100 PERCENT INFLATION

100 PERCENT INFLATION
“What could happen under 100 percent inflation? Your guess is as good as mine.”
Honorable Elijah Muhammad from The Fall of America

The words of Allah’s Messenger and Christ have now come to fruition. The world is at this moment in the grip of rising inflation. Inflation has begun to hammer every nation on the earth full force, and, to make matters worse it has been joined with high oil prices, food shortages and famine. With so much uncertainty in the global economic system and the minds of human beings plunging ever deeper into darkness, the one thing that we can be certain of is the Guiding Light that is in the Word that was Revealed to the Honorable Elijah Muhammad by Master Fard Muhammad. The second thing we can be certain of is that those who do not learn the lessons of history are doomed to repeat them.
How much of the useful land is used by the Original Man? Hint: STUDENT ENROLLMENT
Inflation is going to hasten the depletion of the world’s money supply and turn cash-strapped, overcrowded, crime-ridden cities into war zones and human wastelands. “Whatever you see on distant shores will soon be at your door.” Those words came from The Honorable Elijah Muhammad’s mouth, which is not made to speak idle words.
At least 25 million people in 23 countries in sub-Saharan Africa need emergency food aid because of civil strife, drought, internal displacement and economic disruption, according to a new report released by the United Nations Food and Agriculture Organization today.
The nations are locked in a death trap. In a fit of greed they claw to rake in personal wealth and they are consuming the earth’s natural resources i.e. oil, coal, natural gas, cobalt, tropical rain forest, oceans, wetlands, lakes, rivers and farmland at unsustainable rates. Turning once habitable land into deserts, toxic waste dumps, mineral depleted farmland all the while dumping millions of tons of hazardous waste in the air, water, land and underground water reservoirs.
Will 100 percent inflation lead to a global depression?
If we superimposed the causes of the Great Depression over the economic picture of today, what do we see? The following facts are courtesy of Gusmorino, Paul A., III. "Main Causes of the Great Depression." Gusmorino World (May 13, 1996).
1.) The main cause for the Great Depression was the combination of the greatly unequal distribution of wealth throughout the 1920's, and the extensive stock market speculation that took place during the latter part that same decade.
1b) Today: the top 1% of Americans own from 40% to 50% of America’s wealth depending on which economists that you trust. The top 10%, the bloodsucker of the poor, own 75% of all the wealth in the country. The 1990’s were the equivalent of the roaring ‘20’s.
2.) the maldistribution of wealth, caused the American economy to capsize.i
2b) Capsize means to turn bottom side up; upset; overturn. Today the economy is upside down. People are upside down in their mortgages, car loans, wages vs. inflation, etc.
3.) Coolidge's administration (and the conservative-controlled government) favored business, and as a result the wealthy who invested in these businesses.
3b) Today it is the Bush administration and the neo-conservative-controlled government.
4.) An example of legislation to this purpose is the Revenue Act of 1926, signed by President Coolidge on February 26, 1926, which reduced federal income and inheritance taxes dramatically11. Andrew Mellon, Coolidge's Secretary of the Treasury, was the main force behind these and other tax cuts throughout the 1920's. In effect, he was able to lower federal taxes such that a man with a million-dollar annual income had his federal taxes reduced from $600,000 to $200,00012. Even the Supreme Court played a role in expanding the gap between the socioeconomic classes. In the 1923 case Adkins v. Children's Hospital, the Supreme Court ruled minimum-wage legislation unconstitutional13.
4b) Today the Bush tax cuts for his wealthy friends are infamous.
5.) Through such a period of imbalance, the U.S. came to rely upon two things in order for the economy to remain on an even keel: credit sales, and luxury spending and investment from the rich. One obvious solution to the problem of the vast majority of the population not having enough money to satisfy all their needs was to let those who wanted goods buy products on credit. The concept of buying now and paying later caught on quickly. By the end of the 1920's 60% of cars and 80% of radios were bought on installment credit16.
5b) Today can you spell subprime, Visa or MasterCard.
Today there are some differences, which find the economic positions reverse. Such as in the 1920’s American industry occupied the place held by globalization now. Radios were hot then just as cell phones/PDA’s are the rage today. Food prices were deflating then whereas they are inflating exponentially today. The car industry was experiencing a boom, but today the car industry is going bust. All these factors have conflated to bring the words of Elijah Muhammad front and center; “What could happen under 100 percent inflation? Your guess is as good as mine.” Inflation is exploding like a 58 megaton Hydrogen bomb in every nation on the earth simultaneously.
Rahim’s Guess
My guess is that there will be a global depression the likes of which the world has never experienced before. One definition of the word “guess” is [to arrive at a correct conclusion about by conjecture, chance, or intuition; guess the answer, intransitive verb: to make a guess ]
Obviously I home in on the idea of intuition. All of my blogs scattered around the World Wide Web are aptly name “Rahim’s Intuition”.
House of Cards
Signing up a new credit card customer: $58. Buying off Congress: $8.5 million. Keeping Americans in hock for life: priceless." />
Dave Gilson" />
September 01" /> , 2007" />
In 1970, 51% of Americans had a credit card, compared with 93% today. The average cardholder has 7 cards.
Americans owe $850 billion in credit card debt. The world's 54 poorest countries owe $412 billion in foreign debt.
A "preferred customer," according to one MasterCard vice president, is someone with a "taste for credit" who's "willing to make minimum monthly payments—forever."
60% of Americans have been in credit card debt for more than a year.
The average U.S. household owes $9,659 on its credit cards.
If you owed that much on a card with a 14% apr (the average interest rate) and made 2% monthly payments, it would take you more than 6 years to pay off—and you'd pay $4,922 in interest.
1/3 of Americans claim they pay off their credit card bills in full every month.
Inside the credit card industry, these customers are known as "30-day wonders" or "deadbeats."
The average American household spends 14% of its disposable income paying off debts. It puts negative 0.5% into savings.
Last year, banks sent out 8 billion credit card applications, a 30% increase since 2005. Credit card companies spend an average of $58 to sign up a new customer.
Madonna reportedly gave her 9-year-old daughter a credit card with a $10,000 limit in 2005. A friend told In Touch, "She is hoping to teach Lourdes to be responsible with money." The Material Girl's publicist denies it.
In March, Hasbro announced that Visa would be the "preferred form of currency" in a new Game of Life. A Visa exec called the move "a powerful illustration of consumer preference to pay with Visa for everyday purchases and once-in-a-lifetime experiences."
Americans charged $51 billion worth of fast food last year, a 29-fold increase since 2001.
1/3 of low- and middle-income households report going into credit card debt to pay for rent, utilities, and food.
Kiss of Debt; Make Love, Not Debt; Wallowing in Debt; and Broke-Ass Student are among the dozens of "debt blogs" that chronicle their authors' struggles to pay off credit cards and other bills.
Since 1996, when the Supreme Court struck down limits on credit card fees, the average late penalty has jumped 162% and the average fee for exceeding credit limits is up 138%.
Credit card companies earned $90.1 billion in interest last year. They earned $55.2 billion in fees.

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We are in a day of learning. If you don't learn, you are left behind. ~ Elijah Muhammad