Comments on: Effects of Inflation http://www.christianpf.com/effects-of-inflation/ Christian Personal Finance - Financial help blog, debt help and other financial resources Sun, 21 Mar 2010 00:38:24 -0500 hourly 1 By: Neeraj. http://www.christianpf.com/effects-of-inflation/comment-page-1/#comment-7440 Neeraj. Mon, 27 Oct 2008 04:17:40 +0000 http://www.christianpf.com/effects-of-inflation/#comment-7440 Its very simple explanation....Wanna typical side of it??? Its very simple explanation….Wanna typical side of it???

]]> By: bob http://www.christianpf.com/effects-of-inflation/comment-page-1/#comment-4129 bob Thu, 29 May 2008 17:15:32 +0000 http://www.christianpf.com/effects-of-inflation/#comment-4129 @tristan Good, I am going to have to check that video out - I would like to find out more about the FED's role in all of this... @tristan
Good, I am going to have to check that video out – I would like to find out more about the FED’s role in all of this…

]]> By: Tristan http://www.christianpf.com/effects-of-inflation/comment-page-1/#comment-4087 Tristan Fri, 23 May 2008 17:52:00 +0000 http://www.christianpf.com/effects-of-inflation/#comment-4087 Well, I wasn't going to post that here, but since you asked... :) For those of you who don't know much about the Federal Reserve/IRS/Income Tax, there's a great documentary out there called "America: Freedom to Fascism." The title may sound a bit abrasive, but I believe the content is very revealing about the purpose of the Fed/IRS. After watching this documentary and doing some research on my own, I became convinced that Federal Reserve and the IRS should be abolished. Our founding fathers would agree. The DVD is available at NetFlix and other place's like Blockbuster, but you can watch it for free (somewhat low visual quality) on Google Video here: http://video.google.com/videoplay?docid=-1656880303867390173 I urge everyone to watch this documentary and research the facts. Please, no hating until you've done your research! Ok, enough from me. It's not my intention to detract from the thread. Carry on! :) Well, I wasn’t going to post that here, but since you asked… :)

For those of you who don’t know much about the Federal Reserve/IRS/Income Tax, there’s a great documentary out there called “America: Freedom to Fascism.” The title may sound a bit abrasive, but I believe the content is very revealing about the purpose of the Fed/IRS. After watching this documentary and doing some research on my own, I became convinced that Federal Reserve and the IRS should be abolished. Our founding fathers would agree.

The DVD is available at NetFlix and other place’s like Blockbuster, but you can watch it for free (somewhat low visual quality) on Google Video here: http://video.google.com/videoplay?docid=-1656880303867390173

I urge everyone to watch this documentary and research the facts. Please, no hating until you’ve done your research!

Ok, enough from me. It’s not my intention to detract from the thread. Carry on! :)

]]> By: bob http://www.christianpf.com/effects-of-inflation/comment-page-1/#comment-4084 bob Fri, 23 May 2008 17:15:36 +0000 http://www.christianpf.com/effects-of-inflation/#comment-4084 @Tristan thanks for sharing, where can people watch that video about the Fed if they are interested? @Tristan
thanks for sharing, where can people watch that video about the Fed if they are interested?

]]> By: Tristan http://www.christianpf.com/effects-of-inflation/comment-page-1/#comment-4080 Tristan Fri, 23 May 2008 13:29:02 +0000 http://www.christianpf.com/effects-of-inflation/#comment-4080 Ah, yes...the effects of inflation. Since the inception of the Federal Reserve in 1913 the value of our dollar has decreased significantly. A dollar today is worth about 4 cents compared to a pre-1913 dollar. Before the creation of the Fed, our dollar incurred virtually no inflation (except a short stint during the civil war, but it went back to normal). When the Fed cuts the key rate (as we've seen a lot of lately), they essentially flood the market with money. The more money they pump out, the higher inflation goes...the less your money is worth. Unfortunately, that's what happens when you have a fiat currency -- where the money is backed by nothing (not gold, silver, etc.) but speculation and the word of the Federal Reserve. Ah, yes…the effects of inflation. Since the inception of the Federal Reserve in 1913 the value of our dollar has decreased significantly. A dollar today is worth about 4 cents compared to a pre-1913 dollar. Before the creation of the Fed, our dollar incurred virtually no inflation (except a short stint during the civil war, but it went back to normal).

When the Fed cuts the key rate (as we’ve seen a lot of lately), they essentially flood the market with money. The more money they pump out, the higher inflation goes…the less your money is worth. Unfortunately, that’s what happens when you have a fiat currency — where the money is backed by nothing (not gold, silver, etc.) but speculation and the word of the Federal Reserve.

]]> By: bob http://www.christianpf.com/effects-of-inflation/comment-page-1/#comment-4075 bob Thu, 22 May 2008 19:53:16 +0000 http://www.christianpf.com/effects-of-inflation/#comment-4075 @Savings good point about the teaser rates @Savings
good point about the teaser rates

]]> By: Savings Rates http://www.christianpf.com/effects-of-inflation/comment-page-1/#comment-4072 Savings Rates Thu, 22 May 2008 13:33:14 +0000 http://www.christianpf.com/effects-of-inflation/#comment-4072 Excelllent post. Finding the 4% savings rate is the problem. Alliant CU has one (4.00%) and so does AARP (4.75%). The AARP is done through a custodian account held at Huntington NB, I believe. I would provide the links, but many comment sections don't allow that. The other thing to keep mind is that some places offer above market teaser rates and a few months down the road, drop the rate. So value of your time is also important to consider. If you get a 4% today, but 60-days from now it goes to 3%, you have to spend time searching again and transferring your funds. Sometimes that time could be spent on little ventures that also earn you extra funds. Excelllent post.

Finding the 4% savings rate is the problem. Alliant CU has one (4.00%) and so does AARP (4.75%). The AARP is done through a custodian account held at Huntington NB, I believe. I would provide the links, but many comment sections don’t allow that.

The other thing to keep mind is that some places offer above market teaser rates and a few months down the road, drop the rate. So value of your time is also important to consider. If you get a 4% today, but 60-days from now it goes to 3%, you have to spend time searching again and transferring your funds.

Sometimes that time could be spent on little ventures that also earn you extra funds.

]]> By: Rachel @ Master Your Card http://www.christianpf.com/effects-of-inflation/comment-page-1/#comment-4068 Rachel @ Master Your Card Thu, 22 May 2008 12:15:18 +0000 http://www.christianpf.com/effects-of-inflation/#comment-4068 I think most of the time people do not notice inflation that much as it rises quite slowly. I think because of the large increase in fuel, it has had a knock on effect for everyone and we are really noticing it at the moment. It is a good thing in the sense that it is teaching people how to be more frugal, which is always a useful skill to have. I think most of the time people do not notice inflation that much as it rises quite slowly. I think because of the large increase in fuel, it has had a knock on effect for everyone and we are really noticing it at the moment. It is a good thing in the sense that it is teaching people how to be more frugal, which is always a useful skill to have.

]]>