Inflation Tsunami Wave Getting Higher
Bill Warner Thursday, March 19, 2009
I can hardly stand to watch the news. All congress seems to be working on is getting back $165M in bonuses to AIG executives that they previously agreed to. Oh, they didn’t read that either in the stuff they have been passing. What a sham. The media and Congress are getting us all worked up about the loose change that got stolen from you while they pick your pockets for your wallet and wealth.
All of this is a well orchestrated diversion from the real problems at hand, so none of us pay attention to the more important things that are happening. They are spending more money that has ever been spent by the US government, nationalizing banks, nationalizing healthcare, passing money onto foreign banks through AIG and most importantly are printing more money than has ever been created in the entire history of the Treasury. Another trillion has just gone to press, further devaluing the dollar in order to hopefully stimulate the economy. Americans are not getting the true picture and I am afraid that most people really do not know what is about to happen to them. I have no crystal ball, but prices of everything will rapidly increase, unemployment will continue to rise, interest rates will go to high double digit levels all spelling rampant inflation. Then, we will need another recession to correct it. Get ready for one heck of a roller coaster ride. One can only hope that the moderate democrats establish a voting block to calm all this wild spending and spend some time managing the actions that already have been taken to see if we get any positive results and establish a process for accountability.
As for business owners and entrepreneurs, this all still means that you have to be incredibly diligent in managing cash and focusing your valuable resources on only those things that will move your business through these tough times. Unfortunately, many more businesses will fail over the next couple of years, but it doesn’t mean we should not get more focused. Do not give up. Eventually, the majority of the public will again realize the need for freedom and a free market economy with little government involvement. Make your voices be load and clear to your government representatives as you manage your way through this economic storm.
Filed Under: Financing a Company, Business Operations, Starting a Business
Bill Warner is the Managing Partner of Paladin and Associates, a business consulting firm in the Research Triangle Park area of central North Carolina, and is the Chairman of the Triangle Accredited Capital Forum, an angel investor network with over one hundred members throughout the southeast.
Bill Warner is the Managing Partner of Paladin and Associates, a business consulting firm in the Research Triangle Park area of central North Carolina, and is the Chairman of the Triangle Accredited Capital Forum, an angel investor network with over one hundred members throughout the southeast.
