Hyperinflation-The Next Shoe To Drop
 

A couple of good videos.
I went to the grocery store of a large Supermarket chain & the prices for goods that I normally buy has gone up 25%!
Gas is at $4.50 a gallon!

http://www.youtube.com/watch?v=AMY3aJwhfqg
http://www.youtube.com/watch?v=WI1i5...eature=related
http://www.youtube.com/watch?v=r5ifr...eature=related

Re: Hyperinflation-The Next Shoe To Drop
 

Did you buy the book, Ron?

Re: Hyperinflation-The Next Shoe To Drop
 

We will experience hyperinflation, but not until late summer/early fall.

Re: Hyperinflation-The Next Shoe To Drop
 

Time to buy gold and silver?

Why save if the money we save will be worthless?

Re: Hyperinflation-The Next Shoe To Drop
 

Now is not the time to save.

Now is the time to pay off everything you possibly can.

Eliminate debt.

Make it your goal to "owe no man." Those with debt are gonna be in a world of hurt as this economy sinks further into the abyss.

Now is the time to store up some things you know you will need over the next two years.

Get a wood fireplace or stove. Obama is going to tax energy consumption.

Find a job closer to home. Gas prices are gonna soar toward the end of this year.

We are just now through the initial phase of this collapse.

This is going to get much, much worse.

2009 will go down in history as the year America lost its way.

Foreign powers are watching with glee, and I would not be surprised if we are not tested soon.

Re: Hyperinflation-The Next Shoe To Drop
 

Oh, you are such a doom and gloomer. Haven't you heard that Congress is going to spend our money to get us out of the is little recession? Why it will be all over before 2010 cause the President is not taking small steps on this thing, he is creating great change and doing what the election mandated.

NOTE:The previous message was total sarcasm and should be taken as such and only as such.

Re: Hyperinflation-The Next Shoe To Drop
 

I agree he is gonna tax energy. It's sickening that the bailout is not going to help those that really need it but in the end to pay off all the debt they are going to tax those that really needed that money even more. I love the "we won't tax you"....in income tax through the IRS subterfuge...they are going to tax you in other ways. Obama was heard saying about the 4$ gas we had recently that he was fine with it. That he just didn't like that it went high so fast.

Why? That is his way of helping the green people. While he and gore take limos he wants all us to bus. You can be sure our gas prices will be going up and up, but not all by inflation

Re: Hyperinflation-The Next Shoe To Drop
 

I would largely agree with this.

I too was blown off and called an alarmist when I stated over a year ago that a 14,000+ DOW was insane, that it should not be over 7,500, and to buy bullion, invest in the Yuan, and energy stocks. Anyone following that advice would have made a killing.

There are two more disasters which will hit before hyper-inflation does.

Wife yelling to head out door. Daughter's school choir program tonight.

Will post about the other two (BOTH bigger than the sub-prime mess) when I get back.

Re: Hyperinflation-The Next Shoe To Drop
 

I've been reading Crash Proof. It is interesting.

Re: Hyperinflation-The Next Shoe To Drop
 

Went up since when?

Re: Hyperinflation-The Next Shoe To Drop
 

Save these posts, and we'll see.

The hyperinflation in the Wiemar Republic was fueled by the greedy and needless reparations that the French demanded at the end of WW1. To pay that debt the Germans simply printed paper and didn't care about anything else. After the "betrayals" that led to revolution, collapse and their surrender in 1918, they became very nihilistic.

We've been "paying" our foreign debt with T Bills and derivatives, "funny money" that doesn't directly impact our economy, but whose worth is very dependent upon a healthy US economy.

The Obamara has only just begun. On the eve of his visit to Canada, Russian long range nuke bombers "strayed" toward Canadian airspace until Canadian fighters escorted them back out to sea. How's that for "testing" the new guy. Obama did very little to support our Ukrainian allies last month - of course he was still just getting his feet wet, but the Russians were looking.

We still control our own future here. If everyone goes running into the streets in a panic the we will have panic. If everyone simply knuckles down and works a little harder the we will profit. All of this fear mongering actually plays into the hands of those who would love to take control of your lives.

Our Dispensationalism also makes a number of things almost predictable. If we truly believe that a dictatorship is inevitable, then guess what we're going to get? Good people will drop out and cocoon in their bunkers and the bad guys will take over.

You'll get your "Tribulation" and all - except for some reason you just won't be able to make Jesus come back like you thought He was supposed to. So you and the good people you failed to support will all be herded together for "re-education" and/or extermination. There will be no one to blame but yourselves.

And in the new world that will arise, people will ask "Jesus Who?"

Re: Hyperinflation-The Next Shoe To Drop
 

I think some hard times might do America good. It's time people wake up - in more than one regard.

Re: Hyperinflation-The Next Shoe To Drop
 

Who said anything about dispensationalism, Pel? No one mentioned eschatology.

How about simply learning from the past?

Re: Hyperinflation-The Next Shoe To Drop
 

I'm no economic expert, but I do work as an executive for a grocery chain in Texas, and have alot of knowledge on upcoming pricing trends. For the most part food prices will not be rising much in the near future.

Re: Hyperinflation-The Next Shoe To Drop
 

That would be the preferred method, but... http://www.apostolicfriendsforum.com...cons/icon7.gif

The talk did include the apocalyptic tone of stocking up food supplies. Nobody mentioned a bunker or compound, per se; but that comes right after we git our women corralled.

Dispensationalism is the preferred eschatology among Apostolics, especially among those who have to look up the word to see what it means. There is a dire mindset that comes with this teaching - one that I think most Dispies try to avoid, but the language is rife with anti-social jibes and a gloom "ho-hum, the world's going to end" kind of mentality.

I try to make it a point to speak out against those tendencies. We need each other and we need the political strength that comes from our numbers. If the enemy (or even we ourselves) can get us to divide up into little isolated subsets and sub-sects then they can easily pick us off one by one.

There's going to be a "Morning After..." whether we can hold on through the night or not. So, let's dust ourselves off, git the women out of the corral, share the Raman with a food bank and march bravely into our destiny. http://www.apostolicfriendsforum.com...ons/icon10.gif

Re: Hyperinflation-The Next Shoe To Drop
 

Can I be post trib and not be a dispensationalist?


Just curious Pel, where does the "women in the corral" phrase come from? Was that on the Posieden Aventure too?

Re: Hyperinflation-The Next Shoe To Drop
 

You know, I'm used to the mockers Pel. Get in line.

I remember talking (on AFF) about a coming recession a year and a half ago, and getting laughed to scorn.

This is reality, Pel. Get used to it.

America as we knew it is already gone.

I have no idea if the "world is going to end" and I haven't brought prophecy into this discussion at all. You have assumed entirely too much.

Is Warren Buffet a "doom and gloomer?" George Soros? Ted Turner?

Every single government agency that deals in economics paints a "doom and gloom" picture for years to come.


Only a fool or insane person ignores reality, and refuses to prepare for his future.

Re: Hyperinflation-The Next Shoe To Drop
 

I agree.

Deflation is occuring right now.

Hyper-inflation will follow unless Obama enacts a few more socialistic economic policies.

Re: Hyperinflation-The Next Shoe To Drop
 

There are two more blows coming to the US economy which combined will dwarf the sub-prime debacle.

Usually I dig things out on my own, this time I had help. As a member of the Association of Certified Fraud Examiners, and Bar of Texas, I can access the discussions in the ACFE and the State Section of Consumer Law which give a heads up on what is coming.

The usual estimate of loss on the sub-prime is around 905 billion.

The coming attractions

1. Defaulted consumer credit

2. Alt A mortgages.

Defaulted consumer credit- With years of granting easy credit to people who were not really credit worthy, and then passing laws making these debts NOT able to be discharged by bankruptcy, the scene is set for yet another disaster. Companies like Sears have been losing money from their brick and mortar for years. Their only profit center, bringing in commercial paper from easy term (no payment for 12 months etc) FICO challenged individuals and factoring that paper to third party collectors. When that collaspes even more blue chip defaults, conservatively estimated at 915 billion.

Alt A mortgages- the loans between prime and sub-prime. These are loans made to individuals and small businesses which would qualify for prime except they couldn't quite come up with documentation. Example self employment income, or not documenting the collateral in startups. As a further ripple effect through the economy, combined with unheralded outright fraud, this market will collapse. Estimated short fall, conservatively over twice the sub-prime, or 2 trillion or better.

They are not the only landmines left but they are a couple of the most imminent.

So the government has a classical Morton's fork. Allow large scale collapse of much of the marketplace or print worthless money to throw at the problem, causing unbridled inflation.

Correct management could head off a worldwide multi-year depression, but the steps being taken will make the situation worse not better.

I am all for a stimulus plan. Creating jobs to rebuild infrastructure is actually a great idea. However, in the current plans real stimuli are buried under mounds of pork barreling and insane expansion of pure welfare programs. Both of which will add to further weakening of the economy.

Re: Hyperinflation-The Next Shoe To Drop
 

I don't remember anyone laughing you to scorn. We sure have a lot of pariahs on this board lol

Re: Hyperinflation-The Next Shoe To Drop
 

James, you're talking "depression"!! Any advice for the average person who wants to be prepared, as much as is possible, for the future?

Re: Hyperinflation-The Next Shoe To Drop
 

You must have a very short memory.:nah

Re: Hyperinflation-The Next Shoe To Drop
 

I'm not mocking EA, and you are correct about "fools." And eventually, there will be an eschaton - even if just an end to the good ol' USA.

The thing is - we can do somethings to mitigate the effects of the natural turn downs in the business cycles. For example, putting a tighter reign on debt and our free spending ways. Brother Griffin has pointed out two big shoes that may drop on our heads soon related to this.

Another thing we can do is to stop cooking the books. That way when the down turns come we don't have to add a lot of our "evangelistic accounting" to the write downs and deepen the slide.

Hyperinflation can be easily avoided by just turning down the output from the Federal mints. The many other factors are just the piper demanding payment. He held off the rats for us, now he wants our children.

The only real answer is freedom and responsibility. Freedom will allow us to grow our economy, and responsibility will make certain that it's a healthy and balanced economy.

And yes, Buffett, Soros and Turner are "doom and gloomers." Each has a long record of that, especially Turner.

Re: Hyperinflation-The Next Shoe To Drop
 

This morning's news on Warren Buffet's "doom and gloom" -

"“The economy will be in shambles throughout 2009 -- and, for that matter, probably well beyond,” said Buffett. “Though the path has not been smooth, our economic system has worked extraordinarily well over time. It has unleashed human potential as no other system has, and it will continue to do so.

Buffett, an informal adviser to President Barack Obama, said the consequences of the U.S. housing bubble are now “reverberating through every corner of our economy.” Gross domestic product shrank at a 6.2 percent annual pace from October through December, the most since 1982, the Commerce Department said Feb. 27.

Late last year, “the credit crisis, coupled with tumbling home and stock prices, had produced a paralyzing fear that engulfed the country,” said Buffett, 78. “Fear led to business contraction, and that in turn led to even greater fear.”

All we have to fear is fear itself.

Re: Hyperinflation-The Next Shoe To Drop
 

People have got to realize why Buffet, Turner and Soros are preaching doom and gloom. Those men are sitting on Billions wanting to invest. As long as they are forecasting that then the market confidence stays low and they can invest very cheaply.

It is all about the money with those guys. Soros is the one who shorted the Bank of England and made a couple of Billion on the deal if I remember.

You can't take anything they say to the Bank except follow their wave they are making and try to make some money on their comments.

I can't remember Soros, Turner or Buffet forecasting much two years ago! If they are our indicators, where was the indications 2 years ago?

Re: Hyperinflation-The Next Shoe To Drop
 

Turner has been so deranged in recent years that most people in the media have just tried to politely turn away.

And were was George Soros this past fall when everything was coming down and the Democrats needed their "October Surprise?"

http://i219.photobucket.com/albums/c...rge_soros2.jpg

Re: Hyperinflation-The Next Shoe To Drop
 

:ursofunny:ursofunny

When we need indicators we will find something more in line with Chrisitanity
!

I do believe God can give us better direction than Soros/ Buffet/Turner!

Re: Hyperinflation-The Next Shoe To Drop
 

Is that the stairway to heaven and he's going the wrong direction?

Re: Hyperinflation-The Next Shoe To Drop
 

I almost expected to see the "Branham halo" in this picture. If I was a photoshop guy, I would add one. :D

Re: Hyperinflation-The Next Shoe To Drop
 

In the book I am reading (Crash Proof, that was talked about on the third video here) he says that often, welfare programs are funded with inflationary dollars created by the government, meaning that it's not real money...just fluff. He says that the government loves this because they are "giving" to people in need and they can hide real problems behind inflation. What do you know about this? I am just learning these things so I'm not sure if I explained it real well. I have been concerned (although not educated) about the larger economy for a very long time. Seems to me that it only makes sense when you have that large of a debt and throw money at everything that there will come a day of reckoning.

Re: Hyperinflation-The Next Shoe To Drop
 

That's an interesting point.

Re: Hyperinflation-The Next Shoe To Drop
 

Even Ducks understand Inflation!:D

http://www.youtube.com/watch?v=ggxX1...eature=related

Re: Hyperinflation-The Next Shoe To Drop
 

No, but I have talked with someone very familiar with Macroeconomics & this scenario is quite likely!

Re: Hyperinflation-The Next Shoe To Drop
 

Amen!
Grow a garden, start baking, canning, your own goods.
Putting a little food stuffs away is not fear mongering, it is prudent.
Even the animal kingdom put food away for the winter.

Re: Hyperinflation-The Next Shoe To Drop
 

Gold & Silver are good hedges against inflation.
They are what is known as "hard assets!"

Re: Hyperinflation-The Next Shoe To Drop
 

Okay! My husband and I have been watching this situation for several months. We are both on fixed incomes- so we understand that inflation is our worst enemy. We have tried to plan ahead- pay off most debts, all accept for the house, but we do have another house that is paid for- We are talking about stocking the pantry with non perishables so we can have something to eat. What do you plan to do to prepare for the times that are ahead?

Re: Hyperinflation-The Next Shoe To Drop
 

I think what you are doing is great, reduce/eliminate debt, stock up on non perishable items (especially if on sale) you are better off than most.
Do you have a garden?

When Russia's economy collapsed in the early nineties many people survived by having dacha's (small homes in country) & grew thier own food.

Re: Hyperinflation-The Next Shoe To Drop
 

No, but we do live on an acre of land- and we can garden- My husband loves the survivalist stuff and is making a list of non perishable foods that we can stock up on. He has spent his morning researching and making a list.

Re: Hyperinflation-The Next Shoe To Drop
 

It can't hurt & if things don't turn out as bad as we think it will, that food will get eaten sooner or later.

So it is win-win.:thumbsup

Re: Hyperinflation-The Next Shoe To Drop
 

If you look closely enough, you will see "the light" emmanating from his left hand as he gestures.

http://i219.photobucket.com/albums/c...rge_soros2.jpg