The Comedian's "Economic Holocaust" ping list...
Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
Posted on 12/14/2010 8:30:05 AM PST by Circle_Hook
There ain't enough. And nobody will trust the proxy versions - ETFs, etc.
The ultimate precious metals are fissionable uranium and plutonium and the means to deliver. They get delivered upon failure to acknowledge delivery of lead.
I’m glad this prediction has a timeline of a “couple of months.” That takes guts. Williams is wrong, and we will know it in a couple of months due to his courage.
Of course the predictions will keep coming, there is a desire for hyperinflation out there that cannot be beaten down. I don’t know why people desire it, some kind of ‘End of Days’ wish apparently.
I’m sure everyone calling for hyperinflation will be apologizing in a couple of months (or years) when it doesn’t happen. I’ll certainly apologize if it does take place.
So I will make my own gutsy predictions.
1. There will be no hyperinflation in a couple of months.
2. There will be no hyperinflation in a couple of years.
Is there an Intrade play on this? I’m going to check. Talk about easy money.
I haven’t read the attached article yet.... but I am guessing that they are selling something and the “sky is falling” warning is to push us to buy what ever it is they are selling. Reminds me of Y2K sort of.
Agree. Myself, I believe there could be deflationary pressures coming down the pike despite helicopter Ben’s frantic attempts to stem deflation.
Well, maybe. That is assuming you still have a job in which to generate those worthless FRN’s.
Indeed, we would be experiencing crushing deflation now if not for the Benanke’s moves. If Bernanke did nothing, or raised interest rates, we would see the quickest way out of the problem (a relatively short but deep depression), but such actions are not politically possible in America. The domino effect around the world would not be worth the price either.
We must realize there is no way out of this situation without pain. The decision has been made to spread the pain out over time and keep the downturn as shallow as possible. There is not a right or wrong decision, just a preference.
My analysis (and I actually do analyze) indicates we will emerge from this interlude of stagnation around 2022. we will have fits and starts followed by dips until that time. The housing market should find decent footing around 2014. Job creation will be slow and agonizing for at least 5 years.
It’s not important to be right on economic matters, everyone is right eventually if they stick with a position. What matters is to be right at the right time. The hyperinflationistas have been wrong for a couple of years now, and I think they will continue to be wrong.
What’s worse is that the hyperinflationistas think gold will save them. If HI strikes they will go through their gold in a few weeks, those with large holdings may last a few months. There is only one defense against hyperinflation: Possession of arable land with water, and the means to defend it.
I remember the Jimmy Carter impersonator on SNL around 1979 saying “Inflation is your friend. Eventually, with inflation, we will all be millionaires!”.
Does Bernanke have Secret Service protection? If not he’d better see about getting some ‘cause there bound to be some people flippin out.
Don’t worry about Ben raising interest rates. Mr. bondmarket will take care of that small detail. Have you been watching the 10yr? Does that play in your analysis for 2022?
Ben’s shot his wad although the pretending to matter continues. I wish I had a garden...
>>If HI strikes they will go through their gold in a few weeks, those with large holdings may last a few months. There is only one defense against hyperinflation: Possession of arable land with water, and the means to defend it.<<
Question; What happens to the folks who don’t have a lot of money and are renting or just barely getting by as it is? White, middle aged, common folks. I am guessing that covers the majority of FReepers.
Won’t surprise me a bit.
It won’t be the UN or even the EU. It will be a Muslim coalition. Try this website for further reading and insight.
Just as a note, I have looked into this quite a bit and have become convinced that the Protestant Church was deceived into thinking that the Roman Catholic Church would be the Great Whore of Revelation. They’re not, not by a long shot.
Simply put, the Church is looking in the wrong place for the Anti-Christ and his kingdom. We, myself included until about five years ago, have been looking for an European Anti-Christ when he’s going to be Muslim. Islam is the Beast and the Madhi is the Anti-Christ.
Now this increase the taxes on people with annual incomes of $200G or more is starting to make sense. Mom and I live on much less so we’ll slide under his scalpel.
Gas is now over $3.00 a gallon here and food prices have been rising steadily. Had Bernanke not gone on this destructive path of dollar devaluation we may have experienced some pain but we would soon be on the road to recovery like Iceland is now.
Instead the only people profiting are the TBTF Banks/Wall St. who invented the risky products that created the economic collapse, the rest of us are in for a world of pain. At least those who heed the warnings and prep ahead of time will fare better the way I view it is hope for the best but prepare for the worst.
Thomas M. Hoenig who is a Fed governor (probably the best one)knows Bernanke’s policies are a disaster.
“To him, Mr. Bernanke’s plan is “a dangerous gamble” and “a bargain with the devil,” strong words that have rankled some officials of the Fed, where dissent is tolerated but not celebrated.”
http://www.nytimes.com/2010/12/14/business/14fed.html?_r=3&pagewanted=1&ref=business
None the less Banana Ben plans on moving full steam ahead!
Fed Retains $600 Billion Bond-Buying Plan to Boost Economy
“We’re not very far from the level where the economy is not self-sustaining,” Bernanke said. It’s possible the Fed may expand bond purchases beyond $600 billion, he said.”
Wall Street Sees Record Revenue in ‘09-10 Recovery From Government Bailout
10 Signs That Confidence In U.S. Treasuries Is Dying And That Financial Armageddon May Be Approaching
Could this really be the Conclusion?
It could be doing so to offer up a NEW solution (an internationalist leader promoting a new world order) that will seem to address the brutal rapidity with which they are now operating. Alternatively, as we have suggested above, there is no further strategy, only the continued unraveling of elite memes, an increased reliance on authoritarianism to invoke more centralized world governance and, as a result, an increasingly pathological dysfunction.
in full http://dailybell.ch/1595/Elites-Pathological-Dysfunction.html
Note even Bloomberg is reporting some think it’s a...
“Conspiracy”
Stocks Rally With Bernanke Bond Purchases as QE Buoys S&P 500
“‘Conspiracy Theory’
Some investors see a “conspiracy theory” that the central bank causes a stock rally on days of its purchases, Bank of America Merrill Lynch strategists led by Jeffrey Rosenberg said in a Nov. 2 report.”
No peaceful way back.
Thank you for the link.
I have known for awhile that the Catholic Church is not the Great Whore who rides on the beast of Revelations. The study I did by Kay Aurthur pointed out that error. So not all Protestants believe the city on the seven hills is Rome. She pointed out that the very next verse points to hills being symbols of kingdoms.
I had pondered how the Madhi would play into end times. It seems that Satan has planted his own “end times” lies to mislead the masses.
But there is one thing. Wouldn’t the Anit-Christ have to be Jewish? He is also to be accepted as the Messiah.
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