The wage setting mechanism in America is too rigid. If gasoline went up to $10 a gallon, how long would it take most HR offices to deal with the demands from frantic workers? MONTHS.
Your linked article is full of fallacies. Jason Hommel became a gold and silver dealer in order to get more people into that asset, it’s true, but he holds a large personal position in that asset himself, contrary to one of the opening claims. That anyone trades around a core long position does not refute the fact they think prices will be much higher in the future.
“Dismantling John Williams’ Hyperinflation Predictions”
The same argument could be said about this fellows motivation he’s just pushing a different product. Last year the Arab nations were talking about de-pegging from the dollar BTW. But I think they are not ready to do that and won’t be for at least a couple of years. Some food for thought...
You can lose your money pretty fast in the stock market and with all the big players using machines and the Feds interference it’s not a free market.
Then there is the hacking and seemingly insider tips to favored players.
Remember all the losses already to investors/pensions funds/401’ks because of toxic MBS’s being bundled in by banks knowingly.
And talk about Conspiracy Theory look at this guy’s...
Obama, Puppet of the Jewish Mafia (Part 1)
http://www.avaresearch.com/article_details-664.html
In either scenario one thing is clear we are going to have inflation the amount and the degree is what seems to be the difference. So if what this guy says would be true cash might be king. Do you remember the high interest rates that followed the inflation of the late 1970’s early 80’s?
I don’t agree with his assessment of our economy either. I think it is worse then he does. Things have changed dramatically with all the job losses and wages. So many have fallen off the unemployment roles and many other’s have only part time low paying jobs now. In the current environment and with most of our manufacturing gone I don’t see that changing for a long time. We are beginning to have quite an underclass of our own.
Since inflation is the common theme of both pieces people would be wise to prepare. I personally believe it will be bad and something this author does not take into account is the unrest spreading around the world. Since we are really broke already and China is not buying our debt anymore how long will the Fed. continue to monetize our debt without tax hikes and cut backs? If they do cut backs and we still don’t have jobs how long before civil unrest here?