Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
12 Warning Signs of Hyperinflation
>
Reply to Thread
Message:
<p>[QUOTE="Raqem, post: 1139266, member: 29288"]I won't argue that the financial outlook of this country looks grim, but there are enough issues with the article for me to take it with a grain of salt.</p><p><br /></p><p>#3 China's monetary policy is atrocious. No one will be using the yuan as the new reserve currency any time soon. China's comments, however, point to this possibility in the distant future. The U.S. needs China to stop undervaluing their currency which is feeding their exports so that our exports have a fighting chance. China wants to starve the world's exports so that only they have any sort of manufacturing capability left. Once they find themselves in that position they can correctly value their currency which will make it shoot up. However, this is a tricky thing to do and if their past performance is any indication their currency will still be too unstable to be depended on.</p><p><br /></p><p>#8 The U.S. doesn't spend money evenly throughout the year. Cherry picking February's numbers and annualizing it over a year is disingenuous at best.</p><p><br /></p><p>#10 Obama never campaigned as the "anti-war president". That's what the opposition painted him as. He said from the very beginning that the country "needed to focus on Afghanistan". Troop deployments overseas in 2008 was over 500,000; it's currently under 400,000 (so it went down, not up). No U.S. troops are being deployed to Libya, and overall Obama wants to lower military spending (like Clinton did in the 90s which is the only time in recent history we didn't run a deficit). This point is full of lies, and I'm not even sure how "lying about foreign policy" is directly related to hyperinflation.</p><p><br /></p><p>#11 Obama isn't redefining what a balanced budget is. Presidents and politicians have been using that same bad definition for decades. Obama is guilty of continuing to use it, though.</p><p><br /></p><p>#12 This isn't even a point! It's more predictions disguised as another point. They probably didn't even think anyone would read this far (unless they fully agreed at which point you could pull a fast one on them).</p><p><br /></p><p>Like I said, I'm not saying we're in a great financial position, but this article has too many obviously incorrect points to let me trust the other points at face value. I would have to research them individually to determine their truthfulness and relevancy.</p><p><br /></p><p>I'm not sure what the point of the article is. If you're an innocent bystander who is truly concerned about this issue, wouldn't you keep this a secret? I would buy up all of the silver while I could at the current price. If I told others they should be hoarding silver that would only make the price go up! However, if I was <i>selling</i> silver then putting this type of article up would be perfect for business.[/QUOTE]</p><p><br /></p>
[QUOTE="Raqem, post: 1139266, member: 29288"]I won't argue that the financial outlook of this country looks grim, but there are enough issues with the article for me to take it with a grain of salt. #3 China's monetary policy is atrocious. No one will be using the yuan as the new reserve currency any time soon. China's comments, however, point to this possibility in the distant future. The U.S. needs China to stop undervaluing their currency which is feeding their exports so that our exports have a fighting chance. China wants to starve the world's exports so that only they have any sort of manufacturing capability left. Once they find themselves in that position they can correctly value their currency which will make it shoot up. However, this is a tricky thing to do and if their past performance is any indication their currency will still be too unstable to be depended on. #8 The U.S. doesn't spend money evenly throughout the year. Cherry picking February's numbers and annualizing it over a year is disingenuous at best. #10 Obama never campaigned as the "anti-war president". That's what the opposition painted him as. He said from the very beginning that the country "needed to focus on Afghanistan". Troop deployments overseas in 2008 was over 500,000; it's currently under 400,000 (so it went down, not up). No U.S. troops are being deployed to Libya, and overall Obama wants to lower military spending (like Clinton did in the 90s which is the only time in recent history we didn't run a deficit). This point is full of lies, and I'm not even sure how "lying about foreign policy" is directly related to hyperinflation. #11 Obama isn't redefining what a balanced budget is. Presidents and politicians have been using that same bad definition for decades. Obama is guilty of continuing to use it, though. #12 This isn't even a point! It's more predictions disguised as another point. They probably didn't even think anyone would read this far (unless they fully agreed at which point you could pull a fast one on them). Like I said, I'm not saying we're in a great financial position, but this article has too many obviously incorrect points to let me trust the other points at face value. I would have to research them individually to determine their truthfulness and relevancy. I'm not sure what the point of the article is. If you're an innocent bystander who is truly concerned about this issue, wouldn't you keep this a secret? I would buy up all of the silver while I could at the current price. If I told others they should be hoarding silver that would only make the price go up! However, if I was [I]selling[/I] silver then putting this type of article up would be perfect for business.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
12 Warning Signs of Hyperinflation
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...