A public service announcment

Nigel Farage is awesome, thx for the video

People have been predicting hyper-inflation since 2 years ago when the FED started Quantitative easing...the inflation rate hasn't risen more than 2%

http://www.usinflationcalculator.com/inflation/historical-inflation-rates/
http://www.usinflationcalculator.com/inflation/current-inflation-rates/

Japan's lost decade which he talks about in the longer essay happened also due to the japanese having to tight of a money supply policy, not to loose.
http://en.wikipedia.org/wiki/Lost_Decade_(Japan)

Plus right now America is actually more concerned over a possible deflation spiral than we are hyper inflation.

Also claims "Britain has already entered stagflation, with rising prices, high unemployment and economic contraction"
Um stagflation has no specific amount but is typically over 7% for multiple years....UK hasn't gone over 6 in a long time and is around 3-4 right now...sooo ya http://www.guardian.co.uk/news/datablog/2009/mar/09/inflation-economics

Also his 2012 predictions are really insane http://savecapitalism.wordpress.com/2011/12/31/2012-goodbye-and-hello-again/

How about a wager...I say the fractional banking system won't collapse and although the euro may collapse there will not be hyper inflation or stagflation in America or with the Euro (european countries if they drop maybe but not the euro if it's around).

Again idk what to wager, pride i suppose

On June 13 2012 19:52 palak wrote: How about a wager...I say the fractional banking system won't collapse and although the euro may collapse there will not be hyper inflation or stagflation in America or with the Euro (european countries if they drop maybe but not the euro if it's around). Again idk what to wager, pride i suppose

econ bet for rollz obviously

wanted to step in w/ 'in b4 palak' but too late

lol @ everything palak wrote

As much as i trust and understand what palak is saying, and trust the system(s) itself, i don't trust the people who run the system(s), which is the main problem IMO, not the system that is being used.

On June 13 2012 19:52 palak wrote: How about a wager...I say the fractional banking system won't collapse and although the euro may collapse there will not be hyper inflation or stagflation in America or with the Euro (european countries if they drop maybe but not the euro if it's around). Again idk what to wager, pride i suppose

Most meaningless willingness to bet I have ever seen in my life.

If he wins - he gets useless currency.
If he loses - he loses useful currency.

Don't have money online and can't get it online (fuck u again doj), hence can't wager that...soo ya not much I can actually bet with

edit: also like it since there's nothing to win, just lose...like the game in family guy (petarded episode)
Peter Griffin: [reads game card] For whistling at a white woman, go directly to jail. Aw, man! Doesn't anyone ever win at this game?
Cleveland Brown: You don't win. You just do a little better this time.

check by mail
gogogo

^ First time I've seen a Canadian say "check" instead of "cheque".

im from Quebec too ;o

http://en.wikipedia.org/wiki/Self-fulfilling_prophecy

as Master Oogway said in Kung Fu Panda, "One often meets his destiny on the road he takes to avoid it"

Didn't realize DustySwedeDude had the power to influence the outcome of the euro zone ;p

what is it made of, this Euro Zone you talk about?

Yay, Sweden and Norway so smilar, but we didn't jump on that Euro bandwagon xD

On June 13 2012 19:52 palak wrote: How about a wager...I say the fractional banking system won't collapse and although the euro may collapse there will not be hyper inflation or stagflation in America or with the Euro (european countries if they drop maybe but not the euro if it's around). Again idk what to wager, pride i suppose

FBS might survive, the Euro will probably not. We already have really high inflation in the US, it's just that you decided to change how to measure it.

I'm betting hard on this, I'm invested in gold and silver stocks. I'd tell you to short gold if you believe in recovery but since those markets are corrupt as fuck that'd be mean.

I dunno, hope you're right I guess.

I'd probably take bets with people I know a little bit on some country trying some kind of gold or silver standard within 10 years or so.

I have around $0 which makes it hard to buy stcoks...I'll snap call ur gold standard bet though for any EU nation, America, and China.

U got gold stocks? I suggest studying a little more bcos all those stocks are worthless if shtf, the gold stocks - paper is not backed by the metal itself. So when things start collapsing, u won't get anything out of it.

Oh wait, if u own gold mining companies shares then it's ok I guess.