62 responses so far ↓

• BlackDouglas

  Aug 19, 2009 at 7:31 am

  

  Anyone on the hyperinflation argument -

  I have listened to Marc Faber and many others talk about ‘hyperinflation’ coming because of all the printed money. It’s not getting out of the banks though. They are keeping it because they need to improve their balance sheets. So, I’m not sure there’ll be hyper-inflation in the real economy.

  Perhaps it may come from overseas bond-holders selling and then getting out and then buying foreign currency. That total is around 3-4 trillion, no? Can that me ‘mopped up’ with interest rate hikes?

  The problem with this is that the ordinary taxpayer can’t afford these hikes and who are actually being starved of cash.

  So, are we not looking at a devaluation rather than hyperinflation?
• Phil

  Aug 19, 2009 at 7:32 am

  

  German Weimar Republic in the early 1920s and the U.S. – Troubling similarities

  There’s a possibility of something similar (but not as severe) happening in the U.S. – we’d rather at least mention it than not.
  The parallel to the German war reparations is the derivatives area today.
  Don’t shoot the messenger, we didn’t invent the facts below.

  http://www.nowandfutures.com/us_weimar.html
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  VERY good read … and useful comparison IMO !
• Douglas aka Thunder Preacher

  Aug 19, 2009 at 7:34 am

  

  @AM

  Join the Pirate Party and try to steer its bow into the right direction! I agree with you. I think that a true pirate party should be a breeding place of ideas on (m)any issues and have the liberty to put those ideas forward into the commons and interact in the pirating of those ideas.

  @Max & Jan

  Thanks for the support! We have no time to waste.
• stacyherbert

  Aug 19, 2009 at 8:54 am

  

  @Mother Earth – the single biggest cost in any documentary style production will be the travel to and from locations and interviewees; it’s really difficult to cut costs on that any further than flying on dodgy airlines and hiring dilapidated rental cars and staying in fleabag hotels
• frances snoot

  Aug 19, 2009 at 11:19 am

  

  @BlackDouglas:
  George Soros interview to answer your question about mopping:
  http://www.youtube.com/watch?v=mHV0KBtOnXs
• frances snoot

  Aug 19, 2009 at 11:28 am

  

  @BlackDouglas:
  My question: What happens to the currency if the Fed is declared insolvent due to an audit?

  Hyperinflation happens when money vectors rapidly through the real economy.

  But a dollar devaluation would produce the same results.

  The FDIC will be doing more than the Fed anyway with bank closures and guaranteed deposits. The money does not exist in a fund; the Treasury market is dead; so won’t the aide given to depositers be inflationary? (Fed will be printing money) Looks like a bonanza of bank closures are looming with the commercial real estate collapse.

  The Fed won’t buy any more treasuries after October (above board anyway):
  http://www.newyorkfed.org/markets/pomo_faq.html

  Consumer panic or currency devaluation?
• geopol

  Aug 19, 2009 at 4:05 pm

  

  “The story is told that after he had been deported to Italy, Lucky Luciano granted an interview in which he described a visit to the floor of the New York Stock Exchange. When the operations of floor specialists had been explained to him, he said, ‘A terrible thing happened. I realized I’d joined the wrong mob’” (1Ney, 8).
• Mini US

  Aug 19, 2009 at 5:42 pm

  

  @Black Douglas
  Good questions one and all.
  I just watched the Soros I/V which then led me to watch similar I/V’s with Buffett, Branson, etc.
  The general consensus seems to be……
  Aaaaaaraggghhhhhhh!!!!
  1. Deflation – Current
  This is so the wealthy can buy up cheap assets. ie China stockpile. Commodities may not seem so cheap now but wait a year or two, look back and you will see.
  2. Some sort of $US collapse gradual or sudden(its already happening)
  3.Call it what you like Inflation/Hyperinflation/Stagflation. They all have the word ‘flation’ in them. That is prices going up.
  Peter Schiff describes it as Hyperinflation during a depression. Sounds bad huh?
  Warren Buffett says “We will get through it as we have in the past”.
  Sure Warren, can I come for dinner at your place while all this is going on?
• frances snoot

  Aug 19, 2009 at 6:28 pm

  

  @Mini:
  Warren Buffet…what’s his real name?
• frances snoot

  Aug 19, 2009 at 7:34 pm

  

  “The dollar’s destiny lies with Congress.”

  Last sentence of Warren’s op-ed essay. Is Buffet trying to scapegoat Congress by laying the blame for a collapse dollar at their door?
• T

  Aug 20, 2009 at 2:33 pm

  

  Any chance the Pirate Party will come to the States?
• T

  Aug 20, 2009 at 2:34 pm

  

  Yes, I know that’s a silly question. But then again, in this Global Depression (send a memo to Geithner and Bernanke re: this), you need all the comedy you can get.