Adam Fergusson: Inflating your Economy is Playing with Fire

[PenguinProseMedia]

When Money Dies, just read it and it sounds like America in 5 years

[yaahme]

At 29:00 it is pointed out that Democracy and by default Capitalism are blamed for financial disaster...the clueless OWS protesters are being shilled by Soros types to overturn America into a centralized control and planned commie type government...same shit as Germany when Hitler took the reigns.

Beware.

Elect Ron Paul 2012 to End the Fed to return America to sound principles of proven Constitutionality that many have fought and died for.

[lilbromarky1]

What Adam says around the 32:00 mark and forward is the most important take away. He's basically showing that there's a human/chaotic variable in all of this and its not 100% predictable if the confidence is lost or not.

I think if we get to a formally announced QE3 that will be the point at which I will say we've crossed the line into the abyss. Right now its still salvagable if we spread the devaluation of the dollar out over the next 10 or 20 years. Any swan event could trigger though

[lilbromarky1]

Dear Adam Fergusson: I read your book when money dies. Enjoyed it very much although the outcome was painful for those living back then. I wrote an unofficial book report about it on Turd Ferguson's current events forum trying to share the most interesting points with others. If you care to, google search "tf metals adam fergusson" and let me know if i got it right :) Its the first page result. Thanks again and best wishes!

[freesk8]

I just finished reading MR Fergusson's book.

Its a good one.

Thanks for the great video!

[timemachinetech]

@ 1:54 "Germany" did not exist in 1914 as a country. 99% of your history is a bad joke on you.

[republicunderground]

@timemachinetech go to wiki to see a picture of a map of germany in 1792

that being said what you are arguing is the form of government which Germany had, not of it being a country

[Joe11Blue]

@timemachinetech He was speaking about the Germanic Empire that has been around since the days of Rome.

[solojam]

when we have low interest rates the government is rewarding spenders and killing savers

put your wealth into gold and silver folks, save your purchasing power and give the government a big F U!

[ik999]

@solojam and then deflation will strike, gold will tumble down to $400, silver to $13. those who held dollars will buy everything up while people like you will be forced to sell for pennies on the dollar. good luck with that.

[solojam]

@ik999 ya since the us dollar has been doing fantastic, losing 98% of its value since 1913.... lol u fucking dolt

[ik999]

@solojam 1913 to 2011 is 98 years. perhaps 20 years from now, the dollar will be dead, and the purchasing power of gold will be 100 times what it is now. but can you wait that long? what about the time in between? If we have a severe deflation in the next few years, will you be prepared for the circumstances?

[solojam]

@ik999 ya dont worry im a financial advisor, i make money no matter what happens...

also i starting accumulating silver @ 13, im fine, alot of others are not

[blindtimes]

@ik999 I think this individual hasn't explained himself well but I agree with him, also many people invest in precious metals to protect against debasing of the dollar and when inflation happens. Hypothetically what would you say happens first inflation or deflation. Considering the so called financial experts feel the only way to get out of turmoil is consumer confidence and spending... ideally lack of jobs and rising unemployment would equal affordable real estate, food, ect but it does not.

[ik999]

@blindtimes the "so called financial experts" don't run the show. the Federal Reserve runs the show, and they are owned by the private banks. you can bet your lucky stars that these banks know proper economics. they will cause a sharp and dramatic deflation so that they can buy up everyone's assets for pennies on the dollar. then, after that, we will see inflation set in.

[blindtimes]

@ik999 i think that is a possibility the only thing i found unanimous with many people who own physical precious metals is two things: One - More and more people won't sell initially (like that brief period where gold went from $1800 to $1550) more people would buy more at those "valleys" unless the hit was from its current price of $1750 to $400 but even myself i wouldnt take that big of a hit to sell - this is why i don't advocate throwing your life savings into it.

[blindtimes]

@ik999 The second thing is that for me precious metals are a reserve currency - regardless; internationally (where its still valued heavily - see china) so it being devalued or made illegal wouldn't change its purpose. For many it serves like how a retirement investment works as a 'long term monetary gain", at the same it has its fluctuations like any other stock on the market. Is there volatility, uncertainty, risk with precious metals - Yes , but way way more with the paper currency

[blindtimes]

@ik999 I think that the whole idea of a one world currency as monumentally failed if that was a plan. I could easily see countries like Greece and Italy going back to there currencies. Really it was a failed attempt to make them equal with stronger countries such as Germany. As for paper currency, in almost all countries the printing of money + unlimited credit to borrow has created infinite amounts of money which translates into weaker buying power. --> Continued

[blindtimes]

@ik999 Regardless of which country you are from you competing in a world market where your almost always at the reliance of another country for some good or service. With these exchanges you have set agreements and set parameters such as certain prices your selling something for. We're seeing now that this manipulation doesn't go over well in countries like China or Iran where they would rather have oil be sold in other dollars besides U.S. (as an example)