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Asia DUMPING the DOLLAR!! Are you ready for some more INFLATION??!!

BlueRepublican 2012/06/25 16:09:21
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None of the above
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FED Chairman Bernanke has spoken: The answer is more money-printing inflation and economic stimulus aka bail-outs, to get the U.S. out of the recession.

The U.S. Dollar has gained on the Euro because of the Eurozone financial crisis not because our currency or economy is stronger. Au contrare, many countries including India, Brazil and especially ASIAN countries are dumping the U.S. Dollar as their reserve currency.

They are not stupid. They understand that our Fiat monopoly paper is worthless and backed by NOTHING!!
That's why they are buying up the gold and expanding gold mining and backing their currencies with precious metals and competing currencies.

But Blue, what about oil? Everyone needs the Dollar to buy oil? What did Russia, China & India do when sanctions were imposed on Iranian oil? They bought it using GOLD!!

So where is Paul Krugman on this? Where are the economists on this? Where's the FED on this? Where's the White House on this?

America, get ready for the INFLATION BOMB!!!
bernanke smilingchina dollar

Read More: http://www.digitaljournal.com/article/326123

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Top Opinion

  • ★Calliope★ 2012/06/25 17:12:21
    NO
    ★Calliope★
    +11
    It was always going to happen - the 'stimulus' made this happen. It's one of the very first economic forecast we had. Unchecked government spending - holding interest rates down - ruining the ability of the economy to bounce back normally.

    In this case - we are merely reaping what Obama and his ilk have sown.

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  • Sherlock Dog BL - a Gazillion 2012/06/29 13:01:23
  • La 2012/06/28 05:25:55
    Undecided
    La
    There seems to be two separate issues here.
    1. Asian countries are no longer using $US
    2. The US is going to print more money -> inflation

    As for Asian countries not using $US, I already knew about that. Makes perfect sense. I hear some places are considering using the Canadian dollar.

    As for the US printing more money, whatever. Do what you want.
  • V~POTL~PWCM~JLA 2012/06/27 20:15:33
    Undecided
    V~POTL~PWCM~JLA
    +1
    It won't be that easy for Asia to dump the dollar. Yes, inflation is a problem. And our "spendaholic" government is not helping. But there is more to the story.

    Think about what really drives the asian economy -- exports. China does everything in its power to prevent the yuan from increasing in value vs. the dollar. It is not in their best interest to deliberately cause US inflation. US consumers are China's best customer. That would change fast if Chinese products became expensive.

    Thanks to runaway spending in countries like Greece, Italy, and Spain, Europe is even worse off than the US. If US consumers are crippled by inflation, Europeans will NOT pick up the slack. There would be too much asian production in search of too little demand. Inflation in the US will lead to deflation in China.
  • KingdomNow 2012/06/27 09:47:37
    Yes
    KingdomNow
    +1
    dump obama
    We have to start somewhere...
  • Carson 2012/06/27 02:07:10
    None of the above
    Carson
    +1
    Its nice to live in Canada where every thing is more expensive.(Except healthcare).
  • Aqua Surf BTO-t-BCRA-F 2012/06/27 01:54:23 (edited)
    NO
    Aqua Surf BTO-t-BCRA-F
    +2
    Thanks to Maobama's evil agenda, ESPECIALLY INFLATION, my husband and I spent the last of our savings to repair our A/C today. No choice; it was around 104 degrees today, it will be all summer and we have 2 little girls with asthma. We had over $60,000.00 in our savings when Dubya left the WH. It has gone to pay over-inflated gas, food, medicine and utility prices. I had an idea how millions and millions of other Americans felt who have lost so much in Obama's Great Depression; now I and my family are part of them. I ask for no pity, only that you consider what has happened to the middle class, TO OUR COUNTRY under the Obama regime. It is dying and it's victims are many. NOBAMA 2012.
  • La Aqua Su... 2012/06/28 05:27:02
    La
    Lol. It's cute how it's apparently Obama's fault that your air con broke :/
  • Aqua Su... La 2012/06/30 03:22:08
    Aqua Surf BTO-t-BCRA-F
    It's even funnier how you'll get yours, ROFLMFAO!!
  • La Aqua Su... 2012/07/01 23:41:47
    La
    My what?
  • Aqua Su... La 2012/07/03 06:30:13
    Aqua Surf BTO-t-BCRA-F
    Clueless. It means you'll get phucked over one day. Soon, I would imagine, since your insensitivity is like neon and your compassion is mind-blowingly underwhelming. Only a $h*thead like you would think the misfortunes of millions of Americans is funny. We're done here.
  • La Aqua Su... 2012/07/04 14:06:20
    La
    Since when did I say anything was funny? But sure, we can be "done". I commend you for not blocking me at any rate. You sounded a bit like you had.
  • Rubyking 2012/06/27 01:09:54
    NO
    Rubyking
    geebus
  • themadhare ~IJM 2012/06/27 00:30:13
    Yes
    themadhare ~IJM
    Bring it on!
  • DefendnProtect 2012/06/27 00:13:53
    Yes
    DefendnProtect
    I like this ad. It shows China will own the US and use the Americans as their workslaves.
  • Beccy 2012/06/26 23:54:55
    NO
    Beccy
    +3
    I am having a hard time making ends meet already
  • PaulBot415 2012/06/26 21:47:16
    Yes
    PaulBot415
    +1
    I'm about ready to burn this mother down. That's what I'm about ready for.
  • texasred 2012/06/26 15:20:19
    NO
    texasred
    +3
    But it's to be expected with the way the Fed is printing more and more money. Of course, we're already seeing inflation.... just go to the store and it will hit you right between the eyes. But if we keep on the way we're going, we're going to the unbelievably high inflation of the Carter years.
  • BlueRep... texasred 2012/06/26 15:50:00
    BlueRepublican
    +2
    Thanks Tex.
    Glad to hear ya' :-)
  • texasred BlueRep... 2012/06/26 15:52:40
    texasred
    +3
    People had better wake up before November or this nation is going to be even more screwed than it is right now!
  • BlueRep... texasred 2012/06/26 15:55:37
    BlueRepublican
    +3
    As I told an Obama supporter and friend of mine on here yesterday.
    Obama should not pay attention to what Romney and the right says.
    Obama should worry about the economy, unemployment and the national debt or it will cost him his job.
  • texasred BlueRep... 2012/06/26 16:26:34
    texasred
    +2
    Well, since Obama doesn't care about the economy, unemployment or the national debt, I'm hoping he loses his job. But there sure are a lot of stupid people that refuse to see what he's doing.
  • BlueRep... texasred 2012/06/26 20:32:35
    BlueRepublican
    +3
    He is openly and blatantly bypassing Congress and ignoring the Constitution which he swore to uphold. Those alone should send red flags!!
  • texasred BlueRep... 2012/06/26 20:34:15
    texasred
    +2
    They should send red flags, but since so many want him to do what he's doing they don't see the damage. But they sure would be yelling if it was a Republican. And he's opening the door for every future president to do it.
  • BlueRep... texasred 2012/06/26 21:15:40
    BlueRepublican
    +2
    Exactly. Clinton was impeached so why is he getting a pass?
  • texasred BlueRep... 2012/06/26 21:20:50
    texasred
    +3
    Because Harry Reid owns the Senate. Unless the Republicans take it back along with the House, there will never be anything done to that b@st@rd.
  • Sherloc... texasred 2012/06/29 13:06:45
  • texasred Sherloc... 2012/06/30 03:16:24
    texasred
    +1
    Are those guys with Oliar Jay-Z and Spike Lee? LOL
  • Sherloc... texasred 2012/06/30 07:06:36
  • TheR 2012/06/26 01:50:09
  • CrazyDeen0 2012/06/25 19:18:31
  • Andy 2012/06/25 18:43:41
    Yes
    Andy
    +2
    It must be Bush's fault!!! NOBAMA-2012!!
  • Wolfman 2012/06/25 18:26:36
    None of the above
    Wolfman
  • beavith1 2012/06/25 18:23:39
    Yes
    beavith1
    +8
    Obama and Bernanke have built in big inflation. the question isn't one of 'if', its a question of 'when'.
  • Temlakos~POTL~PWCM~JLA~☆ 2012/06/25 17:50:29
    Yes
    Temlakos~POTL~PWCM~JLA~☆
    +5
    The Chinese might have a problem: what are they going to do with the dollars they get in payment for their exports?

    But not every country in Asia has the same or even a remotely similar problem.
  • Defendn... Temlako... 2012/06/27 00:16:11
    DefendnProtect
    +1
    They are buying up real assets, real companies, real land. They will end up owning the US.
  • John "By God" American 2012/06/25 17:21:26 (edited)
    Yes
    John "By God" American
    +4
    I've been ready... noose
  • ★Calliope★ 2012/06/25 17:12:21
    NO
    ★Calliope★
    +11
    It was always going to happen - the 'stimulus' made this happen. It's one of the very first economic forecast we had. Unchecked government spending - holding interest rates down - ruining the ability of the economy to bounce back normally.

    In this case - we are merely reaping what Obama and his ilk have sown.
  • Sherloc... ★Calliope★ 2012/06/29 13:04:09
  • ★Calliope★ Sherloc... 2012/07/02 03:13:42
    ★Calliope★
    Boy, Sherlock - that one says it all.
  • BigFig#9 2012/06/25 16:54:08
    Yes
    BigFig#9
    +4
    OK - A deceptively or poorly worded question again from Blue Republican (about as blue as a firetruck) I answered YES to the Question (Are you ready for some inflation?) only to find out that somehow answering 'Yes' to that question suggested then that i may also want to get rid of the FED which is a decided 'No'.

    On to my reasoning for YES to some inflation and why the FED is a good thing....

    First, the impact of inflation is not all bad particularly when others hold your bond debt...It may be just what the doctor ORDERED if in fact we can take advantage by getting our fiscal house in order before inflation become implied in bond rates...(Reduce military expenditures, roll back ALL Bush tax cuts) Notwithstanding the advantages of some inflation the reality IS IF this were true now we would see an increase in US Bond rates---If we see that we would learn that the world would rather put their money elsewhere and/or the world is implicitly expecting an inflationary period... Markets are the real indicator.

    As to the FED - Hmmmm ---- A small review of historic economic cycles before the FED and after the FED would suggest that if you like a 10% recessional panic every 10-20 years then getting rid of the Fed is a great idea but if you think that 2.5%ish maximum GDP declines (1949 and 2009) are better then maybe the FED ain't so bad.

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