At Moxie regarding the video and price inflation:
Producer and consumer prices have started to rise in a lot of sectors. I suspect that's due, at least in part, to speculators who see what's coming down the road.
The bigger problem is the money held by the banks. As far as I know (again, my eye is not on the ball here), the Fed sent a bunch of money to the banks, pumping the monetary base. The state told the banks, "Start lending."
The banks said, "Are we legally mandated to do so?"
State: "Uh, no. We're not forcing you, but it'd be really nice of you if you did."
Banks: "Nah, tell ya what. Hold onto it for us, and give us a little interest on it." (I think it's 0.15%, or something similar).
So, most of the cash hasn't hit the money supply yet. Most of it is sitting in the Fed's vaults, collecting interest. If that cash makes it into the hands of the public (pumping the money supply), consumer prices are likely to rise quickly.
I haven't seen the Fed data on commercial loans for a few months, so I may be off-base here. A lot of cash may have trickled out through loans, etc.
Tax Increase on the wealthy.... great. As you know Jake, We'll be paying out the ass for shit that happened decades ago.
And did you notice what they're implying "wealthy" means? $250,000 per year
per couple. Good grief. People on this board hit that.
Y'know, the Austrians have warned folks in the past, "Don't get too used to the good times. They ain't gonna last. It's a facade. The costs are being hidden, and pushed to the future. You can't avoid 'em."
Sometimes, those cranks know what they're talking about.
