Comments on: Obama: Do What the Communists Say, Or Else

By: vimothy

vimothy — Fri, 20 Nov 2009 14:31:48 +0000

Oh for a 10% annual rate of inflation!

By: tdaxp

tdaxp — Fri, 20 Nov 2009 13:57:50 +0000

Inflation could also be sold as a jobs measurement — it “punishes” savers while “rewards” those who already have debt.

If you’re in a funk about this, I better not mention the T-bill rate is once again negative [1] and the FHA is (illegally [2]) sparking a another round of speculation in real estate [3].

[1] http://www.calculatedriskblog.com/2009/11/on-negative-t-bills.html
[2] http://www.calculatedriskblog.com/2009/11/fha-reserves-fall-sharply-well-below.html
[3] http://www.calculatedriskblog.com/2009/11/more-on-fha-loans.html

By: “I am in a funk right now about the direction America is going” « PurpleSlog – Awesomeness & Modesty Meets Sexy

Fri, 20 Nov 2009 00:29:10 +0000

[...] direction America is going” Posted on November 19, 2009 by purpleslog So I comment here at TDAXP [...]

By: purpleslog

purpleslog — Fri, 20 Nov 2009 00:25:52 +0000

Shudder.

“You only need three years of 10% inflation to cut our debt to Communist China in half…”

That would also devalue my savings. Once again punishing those Americans who did right actions (lived beneath their means) while benefiting those who lived above their means. I am sure the BigBiz/BigGov elites (the new Vanguard) will come out okay.

I am in a funk right now about the direction America is going.