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Remember several years ago when all the Schiffbots were high on gold because hyperinflation was on its way? Gee, I wonder what the bogeyman is gonna be now that the US dollar is at an all time high.
It is called deflation, and we are in the throes of it.
The Fed has done everything possible, along with every other central bank in the world, to ignite inflation (The US Treasury stands to be one of the primary beneficiaries of inflation as they are HUGELY in debt and would love to begin paying that down with inflated dollars) but so far, there isn't even a whiff of inflation to be found.
Schiff...and the nutjob from Switzerland, Mark whatever, haven't been correct about gold and inflation, nor the US Dollar, for at least a decade.
By the way, Schiff comes from a family of criminals. Why in the world would anyone listen to anything he has to say?
It's coming....I just don't know when. How will the Federal Govt payback the debt? Someday institutions will require much higher rates before loaning them money, and some will flat want their money returned. But how do you repay that money if there's no one loaning you the money to do it. Answer: if you're a private company, you declare bankruptcy; if you're a government and have a printing press....you print money until you run out of ink. In effect you're repaying money with cheaper money. This is hyperinflationary.
The multi-trillion dollar question is when does this happen? 5 years? 15 years? 50 years? 100 years? I have no idea....except that it will happen----mathematically and economically it has to. How much does federal government have to borrow annually to fund the deficit? Multiply that total debt figure by 1.04% (roughly the rate of 30 yr. T-bond)-----by the number of years in question---say 20 years---and you obviously get a much bigger number----question is will pension funds, China, Middle East, university endowments, and hedge funds loan that money at a "reasonable" interest rate, or will they demand repayment?
The really interesting thing---the above scenario is going to happen to Europe and Japan well before it hits USA. What kind of effect will that have on US stock and bond markets??? Fascinating stuff.
Same as muslim takeover, 1000 point DOW, FEMA concentration camps, revocation of voting rights, gun confiscation, reeducation camps, 30% unemployment, food riots, city people raiding farms and all the other stuff certain people forecasted.
It's coming. It is not too late to fill your garage with guns, ammo and canned food.
Same as muslim takeover, 1000 point DOW, FEMA concentration camps, revocation of voting rights, gun confiscation, reeducation camps, 30% unemployment, food riots, city people raiding farms and all the other stuff certain people forecasted.
It's coming. It is not too late to fill your garage with guns, ammo and canned food.
Says the person who supports the party that declared Republicans want to bring back slavery, want children with downs syndrome to fend for themselves, want black people hanging from trees, want to establish a theocracy in America, etc.
Sorry but your sarcasm falls flat on its face given the outrageous trash that your side of the aisle has been shoveling out for years.
Same as muslim takeover, 1000 point DOW, FEMA concentration camps, revocation of voting rights, gun confiscation, reeducation camps, 30% unemployment, food riots, city people raiding farms and all the other stuff certain people forecasted.
That's all going to occur during Obama's third and fourth terms. Why do you think Eric Holder has been funnelling arms to ACORN units led by New Black Panthers, while also creating "false flag" events like Newtown and Ferguson? It's all in the service of Dear Leader King Obama's Islamo-Marxo-Blacko-Atheisto-Gayo-Commie agenda!
It is called deflation, and we are in the throes of it.
The Fed has done everything possible, along with every other central bank in the world, to ignite inflation (The US Treasury stands to be one of the primary beneficiaries of inflation as they are HUGELY in debt and would love to begin paying that down with inflated dollars) but so far, there isn't even a whiff of inflation to be found.
Schiff...and the nutjob from Switzerland, Mark whatever, haven't been correct about gold and inflation, nor the US Dollar, for at least a decade.
By the way, Schiff comes from a family of criminals. Why in the world would anyone listen to anything he has to say?
If you don't want deflation then you need higher wages. The only way to get enough of that at present is with the minimum wage law.
Same as muslim takeover, 1000 point DOW, FEMA concentration camps, revocation of voting rights, gun confiscation, reeducation camps, 30% unemployment, food riots, city people raiding farms and all the other stuff certain people forecasted.
It's coming. It is not too late to fill your garage with guns, ammo and canned food.
48% of Brits want to get out of the country because of the Muslim take over by 2050. The rest
Says the person who supports the party that declared Republicans want to bring back slavery, want children with downs syndrome to fend for themselves, want black people hanging from trees, want to establish a theocracy in America, etc.
Sorry but your sarcasm falls flat on its face given the outrageous trash that your side of the aisle has been shoveling out for years.
I have no clue what you are trying to say.
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