Showing posts with label Money. Show all posts
Showing posts with label Money. Show all posts

Thursday, September 16, 2010

Hyperinflation and Unemployment Two Signs of Serious Trouble

09/15/10 Paris, France –

The big news from yesterday was the rise in the price of gold. It went up $24 to a new all-time high. The stock market was just about flat.

What does it mean?

Well, the dollar is going down, for one thing. Bonds too. Has the long-awaited turnaround in the bond market finally begun? We don’t know. We really didn’t expect it so soon.

John Williams, who keeps track of what is really going on in the economy at his “ShadowStats” outfit, says to expect hyperinflation within 6 to 9 months.

Seems too early to us.

But a major turn in the bond market…and much higher inflation rates…are coming. And you don’t want to be holding US bonds…or muni bonds…or any kind of bonds when they arrive.

What then?

Cash and gold. Those are the only reasonably safe positions now. Your gold will go up. Your cash will go down. You’ll come out even. That will be a lot better than most people.


Entire Article HERE

Thursday, August 19, 2010

The Purpose Behind Engineered Economic Collapse

Everyone loves money. Even people like myself who abhor the abuse of money and commerce, who understand the fraudulent nature of the system we live in, still work hard and save so that we might attain a sense of stability within that system. Many people see money as a focal point to their existence. But is it really money that they are after, or is it something else entirely? In truth, money represents 'security' in the minds of the masses. Money affords us the ability to survive, and the more of it we have, the safer we all feel. Because we subconsciously associate the extension of our very life with the variable health of the economic structure in which we live, we tend to become unwitting devotees to its continued existence, even if it is corrupt and condemned to failure. We gullibly deny the system or the currency that supports it is doomed to the contrary of all evidence because, even though it has beaten us bloody, we have never known anything else.

In light of this entrenched way of perceiving things, especially in the U.S., it is difficult enough to convince some people that the economy is in fact not providing the security they desire, but is actually destroying their future completely. To explain to them that this is deliberate, that the economy is designed to self-destruct, that is another prospect altogether.

Entire Article HERE

Money As Debt

This is an informative video about money, hard currency, banking & debt. Another piece of the puzzle on how we got where we're at. If you have 48 minutes it's a great lesson.

Monday, July 26, 2010

HYPERINFLATION OR HYPERDEFLATION?

James Turk’s article Hyperinflation Looms dated April 20, 2010, is based on Quantity Theory
of Money (QTM). It draws an analogy between Weimar Germany of 1923 and the United
States of 2010. Both precepts are invalid. As far as the QTM is concerned, it suffices to point
to the very fact, admitted by Turk, that it is possible to have a shortage of money
simultaneously with the overworking of the printing presses. Hyperinflation is not the same as
the ultimate inflation of the money supply. It is the ultimate depreciation of the currency unit.
The two concepts are far from being the same, QTM notwithstanding.

Entire Article HERE

The Death of Paper Money

The crucial passage comes in Chapter 17 entitled "Velocity". Each big inflation -- whether the early 1920s in Germany, or the Korean and Vietnam wars in the US -- starts with a passive expansion of the quantity money. This sits inert for a surprisingly long time. Asset prices may go up, but latent price inflation is disguised. The effect is much like lighter fuel on a camp fire before the match is struck.

People’s willingness to hold money can change suddenly for a "psychological and spontaneous reason" , causing a spike in the velocity of money. It can occur at lightning speed, over a few weeks. The shift invariably catches economists by surprise. They wait too long to drain the excess money.

Entire Article HERE