Skip to main content

Just in case you missed it, The Shock Doctrine Doctor, slams the entire GOP platform.  If you have a chance, I recommend listening.  Perhaps you can listen to his words in the background while you surf.

"We can't have the country we want with the tax system we have"

"CEOs don't care about what's happening in America, their big money is being earned abroad."

"What kind of society is that, where the President dines for months and months and months with the richest people?  What kind of policies are we likely to get out of that?"

IF virtue does not return to corporate and political policies, the United States will NOT have an economic recovery.

Well, thank you Jeffry Sachs.  Are virtues dead in the market driven world we find ourselves?  If so, maybe we need to step aside and make a new world for ourselves, those of us who want no part of working to foster such a heartless, cruel, and morally bankrupt system.

While we are at it, I wish we could all relax and not worry about potential hyperinflation in the USA when so many are earning so little.

Peanut Butter will almost hyperinflate next month.  Economists define hyperinflation as inflation of more than 50 percent per month.  Peanut Butter is slated to increase in price between 30% - 40% beginning in November.

What next?  Bread?  Eggs?  Milk? Water?

And how can the US avoid this potentially dire outcome?

The solution to hyperinflation and shortages is well known from twentieth-century economic history and from the recent ex- periences in Latin America in battling high inflation.  

<>  A decisive break with high inflation and shortages requires a series of actions:

<>  Cutting the budget deficit;

<>  Stabilizing the foreign exchange value of the currency;

<>  Raising market interest rates and

<>  Tightening central bank credits to the government and to the banks;

<>  And, most important for ending shortages, removing artificial price controls that pre- vent the equilibrium of supply and demand at market-determined prices.

This combination of measures was introduced in Poland on January 1, 1990, as part of a single package.

I'd love to hear from the economic brainiacs to help us understand whether or not we are at risk of hyperinflation or a high rate of inflation in the near term.

Speaking for myself, it is this worry that is keeping me from spending a dime on anything but the Bear Necessities.

Oh, look!  Robert Reich rips apart the Right Wing economic talking points, too!

In short, Planet Greed is Doomed....Unless

So, we have no choice but to keep the Occupy Movement going non-stop.  When it becomes bitter cold, it might take a different form, a day or two off here or there.  

But the LIVESTREAMs can keep running.  The tweets can keep tweeting.  The diaryies and articles can still be written.  Lawn signs can remain in the snow.

WE MUST UNITE or we will be up Crap Creek without a boat, let alone a paddle.


Originally posted to War on Error on Wed Oct 19, 2011 at 03:19 PM PDT.

Also republished by Occupy Wall Street, ClassWarfare Newsletter: WallStreet VS Working Class Global Occupy movement, and Progressive Hippie.


Are concerns of inflation stopping you from spending?

19%15 votes
51%40 votes
28%22 votes

| 77 votes | Vote | Results

Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags


More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site