President Obama’s plan is to give tax relief to the middle class to the extent that they have no stake in the tax code and so they will be willing to vote the Democrats into power forever under the guise of “making the rich pay their fair share”. On top of the thousands of dollars of debt we owe already, another trillion is about to be added to this amount. Likely this printing of money will simply create another massive problem – inflation.
We have plenty of real life examples of how inflation destroys an economy, Zimbabwe has had 231 million per cent inflation! Here’s how people survive that… the lessons might be handy one day.
You’ll want to read this article at The Insider.
Notice how one was issued a monthly check in a form of “Social Security”… at one time it became so worthless it wasn’t worth the effort to pick up and cashed!
Obviously some don’t want to explain how they are managing to survive likely because it involves some illegal transactions (illegal under the current regime, not necessarily immoral).
One person says she spends most of her time wondering where to buy food to eat.
Others are refusing to work unless they can be paid in a foreign currency that’s not worthless.
The ones making money are the ones with a commodity to trade.
Jo on February 2nd, 2009 at 2:59 pm
My heart bleeds for the people of Zimbabwe. The suffering and hopelessness is beyond comprehension. What is happening there, is a catastrophe of major proportions. We have to unite in prayer for swift intervention to end the rule of their insane leader.