Comments on: like money falling from the sky http://www.bripblap.com/2008/like-money-falling-from-the-sky/ wealth, work and life success Sat, 13 Mar 2010 06:02:31 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Claus http://www.bripblap.com/2008/like-money-falling-from-the-sky/comment-page-1/#comment-8088 Claus Fri, 18 Jan 2008 18:43:50 +0000 http://www.bripblap.com/2008/like-money-falling-from-the-sky/#comment-8088 I grew up in West Germany in the belief that everything was set and would stay as it is. One of our older teachers, I think he was our sociology teacher, once asked me after classes how I thought about reuunification of Germany. This question seemed absurd to me. The iron curtain had gone up long before I was born and to me chances anything would change that balance of powers seemed so slim that it wasn't even worth thinking about it. But to the teacher in hins mindset - all this years - it was a temporary situation that he surely felt would at some time change back to a unified Germany. That was the early 1980th. We all know what happened in the end of the 80th. BTW: The same year you were exchange student in Germany I spend a year as exchange student in the US Claus http://www.wiseclerk.com I grew up in West Germany in the belief that everything was set and would stay as it is. One of our older teachers, I think he was our sociology teacher, once asked me after classes how I thought about reuunification of Germany. This question seemed absurd to me. The iron curtain had gone up long before I was born and to me chances anything would change that balance of powers seemed so slim that it wasn’t even worth thinking about it. But to the teacher in hins mindset – all this years – it was a temporary situation that he surely felt would at some time change back to a unified Germany.
That was the early 1980th.

We all know what happened in the end of the 80th.

BTW: The same year you were exchange student in Germany I spend a year as exchange student in the US

Claus
http://www.wiseclerk.com

]]> By: Personal Loan Portfolio http://www.bripblap.com/2008/like-money-falling-from-the-sky/comment-page-1/#comment-8085 Personal Loan Portfolio Fri, 18 Jan 2008 18:20:12 +0000 http://www.bripblap.com/2008/like-money-falling-from-the-sky/#comment-8085 MBB: <i>"There is some serious inflationary concerns in the US economy at the moment."</i> That is why Bernake's recent comments about pumping money into the system worry me. Sure it boosts the economy but it also increases the money supply causing more inflation. The standard salary increase at my work is 4.5% this year, but I recently read that inflation is 6% (only one article so I am not sure if this is correct). Plus, my health care premiums went up by 23%* and my out of pocket expenses went up by $5 for prescriptions and doctor visits. Steve, it is impossible to not live in Russia long and it not make you cynical. I also completely agree with your statement: "Americans assume - probably like Soviets, Ottomans, Romans, etc. - that the good times will roll forever. I hope they will but know they won’t…" It always happens. * Last year was the first year they offered the plan that I am on and I believe that they had it under priced, so I am not as upset as you might imagine at that increase. MBB: “There is some serious inflationary concerns in the US economy at the moment.”

That is why Bernake’s recent comments about pumping money into the system worry me. Sure it boosts the economy but it also increases the money supply causing more inflation.

The standard salary increase at my work is 4.5% this year, but I recently read that inflation is 6% (only one article so I am not sure if this is correct). Plus, my health care premiums went up by 23%* and my out of pocket expenses went up by $5 for prescriptions and doctor visits.

Steve, it is impossible to not live in Russia long and it not make you cynical. I also completely agree with your statement: “Americans assume – probably like Soviets, Ottomans, Romans, etc. – that the good times will roll forever. I hope they will but know they won’t…” It always happens.

* Last year was the first year they offered the plan that I am on and I believe that they had it under priced, so I am not as upset as you might imagine at that increase.

]]> By: Steve (Brip Blap) http://www.bripblap.com/2008/like-money-falling-from-the-sky/comment-page-1/#comment-8022 Steve (Brip Blap) Fri, 18 Jan 2008 02:35:17 +0000 http://www.bripblap.com/2008/like-money-falling-from-the-sky/#comment-8022 Thanks all, for the comments. There are certainly a million possible scary scenarios out there for how it could go down, and I'm enough of a rosy-colored glasses patriot to think it won't happen that way here. At the same time, I have a cynical view from my own experience in Russia - as LOD mentions - and from Bubelah's experience growing up in the waning days of the Soviet Union. Things fall apart rapidly when they start falling apart, sometimes. Americans assume - probably like Soviets, Ottomans, Romans, etc. - that the good times will roll forever. I hope they will but know they won't... Thanks all, for the comments. There are certainly a million possible scary scenarios out there for how it could go down, and I’m enough of a rosy-colored glasses patriot to think it won’t happen that way here. At the same time, I have a cynical view from my own experience in Russia – as LOD mentions – and from Bubelah’s experience growing up in the waning days of the Soviet Union. Things fall apart rapidly when they start falling apart, sometimes. Americans assume – probably like Soviets, Ottomans, Romans, etc. – that the good times will roll forever. I hope they will but know they won’t…

]]> By: Living Off Dividends http://www.bripblap.com/2008/like-money-falling-from-the-sky/comment-page-1/#comment-8002 Living Off Dividends Thu, 17 Jan 2008 20:45:28 +0000 http://www.bripblap.com/2008/like-money-falling-from-the-sky/#comment-8002 the same thing happened in Zimbabwe in 2006. they kept printing more and more ZDollars which led to hyperinflation. check out Ron Paul's video as he berates Bernanke for pursuing the same "monetary policies" the same thing happened in Zimbabwe in 2006.

they kept printing more and more ZDollars which led to hyperinflation.

check out Ron Paul’s video as he berates Bernanke for pursuing the same “monetary policies”

]]> By: Wealth Building Lessons http://www.bripblap.com/2008/like-money-falling-from-the-sky/comment-page-1/#comment-8001 Wealth Building Lessons Thu, 17 Jan 2008 20:42:49 +0000 http://www.bripblap.com/2008/like-money-falling-from-the-sky/#comment-8001 I think its a possible scenario. not on the same scale, but possible nonetheless. http://www.wealthbuildinglessons.com/2007/05/09/profiting-from-inflation-and-the-dollar-devaluation/ I think its a possible scenario. not on the same scale, but possible nonetheless.

http://www.wealthbuildinglessons.com/2007/05/09/profiting-from-inflation-and-the-dollar-devaluation/

]]> By: boomie http://www.bripblap.com/2008/like-money-falling-from-the-sky/comment-page-1/#comment-7993 boomie Thu, 17 Jan 2008 19:27:55 +0000 http://www.bripblap.com/2008/like-money-falling-from-the-sky/#comment-7993 We don't have to wait for another attack. We are imploding from within. Our banks are totting tin cups and are going around the world begging for cash, otherwise they'll go under. Our own massive use of unsustainable debt and credit will be our own demise. Excellent post. Thanks for writing it. We don’t have to wait for another attack. We are imploding from within. Our banks are totting tin cups and are going around the world begging for cash, otherwise they’ll go under. Our own massive use of unsustainable debt and credit will be our own demise.

Excellent post. Thanks for writing it.

]]> By: Money Blue Book http://www.bripblap.com/2008/like-money-falling-from-the-sky/comment-page-1/#comment-7990 Money Blue Book Thu, 17 Jan 2008 19:18:23 +0000 http://www.bripblap.com/2008/like-money-falling-from-the-sky/#comment-7990 There is some serious inflationary concerns in the US economy at the moment. There is some talk that the Fed should stop dropping interest rates and just let the economy bleed itself out to stop the upward pressure of core prices. Scary stuff There is some serious inflationary concerns in the US economy at the moment. There is some talk that the Fed should stop dropping interest rates and just let the economy bleed itself out to stop the upward pressure of core prices. Scary stuff

]]> By: SavingDiva http://www.bripblap.com/2008/like-money-falling-from-the-sky/comment-page-1/#comment-7985 SavingDiva Thu, 17 Jan 2008 16:36:09 +0000 http://www.bripblap.com/2008/like-money-falling-from-the-sky/#comment-7985 Hyperinflation is scary...I frequently worry about inflation....with the federal reserve and banks lowering interest...my savings accounts may not be the best place for my savings... Hyperinflation is scary…I frequently worry about inflation….with the federal reserve and banks lowering interest…my savings accounts may not be the best place for my savings…

]]> By: FourPillars http://www.bripblap.com/2008/like-money-falling-from-the-sky/comment-page-1/#comment-7984 FourPillars Thu, 17 Jan 2008 16:14:30 +0000 http://www.bripblap.com/2008/like-money-falling-from-the-sky/#comment-7984 Interesting post - I knew I had read your "coin" story somewhere else, but I couldn't figure out where. :) Mike Interesting post – I knew I had read your “coin” story somewhere else, but I couldn’t figure out where. :)

Mike

]]> By: deepali http://www.bripblap.com/2008/like-money-falling-from-the-sky/comment-page-1/#comment-7982 deepali Thu, 17 Jan 2008 15:33:44 +0000 http://www.bripblap.com/2008/like-money-falling-from-the-sky/#comment-7982 Funny enough, we were talking about the fall of the Russian empire today - how at the end, they were embroiled in foreign wars, had gone in debt, etc. Funny enough, we were talking about the fall of the Russian empire today – how at the end, they were embroiled in foreign wars, had gone in debt, etc.

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