Simple question about China

[Bob]

When Carter started his presidency he inflated the money supply by 13% for two years – later to his credit he appointed Paul Volcker who raised interest rates dramatically (didn’t it spike over 20%) to address significant inflation – I think it got as high as 18% (based on a Time magazine that I read from that time – I think it was about 1980)

So as we have increased our money supply by 120% in 12 months – when that money finally hits, we have much higher inflation – what will China do, and the rest of the world? It is logical that they would be upset, and use the moment to their advantage -- but not sure how.

I am past caring that much (on most days) about who caused it -- I dont have power to address those macro issues -- but wonder if we can have an honest conversation about the next few shoes to drop so to speak.

[mhgaffney]

You fail to mention that the economic problems Carter inherited -- started in the 1960s.

The US president LBJ pursued a major war -- Viet Nam -- while trying to deliver the Great Society - expanded social programs.

But you can't have BOTH guns and butter. The result was HUGE debt -- which forced NIxon to abandon the gold standard - and we've had fiat money ever since. Nothing backing up the US greenback.

Carter did not cause these problems. He inherited them.

And now history is repeating because clowns like you refuse to learn from the past.

[mhgaffney]

I should add that Carter gets credit for the Camp David Peace agreement between Israel and Egypt in 1977.

Those talks failed to solve the Palestinian issue -- because it was split off from the Israel-Egypt talks. At the time M Begin promised to continue a parallel peace process with the Palestinians.

But Begin lied to Carter. No sooner was the ink dry in the peace deal with Egypt than Begin began to attack Lebanon. Once Begin secured his southern border with Egypt -- he felt free to wage war against the PLO in the north.

I've learned this hard lesson. Zionists will look you in the eye and lie to your face. But most Americans still do not understand this.

Now of course -- as Israeli peace activist Gideon Levy stated in a recent article which I posted on a separate thread -- things have changed greatly. If Anwar Sadat were alive today -- and went to Israel to deliver a peace address -- he would be jeered off the stage. Israel has moved far to the right.

The Israelis do not want peace. Their goal is hegemony.

[Rohirrim]

Here's what I want to know about China: Where can I find some good dim sum around here?

[Garcia Bronco]

I should add that Carter gets credit for the Camp David Peace agreement between Israel and Egypt in 1977.

Those talks failed to solve the Palestinian issue -- because it was split off from the Israel-Egypt talks. At the time M Begin promised to continue a parallel peace process with the Palestinians.

But Begin lied to Carter. No sooner was the ink dry in the peace deal with Egypt than Begin began to attack Lebanon. Once Begin secured his southern border with Egypt -- he felt free to wage war against the PLO in the north.

I've learned this hard lesson. Zionists will look you in the eye and lie to your face. But most Americans still do not understand this.

Now of course -- as Israeli peace activist Gideon Levy stated in a recent article which I posted on a separate thread -- things have changed greatly. If Anwar Sadat were alive today -- and went to Israel to deliver a peace address -- he would be jeered off the stage. Israel has moved far to the right.

The Israelis do not want peace. Their goal is hegemony.

That's why I support whatever happens. If the Isrealis want to remove Palestine or vice versa and one is succesful then the problem goes away

[ak1971]

Here's what I want to know about China: Where can I find some good dim sum around here?

Tsingtao beer is pretty good...oh yeah Im pretty sure the Jews are to blame.

[Bob]

You fail to mention that the economic problems Carter inherited -- started in the 1960s.

The US president LBJ pursued a major war -- Viet Nam -- while trying to deliver the Great Society - expanded social programs.

But you can't have BOTH guns and butter. The result was HUGE debt -- which forced NIxon to abandon the gold standard - and we've had fiat money ever since. Nothing backing up the US greenback.

Carter did not cause these problems. He inherited them.

And now history is repeating because clowns like you refuse to learn from the past.

I'm not Jewish so why the hate?

This post was not really a slam on Carter -- he did inherit problems -- like all presidents do, the fiscal policy from what I understand was loose before him, he did continue to inflate the money supply for a couple years, and then he did the right thing in appointing someone to deal with it. If we had that much pain to deal with a 13% x2 expansion, obviously 120% in one year will cause greater problems.
I am attempting to see if folks can have a conversation that goes beyond aurguing about how the chairs on the Titanic are positioned -- its not all Obama and not all Bush -- put that aside, what comes next in terms of the world's response.

[ak1971]

I'm not Jewish so why the hate?

This post was not really a slam on Carter -- he did inherit problems -- like all presidents do, the fiscal policy from what I understand was loose before him, he did continue to inflate the money supply for a couple years, and then he did the right thing in appointing someone to deal with it. If we had that much pain to deal with a 13% x2 expansion, obviously 120% in one year will cause greater problems.
I am attempting to see if folks can have a conversation that goes beyond aurguing about how the chairs on the Titanic are positioned -- its not all Obama and not all Bush -- put that aside, what comes next in terms of the world's response.

everything is the Jew's fault in 'der Trottel's' mind

[Seamus]

Paul Volker's comments:
http://blogs.wsj.com/economics/2009/03/24/volcker-china-chose-to-buy-dollars/

mhgaffney, Look at the gold standard again, start with the "Gold Reserve Act of 1934". http://www.enotes.com/major-acts-congress/gold-reserve-act