The printing is already underway. There just hasn't been an offical announcement. It's no conspiracy that the precious metals have been manipulated. The commodity exchanges have raised margin requirements making it harder for the buy side to borrow to speculate to take the price higher creating huge price drop which scares those who would pay cash from getting in. Real estate prices has deflated because initially lending wasn't as available as before. Now jobs and cash aren't as available.
Oh god, James Turk talking about Hyperinflation is like Jim Cramer talking about stocks or Warren Buffet talking about why Dairy Queen is the best restaurant franchise. Also, I've never read "When Money Dies" but I was told it was poorly written.
@HillcrestCapital Its more for the professional economist and less entertaining than "Lords of Finance." To me it was a good read but I teach the subject. If you want a good read get the L of F about the bankers that broke the world in 1929.
It is not fair to say that "Hitler promised order" (@29:59), without at least mentioning that he delivered on that promise. Especially considering the betrayals of Democrats and Republicans in American history.
So could it not be argued that Democracy and Republicanism ARE associated with financial, social and political disorder (@29:45)?
@eufibu123 Are you suggesting a drop in prices relative to an increasing dollar value??? The deflation that is happening is more along the lines of bursting bubbles, things that were inflated by credit. This has already been happening to credit induced bubbles and can continue even during what we call inflation, such as when bonds pop. And it's why gold does well as credit bubbles deflate (deflation) and as credit loses value (inflation).
thanks for this.
feverdreams111 3 months ago
This theory appears to be the going one proposed by many 'gold bug economists'.
I think it's important to consider one other being advanced by Harry Dent, even tho Dent has been proven wrong in his timing & dow jones at 25000 +!
Dent suggests we are headed for a global 'haircut' in the vicinity of 50%.
Were this to occur, gold & commod. would PLUMMET !
If the dollar drps below 71, this would prove his theory WRONG tho imo.
.
archivesDave 3 months ago
The printing is already underway. There just hasn't been an offical announcement. It's no conspiracy that the precious metals have been manipulated. The commodity exchanges have raised margin requirements making it harder for the buy side to borrow to speculate to take the price higher creating huge price drop which scares those who would pay cash from getting in. Real estate prices has deflated because initially lending wasn't as available as before. Now jobs and cash aren't as available.
MadeByEduNotLaziness 3 months ago
who will be the new dictator of america when the nation crumbles? whites, blacks, mexicans, or chinese?
Rico8458 3 months ago
thank you Mr. Ferguson.
Truthpolice9698 3 months ago
Oh god, James Turk talking about Hyperinflation is like Jim Cramer talking about stocks or Warren Buffet talking about why Dairy Queen is the best restaurant franchise. Also, I've never read "When Money Dies" but I was told it was poorly written.
HillcrestCapital 3 months ago
@HillcrestCapital Its more for the professional economist and less entertaining than "Lords of Finance." To me it was a good read but I teach the subject. If you want a good read get the L of F about the bankers that broke the world in 1929.
Truthpolice9698 3 months ago
@Truthpolice9698 Yeah, I have Lords of Finance, I'm going to read it after David Einhorns book and then Fault Lines.
HillcrestCapital 3 months ago
It is not fair to say that "Hitler promised order" (@29:59), without at least mentioning that he delivered on that promise. Especially considering the betrayals of Democrats and Republicans in American history.
So could it not be argued that Democracy and Republicanism ARE associated with financial, social and political disorder (@29:45)?
redcorona14 3 months ago 4
@redcorona14 well said sound money needs a strong ruler to enforce it and protect. democracy is the oppression of the 49% by the 51%
suki2011 3 months ago
@suki2011 SOUND MONEY needs no protector. It has its own strength.
indignant99 3 months ago
Before Inflation ... i think we will get Deflation first!
eufibu123 3 months ago 2
@eufibu123 Yep, they will make the public and politicos BEG for printing..
andHOWweBURNED 3 months ago
@eufibu123 Are you suggesting a drop in prices relative to an increasing dollar value??? The deflation that is happening is more along the lines of bursting bubbles, things that were inflated by credit. This has already been happening to credit induced bubbles and can continue even during what we call inflation, such as when bonds pop. And it's why gold does well as credit bubbles deflate (deflation) and as credit loses value (inflation).
jgbloyd 3 months ago 2
@eufibu123 We already have both right now: inflation in real goods; deflation in debt-based things.
alphaknave 3 months ago 5