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In the end, by refusing to allow market forces to work their cure, our economy will inevitably die from the disease. Our economy will now face death by hyperinflation, which will cause a complete loss of confidence in the dollar and result in prices and interest rates skyrocketing out of sight. The evaporation of our national wealth will lead to civil unrest, food and energy shortages, and the possible imposition of martial law. If such a scenario unfolds, what is left of our Constitution will surely be completely shredded.
 

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CabinBuilder/Author
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I heard yesterday on some financial radio show, that hyperinflation is defined as 25% or more per year. Pffffttt, that's a given right now when it comes to food prices. And so called health care, and several other things i'm not thinking about.
 

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American fearmaker
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I would think that before hyperinflation can occur, something else will probably happen. I don't see hyperinflation like the Weimar Republic had in Germany happening here. I would think that price controls and rationing by our new socialist leadership will happen first and that hyperinflation won't even be given a chance to surface or raise its head.
 

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dont worry according to many on these boards obama has the plan to save us all from financial ruin......be happy
 

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Lone Wolf
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I would think that before hyperinflation can occur, something else will probably happen. I don't see hyperinflation like the Weimar Republic had in Germany happening here. I would think that price controls and rationing by our new socialist leadership will happen first and that hyperinflation won't even be given a chance to surface or raise its head.
Nixon used wage and price controls but I would hardly call him Socialist. And that strategy worked. We ought to forget labels and dwell on problem resolutions that work.
 

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Its not just hyper inflation, its also sending our jobs over seas. The value of your money is based on how much we produce - also known as the gross domestic product.

Since we produce very little to nothing, the value of the dollar must be adjusted sooner or later.
 

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I help enlighten folks
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dont worry according to many on these boards obama has the plan to save us all from financial ruin......be happy
yeah, what's he thinking, departing from the thinking of the last 8 years

:upsidedown:

duh
 

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Information is Ammunition
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yeah, what's he thinking, departing from the thinking of the last 8 years

:upsidedown:

duh
if you think obamas going to implement anything diffrent from what we have seen in the past 30 years your mistaken....democratic socialism of the type obama has been talking about can only be implemented within the context of a good economy. he can promise whatever he wants but reality and delivering is a diffrent story......

may i speculate? should he win he will no doubt be breifed on the actual state of the economy and will be forced to draw the conclusion that continuing the previus economic policys started by greenspan is the only way to ''right the economy'' so that he may have a base in order to do the things he wants to do, so for now he will be told he must continue the corse set by the bush/congress/senate untill a recovery and since the democrats voted for this obama will have no choice but to go along........

you see the hope here is that this will only last a year or more but the real case is a decade or more and the next president is looking at the real possibility of being another jimmy carter......just because it looks like things are now stable they are not there is a fast erosian still impacting this nation and it's happening on main street.....our economy was credit consumer based and the rug has been pulled out from under that what we see now that looks like stability is only the residuals left over from that economy..........
 

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American fearmaker
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If Obama does get elected, he will continue with the Democrats' financial plans and programs that brought us the collapsing markets in the first place. Things will get a lot worse, he will be forced to use rationing and price controls to keep people from revolting, lie to us "about the economy is about to turn the corner" and then draw us deeper into the financial collapse.

If McCain gets elected, he'll make deals with the Democrat controlled Congress which will lead us into more financial collapse until he has to announce rationing and price controls. McCain will then try to cut some more deals with the Democrats, lie to us "about how the economy is about to turn the corner" and draw us deeper into the financial collapse. What's so hard to understand here?

Obama is a true believer in socialism and McCain will negotiate with the devil until the devil wins what he wants. Either way, we end up with socialists leading us down the road to financial collapse. Socialists control the Congress right now for the next couple of years... It's not a label. It's a fact.
 

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Lone Wolf
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If Obama is a true believe in socialism that must make GW and McCain true believers in bankrupting America, right? You're not going to blame Obama for GW's finanical mess are you?
 

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American fearmaker
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"You're not going to blame Obama for GW's finanical mess are you?" Nope, not at all. Obama only helped create this financial mess. The start of this fiscal collapse goes all the way back to Lyndon Johnson and his "Great Society" programs.Then you have Jimmy "The Peanut Picker" Carter changing some Fannie Mae and Freddie Mac rules so that poor people could have their own housing even if they could not afford it. Then good ol' Bubba Clinton made even more changes to Freddie Mac and Fannie Mae so that banks HAD to accept a certain percentage of bad/risky applicants to meet the changes in federal guidelines that he implemented with the support of Obama, Kennedy, Pelosi, Schumer and so on. Blame Obama? Never! Just his ilk: Democrat socialists who have railroaded the Democrat party away from true Democrats. The Democrats USED to be a good party UNTIL American socialists camouflaged themselves as Democrats starting back in the early 1960s. So, exactly HOW did G. W. Bush start this financial mess all by his little lonesome? Most of us understand that Congress controls the purse strings of our nation and right now Congress is controlled by who???? Did you say the Democrats??? Hmmm... Kind of interesting isn't it???
 

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I would think that before hyperinflation can occur, something else will probably happen. I don't see hyperinflation like the Weimar Republic had in Germany happening here. I would think that price controls and rationing by our new socialist leadership will happen first and that hyperinflation won't even be given a chance to surface or raise its head.

I'm betting that quite the opposite will be true. A think the IMF is going to step in and hand over everything to their elite just like they've done with every other country they take control of. It won't be socialism, it'll be fascism/corporatism.

Just a hunch.
 

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American fearmaker
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freakmonkey, just remember to not accept any of the Clinton cigars if you ever visit the White House... especially the ones labeled "fish flavor..."
 

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IMO I believe we will, at first, see a decrease in prices as the recession gains steam and consumers close their purses and attempt to pay down their debts. Retailers and factories will reduce their prices in a desperate bid to move inventory out. It is after this stage that I see the spectre of hyperinflation becoming a very real threat. We are somewhat fortunate that we did not see a "perfect storm" of $200 per barrel oil prices added to our already overwhelming economic woes. If oil prices rise sharply while we are in the current situation, it will be the proverbial "bullet to the head". We shall see.

Politics will not be the cure for this. No one's guy is going to make this go away. More likely, whoever wins the election will be taking a seat similar to the captain's chair on the Titanic. As she is going down. It will be a no win situation for them. It will not be entirely their fault but they will get all the blame and there will be Hell to pay.
 
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