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It is worthwhile noting that inflation as a factor of global economic security has the innate capacity to upend carefully laid plans and further upset the equilibrium, being a source of economic hardship that only a limited number of state actors can affect via their national policies argue former Reagan advisor Dr Norman Bailey and Dr Alexander Mirtchev Governments everywhere are responding by devaluing currencies, applying price restrictions, raising interest rates or imposing currency controls — in a way, true to the legacy of Diocletian. In some cases, they are attempting to obfuscate price increases — by changing definitions, altering...

The Anatomy Of Sovereign Debt Default Interest-Rates / Global Debt Crisis 2012 Apr 17, 2012 - 12:47 PM By: Michael Pento The three primary factors that determine the interest rate level a nation must pay to service its debt in the long term are; the currency, inflation and credit risks of holding the sovereign debt. All three of those factors are very closely interrelated. Even though the central bank can exercise tremendous influence in the short run, the free market ultimately decides whether or not the nation has the ability to adequately finance its obligations and how high interest rates...

www.financialsurvivalnetwork.com presents: Max Yemets was back on talking more about hyper-inflation and how debts get destroyed. He told the story of how his father took out a loan to purchase a bicycle back in Soviet controlled Ukraine. It was a large loan by their standards; but when hyper-inflation hit, his father was able to repay the loan for virtually nothing. There's something instructive about this scenario, and history could very well repeat itself. Imagine having a large mortgage that you get to pay back in greatly depreciated dollars. Max believes that if you aren't buying metals now, you should be!...

If you are looking for the most nauseating cover possible on Ben Bernanke, please consider the April 2012 issue of the Atlantic. The cover asks the question "Ben Bernanke saved the global economy. So why does everyone hate him?" For starters Ben Bernanke did not save the global economy. Making such a proclamation is like a football fans proclaiming victory at the end of the third quarter with the score 54-24 following a 24 point rally after being down 54-0. Simply put, it is far too early to make a presumption the Fed "saved" anything given the global economy remains...

The Fed's Inflation Target; QE3, QE4, QE5, Etc. Are In The Queue Interest-Rates / Quantitative Easing Jan 29, 2012 - 11:26 AM By: David Knox Barker The U.S. Federal Reserve policy announcement on Tuesday, January 25, 2012 marks an important moment in monetary history. The forecast by a majority of the members of the FOMC for interest rates to hug zero until late 2014 was of interest and points to the FOMC conviction extended global economic stagnation at best, reflecting the long wave forces at work in the global economy. However, more importantly, it was the first time that the...

Southern Europe Permanently Crippled, The Only Tool Left Is Hyper Inflation Economics / HyperInflation Jan 20, 2012 - 11:24 AM By: Jim Willie CB Any perusal around the world these days features Southern Europe crippled, preparing for the inevitable Greek Govt Bond default. It features a crippled US housing market, a mockery of statistical accounting in the US Gross Domestic Product, the plight of the COMEX with established veterans clearing out desks (not trading), the extreme physical demand reported by the London Trader, and the indictment of the SLV iTrust Silver Fund tool used by the cartel. The survey does...

I have received a few emails asking if I was still content with my decision to shut down my brokerage. Not only am I content, but after seeing the news that broke over the weekend, I am of the considered opinion that the entire financial blogging community should formally call for a general financial market strike. And I’m not kidding. A couple of things have happened regarding the MF Global mess that I don’t think got the attention they should have because they broke over the weekend. So let me fill you all in. First, all notions of personal property...

Global Economic Crisis: The U.S. An Insolvent And Ungovernable Country Economics / Global Debt Crisis 2012 Dec 18, 2011 - 11:57 AM By: LEAP As announced in previous GEABs, in this issue our team presents its anticipations on the changes in the United States for the period 2012-2016. This country, the epicentre of the global systemic crisis and pillar of the international system since 1945, will go through a particularly tragic in its history during these five years. Already insolvent it will become ungovernable bringing about, for Americans and those who depend on the United States violent and destructive economic,...

Perpetual Q.E. Without The Billboard, Hyper Monetary Inflation Interest-Rates / Quantitative Easing Nov 30, 2011 - 08:15 AM By: Jim Willie CB The US Federal Reserve has fooled a lot of people into believing that the grand monetary pump and debt monetization project has been put on hold. The only thing that changed was their talking publicly about it. The money press has been working to the limit, never stopped. The discussion has been kept quiet, but the machinery still makes a lot of shrill noise. The proof is not movement of lips by central bankers, but the data from...

As expected, the Fed has just bailed out the world once again: FED, ECB, BOJ, BOE, SNB, BANK OF CANADA LOWER SWAP RATES - BBG ECB, FED other major central bank to lower the pricing of existing USD liquidity swaps by 50BPS And as we have been writing every single day, the worldwide dollar crunch is now confirmed: At present, there is no need to offer liquidity in non-domestic currencies other than the U.S. dollar And finally, a promise to bailout Bank of America when it hits $4.00 again: U.S. financial institutions currently do not face difficulty obtaining liquidity in...

The U.S. Federal Reserve, acting with five other central banks, took steps Wednesday to boost the troubled global financial system by making it cheaper for banks to trade in U.S. dollars. The Fed -- along with central banks of the eurozone, England, Japan, Switzerland and Canada -- announced a coordinated plan to lower prices on dollar liquidity swaps beginning on December 5, and extending these swap arrangements to February 1, 2013.

Stock Market Report Hyperinflation! Stock-Markets / HyperInflation Nov 29, 2011 - 01:03 PM By: UnpuncturedCycle I read article after article warning us that excessive printing in the western world is going to produce hyperinflation, and I’ve heard good analysts calling for hyperinflation for almost five years now. Lately the call seems to have morphed into a plea. The Federal Reserve Chairman has pledged to do his part, dropping money out of helicopters if need be, so how could we have deflation given such declarations? We all know that the Fed has created almost US $4 trillion out of thin air...

John Williams Hyperinflation Warning, Preserve Wealth Value With Gold Commodities / HyperInflation Nov 28, 2011 - 01:01 PM By: The Gold Report Among the specters lurking in ShadowStats.com's Editor John Williams' gloomy outlook for the U.S. are the demise of the dollar, hyperinflation and the ongoing lack of political will to take sound corrective measures. Still, as he tells The Gold Report in this exclusive interview, investors have options. Williams contends that turning to gold, silver and strong foreign currencies would protect wealth and position savvy investors to take advantage of extraordinary opportunities likely to flow out of the turmoil...

Today the NY Fed released its quarterly report on consumer credit, and in it is a wealth of charts on the nature of consumer debt. The charts did contain a red flag: For the first time since the recovery began, there were clear signs that in Q3, consumers started falling behind on paying their debts following several quarter of improvement. It's not across all categories, and it's not necessarily even dramatic in some cases, but it is notable for the reversal in the pattern.

The 10 Worst Hyper-Inflation Horror-Stories Of The Past Century Mamta Badkar Oct. 18, 2011, 9:36 AM Inflation numbers have been heating up. U.S. PPI just came in higher than expected at 0.8%. UK's CPI also jumped. In India and China, food inflation has been stubbornly high. Hyperinflation is more of an extreme. Over the weekend, John Mauldin wrote that he doesn't expect hyperinflation in the U.S. because the Fed can print loads of money without bringing about inflation. But a crucial aspect of hyperinflation is mounting deficits that are financed by printing money as he explains. When prices start jumping...

Warning U.S. HyperInflation Ahead Economics / HyperInflation Oct 09, 2011 - 06:20 AM By: Seth Barani Money Supply M2 has expanded at Warp-9 within the past few months, based on Federal Reserve Data released on Sep.30th. In fact, the ratio of M2 to M1 has set a World Record, exponentially growing to over 5:1 (M2 is near $9.6 Trillion, over 12% growth this year so far, projected to show 15% growth in one year, while M1 has remained constant near $2 Trillion.) Chart below shows the growth of M2 in 2011: The daily price chart of Gold is shown next....

Treasury Secretary Timothy Geithner said Europe is trying to move forcibly to fix its debt crisis, reports Dow Jones Newswires, the sister company to FOX Business. "I think they are moving--they are certainly trying to signal more commitment--to put more force behind their efforts to try to deal with the financial crisis they are facing," Geithner said after touting President Barack Obama’s jobs bill at a United Parcel Service (UPS) package-handling facility. The problem is moribund, state-run economies. Talk now of blowing out the European Union’s rescue fund to quadruple the size of its original $600 billion means Germany and...

<p>Nothing has represented the rise of the hyperinflation meme more than the price of silver has over the last few years. At every twist in the market the rise in precious metals and silver in particular, has been used as the cornerstone of evidence of “money printing”, debt monetization and raging inflation that was guaranteed to ravage the US economy.</p>

Dear Freepers, please help me out! A firend of mine sent me an e-mail which featured a link to someone who is apparently an economist names Harry S. Dent, with a video ink (I'm including). I have never heard of this man, and I began to watch the video, in which he defines what he think is going on with the economy. Thus far (I have only watched about half), all I can gather is that he believes that we are headed towards DEFLATION and that all commodoties are in a bubble and that whenever their is a crisis, people...

I keep reading about the dollar being a “new multi-year bull market” and that the US is headed for “Japan style deflation”. Frankly, it is a little tiring. The people making these arguments should know better. Deflation VS Hyperinflation Yes, there is debt deflation, and the overall money supply is shrinking as a result. However, those calling for “multi-year bull market” for the US dollar are insane. These individuals need to review basic monetary theory. The money supply is only one of three factors that determine whether prices rise or fall. The other two are the changes in the velocity...

(Reuters) - Bank of New York Mellon Corp told some of its biggest depositors this week it does not want their money. BNY Mellon said it is charging a fee to big corporate and asset management clients that deposit more money than average, because it has been overwhelmed by deposits. Global economic turmoil -- including the Greek debt crisis and the U.S. debt ceiling debate -- has driven BNY Mellon's large clients to sell riskier assets and move the proceeds to deposit accounts. The flood of cash is likely to raise BNY Mellon's U.S. deposit insurance fees and could weaken...

The BNY Mellon apparently does not want money, not to lend, not at all. In a mad dash for cash Mellon has been flooded with it. Overnight lending rates went negative. Please consider BNY Mellon to Slap Fees on Some Big Deposits Amid Global Race to CashBank of New York Mellon Corp. is preparing to charge some large depositors to hold their cash, in the latest sign of the worries roiling global markets. The big U.S. custodial bank said this week in a note to clients that it will begin slapping a fee next week on customers that have vastly...

Preparing Your Investments For An Inflationary Future By Eric Fry 05/26/11 Laguna Beach, California – Let the boxing match begin!…In the near corner, we find deflation, with its furious fists of debt liquidation and credit contraction… And in the far corner, we’ve got Ben Bernanke’s printing press, with its menacing inflationary uppercut. Inflation will win this contest eventually, but the match might go the full 12 rounds. Deflation is no slouch. He packs a mean punch. Borrowers of all types – from single-family mortgage-holders to national governments – are defaulting on their loans…or moving rapidly in that direction. As the...

The table displayed immediately below is likely to surprise even our most-jaded readers. It shows the astronomical increase in cash prices for well-known food commodities over the past 12 months. With inarguable exactness, it contradicts the nearly constant prattle in the mainstream press that inflation is under control, or that it is peaking and likely to come under control sometime soon. Some items on the list have doubled -- even tripled -- in price over the past year. Others have risen at mere double-digit rates.

Inflation Fears: Real Or Hysteria? Economics / Inflation May 11, 2011 - 06:01 AM By: Ellen Brown Debate continues to rage between the inflationists who say the money supply is increasing, dangerously devaluing the currency, and the deflationists who say we need more money in the economy to stimulate productivity. The debate is not just an academic one, since the Fed’s monetary policy turns on it and so does Congressional budget policy. Inflation fears have been fueled ever 2009, when the Fed began its policy of “quantitative easing” (effectively “money printing”). The inflationists point to commodity prices that have shot...

Hyperinflation And Double-Dip Recession Ahead Economics / HyperInflation May 03, 2011 - 04:22 AM By: The Gold Report Economic recovery? What economic recovery? Contrary to popular media reports, government economic reporting specialist and ShadowStats Editor John Williams reads between the government-economic-data lines. "The U.S. is really in the worst condition of any major economy or country in the world," he says. In this exclusive interview with The Gold Report, John concludes the nation is in the midst of a multiple-dip recession and headed for hyperinflation. The Gold Report: Standard & Poor's (S&P) has given a warning to the U.S. government...

Osama Bin Laden To Cause U.S. HyperinflationMay 3, 2011 NIA is very pleased that Osama Bin Laden has been neutralized and is no longer a threat to American citizens. During a White House press event yesterday, counterterrorism adviser John Brennan was answering reporters questions and made the comment that al Qaeda "is becoming increasingly bankrupt". Unfortunately, Mr. Brennan got this backwards. The United States is becoming increasingly bankrupt as a result of al Qaeda. Although America has been safe since 9/11, we need to look at what the cost has been. The U.S. military is currently spending just as much...

Can We Give The Hyperinflation Thing A Rest? Economics / HyperInflation Apr 27, 2011 - 06:20 AM By: Mike Whitney The Federal Reserve is not going to push the economy into Zimbabwean hyperinflation. That's pure bunkum. The Fed's plan is to weaken the dollar to boost exports and to force China to let its currency appreciate to its fair-market value. The policy should help to lower the US's bulging current account deficit. By purchasing $600 billion in US Treasuries (QE2), the Fed effectively reduces the supply of risk-free assets, which sends investors into riskier assets like stocks and commodities. Is...

Over the past few years, mainstream analysts have shown a tenacious blind faith in the U.S. economy and the dollar that goes far beyond religion to the point of mindless cultism, so, when even they begin to question the future of American finance (as has been occurring more and more everyday), you know its time to worry. For those that have been following my work since 2007, the events of the past few months have not been a surprise at all, however, for those just waking up to the ongoing implosion of our fiscal infrastructure, the bubbling inflationary meltdown...

Inflation Versus Hyperinflation, The Crucial Difference Economics / Inflation Apr 17, 2011 - 12:49 PM By: Justice Litle Is it possible we will see hyperinflation in the United States? Yes, but not by the route you might think... "Hyperinflation." You've heard the word. You may have talked about it on the golf course or at the dinner table. (Or even in the grocery store.) There is a difference, though, between inflation and hyperinflation. They are not the same thing. And for the most part, there is no gradual path from one to the other. To wind up with true hyperinflation,...

One word (well technically two) can describe what is going on in the electronic pre-market arena right now: inflationary hysteria. Gold is at a new record, wheat is surging, corn is at highest since 2008, crude at a new 30 month high, silver is at $41.10 - a new fresh post Hunt high, beans surging, etc, etc, etc. Essentially everything is bid, following news first reported on Zero Hedge that PIMCO is betting the farm that either inflation is about to go parabolic and force bondholders to dump everything, or that the Fed will have no choice but to pursue...

Federal Reserve Must Implement QE3April 6, 2011 Gold prices surged today to a new all time high of $1,463.70 per ounce, while silver prices soared to a new 31-year high of $39.785 per ounce. Silver is now up 129% since NIA declared silver the best investment for the next decade on December 11th, 2009, at $17.40 per ounce. The gold/silver ratio is now down to 37, compared to a gold/silver ratio of 66 when NIA declared silver the best investment for the next decade. This means that not only is silver up 129% in terms of dollars since December...

HERSHEY, Pa. (AP) -- Chocolate is going to cost a little more green. The Hershey Co. on Wednesday said it raised wholesale prices by 9.7 percent, because its own costs have risen. The candy maker says the price increase takes effect immediately. It cited higher costs for raw materials, packaging, fuel, utilities and transportation as driving the hike. Consumers may not see the impact on store shelves right away, however. A Hershey spokesman said many retailers will be able to buy products at the old prices for about eight weeks. The announcement comes weeks before one of the most popular...

One of the most frequently asked questions we receive at the National Inflation Association (NIA) is what warning signs will there be when hyperinflation is imminent. In our opinion, the majority of the warning signs that hyperinflation is imminent are already here today, but most Americans are failing to properly recognize them. NIA believes that there is a serious risk of hyperinflation breaking out as soon as the second half of this calendar year and that hyperinflation is almost guaranteed to occur by the end of this decade. In our estimation, the most likely time frame for a full-fledged outbreak...

TAMPA - With food prices on the rise and families struggling to stretch their food dollars, sales of Spam are up – and so is the price. Spam is just the sort of food you'd expect Americans to turn to in an economic crisis. The iconic metal can has been a part of the country's food landscape since 1937, fed the troops during World War II and harkens back to Baby Boomers' childhood. Spam also enjoys something of a cult standing in popular culture, with legions of devoted fans swapping recipes online, annual festivals in Hawaii and Minnesota, and Spam...

Two thousand years ago, Marcus Cicero said “any man can make mistakes, but only an idiot persists in his error.” By such logic our species is idiotic indeed. For our ability to pass knowledge down through the generations applies only to the physical sciences. In the realms of the social decision making, where humility and realism are so often the dupe of hubris and self-delusion, each generation is condemned to relearn the mistakes of generations past. The abuse of political power, wars and popular uprisings are as prominent in ancient history as in today’s newspapers. In the 5th century BC...

The one thing that could lead to a recession, economist David Rosenberg said Monday, is inflation. "We have this unusual situation where food and energy prices are going up double-digits," said Rosenberg, chief economist and strategist at Gluskin Sheff & Associates. "In the past when this has happened, you've had a significant squeeze not just on corporate profits down the road, but [also] on household incomes." In real terms, Rosenberg said average weekly earnings are negative for four months in a row. Consumers have been helped by a payroll tax cut, but Rosenberg said this "incremental benefit" will subside after...

WASHINGTON — Wholesale prices jumped last month by the most in nearly two years due to higher energy costs and the steepest rise in food prices in 36 years. Excluding those volatile categories, inflation was tame. The Labor Department says the Producer Price Index rose a seasonally adjusted 1.6 percent in February, double the 0.8 percent rise in the previous month. Outside of food and energy costs, the core index ticked up 0.2 percent, less than January’s 0.5 percent rise. Food prices soared 3.9 percent last month, the biggest gain since November 1974. Most of that increase was due to...

Q.E. Money Printing Negative Feed Back Loop to Hyper-Inflation Oblivion Interest-Rates / Quantitative Easing Mar 09, 2011 - 09:16 AM By: Jim Willie CB USFed Chairman Bernanke and the Quantitative Easing programs are caught in a negative feedback loop, the instruments at risk being the USDollar and the USTreasury Bond. The former suffers from lost integrity and direct inflation effect. The latter suffers from direct intervention and market ruin. The next QE round is guaranteed by the failure of the previous program in an endless cycle to be recognized later this year. Leaders are confused why the recovery does not...

Hyperinflationary Deluge Is Imminent Economics / HyperInflation Mar 07, 2011 - 03:59 AM Tyler Durden Tyler Durden writes: A deluge of an unprecedented magnitude is both inevitable and imminent. The consequences of the economic and political mismanagement will have a devastating impact on the world for a very long time. And the consequences will touch most corners of the world in so many different areas; economic, financial, social, political and geopolitical. The adjustment that the world will undergo in the next decade or longer, will be of such colossal magnitude that life will be very different for coming generations compared...

U.S. Economy Flight 666, On A One Way Inflation Ticket To Zimbabwe Economics / Inflation Feb 15, 2011 - 03:52 AM By: D Sherman Okst I’ve finally had the time to thoroughly study Bernanke’s entire Press Club speech, his appearance before Representative Paul Ryan’s House Budget Committee and bulk of the recently released 2005 FOMC minutes. The conclusion I have drawn from all this data is that the captain of our economy, Ben Bernanke, is either an economic imbecile or a financial terrorist. Through evil intent, or sheer stupidity, the outcome remains unchanged. The bottom-line: He has hijacked our economy...

Chinese Hyperinflation On The Horizon?Febuary 14, 2011Hans Palmstierna The daily fright over at ZeroHedge is an article that claims that food prices have risen 4.6% in 10 days in China, or an annualized 415% (!!!). This is clearly in hyperinflationary territory if it is correct, however I decided to take a quick look at the underlying data. After eyeballing it for a few seconds you realize that five items (out of 29) are responsible for much of this increase, and these may be statistical anomalies. They are : Rapes (14.5%) Celeries (11.0%) Cucumbers (28.2%) Tomatoes (12.9%) Kidney Beans (21.9%) Now,...

RICHARD RUSSELL: HYPERINFLATION? WHAT HYPERINFLATION? 13 February 2011 by Cullen Roche Few investors have been more vocal about the potential collapse of the US Dollar than Richard Russell. But as the recovery builds strength Russell has dramatically toned down his commentary about any potential hyperinflation and collapse of the USD. In his Friday commentary he said the market action simply isn’t even remotely displaying a hyperinflationary environment or even an eventual hyperinflationary environment. And he’s dead right (via Dow Theory Letters): Comment — I read a lot about “the coming hyper-inflation.” If hyper-inflation is in our future, I don’t see...

It is a long standing proposition of many, supported on both theoretical and historical grounds, that one of the surest roads to hyperinflation is one grounded in a government whose answer to every economic and social problem is to borrow and spend the problem away, supported by central bank able, willing and ready to finance the effort. That support is of course to simply print the money through which to buy the debt so issued by the government – what is euphemistically called monetizing the debt – thereby exploding the supply of money and eventually trashing its value.... So, given...

It was during that conversation with Ray a few days ago that he nailed me with that question. We had been talking for about an hour about how things went down here in Argentina, the similarities, inflation, how “shopping carts” keep getting more and more expensive, how crime affects your lifestyle. But what to do? The person now gets it, the person not only understands the wisdom in preparing for disasters large and small but comprehends that due to the current economic situation, life in general is going to change from now on, unemployment, inflation, loss of life quality in...

The following article has far reaching implications for our future. Based on the price of gold and our total national debt, our gold reserves account for .0352 cents for every FRN. This means that if we revalued our currency based on a tangible asset (gold only in this case), you would receive $3.52 for every $10,000 of your assets. In a practical scenario, the United States would use silver reserves and property to augment the conversion of your property. This article in conjunction with the unprecedented land grab that the federal government has undertaken should make every sentient American take...

NEW DELHI: India is determined to ensure steady crude oil supplies from Iran and is even considering settling payments with gold in the short term before the two countries agree on a mutually accepted currency and a bank to clear the transactions.

Fed Governor Hoenig shocked many observers yesterday when he stated, “The gold standard is a very legitimate monetary system...We're not going to have fewer crises necessarily. You will have a longer period of price stability or price level stability, but I don't know that you'll have lower unemployment, I don't know that you'll have fewer bank failures.” King World News immediately interviewed Jim Rickards who has worked with both the Fed & US Treasury, and who also has a background in national defense as well as consulting with government directorates around the world.

TNIA 2010 recap along with new very important housing and raw jobs information.

Barron's: US Will See Run on Treasurys, Hyperinflation Wednesday, 05 Jan 2011 10:44 AM By Greg Brown Investors in U.S. debt around the world are worryingly near a "psychological breaking point" that could force a "run on the bank" against Treasurys. If that happens, hyperinflation quickly follows and gold will soar much, much higher from its now record-setting levels, argues author and longtime trader Victor Sperandeo in the latest issue of Barron's. Sperandeo has traded for many top investors including George Soros. Anyone who believes that the United States faces a comparatively mild 1970s-style inflation risk is ignoring history at...