Lawn Care Business Forum Lawn Care Business Book Lawn Care Business Blog Lawn Care Software
Home Forum Contract & Flyer Templates Blog Software Videos Podcast Calculators / Estimators Store Mower Review Design It Yourself Lawn Business School

Go Back   GopherHaul Landscaping & Lawn Care Business Marketing Forum > Lawn Care, Landscaping, and Property Management Forums > General Talk

General Talk If it doesn't fit anywhere else, post it here.

$3.8 trillion budget


General Talk

If it doesn't fit anywhere else, post it here.
Reply
 
Thread Tools Search this Thread
  #11  
Old 02-03-2010, 01:51 PM
SuperiorPower
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Steve View Post
Will inflation ultimately be the answer? If the government keeps printing money, the value of it is less and therefor the debt is less?

Do you think this will be the way it goes?
No. I think and absolutely believe the more money we print, the more we will have to pay. Consider this. You buy a house for $150,000 and then they print a lot of money. The dollar value goes down to half of what it was before. On the Gold standard, before the money was printed, you house was worth XX amount of ounces of gold. Now it is still worth XX amount of gold. But in cash, your house is now worth $300,000. At least this is the way I understand it.

I have heard say that gold and oil stay the same relative value when compared to each other. They may fluctuate slightly, but stays relatively the same, no matter what currency does. Example: when Gold was about $1,000 per ounce oil was about $100 per barrel. I was told they generally stay like that, about 10 to 1.

Inflation is simply (at least the way I understand it) that we say things are worth more and more and more. Essentially what we are doing is making the dollar worth less. If my house was worth $100,000 4 years ago, but now sells for $125,000, despite me making no improvements to quality or curb appeal, it is simply due to the inflation. Bottom line is, I have not increased my homes quality or physical worth, but it sells for more. Where is the difference? The dollar is now worth less than 4 years ago. Though in reality, 4 years ago when I bought my house, it was likely worth more than it is now, but that is simply due to the economy. So physical property values and the gold standard do not completely adhere to each other.

Any thoughts or clarification anyone? I am not sure I understand this correctly.
Reply With Quote

Stop guess-timating. Learn how to estimate and make money! $$$
Mow Time Estimator Lawn Care Price Estimator Mulch and Topsoil Calculator Snow Plow Estimate Calculator


  #12  
Old 02-03-2010, 02:08 PM
swstout's Avatar
swstout swstout is offline
Steve
 
Join Date: Jan 2009
Location: Canastota, NY
Age: 67
Posts: 1,082
Rep Power: 9
swstout is on a distinguished road
Default I think it's worse

Lawn care business tipsLawn Care Business Book
I think it is worse than that! According to the CBO (Congressional Budget Office), under the current budget $0.42 of every $1.00 spend by government is either borrowed or printed. This is a double hit to the economy. We are borrowing money with the prospect of repaying it with a diminished dollar.

If the new budget is passed, that means that almost $1.6 trillion will be either borrowed or printed! Incidentally, that is almost 2X the oft reported Bush Deficit Obama was supposedly saddled with.

Steve
__________________


Reply With Quote
  #13  
Old 02-06-2010, 04:00 AM
SuperiorPower
Guest
 
Posts: n/a
Default

Ok, so if I understand what you are saying this is what happens: we borrow $1.6 trillion, but if the dollar is worth only $0.50 on the $1 (of its current value) when we go to repay, we would actually have to repay $3.2 trillion?
Reply With Quote
  #14  
Old 02-06-2010, 09:41 AM
swstout's Avatar
swstout swstout is offline
Steve
 
Join Date: Jan 2009
Location: Canastota, NY
Age: 67
Posts: 1,082
Rep Power: 9
swstout is on a distinguished road
Default Without inflation

Quote:
Originally Posted by SuperiorPower View Post
Ok, so if I understand what you are saying this is what happens: we borrow $1.6 trillion, but if the dollar is worth only $0.50 on the $1 (of its current value) when we go to repay, we would actually have to repay $3.2 trillion?
$3.2 trillion if we don't have inflation and, many economists are predicting Super Infaltion.

Steve
__________________


Reply With Quote
  #15  
Old 02-07-2010, 04:18 AM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 37,948
Rep Power: 10
Steve has disabled reputation
Default

Quote:
many economists are predicting Super Infaltion
What causes Super Inflation and what are the results of it?
__________________
- Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
Download your Free trial of Gopher Lawn Care Software.
Reply With Quote
  #16  
Old 02-07-2010, 05:39 AM
swstout's Avatar
swstout swstout is offline
Steve
 
Join Date: Jan 2009
Location: Canastota, NY
Age: 67
Posts: 1,082
Rep Power: 9
swstout is on a distinguished road
Default Super or Hyper Inflation

[quote=Steve;64327]What causes Super Inflation and what are the results of it?[/quote]

Inflation is a sustained increase in the aggregate price level. Superinflation or hyperinflation is very high inflation.

Although the threshold is arbitrary, economists generally reserve the term to describe episodes when the monthly inflation rate is greater than 50 percent. At a monthly rate of 50 percent, an item that cost $1 on January 1 would cost $130 on January 1 of the following year.
 
What Causes Hyper Inflation

Usually, countries with hyper inflation have the following features

Large government debt, usually over 100% of GDP

Printing Money. To cope with meeting the debt, the government starts printing money. This decreases the value of existing money creating a multiplier effect where people lose confidence in money and keep demanding wage increases.
 
Reluctance / inability to deal with it. When Germany experienced hyperinflation in the 1920s it was not a phenomena they fully appreciated or understood. Their primary fear at the time was unemployment. They feared that unemployment could precipitate a Communist Revolution so they didn't want to do anything to reduce demand and possibly cause a recession.

Steve

__________________


Reply With Quote
  #17  
Old 02-08-2010, 03:35 AM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 37,948
Rep Power: 10
Steve has disabled reputation
Default

Quote:
When Germany experienced hyperinflation in the 1920s it was not a phenomena they fully appreciated or understood. Their primary fear at the time was unemployment. They feared that unemployment could precipitate a Communist Revolution so they didn't want to do anything to reduce demand and possibly cause a recession.
That is certainly interesting. And then look where it led!
__________________
- Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
Download your Free trial of Gopher Lawn Care Software.
Reply With Quote
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
$50 budget a month tiedeman Lawn Maintenance / Lawn Renovation 9 03-08-2007 10:33 PM
Customer with budget problems tiedeman Show Off - Picture Post - Photo Gallery 5 02-25-2007 04:09 PM

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
Is it too late?
Cpadgett
Yesterday 09:10 AM
Yesterday 08:27 PM
by Chilehead
1 34
Firefighter gone Lawn...
Firehouselawn@hotmail.com
03-10-2016 04:50 PM
05-27-2016 08:17 PM
by J.A.S.LawnService
7 9,670
help with sole...
greenbuds
03-24-2016 12:21 PM
05-27-2016 12:20 PM
by Wolf4dk
3 9,409
Whats up??
Cpadgett
05-27-2016 10:57 AM
05-27-2016 10:57 AM
by Cpadgett
0 21
To mow weekly or Biweekly
WarriorLandscapingCAN
05-11-2016 04:09 PM
05-26-2016 04:45 PM
by lawngawd7
9 330
Help a Brother Out -...
Hedgemaster
01-23-2012 04:19 PM
05-26-2016 04:34 PM
by Crossett73
91 33,714
Hello from Alabama
pruzilla
05-25-2016 01:20 PM
05-26-2016 08:14 AM
by pruzilla
2 57
Hello from Centreville!
Daveylawns
05-23-2016 09:04 AM
05-24-2016 04:08 PM
by Steve
1 73
Laying new grass, Sod...
WarriorLandscapingCAN
05-23-2016 10:07 AM
05-23-2016 08:41 PM
by Steve
1 62
I need some aeration...
rootytalbot
08-14-2015 12:32 PM
05-23-2016 09:06 AM
by Daveylawns
10 3,778
Prolin
rmccutchan
05-21-2016 04:53 PM
05-21-2016 06:36 PM
by rmccutchan
2 79
Upgraded to a new mower
Stevenor92
05-17-2016 08:17 PM
05-20-2016 07:08 PM
by Stevenor92
8 211
Intro
LaraRahmani
05-18-2016 02:54 PM
05-19-2016 02:43 PM
by Steve
2 116
Best Push Mower You Have...
markty
05-14-2016 03:46 PM
05-18-2016 07:34 PM
by Stevenor92
4 192
New mower!!!!
Stevenor92
05-18-2016 03:46 AM
05-18-2016 06:39 PM
by Stevenor92
2 120
Say Hello !!!
Steve
03-19-2007 11:18 AM
05-18-2016 02:59 PM
by LaraRahmani
1,249 434,987
Stupid idea?
hopolb33
05-13-2016 11:25 AM
05-16-2016 11:22 AM
by Steve
1 165
Planting SKYBOUND CEDARS
FrankieeLawnz
05-13-2016 03:59 PM
05-16-2016 11:21 AM
by Steve
1 145
Edging Fad...
Tree geek
05-10-2016 11:29 PM
05-15-2016 11:12 PM
by Tree geek
2 194
Business Overload
Chilehead
05-06-2016 09:27 PM
05-13-2016 11:15 AM
by Steve
11 406
Hello from great state...
Cel1980
05-11-2016 09:00 AM
05-13-2016 11:07 AM
by Steve
2 169
Did this job free to...
JJand M Lawncare
05-02-2016 02:33 PM
05-11-2016 03:54 PM
by JJand M Lawncare
10 442
How to tell Cust. to...
GeeGood
04-09-2008 09:55 PM
05-09-2016 07:08 PM
by JJand M Lawncare
16 5,531
Echo SRM 230 trouble.
Jack Rabbit
05-08-2016 06:16 PM
05-08-2016 11:22 PM
by Just for Cuts
1 156
Toro ZTR Issues
rsanchez1203
05-06-2016 09:27 PM
05-07-2016 10:26 AM
by Steve
2 181
Correct way to quote a...
WarriorLandscapingCAN
05-02-2016 11:52 AM
05-03-2016 10:59 AM
by Steve
1 302
» Popular Tags
advertising become an entrepreneur best mower be your own boss break business education business help business management contractor hacks deck lift dethatcher edging entrepreneur entrepreneur education estimates free lawn care fuel problems fuel pump half moon blade hydro increase customers jjandm lawncare landscape landscape design landscaping landscaping design company landscaping richmond va landscping lawncare lawn mowing lawnservice lowering grade marketing mulch new business planting plowing raising grade residential lawn care richmond va richmond virginia lawn care roundup safety scag snowblower snow plowing snow shovel solo solo backpack sprayer start a business start a lawn care business start business start up swzt toro timecutter tree tree pics tree service video walk behind what to charge work from home
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 11:28 AM.


(C) 2011 Riggs Publications - Terms of use & Privacy Policy

All times are GMT -5. The time now is 11:28 AM.

(C) 2011 Riggs Publications - Terms of use & Privacy Policy