Quote:
Originally Posted by TheDoc
When you look at the pictures of Zimbabwe you see children walking down the street with 100k or 100m dollars or whatever, in hand. We aren't anywhere, at any level, at a point like they are.
That money Obama printed... isn't in mine and your hands. All Obama did was "extend the credit" of all Americans, extended credit doesn't hurt anyone. It's not real, our trade deficit isn't really a deficit either, it just is on paper because some man said so. That amount of extra b.s. didn't get printed and was never put into the economy of the world, other than on paper.
We are in the rapid inflation, we have been for a long time. At this point, if you take the value of the dollar out.
The killer reality of this is going to be.. everything we have ever purchased, house, cars, stock, money... is going to be worth more than the trash it ends up as.
Example... You pay $1000 for a computer here, the same computer in Canada costs half. Is your computer, or tv, everything electronic really worth double what Canada's is?
What Obama has done, in my opionion. Is help 'extend' this out so our Eco has a chance to actually balance or calm down.. which is what needs to happen. I "THINK" he is trying to set our Money value back to the 'people' and get it off the Stock Market Value.
That's a huge change that our Country needs.... it's going to hurt either way, but this way it happens very slowly.. so we don't feel the crush so bad AND it means it will go up and down, so people can make shit loads of money.....
My opionion.. I'm no expert..
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What I'm trying to get at is, under Robert Mugabe, Zimbabwe tried to "spend" their way out of debt in the country by printing tirllions from their central bank. Now, I understand that Zimbabwe's GDP isn't even close to what the US is, but then again, half of the US GDP is consumer spending, as we know. I'm not saying we will be as bad off as Zimbabwe, but I'm saying we are going the wrong direction by trying to spend our way out of this mess.
I'm no expert either.
Also, if you look at the Depression-that-never was in the early 1920's was completely averted by not spending and just allowing the Free Market to work. We would have had the Great Depression in 1920 if we had done otherwise. Of course 1930, totally different story. But what history shows is, not intervening like we are doing, actually helped us more than hindered us.