"A nasty woman"

[Winehole23]

again here: http://www.spurstalk.com/forums/show...=1#post6224145

[Winehole23]

dancing around it here: http://www.spurstalk.com/forums/show...=1#post7858233

[Winehole23]

another inflation prediction: http://www.spurstalk.com/forums/show...=1#post6471909

[Winehole23]

same thread:, another doozy of a prediction:

At the rate things are going in 20 years the Yuan will be the accepted reserve currency and the Dollar will be like the Euro.

[Winehole23]

tidings of financial doom for the US and the dollar here:

http://www.spurstalk.com/forums/show...=1#post6469134

[Winehole23]

Originally Posted by 2centsworth

Please explain the downside to this "geometric growth"? Quantify the risks and tell me when these consequences are going to happen

.

Good question. I figure 5-10 years till the tipping point. US currency has been THE reserve currency of the world. There are demands for dollars to do currency exchanges worldwide. As the US government and the Fed continues to massive amounts of "new" currency into the market to finance deficits as far as the eye can see the rest of the world is looking for dollar alternatives. When they find it the dollar is gonna go to .

I am literally betting my financial life on it. Dave Ramsey. By the end of the year I will literally have over a million dollars of low interest long term fixed interest dollar debt placed in hard assets that can roll with inflation.

[rmt]

I don't know what method the government is using to calculate inflation but I know my prices at the grocery store. Everything (except gas) has gone up - housing, groceries, clothes, tuition, insurance, utilities, taxes, etc. They must be using some funny math like that 5% unemployment rate they keep touting (with 94 million not working).

[Winehole23]

so, maybe it's not hyperinflation, but there's a clear pattern of CC predicting inflation, the demise of the US Dollar, and saying he's betting the house on it.

[Winehole23]

Oh, I think a 5-10 year window is reasonable for inflation induced by the actions of the Fed to return with a vengeance. Like I said, I'm betting a lot of money on that opinion.

[Winehole23]

"inflation with a vengeance," but not hyperinflation.

CC has been beating the drumbeat of imminent economic doom for the dollar, the budget and the USA for years.

[CosmicCowboy]

"inflation with a vengeance," but not hyperinflation.

CC has been beating the drumbeat of imminent economic doom for the dollar, the budget and the USA for years.

Get back to me when Congress and the President actually deal with the imminent demise of Social Security and Medicare. There are no possible politically acceptable solutions that don't involve monetizing the governments obligations to the detriment of the dollar.

[CosmicCowboy]

BTW, my strategy has worked since I stated I was putting my money in hard assets. The house I bought three years ago is now worth $30,000 more than I paid for it which just beat the out of inflation after all expenses and I did it with borrowed money. I'm about to buy another one. The reason this strategy is working is because interest rates are clearly being manipulated which benefits borrowers instead of savers.

[Winehole23]

Get back to me when Congress and the President actually deal with the imminent demise of Social Security and Medicare. There are no possible politically acceptable solutions that don't involve monetizing the governments obligations to the detriment of the dollar.

how imminent is the demise of Social Security and Medicare and what do you base this prediction on?

[Winehole23]

BTW, my strategy has worked since I stated I was putting my money in hard assets. The house I bought three years ago is now worth $30,000 more than I paid for it which just beat the out of inflation after all expenses and I did it with borrowed money. I'm about to buy another one. The reason this strategy is working is because interest rates are clearly being manipulated which benefits borrowers instead of savers.

duh. low interest rates favor borrowers over savers.

so much for your predictions of inflation, now you're predicting a recession.

when will we see inflation around 5-10%?

[rmt]

BTW, my strategy has worked since I stated I was putting my money in hard assets. The house I bought three years ago is now worth $30,000 more than I paid for it which just beat the out of inflation after all expenses and I did it with borrowed money. I'm about to buy another one. The reason this strategy is working is because interest rates are clearly being manipulated which benefits borrowers instead of savers.

This is part of what I said in an earlier post. The young who don't have capital/money to take advantage of all this easy money and low interest rates are voting against their self interest by voting for Hillary and continuation of Obama's policies. Wall Street and US Chamber of Commerce are backing Hillary because they want open borders, cheap labor and low interest rates.

BTW, gold miners has done fantastically for me this year - another hard asset.

[CosmicCowboy]

duh. low interest rates favor borrowers over savers.

so much for your predictions of inflation, now you're predicting a recession.

when will we see inflation around 5-10%?

Look at this trend. There are two ways to reduce total debt. Even you should admit the debt to GDP trend can't continue forever. Either raise taxes dramatically across the board or monetize it and hide the "tax increase" in the increased cost of goods and services.

Which do you think our politicians have the courage to do?

[CosmicCowboy]

BTW, I'm leaving for the airport on a fishing trip to Costa Rica soon and won't be responding to you so you can have the last word and declare victory.

[rmt]

BTW, my strategy has worked since I stated I was putting my money in hard assets. The house I bought three years ago is now worth $30,000 more than I paid for it which just beat the out of inflation after all expenses and I did it with borrowed money. I'm about to buy another one. The reason this strategy is working is because interest rates are clearly being manipulated which benefits borrowers instead of savers.

Keep doing that CC. When the s**t hits the ceiling (look at all the unfunded liabilities - SS, Medicare, Medicaid, ACA, $20 trillion debt, pensions that no one is addressing), hard assets will skyrocket. And Hillary wants to add tuition/debt-free college and single payer - oh, yeah, we can afford all that too.

[Th'Pusher]

Keep doing that CC. When the s**t hits the ceiling (look at all the unfunded liabilities - SS, Medicare, Medicaid, ACA, $20 trillion debt, pensions that no one is addressing), hard assets will skyrocket. And Hillary wants to add tuition/debt-free college and single payer - oh, yeah, we can afford all that too.

Why do you conveniently ignore the fact that any independent analysis has your guy's policy proposals adding more to the national debt by more than anything HRC is proposing (Big league)?

[baseline bum]

Keep doing that CC. When the s**t hits the ceiling (look at all the unfunded liabilities - SS, Medicare, Medicaid, ACA, $20 trillion debt, pensions that no one is addressing), hard assets will skyrocket. And Hillary wants to add tuition/debt-free college and single payer - oh, yeah, we can afford all that too.

Free college is just an empty promise she made to try to get Bernie voters, knowing it is in no way politically feasible since the GOP has virtually locked up a house victory through gerrymandering. Single payer passing a Republican House? Are you on drugs? It's your boy Trump who would actually be able to explode the debt with his campaign promises since a Trump victory would almost certainly come with a Republican senate. Then he could push his huge tax cuts for the rich just like Bush did when the GOP controlled all three houses last time. Can we afford Trump's tax cuts for the rich?

[rmt]

Independent analysis? You mean, like how the CBO scored ACA? Don't make me laugh on how off they were - both on how many people would be covered/enrolled and what it would cost. How about whatever independent analysis was done on Medicare when it was first put in? Should I go down the list of each government program that was supposed to do xyz for abc cost and didn't?

I choose to believe Trump when he says he's for the American worker - which includes closing the border, re-negotiating NAFTA, not doing TPP, not increasing H1-B visas, bringing back the trillions parked abroad with lower tax than Hillary with her open trade, open borders, hemispheric bent, Wall Street/foreign countries entanglements, probable increase in H1-B visas (why else is Silicon Valley cozying up to her) and more social programs that we can't afford.

[baseline bum]

Why do you conveniently ignore the fact that any independent analysis has your guy's policy proposals adding more to the national debt by more than anything HRC is proposing (Big league)?

It's funny because Hillary could never get that agenda through congress if she wins, but Trump absolutely could and would get expensive his tax cut through if he wins.

[baseline bum]

I don't get all the whining about the free college proposal. Hillary just said it because she knows she'd never actually be called on it. She can just blame the Republican House for not getting it done and pretend to be really progressive on education. And no way she has a Democratic senate after the 2018 midterms.

[Th'Pusher]

Independent analysis? You mean, like how the CBO scored ACA? Don't make me laugh on how off they were - both on how many people would be covered/enrolled and what it would cost. How about whatever independent analysis was done on Medicare when it was first put in? Should I go down the list of each government program that was supposed to do xyz for abc cost and didn't?

I choose to believe Trump when he says he's for the American worker - which includes closing the border, re-negotiating NAFTA, not doing TPP, not increasing H1-B visas, bringing back the trillions parked abroad with lower tax than Hillary with her open trade, open borders, hemispheric bent, Wall Street/foreign countries entanglements, probable increase in H1-B visas (why else is Silicon Valley cozying up to her) and more social programs that we can't afford.

And this is why I can't wait for the election to be over so you ing tourists can mosey on back upstairs and take your irrational thinking with you.

[Spurminator]

I choose to believe Trump when he says he's for the American worker

Yeah, he's put behind 70 years of exclusive self-interest to run for President to help others.