Jeebus, stupid.. Look at the chart. Just because he started with Sept 2008 at the bottom rather than the top doesn't make it say that inflation was growing.
WHOAH EVERYBODY! Better look out for that inflation!
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Sammy Jankis
Was it me?
Im not talking about the chart. Im wondering how massive inflation is the beginning of a deflationary spiral. What is the causality there?
The post was about the fricking chart, it was even quoted in the post.
Seriously this is the stupidest I have ever seen you!
What the hell? He posts a chart where inflation went from 4% in September to .03% in January (notice it goes to near zero from four) and I noted that it appeared to be the beginning of a deflationary spiral (going down, if it followed the trend it would go into the negatives which would mean deflation).
Then you say I said something else.
It's fricking retarded.
You did notice that the title of the post was sarcasm, right? And that the chart was put "upside down" so you would mistake it for an inflationary trend rather than one of deflation...
Pretty much. However, I can see people seeing inflation go from 4 to .03 in a few moths and hearing all the "crisis" speak and getting pushed into making stupid votes.
But ignoring the trend downward in inflation could be a mistake. If loan to value drops to much (250K home when you bought it worth 150K and you still owe over 200K) people will walk away from loans, banks will be in the same position that they were just in.
The economy is a complex network where myriad things effect each other.
And saying, "When did we last see one?" doesn't mean that they are not possible.
Sammy Jankis
Was it me?
It's still moronic to believe that with all the money being created now that we're at the beginning of deflationary spiral. Seriously mentally handicapped, in fact.
Immanuel
Junior Member
And, I never agreed with his statement that massive inflation is the beginning of a deflationary spiral. I simply stated that before every inflationary period is a deflationary period. Technically speaking he is correct in that one begins at the point the last ends.
The market is cyclical and eventually, if President Obama's massive creation of money does as is expected and put us into a period of inflation, then someday... somehow... things will again turn around and we will go into a deflationary period. Well, that is assuming that we as a nation last that long.
Immie
1. I said it was indicative, not that it was certain.
2. I don't think we are at the beginning of a deflationary spiral and should have spent more time explaining my post. The problem was I had very little time as I made the post during work hours and had to be quick.
3. I think that the Obama camp used numbers like that to create an artificial crisis that allowed them to panic legislators into voting for crap.
There is no way we're going to go into a deflationary spiral. We'll just print money to take us out of that and shore up the crappy debt-based economy.
I wish we would base our economy on something of value rather than the inane idea of controlled inflation and debt.
Topspin
Verified User
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Okay. When was the last time a large meteor struck the earth? Since it happened so long ago, that means it can never happen again right?No it means I debunked the fuck out of it because you can name 1
Seriously, it is a silly argument that you made.
Deflation is harmful to a debt-based economy, just as inflation is. That's why fiat currency programs try to control it.
I agree with that. I've been telling people that they should buy gold for some time now for this very reason. We need to invest in things that have value of their own, because we are still vested in a fiat economy based on spending rather than production.
Sammy Jankis
Was it me?
Im not anti-semitic, I just can correctly identify judaism as the elitist theocratic faith it is. And Im willing to discuss the undue influence the Israel Lobby has on our government.
FUCK THE POLICE
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I'll be laughing at you when the gold bubble pops.
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Money has value in itself as a medium of exchange. Linking it to the gold-bubble would be a disaster.
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There is absolutely no chance of us experiencing hyperinflation to any degree. I don't know how to put this strongly enough. For the first time in decades, inflation was flat for two months. You people have no idea what you're talking about when it comes to the money supply.
Sammy Jankis
Was it me?
Fiat currency is the statist noose around our neck. Truly, nothing else matters as much. It is a totalitarians wet dream, to lock all resource to a currency and decide then, who gets it, and how much at their own discretion.
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Wow. ONLY going from 5.5% to .03% in a few months. How ridiculous to get worried about that, eh? It's not like it's the first time it's happened since the great depression.
Sammy Jankis
Was it me?
I'd say hyper-inflation is inevitable at this rate.
FUCK THE POLICE
911 EVERY DAY
WHAT massive inflation?