Posts Tagged ‘inflation’

QE3 Announced

Posted by Troy on 13th September 2012 in Current Events

“And we will keep printing money until the economy is roaring again!”  Yeaaaaaaa!!!!

Well, I guess it’s official.  Obama will do anything to be re-elected.  They are going to start buying debt and keep buying debt until unemployment falls, which of course, probably wont’ work.  It will also weaken our dollar tremendously and hurt the value of our debt.  We’re gonna have to pay a lot higher interest rates in the future to trick China into giving us more money.

So the stock price jumps.  Great.  Of course, we have already tripled the money supply.  Inflation’s on the way, and there’s nothing that can be done to stop it since we’ve decided to triple down on a tactic which didn’t work the first two times.

Long Live the Constitution!

It’s not the end of the world

Posted by Troy on 28th September 2011 in Current Events

There are some fear mongers saying that the US currency will be replaced as the global currency due to our inflation and our run away debt.  The fear mongers typically tell you to buy silver and go through all the nightmare possibilities.  I am here to ease your mind:

1) These people are selling silver and want to make a profit.

2) We’ve had inflation before and remained the global currency (1970s).

3) I believe the American people have awakened to the truth that we are going broke and we’re going to have to cut spending.  I believe this will translate to elections where savers, not spenders, are elected.

4) Even if I’m wrong, it’s still not the end of the world.  Plenty of world powers have fallen (Britain, France, Germany, Russia, et cetera), and they continue to exist and the world did not end.  The American people are fighters.  Hitting bottom might be the wake up call we need to end our Socialism experiments.  Of course, it’s important to note that the crazy Revolutionaries/World Government morons are in the wings waiting to overthrow the Constitution.  This is the one thing we cannot allow to happen.

Long Live the Constitution!

Fool’s Gold

Posted by Troy on 30th March 2011 in Current Events, Political

Anyone who promotes gold in case of the “collapse of the dollar”/”downfall of society” is being disingenuous.  First of all, if you really believe such a thing is going to happen, what are you going to buy with gold?  One ounce is $1,500.  Are you going to chip off a little for a loaf of bread?  That brings up the second point.  If this happens, you’re not going to find food.  Third, even if you find food, no one is going to want to sell it to you for cash or gold or anything else.  A potato is worth a potato.  In the face of starvation, gold is completely worthless.  $1,500 buys a ton of food right now.  You’re much better off buying a lot of durable (canned etc) foods and hoarding it.  This can also be bartered easily.  You’re much better off buying some food, guns for protection, and some land in the country for farming and hunting if it comes down to it.  The final point I want to make is that gold actually makes you a target.  You go around paying for stuff in gold, you’re gonna get killed.