Inflation vs Deflation

[liberty]

While the number of present retirees with tiny savings is troubling, that's nothing compared to the even bigger numbers of future retirees who are making huge mortgage payments at the expense of retirement savings. They're betting everything on a continually rising housing market as a retirement fund. We all know how well that worked out for Americans.

The basic problem with inflation is this: printing pieces of paper does not make you wealthier. It doesn't matter who prints them, whether it be a central bank or Congress or Parliament.

[Fransisco]

More people have "stuff" than you might think. Most peoples retirement money is tied up in stocks in one way or another. RRSP's, mutual funds etc. Stocks are stuff too. Deflation would bring the value of all them down as well.

Now forget about what the fed is doing with the money supply for a second and think about what's going to happen to the value of stocks once the baby boomers start cashing in their retirement savings. That is another potential deflationary event just around the corner.

[BTO_farmall]

Liberty says - " Average Joe Citizen can do nothing to change what these institutions do."

Uh, Uh, Uh, Not So Fast Sonny!!!!!!!!!!!!

"This country, with its institutions, belongs to the people who inhabit it. Whenever they shall grow weary of the existing government, they can exercise their constitutional right of amending it or their revolutionary right to dismember it or overthrow it."

-- Abraham Lincoln, 4 April 1861

[liberty]

As much as I would agree with Lincoln's sentiments in this regard, I just don't see a significant political consensus in this nation or any other for cutting spending and ending the ruinous policy of monetary inflation. Too many people view the welfare state as too big to fail, and they are going to push the envelope for more spending and more inflation right up until the very moment that it does fail. It would take at least a generation to convince enough people of the folly of this approach, and we simply don't have a generation to go before the whole mess collapses.

[BTO_farmall]

Realize We only Need to Wake up 20% of The Population to Stop This Mother F#ckin Thing Dead in its Tracks!!!!!!!!!!!!!!

[BTO_farmall]

Salute Me, Ya'll Soldiers!!!!!!!!!!!!!!!!!!