Inflation is the same thing: Printing more money, out of thin air, and pretending that the money already in circulation still has the same value.

Your optimist123 is just a blogger Sean. Nothing else. His opinion doesn’t matter, especially since it is totally unvalidated. The minor interest rate “hikes” as a result of oil (supposedly) at a time when oil wasn’t even that expensive, were so minor, that to blame them for the current economic crisis makes you seem like someone who just needs a pat on the head and an ice cream cone, because logic is wasted arguing against your points, since they are so incredibly invalid.

This “recession” or “depression” was not caused by what you claim, and is actually diagnosed correctly by Ron Paul in the video you are posting responses to but somehow still claim that he never diagnoses the problem.

Originally, in your first response to this video, you write:

“The point is, we can take risks that have proven to work, or we can just forfeit with huge reprocutions.. I’m pretty sure they know alot more than everybody here, so bad talking them doesn’t make anyone any smarter.”

Couple things ridiculous here. Number one: these “risks” are not proven to work, they are proven to not work. Consider the Bush stimulus of the last couple years. Did it work? no. Has printing money ever not led to long-term economic strife? NO! It has never ever ever worked. So, your statement that these risks are proven to work is just bogus and nothing else.

Also, one of the experts, who you say know more than any of us (kind of ridiculous as far as assertions go, since you know nothing about us, and the only thing you know about experts is that the TV calls them that) says himself that Ron Paul was going way over his head! Do yourself and everyone else a favor, and just completely separate yourself from any kind of economic or intellectual discussion until you educate yourself on the topics being discussed. You are wasting your time and ours. Just think, you could be reading http://www.mises.org or The Creature from Jekyll Island, A Second Look at the Federal Reserve by G. Edward Griffin, or the Mystery of Banking or Business Cycle Theory by Murray Rothbard, or just even studying the history of money on wikipedia, which is fascinating by the way. Do yourself a favor, become an expert! Then you will know how silly the “experts” really are.

A lot of “experts” believe that since the whole world is on a fiat currency system, sellers have no choice to accept the dollar. While I believe that is already unraveling, based on statements from Putin, the CNBC hosts won’t figure it out until Iran makes a deal with China to exchange “x oil” for “x wheat”. That will be the day when it is realized that confidence in fiat currencies is officially over and inflation will not only rear its ugly head, but it will be a GIANT so large that I fear civil unrest in many countries.

We in Australia have a gutless govt in panic.They are throwing money at everything.Just a few months ago they had a surplus of $2o billion and now have a deficit of twice that.

This Govt is using money to buy popularity so they will get in come next election,so they target groups who vote for them,not for the best productive outcomes.

The laughs are theraputic.