Posted on 02/02/2011 7:53:05 AM PST by SeekAndFind
Edited on 02/02/2011 7:56:47 AM PST by Admin Moderator. [history]
Global inflation is far higher than official statistics reveal, Marc Faber, editor and publisher of the
(Excerpt) Read more at cnbc.com ...
this feels SO MUCH like the last 2 yrs of the Carter admin
it’s eerie
I missed it the first time being that I was too young to observe it.
But I do get to catch this rerun.
“This is serious business, folks. The future is not going to arrive ‘someday.’ For the billions of people who spend a huge portion of their income on food and fuel, it has already arrived.
Looking at the above chart of the past 12 months, what we see is that everything, from metals to stocks to bonds to grains to energy, has experienced profound price increases. That pretty much covers everything you need to live on and the bulk of the paper universe. Such a chart is a historical rarity for any one country, yet it currently happens to apply to the entire world. You are living in historic times, which certainly belabors the obvious.
Your Lying Eyes
On the flip side, the story we are being told almost daily is that inflation is very low — too low, even — in a worrisome sort of way. I am reminded here of an old Richard Prior skit where his wife walks in on him in bed with another woman. To her increasing agitation, he denies that he has been cheating on her, finally shouting, “Who are you going to believe, woman? Me, or your lying eyes!?”
Well, my lying eyes see something very different in that chart above from what I am being told; instead of worryingly low inflation, I see rapidly rising inflation that is very close to slipping out of control.”
http://www.chrismartenson.com/blog/how-long-can-party-in-stocks-last/52040
Stagflation at home and chaos abroad.
some differences though
Carter was an incompetent liberal
Baraq is an incompetent marxist
Palladium, what gold and silver would be if not for massive manipulation.
It “ain’t” gonna be stagflation for long. It may turn into hyperinslation soon.
Nice chart. Can I ask where you got it? Nat gas is a cheap. Thank goodness for George Mitchell and his horizontal drilling. I think without that and other smaller US energy companies blazing the trails that we would be finished.
Oh no!
NO!
Not hyperinslation .
Even the Post Office admits there’s inflation; they cite it as the justification for their April ‘11 rate increase.
Got it here there’s more to the article too
http://www.chrismartenson.com/blog/how-long-can-party-in-stocks-last/52040
Also it doesn’t appear banana ben/fed has any intention to stop the printing.
UPDATE 1-Fed’s Hoenig says QE3 “may get discussed” -MNSI
http://www.reuters.com/article/2011/02/01/usa-fed-hoenig-idINN0112049620110201
The best is yet to come.
And remember the best things out of that time period were Animal House and The ‘80 olympic hockey team.
>>>>> "This is serious business, folks. The future is not going to arrive 'someday.' For the billions of people who spend a huge portion of their income on food and fuel, it has already arrived. Looking at the above chart of the past 12 months, what we see is that everything, from metals to stocks to bonds to grains to energy, has experienced profound price increases. That pretty much covers everything you need to live on and the bulk of the paper universe. Such a chart is a historical rarity for any one country, yet it currently happens to apply to the entire world. You are living in historic times, which certainly belabors the obvious.
Your Lying Eyes
On the flip side, the story we are being told almost daily is that inflation is very low — too low, even — in a worrisome sort of way. I am reminded here of an old Richard Prior skit where his wife walks in on him in bed with another woman. To her increasing agitation, he denies that he has been cheating on her, finally shouting, "Who are you going to believe, woman? Me, or your lying eyes!?"
Well, my lying eyes see something very different in that chart above from what I am being told; instead of worryingly low inflation, I see rapidly rising inflation that is very close to slipping out of control." <<<<<
http://www.chrismartenson.com/blog/how-long-can-party-in-stocks-last/52040
Because of the amount of speculation present in the global economy on the side of continued Chinese growth, Shilling sees the slowdown there leading to a global downturn.
Egypt can have 50% inflation and Saudi Arabia can have 10% deflation ~ simultaneously.
That's one of the reason we have "countries" ~ so we can have our own money, money supply, and pricing systems.
That bigger bill at the check out counter must be all in our minds :)
Obviously our government thinks we have been successfully dumbed down enough that we will never figure out they don’t report the inflation on the things we need most food, energy, etc.
Blam,
won’t that lead to lower prices on the precious metals.
Or does Bernanke with the printing press overcome that?
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