Who is talking inflation?

[rhoff]

Errol post war Germany is a text book example of
how money printing caused hyper inflation. Not
deflation. Cash was king only if you were talking
about wallpaper. And as far as Japan goes they
are just starting to attempt massive easing. Abu-
nomics. They will basically print enough to
convince even the seniors that cash is not king.
Monitary and fiscal stimulus promotes asset
bubbles and the central banks can't see it this
time because they are in the middle of the asset
bubble-bonds.

[cottonpicken]

I'll give you one thing Errol,your starting to
understand the magnitude of the situation.

My disagrement is on how everyone reacts.

Here is a very simple but true analogy.

The saskatchewan teachers pension plan is unfunded
by 5.4 billion dollars.

There are a about 1000 active members paying in.

15000 members collecting payment.

3000 inactive members.

(these numbers are from memory not 100% accurate)

So we know there is no way out,its an obvious ponzi
which i doubt 1 in 100 active teachers realize(oh the
irony of the people that teach our children are so
blind).

The funds they are putting in will not be there for
them,this simple fact is what is going on in every
sector of the overall economy.

Now what will happen?

The teachers will accept in the near future a right
down of future benefits,while contributing the same?

The pensioners will accept right downs?

Or will all those women end up at the legislature with
a rope with brad wall's name on it?

And all the OTHER funding needs of the government
will need to be met.

The people will vote to print?

[Burbert]

Annual price increases, always cause
inflation in Comedia. Prices a tvs en
lectronics down ta offset, hence gobermont
claim no inflation. Gas, oil, food, up,
way up, butt thats core inflation, hence
don/t count cousin it ain't real accordin
ta gobermont, eh fharperenritz..........

[sumdumguy]

Burpfart, get lost. Now you will have time to go
back to grade 1.

[Rareearth]

A good example and wouldn't this be a hot topic
thread cotton.
How many of the early retiring pensioners retire
early, take another job and technically double dip
for another decade or two?
People live longer, and seem to retire earlier.
Collect more than they pay in.

The system is flawed, not just the formula
calculated through contract negotiation, but the
lack ability to adjust. How many long term land
rental agreements are there? They are usually
"shortterm" for a reason.

Relax teachers, highway workers, etc. its not all
your fault. Society, entitlement learned and
entrenched behaviour through election and
contract negotiation.

[LEP]

I keep thinking about an article I read in the Economist a couple
years back.

It stated there are two types of people in the world, Taxpayers
and Taxeaters. Up to now the Taxeaters of the world have had it
easy, but the free buffet is coming to an end.

There is going to have to be a reckoning on these generous
pension plans in the near future unless we start getting double
digit gains in the equity markets on a regular basis.

[jensend]

i wonder how many farms pay more taxes than the benefits they get from taxpayers.

[wheatking16]

Previous to the last six years, next to
none. The taxpayer kept our daddy's and
us in business.

[Burbert]

sumdummy, ok you live in yer dream world
and I'll live in mine! fharpieenritzer
eh..