Wake up America! The truth about "inflation" - DNForum - Domain Sales, Domain Forum, Domain Appraisals, Domain Registrars

**draggar** · 06-04-2008, 09:19 PM

OK people, let me give you a simple lesson in economics.

We’ve heard a nasty word recently (well, IMO it is not that nasty, it is only nasty when it works against us). INFLATION.

We’ve heard a lot of pointers on why the dollar is so “weak” right now (the Canadian dollar is worth more than the US Dollar now, don’t even get me started on the Euro, this has killed the potential for some good investments for me).

We’ve heard this is because of the high price of oil, the interest rates, the high price of gas, etc. etc. etc. All of which is complete bull.

Inflation is caused by the value of a country's currency which is the ratio of (Country’s GNP / Available Currency (including credit). So, anyone who knows ratios and fractions can see that the more currency (and credit) available the lower value our money is. Now, what happened just before the dollar crashed?

Don’t believe me? Webster’s:
(http://dictionary.reference.com/browse/inflation )
A persistent increase in the level of consumer prices or a persistent decline in the purchasing power of money, caused by an increase in available currency and credit beyond the proportion of available goods and services.

Oh yeah, the government signed bills allowing BILLIONS of dollars to be pumped into banks allowing people to borrow more money. Smooth move people. Now our dollar is worth very little to other nations.

Now, we’re blaming OPEC on the high price of gas and oil which is also, ready? BULL!! Since our dollar is weaker, it costs more to get a barrel of oil from other countries. OK, so our dollar has gone to record lows in value causing the price of oil to skyrocket (which also directly affects the price we pay at the gasoline pump).

Our government is blaming inflation on the price of oil and OPEC when that is the exact opposite of the truth. Our own government pushed the value of our dollar so far down that anything that has anything to do with something that is imported will cost us more, including gas and oil!

**Poker** · 06-04-2008, 11:31 PM

Worse than pushing the dollar down they did it while saying the entire time that they believe in and are pursuing a strong dollar policy.

oh where oh where have all the Bushies gone? No more cheerleading? 'Cmon people, Bush himself was a cheerleader in college

PS: If you some of you were blind enough to vote Bush in twice don't expect anyone to listen to you when you say the next Repub will be different...I actually don't mean to get personal here but it became very personal when the current admin starting creating so many problems and acting so arrogant and even contemptuous of the American system of checks and balances.

**draggar** · 06-05-2008, 05:35 AM

IMO the weak dollar is playing a big game w/ domaining. There have been several domains that I wanted and if the dollar was as strong as it was 2-3 years ago I could afford it (most of the domains were in Euros). Now, the weak dollar has pushed a lot of them out of my price range.

Gee, didn't we learn this lesson from Germany after WWI? What next? Taking a wheel barrel full of cash just to buy a loaf of bread?

**tas38** · 06-05-2008, 07:10 AM

From what I seen and read, it's about how much a country owes that matters most. The bush admin put the USA in the hole, to the tune of about 9 trillion bucks while clinton had all the bills paid. It's like anything else only we are talking about a country, the fact is china and others are investing in big biz here.

At the rate we are going the USA biz's will not be owned, by USA Biz's only run by them for other owners. Since the USA is for sale dirt cheap, why not buy them up even when you are a poor country like china. They make their money back and much much more, and it also gives them that much more power in the USA.

The worth is now changing hands, to big oil and OPEC and china as well. The more money troubles other big biz's have, the more they will buy into them dirt cheap thanks to the bush admin. Putting us into the hole 9 trillion, and handing the markets over to big oil like he did. Think about it all the money being lost in the USA, is being gain by some one or some place else.

So take a look at who and what are gaining the money, the fed had no choice but to stop the market from crashing. Had they left it crash we would of lost most everything, I can tell you right now. The fed will not let the markets crash here, they will do what ever it takes to hold them up. And that is the only reason they did not crash already, the fed gov't here been holding it up.

The small rebates will do nothing to help the problems, but once obama gets into the white house. Things will change over as oil loses it's hold on the markets, money will be spent on going green. This will make things again boom and the USA dollar, will keep going up in value as it does. Big oil is not dumb they know it's coming, they will start lowering the price. Investor will know it's coming, and start drop oil stock then it's all over but the crying.

Big oil will most likely take their trillions they made, sell off there incs and let the new owners worry about dealing with it. Like big coal did years ago took the money and run, sold everything off after people started winning claims. The USA gov't was stuck paying out most of it, and cleaning up what they left behind as well. I coal town on fire not far from where I live, everyone had to leave because it was unsafe.

The USA gov't in and offered everyone a great deal to move, another town much smaller the USA gov't said. It was to small to worry about, that the coal inc would handle everyone leaving. The coal inc said it's not our problem, but we will give you 5k and a small pace of land. For your home or we will get right of way and took your home, so they fight and after they took a few house. Everyone took the 5k for their homes worth much more, and left because they had no choice.

The coal inc could do that because the owners, sold it to them only a few years before this all happen. And they sold it because they knew, judgments where going to be put on them. Some did file BK to get out of cleaning up their messes, the gov't then cleaned up the worst of them. And that small town that the people had to leave, that was from part of a judgment from big coal. From family that dead or go deathly sick, so big oil will do the same I'm sure. After judgments start coming, from global warming that is for sure.

**bd77** · 06-05-2008, 03:16 PM

Quote:

Originally Posted by Poker

Worse than pushing the dollar down they did it while saying the entire time that they believe in and are pursuing a strong dollar policy.

oh where oh where have all the Bushies gone? No more cheerleading? 'Cmon people, Bush himself was a cheerleader in college

PS: If you some of you were blind enough to vote Bush in twice don't expect anyone to listen to you when you say the next Repub will be different...I actually don't mean to get personal here but it became very personal when the current admin starting creating so many problems and acting so arrogant and even contemptuous of the American system of checks and balances.

I voted for Bush twice because the alternatives were much worse. Just like Obama is radical leftwinger thats going to make me hold my nose and vote for McCain even though McCain is a democrat on most issues.

**tas38** · 06-06-2008, 01:25 AM

( Just like Obama is radical leftwinger thats going to make me hold my nose and vote for McCain even though McCain is a democrat on most issues. )

Funny I'll be holding my nose and vote for obama, I feel both obama and mccain are pretty close on most things. But I'm on S.S.D. and mccain will not help us, now obama will be very likely to help us more. We been losing help since bush took office, so obama will likely get us back up where we was when clinton left office. That should be around $1,000 per month, we now get only $654 per month that is a joke to try and live on.

**Poker** · 06-06-2008, 01:41 AM

Quote:

Originally Posted by tas38

obama and mccain are pretty close on most things.

Not exactly, in fact, far from it

**fab** · 06-06-2008, 03:56 AM

Quote:

I voted for Bush twice because the alternatives were much worse. Just like Obama is radical leftwinger thats going to make me hold my nose and vote for McCain even though McCain is a democrat on most issues.

My father's exact response!

**tas38** · 06-06-2008, 04:30 AM

Well one thing is very clear now, the far rights rule is now over with. And the clinton age of the dem party is now over, it's now time for the new party rulers to take over.

**sdsinc** · 07-15-2008, 06:58 PM

Americans are slowly getting 'it'

Quote:

New York Merchants Embrace Euro
As Dollar Dips, Shops Begin to Accept Currency of Foreign Tourists

NEW YORK -- "Euros Only" reads a handmade sign in Billy's Antiques & Props on East Houston Street in Manhattan. But that's really just an attention grabber. Actually, owner Billy Leroy explains, the store will accept Canadian dollars and British pounds, and U.S. dollars, too.

Leroy is one of a small but growing group of New York merchants in tourist-favored neighborhoods such as SoHo, the East Village and Times Square who have begun to accept the euro and other foreign currencies.

With the dollar near its lowest rate ever against the euro and the numbers of international tourists in New York at all-time highs, some store owners figure accepting the euro offers a convenience to customers and sometimes generates a stockpile of a strong currency for themselves.

....

http://www.washingtonpost.com/wp-dyn...022401642.html

**Acro** · 07-15-2008, 07:09 PM

Quote:

Originally Posted by bd77

I voted for Bush twice because the alternatives were much worse. Just like Obama is radical leftwinger thats going to make me hold my nose and vote for McCain even though McCain is a democrat on most issues.

You should live abroad for a while to truly see what "radical leftwinger" means.

Quote:

Originally Posted by sdsinc

Americans are slowly getting 'it'

http://www.washingtonpost.com/wp-dyn...022401642.html

Yeah, I blogged about it

a while back.

**onlinetv** · 07-17-2008, 07:25 AM

I have been Euro for 4 years. I wont talk dollars. You can lose 4 percent overnight.

I am happy to see my fellow Americans are waking to the faux media story about "inflation." You are in a depression. Your dollar has been devalued 50 percent in less than a year! You are taking it up the backside with a smile!

Creating more fiat currency? Another couple trillion this week for bankers and save homeowners? Lets call that $10 dollar a gallon and 5 bucks for an apple.

It's beyond the gluttony of my fat fellow slobs; it is the stupidity in creating this folly and listening to a government gone wild. The pudding is on the table and it stinks.

You going to vote? Hold you nose as you vote for evil? Better of two evils? Still evil. You are not going to get out of it because they both will take you the same place. As long as you participate in the fraud you are part of it and condoning it. You reap your just rewards.

Good idea to take Euros in the short term, but it is no better than dollars really. And if they implement the federal EU it will be exactly the same. No place to hide. Sarkozy wants to make an EU army to suck money out and make drum sounds like the USA. The EU is structured so lawmakers are not elected but appointed and have full lifetime immunities. They have put democracy into a vacuum outside their royal walls as they perpetrate whatever agenda they want. It is a crass lesson in establishing a legal fascist state. But didn’t the flag look amazing over the Eiffel tower the other day? Such pomp and circumstance – remind you of anything?

Push your States to regain their sovereignty and take hold of the federal governments. Then you can regain your States rights. Never let government get out of reach or you will never be able to touch them again.

In the meantime PLEASE stop printing more paper gumba? It is just devaluing what any of us hold forcing us to dump them.

**VirtualT** · 07-17-2008, 08:18 AM

I think I might start putting my domain sales in AUD, then if the sales thread goes on for a couple of weeks I don't lose too much money

**Seraphim** · 07-17-2008, 08:22 AM

I'm an American living in Poland. Yesterday the dollar fell to a historic record low against the Polish Złoty. Should break a major psychological barrier today or tomorrow, and finally dip under 2 zł to 1 USD. That's after years of enjoying a healthy 3.00+ to 1 conversion ratio. Add in Poland's infamously high inflation rate to that mixture, and goodbye American tourists. Not good at all for local business owners here in Kraków, or especially exporters with clients in the US.

If Bush, McCain, or Obama attack Iran [all three seem pro military intervention], or allow Israel to do so, our USD problems today could just be the tip of the iceberg. The saber rattling itself is rocking the hell out of the markets.

**Raider** · 07-17-2008, 04:42 PM

Post in the Political section about the Original POST and the mods say it's OFF TOPIC and close it down...... Incredible.

http://www.dnforum.com/f254/us-beer-...ad-311514.html

Quote:

Originally Posted by Poker

Worse than pushing the dollar down they did it while saying the entire time that they believe in and are pursuing a strong dollar policy.

oh where oh where have all the Bushies gone? No more cheerleading? 'Cmon people, Bush himself was a cheerleader in college

And what were you in college? Oh I forgot, you didn't go... You were too busy breaking your wrist while high on drugs.

Asking you about the Economy is like asking the Garbage Man how to plan for the future...

You claim to be this expert on the market, saying we should of listened to you, This is from someone who is here on DNF most of the day earning pennies on his domains, YEAH, We should all listen to you Poker, you great economist you!....

Hey Sam! Where do you get your market advice?

Oh, I get a from a guy named "Poker" on a domain forum.

**PREDATOR** · 07-17-2008, 04:57 PM

Quote:

Originally Posted by bd77

I voted for Bush twice

framed for insanity

one negative strike for doing it, another for being brazen enough to admit it. three strikes and you're out!

nothing personal but what does it have to take for some people to hang their head in shame and admit they're culpable for the state of their country by voting for a chimp?

............ twice

i'm starting to think with this attitude the ones that voted deserve all this. i genuinely feel for those that didnt. the other 51%

**Raider** · 07-17-2008, 05:11 PM

Quote:

Originally Posted by PREDATOR

framed for insanity

one negative strike for doing it, another for being brazen enough to admit it. three strikes and you're out!

nothing personal but what does it have to take for some people to hang their head in shame and admit they're culpable for the state of their country by voting for a chimp?

............ twice

i'm starting to think with this attitude the ones that voted deserve all this. i genuinely feel for those that didnt. the other 51%

For those who think we would be in a better position today, in both the economy and Foreign affairs by voting for Gore or Kerry, are fooling themselves....

Bush is not the greatest President we've had, but he was clearly the better choice.... My Vote for the upcoming election will NOT be for McCain, It will be against Obama.