inflation
01-07-2010, 06:37 PM
#1
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as topic description asked...
what you guys think?
friend of mine said if you have today 100k , tomorrow it can be $100(once it happend in soviet union). he buys property in florida now - you can buy condo fo 30k-40k built in 2006 that couple years ago was 200k.i am not familiar with finances or investing ...just want to hear different opinions .any ideas where to invest now.
what you guys think?
friend of mine said if you have today 100k , tomorrow it can be $100(once it happend in soviet union). he buys property in florida now - you can buy condo fo 30k-40k built in 2006 that couple years ago was 200k.i am not familiar with finances or investing ...just want to hear different opinions .any ideas where to invest now.
01-07-2010, 06:54 PM
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My Ride: 2007 530i. Purchased 6/28/07. Titanium Silver Metallic, Black Dakota Leather, Dark Poplar Trim, Steptronic, Premium Package, Cold Weather Package, Bluetooth, Adaptive Control Xenons. 10/30/07 Added OEM 124s with 245/40/18 & 275/35/18 Michelin Pilot Sport A/S tires. Installed red Cal Covers� from BavAuto. 11/21/07 Added OEM all-weather floor mats (for winter, carpet in summer) and coat rack. 6/26/08 installed M5-style rear spoiler. 6/30/08 put on red reflectors. 8/22/08 Euro turn signal stickers applied. 3/20/09 Installed Shadowline Trim. 3/27/09 Added Matte Black Kidney Grilles from Trinity. 4/03/09 Installed Bimmian Shadow Matte Black 530i Badges. 4/04/09 Installed LED license plate lights from Trinity. 5/01/09 Installed Brabus Interior LED Kit and White Angel Eyes. 5/02/09 Put in Brabus 6K Fogs. 5/14/09 Removed charcoal filter. 5/15/09 Installed light smoke LED side marker lamps from Trinity. 5/21/09 Sprint Booster. 6/12/09 Painted exhaust tips flat black. 6/13/09 Pulled red Cal Covers and painted calipers low gloss black. 6/27/09 RPI Ram Air Scoop from Trinity. 8/15/09 Installed Brabus's silver invisibulbs front and rear. 9/24/09 Installed R-Dash license plate LEDs from Brabaus (John).
What you are describing is not inflation.
01-08-2010, 09:03 AM
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My Ride: 2008 550iReno, NV
Model Year: 2008
Inflation, or deflation, is always occurring. Not just in the US or Russia, everywhere. The easiest way to find the most current inflation for your country or city is to look at your Consumer Price Index (CPI). On average inflation in the US runs about 3% per year. This means that something that costs $1.00 on Jan 1st year X, would cost $1.03 on Jan 1st year X+1.
That being said I think what you are asking is could the US see ?Runaway Inflation? in the near future, where instead of it being 3% over a year, we see 3,000% in a month or shorter period of time. This of course could happen; however, it is very unlikely. I (Just my opinion) expect to see double digit inflation over the next few years. I do not attribute this to the current economic policies, but a combination of all the policies over the past 10 to 12 years.
Now with that being said, where would I put my money right now? I would put into areas that are very short term, 6 month CD?s extra. Then when the interstate rate goes up to 10 or so percent, move all your money into long term CD?s.
Just my 2 cents...
That being said I think what you are asking is could the US see ?Runaway Inflation? in the near future, where instead of it being 3% over a year, we see 3,000% in a month or shorter period of time. This of course could happen; however, it is very unlikely. I (Just my opinion) expect to see double digit inflation over the next few years. I do not attribute this to the current economic policies, but a combination of all the policies over the past 10 to 12 years.
Now with that being said, where would I put my money right now? I would put into areas that are very short term, 6 month CD?s extra. Then when the interstate rate goes up to 10 or so percent, move all your money into long term CD?s.
Just my 2 cents...
01-08-2010, 10:55 AM
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You sound like a victim of a government education. This is not to be critical of you but rather our system that intentionally, by design, educates people to be subjects ? myrmidons.
You really need to listen but pay little credence to remarks like your friend murmured.
I would suggest you quickly get involved in some educational efforts regarding simple economics, saving and investing, and general money management.
IMO, we are heading for inflationary times. Governments simply cannot spend money it does not have (and can no longer borrow) unless they devalue their currency.
sixcard
You really need to listen but pay little credence to remarks like your friend murmured.
I would suggest you quickly get involved in some educational efforts regarding simple economics, saving and investing, and general money management.
IMO, we are heading for inflationary times. Governments simply cannot spend money it does not have (and can no longer borrow) unless they devalue their currency.
sixcard
01-08-2010, 12:32 PM
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My Ride: 2007 530i. Purchased 6/28/07. Titanium Silver Metallic, Black Dakota Leather, Dark Poplar Trim, Steptronic, Premium Package, Cold Weather Package, Bluetooth, Adaptive Control Xenons. 10/30/07 Added OEM 124s with 245/40/18 & 275/35/18 Michelin Pilot Sport A/S tires. Installed red Cal Covers� from BavAuto. 11/21/07 Added OEM all-weather floor mats (for winter, carpet in summer) and coat rack. 6/26/08 installed M5-style rear spoiler. 6/30/08 put on red reflectors. 8/22/08 Euro turn signal stickers applied. 3/20/09 Installed Shadowline Trim. 3/27/09 Added Matte Black Kidney Grilles from Trinity. 4/03/09 Installed Bimmian Shadow Matte Black 530i Badges. 4/04/09 Installed LED license plate lights from Trinity. 5/01/09 Installed Brabus Interior LED Kit and White Angel Eyes. 5/02/09 Put in Brabus 6K Fogs. 5/14/09 Removed charcoal filter. 5/15/09 Installed light smoke LED side marker lamps from Trinity. 5/21/09 Sprint Booster. 6/12/09 Painted exhaust tips flat black. 6/13/09 Pulled red Cal Covers and painted calipers low gloss black. 6/27/09 RPI Ram Air Scoop from Trinity. 8/15/09 Installed Brabus's silver invisibulbs front and rear. 9/24/09 Installed R-Dash license plate LEDs from Brabaus (John).
Originally Posted by Krozi' post='1086745' date='Jan 8 2010, 02:11 PM
This thread better not head into the direction I think it's going....
01-08-2010, 01:00 PM
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Capitalism and our monetary system as a whole was designed to eventually fail, it's only a matter of time till a one world currency... And no I am not a conspiracy theorist it's a fact
I just hope I'm alive to see total anarchy
I don't have any info in front of me but I read Americas economy will experience total collapse when our national debt exceeds are ability to ever pay it back. They had a date I can't remember but at the current rate it was like 2025 the same year Caucasians will become the minority haha
it's a factI just hope I'm alive to see total anarchy
I don't have any info in front of me but I read Americas economy will experience total collapse when our national debt exceeds are ability to ever pay it back. They had a date I can't remember but at the current rate it was like 2025 the same year Caucasians will become the minority haha
01-08-2010, 03:10 PM
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Originally Posted by skelevirus' post='1086810' date='Jan 8 2010, 05:00 PM
Capitalism and our monetary system as a whole was designed to eventually fail, it's only a matter of time till a one world currency... And no I am not a conspiracy theorist it's a fact
it's a fact
01-08-2010, 03:46 PM
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My Ride: 2007 530i. Purchased 6/28/07. Titanium Silver Metallic, Black Dakota Leather, Dark Poplar Trim, Steptronic, Premium Package, Cold Weather Package, Bluetooth, Adaptive Control Xenons. 10/30/07 Added OEM 124s with 245/40/18 & 275/35/18 Michelin Pilot Sport A/S tires. Installed red Cal Covers� from BavAuto. 11/21/07 Added OEM all-weather floor mats (for winter, carpet in summer) and coat rack. 6/26/08 installed M5-style rear spoiler. 6/30/08 put on red reflectors. 8/22/08 Euro turn signal stickers applied. 3/20/09 Installed Shadowline Trim. 3/27/09 Added Matte Black Kidney Grilles from Trinity. 4/03/09 Installed Bimmian Shadow Matte Black 530i Badges. 4/04/09 Installed LED license plate lights from Trinity. 5/01/09 Installed Brabus Interior LED Kit and White Angel Eyes. 5/02/09 Put in Brabus 6K Fogs. 5/14/09 Removed charcoal filter. 5/15/09 Installed light smoke LED side marker lamps from Trinity. 5/21/09 Sprint Booster. 6/12/09 Painted exhaust tips flat black. 6/13/09 Pulled red Cal Covers and painted calipers low gloss black. 6/27/09 RPI Ram Air Scoop from Trinity. 8/15/09 Installed Brabus's silver invisibulbs front and rear. 9/24/09 Installed R-Dash license plate LEDs from Brabaus (John).
Originally Posted by porsche911targa' post='1086927' date='Jan 8 2010, 06:10 PM
That's why I'm currently stocking up on salt. Salt was the original currency before Christ.
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