Hyperinflation Nation starring Peter Schiff, Ron Paul, Jim Rogers, Tom Woods, Gerald Celente, and others. Prepare now before the US dollar is worthless
More videos here: http://www.youtube.com/user/InflationUS
While yesterday's US stock market close was poor, Asia and Europe didn't follow today as debt in Greece, Spain, Portugal, etc... rallied, their CDS narrowed and stocks bounced. The Greek finance minister said January tax revenues came in above expectations and that spending was below target for the month and said "that means the deficit reduction for January is well within what we have promised." The euro is rising in turn. Also helping is the story that Trichet is headed to the European Union leaders summit a day early in order to address Greece's problems even as the Greek finance...
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June 29th, 2009 at 9:54 am
These are some very smart people making what is the easiest call in the world: inflation/hyperinflation. And if for no other reason than that it will most likely confuse us all and be wrong.
June 29th, 2009 at 10:30 am
ben22,
Those “smart people” made an easy call about our collapsing economy for years, and that didn’t necessarily make them wrong. I don’t see why stating the obvious makes it unlikely that it will happen.
June 29th, 2009 at 9:46 pm
inflation will only happen through monetary policy, while deflation is currently happening in the real economy. Predicting inflation is like saying when will helicopter ben up the ante in buying t-bills. Deflation is watching the jobs shrink and wages shrink along with them. How can less job and lower wages lead to inflation? It can’t. Just wait – when inflation starts, which it might, we will know it. China will scream even louder than they are now. It isn’t happening yet.
BTW – if the inflation rate is 2% annually does anyone realize how long it will take to double? We as a country don’t understand the nature of compounding.
June 29th, 2009 at 11:20 pm
I’m not that smart but I don’t mind calling for lots of inflation. Hey maybe it’ll come true now…