CAUTION: Monetary System Collapse (Youtube K. Denniger)

Youtube ^ | 15 September 2009 | Karl Denninger

[Errant]

Karl's Opus!

[blam]

US Credit Shrinks At Great Depression Rate Prompting Fears Of Double-Dip Recession

[goat granny]

That is exactly what the democrats did in Viet Nam...they are piles of bull, and our soldiers suffer for it....

[Errant]

Some say there is an inflation/deflation tug-of-war taking place. Prices of items that rely on consumer demand will fall while gold and silver due to serving as an alternative currency will soar.

[freespirited]

Wish he would tell us where we should we put our money.

[blam]

"Some say there is an inflation/deflation tug-of-war taking place."

I agree.

I think food is one of the items that will inflate in an overall deflating economy...oil may inflate also.

[Trod Upon]

I think we’ll get another deflationary slide as the damage of ever-increasing unemployment begins to be felt in earnest. Then we’ll go into hyperinflation as the presses keep running to fund all the leftist wet dreams and parasitic government employees. Basically, if you can go into another stable currency (and country), you can make a killing buying hard assets during the coming collapse.

[Darnright]

Placemark

[Errant]

FWIW, Gerald Celente says he is 80% in gold. The rest equally between the dollar and the euro.

There are plenty of other investments.

[Errant]

I agree with you on food prices. I’m not too sure about the price of oil at least in the short term.

[himno hero]

He is not far wrong when it comes to the Obama playbook.

It was written years ago for anyone who wanted to take any nation into communism the surest and quickest way was to debase the currency. This can be accomplished by huge debt. Basically , you bankrupt the country.

Thus it is that silly dude is not that silly.

[Errant]

I’m with you and will buy gold and silver if the price falls some as I expect it might if the equity markets tumble. With some of the other hard assets, there may be a longer wait for prices to rise.

[allmost]

I agree with you.

[BooBoo1000]

Too many self appointed “ Blabbers” in the news today.I wish they would publish a list of their life time accomplishments before posting themselves as the great “ Know it all::

[allmost]

I’d like to se, hickup what the hell....

[allmost]

i have a feeling your accomplishments far out way theirs.

[Errant]

Here ya go: Results 1 - 10 of about 526,000 for karl denninger bio.

[justa-hairyape]

Gold stays at $1000.

Gold and Silver are cranking right now. Gold = 1,015. Silver = 17.25 .

[djf]

Hyperinflation nation

http://news.goldseek.com/GoldSeek/1253081100.php

[Errant]

Wow, I believe the previous record high for Gold was $1,011 and for only a brief moment.

[justa-hairyape]

I thought we would see a pull back, but no head yet. All shoulders so far. Perhaps the Chinese have decided to go all in. Their government just recently encouraged their citizens to buy and own gold and silver. That is over a billion new buyers.