Quote:
Originally Posted by bozell
but wouldn't deflation or low inflation be good after all this high inflation we're having now?
i saw buffett and the guy from blackstone are coming out a with a video documentary about the government's debt crisis. i think it may already be out, does anyone know anything about this?
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The Fed chairmen cannot raise interest rates to stop inflation like vaulker did in the past because of the sub prime. Deflation is far worse then inflation. Just keep in mind this year alone the Feds has doubled our national deficits... because of the greedy investors and bankers who profited millions and millions Why is it that every reward is individualized while losses are socialized? The dollar is becoming weaker and weaker and I have never seen anything like this in the stock market. Oil/gold goes up - dow comes down and vis versa. No stability what so ever... But back to the inflation situation... I do believe inflation is a hidden tax to the people. We're having a dollar crises and majority of Americans do not know whats going on. We're in big trouble if the feds bail out freddie/fannie, lehmans, citi, etc etc...
oh, and the video I think you're referring to i.o.u.s.a. - I'll wait until I can get copy online.