The Nikkei 225 has gone up like 40% since JANUARY!.
Money is flowing out of the bond market.
The Yen has devalued 25% this year.
25% devaluation when the year is almost halfway over is pointing towards something. I wonder if we will see more of this same trend, only growing exponentially faster.
In Weimar Germany, the stock market was one of the first refuges as people exited cash and bonds.
Let’s put it this [...]
Are we heading towards an Economic Collapse? Preparing for Financial Armageddon
Our county sits at over 16 trillion dollars in debt, with unfunded obligations that make the actual debt number about $120 trillion. The reality of the situation is there’s really no way out of the situation. Our government, thanks to both political parties, has spent us into a hole that we cannot dig ourselves out of. The facts, that nobody [...]
Feb 26, 2013
Whenever I endeavor to explain America’s current economic situation to a person who likely receives most of his information from skewed mainstream news sources, I try to use two comparisons; the Great Depression, and Weimar Germany, because what we are experiencing is actually a combination of elements from both events. Some people, unfortunately, have little understanding of the Weimar hyperinflationary crisis, but at the very least, [...]
Nothing At All, Then All at Once
by Adrian Ash
Friday, 8 February 2013
Where money was tight, suddenly it’s all arrived at once. Just like trouble does…
EVERYWHERE we look, investors suddenly see nothing but blue skies, plain sailing ahead. Their change of heart makes us nervous, writes Adrian Ash at BullionVault.
New York’s S&P index is back where it stood in July 2007 – right before the global credit crunch first bit, eating [...]
by Phoenix Capital Research
The US Fed is committed to keeping interest rates low for the simple fact that if interest rates were to rise then the payments on the debt would send the US into an EU-syle debt crisis along with the commensurate intense austerity measures being implemented.
Unfortunately for the Fed, the bond markets may indeed force this in spite of the Fed’s efforts.
Weimar Germany, like most historic episodes of [...]
Last week’s news that the Bank of England had stopped Quantitative Easing early because it was not needed was a load of rubbish. The truth is that it was stopped early because MORE COUNTERFEITING WAS NEEDED, and the BOE figured out a way to directly monetize the debt, while out of public scrutiny.
QE will continue TO INFINITY….AND BEYOND!!! on both sides of the pond.
The MSM story actually comares the practice to Weimar [...]
Imagine prices at the food store and gas pump not just going up a few cents at a time, but doubling in a matter of months, weeks, or even days.
October 16, 2012
David Zeiler: Too few understand just how disruptive hyperinflation in America would be. Truth is, it would be a nightmare.
In an episode of hyperinflation, money loses value so rapidly that people spend it as quickly as possible, which only feeds the cycle [...]
Our friend Sean from SGTReport.com has released an interview with James Turk, Founder of GoldMoney from Spain discussing how the FED’s latest actions spell doom for the Dollar. James reminds us that what is happening in the United States RIGHT NOW thanks to the privately owned Central Bank always ends the same way: In disaster for the currency.
We’ve seen it before: Weimar Germany, Zimbabwe, Argentina, Serbia… and we’ll soon see it in AmeriKa. James also revisits [...]
What is it that makes Keynesians so insanely self destructive? Is it their mindless blind faith in the power of government? Their unfortunate ignorance of the mechanics of monetary stimulus? Their pompous self-righteousness derived from years of intellectual idiocy? Actually, I suspect all of these factors play a role. Needless to say, many of them truly believe that the strategy of fiat injection is viable, even though years of application [...]
Today legendary value investor Jean-Marie Eveillard, who oversees $60 billion, warned King World News that we are headed towards runaway inflation and an economy that will be become paralyzed by the enormous distortions created by this inflation. Here is what Eveillard had to say: “Inflation creates enormous distortions, and if you take the extreme example of Weimar Germany in the early 30s, it (inflation) paralyzes and almost destroys economic activity because [...]
The financial chess game in Europe is still being played out, but in the end it is going to boil down to one very fundamental decision. Is Germany going to allow the ECB to print up trillions of euros and use those euros to buy up the sovereign debt of troubled eurozone members such as Spain and Italy or not? Nothing short of this is going to solve the [...]
It seems to me that hyperinflation is not assured.
The central banks are playing an impossible game. They are trying to inflate about as much as the economy deflates, to keep everything in “balance”. Notice I said impossible.
If they over do it just a bit, we get a rapid positve feedback loop and end up in hyperinflation, as we saw in Weimar Germany.
If they under do it just a bit, we [...]
What we are witnessing is the Great Depression of the XXI Century. Recession is such a mild soothing word used by the manipulative Mainstream media to continue to tell the Sheeple that everything is alright.
With an unemployment rate of 23% and nearly $211 Trillion in Debt the United States along with the Eurozone Debt Crisis (PIIGS) is going to lead to a chain reaction. The [...]
James Turk interviews Edwin Vieira, author of “Pieces of Eight: The Monetary Powers and Disabilities of the United States Constitution”. For more info visit http://www.goldmoney.com/goldmoney-foundation/books.html
Edwin talks about how his book came to be and the new editions. He explains the role that the gold commission hearings and Ron Paul played. He also says how important and urgent monetary reform is for the United States [...]
James Turk of the GoldMoney Foundation speaks about currency devaluation and the rising gold price. How the gold price is rising against all major currencies and monetary policy is political, having abandoned all pretence of seeking monetary stability. He warns of the dangers of a hyperinflationary crisis. James also explains why gold should be considered money and not an investment.
He also talks of the coming [...]
Historically this has happened throughout pockets of the world. Weimar Germany and recently Zimbabwe are two obvious examples, but in these particular currency crisis, the US dollar was a way out. This upcoming monetary crisis will be different.
The must watch 5 minutes from today’s second day of Bernanke hearings before congress is the following interaction between the Chairman and his archnemesis: Ron Paul. The first brilliant rebuttal by Ron Paul has to do with the ongoing “Federal Reserve lecturing” on why Congress should not allow out of control deficits to escalate. As Paul so correctly put its, “the Congress and the [...]
by Graham Summers
Due to the overwhelming number of emails I received in response to yesterdayâ€™s article detailing the derivatives market, Iâ€™ve decided to write a follow up article focusing on the implications of this $200+ trillion behemoth on the rest of the financial markets
The primary question Iâ€™m receiving from readers is, does deflation pose a REAL risk today?
My response is absolutely. Remember, the entire financial system is [...]
Earlier today I wrote a piece forecasting the end of the Euro. At that time, I speculated that the Euro would be broken up within the next year.
Then I looked at the US Dollarâ€™s chart.
I’ve said before that the US Dollar was in BIG trouble… but as of tonight, it’s on DEFCON 1 RED ALERT TROUBLE.
As the below chart shows, the greenback needs to rally and rally hard [...]
A money is a thing that nearly everybody in a given territory will accept. That’s the definition given by Rothbard, and that’s the definition supported by facts and history. Everybody accepts dollars, euros or francs suisses. Nobody accepts gold or silver as payment. And even if they wanted to, they could not because there are legal tender laws.
The general [...]
No one seems to want to write about it, but in Weimar Germany, deflation preceded the hyper-inflation. After WWI, Germany was on the brink of economic armageddon. There was actually a world wide depression in 1920, and prices in Germany plunged. The conservative German government, in reaction to the huge debt burden of reparations, instituted severe austerity programs. This brought dire economic consequences to a country where prices and wages [...]