no propaganda please Loc: moon orbiting the third rock from the sun

JFInflation Nightmare!
New White Paper offers simple inflation prep steps

By JOSEPH FARAH, Founder, WorldNetDaily.com

"Money" is changing so fast today, it's impossible to keep up!
Especially in Venezuela, where a 100,000 bolivar note could be worth only one bolivar the next day! Bad politics (socialism) always result in bad money (hyperinflation).

InflNight But with the right type of pr********n you can survive and thrive when inflation strikes. A new Swiss America White Paper covers three major inflationary concerns;

1. The hyperinflation right now in socialist Venezuela, where a single cup of coffee can cost three weeks’ wages.

2. The hyperinflation in Germany’s socialist Weimar Republic following World War I, where the cost of a cup of coffee increased in price by the minute!

3. The hyperinflation that soon could happen in America because of the rapid socialist drift of one of our two major political parties – if we do not wake up and smell the coffee.

This White Paper provides a DIY guide on sheltering yourself and your family from this fast-approaching danger.

pafret Loc: Northeast

Do you have a link to the paper?

PeterS

1) Germany wasn't socialistic after WWI. Germany's problem started when they went off the gold standard and started printing money in an attempt to pay for the cost associated with WWI. This was a mistake on our part expecting Germany to pay for something that was beyond it's means. None of that was associated with Socialism

2) Hyperinflation in the Soviet Union ended with the reestablishment of the gold standard meaning the problem structural and not related to the type of economic system used.

3) China's hyperinflation from 1930 to 1940 occurred when it was a democracy and hastened in the C*******t movement in 1949. There were no periods of hyperinflation while under a c*******t economic system.

4) Personally, I love the smell of the coffee at Denny's but Europe has been largely socialistic since WWII and the economy has gone gang busters with no sign of hyperinflation. In the past hyperinflation has occurred when there is a significant increase in the money supply not supported by gross domestic product (GDP) growth, resulting in an imbalance in the supply and demand for the money.

Lastly we've had a mixed economic system since the 30's with no sign of hyperinflation. Adding healthcare and perhaps education to our social system would be a benefit to our society and add to our productivity at least enough to make the change a break even proposition. If you are so afraid of socialism then don't sign up for social security or medicare when you are 65. I mean after all, I would h**e to see any hyperinflation start because of the increase usage you might cause.

pafret Loc: Northeast

There is no option to "signing up for" Social Security. I paid for it so why would you expect me to provide politicians with a gift of fifteen percent of my lifetime earnings. If you think there has been no sign of Hyperinflation you have forgotten Stagflation and Nixon's wage and price freeze. He broke the back of inflation by reducing real wages for all workers while simultaneously rendering all savings and earnings worthless by leaving the gold standard.

PeterS

You're the one terrified of Socialism. I am simply giving you an out. Hyperinflation is defined as monetary growth of 50% or more per month. Inflation was higher than we may have liked but it was never in the Hyperinflation category. And Nixon didn't break the back of anything. Plus I was alive and working during that period and my earnings and savings bought the same one day as they did the next. Your money may have disappeared but my cash was nice and green and folded nicely in my pocket.

nwtk2007 Loc: Texas

I would be very leery of socialism. For one, it cannot survive without capitalism so why not just emphasize capitalism. Increasingly, the many become more dependent upon the few. That said, there has to be some regulation to prevent what happened from 198 to 2010, where the average cost of all commodities increased 350 to 450%, thanks in part, to the last thing Bill Clinton signed into law, allowing wall street to go wild on themselves.

no propaganda please Loc: moon orbiting the third rock from the sun

Let me see if I can find it, but that won't be until tomorrow, past my bedtime now.