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Hanke of Johns Hopkins Says U.S. Treasury in `Panic Mode'
Nov. 19 (Bloomberg) -- Steve Hanke, professor of applied economics at Johns Hopkins Univers...
Hanke of Johns Hopkins Says U.S. Treasury in `Panic Mode' Nov. 19 (Bloomberg) -- Steve Hanke, professor of applied economics at Johns Hopkins University, talks with Bloomberg's Tom Keene about the Federal Reserve's balance sheet.
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There will be deflation while the US has the whole world tricked for a while. Then after the US collapses and the people lose confidence in the US ever paying its debt, the US will end up being taken over by a dictator and it will enter hyperinflation. No long term treasuries - maybe years at the most. Once the panic sets in, get out of US money. Trick is knowing when the collapse precisely occurs.
There is no confidence in congress or the president. This will all end badly. Obama is the biggest disaster and people like barney frank, chris dodd, hank paulson, larry summers, greenspan, bernanke, geithner, maxine water, raines, every big bank ceo, and the ratings agencies should all be indicted.
This was right on but no one can predict future world events. Now we are kind of like in a wall street led quasi one world government (globalization). If nationalism sets in deflation will occur. If this is the low for this cycle inflation will occur and the fed will reduce its balance sheet as best they can. But politicians tend to act looking in the rear veiw mirror too late. For sure we can bet the midea and common perception will be wrong.
the youtube movie "monetary growth" by Helmut Creutz is a start to gain a deeper insight in the causes of the financial crisis. It explains the problem of interest (compound interest) and how it causes indeptness etc.
The FU University of Berlin provides an english pdf version of his book "The Money Syndrom". Just google for it.
He explains you the root causes of the crisis. In my opinion he goes deeper than for example Steve Keen or Robert R. Prechter
Every week I go to target and prices just keep going up. Target and Walmart just isnt that cheap anymore. $4 tuna fish, $5 granola bars that are half the size that they used to be!!! Its insane. Everything is half the size. I just buy chicken and steaks now and cook myself. Id rather buy food by the pound and cook chicken and rice and fresh tacos. Packaged food no more!!!
no i think they will stress the economy so much that almost everyone will foreclose, then they will open the floodgates and we'll have hyperinflation.
Autoshare makes certain YouTube activities public on the services you choose. Select only the services you are comfortable with - like Facebook, Twitter, or Google Reader - to let your friends know what you like on YouTube. You can turn Autoshare off at any time.
The FU University of Berlin provides an english pdf version of his book "The Money Syndrom". Just google for it.
He explains you the root causes of the crisis. In my opinion he goes deeper than for example Steve Keen or Robert R. Prechter