deflation Posted August 4, 2011 Report Share Posted August 4, 2011 Laying it out. The bail-outs created more debt. Depression is coming. We need higher interest rates soon. I'm sure a lot of people don't want to hear it.... Quote Link to post Share on other sites
evictee Posted August 4, 2011 Report Share Posted August 4, 2011 as above Quote Link to post Share on other sites
davidg Posted August 4, 2011 Report Share Posted August 4, 2011 (edited) as above Calling for interest rate rises by the Fed/Boe. Time for the west to bend over and take its medicine (propbably a large suppository). Personally I'd be happy for Gillian Tett to bend over and take it. Edited August 4, 2011 by davidg Quote Link to post Share on other sites
Giordano Bruno Posted August 4, 2011 Report Share Posted August 4, 2011 Laying it out. The bail-outs created more debt. Depression is coming. We need higher interest rates soon. I'm sure a lot of people don't want to hear it.... I'm not like some of you guys who seem to be traders etc. but that the bail-outs created more debt seems compellingly true. More debt means more interest to be paid which means further up shit creek. How can that not be worse? Quote Link to post Share on other sites
ccc Posted August 4, 2011 Report Share Posted August 4, 2011 He is the Yankee poor man's Jonathan Davis. Quote Link to post Share on other sites
sign_of_the_times Posted August 4, 2011 Report Share Posted August 4, 2011 kirsty " well that cheered us all up" Quote Link to post Share on other sites
crash2006 Posted August 4, 2011 Report Share Posted August 4, 2011 i think i have a gold addiction, i just can't stop buying. Quote Link to post Share on other sites
exiges Posted August 4, 2011 Report Share Posted August 4, 2011 i think i have a gold addiction, i just can't stop buying. It fell today as people cashed their gold in to make up for losses on stocks Quote Link to post Share on other sites
SleepyHead Posted August 4, 2011 Report Share Posted August 4, 2011 (edited) Wow! Can't believe they let him on. Looks like they're getting to the desperation stage, where new ideas (old ideas to us) are now actually being listened to, rather than ridiculed. Edited August 4, 2011 by worst time buyer Quote Link to post Share on other sites
KingBingo Posted August 4, 2011 Report Share Posted August 4, 2011 Did they introduce him as an Evil Austrian economist who wants to see a reduction in the size of their beloved state? Or is even the BBC starting to question statism? Quote Link to post Share on other sites
KingBingo Posted August 4, 2011 Report Share Posted August 4, 2011 It fell today as people cashed their gold in to make up for losses on stocks No, that was margin calls. Quote Link to post Share on other sites
Si1 Posted August 4, 2011 Report Share Posted August 4, 2011 Wow! Can't believe they let him on. Looks like we're getting to the desperation stage, where new ideas (old ideas to us) are now actually being listened to, rather than ridiculed. could be the over reaction stage not sure that the newsnight crew didn't totally ignore Schiff's statement that Europe is not that bad, that USA is potentially far worse by comparison I say potentially as the potential of the US economy is so enormous that if they screwed their heads on I think they would be fine but for the time being they won't Quote Link to post Share on other sites
deflation Posted August 4, 2011 Author Report Share Posted August 4, 2011 Schiff is one of the few who really did predict a credit crunch, not just wise after the effect. US housing market slump too. He then laid into excess credit and predicted, accurately, the collapse of the USA automotive giants because of their loans division. Quote Link to post Share on other sites
scepticus Posted August 4, 2011 Report Share Posted August 4, 2011 Laying it out. The bail-outs created more debt. Depression is coming. We need higher interest rates soon. I'm sure a lot of people don't want to hear it.... Bull - that man has been screaming hyperinflation for too long now, and now he's changed his tune to DEFLATIONARY DEPRESSION? Has no idea what he's on about, just an opportunist talking head, who spouts guff that fools lap up. Quote Link to post Share on other sites
crash2006 Posted August 4, 2011 Report Share Posted August 4, 2011 Bull - that man has been screaming hyperinflation for too long now, and now he's changed his tune to DEFLATIONARY DEPRESSION? Has no idea what he's on about, just an opportunist talking head, who spouts guff that fools lap up. We are seeing titillation biflation as my sig been saying for the past 4 years. Quote Link to post Share on other sites
mdman Posted August 4, 2011 Report Share Posted August 4, 2011 Bull - that man has been screaming hyperinflation for too long now, and now he's changed his tune to DEFLATIONARY DEPRESSION? Has no idea what he's on about, just an opportunist talking head, who spouts guff that fools lap up. Writes the knight who says NIRP Quote Link to post Share on other sites
crash2006 Posted August 4, 2011 Report Share Posted August 4, 2011 I've called it again. http://www.housepricecrash.co.uk/forum/index.php?showtopic=165524 Quote Link to post Share on other sites
Stay Beautiful Posted August 4, 2011 Report Share Posted August 4, 2011 interest rate rises What are those? Quote Link to post Share on other sites
libspero Posted August 4, 2011 Report Share Posted August 4, 2011 Shoot.. missed it. Anyone know if it's on iplayer yet, I can't see it Quote Link to post Share on other sites
scepticus Posted August 4, 2011 Report Share Posted August 4, 2011 Writes the knight who says NIRP haha, very good Quote Link to post Share on other sites
libspero Posted August 4, 2011 Report Share Posted August 4, 2011 This will be the link.. coming soon Can't wait to see it. Peter always has, and always will kick ass Quote Link to post Share on other sites
scepticus Posted August 4, 2011 Report Share Posted August 4, 2011 We are seeing titillation biflation as my sig been saying for the past 4 years. Well if that was schiff's line I'd have more respect for him Quote Link to post Share on other sites
tinker Posted August 4, 2011 Report Share Posted August 4, 2011 Writes the knight who says NIRP OK what is NIRP? Quote Link to post Share on other sites
'Bart' Posted August 4, 2011 Report Share Posted August 4, 2011 What are those? It's been so long I've forgotten as well. Quote Link to post Share on other sites
scepticus Posted August 4, 2011 Report Share Posted August 4, 2011 OK what is NIRP? Quote Link to post Share on other sites
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