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  1. #25
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    Re: 12 Scray facts about the US debt.



    Quote Originally Posted by Galen Sevinne View Post
    Actually it has worked and worked without inflation. and you doomsday scenario makes its exciting for amygdala-based thinkers but really the scary deficit stuff is losing its steam. People are starting to catch on that deficits never seem to matter when Republicans are in office but suddenly everything must stop when a Democrat comes in to once again fix the mess the Republicans cause. Something about a 13000 DOW also makes me question the confidence factor.
    I have always contended that deficits matter. That liberal-lites that have been Republicans disagree means nothing more to me than you disagreeing. Keynes was wrong and so are these dunderheads.

    I posted in many of these forums my many disappointments with Bush, including his very reckless spending.

    We are not experiencing severe inflation now (which conveniently leaves out food and energy) because the dollar is still held as the world's reserve currency. When it is not we will experience inflation. We already are, the government is just fudging the numbers by not counting necessities like those mentioned because they are a problem.

    Why do you think so many investors are buying gold right now?

    Your opening sentence is not supported by one fact listed.




  2. #26
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    Re: 12 Scray facts about the US debt.

    Quote Originally Posted by Greg View Post
    Your opening sentence is not supported by one fact listed.
    Inflation has remained steady throughout this whole recession. The only price inflation occuring is around oil and products affected by high oil prices such as food. This is obviously occuring because of the uncertainty around Iran not because of the national economy. To include those in standard inflation measures would be highly misleading and miss the point of why it is important to measure inflation.








  3. #27
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    Re: 12 Scray facts about the US debt.

    Wrong facts by Galen again.

    He must have skipped the exact increases
    in food prices posted above and as both Greg and I pointed out above, oil and food prices are conveniently left out of the inflation equation.

    They come out of the consumer price
    index (CPI).

    That $382B in interest we pay out for the debt might have something to do with inflation also-lol.


    Galen was somewhat correct about unrest
    in Iran's part of the world but oil prices have
    been climbing long before that due to the
    supply and demand coming not only from
    us but the emerging economies of India
    and China where billions suddenly stopped riding bikes and bought cars.

    And all that from Galen's king in the
    White House.

    http://www.zerohedge.com/news/white-...asoline-prices
    Last edited by AirFlacco; 02-21-2012 at 06:47 PM.
    UBER RAVENS FAN AND HISTORIAN GURU.




  4. #28
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    Re: 12 Scray facts about the US debt.

    Quote Originally Posted by Galen Sevinne View Post
    Inflation has remained steady throughout this whole recession. The only price inflation occuring is around oil and products affected by high oil prices such as food. This is obviously occuring because of the uncertainty around Iran not because of the national economy. To include those in standard inflation measures would be highly misleading and miss the point of why it is important to measure inflation.
    So gold has not gone up, or silver, or copper, or . . .

    To not include food and energy is misleading.

    Obama is purposely causing the price of energy to rise, he is forcing coal plants out of business, stopping us from exploring for oil in our country and stopping no brainers like the Keystone XL pipeline. It should be counted because it hits all of our wallets.




  5. #29
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    Re: 12 Scray facts about the US debt.

    Quote Originally Posted by Greg View Post
    So gold has not gone up, or silver, or copper, or . . .

    To not include food and energy is misleading.

    Obama is purposely causing the price of energy to rise, he is forcing coal plants out of business, stopping us from exploring for oil in our country and stopping no brainers like the Keystone XL pipeline. It should be counted because it hits all of our wallets.
    Gold has gone down in the last six months. Truly I think gold has hit unprecedented highs because of the mass marketing going on channels like Fox that are painting doomsday scenarios and that gold is the solution. Now that most indicators point to a recovering economy gold will star going down as it has for the last 6 month period.

    One can include gas prices in inflation because it does affect our wallets but one also has to recognize that gas prices going up aren't a result of Obama's economic policies nor his energy policies. Domestic drilling is at an all time high:

    U.S. net petroleum imports have fallen to about 47% of the nation's consumption, down from a record 60.3% in 2005, Energy Information Administration statistics show. It's been 15 years since the nation's reliance on foreign oil has been this low.

    Several factors figure into the import decline, but a big one is a little surprising: U.S. petroleum exploration is experiencing a quiet renaissance with the help of technology and new drilling techniques.

    The number of oil rigs in production in the U.S. has reached a 24-year high, according to oil field services company Baker Hughes. In 2005, domestic production was 1.89 billion barrels. This year, experts say, production is expected to surpass 2 billion barrels.


    http://articles.latimes.com/2011/oct...-boom-20111029

    The Keystone Pipeline has nothing to do it with and is only being used as a conservative leverage point against Obama. Even Transcanada admits their current pipelines are underutilized.








  6. #30
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    Re: 12 Scray facts about the US debt.

    Quote Originally Posted by Galen Sevinne View Post
    One can include gas prices in inflation because it does affect our wallets but one also has to recognize that gas prices going up aren't a result of Obama's economic policies nor his energy policies. Domestic drilling is at an all time high:
    .
    I was going to type a reply, but there is no need:

    http://online.wsj.com/article/SB1000...rofile_oneline

    Another suspect—one Mr. Obama doesn't like to mention—is U.S. monetary policy. Oil is traded in dollars, and its price therefore rises when the value of the dollar falls, all else being equal. The Federal Reserve throughout Mr. Obama's term has pursued the easiest monetary policy in modern times, expressly to revive the housing market. It has done so with the private support and urging of the White House and through Mr. Obama's appointees who are now a majority on the Fed's Board of Governors.
    Earlier in the thread you said this
    Also the government is NOT spending and borrowing at record amounts and what they are borrowing and spending will slow down as companies start spending money again. It is not having nearly the effect the conservative base would want you to believe
    Spending money we do not have, forcing us to borrow from the Fed has a huge affect.




  7. #31
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    Re: 12 Scray facts about the US debt.

    Quote Originally Posted by Galen Sevinne View Post
    GM is adding shifts and reporting record sales
    Whoops...
    http://campaign2012.washingtonexamin...t-sales/406771




  8. #32
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    Re: 12 Scray facts about the US debt.

    One can include gas prices in inflation because it does affect our wallets but one also has to recognize that gas prices going up aren't a result of Obama's economic policies nor his energy policies. Domestic drilling is at an all time high:

    U.S. net petroleum imports have fallen to about 47% of the nation's consumption, down from a record 60.3% in 2005, Energy Information Administration statistics show. It's been 15 years since the nation's reliance on foreign oil has been this low.
    LOL, you know, when we were discussin ANWAR the liberals were telling us how it would take at least 5 years after permits were issued to get that oil.

    They were right. We would have that oil now, and the oil being pumped now is because of Bush's policies, not Obama's. These permits were issue 5 and more years ago.




  9. #33
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    Re: 12 Scray facts about the US debt.

    Quote Originally Posted by Greg View Post
    LOL, you know, when we were discussin ANWAR the liberals were telling us how it would take at least 5 years after permits were issued to get that oil.

    They were right. We would have that oil now, and the oil being pumped now is because of Bush's policies, not Obama's. These permits were issue 5 and more years ago.
    Not to mention, a lot of the oil production we're getting now is from drilling on private land (North Dakota anyone?). Not oil permits the government approved. Facts, they're some crazy sh*t.




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