deflation Report post 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 Share this post Link to post Share on other sites
evictee Report post Posted August 4, 2011 as above Quote Share this post Link to post Share on other sites
davidg Report post 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 Share this post Link to post Share on other sites
Giordano Bruno Report post 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 Share this post Link to post Share on other sites
ccc Report post Posted August 4, 2011 He is the Yankee poor man's Jonathan Davis. Quote Share this post Link to post Share on other sites
sign_of_the_times Report post Posted August 4, 2011 kirsty " well that cheered us all up" Quote Share this post Link to post Share on other sites
crash2006 Report post Posted August 4, 2011 i think i have a gold addiction, i just can't stop buying. Quote Share this post Link to post Share on other sites
exiges Report post 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 Share this post Link to post Share on other sites
SleepyHead Report post 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 Share this post Link to post Share on other sites
KingBingo Report post 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 Share this post Link to post Share on other sites
KingBingo Report post 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 Share this post Link to post Share on other sites
Si1 Report post 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 Share this post Link to post Share on other sites
deflation Report post 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 Share this post Link to post Share on other sites
scepticus Report post 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 Share this post Link to post Share on other sites
crash2006 Report post 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 Share this post Link to post Share on other sites
mdman Report post 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 Share this post Link to post Share on other sites
crash2006 Report post Posted August 4, 2011 I've called it again. http://www.housepricecrash.co.uk/forum/index.php?showtopic=165524 Quote Share this post Link to post Share on other sites
Stay Beautiful Report post Posted August 4, 2011 interest rate rises What are those? Quote Share this post Link to post Share on other sites
libspero Report post Posted August 4, 2011 Shoot.. missed it. Anyone know if it's on iplayer yet, I can't see it Quote Share this post Link to post Share on other sites
scepticus Report post Posted August 4, 2011 Writes the knight who says NIRP haha, very good Quote Share this post Link to post Share on other sites
libspero Report post 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 Share this post Link to post Share on other sites
scepticus Report post 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 Share this post Link to post Share on other sites
tinker Report post Posted August 4, 2011 Writes the knight who says NIRP OK what is NIRP? Quote Share this post Link to post Share on other sites
'Bart' Report post Posted August 4, 2011 What are those? It's been so long I've forgotten as well. Quote Share this post Link to post Share on other sites
scepticus Report post Posted August 4, 2011 OK what is NIRP? Quote Share this post Link to post Share on other sites
