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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Hawk on November 27, 2012, 05:24:04 PM



Title: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: Hawk on November 27, 2012, 05:24:04 PM
Calling for hyperinflation and USD collapse since 2002 and wrong for the past 10 years running. What an embarrassment.


http://www.youtube.com/watch?v=P_zWbWhmAUM


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: magikusar on November 27, 2012, 06:16:22 PM
Calling for hyperinflation and USD collapse since 2002 and wrong for the past 10 years running. What an embarrassment.


http://www.youtube.com/watch?v=P_zWbWhmAUM

you know the debt is 17t right?

what if a teenager making 8/hr had 17,000,000 debt?

oops!!

its all ok i get it!!

also there has been massive inflation under obama anyway

all the bubble price houses are now solid at those insane prices

gas went from 1.50 to 5

milk 4$ a gallon

:)

google purchasing power


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: magikusar on November 27, 2012, 09:12:36 PM
Calling for hyperinflation and USD collapse since 2002 and wrong for the past 10 years running. What an embarrassment.


http://www.youtube.com/watch?v=P_zWbWhmAUM

I actually watched this this time.

Typical democrat, spews 10 lies and then wants some explanation.

The answer is you are wrong.  You have your facts wrong.

There has been massive  inflation even though the debt is piling up.
BAM!!


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: 240 is Back on November 27, 2012, 09:34:07 PM
He'll be right, eventually.   His books sell awesome because he's right - it'll happen someday and he is helping people prepare for it.

He has to make it seem like it's goin' down any second.   Or people ignore him.


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: Soul Crusher on November 28, 2012, 05:11:26 AM
Gas is 4 dollars, food rising, healthcare skyrocketing, etc etc.


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: whork on November 28, 2012, 05:17:47 AM
Gas is 4 dollars, food rising, healthcare skyrocketing, etc etc.

Thats why we never want a republican in the white house again.

Tax cuts for the wealthy and wars needs to be paid for. Republicans send the bill to the middle class and keeps their voters on welfare they are sucking us dry this party.


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: Fury on November 28, 2012, 07:41:27 AM
Thats why we never want a republican in the white house again.

Tax cuts for the wealthy and wars needs to be paid for. Republicans send the bill to the middle class and keeps their voters on welfare they are sucking us dry this party.

What was the price of gas when Obama took office? 

Enjoy the inflation due to Obama and Bernankicide pumping trillions of dollars of funny into the global economy. LOL!


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: GigantorX on November 28, 2012, 09:09:49 AM
Inflation is here and has been for a while...it's actually policy.

Just look at food/fuel and the other stuff the government excludes from the inflation report.


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: whork on November 28, 2012, 02:49:58 PM
Inflation is here and has been for a while...it's actually policy.

Just look at food/fuel and the other stuff the government excludes from the inflation report.

+1


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: magikusar on November 28, 2012, 07:44:21 PM
you  under stadn that schiff called 2008 right?

soros and lefty idiots did not


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: GigantorX on November 29, 2012, 03:08:14 PM
+1

I've gotten 2 +1's from you in the last few days...

Where is whork and what have you done with him?


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: Shockwave on November 29, 2012, 06:48:19 PM
Inflation is here and has been for a while...it's actually policy.

Just look at food/fuel and the other stuff the government excludes from the inflation report.
Doesn't the fed actually have a set % of inflation they shoot for each year?


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: tbombz on November 29, 2012, 07:51:16 PM
increasing the money supply doesnt cause inflation when there is a proportional increase in the supply of goods and services.


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: whork on November 30, 2012, 06:06:34 AM
I've gotten 2 +1's from you in the last few days...

Where is whork and what have you done with him?

He is buried in the backyard ;)

We might not agree on everything but you have some good insightful posts.

I think its great to learn and see things in a new perspective.



Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: Mr.1derful on December 02, 2012, 08:43:51 PM
increasing the money supply doesnt cause inflation when there is a proportional increase in the supply of goods and services.

This isn't the case, however.


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: tbombz on December 02, 2012, 09:29:46 PM
This isn't the case, however.
so far, it seems it is. economic growth is proportional to population growth and the growth in the money supply so far.


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: magikusar on December 02, 2012, 09:45:36 PM
Schiff should be president not Obama.

He is decades ahead of neanderthals like krugman.


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: Soul Crusher on December 03, 2012, 02:08:50 AM
so far, it seems it is. economic growth is proportional to population growth and the growth in the money supply so far.

Good god are you nuts.


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: magikusar on December 03, 2012, 02:29:29 AM
so far, it seems it is. economic growth is proportional to population growth and the growth in the money supply so far.

tbombz do you know the difference between the austrian school and the keyensian school?

or do you just think things happen in a historical dialectic or some shit?


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: Mr.1derful on December 03, 2012, 05:34:06 PM
Good god are you nuts.

X2


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: tbombz on December 03, 2012, 07:01:16 PM
Good god are you nuts.
i guess you dont pay attention to the economic reporting of the u.s. media and federal reserve?  where do you get your information?


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: tbombz on December 03, 2012, 07:05:43 PM
tbombz do you know the difference between the austrian school and the keyensian school?

or do you just think things happen in a historical dialectic or some shit?
i dont think those questions are mutually exclusive, magikusar  :)

"keynesian" = spend when in bad times, save when in good times.

"austrian" (more like= Freidrech Von Hayekism)= fiscal policy and economic regulations should both be as limited and as conservative as possible.


and you know what, I agree with Von Hayek.    But that doesnt mean I think all spending is bad.  Nor does it have anything to do with the money supply.


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: Mr.1derful on December 03, 2012, 07:57:07 PM
i guess you dont pay attention to the economic reporting of the u.s. media and federal reserve?  where do you get your information?

 ::)  I really hope you're joking. 


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: tonymctones on December 03, 2012, 08:07:01 PM
increasing the money supply doesnt cause inflation when there is a proportional increase in the supply of goods and services.
yes it would b/c you will have to increase the amount of employees or hours to produce the additional goods/services especially now with companies having already cut their expenses to the bone. The result will be an overall increase in money into the economy resulting in inflation.

Those rules they give you in class are generally in a bubble dizzle, this is why you need real world experience in order to apply them correctly.


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: tbombz on December 03, 2012, 08:25:43 PM
yes it would b/c you will have to increase the amount of employees or hours to produce the additional goods/services especially now with companies having already cut their expenses to the bone. The result will be an overall increase in money into the economy resulting in inflation.

Those rules they give you in class are generally in a bubble dizzle, this is why you need real world experience in order to apply them correctly.
i dont see how what you said in anyway contradicts the notion that increasing the supply of goods and services can balance out an increase in the money suppply to avoid inflation.

value of money is dependant on the ratio of money supply to supply of goods and services.

you have 1 dollar and 1 apple.  dollar=apple.
you have 1 dollar and 2 apples. 1/2dollar=apple.
you have 2 dollars and 1 apple. dollar=1/2apple.


see?



Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: Soul Crusher on December 03, 2012, 08:27:11 PM
We are not increasing goods and services chief.



i dont see how what you said in anyway contradicts the notion that increasing the supply of goods and services can balance out an increase in the money suppply to avoid inflation.

value of money is dependant on the ratio of money supply to supply of goods and services.

you have 1 dollar and 1 apple.  dollar=apple.
you have 1 dollar and 2 apples. 1/2dollar=apple.
you have 2 dollars and 1 apple. dollar=1/2apple.


see?




Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: tbombz on December 03, 2012, 08:30:11 PM
We are not increasing goods and services chief.



GDP is increasing at a rate of about 2.5% at the moment. that amounts to an increase in the supply of goods and services to a tune of almost 400billion dollars worth every year.


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: tbombz on December 03, 2012, 08:33:23 PM
stats for 2012


Gross domestic purchases

   Real gross domestic purchases -- purchases by U.S. residents of goods and services wherever
produced -- increased 2.4 percent in the third quarter, compared with an increase of 1.0 percent in the
second.


Gross national product

   Real gross national product -- the goods and services produced by the labor and property
supplied by U.S. residents -- increased 2.7 percent in the third quarter, compared with an increase of 2.1
percent in the second.
  GNP includes, and GDP excludes, net receipts of income from the rest of the
world, which increased $1.3 billion in the third quarter after increasing $27.4 billion in the second; in the
third quarter, receipts decreased $1.6 billion, and payments decreased $2.8 billion.


Current-dollar GDP

   Current-dollar GDP -- the market value of the nation's output of goods and services -- increased
5.5 percent, or $211.8 billion, in the third quarter to a level of $15,797.4 billion.  In the second quarter,
current-dollar GDP increased 2.8 percent, or $107.3 billion.


http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: Soul Crusher on December 03, 2012, 08:33:42 PM
GDP is increasing at a rate of about 2.5% at the moment. that amounts to an increase in the supply of goods and services to a tune of almost 400billion dollars worth every year.

Lol!!!   How much was govt spending last quarter?  


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: tonymctones on December 03, 2012, 08:36:55 PM
i dont see how what you said in anyway contradicts the notion that increasing the supply of goods and services can balance out an increase in the money suppply to avoid inflation.

value of money is dependant on the ratio of money supply to supply of goods and services.

you have 1 dollar and 1 apple.  dollar=apple.
you have 1 dollar and 2 apples. 1/2dollar=apple.
you have 2 dollars and 1 apple. dollar=1/2apple.


see?


bc the money supply will increase at a greater pace.

Your theory suggest that you can increase the amount of goods/services produced without incurring any cost which wont happen. That extra costs comes in the terms of wages to the employees which will result in more money into the economy.

As a result you will have the original inflow of money into the economy which will result in more spending, which will inturn result in more production, which will require more employees, who will be paid money, which will be spent on more goods/services.

That is one of the reasons we have inflation....

You cant up the production of goods/services without incurring extra costs especially with the lean businesses we have now.

The original inflow results in more workers which result in more money in the economy which results in inflation.


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: tbombz on December 03, 2012, 08:37:21 PM
Lol!!!   How much was govt spending last quarter?  
well government jobs are decreasing every month, and private sector jobs are increasing by more than double the rate at which government jobs are decreasing... soo....   ;)


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: tbombz on December 03, 2012, 08:40:17 PM
bc the money supply will increase at a greater pace.

Your theory suggest that you can increase the amount of goods/services produced without incurring any cost which wont happen. That extra costs comes in the terms of wages to the employees which will result in more money into the economy.

As a result you will have the original inflow of money into the economy which will result in more spending, which will inturn result in more production, which will require more employees, who will be paid money, which will be spent on more goods/services.

That is one of the reasons we have inflation....

You cant up the production of goods/services without incurring extra costs especially with the lean businesses we have now.

The original inflow results in more workers which result in more money in the economy which results in inflation.
dude if you honestly have something to teach me your going to have to break it down way farther than that because at the moment i am completely clueless as to how what you said could possible prove anything in regards to anything contradictory to what ive been personally saying.. lmao

basically, what im saying is that =   i read your post and it doesnt make any since t me whatsoever.  you are saying that an increase in employees and an increase in the production of goods and services is going to CAUSE inflation?   


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: tonymctones on December 03, 2012, 08:41:36 PM
dude if you honestly have something to teach me your going to have to break it down way farther than that because at the moment i am completely clueless as to how what you said could possible prove anything in regards to anything contradictory to what ive been personally saying.. lmao

basically, what im saying is that =   i read your post and it doesnt make any since t me whatsoever.  you are saying that an increase in employees and an increase in the production of goods and services is going to CAUSE inflation?   
hahah yes it will,

What do you need to increase production of goods/services dizzle?


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: tbombz on December 03, 2012, 08:45:32 PM
goods - manufacturing equipment and/or employees, energy to power the process, natural resources to craft the goods (rubber, plastic, metal, etc)

services - employees mainly, some technology maybe




Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: tonymctones on December 03, 2012, 08:58:43 PM
goods - manufacturing equipment and/or employees, energy to power the process, natural resources to craft the goods (rubber, plastic, metal, etc)

services - employees mainly, some technology maybe
And that Labor/Material/Overhead will require money, companies will not increase production for no reason.

So you have the initial inflow of money to cause the increase in production
Then the increase in goods/services
Which requires more money to flow into the economy

In other words you have an:

Increase in money into the economy to cause the increase in production
Increase in goods/services which results in more money to spend
Increase in money into the economy

Inflation can be looked at as too much money chasing too few products.

An increase in production will eventually lead to inflation the majority of the time because that money that is gained from the increase through wages to the new employees, profit from the ppl who sold the material etc...will generally eventually find its way back into the economy.




Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: tbombz on December 03, 2012, 09:05:25 PM
i am sorry but i have to point out a major flaw i see in your reasoning

increasing production does not increase the supply of money.

the only thing that can increase the supply of money is "printing" more money.

in fact if you increase production without printing new money, your going to cause deflation.





Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: tonymctones on December 03, 2012, 09:07:04 PM

1. Increase in money into the economy to cause the increase in production
2. Increase in goods/services which results in more money to spend
3. Increase in money into the economy from wages gained/profit made
Think about it like this dizzle: In the business process you will either stop at 1 or 3. The process will generally never stop at 2 because even if it does and the ppl who earn more money dont go spend it. That money will go to a bank which will loan it out and that money will find its way back into the economy that way.

So if you stop on either step 1 or step 3 you end up with more money in the economy. If you increase the money supply you will have inflation.

This is why the FED has to monitor the inflation and adjust their Fed Window rate accordingly to allow for a small amount of inflation.


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: tbombz on December 03, 2012, 09:11:45 PM
more money in the economy can only happen by "printing" new money.   


..unless you think money held in savings accounts doesnt count as "money in the economy" ?   ???


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: tonymctones on December 03, 2012, 09:11:59 PM
i am sorry but i have to point out a major flaw i see in your reasoning

increasing production does not increase the supply of money.

the only thing that can increase the supply of money is "printing" more money.

in fact if you increase production without printing new money, your going to cause deflation.
Not true my friend an increase in lending will effectively result in an increase in money supply. An increase in spending effectively results in an increase in money supply. You see what I mean by those concepts are taught in a bubble?

Inflation is too much money chasing too few products. So in increase in money circulation is going to do what?




Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: tonymctones on December 03, 2012, 09:15:08 PM
more money in the economy can only happen by "printing" new money.   


..unless you think money held in savings accounts doesnt count as "money in the economy" ?   ???

I think you are hung up with the idea that the only way to have inflation is to increase the overall money supply. The reality is that you just have to increase the amount of available money supply.


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: tbombz on December 03, 2012, 09:21:17 PM
ah, I see what your saying I think.


Still,  take a look at the rate of growth in the economy. take a look at the inflation rate. it seems to me that all these rounds of quantitative easing have not had any negative effects, only positive benefits. albeit very small benefits.


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: tonymctones on December 03, 2012, 09:38:23 PM
ah, I see what your saying I think.


Still,  take a look at the rate of growth in the economy. take a look at the inflation rate. it seems to me that all these rounds of quantitative easing have not had any negative effects, only positive benefits. albeit very small benefits.
Indeed you are correct sir although I dont know what benefits youre speaking of although Im sure there have been some small ones.

So a few reasons for the lack of inflation would be:

1. a lot less ppl working now b/c businesses cut the fat from their ranks to become more efficient(this is why they will have to higher new employees when they begin producing more)
2. Dodd Frank and the latest Basal agreement have upped the banks capital reserve requirements meaning they have effectively less money to lend out per dollar they receive in deposits
3. Banks are alot more risk adverse now so alot of the projects they may have gave money to previously they arent now so there is less money in the market.
4. Business are more risk adverse now so alot of projects they would have taken on or asked for loans for they are not persuing now.

Im sure there are tons more but those are the ones I can think of off the top of my head.

This is why ppl pay attention to the FED meetings that I believe are hold quarterly to see if they will raise the interest rate at the FED window. The fact that the didnt choose to raise it from basically zero which is where it is now at their last meeting shows that they dont believe the economy is getting better or going to get any better anytime soon.

If they think the economy is getting better or is going to get better they will raise the interest rate so ppl will by bonds which will take money out of the market and help control inflation. At least thats their hope there are so many factors its ridiculous.


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: whork on December 04, 2012, 04:52:19 AM
Thanks to Tbombz and Tony.

We can all learn from the info in this thread.


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: GigantorX on December 04, 2012, 06:48:29 AM
Indeed you are correct sir although I dont know what benefits youre speaking of although Im sure there have been some small ones.

So a few reasons for the lack of inflation would be:

1. a lot less ppl working now b/c businesses cut the fat from their ranks to become more efficient(this is why they will have to higher new employees when they begin producing more)
2. Dodd Frank and the latest Basal agreement have upped the banks capital reserve requirements meaning they have effectively less money to lend out per dollar they receive in deposits
3. Banks are alot more risk adverse now so alot of the projects they may have gave money to previously they arent now so there is less money in the market.
4. Business are more risk adverse now so alot of projects they would have taken on or asked for loans for they are not persuing now.

Im sure there are tons more but those are the ones I can think of off the top of my head.

This is why ppl pay attention to the FED meetings that I believe are hold quarterly to see if they will raise the interest rate at the FED window. The fact that the didnt choose to raise it from basically zero which is where it is now at their last meeting shows that they dont believe the economy is getting better or going to get any better anytime soon.

If they think the economy is getting better or is going to get better they will raise the interest rate so ppl will by bonds which will take money out of the market and help control inflation. At least thats their hope there are so many factors its ridiculous.

To add to #2; because of economy wide low interest rates (artificially low) banks get less return on deposits as well. They also get little return on ,credit cards, mortgages and every other type of loan out there. It ties in with #3, why take the risk for little to no return? They won't and don't so they take the free money from the Fed and plow it into a massive stock bubble.

Anyways, just one mans opinion. It truly is amazing how much the Fed and our Federal Govt. has erased any semblance of a functioning market...and it isn't even like the prior system was a glistening monument or anything.


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: tbombz on December 04, 2012, 06:18:11 PM
Indeed you are correct sir although I dont know what benefits youre speaking of although Im sure there have been some small ones.

So a few reasons for the lack of inflation would be:

1. a lot less ppl working now b/c businesses cut the fat from their ranks to become more efficient(this is why they will have to higher new employees when they begin producing more)
2. Dodd Frank and the latest Basal agreement have upped the banks capital reserve requirements meaning they have effectively less money to lend out per dollar they receive in deposits
3. Banks are alot more risk adverse now so alot of the projects they may have gave money to previously they arent now so there is less money in the market.
4. Business are more risk adverse now so alot of projects they would have taken on or asked for loans for they are not persuing now.

Im sure there are tons more but those are the ones I can think of off the top of my head.

This is why ppl pay attention to the FED meetings that I believe are hold quarterly to see if they will raise the interest rate at the FED window. The fact that the didnt choose to raise it from basically zero which is where it is now at their last meeting shows that they dont believe the economy is getting better or going to get any better anytime soon.

If they think the economy is getting better or is going to get better they will raise the interest rate so ppl will by bonds which will take money out of the market and help control inflation. At least thats their hope there are so many factors its ridiculous.

so all the new cash is just building up the coffers of the banks basically?

makes perfect sense.

although it has been widely reported that the cash injections have helped the situation at least to a minor degree.

and while i do see your point clearly about how inflation can happen in other ways that printing money, i stll think that the growth in total economic output in terms of goods and services (because it is growing= quantitatively, not qualitatively= due to increasing population and stable production-per-capita) is helping to offset inflation as well.



now, all that being said. how to fix the situation of excess cash in the market once the economy picks up?   how about suctioning it out from the top? take the inflationary reserves away from the banks before they can expell the cash into the market?


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: tbombz on December 04, 2012, 06:25:36 PM
Thanks to Tbombz and Tony.

We can all learn from the info in this thread.
  :)


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: Emmortal on December 04, 2012, 07:35:57 PM
GDP is increasing at a rate of about 2.5% at the moment. that amounts to an increase in the supply of goods and services to a tune of almost 400billion dollars worth every year.

You can't use a data point without looking at what it breaks down into.
Quote
Personal consumption collapsing to 1.4% Q/Q, on hopes of a 1.9% rise, and down from 2.0%. In fact, at 0.99% personal consumption expenditures - the core driver of 70% of the US economy - were a tiny 36% of the headline number. Ironically today's second GDP revision was far worse when analyzed at the component level, than the first Q3 estimate, which while lower overall at 2.0%, at least had personal consumption nearly 50% higher at 1.42%, or well over half of the total contribution. So what drove "growth" in Q3? Nothing short of the most hollow and worst components of GDP: Government Spending, which soared to 0.67% of the annualized number, the first positive print in years, and of course, Inventories, which were responsible for 30% of the headline number.

So the two main drivers of the higher GDP print are Increased Inventories and Government Spending, the two WORST indicators of actual growth.


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: magikusar on December 06, 2012, 04:00:35 PM
gas 300% up
housing prices up 300% now not corecting
food up 200%

yep thats called hyperinflation

wait until jan when obama tax hikes hit

and then double up with obama care

WOOO WEEE!!!

guna see some screaming


Title: Re: Petey Schiff Stumped When Challenged On His Hyperinflation Call
Post by: whork on December 06, 2012, 04:03:52 PM
gas 300% up
housing prices up 300% now not corecting
food up 200%

yep thats called hyperinflation

wait until jan when obama tax hikes hit

and then double up with obama care

WOOO WEEE!!!

guna see some screaming

If only Romney had won ::)