Saturday, December 19, 2009

Is high inflation coming from Bernanke's decisions?

video

Watch this video. It is one of many videos out there that try to explain the danger we are in as a country. We are going to have a high degree of inflation to cover all of the borrowing we have done this last year in the stimulus package and over the last 25 years. It was only a matter of time before all this borrowing was going to catch up with us. The sad part about it is we have done this to ourselves. We didn't want to here that we needed to stop spending and bring down the deficit. We kept thinking we can borrow more and more money to allow us to live our expensive lifestyles. We did it in the 1980s after inflation was 12%. Ross Perot brought the debt into the limelight and caused us to look at our spending. We then, at least, had balanced budgets without deficit spending for awhile in the late 1990s. However, when 9/11 hit, we started to have deficit spending again to cover costs of a slowing economy after the 2000 scare and the beginning of the "fight against terror". So if you want to face the truth or not, that is up to you but the facts will not go away.

1 comment:

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