Pay off any debt...SOON!

[prestonway]

As expected, in order to pay for the stimulus package, the U.S. government has rapidly increased the M1 Money Supply to help pay for it.

Click here on this Wall Street Journal article http://online.wsj.com/article/SB124458888993599879.htmlto see the expected effects of this move on inflation and interest rates in the next few years.

Remember the early '80's???

If you have a mortage, loan, or outstanding balance on your credit card...LOOK OUT!!!!

Bubububabeeee you ain't seen nothin' yet...

 

[avenuegardensflorist]

...


if your mortgage is a fixed rate loan you should be ok.
Pay off all you variable rate debt first.

anyone notice what happened after obama renounced bush's
drill-drill-drill policy, which drove /gallon prices to <$1.60.
About 1.5 months ago Obama waved his magic wand and
BAM we are paying ~$20 more per delivery vehicle fill-up.
Thanks barrack.

 

[sfox]

...


if your mortgage is a fixed rate loan you should be ok.
Pay off all you vaiable rate debt first.

anyone notice what happened after obama renounced bush's
drill-drill-drill policy, which drove /gallon prices to <$1.60.
About 1.5 months ago Obama waved his magic wand and
BAM we are paying ~$20 more per delivery vehicle fill-up.
Thanks barrack.

Wait a minute here! Bloomz takes offense with anyone knocking his beloved liberals and Obama.

When Bush was President, bloomzie would have posted that the gas price increase was due to Bush and Cheney and their buddies taking advantage of the country.

Well know it seems that Obama and his liberal buddies are taking advantage of the country, but bloomzie doesn't gripe about that, just like the liberal media.

Forget about their talk of cap and trade as a reason for prices to go up. Forget about the fact that they are running up a deficiet 10 times the amount Bush did, even with the war in Irag.

Naw, the price of gas is just the result of good old liberal policy coming together. Obama is a great man, he is spending our tax dollars faster than he can collect them. And hang on to your wallet because you ain't seen nothing yet.

 

[prestonway]

There's a reason I didn't post this thread in the political forum.

Was hoping this talk would be about finance.

Thanks all!

 

[sfox]

There's a reason I didn't post this thread in the political forum.

Was hoping this talk would be about finance.

Thanks all!

My post was about finance and politics has a huge influence on finance.

Right now inflation is low, but the markets are reacting to the fear of inflation because of the political decisions being made by the present administration.

Oil is rising because of the expectation of future demand. The financial people understand that Obama and the liberals are not willing to drill for new sources of oil here in the U.S. so they feel that prices will rise even further. The liberals willingness to block any new sources means that oil and gasoline are ripe for speculators to make huges sums of money off the back of both businesses and everyday people. The "green" movement sees nothing wrong with the prices of all sources of energy, gasoline, natural gas, electricity, going thru the roof becuase they feel that that will mean people will conserve. What they and their liberal partners don't understand that it put the breaks on our whole economy. Even though huge numbers of people in this country are financially hurting, they have no problems of following this kind of policy.

Let's get something straight right now about oil. There is plenty of oil. What there is is a very big shortage of places available to drill for oil.

 

[BOSS]

Preston is right... now's the time (actually it has been, Da Skin ranted about this 5 years ago) to eliminate any and all debt you can.

We truly have not seen the worst nor anything close to what things are going to turn into.

 

[SpringCity]

Hey why isn't all this blather in the political forum?

 

[Mikey the Flower Guy]

Hey why isn't all this blather in the political forum?

we're trying to have "civil" discussion, however, Civil "seems" to relate to WAR!!
at THIS point, I AM VERY worried for our US cousins, that smooth talker is about to plunge the US economy, into depths that it has NEVER seen.
The world currency markets are about to "punish" the US hierachy for simply ONE issue...non-liquidity.
Hyper-inflation will NOT last long, the lasting effects, will be devastating.

 

[RWK]

All I can offer in reponse to this discusson is ....... Thank God My house, land, cars, credit cards, are paid off in full. Utilities, insurances, fuels are the only things outgoing right now.

 

[BOSS]

The world currency markets are about to "punish" the US hierarchy for simply ONE issue...non-liquidity.

Hyper-inflation will NOT last long, the lasting effects, will be devastating.

It is a very ponderous thought...

Our economy has been affecting others around the world negatively for too long, the time to pay the piper is growing short. Mikey is right... the "fall" will not take long...the landing will be devastating, and the climb back up may take a generation or more...