The Truth About Inflation

Wow. This is a very important video and the key to understanding what is coming our way. Nobody is talking intelligently about inflation right now except Ron Paul and Glenn Beck. Everybody in the country needs to see this video. Our government is trying to hide this information from us! (Plus, those who have seen Al Gore's "Inconvenient Truth" will get a chuckle out of this)

Nasty Day

This winter has been very, very annoying. Rather than getting a few nice snows, we have instead this season gotten snow/sleet/ice mixes every time! It is just enough snow to make me feel too guilty to skip work and yet enough to make it sometimes extremely hard to get around... ugh.

We got another "wintery mix" last night and it is continuing today. Hannah wanted me to stay home, but Dan (who I was carpooling with today) asked what I wanted to do and I said we should go. I know he did not want to go (and his wife did not want him to either) but I am glad we decided to. I would not have been able to make it with my two wheel drive car.

I can not afford to use a vacation day and I can not afford to take an unpaid day off.

So here I am at work, looking out at the snow/sleet coming down... funfun. I wish I was home. I miss my Joys... but at the same time, I am glad I am here.

Monetary Inflation

What is monetary inflation? It is the "inflating" of the money supply through printing new money. So what is happening right now in our country? Well, companies are hurting and laying off workers, cutting down stock, and dropping prices shockingly low (80% off regular prices!) to try and get what they have out of their doors. And what is the government doing? Well, they do not want these companies to lose money, so they are printing money and pumping it into the country so there is more money to go around and save these businesses. This is good, isn't it? Nope. With businesses dropping production and yet tons more money being printed we are going to end up with too much money chasing too few goods. The basic laws of supply and demand come into play here and prices start going up. When waaaaay too much money is printed and the prices go waaaaaay up it is called hyper-inflation. This is what we saw in Germany after World War I where their money became so devalued that it became totally worthless. So, you think, "Our country would not be that dumb! They wouldn't possibly do something that would lead to a situation like that!" But unfortunately it looks like they actually are that dumb, because look at this graph of the amount of money that has been printed recently: