Quote:
Originally Posted by thebeepster
Yeah...yeah...the economy is rebounding allright. I've seen gasoline go up 50 cents per gal in the last 90 days. Checked prices in your local supermarket lately? What about your latest bill for medical insurance? I'm sure there hasn't been an increase there! Unfortunately, our government continues to worsen our situation by bailing out the bad guys who helped give us this situation and printing more money while telling us there is no inflation...we had better wake up  |
Exactly. We're not seeing prices rising, we're seeing the value of our money DECREASING as the supply gets flooded with all the "monopoly" money the Federal Reserve prints up and puts into circulation. On the surface, this appears to be beneficial to the economy when people realize what is going on and decide to spend their money before it becomes worth less tomorrow because of the inflationary effects that are coming home to roost. Short term, things will appear rosy because the economy is stimulated. Long term, savings and investments will be wiped out as the value of money eventually becomes nearly worthless. Eventually we will see the revival of the $1,000 bill, and even higher denominations to try to compensate for the wad of cash people will have to carry around to pay for goods.
This is really not looking good...