HYPERINFLATION WILL DRIVE GOLD TO UNTHINKABLE HEIGHTS

goldswitzerland.com ^ | December 31st, 2010 | by Egon von Greyerz

[flyingtabby]

ping

[flyingtabby]

“All you gold bugs will be in for a surprise if China or other hoarders dumps their inventory”

Which China might just do.

Additionally - the government still has the seizure laws from FDR’s day on the books.........

[B4Ranch]

Our US government is a mixed bag for the next two years with a GOP House, a 50/50 split Senate, and a Dem MUSLUM President.

[B4Ranch]

Obama is a Muslim wanabe or Wahabe

“One of the prettiest sounds on earth” is the Muslim call to prayer at sunset.
Barack Hussein Obama as quoted by Nicholas D. Kristof in the New York Times - March 6, 2007

• The FIRST thing Obama did as a newly elected Illinois State Senator was to attempt to declare a Muslim holiday. Obama sponsored Bill SR0110 in the 90th General Assembly to declare November 1, 1997 to be Islamic Community Center Day. It did not pass.
http://www.ilga.gov/legislation/legisnet90/summary/900SR0110.html
http://www.ilga.gov/legislation/legisnet90/srgroups/sr/900SR0110LV.html

• His biological father was a Muslim.
http://www.bing.com/reference/semhtml/?title=Barack_Obama%2C_Sr.&src=abop&qpvt=barack+obama+seniot&q=barack+obama+senior&fwd=1

• Because his biological father was a Muslim the Islam world thinks he is a Muslim.
http://voices.washingtonpost.com/behind-the-numbers/2010/08/obama_is_a_muslim_18_24_or.html?hpid=topnews
http://www.indonesiamatters.com/2952/barry-soetoro/

• His stepfather was a Muslim.
http://www.indonesiamatters.com/2952/barry-soetoro/

• As a child Barry was enrolled in school as a Muslim in Jakarta Indonesia. An Indonesian Madrasa.
Obama didn’t just study at a Muslim school, he was enrolled in mugaji classes (where devout Muslims learn the Koran in Arabic).
http://laotze.blogspot.com/2008/01/obama-and-inconvenient-truth.html

• Barack Hussein Obama’s first and middle names are Arabic Muslim names.
Barack was the name for Mohammad’s horse. Husein, enough said.
http://www.deseretnews.com/article/700246419/Barack-Muhammads-horse.html
http://sanooaung.wordpress.com/2009/01/22/will-be-obama-with-us-muslims-as-the-meaning-of-his-name-in-persian-language/

• Obama recited the opening lines of the Muslim call to prayer, which includes a vow of fidelity to Islam, in flawless Arabic on a radio program. - Nikolos Kristoff, NYTs, 3-06-07 (***this one is a gottcha moment***)
http://www.familysecuritymatters.org/publications/id.3413/pub_detail.asp
http://canadafreepress.com/index.php/article/11679

• On that same program he said he thinks the call to prayer is “one of the prettiest sounds on earth.”
http://jewagainstobama.wordpress.com/2008/03/03/obama-muslim-call-to-prayer-one-of-the-prettiest-sounds-on-earth/
http://caosblog.com/archives/7373

• Obama belonged to Rev. Wright’s (a former Muslim) church for twenty years. Many congregants are Muslims.
http://infidelsarecool.com/2008/04/07/jeremiah-wright-former-muslim/
http://infidelsarecool.com/2008/03/20/rev-wright-got-his-masters-degree-in-islam-in-west-africa/
http://endtimes.yuku.com/forum/viewtopic/id/289

• Obama’s said that the U.S. is “one of the largest Muslim countries in the world.”
http://blogs.telegraph.co.uk/news/tobyharnden/9959057/Barack_Hussein_Obama_US_one_of_the_largest_Muslim_countries_in_the_world/
http://www.weeklystandard.com/weblogs/TWSFP/2009/06/obama_america_one_of_the_large_1.asp

• Obama holds Muslim celebrations in the WH but canceled the National Day of Prayer.
http://www.associatedcontent.com/article/1724544/obama_cancels_national_day_of_prayer.html?cat=9
http://www.exposeobama.com/

• President Obama’s religious adviser, Eboo Patel, once deemed the United States “the ideal place for the renewal of Islam.”

http://atlasshrugs2000.typepad.com/atlas_shrugs/2010/06/-obama-tells-egyptian-foreign-minister-i-am-a-muslim-stealth-coup-on-the-white-house.html

• Obama does not give gifts on Christmas.

http://www.politico.com/news/stories/0708/12035.html

• Obama doesn’t celebrate his birthday.

http://thecaucus.blogs.nytimes.com/2010/08/04/a-tough-birthday-for-obama/

• Obama falsely attributes Muslim participation in the founding of America.
http://www.familysecuritymatters.org/publications/id.7041/pub_detail.asp

• Obama required that the cross be covered when he gave a speech at Notre Dame.
http://blog.acton.org/archives/9843-notre-dame-georgetown-and-president-obama.html
http://www.cbsnews.com/stories/2009/05/11/opinion/main5006203.shtml
http://dougpowers.com/2009/04/17/obamas-jesus-coverup/

• Christian symbol covered up during Obama’s Georgetown speech
http://myfaithspace.ning.com/profiles/blogs/obama-covers-christ-and-cross
http://www.cnsnews.com/public/content/article.aspx?RsrcID=46667

• Obama’s first major speech in office was a “Muslim outreach” speech in Cairo Egypt.
http://www.whitehouse.gov/the_press_office/Remarks-by-the-President-at-Cairo-University-6-04-09/
http://news.bbc.co.uk/2/hi/middle_east/8083171.stm

• “The American President told me in confidence that he is a Muslim,” said Egyptian Foreign Minister Ahmed Aboul Gheit on Nile TV.
http://barenakedislam.wordpress.com/2010/06/12/bombshell-egyptian-foreign-minister-ahmed-aboul-gheit-says-on-egyptian-tv-%e2%80%9cthe-american-president-told-me-in-confidence-that-he-is-still-a-muslim-%e2%80%9d/
http://www.wnd.com/?pageId=166905

• Obama gave strong support to the Cordoba House community center and mosque to be built at the Ground Zero site of Sep. 11, 2001 at a dinner celebrating the day’s end of the first day of Ramadan at the WH.
http://www.aolnews.com/surge-desk/article/president-obama-supports-ground-zero-mosque/19593492?ncid=webmail

• Obama tasked NASA with a mission of “Muslim outreach.”
http://technology.newsplurk.com/2010/07/nasa-and-islam.html

• Obama referred to his faith as “my Muslim faith” gaffe in an interview with George Stephanopolous.
http://www.youtube.com/watch?v=iQqIpdBOg6I

• Pushes Islamic freedom of religion but not Jewish or Christian freedoms. Several weeks ago he told Israel NOT to build settlements in East Jerusalem. But OK to build that Mosque at Ground Zero.
http://www.telegraph.co.uk/news/worldnews/middleeast/israel/7514285/Israel-spits-in-Obamas-eye-by-announcing-new-settlements-in-east-Jerusalem.html
http://www.guardian.co.uk/world/2010/mar/24/barack-obama-israel-settlement-plan

Be wary, wary aware ....and wary, wary afraid...get prepared for more creeping sharia...more than what is coming out of the White House today.

[Fireone]

And, they would be “dumping” their hoarde in exchange for
what?

[Frantzie]

You don’t get it. It is not gold and silver going up - it is the dollar becoming more and more worthless by the day. I am not a gold bug either but America is totally broke. Maybe turn off the Obama-fawning NFL for a minute.

Thank idiots who watch TV and are brainwashed in HD 24 x 7.

A nation of idiots who elected a muslim - 7 years after 9/11. Americans traded liberty for a TV clicker.

[Jet Jaguar]

Goldbug ping.

[JDoutrider]

*

[Misterioso]

Seizure laws? Seizure laws? We don’t need no stinking seizure laws.

[Fresh Wind]

Why don’t the prescient folks at “goldswitzerland.com” act on their own intelligence and hoard the gold they have instead of selling it to someone else? In other words, why are they so willing to hand off their future profits to someone else?

[cc2k]

flyingtabby wrote:

Additionally - the government still has the seizure laws from FDR’s day on the books.........

Laws? FDR didn't need no stinking law to seize gold. It was an executive order, issued in response to a "National Emergency" (which existed because he declared it to be a "national emergency").

Who was it that said, "Stroke of the pen, law of the land. Kinda cool!" That was FDR's way back in the day. He ruled by executive decree. FDR's methods led another world leader at the time to say, "I have sympathy for Mr. Roosevelt, because he marches straight toward his objectives over Congress, lobbies and bureaucracy."

[houeto]

Shelter, the means to protect it, food, and the means to produce and protect it will be absolutely critical to physical survival.

If you don't have a water purifier, get one.

[bert]

There is a problem. The piece does not define hyperinflation and is therefore correct in the prediction. The high, regardless of the actual value will be retro defined as hyper and therefore true.

My view is that the continuing devaluations and resulting price rises will be far less than a hyper rate. That means less than 10-12% per year for six or seven years. Rather than a steep gradient, the inflation will be strung out over a greater time.

I think in terms of the rule of 72. An investment doubles in a time that multiplied by a rate equals 72. Using this equation, at an inflation rate of 12% existing debt will be halved in 6 years. That is, the burden will gradually disappear and cease to be a problem.

The devaluation/inflation is by design and collusion between the various governments/central banks and is the only way to resolve the issue other than total collapse.

If money is properly invested in appreciable hard assets, the outcome will be favorable. If one has no money to invest and relies only on wages, there will not be much pain because wages will rise. The unions will crow about how they have forced wages to increase and folks will feel good. There will be a slight lag, but the principle holds.

Those on fixed incomes and social security will feel a lagging pain but the congress will make adjustments to relieve the pain of the induced price rises.

The problem with real estate will also gradually fade as prices rise back to former relative levels. People with mortgages under water will begin to sense the problem is declining as the inflation floats them upward.

There is however a possibility of serious difficulty to the solution. The continued accumulation of debt and near debt must be radically curtailed. The devaluation/inflation will not be a cure if the debt accumulation becomes chronic. That is why the Republican congress will take hold and put a damper on the debt increase while allowing the devaluation/inflation to continue.

[bert]

.....because Arete had already left then.....

Ahhh yes. I miss him.

[Fireone]

About halfway down the page....”China’s Increasing Importance to Gold”

http://seekingalpha.com/article/244286-review-of-2010-and-outlook-for-2011?source=article_lb_author_3_t

[palmer]

He he had been on and off 4-um due to illnesses. Then his wife posted this: “Hello to all— Richard asked me to tell you that he is out of circulation for awhile— he broke his leg and is in the hospital, moved to rehab today. The leg shattered when he fell. He has a rod and a few screws in it. He’ll be in touch when he’s home and feels better I’m sure.

Deb”

No posts since that one.

[Vermont Lt]

No kidding. I know this sounds cliche, but I have a friend who has a son that is a pretty well placed aide in the Senate. He was telling us about how these new guys were all in town since December, slopping up everything the lobby could throw in front of them.

I am not optimistic.

[palmer]

I should add, that post was last June 8th.

[cowtowney]

“And, they would be “dumping” their hoarde in exchange for
what?”

THAT is the question

[An Old Man]

"All you gold bugs will be in for a surprise if China or other hoarders dumps their inventory."

When. We want to know the date!