Is there really a solution at this point?

[taekwondave]

I'm curious: As I understand it, what our nation is essentially facing is a giant credit bubble, is that right?

And, being that it's a bubble, and bubbles pop, is it true that we are sort of just chosing between going into a depression for equilibrium to be reached again, or to avoid it by printing our way into hyperinflation and just restarting the currency?

I'm hearing a lot of stuff out there and honestly, I don't know what to believe. Did I get that right or once again, horribly wrong? Are we really just at the point we have to choose between a long-drawn our recession (depression) and a Germany-like hyperinflation?

You guys always know so much more than I do about this stuff and seem to pick through it all pretty well. I know I already posted a thread as a cry for help/knowledge just barely regarding the Super Congress thing but... little help?

[taekwondave]

Oh, and I took Econ for the SECOND time this semester and tried REALLY hard. I still only managed a D. So I'm not being all sneaky or anything where I feign ignorance only to come bursting forth with some snide, snarky, strong opinion. I really am lost on this.

[taekwondave]

I'm gonna take the radio silence on this one and just say... nobody has any f***ing idea?

[jay santos]

Don't fall prey to the gloom and doomers. They're politically motivated.

[byu71]

I'm curious: As I understand it, what our nation is essentially facing is a giant credit bubble, is that right?

And, being that it's a bubble, and bubbles pop, is it true that we are sort of just chosing between going into a depression for equilibrium to be reached again, or to avoid it by printing our way into hyperinflation and just restarting the currency?

I'm hearing a lot of stuff out there and honestly, I don't know what to believe. Did I get that right or once again, horribly wrong? Are we really just at the point we have to choose between a long-drawn our recession (depression) and a Germany-like hyperinflation?

You guys always know so much more than I do about this stuff and seem to pick through it all pretty well. I know I already posted a thread as a cry for help/knowledge just barely regarding the Super Congress thing but... little help?

I heard Glen Beck on the radio this morning say US Currency will be worthless in 4-5 years. He kind of was off that kick for a while, but now he is back on it.

It will be real interesting to see how this works out. You have two really extreme forces in pretty powerful positions right now, libs and far righties. As long as they both hold to their "no budge" policies, perhaps we will be in trouble for a while.

Sounds like the Euro's are going to ease rates and back off their fight inflation policy. That could eventually help.

[taekwondave]

Don't fall prey to the gloom and doomers. They're politically motivated.

Hm. I see a problem with gloom and doom to a degree, but it's not like we made up the German hyperinflation, right? It's not like such a thing isn't possible. And, it's not like the government has quite as much power over the economy as they would like, right? I mean, we ARE in a very long recession right now, aren't we? So on what are you basing your confidence? I mean, chanting that the world is going to end is one extreme I don't buy, but is there something I should know that you already do that makes you so sure that a depression or hyperinflation is not in our future?

I mean, you say "politically motivated" and that's fine, but whose politics? Not the Republicans. Not the Democrats. You mean the Libertarians? All 15 of them? Give me something here besides a blind reassurance. Please.

[Maximus]

Not one that takes considerable concessions that neither side is even talking or thinking about making.

[jay santos]

Hm. I see a problem with gloom and doom to a degree, but it's not like we made up the German hyperinflation, right? It's not like such a thing isn't possible. And, it's not like the government has quite as much power over the economy as they would like, right? I mean, we ARE in a very long recession right now, aren't we? So on what are you basing your confidence? I mean, chanting that the world is going to end is one extreme I don't buy, but is there something I should know that you already do that makes you so sure that a depression or hyperinflation is not in our future?

I mean, you say "politically motivated" and that's fine, but whose politics? Not the Republicans. Not the Democrats. You mean the Libertarians? All 15 of them? Give me something here besides a blind reassurance. Please.

IMO, it seems nearly everyone that talks gloom and doom in the media either has some financial incentive or some political incentive, ie calling out the prez or congress or some group for not talking the action the person wants.

[GrizzledVeteran]

I think this may turn out to be one of those times where the blind squirrel gets its nut.

[YOhio]

Fear not doom and gloomers. Speaking today in Dayton, Ohio, consumer warrior Clark Howard says we will again thrive as a nation.

Howard promised listeners that “so many things are coming that we never could have imagined.”

[BlueHair]

We have some really tough times ahead, but we'll figure it out.

[SportUTE]

I'm curious: As I understand it, what our nation is essentially facing is a giant credit bubble, is that right?

And, being that it's a bubble, and bubbles pop, is it true that we are sort of just chosing between going into a depression for equilibrium to be reached again, or to avoid it by printing our way into hyperinflation and just restarting the currency?

I'm hearing a lot of stuff out there and honestly, I don't know what to believe. Did I get that right or once again, horribly wrong? Are we really just at the point we have to choose between a long-drawn our recession (depression) and a Germany-like hyperinflation?

You guys always know so much more than I do about this stuff and seem to pick through it all pretty well. I know I already posted a thread as a cry for help/knowledge just barely regarding the Super Congress thing but... little help?

If you really want to get a good understanding of our move to fiat money and why the gold standard was a disastrous monetary mechanism during banking panics I can recommend a few resources:

"Lords of finance" - Talks about the Central bankers of Germany, France, Great Britain and the US leading up to and including the Great Depression

"The Money Illusion" blog by Scott Sumner.

I would love for Glen Beck to put his money where his mouth is and make a reputational bet of $1,000,000 about all of this drivel or shut up about it entirely.

Sent from my DROID X2 using Tapatalk

[taekwondave]

If you really want to get a good understanding of our move to fiat money and why the gold standard was a disastrous monetary mechanism during banking panics I can recommend a few resources:

I don't support a gold standard, if that's the impression I gave.

[taekwondave]

It seems smart to buy gold and silver in shaky economic times, but that fact seems to make people think that we ought to base our money on gold and silver, which I really don't think is the case. I watched the Money Masters video a while back. It seemed to explain it pretty well. Bill Still. Anybody seen that and agree/disagree with it?

[jay santos]

It seems smart to buy gold and silver in shaky economic times, but that fact seems to make people think that we ought to base our money on gold and silver, which I really don't think is the case. I watched the Money Masters video a while back. It seemed to explain it pretty well. Bill Still. Anybody seen that and agree/disagree with it?

Sure, if you could define "shaky economic times" perfectly as well as when the market pulls out of those skaky economic times.