Friday, Apr 25, 2008
Absolute must read
Kitco: Hyperinflationary Depression
This guy predicts Hyperinflationary Depression followed by a Great Depression.
"It is too late to stop it. The political forces and the Unfunded Liabilities would prevent the powers-that-be from ending the money-printing process, and in fact, would grossly accelerate it. This would result in a hyper inflation (400 percent inflation or more), and the eventual total destruction of the dollar. Suddenly America would find its money totally useless. Store shelves would be empty, gas would go through the stratosphere, and Americans would suffer through the greatest threat since the Great Depression of the ’30s"
Posted by sold 2 rent 1 @ 09:17 AM (830 views) Add Comment
18 Comments
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1. sold 2 rent 1 said...
The Martin Armstrong and Calleman/Lungold models are basically saying this too.
Only from this level of destruction can "global enlightenment" be achieved.
2. tyrellcorporation said...
Crikey!
3. greytornado said...
Very interesting, it's the sort of scenario that may well pan out....................The UK is in a truly dire situation, more employed in the Public Sector than ever before, significant unemployment is being disguised by monumental benefit pay outs, (incapacity benefit is a big factor here). Huge liabilities re State sector pensions, whilst Brown has wrecked the private pension sector. Current events are going to cause taxation revenues to rapidly fall away.
Astronomical future liabilities in respect of Labours involvement with PFI and the Public Sector. All in all, HMG are going to print a lot of money I reckon....................................
4. sold 2 rent 1 said...
If the banking system requires expanding debt to infinity to survive and the only people taking on new debt are the tax payers via bank bailouts; let's have a serious vote to see where our debt threshold level is.
At what point in the tax payer debt burden scheme would you march on Westminster and demand CHANGE?
How much debt would you be prepared to let the government create on your behalf?
a) £250 bn (10,000 per household)
b) £500 bn (20,000 per household)
c) £1 tr (40,000 per household)
d) £2 tr (80,000 per household)
e) £4 tr (160,000 per household)
f ) £8 tr (320,000 per household)
g) £16 tr (640,000 per household)
It would be nice to see what peoples' thresholds are?
Please vote.
5. voiceofreason said...
Seriously S2R, I don't think "people" will understand the question.
They will only start marching when stuff they can see starts to go wrong. E.g. trebling in petrol prices, trebling in tax rises...
6. sold 2 rent 1 said...
voiceofreason,
I guess so.
The markets will decide to sell GBP sharply when debt levels get to the "tipping point."
This will cause fuel and food to rocket.
Then it's time to dig out the Dr Martins from the back of the shoe cupboard.
7. cornishman said...
Hi, S2R1
"The US has expressed concern about a possible peace deal between Pakistan and Taliban fighters along the border with Afghanistan."
My comments yesterday re Pakistan. That wasn't the article I'd seen, but it was the gist of it.
I read these things - and then forget where I've seen them!
8. sold 2 rent 1 said...
The "US" and "peace" aren't really compatible with each other
9. cornishman said...
"The "US" and "peace" aren't really compatible with each other"
No. I can't imagine a world where the US just got on with it's life within its own borders, traded fairly, and just left the rest of the world to get on with their own lives.
10. malct said...
How many military bases does the US finance in other peoples countries?
I think they have around 90 in South Korea alone.
Financed by debt!
11. mken said...
Financed by debt...
- or possibly Chinese credit
12. paul said...
I'm not sure I take this stuff too seriously.
Yet.
13. European-bear said...
Kitco is a bullion dealer, so this is a VI article to be taken with a pinch of salt.
14. Btl Rules said...
crickey! Cor blimey! Really!
What's the time frame on this one S2R?
15. plato said...
The closer the evidence, the more out of focus it appears.
16. Planning4acrash said...
To understand the agression as coming from the Americans is a mistake and stops people from actually solving the problem, because to blame the American people is to avoid the real target. Most American's hold pacifist views IMO, or are just trustful of their democracy and are swept along by media sentiment. The direction comes from corporations and the military-industrial complex, which is funded by the money printing powers of the unconstitutional and undemocratic federal reserve, which was itself founded by European bankers and who would make the founding fathers of America turn in their graves.
17. the northerner living in oz said...
This is a very worst case theoretical outcome for the U.S.A
I cannot see it getting this bad.
18. sold 2 rent 1 said...
Btl Rules,
mini destruction -2008
end of money -summer 2011
global enlightenment -2012