the situation by manipulating how it measures increases in prices.

One of the many insidious side effects of increasing the amount of money is that it takes a while for the markets to react to this devaluation. This means that the big banks and the Fed, which have first access to this new money receive, 100% of the face value while each subsequent entity gets money with less and less purchasing power. The government and its cronies always get the best deals.

I feel like deflation is the natural state in a free market industrial society. New products always cost more when first introduced but gradually reduce in price as the initial investments are recouped and economies of scale kick in. Deflation is the worst sort of evil for borrowers and our government is the biggest borrower of all. Hence, it has adopted a policy of planned inflation and artificial control of natural levels of interest rates. Expect the inflation defined as the market noticing the devaluation to really kick in once the Fed is no longer able to purchase the lion share of bonds.

By: The Council Has Spoken!! This Week’s Watcher’s Council Results | askmarion

Sun, 13 Jan 2013 03:47:44 +0000

[...] Second place with 2 2/3 votes – Bookworm Room – Progressives truly don’t understand the difference between wealth and money [...]

By: Bookworm Room » Watcher’s Council winners for January 11, 2013

Bookworm Room » Watcher’s Council winners for January 11, 2013 — Sat, 12 Jan 2013 12:06:34 +0000

[...] Second place with 2 2/3 votes – Bookworm Room – Progressives truly don’t understand the difference between wealth and money [...]

By: Watcher of Weasels Winners! Don’t Miss This! | Independent Sentinel

Watcher of Weasels Winners! Don’t Miss This! | Independent Sentinel — Sat, 12 Jan 2013 00:08:40 +0000

[...] Second place with 2 2/3 votes – Bookworm Room – Progressives truly don’t understand the difference between wealth and money [...]

By: The Colossus of Rhodey

The Colossus of Rhodey — Fri, 11 Jan 2013 21:49:48 +0000

Watcher’s Council results…

*First place with 5 2/3 votes! Joshuapundit The Hagel And Brennan Nominations And What They Tell Us about Obama Second place with 2 2/3 votes Bookworm Room – Progressives truly don’t understand the difference between wealth a…

By: Trevor Loudon's New Zeal Blog » The Council Has Spoken!! This Week’s Watcher’s Council Results – 01/11/13

Fri, 11 Jan 2013 18:44:26 +0000

[...] Second place with 2 2/3 votes – Bookworm Room – Progressives truly don’t understand the difference between wealth and money [...]

By: The Council Has Spoken!! This Week’s Watcher’s Council Results | Virginia Right!

Fri, 11 Jan 2013 15:45:43 +0000

[...] Second place with 2 2/3 votes – Bookworm Room – Progressives truly don’t understand the difference between wealth and money [...]