Hyperinflation or inflation?

J

jbenko_IHB

New member
What will the costs of the three following items do to our dollar and our economy?



1.) 62 Trillion in Credit Swaps

2.) 44 Trillion - cashing out of Boomer pensions and retirement accounts

3.) 100+ Trillion - costs of paying for US government retirement promises
 
[quote author="blackvault_cm" date=1224068305]What will the costs of the three following items do to our dollar and our economy?



1.) 62 Trillion in Credit Swaps

2.) 44 Trillion - cashing out of Boomer pensions and retirement accounts

3.) 100+ Trillion - costs of paying for US government retirement promises



Small example of this is Ford. It is bankrupting the company because it has to pay billions in pension funds. As a matter of a fact 3K of every car they sell goes to pension promises.



Our government will print and print and print money as they already have. I mean they bailed out F&F which really is 1.4 Trillion worth of credit swaps, and billions more in bailing out other firms.



Not sure what they near term future will bring, but I don't like the feeling of what is to come down the road in my lifetime.</blockquote>




you sure 3k goes to pension? i thought that ford and gm is going down hill because they build cars nobody wants? or maybe it is the union that is causing it?
 
[quote author="jbatzmaru" date=1224071681][quote author="blackvault_cm" date=1224068305]What will the costs of the three following items do to our dollar and our economy?



1.) 62 Trillion in Credit Swaps

2.) 44 Trillion - cashing out of Boomer pensions and retirement accounts

3.) 100+ Trillion - costs of paying for US government retirement promises



Small example of this is Ford. It is bankrupting the company because it has to pay billions in pension funds. As a matter of a fact 3K of every car they sell goes to pension promises.



Our government will print and print and print money as they already have. I mean they bailed out F&F which really is 1.4 Trillion worth of credit swaps, and billions more in bailing out other firms.



Not sure what they near term future will bring, but I don't like the feeling of what is to come down the road in my lifetime.</blockquote>




you sure 3k goes to pension? i thought that ford and gm is going down hill because they build cars nobody wants? or maybe it is the union that is causing it?</blockquote>


GM and Ford are HR Firms (health care and medical) that happen to make cars.



The reason they make cars nobody wants is..........the 3K a car they toss in employee benefits and steal from R&D. A journeyman engeneer with a M.S. makes about $50K. Somebody who starts sweeping the floors makes $60K.



The only way they lasted this long is the margins on pickups and SUVs were huge. Now that they are gone..........Ford and GM are dust.
 
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