The Economic Crisis (The Fall of America & the Western World)

[Andre]

Printing Money Causes Inflation? | Beyond Highbrow - Robert Lindsay

Thats covers a few different angles.


I think theres a mix up here in this thread, between recent printing of money to spend on old loans etc; and the old law of thumb that you could only print money if you had the same in reserve in gold etc.

As to the 32 trillion figure mentioned a few page ago: I think Brock is thinking about the Us governments gift to the bank bail out a few years back, that they just went and lost somewhere.

Personally I dont pretend to know much about this money market stuff, I had to go look up the meaning of a few terms you guys used just to get a small handle on it for my own general level of understanding.

@Kirkland Laing I have a question mate. With China keeping their currency value down which helps them as leaders in exports and booming on their home front:

That sort of kills our own growth at home and makes us rely on their future produce.

It seems to me China will eventually be set up as self sufficient and we will be left lacking crops and industry that fell to their cheaper exports etc.

Other than (the man in the streets)refusing to buy imports; is there another way (through the money markets) to stem the inevitable?

I worry about this on a ground level, watching our 50 year old fruit tree farms being cut down and made into housing land or for beef cattle because we cant compete with Chinese imports and our local car industries closing down and going overseas for cheaper labour are just a couple.

It seems like the whole thing is going to head further into the way of a global farm and industry designated to countries that suit each better .

Locally that sort of spells out a grim future when you think about it.