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Thread: Holy shit! MASSIVE INFLATION!!!! WE'RE ABOUT TO BE ZIMBABWE!!!!!!

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    Default Holy shit! MASSIVE INFLATION!!!! WE'RE ABOUT TO BE ZIMBABWE!!!!!!

    http://www.bls.gov/news.release/cpi.nr0.htm

    0.4% inflation in February.
    "Do not think that I came to bring peace... I did not come to bring peace, but a sword." - Matthew 10:34

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    The typical lag in Monetary policy is 12-18 months, with how slow velocity is now it may even be longer. We've been printing money like crazy for only 6 months. Give it time if no seious inflation in the next 12-18 months you may have a point, I however doubt it.
    GFY

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    Japan printed massive amounts of money in the late 90's and still went into a deflationary spiral.

    We're Japan.
    "Do not think that I came to bring peace... I did not come to bring peace, but a sword." - Matthew 10:34

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    I don't know the numbers on Japans money supply during that period then but if what we're doing now will make us like Japan in the lost decade then no thanks to that either.
    GFY

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    Quote Originally Posted by Obfuscate View Post
    I don't know the numbers on Japans money supply during that period then but if what we're doing now will make us like Japan in the lost decade then no thanks to that either.
    What we're doing now is what Japan did too late.
    "Do not think that I came to bring peace... I did not come to bring peace, but a sword." - Matthew 10:34

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    Quote Originally Posted by Watermarx View Post
    What we're doing now is what Japan did too late.
    Keynesians always have excuses:

    "They didn't spend enough in the Depression"

    "Japan started too late"

    "It's not the Phillips curve that's flawed it's OPEC"

    ect ect
    GFY

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    At best we are deferring some pain till later, but it will be paid.
    Bush doubled the debt from 5 trillion to 10 trillion.
    Proving tax cuts work!

    Bush asked for and signed for the TARP money.
    The Republican senate leader backed Bush on this.

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    Quote Originally Posted by Obfuscate View Post
    Keynesians always have excuses:

    "They didn't spend enough in the Depression"

    "Japan started too late"

    "It's not the Phillips curve that's flawed it's OPEC"

    ect ect
    Neo-liberals always have excuses.

    "Hoover was really a socialist. He did way too much!"
    "Do not think that I came to bring peace... I did not come to bring peace, but a sword." - Matthew 10:34

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    Quote Originally Posted by uscitizen View Post
    At best we are deferring some pain till later, but it will be paid.
    No it won't. Nobody will call in this debt. Nobody will advocate switching currencies either. China has too many dollars to do something so stupid.

    I think you've been puffing on yellow_peril's stubby yellow cock a bit too long.

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    By 2012 the republicans will be saying if only Bush had stayed in there would have been no recession.
    Bush doubled the debt from 5 trillion to 10 trillion.
    Proving tax cuts work!

    Bush asked for and signed for the TARP money.
    The Republican senate leader backed Bush on this.

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