View Full Version : Are we destined for a major spike in inflation?
spyderman 04-07-2006, 08:15 AM It took 230 years and 42 presidents to amass $4 trillion in national debt. In just 5 short years President Bush has doubled the national debt to $8 trillion.
An unnecessary war is draining $6 billion a month from our coffers.
Bush gave a huge tax cut to the wealthiest. The first time any president ever gave a tax cut during a time of war.
Energy prices are at the highest levels ever. The war is also a major drain on oil supplies causing higher prices.
Friction_Shifter 04-07-2006, 08:30 AM not that he already doesn't look like the devil....
odeum 04-07-2006, 08:31 AM if other nations trade in currency other than the USD, globaly, the inflation in the us will skyrocket. a looming crisis, this is a primary motivating factor for the us to control and exploit the resources and banking of other countries and regions, as the us economy is a house of cards set up on the proposition of unlimited, rather than sustainable, growth.
of course the trade deficit and military/corporate/profiteering industry will be paid for by future generation of taxpayers, while the no-bid contracts get awarded to those such as halliburton who profit from a nation of taxpayers wothout representation, as the appointees of homeland security, ect., need no election to spend freely (read: mismanage) the taxpayers monies. no checks and balances to be sure.
regarding the us involvement in global invasion, when bush speaks of "stability in the region", this is code for this situation.
just look at the leaders of nations who attempt to exert control over their own people's resources, banking, and currency, does not take long for them to be labled
such as "axis of evil..."
rice called hugo chavez a "destabilizing factor" for this very reason.
however, be they cooperative with the WTO, world bank, trade their petro in USD, do not offend the G8, they will be in the good graces of the us, up to and including being the recipients of arms trade, regardless of their stance on "democracy", WMD, or human rights...such is the hypocrisy of the criminal syndicate that is the bush regime.
It took 230 years and 42 presidents to amass $4 trillion in national debt. In just 5 short years President Bush has doubled the national debt to $8 trillion.
An unnecessary war is draining $6 billion a month from our coffers.
Bush gave a huge tax cut to the wealthiest. The first time any president ever gave a tax cut during a time of war.
Energy prices are at the highest levels ever. The war is also a major drain on oil supplies causing higher prices.
filtersweep 04-07-2006, 09:02 AM I really don't see no-bid contracts as inherently evil. When I buy anything, I usually avoid buying the cheapest car, house, bike, clothes, you name it. Additionally, on HUGE projects, why spend huge resources on the tendering process alone? It makes no sense. On that scale, only a handful of companies in the world can even handle the job. There are much worse bogeymen then no-bid contracts.
Oil prices are rising again... health care isn't going to get better on its own... no end in sight for the war... I am lucky not to be living in the US these days.
bigbill 04-07-2006, 10:00 AM I really don't see no-bid contracts as inherently evil. When I buy anything, I usually avoid buying the cheapest car, house, bike, clothes, you name it. Additionally, on HUGE projects, why spend huge resources on the tendering process alone? It makes no sense. On that scale, only a handful of companies in the world can even handle the job. There are much worse bogeymen then no-bid contracts.
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The theory of constraints business model uses single sources for contracts. If you shop out of a contract each time you need a product or service, you will get numerous bids from companies that have no idea what they are getting into. They will give a low bid to get the contract and then add charges as they go due to unexpected expenses. Haliburton is seen as an evil empire, but they are equipped to perform a service in a remote location with their own infrastructure. How many other companies can do that or even afford to establish the infrastructure. Only two shipyards build submarines in the US for the same reason. Look up Johnson Controls and see how big they are and what contracts they have.
As far as inflation, it is coming and only a upward adjustment of the interest rates will slow it down. Housing prices will fall and all those people who have interest only loans on the assumption of building equity due to appreciation will be screwed.
Friction_Shifter 04-07-2006, 04:12 PM during our last election didn't he have a plan to significantly reduce our national debt?
rocco 04-07-2006, 04:16 PM during our last election didn't he have a plan to significantly reduce our national debt?
Yes. ...tax cuts.
P.S. If you also want to be a millionaire send $19.95 to P.O. 66600, Los Angeles CA 90042.
odeum 04-07-2006, 09:07 PM let me clarify on the high bid comment, the contracts that are being awarded to the military/security/corporate quasi-government are in many cases misguided or obselete
(star wars, air to air) or chosen for advantage of friends and family (diebold untraceable voting over paper trail availability systems) , just to name a couple few examples.
the point is, as the war on terror (an illogical premise at it's very core) is a manufactured event created under intentionaly deceptive pretense, so then are the contracts that are so generously handed out for the expenses that are justified only as a result of this deception.
and when it comes to the necessities of the us, such as disaster releif and rebuilding, these contracts are also kept in the family (the bush criminal syndicate) even when regions in need have the companies with pertinent expertise to do the job, and profit locally.
in both cases, the representative input of the spending of taxpayer dollars is often ignored, as the decisions are made independently of the voting public in many cases.
I really don't see no-bid contracts as inherently evil. When I buy anything, I usually avoid buying the cheapest car, house, bike, clothes, you name it. Additionally, on HUGE projects, why spend huge resources on the tendering process alone? It makes no sense. On that scale, only a handful of companies in the world can even handle the job. There are much worse bogeymen then no-bid contracts.
Oil prices are rising again... health care isn't going to get better on its own... no end in sight for the war... I am lucky not to be living in the US these days.
odeum 04-07-2006, 09:10 PM remember, campaigns for votes are a product of pr firms, with almost as much substance as toothpaste ads.
during our last election didn't he have a plan to significantly reduce our national debt?
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