Comments on: Classic Videos: Hyperinflation Nation 2/3

By: Jack

Jack — Fri, 26 Mar 2010 18:46:29 +0000

The more I see and read and learn, truth gone, republic gone, spending out of control check, taxing buisness out of business phase 1 complete. Time to hunker down. I now start spending to defend my family ASAP. Good Luck, I am gonna lay low and prepare. Hoping and working for the best but prepareing for what I know is coming. USA 1776-2010 RIP

By: CompassionateFascist

CompassionateFascist — Thu, 25 Mar 2010 02:42:02 +0000

Instructive video, interesting posts. But people need to start thinking outside the (economic) box. There’s a wild card in this deck: the Iran War. Which – given the values and interests of a certain powerful group entitlement which controls the financing and media traction of most of our politicians – will begin with a US or US/Israel attack on that nation around about late 2011-early 2012. With the Persian Gulf, maybe most of the Middle East a war zone, oil goes to $200+/barrel, angry China and Japan shed dollars, dollar gets run then turns into wallpaper as US pyramid scheme economy collapses. Amid chaos, militia activity, state secession efforts escalate. Mid-2012: Obama regime declares martial law, attempts gun confiscation. Civil War II begins. Stay tuned, amd start stockpiling.

By: Gargamel

Gargamel — Mon, 22 Mar 2010 20:32:55 +0000

I am withdrawing my 401K and spending it while I still have the opportunity. Every where you look there is another ponzi scheme. 401k, social security, now health care. This is so obviously going wrong it is impossible to ignore. Hope for the best and prepare for the worst.

By: khl

khl — Mon, 22 Mar 2010 03:30:01 +0000

The money is starting to find its way out. I was at a recent mortgage bank conference. There were half a dozen banks beginning to make jumbos again. In addition, the Fed is lying about the money supply. Demand deposit accounts with sweep features are considered time deposits, rather than demand deposits. Even though the money can be withdrawn at any time. This artificially decreases M1 and therefore the money supply.

By: John Rubino

John Rubino — Mon, 22 Mar 2010 02:48:03 +0000

Bruce,

Here’s James Turk’s response:

John

I don’t understand either why deposit currency created by the Fed is not part of M1, which is the point of my article. Because it is not included, M1 is understated.

Regards

James

By: Bruce C.

Bruce C. — Mon, 22 Mar 2010 01:17:52 +0000

QUESTION FOR JOHN:

I was reading the article at Free Gold Money Report called “US Dollar Money Supply is Underreported” (http://www.fgmr.com/us-dollar-money-supply-is-underreported.html) and I don’t understand why deposit currency created by the Fed is not part of M1, since M1 includes “deposit currency within the banking system”. Are the Reserve banks not considered part of the banking system?

By: Jack

Jack — Sun, 21 Mar 2010 21:09:24 +0000

It is corrpution of the spirit that will doom us to hyperinflation. Americians want things we love things, campers, boats 4 wheelers, motorcycles ect… it is how we define sucess. That love of things leads to love of money. The money will begin to get to the spenders again, we the people will demand it. Fractional banking will ratio out to 20 or 30 to 1. (talk about risk) Will the fed raise intrest rates, eventually yes. Then as in the vid taxes will increase to cover intrest, consumer spending will fall. Then what will we do? Print more money? You’re thinking this all sounds like a confused mess, you are right. In the midst of confusion and moral decay, it will fall apart. When who knows but I don’t think it is to far away.

By: Bruce C.

Bruce C. — Sun, 21 Mar 2010 16:19:38 +0000

Brad,

First of all I’m sorry to hear about your family’s situations. All of that is actually true for me as well, and for a lot of people I know. Nevertheless, an odd sort of schism is going on.

For example, I’m a home builder/remodeler and have virtually no work. However, I talk to my subs and they’re very busy but it’s all service and repair work. In fact, they want to hire more people but few want to work or are under-qualified.

Here’s another: A friend of mine manages a country club for a large middle class development and needs to hire another staffer. She says its a normal/good part-time job for a young person in that area (20-30 hours per week at $9/hr.) She advertised that offer for over 2 weeks to over 1100 homes in the community and only one person responded. She says that a year or two ago at least 10 would have responded within days. She offered the girl a job, but the girl turned it down because she found a full-time job somewhere else. (Also, as an aside, there a very few delinquencies of club dues now, unlike last year.)

Pardon all the detail, but those are microcosms of what going on now. Go figure.

By: kenny

kenny — Sun, 21 Mar 2010 05:37:09 +0000

A wheelbarrow of money for a loaf of bread……….read it it’s in Revelations

By: tyler

tyler — Sun, 21 Mar 2010 04:40:54 +0000

This site says “precious metals news” it should say gold news. Im gonna laugh my ass off when silver outperforms gold by a lot. Gold is not the best precious metal.