Today, I heard Bob Brinker (from Money Talk) PRAISING Ben Bernanke and the FED. At the same time, he says disparaging remarks about people who want to end the FED. He claims that these people don't understand Monetary Policy at all. Brinker also said that if our Money System was run by Congress, as The Constitution stipulates, our Economy would be in an absolute shambles.
What do you think? Should Bob Brinker's comments be taken seriously or has he gone off the deep end?
Looking at bernanke is a waste of time. hes a puppet. This established banking / government cartel is just a group of sick, sadistic luciferians. I know most people don't think that ,but they are satan-worshippers, pedophiles and worse.
They want the banks to collapse so that the central bank can buy them all up strengthen their control grid. The Fed, or more accurately, the international bankers behind the fed, have plenty of money. The Fed is just a front for their massive, undisclosed wealth. When the country goes down, they will be just fine. We don't know all of the places that these globalists are hiding their money or how much of it they really have.
still think they're just "INCOMPETENT"? Still think the fed is trying real hard but they're just INCOMPETENT? Still think they're not destroying the economy ON PURPOSE? Still think DAVID ICKE is a "NUT"? Still think these freaks don't WORSHIP SATAN? Keep thinking that.
What makes you think that - after the bank holiday - there won't be inflation adjusted protection for those in charge for mortgages, car and student loans, credit cards, etc.
There are a lot of good points here. It is true that getting paid in inflated dollars is not beneficial to the banks IF that was the only factor. Since the banks have sold so many of the mortgages off as mortgage backed securities, they are not losing nearly as significantly as the holder of those securities (many of them foreigners). Further, inflating the currency salves the system (better than the alternative). Lastly, the bankers still get their bonuses... (cont.)
(cont.) but the shareholders (general public) get the loosing value of the shares (which will also be inflated offsetting their loss). Lastly, if the banks don't get the profit (in true value) from the inflated payback, whatever value that goes in will still be extracted while the banks will be said to be "too big to fail", requiring the taxpayers to continue to guarantee their existence. The transfer of wealth to bankers continues and the system survives.
I agree. They will create hyperinflation. As Denninger pointed out, Bernanke has already monitized the debt (indirectly, I believe - but I don't believe that matters). So, when Bernanke says they won't monitize, he's lying. Deflation is not an alternative for the bankers because people will just walk away from their obligations. They will try to create more bubbles and eventually our treasuries get dumped.
I suppose Karl, that you have never reversed your position after 8 years. What a moron. Seriously.
"The purpose of the Market Ticker is to force all of you to listen to me pontificate on any subject, and god forbid anyone challenge any of my ideas, because I am always right concerning any moral delimma."
I agree in essence but. since people don't care about Greece (after all it is their lives, not your own), from that on would reason that people would not care about Freddie mac and Fannie may. And if you use this as an reason, the rest of your argument falls. (Not that you are wrong, but the logical step is missing)
Karl's right. If u hyper-inflate - there is an alternative where to park money other then US $. It's not 1950. The more taxation is coming and spending cuts too. They will still try to prop the housing market coz property tax revenue. It's not going to work. The huge mass demonstrations r coming, Joe Stack was just a warm up. The economic & currency war is already underway. The deflationary spiral is unstoppable. The stimulus was just to slow it down. Systemic collapse will lead to violence.
the IMF is correct. monetizing the debt WOULD work IF the whole world could agree to do it simultaneously and by the same amounts. The only reason a government would insist on NOT monetizing the debt is because doing so would screw over the banking system. Or they don't like the agreement the other countries want. There are hard times a coming. And there are some very vicious trade wars coming.
Let's say for example the government stopped illegally propping up these industries and let the "the cards fall where they may"
A sharp correction happens. Extreme deflation occurs. To the tune of 20 trillion overall. (housing and stock markets etc?)
The government orders the federal reserve to create 20 trillion dollars. A retroactive cancelation of the income tax is instated from 2000-2015. Refunds are issued.
Does this create inflation if it's done after equal deflation?
He Saved the financial system guys. How can you only see the empty glass. Sure he made mistakes. But bottom line is. 2010 feb. way better that 2008. Fact. markets, credit markets. cmon man.
gristor1 - What planet do you live on. The economy isn't better for Americans where I live. Are you kidding me?
Fiat money always fail. Total debt and future entitlement obligations are 100 Trillion dollars. China can kill this country without firing a bullet. All they got to do is call in the loans and we are toast.
End the Fed and we will have prosperity. Guarenteed !
You are kidding, right? He only saved the big banks. The ones too big to fail. Feb. 2010 is not better. Record foreclosures and higher unemployment with no prospects for the unemployed to be reemployed.
All Bernanke did was delay the inevitable. Sooner or later the market must take care of these problems. The only thing the government can really do is paper over our troubles and try to delay them for a while.
Also, have you been paying attention to the job market? We've been losing huge sums of jobs month after month... that means things are worse, not better, than 2 years ago.
Is there any real wealth backing treasury debt in a similar way that real estate is used as security for a home loan from a bank,so if the borrower defaults,the bank then just forecloses taking possession of the real estate(real wealth),for instance,if the govt defaults on it's debt,does the Fed get to take possession of any real wealth to compensate for the loss of the money and interest that they were supposed to get from the loan?,I mean they know it's just paper and not real wealth right?
Is the interest rate on previously purchased treasury debt paid for with the money from new purchases of treasury debt causing default if purchases of treasury debt were to fall below the level needed to pay the interest?, because if there is a default on treasury debt then wouldn't there be a currency collapse since it is the faith in the govt to pay it's debt that backs a currency? and wouldn't this be a very similar but more sudden form of hyperinflation anyway?
@mlndstream Robert Prechter has very similar views on the Fed protecting the only product that it produces, but from what I can tell from Robert Prechters views, he still seems to think that default on Treasury debt is still deflationary when every time in history that I know of when a govt defaults on its debt it's currency collapses. Can anyone explain why default of US debt could be deflationary or know of any links that could explain this theory?, it would be greatly appreciated, thanks
Wait a minute. If someone could manufacture gold in unlimited amounts, wouldn't s/he NOT overproduce gold? Because they would know that surplus gold would make his/her invention basically worthless because large inflows of gold would crash gold prices? Wouldn't the smart play be to produce enough gold to manipulate the price of gold for maximum profit? Kind of like an OPEC of gold?
Good video, although I failed to see where you argument lead to anywhere but a hyperinflation prediction. Considering that inflation is an increase in the money supply, and they've doubled our money supply already with no signs of slowing down even to save themselves.
I think they believe their own propaganda, and unfortunately will continue to pursue this course beyond the safe point of return. If we're not already past that point.
Lets face it, Bernanke isa snake in the grass, he is in cahutes with the Elite, there is no point in asking questions, they will do their own thing and change the rules as be needed. Most of the US Feds should be thrown in gail and TPTB that control them.
Karl wants so desperately to be right he'll even take the word of a proven liar, twist it up neatly, and present as an attempt to call the outcome of the game long before the fat lady has sung.
Ya gotta believe that the Fed has been, and will continue to monetize their illiquid friends. But, that is not making its way into the commercial banking sector 'cause people can't/won't borrow.
I'm not worried about inflation- or deflation. I'm worried about WWIII.
Bernanke can't debase M3 (our USD), directly. He can debase M1 (China's USD), though.
He's betting they won't retaliate in a meaningful way. I wouldn't count on it. Just my opinion.
as someone who follows your ticker - it's good to hear you live. I live on the other FL coast and it sure doesn't seem to be getting any better despite the GREAT news.
So I guess if hyper-inflation is not the chosen path the only thing left is DEFAULT!
? Why are these treasury auctions doing so well still?
This comment has received too many negative votesshow
is this guy still yabbering on and on? What a smidiot
come on Karl, you can say it ...
"Wake up America !!"
You only say that about 400 times in bold, italics, caps, and all other sorts of annoying texting forms.
This guy is what the street refers to as a "smidiot" who sold his company for millions, and now has aspirations of political office - and is whipping up populist anger.
Say what you will, math dont lie, neither does Carl. To me , he is one of the few american heroes. In todays world, speak too loud against the machine and it kills you!
@WesSeid, the gov is getting desperate and they do not know what else to do. They don't want to have 5+ million hungry people with pitchforks in the next 6 months.
We can fix this, but it has to be with the government out of the way. All the gov will do is make things worse and prolong the corrections that are needed.
Timmie has already promised that the taxpayers will bail out the Fed. On Christmas Eve, Timmie blessed Ben with an unlegislated commitment of unlimited taxpayer funds for Freddie & Fannie. (Apparently the Constitution doesn't count.) The Fed holds in excess of $1.25 trillion of agency paper. Timmie gave the GSEs "whatever it takes" to make whole the agency securitizations whole, thereby repairing the Fed's balance sheet. Freddie Mac has already announced a plan to repair their securitizations.
I found a link to the Freddie press release via a Feb 10 ticker titled "Are You Sitting Down?". In that press release, Freddie announced that the severely defaulted mortgages in their securitized paper will be replaced with performing mortgages. Additionally, Freddie will continue to buy mortgages for securitization through March 4th. Translation: The taxpayer will be used to wipe clean the Fed's balance sheet while traveling through the black hole of debt.
Plus, the banks get to shove off bad mortgages onto us via Freddie until the close of business on March 4th.
Bernanke was scheduled to testify on the Fed's exit strategy on the same day as that Freddie release. In his written testimony (posted on the Fed's website), Bernanke stated that the Fed will allow some of the agency paper to run off, but will sell much of it.
The Fed won't get stuck with imploding debt. The hot potato has been passed to the taxpayer.
Bernanke does not have to "credible threaten to print/monetize debt" anymore because he will now actually have to, in the coming years. So now he have to say the opposite.
Here in the UK among the plethora of liars that populate our government we have a statement by Robert Stheeman,head of UK Debt Management,no that is not made up,"Investos derive a lot of comfort that there ia agreement across the spectrum thet the deficit needs to be brought under control".The weasel word are "brought under control".So if you expect to receive your money back from the UK you can cling to your "brought under control"until the cows come home!
A central bank will have the power to create money, legally or illegally, and not use it? Would be the first time since 1694. The $500k loan example is a bad one. Banks are worse off if deflation happens. More people default on loans writing them off completely. Fewer loans made. With inflation, the loan might be worth only a loaf of bread, but as time goes by thousands of new inflation era loans are created that can keep a bank above water. It is, and always will be, inflate or die.
The problem with inflation is that even though the supply of money and cost of living goes up, income is going down so average people are going to suffer.
Karl - excellent video analysis, as usual. Please get back to doing more of these - perhaps 1-per week to accompany the many Tickers you write up for all of us out here. I've really become a fan of your factual // rational look at these economic matters, and have taken to sharing some of them with my family and friends - - - they like them too ! So please keep the great perspective coming. A+
Its kind of hard for me to understand some of the market stuff when it gets really in depth, if there won't be hyper inflation then what are we buckling up for exactly? All I know is that its going to be bad but can someone please clarify what this means?
Well there is a fear that our currency will be dropped as the world's reserve currency.
Once that happens value of the dollar will drop like a rock. Though its just one possible outcome. Gold retains its value no matter which way the market goes. Though just because the Fed realizes whats going on doesn't mean the Congress or the Administration knows what may happen.
Exactly right. The Fed has NO CHOICE but to hyperinflate. Bernake himself (heliicopter Ben) said that he'd do that (before he said he wouldn't). There is simply no other choice but to try to inflate our way out of this. Rather, hyperinflate our way out of this.
There will either be massive defaults (especially in government after their over-taxed/over-raped victims are all dried up) or there will be massive devaluation of the currencies. If you are right, Mr. Denninger, then the government will default... taxing us to death first. But, if that happens, other governments will follow suit and everyone will lose confidence in all governments... the vampire squids must inflate to keep the system alive.
Debt is the very essence of fiat. As debt defaults, fiat is destroyed. This is where all these deflationists get their direction. Not seeing that hyperinflation is the process of saving debt at all costs, even buying it outright for cash. Deflation is impossible in today's dollar terms because policy will allow the printing of cash, if necessary, to cover every last bit of debt and dumping it on your front lawn! Worthless dollars, of course, but no deflation in dollar terms!"
I thought hyperinflation was a currency event and not policy driven. Thus, set aside what Ben says/does for a moment. What makes anyone believe the US government will ever pay back its debts? And if people don't trust our government's promises, why accept dollars in trade for oil (or anything else)? Eventually, you'll be left holding a US Time Bomb, er, Treasury Bond. The only thing that could compel me to hold US government debt is a gun to my head.
Excellent points. If the FED quits printing new money, then we are in for one hell of a depression, but how can they possibly settle out all the OTC derivatives when their isn't enough money in the world to settle them unless all the central banks print more monetary units? I'm hanging out there with a large gold position and betting on inflation and currency collapse. Please, give us your thoughts on how this monetary contraction is going to effect the price of gold in dollars. Thanks.
ok thats bad. But if we arent going to take the patch of hyper-inflation just what is it that is staring us down and what is it thats coming, deflation??
that sounded bad, I have to watch again. But hey when Hannity starts talking about the economy is unwinding you consider that mainstream. Now that I have heard it mainstream to watch out the economy could get a whole lot worse along with everyone on here saying the worst has yet to come then I think its time to watch out.
Great video Karl. As Mike Maloney says, if people who are leveraged out get to pay back their loans with hyperinflated currency...the banks lose and the little guy wins. And there are practically no cases throughout history where the banks lose. Beware of a short term deflation first...then who knows what will happen.
There is no reason to believe Bernanke. He will change his toon as soon as "exigent circumstances" require it. Bernanke is a tool of the banksters. Now that the market is at the top again, his job is to exert bearish bias. Once the market drops to new lows, the banksters will load up again (leveraged x 100), and he will print and drive their profits skyward again. Then when the next top is reached, he will cut the tap (after the banks get short). Rinse and repeat till country is ruined.
Bernanke is best taken with a grain of salt -- or better yet an entire block of salt. Without an independent audit of the fed, how will you ever know what he is really doing. With the current gov't debt levels and the social safety net, if they allow the collapse and can no longer fund FDIC and social security / medicare then the people will revolt. If they can print and keep supporting the safety net for a few more years, that is what they will do, but they will do it via the back door.
Ben says "I will not monetize the debt" Translation: "LOL suckers!!! I have been monetizing all along, and will continue to do so!" I mean really, In the words of Jim Rogers "Why would anyone listen to Bernanke?"
Karl thiniks that is a bad idea. You should go and get all your cash out of the bank and stuff it in a mattress. Then when Karls deflationary collapse finally comes (someday?) then you can take all of these nice pretty FRN's and profit handsomely from the misery and misfortune of your neighbors. Gold and Silver = Bad according to Karl. It is just a relic from a bygone era.
IF the dollar collapses, how do you turn your gold into whatever replaces it?
Remember, the government can tax (and does tax) capital gains. Let's say gold goes to $10,000/oz but the government hits you with a 90% capital gains tax (remember the top marginal rate WAS 90% not that long ago!) Now what? You just got hosed, and there isn't shit you can do about it.
But if a currency is in the process of collapsing and you had minted legal tender precious metal coins you could spend them as money directly for physical goods without having to pay any tax. But if a new currency is brought in to replace the currency any legal tender bullion coins you have may have been minted in then that could present legal issues if you were to then barter a coin that was no longer legal tender
@kdenninger Well seeing as how I don't have millions to move into gold and less than $20,000, I can just sell it for cash like the last car I owned. You can also trade gold coins directly for something of value if the currency collapses. If the currency collapses you won't get anything for dollars.
But gold is different. The system desperately needs a counterweight, and gold is it. The counter is already in place, only the weight is yet to come. And once we have seen the reset in gold as it performs its phase transition from commodity to wealth reserve, it will then chase (hyper)inflation along with the rest of the "non-dollar" world, only it will be the ONE AND ONLY THING that will be immune to the economic mess that will still need to be worked out.
You know that, and I know that. I myself have about 50% of my assets in physical gold and silver. It seems foolish to me to place a one way bet on all paper assets. I am kind of in the camp of Wepollock in that I am honest enough to admit to myself that I don't know which way this thing will unfold.
You're right. I've spent 6 solid months in the past year researching possible outcomes. No luck; essentially too much irrational behaviour. It's new territory being discussed with known logic. I'm going way, way back to an aggregate history of finance now. Physical gold and silver for me too. That is sure stuff. Good luck to you.
You are right on about Ben - he already has monitized the debt - he should just admit - and while he is at it, admit the inflation target is already at 5%
I believe Bernanke Knows exactly what he's doing ! You are watching an Orchestrated Collapse of American & World Economies by the Oligarchy of Privately Owned Central Banks so they can force through their New World Order One World Government Agenda because they know full well American Citizens & the rest of the world will have their freedom taken away even more & they are going to be a bit pissed off about it. Implode the economies & they have the control to bring in their dictatorate agendas.
Karl has also addressed that point. Watch for, this year, the stock market to collapse again down to the 5000 level in the Dow and the 400 level in the S&P. Then, as Karl has said, watch Timmy G. step in and say he will 'SAVE' the 401k's by turning them into GOVERNMENT ANNUITIES. The only catch: Gas will sell at $8 a gallon and milk will cost $6 a gallon.
@Trapster99 Sorry if I've missed something that's been said before. I'm trying to keep my eye on UK & Europe & forget sometimes. Thanks for the comment.
i gave u a thumbs up but i think karl was saying externally sourced commodities would be high-inflation? if milk's $6/gal, i'm sure alot of local/regional farmers in a stagflationary environment would have ample of incentive there, no?
gr8 comment tho; i agree.... unfortunately... for us.
Hormone/antibiotic-free raw milk is already $6-7/gal. If you ever attended a cattle auction, you would see what the factory farm dairy cows look like. They are pathetic, bizarre looking animals. The sight is enough to make you enjoy paying more for good milk.
hey drutter, i kno karl hasn't posted in a while so it'll prob take a bit to get back into his style & rhythm... that said, his point is basically short-term dislocations are guaranteed; most likely deleveraging collapse again (big$ starts to bite on the tit).
max keiser had karl on his show 2 days ago. it's 27mins and karl i think gets on around 14min mark... watch?v=S3jKsHJqOJw
perhaps a little more karl exposure will help?... :)
the timing of this series of events worked out perfectly as i just saw the max clip yesterday and just recently came to the definitive conclusion that in the ST, karl's spot on.
btw, i hav a small position in the fraudulent 2x levered AGQ ETF (double-long silver) in my TFSA. i just saw stellaconcepts vid on gold which confirms my sentiment ST for U$D & gold up during the next dislocation (think shake-out like haiti earthquake - they wanted cash stuffs only).
Looks like a plan to reduce the money supply, tighten credit and put their cash on the sidelines. This certainly will reduce economic growth and things will just get much worse in this country. No one will have money for anything - everything will deflate and eventually the small lenders will get crushed. This is the plan - consolidation. I think this has always been the plan. There will be a few banks left in the end and they will own everything that this plan (policy) has caused to deflate.
What me worry???Just start burning synthetic fuel purchased with synthetic dollars provided by a synthetic bank supported by a synthetic government that passes synthetic laws enforced by synthetic courts on your way to buy synthetic food to fill your synthetic life..something wrong with that plan? Reality.....well there's that.
FIVE STARS. I've been thinking all along that when push come to shove we would rather depress than destroy the currency. Especially now that the Euro has shown such weakness and the Asian's ain't playing ball on any world currency... yep, its time for DEFLATION.
you should post on your site more specifics for us stupid people. so hold onto dollars? they're going to completely stop monetizing? does that mean they will quit "printing" unemployment benefits???
The idea the central banksters wont hyperinflate assumes the Rockfeller and Rothchild crime syndicate that control them does not have enough gold to be the benificary of hyperinflation.
Time for a new video Karl. It has been a while and much has happened.
SeattleBeaver 1 year ago 2
Today, I heard Bob Brinker (from Money Talk) PRAISING Ben Bernanke and the FED. At the same time, he says disparaging remarks about people who want to end the FED. He claims that these people don't understand Monetary Policy at all. Brinker also said that if our Money System was run by Congress, as The Constitution stipulates, our Economy would be in an absolute shambles.
What do you think? Should Bob Brinker's comments be taken seriously or has he gone off the deep end?
q1stman 1 year ago
are you saying that Ben Bernanke LIED? Are you calling him a LIAR?!!! ;-) Gosh, golly, gee-whiz, he LIED! ;-)
TadRapidly 1 year ago
Looking at bernanke is a waste of time. hes a puppet. This established banking / government cartel is just a group of sick, sadistic luciferians. I know most people don't think that ,but they are satan-worshippers, pedophiles and worse.
TadRapidly 1 year ago 3
Are these posts going through right away?
MORCOPOLO0817 1 year ago
They want the banks to collapse so that the central bank can buy them all up strengthen their control grid. The Fed, or more accurately, the international bankers behind the fed, have plenty of money. The Fed is just a front for their massive, undisclosed wealth. When the country goes down, they will be just fine. We don't know all of the places that these globalists are hiding their money or how much of it they really have.
MORCOPOLO0817 1 year ago
still think they're just "INCOMPETENT"? Still think the fed is trying real hard but they're just INCOMPETENT? Still think they're not destroying the economy ON PURPOSE? Still think DAVID ICKE is a "NUT"? Still think these freaks don't WORSHIP SATAN? Keep thinking that.
kensho3 1 year ago 2
There is no way deflation will happen. The gold price reflects the inflation expected just now and quite a lot more to come.
There is no more honest barometer of all currencies and economies than gold and platinum.
Too bad you can't see the truth for what it is. I'm not wasting my time suscribing to this channel anymore.
ytgv3fc7 1 year ago
What makes you think that - after the bank holiday - there won't be inflation adjusted protection for those in charge for mortgages, car and student loans, credit cards, etc.
Lurie2010 1 year ago
There are a lot of good points here. It is true that getting paid in inflated dollars is not beneficial to the banks IF that was the only factor. Since the banks have sold so many of the mortgages off as mortgage backed securities, they are not losing nearly as significantly as the holder of those securities (many of them foreigners). Further, inflating the currency salves the system (better than the alternative). Lastly, the bankers still get their bonuses... (cont.)
magichandpuppet 1 year ago
(cont.) but the shareholders (general public) get the loosing value of the shares (which will also be inflated offsetting their loss). Lastly, if the banks don't get the profit (in true value) from the inflated payback, whatever value that goes in will still be extracted while the banks will be said to be "too big to fail", requiring the taxpayers to continue to guarantee their existence. The transfer of wealth to bankers continues and the system survives.
magichandpuppet 1 year ago
the USA will hyper-inflate, Mr. Denninger.
Bernanke has no real choice. He can choose what words to use but he has no choice about what actions he will (not) take.
ytgv3fc7 1 year ago
I agree. They will create hyperinflation. As Denninger pointed out, Bernanke has already monitized the debt (indirectly, I believe - but I don't believe that matters). So, when Bernanke says they won't monitize, he's lying. Deflation is not an alternative for the bankers because people will just walk away from their obligations. They will try to create more bubbles and eventually our treasuries get dumped.
hpd707 1 year ago
Wow.
I suppose Karl, that you have never reversed your position after 8 years. What a moron. Seriously.
"The purpose of the Market Ticker is to force all of you to listen to me pontificate on any subject, and god forbid anyone challenge any of my ideas, because I am always right concerning any moral delimma."
soVun 2 years ago
I agree in essence but. since people don't care about Greece (after all it is their lives, not your own), from that on would reason that people would not care about Freddie mac and Fannie may. And if you use this as an reason, the rest of your argument falls. (Not that you are wrong, but the logical step is missing)
...
jenssoderberg 2 years ago
Bernanke lies, don't listen to him, don't trust him. :)
Voy2378 2 years ago 4
Karl Denninger is Batman.
WesSeid 2 years ago 8
Keep making and posting these videos Karl! We will keep watching them and spreading them around!
truthislibertyus 2 years ago 2
Awesome need more videos !!! :})
texture6 2 years ago 7
Problem is the debt is being moneitized.
MegaUSpatriot 2 years ago 2
i vote for haircut. <3
myheadhurtsnow 2 years ago
More Videos Please.
Thanks!!! :o)
Bassmarko 2 years ago 3
Karl's right. If u hyper-inflate - there is an alternative where to park money other then US $. It's not 1950. The more taxation is coming and spending cuts too. They will still try to prop the housing market coz property tax revenue. It's not going to work. The huge mass demonstrations r coming, Joe Stack was just a warm up. The economic & currency war is already underway. The deflationary spiral is unstoppable. The stimulus was just to slow it down. Systemic collapse will lead to violence.
konshoff 2 years ago
isn't bernanke committing purjury by taking an oath and saying he is not monetizing the debt if indeed he actually is.
orangedac 2 years ago 2
I wanna see Denninger debate Schiff- The future of our monetary system, Inflation Vs. Deflation
iiiichaos 2 years ago 3
Bernanke is a con-artist and a criminal that belongs in prison!!!!
People are waking up all over to the fraudulent, criminal-terrorist government(s) everywhere!!!
End the Fed!!!
thomastholin 2 years ago
the IMF is correct. monetizing the debt WOULD work IF the whole world could agree to do it simultaneously and by the same amounts. The only reason a government would insist on NOT monetizing the debt is because doing so would screw over the banking system. Or they don't like the agreement the other countries want. There are hard times a coming. And there are some very vicious trade wars coming.
LoomisLoftis 2 years ago
Let's say for example the government stopped illegally propping up these industries and let the "the cards fall where they may"
A sharp correction happens. Extreme deflation occurs. To the tune of 20 trillion overall. (housing and stock markets etc?)
The government orders the federal reserve to create 20 trillion dollars. A retroactive cancelation of the income tax is instated from 2000-2015. Refunds are issued.
Does this create inflation if it's done after equal deflation?
ChrisKillz503 2 years ago
Bernanke should get Novel prize for economy.
He Saved the financial system guys. How can you only see the empty glass. Sure he made mistakes. But bottom line is. 2010 feb. way better that 2008. Fact. markets, credit markets. cmon man.
gristor1 2 years ago
gristor1 - What planet do you live on. The economy isn't better for Americans where I live. Are you kidding me?
Fiat money always fail. Total debt and future entitlement obligations are 100 Trillion dollars. China can kill this country without firing a bullet. All they got to do is call in the loans and we are toast.
End the Fed and we will have prosperity. Guarenteed !
fuzzybekool 2 years ago
You are kidding, right? He only saved the big banks. The ones too big to fail. Feb. 2010 is not better. Record foreclosures and higher unemployment with no prospects for the unemployed to be reemployed.
moissanitestar 2 years ago 2
All Bernanke did was delay the inevitable. Sooner or later the market must take care of these problems. The only thing the government can really do is paper over our troubles and try to delay them for a while.
Also, have you been paying attention to the job market? We've been losing huge sums of jobs month after month... that means things are worse, not better, than 2 years ago.
john2knj 2 years ago
Is there any real wealth backing treasury debt in a similar way that real estate is used as security for a home loan from a bank,so if the borrower defaults,the bank then just forecloses taking possession of the real estate(real wealth),for instance,if the govt defaults on it's debt,does the Fed get to take possession of any real wealth to compensate for the loss of the money and interest that they were supposed to get from the loan?,I mean they know it's just paper and not real wealth right?
mlndstream 2 years ago
Great video as always by the way:)
mlndstream 2 years ago
Is the interest rate on previously purchased treasury debt paid for with the money from new purchases of treasury debt causing default if purchases of treasury debt were to fall below the level needed to pay the interest?, because if there is a default on treasury debt then wouldn't there be a currency collapse since it is the faith in the govt to pay it's debt that backs a currency? and wouldn't this be a very similar but more sudden form of hyperinflation anyway?
mlndstream 2 years ago
@mlndstream Robert Prechter has very similar views on the Fed protecting the only product that it produces, but from what I can tell from Robert Prechters views, he still seems to think that default on Treasury debt is still deflationary when every time in history that I know of when a govt defaults on its debt it's currency collapses. Can anyone explain why default of US debt could be deflationary or know of any links that could explain this theory?, it would be greatly appreciated, thanks
mlndstream 2 years ago
Bernanke is very consistent; he is always wrong.
rollsthepaul 2 years ago 4
Most economists are paid very well to be 100% wrong, all the time.
moissanitestar 2 years ago 4
Worldwide mutual Devaluation of currencies 30-40%! The Pitchforks and Guillotines will be here soon... See Ben Run.....See Ben Hide!!!
Rizky06 2 years ago 6
Wait a minute. If someone could manufacture gold in unlimited amounts, wouldn't s/he NOT overproduce gold? Because they would know that surplus gold would make his/her invention basically worthless because large inflows of gold would crash gold prices? Wouldn't the smart play be to produce enough gold to manipulate the price of gold for maximum profit? Kind of like an OPEC of gold?
Paolo7219 2 years ago
Good video, although I failed to see where you argument lead to anywhere but a hyperinflation prediction. Considering that inflation is an increase in the money supply, and they've doubled our money supply already with no signs of slowing down even to save themselves.
I think they believe their own propaganda, and unfortunately will continue to pursue this course beyond the safe point of return. If we're not already past that point.
P.S. Awesome monitor setup :)
Codad 2 years ago
Karl, please make regular video updates. Thank yoU!
truthislibertyus 2 years ago 5
we know we are going down........we know it was planned.....
skybirdbird 2 years ago
Lets face it, Bernanke isa snake in the grass, he is in cahutes with the Elite, there is no point in asking questions, they will do their own thing and change the rules as be needed. Most of the US Feds should be thrown in gail and TPTB that control them.
Nexstar100 2 years ago
Karl wants so desperately to be right he'll even take the word of a proven liar, twist it up neatly, and present as an attempt to call the outcome of the game long before the fat lady has sung.
jokertim777 2 years ago
Ya gotta believe that the Fed has been, and will continue to monetize their illiquid friends. But, that is not making its way into the commercial banking sector 'cause people can't/won't borrow.
I'm not worried about inflation- or deflation. I'm worried about WWIII.
Bernanke can't debase M3 (our USD), directly. He can debase M1 (China's USD), though.
He's betting they won't retaliate in a meaningful way. I wouldn't count on it. Just my opinion.
mogodbilealadamnbama 2 years ago 5
I'm worried about WWIII, too.
mcgrawtim123 2 years ago
Thanks. You know what Einstein once said? "I don't know what weapons will be used to fight WWIII, but WWIV will be fought with sticks and stones."
He knew he'd helped create a monster, just as Woodrow Wilson did.
mogodbilealadamnbama 2 years ago
mogodbilealadamnbama
The Nuclear fallout from China alone could cause a worldwide nuclear winter!!
Rizky06 2 years ago
This assumes Bernanke want's to do the right thing and works for us.
MikePresents2 2 years ago 2
Excellent analysis and great analogies. Fav'd
Eraser7622 2 years ago 3
Your the man
soundmoneyfan 2 years ago
The other shoe is about to drop. And when it does, it ain't gonna be pretty.
mobiltec 2 years ago 2
another amazing video!
smkuhner 2 years ago 2
as someone who follows your ticker - it's good to hear you live. I live on the other FL coast and it sure doesn't seem to be getting any better despite the GREAT news.
So I guess if hyper-inflation is not the chosen path the only thing left is DEFAULT!
? Why are these treasury auctions doing so well still?
aw3212 2 years ago
Welldone Karl, good to listen to someone with common sense. Please keep it up...
blopper61 2 years ago 2
This comment has received too many negative votes show
is this guy still yabbering on and on? What a smidiot
come on Karl, you can say it ...
"Wake up America !!"
You only say that about 400 times in bold, italics, caps, and all other sorts of annoying texting forms.
This guy is what the street refers to as a "smidiot" who sold his company for millions, and now has aspirations of political office - and is whipping up populist anger.
WAKE UP AMERICA
soVun 2 years ago
Say what you will, math dont lie, neither does Carl. To me , he is one of the few american heroes. In todays world, speak too loud against the machine and it kills you!
1mealperday 2 years ago 2
Prove him wrong. I don't believe you can.
Karl tells it like it is and the truth is what makes Americans angry.
john2knj 2 years ago
what went wrong is reaganomics.
top down agregate spending?????
the stupidest thing a person can conclude in a consumer economy.
full employment makes more sense.
bottom up. we need a new Moses.
zebb1111 2 years ago
We are going to need a new Noah.
SamuraiCommando 2 years ago 3
Trickle up? I don't know about anyone else, but when I want a job, I ask the rich guy in the big office, not the homeless guy on the street corner.
Why does Obama now want to cut taxes for employers to stimulate jobs? The less you tax something, the more you get of it.
WesSeid 2 years ago
@WesSeid, the gov is getting desperate and they do not know what else to do. They don't want to have 5+ million hungry people with pitchforks in the next 6 months.
We can fix this, but it has to be with the government out of the way. All the gov will do is make things worse and prolong the corrections that are needed.
john2knj 2 years ago
Thanks Karl.
fal2grace 2 years ago 3
Thanks for your opinion, Karl.
Good to see you again.
SpringboardShop 2 years ago 5
Timmie has already promised that the taxpayers will bail out the Fed. On Christmas Eve, Timmie blessed Ben with an unlegislated commitment of unlimited taxpayer funds for Freddie & Fannie. (Apparently the Constitution doesn't count.) The Fed holds in excess of $1.25 trillion of agency paper. Timmie gave the GSEs "whatever it takes" to make whole the agency securitizations whole, thereby repairing the Fed's balance sheet. Freddie Mac has already announced a plan to repair their securitizations.
azusgm 2 years ago
I found a link to the Freddie press release via a Feb 10 ticker titled "Are You Sitting Down?". In that press release, Freddie announced that the severely defaulted mortgages in their securitized paper will be replaced with performing mortgages. Additionally, Freddie will continue to buy mortgages for securitization through March 4th. Translation: The taxpayer will be used to wipe clean the Fed's balance sheet while traveling through the black hole of debt.
azusgm 2 years ago
Plus, the banks get to shove off bad mortgages onto us via Freddie until the close of business on March 4th.
Bernanke was scheduled to testify on the Fed's exit strategy on the same day as that Freddie release. In his written testimony (posted on the Fed's website), Bernanke stated that the Fed will allow some of the agency paper to run off, but will sell much of it.
The Fed won't get stuck with imploding debt. The hot potato has been passed to the taxpayer.
Gee thanks, Timmie.
azusgm 2 years ago
Bernanke does not have to "credible threaten to print/monetize debt" anymore because he will now actually have to, in the coming years. So now he have to say the opposite.
kricke243 2 years ago
lie
bitchimastartv 2 years ago
i hope bernanke sses this !
Ubergood 2 years ago
Here in the UK among the plethora of liars that populate our government we have a statement by Robert Stheeman,head of UK Debt Management,no that is not made up,"Investos derive a lot of comfort that there ia agreement across the spectrum thet the deficit needs to be brought under control".The weasel word are "brought under control".So if you expect to receive your money back from the UK you can cling to your "brought under control"until the cows come home!
justjacqueline2004 2 years ago
' So folks, buckle up, it's not over' did you hear, we have more fun on its way ! Yahaa.. Pee A Are Tea Why !! PARTY !!
FromDimmuLand 2 years ago
I´m really interrested if the CNY isn´t allready in the stadium of a pre peg to the JYN.
Would be fun if the rise in japanese bonds being bought by foreigners´d come from chinese switching from USD support to JPY.
Precious metals being ignored for the moment.
0PsycoDad0 2 years ago
What a shambles.On the BBC business blogs there are still more than a few dreamers hoping for a bit of inflation to "ease" the economic problems!
fourteenwordsisall 2 years ago
A central bank will have the power to create money, legally or illegally, and not use it? Would be the first time since 1694. The $500k loan example is a bad one. Banks are worse off if deflation happens. More people default on loans writing them off completely. Fewer loans made. With inflation, the loan might be worth only a loaf of bread, but as time goes by thousands of new inflation era loans are created that can keep a bank above water. It is, and always will be, inflate or die.
boggy111 2 years ago
The problem with inflation is that even though the supply of money and cost of living goes up, income is going down so average people are going to suffer.
bolo34lx 2 years ago
More people need to hear this!!
FrozenPol 2 years ago
great
toshibavoodoo 2 years ago
Karl - excellent video analysis, as usual. Please get back to doing more of these - perhaps 1-per week to accompany the many Tickers you write up for all of us out here. I've really become a fan of your factual // rational look at these economic matters, and have taken to sharing some of them with my family and friends - - - they like them too ! So please keep the great perspective coming. A+
AlekTrev006 2 years ago 9
Awesome. Nice approach; keep it up.
metaltect 2 years ago
nice to see you back, i love the character you have,, best wishes from uk
weapons33 2 years ago 2
Its kind of hard for me to understand some of the market stuff when it gets really in depth, if there won't be hyper inflation then what are we buckling up for exactly? All I know is that its going to be bad but can someone please clarify what this means?
thejmeister88 2 years ago
You might want to buy one of those posters that say: ""This place is a RIOT"
Buy guns/ammo/year supply of food. Not joking - and yes, I have already done all that and more.
boprn 2 years ago
@thejmeister88
Well there is a fear that our currency will be dropped as the world's reserve currency.
Once that happens value of the dollar will drop like a rock. Though its just one possible outcome. Gold retains its value no matter which way the market goes. Though just because the Fed realizes whats going on doesn't mean the Congress or the Administration knows what may happen.
KurzLuppii 2 years ago
I ALSO ask the same question!! What is your outcome to this mess???? I think Hyperinflation, how else will the 'Governement' deal with this?
toshibavoodoo 2 years ago
Exactly right. The Fed has NO CHOICE but to hyperinflate. Bernake himself (heliicopter Ben) said that he'd do that (before he said he wouldn't). There is simply no other choice but to try to inflate our way out of this. Rather, hyperinflate our way out of this.
January132005 2 years ago
There will either be massive defaults (especially in government after their over-taxed/over-raped victims are all dried up) or there will be massive devaluation of the currencies. If you are right, Mr. Denninger, then the government will default... taxing us to death first. But, if that happens, other governments will follow suit and everyone will lose confidence in all governments... the vampire squids must inflate to keep the system alive.
magichandpuppet 2 years ago
More FOFOA,
Debt is the very essence of fiat. As debt defaults, fiat is destroyed. This is where all these deflationists get their direction. Not seeing that hyperinflation is the process of saving debt at all costs, even buying it outright for cash. Deflation is impossible in today's dollar terms because policy will allow the printing of cash, if necessary, to cover every last bit of debt and dumping it on your front lawn! Worthless dollars, of course, but no deflation in dollar terms!"
tyronebiggums3 2 years ago
I thought hyperinflation was a currency event and not policy driven. Thus, set aside what Ben says/does for a moment. What makes anyone believe the US government will ever pay back its debts? And if people don't trust our government's promises, why accept dollars in trade for oil (or anything else)? Eventually, you'll be left holding a US Time Bomb, er, Treasury Bond. The only thing that could compel me to hold US government debt is a gun to my head.
EquilibriumTheory 2 years ago
Excellent points. If the FED quits printing new money, then we are in for one hell of a depression, but how can they possibly settle out all the OTC derivatives when their isn't enough money in the world to settle them unless all the central banks print more monetary units? I'm hanging out there with a large gold position and betting on inflation and currency collapse. Please, give us your thoughts on how this monetary contraction is going to effect the price of gold in dollars. Thanks.
the11thone 2 years ago 3
ok thats bad. But if we arent going to take the patch of hyper-inflation just what is it that is staring us down and what is it thats coming, deflation??
limitedplay 2 years ago
that sounded bad, I have to watch again. But hey when Hannity starts talking about the economy is unwinding you consider that mainstream. Now that I have heard it mainstream to watch out the economy could get a whole lot worse along with everyone on here saying the worst has yet to come then I think its time to watch out.
limitedplay 2 years ago
Lets print our to prosperity, yeah thats it
NovusChaoMundi 2 years ago
Five Stars*****
Karl u r the best!
about time we see you on the screen again!
ABETRMAN 2 years ago 6
Continue to speak it Brother!!! We are listening!
The Swede!
stayingawake20 2 years ago
THANKS for sharing your thoughts!
pricetrax 2 years ago
Great video Karl. As Mike Maloney says, if people who are leveraged out get to pay back their loans with hyperinflated currency...the banks lose and the little guy wins. And there are practically no cases throughout history where the banks lose. Beware of a short term deflation first...then who knows what will happen.
whygoldandsilver 2 years ago 4
There is no reason to believe Bernanke. He will change his toon as soon as "exigent circumstances" require it. Bernanke is a tool of the banksters. Now that the market is at the top again, his job is to exert bearish bias. Once the market drops to new lows, the banksters will load up again (leveraged x 100), and he will print and drive their profits skyward again. Then when the next top is reached, he will cut the tap (after the banks get short). Rinse and repeat till country is ruined.
Iconoclast421 2 years ago 5
@Iconoclast,
"Rinse and repeat until country is ruined."
Capless bottle lying on floor of shower...
JejuLee 2 years ago
Bernanke is best taken with a grain of salt -- or better yet an entire block of salt. Without an independent audit of the fed, how will you ever know what he is really doing. With the current gov't debt levels and the social safety net, if they allow the collapse and can no longer fund FDIC and social security / medicare then the people will revolt. If they can print and keep supporting the safety net for a few more years, that is what they will do, but they will do it via the back door.
gr8mikeY 2 years ago 2
Yep thats the thing with all pyramid schemes, sooner or later reality steps in.
davids11131113 2 years ago 3
KD--Alan Blinder, former FED Vice Chairman said, "The last duty of a central banker is to tell the public the truth".
So, when Benny says he will not monetize the debt, you must understand that he is LYING.
truont 2 years ago
Ben says "I will not monetize the debt" Translation: "LOL suckers!!! I have been monetizing all along, and will continue to do so!" I mean really, In the words of Jim Rogers "Why would anyone listen to Bernanke?"
gr8mikeY 2 years ago 2
Thanks for the video, Karl.
I'm convinced... time to buy more Gold and Silver!
tyronebiggums3 2 years ago
Karl thiniks that is a bad idea. You should go and get all your cash out of the bank and stuff it in a mattress. Then when Karls deflationary collapse finally comes (someday?) then you can take all of these nice pretty FRN's and profit handsomely from the misery and misfortune of your neighbors. Gold and Silver = Bad according to Karl. It is just a relic from a bygone era.
gr8mikeY 2 years ago
I know Karl thinks that. I write that comment for every one of his videos. But everything he says screams, "get out of the dollar."
Personally, anyone not putting a portion of their liquid assets into PM is insane, in my opinion.
tyronebiggums3 2 years ago
IF the dollar collapses, how do you turn your gold into whatever replaces it?
Remember, the government can tax (and does tax) capital gains. Let's say gold goes to $10,000/oz but the government hits you with a 90% capital gains tax (remember the top marginal rate WAS 90% not that long ago!) Now what? You just got hosed, and there isn't shit you can do about it.
kdenninger 2 years ago
If that day comes, they will not get any tax from "gains" on my real money. There is shit I can do about it, and all methods will be employed.
tyronebiggums3 2 years ago
But if a currency is in the process of collapsing and you had minted legal tender precious metal coins you could spend them as money directly for physical goods without having to pay any tax. But if a new currency is brought in to replace the currency any legal tender bullion coins you have may have been minted in then that could present legal issues if you were to then barter a coin that was no longer legal tender
mlndstream 2 years ago
@kdenninger Well seeing as how I don't have millions to move into gold and less than $20,000, I can just sell it for cash like the last car I owned. You can also trade gold coins directly for something of value if the currency collapses. If the currency collapses you won't get anything for dollars.
TheMobocracy 1 year ago
From FOFOA,
But gold is different. The system desperately needs a counterweight, and gold is it. The counter is already in place, only the weight is yet to come. And once we have seen the reset in gold as it performs its phase transition from commodity to wealth reserve, it will then chase (hyper)inflation along with the rest of the "non-dollar" world, only it will be the ONE AND ONLY THING that will be immune to the economic mess that will still need to be worked out.
tyronebiggums3 2 years ago
You know that, and I know that. I myself have about 50% of my assets in physical gold and silver. It seems foolish to me to place a one way bet on all paper assets. I am kind of in the camp of Wepollock in that I am honest enough to admit to myself that I don't know which way this thing will unfold.
gr8mikeY 2 years ago 4
Couldn't agree more. I also do not know how this debacle ends, but I know that I do not want paper, alone.
tyronebiggums3 2 years ago 2
You're right. I've spent 6 solid months in the past year researching possible outcomes. No luck; essentially too much irrational behaviour. It's new territory being discussed with known logic. I'm going way, way back to an aggregate history of finance now. Physical gold and silver for me too. That is sure stuff. Good luck to you.
metaltect 2 years ago
Revolution is the only solution,my friend.
RebelRouserMC 2 years ago 3
Nice to see a video from you again, Karl!
Sage as always.
Bezz80 2 years ago
Quality over quantity
airdreamlove 2 years ago
Nice to have you back
dvrana 2 years ago
You are right on about Ben - he already has monitized the debt - he should just admit - and while he is at it, admit the inflation target is already at 5%
zeusvalentine 2 years ago
The planned 3rd worlding of america....'spread the wealth around'.
davids11131113 2 years ago
WELCOME BACK, MISSED YOUR INSIGHT!
fezz569 2 years ago
I believe Bernanke Knows exactly what he's doing ! You are watching an Orchestrated Collapse of American & World Economies by the Oligarchy of Privately Owned Central Banks so they can force through their New World Order One World Government Agenda because they know full well American Citizens & the rest of the world will have their freedom taken away even more & they are going to be a bit pissed off about it. Implode the economies & they have the control to bring in their dictatorate agendas.
hopeandjoywithlove 2 years ago 4
Karl has also addressed that point. Watch for, this year, the stock market to collapse again down to the 5000 level in the Dow and the 400 level in the S&P. Then, as Karl has said, watch Timmy G. step in and say he will 'SAVE' the 401k's by turning them into GOVERNMENT ANNUITIES. The only catch: Gas will sell at $8 a gallon and milk will cost $6 a gallon.
Trapster99 2 years ago 3
@Trapster99 Sorry if I've missed something that's been said before. I'm trying to keep my eye on UK & Europe & forget sometimes. Thanks for the comment.
hopeandjoywithlove 2 years ago
@Trapster99
i gave u a thumbs up but i think karl was saying externally sourced commodities would be high-inflation? if milk's $6/gal, i'm sure alot of local/regional farmers in a stagflationary environment would have ample of incentive there, no?
gr8 comment tho; i agree.... unfortunately... for us.
KnowledgeDriven 2 years ago
Hormone/antibiotic-free raw milk is already $6-7/gal. If you ever attended a cattle auction, you would see what the factory farm dairy cows look like. They are pathetic, bizarre looking animals. The sight is enough to make you enjoy paying more for good milk.
azusgm 2 years ago
$7 in my neighb - and we have to sign off on State "protection" - What a laugh!
USDA is hearing comments now on whether to allow GMO Alfalfa as cattle feed - and they want to label it "organic!"
Public Comments 'til March 3, 2010!
Petition at TRUEFOODNOWDOTORG !
MzProgressive 2 years ago 3
KD rules !
1968wadsworth 2 years ago
The bank may have lost with inflated $'s but the officials are not the ones out on the street.
DavidAKZ 2 years ago
In a hyperinflation bankers lose their wealth. In a total deflationary collapse many of them will likely lose their life to the angry mob.
gr8mikeY 2 years ago 3
Thank you. monititisation of debt is causing price instability in futures market outside and inside the US
DavidAKZ 2 years ago
Deeeelightful!
LisaJ4Liberty 2 years ago
The worlds debt is going to hit Bernanke's printing press like a freight train!
meikagirl 2 years ago
He's back !
DavidAKZ 2 years ago
Please do more videos Karl.
chrism20 2 years ago 7
Between the loose analogies and heavy sarcasm, I wasn't able to tell what your point actually was. :(
drutter 2 years ago
hey drutter, i kno karl hasn't posted in a while so it'll prob take a bit to get back into his style & rhythm... that said, his point is basically short-term dislocations are guaranteed; most likely deleveraging collapse again (big$ starts to bite on the tit).
max keiser had karl on his show 2 days ago. it's 27mins and karl i think gets on around 14min mark... watch?v=S3jKsHJqOJw
perhaps a little more karl exposure will help?... :)
KnowledgeDriven 2 years ago 4
@KnowledgeDriven
Sweet, thanks for the translation (and link ) KD! :)
drutter 2 years ago
@drutter
np, dude! anytime! :)
the timing of this series of events worked out perfectly as i just saw the max clip yesterday and just recently came to the definitive conclusion that in the ST, karl's spot on.
btw, i hav a small position in the fraudulent 2x levered AGQ ETF (double-long silver) in my TFSA. i just saw stellaconcepts vid on gold which confirms my sentiment ST for U$D & gold up during the next dislocation (think shake-out like haiti earthquake - they wanted cash stuffs only).
KnowledgeDriven 2 years ago
Bernanke has no credibility, so I don't care what he says. The only thing that matters if his actions.
DEMCAD 2 years ago 7
Yes Sir!, But without an independent audit of the fed we wont really know what all of those actions really are, now will we?
gr8mikeY 2 years ago 6
yes, notice the rate rise?
waldentree 2 years ago
I would not trust Bernanke. He could change his mind and start the printing press again.
JOConnor100 2 years ago
I don't think he turned them off...
Unkn0wnGuy 2 years ago
Looks like a plan to reduce the money supply, tighten credit and put their cash on the sidelines. This certainly will reduce economic growth and things will just get much worse in this country. No one will have money for anything - everything will deflate and eventually the small lenders will get crushed. This is the plan - consolidation. I think this has always been the plan. There will be a few banks left in the end and they will own everything that this plan (policy) has caused to deflate.
hac5x3 2 years ago 8
Right on Hac-One Giant Govt Bank left.
meikagirl 2 years ago
bingo
similar to the 1930s I believe
waldentree 2 years ago
ticker guy you need to start posting more often! love your videos!
nyznicca 2 years ago 13
Great summation there at the end, they will bite hard too.
bertly71 2 years ago
BEST COMMENTARY ON YOUTUBE TODAY.
TheMadronas 2 years ago 4
Missed you Karl, nice to hear a solid voice of reason and truth.
icebreaker7 2 years ago 8
What me worry???Just start burning synthetic fuel purchased with synthetic dollars provided by a synthetic bank supported by a synthetic government that passes synthetic laws enforced by synthetic courts on your way to buy synthetic food to fill your synthetic life..something wrong with that plan? Reality.....well there's that.
anolmec 2 years ago 4
You should make more videos.
johny344 2 years ago 14
agreed
odin422 2 years ago 2
good to see u back to what you do best dude!
ardizd 2 years ago 5
scary shit
caganb 2 years ago
Priceless!
soooooooooooooooo good to see you on youtube again!!!!!!!
fatpius 2 years ago 5
FIVE STARS. I've been thinking all along that when push come to shove we would rather depress than destroy the currency. Especially now that the Euro has shown such weakness and the Asian's ain't playing ball on any world currency... yep, its time for DEFLATION.
measax 2 years ago
Thanks! As always, a voice of reason amid the noise.
mikay43 2 years ago
So if no hyperinflation , then what? Or is too late, and it will be hyperinflation. Good to see you back.5*****, you always leave me wanting more.
62636263c 2 years ago 4
default
aw3212 2 years ago
you should post on your site more specifics for us stupid people. so hold onto dollars? they're going to completely stop monetizing? does that mean they will quit "printing" unemployment benefits???
UDoHaveMyName 2 years ago 2
Brilliant.
mrcool011 2 years ago
The idea the central banksters wont hyperinflate assumes the Rockfeller and Rothchild crime syndicate that control them does not have enough gold to be the benificary of hyperinflation.
That thesis is beyond niave.
unameitltd 2 years ago 2
And I hear china wants that other 200 tons of IMF gold. Why would that be? I wonder........
gr8mikeY 2 years ago