Friday, Oct 17, 2008
The great game, chase the govt funded financial institution or go risk it with volatile commodities?
Bob Chapman's - The International Forecaster: Liquidity Injection Will Not Help Wall Street
Because of the extent of the financial destruction reeked by the Illuminist morons and their rocket scientist creators of Frankenstein derivatives, the ability of the Illuminists to run up the stock markets looks unlikely. So, Plan A having failed, they will now implement Plan B. What is Plan B? Plan B is to use this insider trading scam to make non-insiders chase after the Illuminist insiders as they manipulate the markets, with non-insiders always coming up a day late and a dollar short because they do not know when the manipulations will occur, or whether markets will be driven up or down. Instead of ripping you off all at once, they will dismantle you one piece at a time. Simply put your sales proceeds from dollar-denominated paper assets into gold and silver related assets and wait.
2 Comments
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1. denzil said...
I'm really struggling with where hyperinflation is coming from a will happily return to this blog and state I'm wrong if we see hyperinflation within the next 12 months. From my understanding hyperinflation is inflation in the high hundreds or not thousands percent PA (i.e Zimbabwe). The bailouts to the banks across the world are not adding liquidity to liquidity but adding liquidity in the place of imaginary money i.e toxic close to worthless debt.
I'll accept that there is a potential for inflation to occur but the banks are simply going to sit on most of the taxpayers money to improve their balance sheets. If they threw caution to the wind and said, "hey sh1t, lets lend and lend and lend and create fantastic new financial tools just like the ones that gave us huge bonuses", then there is chance to cause inflation, but not hyperinflation. If anything is truly off the radar, it's hyperinflation.
No doubt I'll get the usual retort of, "open your eyes, Denzil". But, hey I don't care, I know my predictions on the direction on gold, oil and more importantly house prices have been considerably closer than those on here who clearly have a greater understanding of the mechanics of economics than myself.
2. planning4acrash said...
Apparently hyperinflation used to be 100% in a few years, well, with 20% increase in the money supply, the spending power of your money halves every 5yrs, so we aren't far off.
I hope you are right about the liquidity going into silly places that don't exist. So long as they don't, on net, use the new cash to buy commodities. I have my fingers crossed that the parasitical bankers and government will end up eating themselves and having to offload the assets they amassed to pay off the fiat they printed, re-enfranchising the people. This is a pipe dream! Not based on any sound analysis.
I mean, they are supposed to have a police state now, right? Well, they put a few brutes in the train stations where everybody can see them, but can't afford to have bobbies on the street, so, maybe you are right Denzil, that all this stuff has been over stated, and that we will be ok.