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Explosive Money Supply Fuels Global Inflation Dec 20, 2007

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Randolph Kinney

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Apr 7, 2005
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Retired Appraiser
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North Carolina
Wow! They present an overwhelming stack of data to back up the claim that inflation is being stoked by the central banks, particularly the FED.
 

Riick

Elite Member
Joined
Aug 14, 2007
Professional Status
Certified Residential Appraiser
State
Delaware
Who else creates money out of thin air....
Backed up, maybe, by 9v batteries.

Maybe there was a REASON behind Framers of the Constitution giving the
power of money creation NOT to a Central Bank, but to the Congress??
 

Terrel L. Shields

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Arkansas
Inflation is the only way that people can 'catch up' their mortgage payment. In other words, if you hang on a while, inflation will make your payment lower in real terms (your salary will increase meantime hopefully), and thus the value of your home appears to stabilize then being increasing.
In reality inflation is stealing the banks money..but the Fed is giving it to them anyway.
 

Brad Ellis

Senior Member
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Feb 7, 2006
Professional Status
Certified Residential Appraiser
State
California
Moh,

Great article- thanks for posting it.

Brad
 

Randolph Kinney

Elite Member
Joined
Apr 7, 2005
Professional Status
Retired Appraiser
State
North Carolina
Methinks he's just getting warmed up.
Wait until he gets wind of retail sales for December. They stink!

Merrill Lynch Chief Economist David Rosenberg is suggesting a 100% probability of a recession. The yield curve (10-year note/3-month LIBOR) and corporate spreads (Baa) are indicating that a recession will occur within the next 12 months.

The FED is responding to a perceived liquidity crunch by shoveling billions into the money supply when they should be looking at a solvency problem for those who invested into real estate backed securities or those companies that are connected to real estate. The money is sitting or going to anything but real estate or related securities.

You can have both inflation on the one hand and deflation on the other hand. :new_smile-l:
 

Terrel L. Shields

Elite Member
Gold Supporting Member
Joined
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Professional Status
Certified General Appraiser
State
Arkansas
I think it is almost a given that we'll be in recession by summer
 
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