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I noticed a lot of people who complain about spending seem to have no problem with spending to save the financial oligarchy on here. They rant and rave against Ron Paul who has an excellent conservative record against spending. Kind of short sighted IMHO because when the collapse comes they won’t be spared. I only hope he will be given support to actually do the job and if he is not able to End the Fed. I hope he can at least rein them in and we see some perp walks.

Soon...

ohn Williams Talks To BNN About The “Great Hyperinflationary Collapse”

Any interview that starts off with John Williams saying “Eventually it is going to be a hyperinflationary great depression” is sure to be controversial. While not necessarily news to those who subscribe to the Shadowstats.com editor’s newsletter, sometime we wish that Blackhawk Ben was among them, because despite his 100% confidence that rates will never do the kind of move that they exhibited in the past two days, they, well, did.

To quote Williamss, who actually keeps track of the US economy as if it were a GAAP audited corporation: “The annual deficit is running $4-5 trillion a year, that includes the Y/Y change in the NPV of unfunded liabilities... There is no political will to deal with this.”

The catalyst is well-known: “When you see panic selling of the US dollar, that’s when you have to be really careful. But what’s already been done with the dollar has spiked oil prices, and other commodity prices.” On the question of why Bernanke would not be able to pull off what Volcker did in the early 1980s, Williams’ explanation for why this time it is different, mostly focuses on the size of the US trade and budget deficits, which are not even remotely comparable on both an absolute and relative basis.

Most specifically what consumers should do in the post-apocalypse world, Williams is not too optimistic. Ironically, he notes that Zimbabwe in its hyperinflation may have been lucky in that it had the dollar to fall back on in the black market, and now every market. However the US does not have that facility, and this “will get very difficult when food starts disappearing from shelves.” Having goods for storage and barter would be critical. However, there may be a snag...

It appears that Mountain House, which is one of the better purveyors of freeze dried food and holds over 30 servings and last for 20 years because they are packed with nitrogen rather than oxygen, is now sold out of all #10 cans -link.

And for those who go to NitroPak, which sells these products, they have the following message:

***CURRENT INVENTORY UPDATE*** There is currently EXTREMELY high demand for all of our Mountain House foods nationwide due to current economic uncertainty and inflation fears. With this increase in demand, our food order processing times have increased also. As Mountain House’s leading distributor, we are receiving huge shipments weekly to fill our customer orders. We are shipping as quickly as we can. Your charge card will not be charged-up until we are ready to process your order. Thank you for your understanding and patience! Harry R Weyandt President
It appears that the battle lines have already been drawn, and the cheap optionality is gradually being eliminated. At this point the best the world can do is hope that Williams is wrong.

http://watch.bnn.ca/squeezeplay/december-2010/squeezeplay-december-8-2010/#clip386602

http://www.zerohedge.com/article/john-williams-talks-bnn-about-great-hyperinflationary-collapse

This is going to be fun. The Bernank has lied, propped up crooked financial institutions and given our money away overseas. He is truly a threat to our American sovereignty and liberty.

Ron Paul is at the least a man of true conviction who is not bought out. This will be quite interesting - the only really honest guy in politics that I’ve ever seen.

I pray for his safety because he could upset the whole scam of that is central banking.

Note: The Fed increases the money supply via selling T-Bills and attaches an interest rate to the increase in money. Do you realize the treasury could simply print the money without any interest attached - meaning no debt or interest payments? If Treasury just printed the money we would have inflation but no debt. Do you understand the scam the Fed represents? Do you understand what a slick crime this is?