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Keyword: hyperinflation

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  • Fed may need to let inflation run hot to meet goals: Evans (here it comes!)

    02/28/2014 3:14:58 PM PST · by Red in Blue PA · 21 replies
    NEW YORK (Reuters) - The Federal Reserve should be willing to let inflation temporarily run above its target level so as to more quickly bring the economy back to health, a top Fed official said on Friday, even as a second policymaker signaled the very idea left him cold. The debate, between Chicago Fed President Charles Evans and Philadelphia Fed President Charles Plosser, underscored a fundamental disagreement over the central bank's optimal approach to policy under new Fed Chair Janet Yellen. To Evans, one of the Fed's most dovish policymakers, allowing inflation to run above the Fed's 2-percent target would...
  • The Economy Is Going to Implode

    02/19/2014 2:56:05 AM PST · by Arthur McGowan · 17 replies
    YouTube ^ | 2012 | Ann Barnhardt
    Ann Barnhardt explains how the whole system is over-leveraged, and that collapse is inevitable--and desired by Obama, Cloward, Piven, etc.
  • Laurence Kotlikoff: Is Hyperinflation Just Around the Corner? (Yes)

    11/10/2013 12:07:29 PM PST · by Zakeet · 30 replies
    Yahoo Finance ^ | September 27, 2013 | Laurence Kotlikoff
    In his parting act, Federal Reserve Chairman Ben Bernanke has decided to continue printing some $85 billion per month (6 percent of GDP per year) and spend those dollars on government bonds and, in the process, keep interest rates low, stimulate investment, and reduce unemployment. Trouble is, interest rates have generally been rising, investment remains very low, and unemployment remains very high. Bernanke’s dangerous policy hasn’t worked and should be ended. Since 2007 the Fed has increased the economy's basic supply of money (the monetary base) by a factor of four! That's enough to sustain, over a relatively short period...
  • Venezuela joins the hyperinflation club: 54.3% in last twelve months and climbing

    11/08/2013 4:55:20 AM PST · by Zakeet · 4 replies
    Merco Press ^ | November 8, 2013
    Venezuela's consumer prices rose 5.1% in October, pushing the 12-month inflation rate to 54.3%, the highest mark since the late President Hugo Chávez took power in 1999. The news was released by the central bank on Thursday which also revealed that the scarcity index had reached its highest level since 2009.Hyperinflation is attributed to two main factors: one is ramped-up public spending from President Nicolás Maduro, Chávez's successor. The central bank said the country's money supply grew 70% in the past 12 months, much of it to underwrite a big increase in government spending. Likewise currency controls Chávez implemented...
  • Venezuelan inflation rate surges above 50 percent

    11/07/2013 3:17:13 PM PST · by Olog-hai · 14 replies
    Associated Press ^ | Nov 7, 2013 5:18 PM EST
    Inflation in Venezuela has surged above 50 percent as a plunge in the value of the currency deters investment and makes basic goods harder to find. … President Nicolás Maduro vowed on Wednesday to intensify efforts to stamp out currency speculators and hoarders he accuses of waging “economic war” against the government. …
  • In Fed and Out, Many Now Think Inflation Helps (here comes the propaganda)

    10/28/2013 9:24:16 AM PDT · by Red in Blue PA · 14 replies
    NY Times ^ | October 26, 2013
    WASHINGTON — Inflation is widely reviled as a kind of tax on modern life, but as Federal Reserve policy makers prepare to meet this week, there is growing concern inside and outside the Fed that inflation is not rising fast enough. Some economists say more inflation is just what the American economy needs to escape from a half-decade of sluggish growth and high unemployment. The Fed has worked for decades to suppress inflation, but economists, including Janet Yellen, President Obama’s nominee to lead the Fed starting next year, have long argued that a little inflation is particularly valuable when the...
  • Dollar sinks as US jobs data signals more Fed stimulus

    10/22/2013 7:56:22 PM PDT · by TexGrill · 39 replies
    ChannelNewsAsia ^ | 10/23/2013 | AFP
    The US dollar sank against the euro Tuesday after fresh data on the jobs market pointed to the Federal Reserve not cutting back its stimulus before 2014. WASHINGTON: The US dollar sank against the euro Tuesday after fresh data on the jobs market pointed to the Federal Reserve not cutting back its stimulus before 2014. The prospect of the Fed's easy money program staying unchanged, after months of expectations of tightening, pushed the euro to its highest level on the greenback since November 2011. At 2100 GMT, the euro bought US$1.3780, compared to US$1.3681 late Monday. The September data showed...
  • Yellen hints at boosting inflation to create jobs (Obama's Federal Reserve chairwoman nominee)

    10/09/2013 3:13:15 PM PDT · by 2ndDivisionVet · 81 replies
    The Daily Caller ^ | October 9, 2013 | Tim Cavanaugh, executive editor
    Federal Reserve chair nominee Janet Yellen Wednesday suggested that she will put a renewed emphasis on “jobs” in her role as Chairwoman of the U.S. Federal Reserve Bank. President Obama nominated Yellen, a vice chairwoman of the Board of Governors of the Federal Reserve System and former president and CEO of the Federal Reserve Bank of San Francisco, to run the U.S. central bank Wednesday. If confirmed by the Senate, Yellen will become the first woman to run the Fed in its hundred-year history. Yellen is expected to accelerate the devaluation of the dollar by continuing or even expanding the...
  • How Long Do We Have Before Seeing Hyperinflation? One Expert’s Answer May Frighten You

    10/03/2013 3:17:32 AM PDT · by Mozilla · 80 replies
    The Blaze ^ | October 2nd, 2013 | Erica Ritz
    David Buckner, the founder and CEO of Bottom Line Training and Consulting, an adjunct professor at Columbia University, and the author of “Permission to Think,” explained on the Glenn Beck Program Wednesday why America hasn’t yet seen hyperinflation — but why it could be just around the corner. Buckner said that in discussing hyperinflation, people often refer to the Weimar Republic, Zimbabwe, and Bolivia, but say “it could never happen here” because a “certain kind of layering has to occur” that America hasn’t seen. That layering, he said, or the “recipe” for hyperinflation, is: 1) Economic Implosion 2) Collapse in...
  • The Inflation Predictions Were Just Wrong, And Now They're Hurting People

    06/22/2013 1:25:44 AM PDT · by blam · 153 replies
    TBI - Pragmatic Capitalism ^ | 6-22-2013 | Cullen Roche, Pragmatic Capitalism
    The Inflation Predictions Were Just Wrong, And Now They're Hurting People Cullen Roche, Pragmatic Capitalism June 21, 2013, 4:21 AM Remember back when QE started and we saw charts of high powered money going vertical all over the place and everyone who didn’t understand modern banking said that the reserves would flood out into the economy causing high inflation or even hyperinflation? And do you also remember how most of those same people also said that the only way you’d be able to protect yourself from this hyperinflation was by owning hard assets like gold or silver? Well, the inflation...
  • I Won’t Be Removed by Britain: Mugabe

    06/03/2013 10:48:46 PM PDT · by nickcarraway · 11 replies
    New Zimbabwe ^ | 02/06/2013
    PRESIDENT Robert Mugabe has said he won't step down because of pressure from Britain and other countries for a change in government. “You want me to retire? You do not talk of retirement when elections are coming, do you?” the 89-year-old president told Kyodo News in an interview in the Japanese city of Yokohama where he was attending and a thre- day summit on African development. Mugabe will lead his Zanu PF party in elections to choose a substantive government this year, replacing the coalition administration he formed with rival Morgan Tsvangirai after disputed polls in 2008. The Constitutional Court...
  • ALBERT EDWARDS: Stocks Will Crash, Hyperinflation Will Come, And Gold Will Go Above $10,000

    04/25/2013 3:58:53 AM PDT · by blam · 24 replies
    TBI ^ | 4-25-2013 | Joe Weisenthal
    ALBERT EDWARDS: Stocks Will Crash, Hyperinflation Will Come, And Gold Will Go Above $10,000 Joe WeisenthalApril 25, 2013 This is always reassuring. SocGen strategist Albert Edwards remains an ultra-bear, and predicts everything will go to hell. In his new note he writes: We still forecast 450 S&P, sub-1% US 10y yields, and gold above $10,000 My working experience of the last 30 years has convinced me that policymakers’ efforts to manage the economic cycle have actually made things far more volatile. Their repeated interventions have, much to their surprise, blown up in their faces a few years later. The current...
  • My Hyperinflation Vacation

    04/24/2013 3:54:55 PM PDT · by 1rudeboy · 17 replies
    theatlantic.com/magazine ^ | Mar 20 2013, | Graeme Wood
    A trip to the Iranian resort island of Kish illuminates the pressures, limits, and strange consequences of economic sanctions. For years, I have been advising my cash-poor friends: the secret to an ultracheap international holiday is a Google News search for the words runaway inflation. The place listed in the dateline of any recent articles including that phrase should be your destination. En route to your home airport, visit the bank and withdraw U.S. dollars in crisp hundreds and fifties. At your beleaguered landing place, the local currencyÂ’s value will be melting away like a snowman in July. Your greenbacks...
  • This Is A Recipe For Massive Hyperinflation Bankruptcy (Venezuela - South America)

    02/27/2013 3:30:37 PM PST · by blam · 4 replies
    TMO ^ | 2-27-2013 | Martin Hutchinson
    This Is A Recipe For Massive Hyperinflation Bankruptcy Economics / HyperInflationFebruary 27, 2013 - 12:25 PM GMT By: Money MorningMartin Hutchinson Nobody was really shocked when Venezuela devalued the bolivar earlier this month from 4.3 to the dollar to 6.3. When it comes to the currency wars, massive devaluations are simply one of the keys to this "race to the bottom" strategy. But Venezuela's bad behavior, and that of several other countries in the region, means that several Latin American countries are now likely to suffer hyper-inflation or declare bankruptcy. For investors in Latin America, that raises the risks for...
  • The Real Danger Of The Fed's Easy Monetary Is Not The Risk Of Hyperinflation

    02/21/2013 4:40:00 PM PST · by blam · 4 replies
    TBI ^ | 2-21-2013 | Comstock Partners
    The Real Danger Of The Fed's Easy Monetary Is Not The Risk Of Hyperinflation Comstock PartnersFebruary 21, 2013, 2:56 PMThe Fed's current attempt to control long term rates, "QE to infinity", is based on the hope that by providing cheap money, banking and financial firms will lend and thereby stimulate the economy. This would be a sound plan if the problem with the US economy was a shortage of credit. With corporations holding back cash and depending on productivity gains to drive earnings, the typical recovery scenario where the private sector borrows money for investment and drives job growth and...
  • Why Inflation In 2013 Is Imminent

    02/14/2013 8:24:29 PM PST · by blam · 5 replies
    TMO ^ | 2-14-2013 | Money Morning - Jeff Uscher
    Why Inflation In 2013 Is Imminent Economics / InflationFebruary 14, 2013 - 03:48 PM GMT By: Money Morning Jeff Uscher writes: Is a spike in the monetary base - currency in circulation plus bank reserves at the Fed - the first sign of imminent inflation? Art Cashin, the well-respected director of floor operations at the New York Stock Exchange for UBS, recently told King World News the increase in the monetary base may well be a sign of impending inflation. Monetary base, sometimes called high-powered money, is the basis for the bank lending that drives our economy. When interest rates...
  • A Dormant US Inflation Indicator Just Spiked, And It's Got Me Thinking Of Weimar And Zimbabwe

    02/13/2013 6:55:47 AM PST · by blam · 10 replies
    TBI ^ | 2-13-2013 | Sam Ro
    Art Cashin: A Dormant US Inflation Indicator Just Spiked, And It's Got Me Thinking Of Weimar And Zimbabwe Sam RoFebruary 13, 2013, 3:58 AM Veteran trader Art Cashin has been more concerned about the threat of inflation in the U.S. than most. In a recent interview with Eric King of King World News, he notes that the once dormant threat of inflation could be waking up. From King World News: ...That having been said, the Federal Reserve Bank of St. Louis puts out what is called the ‘Monetary Stock.’ It is the ‘raw material’ of the money supply, and it...
  • John Williams: How To Survive the Illusion Of Economic Recovery

    02/10/2013 10:45:05 AM PST · by blam · 13 replies
    TMO ^ | 2-10-2013 | John Williams
    John Williams: How To Survive the Illusion Of Economic Recovery Economics / Great Depression IIFebruary 09, 2013 - 01:40 PM GMT By: The Gold ReportJohn Williams There is no economic recovery, and there are no signs that a recovery is coming, says Shadowstats.com author John Williams. In this Gold Report interview, he blames mal-adjusted inflation statistics for creating an alternate reality that overestimates economic activity in a way that is unsustainable. Williams warns that eventually the painful truth will be so difficult that even government manipulation won't be able to deny it and that is when hyperinflation will take its...
  • Why There's No Real Inflation - Yet

    01/30/2013 11:35:47 AM PST · by blam · 46 replies
    TMO - Money Morning ^ | 1-30-2013 | Martin Hutchinson
    Why There's No Real Inflation - Yet Economics / InflationJan 30, 2013 - 01:16 PM GMT By: Money Morning Martin Hutchinson writes: According to Milton Friedman, "inflation is always and everywhere a monetary phenomenon." If that is true, then you have to wonder where the heck all of the inflation is. Every central bank in the Western world is holding interest rates down, and almost all of them are printing money like it's going out of style. Five years ago, nearly every economist in the world would have told you this would cause inflation to skyrocket, and the big deficits...
  • John Williams Forecasts U.S. Dollar Hyperinflation Before End Of 2014

    01/29/2013 3:37:58 PM PST · by blam · 23 replies
    TMO ^ | 1-29-2013 | Greg Hunter
    John Williams Forecasts U.S. Dollar Hyperinflation Before End Of 2014 Economics / HyperInflationJanuary 29, 2013 - 12:46 PM GMT Anybody who thinks the U.S. is in a so-called recovery isn’t listening to economist John Williams. He contends, “We haven’t had a recovery and we’re not about to have one, and it’s getting worse.” Williams says it’s because, “The consumer is in very serious trouble. . . . The average guy is not making it. His income is not keeping up with inflation.” As far as Congress getting the budget and debt ceiling under control, Williams says, “Both sides are faced...
  • Gold Won't Save You From Hyperinflation According To A New Study

    01/24/2013 6:03:55 PM PST · by blam · 32 replies
    TBI - American Enterprise Institute ^ | 1-24-2013 | James Pethokoukis
    Gold Won't Save You From Hyperinflation According To A New Study James Pethokoukis, American Enterprise InstituteJanuary 24, 2013, 6:18 PM A new NBER working paper, “The Golden Dilemma”, looks at the investment history — and possible investment future — of gold. Many fascinating nuggets and charts in the research. Especially interesting is its negative take on gold as a safe-haven hedge against hyperinflation (or even regular inflation, for that matter) or other crises: We also parse the safe haven argument and come up empty-handed. We examine data on hyperinflations in both major and minor countries and find it is certainly...
  • Signs of Hyperinflation

    01/18/2013 3:02:09 PM PST · by wredlich · 10 replies
    Stop Wasting Money ^ | 1/18/2013 | Warren Redlich
    Excerpt - Original at: Hyperinflation Signs: There are a few more signs of currency hyperinflation coming to the US and the world. First, from a global perspective, the Wall Street Journal says even the Swiss are printing money now: The nation’s central bank is printing and selling as many Swiss francs as needed to keep its currency from climbing against the euro, wagering an amount approaching Switzerland’s total national output When even the staid Swiss are printing money, this is a dark sign of not just US hyperinflation, but something we’ve never seen before – a global hyperinflation, with hyperinflation...
  • Nobel Laureate Prescott: Higher Taxes Will Further Stagnate Economy

    12/13/2012 12:32:34 AM PST · by Olog-hai · 8 replies
    Newsmax ^ | Wednesday, 12 Dec 2012 10:38 AM | (Newsmax Wires)
    Contrary to popular opinion, U.S. tax rates aren’t low, says Edward Prescott, a Nobel laureate economist at Arizona State University. “Tax rates are already high, much higher than is commonly understood, and increasing them will likely further depress the economy, especially by affecting the number of hours Americans work,” Prescott and Lee Ohanian, a UCLA economist, write in The Wall Street Journal. …
  • Bernanke: Fed’s ability to support U.S. economy is limited

    12/12/2012 5:45:19 PM PST · by Olog-hai · 14 replies
    Reuters ^ | Wed Dec 12, 2012 6:15pm EST | Alister Bull
    There are limits to how much aid the Federal Reserve can provide to the U.S. economy, Fed Chairman Ben Bernanke warned on Wednesday as he urged politicians to tackle a year-end fiscal cliff that could derail the country’s gradual recovery. … The U.S. central bank announced it would keep buying $85 billion of Treasury and mortgage-backed bonds a month until it saw a substantial improvement in the outlook for the labor market. Its balance sheet would increase to almost $4 trillion by the end of next year if it kept up that pace of purchases. … Critics of the central...
  • Currency Wars and Gold

    12/07/2012 9:07:00 AM PST · by Katechon · 10 replies
    A currency war in the simplest form is basically when there is too much debt and not enough growth. - James Rickards, Currency Wars: The Making of the Next Global Crisis Currency wars are real wars. But they are waged with currencies, stocks, bonds, derivatives, commodities, rather than guns and other kinetic weapons. In a currency war, countries try to manipulate their own currency to gain an unfair trade advantage. There is a currency war when one country tries to devalue its currency relative to others in order to promote exports and create jobs. Let's take an example. Some...
  • Iran’s Death Spiral – II

    11/23/2012 12:02:53 PM PST · by neverdem · 19 replies
    Energy Tribune ^ | November 8, 2012 | Steve H. Hanke
    By Steve H. HankeMy October 2009 Globe Asia column was titled “Iran’s Death Spiral.” In light of the recent events that have transpired in Iran, I think I might have been onto something back in 2009.Since early September, there has been an accelerated slide in the value of the Iranian rial. This slide has been punctuated by dramatic collapses in the demand for the rial. With each collapse, there has been something akin to a “bank run” on rials – with a sharp rise in the black market (read: free market) IRR/USD exchange rate (see the accompanying chart). Ironically, Iranians...
  • UBS: 1000% Inflation Is Perfectly Acceptable...

    11/10/2012 6:45:18 AM PST · by blam · 22 replies
    TBI ^ | 11-10-2012 | Sam Ro
    UBS: 1000% Inflation Is Perfectly Acceptable... Sam RoNov. 10, 2012, 6:35 AM In a recent note to clients, UBS Chief Economist Larry Hatheway suggests that even 1000 percent inflation can be manageable as long as people see it coming. From his recent Macro Keys note: When 1000% inflation can be desirable In fact, the costs associated with inflation (price change) are less than commonly supposed. There is the famous “sticker price cost” – the cost of constantly changing price labels – but in a world of electronic displays and web based ordering this is not a serious economic cost (in...
  • New York state asks Washington (DC) to cover all storm costs

    11/05/2012 10:40:02 PM PST · by Olog-hai · 10 replies
    Reuters ^ | Wed Oct 31, 2012 7:37pm EDT | Edith Honan and Susan Cornwell
    New York state on Wednesday asked the U.S. federal government to pay all the costs of cleaning up and repairing damage from massive storm Sandy that tore through the Northeast this week and crippled New York City. Governor Andrew Cuomo said he is asking fellow Democrat, President Barack Obama, to pay 100 percent of the estimated $6 billion bill, at a time that state and local government budgets remain constrained by a weak economic recovery. … New York top finance official, Comptroller Thomas DiNapoli, said Washington should foot the bill, because of lingering financial pressures on state and local governments...
  • U.S. Dollar Hyperinflation by 2014 Says John Williams

    10/25/2012 6:10:33 PM PDT · by blam · 23 replies
    TMO ^ | 10-25-2012
    U.S. Dollar Hyperinflation by 2014 Says John Williams Economics / HyperInflationOct 25, 2012 - 03:06 AM Economist John Williams says the latest round of “open-ended” QE has set the table for a global “dollar sell-off” and “hyperinflation” no later than 2014. Williams says, “There’s no way the consumer can fuel the economic recovery, and there is no way we’re going to see one in the near future.” Williams predicts, “The Treasury is going to have funding problems, and that means the deficit gets a lot worse.” Now, there is talk the Fed might increase the money printing. Williams charges, “The...
  • Dollar Sell-off and Hyperinflation by 2014 – John Williams

    10/24/2012 9:15:04 PM PDT · by Errant · 24 replies
    USA Watchdog ^ | 24 October, 2012 | Greg Hunter
    Economist John Williams says the latest round of “open-ended” QE has set the table for a global “dollar sell-off” and “hyperinflation” no later than 2014. Williams says, “There’s no way the consumer can fuel the economic recovery, and there is no way we’re going to see one in the near future.” Williams predicts, “The Treasury is going to have funding problems, and that means the deficit gets a lot worse.”
  • Investors Should Fear The Moment When A Loaf Of Bread Costs $3 Billion

    10/18/2012 5:56:02 AM PDT · by blam · 41 replies
    TBI ^ | 10-18-2012 | David Zeiler, Associate Editor , Money Morning
    Investors Should Fear The Moment When A Loaf Of Bread Costs $3 Billion David Zeiler, Associate Editor , Money MorningOctober 17, 2012, 11:54 PMFlickr / victoriachan BNY Mellon Outpaces by a Sliver – Analyst Blog QE Infinity Won't Work, But Here's What Will Romney Tax Plan Details Still a Mystery Despite All the Talk Too few understand just how disruptive hyperinflation in America would be. Truth is, it would be a nightmare. In an episode of hyperinflation, money loses value so rapidly that people spend it as quickly as possible, which only feeds the cycle of pushing prices higher and...
  • Gideon Gono Comments on QE3 (used to be governor of the Reserve Bank of Zimbabwe)

    10/16/2012 2:45:36 PM PDT · by dynachrome · 4 replies
    Mises SA ^ | 10-16-12 | Chris Becker
    2.17 These interventions which were exactly in the mould of bail out packages and quantitative easing measures currently instituted in the US and the EU, were geared at evoking a positive supply response and arrest further economic decline. But even still, 2.20 Despite numerous intervention measures undertaken by Government through the Reserve Bank of Zimbabwe, economic activity continued to decline progressively with inflation peaking at 231 million percent by July 2008. Other challenges that affected the economy include the following:
  • Destruction of the US Dollar

    10/15/2012 2:04:32 PM PDT · by Tolerance Sucks Rocks · 10 replies
    Patriot Action Network ^ | October 14, 2012 | Roger O'Daniel
    The picture below shows $15 trillion dollars worth of $100 bills on $10 million dollar pallets stacked on top of each other over an area that is one third larger than a regulation football field. An electronics van is parked between the stack and the Statue of Liberty. A single $100 million dollar pallet rests in front of the truck’s cab. See it?Recently, I reported that the Federal Reserve Bank (FED) secretly gave ten trillion dollars of interest-free loans to over a dozen European banks to shore up the Euro and keep them financially solvent. I later found out that...
  • To Fight Hyperstagflation, Greece Will Allow Sale Of Expired Food Products

    10/15/2012 10:17:59 AM PDT · by RobertClark · 19 replies
    ZeroHedge ^ | 10/15/12 | Tyler Durden
    Against a deflationary environment of austerity-driven wage and pension cuts combined with rising unemployment; food, commodity, and fuel prices continue to surge in Greece. The government has taken an unusual step - allowing the sale of expired food at lower prices. As Voz Populi reports, this act means the government has 'virtually admitted their inability to control prices" as the worst aspects of stagflation crush the Hellenic Republic. The regulation (allowing from one-week to one-month extensions of foods for sale post their eat-before-this-day-or-you'll-get-Salmonella date) has existed for many years, according to a ministerial decree and this action merely states that...
  • A Year’s Supply Of Rice

    10/09/2012 7:03:04 AM PDT · by blam · 58 replies
    The Daily Reckoning ^ | 10-8-2012 | Addison Wiggin
    A Year’s Supply Of Rice By Addison WigginOctober 8, 2012 “Better buy now,” advised the rice merchant in Tehran. The retired factory guard took him up on the advice, buying 900 pounds of the stuff to feed his extended family for the next 12 months. “As I was gathering my money,” the retiree told The New York Times, he got a phone call. “When he hung up, he told me prices had just gone up by 10%. Of course, I paid. God knows how much it will cost tomorrow.” Iran’s currency, the rial, collapsed 40% last week under the pressure...
  • Why You Should Be VERY Afraid Of Inflation

    10/07/2012 10:51:34 AM PDT · by blam · 35 replies
    TMO ^ | 10-7-2012 | Graham Summers
    Why You Should Be VERY Afraid Of Inflation Stock-Markets / InflationOct 07, 2012 - 09:52 AM By: Graham Summers For the last 80 years or so, financial theory has held that inflation and deflation were mutually exclusive events. We’ve now seen that idea go up in smoke as deflation affects home prices and incomes in the US at the very same time that we experience inflation in energy and food prices courtesy of the Fed’s insane money printing. Indeed, Ben Bernanke is a disciple of the belief that to battle deflation, one must inflate the financial system/ economy. Never mind...
  • Hyperinflation Hits Iran; Monthly 70% Inflation Rate; Reflections on Economic Warfare

    10/05/2012 8:04:10 AM PDT · by Kaslin · 6 replies
    Townhall.com ^ | October 5, 2012 | Mike Shedlock
    The oil embargo against Iran has worked, assuming one defines "work" as a destruction of the Iranian riall which has fallen 33% in a week, 57% in three months and 75% in a year vs. the US dollar. On Wednesday, the Tehran bazaar closed in turmoil and police used teargas and batons on demonstrators protesting the currency crisis. Please consider Iran currency crisis sparks Tehran street clashes Hundreds of demonstrators in the Iranian capital clashed with riot police on Wednesday, during protests against the crisis over the country's currency. Police used batons and teargas to try to disperse the crowds....
  • Iran Loses the Economic Battle

    10/04/2012 1:23:25 PM PDT · by neverdem · 6 replies
    The National Interest ^ | October 4, 2012 | John Allen Gay
    While negotiations on Iran’s nuclear program are at a standstill, news this week indicates that Iran is clearly losing the economic battle. As in other cases, currency problems in Iran may contribute to an unpredictable and destabilizing political outcome. Iran’s currency fell by more than 18 percent against the dollar on Monday and another 8 percent on Tuesday, marking a new low in Iran’s continuing economic crisis. The figures are grim: a sheaf of rials worth ten thousand dollars a year ago would be worth about $3,750 Monday and $3,500 Tuesday; on Wednesday, there were protests in the bazaar.Short of...
  • Iran in economic meltdown (Worthless currency and hyperinflation recalls Nazi Germany)

    10/04/2012 9:44:22 AM PDT · by SeekAndFind · 4 replies
    American Thinker ^ | 10/04/2012 | Rick Moran
    A currency disappearing in value and hyperinflation as a result. Not surprisingly, people don't like it very much when they go to sleep with their money being worth one amount and then wake up the next morning to find their money worth a lot less. New York Times: The first outbreak of public anger over Iran's collapsing currency and other economic maladies jolted the heart of the capital on Wednesday, with the riot police violently clamping down on black-market money changers, hundreds of citizens marching to demand relief and merchants in the sprawling bazaar closing their shops in protest. Iran's...
  • Hyperinflation Has Arrived In Iran

    10/03/2012 5:27:40 PM PDT · by dynachrome · 13 replies
    cato-at-liberty.org ^ | 10-3-12 | Steve H. Hanke
    Since the U.S. and E.U. first enacted sanctions against Iran, in 2010, the value of the Iranian rial (IRR) has plummeted, imposing untold misery on the Iranian people. When a currency collapses, you can be certain that other economic metrics are moving in a negative direction, too. Indeed, using new data from Iran’s foreign-exchange black market, I estimate that Iran’s monthly inflation rate has reached 69.6%. With a monthly inflation rate this high (over 50%), Iran is undoubtedly experiencing hyperinflation. When President Obama signed the Comprehensive Iran Sanctions, Accountability, and Divestment Act, in July 2010, the official Iranian rial-U.S. dollar...
  • Hyperinflationary Currency Collapse Is Leading To Big Anti-Regime Protests In Iran

    10/03/2012 5:45:56 AM PDT · by blam · 44 replies
    TBI ^ | 10-3-2012 | Joe Weisenthal
    Hyperinflationary Currency Collapse Is Leading To Big Anti-Regime Protests In Iran Joe WeisenthalOctober 3,2012 Earlier this week we wrote about how Iran's currency (the Rial) is in a state of total collapse, in part due to oil sanctions. It's obvious that the spiraling cost of things is having a major destabilizing effect. The BBC reports on protests: Riot police in Iran have clashed with protesters in the capital over sharp falls in the currency, the rial. Tear gas was used to disperse the demonstrators, some of whom were setting fire to tyres and rubbish bins. There were many arrests, reports...
  • Hyperinflation Is Virtually Assured – John Williams

    09/13/2012 6:52:57 AM PDT · by blam · 19 replies
    TMO ^ | 9-13-2012 | John Williams
    Hyperinflation Is Virtually Assured – John Williams Economics / HyperInflationSep 13, 2012 - 01:41 AM By: Videos The Federal Reserve is talking about “unlimited QE,” or money printing, to boost employment. Economist John Williams says, “That’s absolutely nonsense. The Fed is just propping up the banks.” Williams says, “You’re likely going to see a dollar sell-off . . . That should evolve into hyperinflation.” Williams, “Doesn’t see the current system holding together without hyperinflation beyond 2014.” He contends the real annual deficit is “$5 trillion per year” and says, “That’s beyond containment.” Williams predicts, “Hyperinflation is virtually assured because the...
  • China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar

    09/12/2012 9:19:48 PM PDT · by Tolerance Sucks Rocks · 33 replies
    The Economic Collapse ^ | September 11, 2012 | The Economic Collapse
    The mainstream media in the United States is almost totally ignoring one of the most important trends in global economics. This trend is going to cause the value of the U.S. dollar to fall dramatically and it is going to cause the cost of living in the United States to go way up. Right now, the U.S. dollar is the primary reserve currency of the world. Even though that status has been chipped away at in recent years, U.S. dollars still make up more than 60 percent of all foreign currency reserves in the world. Most international trade (including the...
  • Martin Armstrong – Hotel U.S - You Can Check Out Anytime You Like- But You Can Never Leave

    09/12/2012 3:22:54 PM PDT · by appeal2 · 6 replies
    www.FinancialSurvivalNetwork.com ^ | 09/12/2012 | Kerry Lutz
    Martin Armstrong is an iconic investor who has called more market tops and bottoms than just about anyone else out there. He believes that hyperinflation will not occur in the US so long as there’s a functioning bond market. He believes that the government will be forced to drastically cut spending and cut back benefits. Social security will be cut, along with all major government programs. The bond vigilantes won’t have it any other way. This will lead to a lost decade, with price inflation starting in 2014 and a real collapse occurring after 2015. Whether his vision will come...
  • When, Not If, Inflation Returns

    09/10/2012 10:25:30 PM PDT · by blam · 21 replies
    The Daily Reckoning ^ | 9-10-2012 | Jeff Clark
    When, Not If, Inflation Returns By Jeff ClarkSeptember 10, 2012 The cheek of it! They raised the price of my favorite ice cream. Actually, they didn’t increase the price; they reduced the container size. I can now only get three servings for the same amount of money that used to give me four, so I’m buying ice cream more often. Raising prices is one thing. I understand raw-ingredient price rises will be passed on. But underhandedly reducing the amount they give you…that’s another thing entirely. It just doesn’t feel…honest. You’ve noticed, I’m sure, how much gasoline is going up. Food...
  • Hyperinflation – Still More Than A Monetary Phenomenon

    08/18/2012 1:45:55 PM PDT · by blam · 13 replies
    Pragmatic Capitalism ^ | 8-17-2012 | Cullen Roche
    Hyperinflation – Still More Than A Monetary Phenomenon 08/17/2012 1:15 PM Cullen Roche One of the bigger myths in the world of economics and finance remains the cause of hyperinflation. As I’ve highlighted many times over the years, hyperinflation is more than just a monetary phenomenon (and misunderstanding this led to many incorrect hyperinflation predictions in the USA in recent years). In fact, the monetary explosion is almost always the result of some other rare or extreme exogenous factor. My original conclusions on this found that hyperinflations tended to occur around the follow events: * Collapse in production. * Rampant...
  • PETER SCHIFF: We Are Sailing Right Into The Perfect Storm

    08/09/2012 7:15:56 AM PDT · by blam · 25 replies
    TBI ^ | 8-9-2012 | Sam Ro
    PETER SCHIFF: We Are Sailing Right Into The Perfect Storm Sam Ro Aug. 9, 2012, 9:26 AM Peter Schiff of Europacific Capital continues to sound the alarm on the risks of the government's mounting debt load and the Federal Reserve's low interest rate policy. Like Roubini and some other doomsayer, he employs the "perfect storm imagery." From a piece in King World News: The perfect storm is the real fiscal cliff that we’re going to go over. The real fiscal cliff is when we can’t borrow any more money because our creditors wake up to the fact that we’re no...
  • Small change sparks fights in coin-starved Zimbabwe

    08/11/2012 12:18:40 PM PDT · by DeaconBenjamin · 19 replies
    Mail & Guardian ^ | 05 Aug 2012 08:38 | Susan Njanji
    Shouting matches and even physical fights break out each time a minibus pulls up to drop off passengers at a crowded bus stop in downtown Harare. It's all about not getting short-changed. Hyperinflation forced Zimbabwe to trash its worthless local currency three years ago in a move that brought much needed relief to the crippled economy but created a surprising new headache: a lack of coins. "Change is a big problem, and at the same time passengers are impatient with us. I have been slapped a few times for not having change for them," said a bus conductor Walter Chakawata....
  • Pensions wrecked by new 27% cut (Bank of England money-printing)

    07/08/2012 3:15:39 AM PDT · by Olog-hai · 13 replies
    Daily Express (UK) ^ | Friday July 6, 2012 | Sarah O’Grady
    Britain’s pension system is in meltdown, with retirement payouts slashed 27 percent in just four years. Experts say the Bank of England’s policy of printing money to ease the country through the recession has destroyed the pensions industry and “impoverished more than a million pensioners”. And yesterday, in a fresh blow, the Bank’s policy makers agreed to more quantitative easing (QE), pumping an extra £50 billion ($77.4 billion) into the economy and boosting the money supply to £375 billion ($580 billion). William Hunter, director of Hunter Wealth Management, said: “The economy may need more QE, but pensioners need it like...
  • Global Inflation - waiting for a new Constantine

    05/31/2012 7:32:04 AM PDT · by se99tp · 1 replies
    Christian Concepts Daily ^ | May 31st, 2012 | Dr Norman Bailey
    It is worthwhile noting that inflation as a factor of global economic security has the innate capacity to upend carefully laid plans and further upset the equilibrium, being a source of economic hardship that only a limited number of state actors can affect via their national policies argue former Reagan advisor Dr Norman Bailey and Dr Alexander Mirtchev Governments everywhere are responding by devaluing currencies, applying price restrictions, raising interest rates or imposing currency controls — in a way, true to the legacy of Diocletian. In some cases, they are attempting to obfuscate price increases — by changing definitions, altering...