Posted on 01/21/2012 11:31:56 AM PST by blam
WHY is hyperinflation the only tool left? There are a few other arrows in the quiver, one of which is to simply deny payments to the “entitled” people, putting them on “workfare” like growing gardens, or applying mechanical skills to make existing infrastructure work at least part of the time, and another would be dropping the tax rate to zero. Eventually, some organizer will rise up among the masses, and depending on manipulative skills and oratory, might even get together some sort of cadre to bring organization back to chaos.
Atlas has shrugged, and the John Galts have walked away.
I also don’t trust SLV and GLD to have the bars they claim. That’s why I go with coins in hand and DBS and DGL. Those funds are strictly futures.
The only question remaining (for me) is when will this house of cards fall. How much longer will the “powers” be able to keep kicking that can?
Any opinion?
bump
For those with the energy to read the article just conclude that the author is conflicted.
He talks a great deal about how hyper-inflation is the only option left and just around the corner...but then goes on to enumerate the signs and reality of enormous, catastrophic deflation.
It's probably a good illustration of how the rest of us feel sometimes.
-——USGovt payroll tax withholdings——
I searched but could not find a table of values nor a chart showing monthly valuations for payroll tax withholdings. That chart would certainly tell the story of employment. The fact it can’t easily be found means it doesn’t exist or is carefully hidden.
Some one with better search skills could do us a great service by finding it.
I also don’t think universal hyperinflation is certain. I have long thought there will be inflation, even massive inflation, but it will be of a controlled nature. my guess is 7 to 10 % tapering to 7 or 6% sustained for say 5 or 6 years.
Will government intervention effectively mean that PMs will only trade in an underground fashion? Will governments force all legal commerce to be conducted in arbitrarily valued fiat?
Could someone comment on the reliability of this analysis?
Who will profit if there is a huge flight to PMs?
I noticed that this article is on a site touting the Elliot Wave and deflation.
“IF YOU DON’T GOT IT, YOU DON’T GET IT”.....
A very old tool.
An extremely succesful tool.
I have predicted the economic collaps of the European Union for nearly a decade now (Yeah, I know, I was late to the party.) I have also predicted that this would be how it ends - plans of the elites to the contrary.
I still hold to both.
End of last year, they had a really smart think tank guy on one of the FOX business shows (Varney probably) where the different economic scenarios were hashed out. At the end of the very good and informative discussion the guest was asked for his prediction. His answer was “war”.
I read an article the other day that said the government could 'kick the can down the road' once, maybe twice, within the next five years. It implied that the jig was up when the can could no longer be kicked. So...five years or less?
Conflicted?
Definately.
The idiot that wrote this has a PhD in statistics.
And you?
Nothing in this world is “permanent”. That being said, that’s about the only area I disagree with this author on.
I read that rail shipments had plunged at the end of the year.
Bump
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