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The Forum > Article Comments > Inflation, stagflation and money supply > Comments

Inflation, stagflation and money supply : Comments

By Jonathan J. Ariel, published 20/6/2008

Book review: 'The Trillion Dollar Meltdown' reveals the failings of some can have devastating repercussions on many.

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Ah, the wonderous human disasters that result from the dominant ideology of 'hands off', Free Market capitalism .... about to go Kaput, as Mr Morris explains!

Trouble is, the sheeple will once again be forced to pay the price for the hubris, greed and complete indifference to the suffering of others by the amoral, 'executive' employees of the huge global financial accounting and management consulting firms, stock broking companies, private banks, government Treasury and Finance bureaus and the like who peddle the free market mantra. And then there are the well-rewarded, sinecured pedlars of the latest econometric theory from academe, 'executive fellows' of private, right-wing think tanks and 'financial/economic journalists' willing to peddle it around the marketplace.

Hang onto your hats folks, its likely to be a long and bumpy ride. And maybe ...just maybe, there might emerge from the smoke, rubble
and struggle, a more humanistic mode of social production and distribution of what is left of the world's natural resources.
Posted by Sowat, Friday, 20 June 2008 12:38:03 PM
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Great observations
but your missing the elephant in the room

911 was the day the stock market was going to melt down
thing is it didnt melt as much as the gold reserve held in the towers [the gold seems to have evaporated out of egsistance]

But the elephant had a baby [all the enron evidence disappeared too], but the elephant had twin red herrings to go [the cake walk war [-lk] in the park of iraq ,[and the money it cost ,the over issue of which has deflated the worth of all the other borrowed fiat dollars the fed bankers cartel prints at whim.

Plus the fact that thousands of councils have these sub prime beasties ,
along with underwriting them via kick back [in good times]but pay back in the bad

[In the scandinavian lands they lost their proffitable hydro power company to it [in qld they lost a few billion to it [that only the two i bother to write about at this time]

The biggest one being the cost of the war deflating the usa dollar into parity with the peso ,and the spending of the us pension [and quite a few other health and fed govt held] funds

Emptied to support the war proffiteers boys club ,war lobby and other special banking intrests that are intent to create hyperinflation, while with their fixed intrest loans pay it all back with tomorrows hyper inflated dollars ,yens . crugerrands and euro's

welcome to tomorrow
peace eh
Posted by one under god, Friday, 20 June 2008 9:22:55 PM
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So, who has all the money? Good luck to them but right now there are people at the bottom of the economy that need money to buy the food and fuel and things they need. This not about redistribution of wealth or multi-national business, but about money supply at the bottom of the economy.

Inflation, stagflation, georgedoubleyoubushflation, call it what you like but where is the supply of cash for people at the bottom of the economy? Where is the money supply to allow the bottom of the economy to operate? Farming must be viable. Business needs customers and trade. Consumers need money to buy food. Unsold food is being dumped while families go hungry or malnourished.
Posted by JF Aus, Monday, 23 June 2008 10:42:39 AM
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"So, who has all the money?"

The multi-billionaire families, + the multi-millionaire families, + the millionaire families, + the battalions of lesser sirs in the upper echelons of the Public Service and those who 'manage' (ie, control) day-to-day activities in the global finance, stockbroking, mining, media, arms manufacture and so on industries struggling along on between say, $300,000 - $1million per year income ... HoWARd's real 'Aussie Battlers'!

" ...where is the supply of cash for people at the bottom of the economy?"

'Cash' ... now there's a nice antiquated view of things.
They have their credit cards; get a grip old chap!

"Unsold food is being dumped while families go hungry or malnourished."

Who cares? The (Capitalist) system is based upon waste; without this type of waste on a grand scale, The Economy would have collapsed decades ago. Besides, 'The Market' will sort these sort of things out ... won't it?
Posted by Sowat, Wednesday, 25 June 2008 10:08:54 AM
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