Could the Weimar Hyperinflation Happen Again in America?

This is a discussion on Could the Weimar Hyperinflation Happen Again in America? within the Economic & Fundamental Analysis forums, part of the Methods category; I havent seen the Bob Prechter interview on you tube but its available here under sept 5th; Financial Sense Newshour ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Sep 13, 2009, 3:40pm   #211
Joined Oct 2008
I havent seen the Bob Prechter interview on you tube but its available here under sept 5th;

Financial Sense Newshour with Jim Puplava
__________________
I think myself that we have more machinery of government than is necessary, too many parasites living on the labor of the industrious.
poborsky is offline   Reply With Quote
Old Sep 13, 2009, 5:29pm   #212
 
montmorencyt2w's Avatar
Joined May 2008
montmorencyt2w started this thread
Quote:
Originally Posted by poborsky View Post
I havent seen the Bob Prechter interview on you tube but its available here under sept 5th;

Financial Sense Newshour with Jim Puplava
Thanks for that; fascinating. Curiously, I don't think Prechter and Schiff are quite so diametrically opposed in some ways, as it might seem; at least that's the way I interpret it.

Another good interview on that site:

Marc Chandler, Author of "Making Sense of the Dollar: Exposing Dangerous Myths About Trade and Foreign Exchange"

Edit: Also: 21st August 2009: Jack D. Schwager
__________________
Regards,
Mike
--
Still learning my trade.

Just because it worked, it doesn't mean that it works.
Think of losing trades as your training fees.

Last edited by montmorencyt2w; Sep 13, 2009 at 5:40pm.
montmorencyt2w is offline   Reply With Quote
Old Sep 13, 2009, 8:41pm   #213
 
N Rothschild's Avatar
Joined Oct 2008
Quote:
Originally Posted by montmorencyt2w View Post
I couldn't find that specific Prechter interview on YouTube, but found similar, expounding his deflation argument.

Meanwhile, here is Peter Schiff on Gold.

fkin retard
__________________
"Let me issue and control a nation's money and I care not who writes the laws." Mayer Amschel Rothschild

Bullsh!t, Bearsh!t all smells the same to me!

"It is not cheap to develop automated systems , mine already cost over $1m. " oildaytrader
N Rothschild is offline   Reply With Quote
Thanks! The following members like this post: Black Swan
Old Sep 13, 2009, 8:45pm   #214
 
montmorencyt2w's Avatar
Joined May 2008
montmorencyt2w started this thread
Quote:
Originally Posted by N Rothschild View Post
fkin retard
Me? Him? In either case, please justify.

Actually, that's not exactly the best of his YouTube videos, although that is partly because he had to compete with a lot of "background noise", both in a literal and metaphorical sense.
__________________
Regards,
Mike
--
Still learning my trade.

Just because it worked, it doesn't mean that it works.
Think of losing trades as your training fees.
montmorencyt2w is offline   Reply With Quote
Old Sep 13, 2009, 8:48pm   #215
 
N Rothschild's Avatar
Joined Oct 2008
him
__________________
"Let me issue and control a nation's money and I care not who writes the laws." Mayer Amschel Rothschild

Bullsh!t, Bearsh!t all smells the same to me!

"It is not cheap to develop automated systems , mine already cost over $1m. " oildaytrader
N Rothschild is offline   Reply With Quote
Old Sep 15, 2009, 11:38pm   #216
Joined Nov 2008
Quote:
Originally Posted by N Rothschild View Post
fkin retard
Good God, is Schiff still going on and on about fooking gold? The tw@t's been saying the same stuff for 5 years...whatever...

P.S. I've got Krugs, Pandas & sovs, only 'cos they're; nice, shiney, portable and v. easy to convet to useless cash at the drop of a hat.
Black Swan is offline   Reply With Quote
Old Sep 15, 2009, 11:40pm   #217
Joined Nov 2008
Quote:
Originally Posted by Ingot54 View Post
It is very clear to anyone who is even half interested, that the USA does NOT intend to repay its debts. For starters, they do not know how to even begin, and no one is keeping account of who is getting what, and who is repaying what.

China is correct to be fearful that they are devaluing the US Dollar. Chinese refusal to participate any further in the Bond Auctions, hastening instead in their active pursuance of the B.R.I.C. group currencies to establish SDR's (Special Drawing Rights) is an ominous signal that within a few years they intend to replace the USD with the Renminbi as World Reserve Currency.

Why else do you think the Chinese are refusing to allow the Renminbi to appreciate? They have the best exporting deal on the planet, based on a solid currency, and the backing of Brazil, Russia, India and themselves. There is no reason to pander to US debt any longer than is necessary - thus the shunning of the Bond Sales.

People who think there will be no hyperinflation are delusional - still locked into pre-2007 economic thinking. The only way the USA will be able to survive when external borrowing fails, is to print up money a la Zimbabwe-style. The argument that the USA is too big to fail, and that we need the participation of the UA to continue to run the world markets is the furtive bleating of a sacrificial lamb, about to be savaged by the Eastern Bloc Cartels.

I do not have to be right about this. Under any economic plan, Hyperinflation is now inevitable. The question should instead: "How can Weimar-Style Hyperinflation be AVOIDED?"

I just have to be an observer. The USA has lost it big time. They simply have no clue ... images of a headless chook spring to mind. Unemployment still rising, and they speak of the green shoots of a recovery. I sincerely hope they are correct - but when you purchase your own bonds, and then use the cash you just printed to support the S&P 500, you create an illusion that all is well - that investors are rushing back into the markets.

Since March 2009 to September 2009, the USD has been devalued almost 13.5% - from an Index of 88.5 to 76.6 at the close this week.

Gold is rising, Silver is rising faster, and any person who is doing the wekly shopping is well aware that we do NOT have deflation of prices - we have an almost weekly INFLATION of the prices of our food.

Our petrol is almost back to the level we were paying when Crude was USD$1.46/bbl yet Crude is still priced at only USD$70/bbl.

Higher energy prices were what precipitated the defaults, as people simply had their spare $$ sucked up by the greedy Oil Cartels, and speculators and hedgies pushed the price to dizzy heights, caring little of the destruction this was causing in the world economy.

Consumers and producers alike had to endure ever-increasing energy costs, which simply fed through to the retail end, inflating all along the price chain as it went.

Few people will discuss the role of high energy prices in the collapse and the WFC, but in my mind it is a simple equation. When next oil breaks USD$110/bbl (here insert your own arbitrary figure - who really knows) we will again see a spectacular collapse, but this time, there will be rapid capitulation of many markets.

The recent painful memories of the past 2 years will rapidly return to haunt even the smallest and most optimistic investor.

If you think I'm nuts about this ... think again.

Look at this - I rest my case.

Quality posting there bud, enjoyed reading that.
Black Swan is offline   Reply With Quote
Old Sep 15, 2009, 11:56pm   #218
 
Ingot54's Avatar
Joined Jan 2005
Leverage

Quote:
Originally Posted by montmorencyt2w View Post
.

Speculators - like you and me, you mean? :-)


I do agree with your posting however.
Unfortunately.

Alan Grayson clip: That has been posted here before, and is still painful to watch.
"We do not have the authority to audit the Federal Reserve ..." (or similar wording).
If not, then who?
If no-one, then to whom are they accountable?

Beggars belief.
Yes - I saved the lnk for the Vid - just forgot where I snatched it from.

But as I see this, the speculators (we are not in the same class - we follow them) are driving up the cost of Crude, hoping to make $20 million or so. But the roll-out effect on the Global economy of their making that $20 million, may be several trillions of dollars.

My question to the economists of the USA: "Is it worth allowing a few hedge funds to make $20 - $100 million dollars (name a figure), while leveraging that across the planet to cost people hundreds of billions?"

The next moon shot in oil will be the proverbial last straw!
Ingot54 is offline   Reply With Quote
Old Sep 16, 2009, 8:20am   #219
Joined Oct 2008
Quote:
Originally Posted by N Rothschild View Post
fkin retard
Another "retard" for you to listen to.

__________________
I think myself that we have more machinery of government than is necessary, too many parasites living on the labor of the industrious.
poborsky is offline   Reply With Quote
Old Sep 16, 2009, 8:33pm   #220
Joined May 2004
Quote:
Originally Posted by poborsky View Post
It will not be long until energy demand from the emerging Asian economies rises to take up the slack and then the crunch will occur. The truth is that supply can no longer be increased to keep up. The subsequent rise in energy costs will be catastrophic for western economies in particular. The game is up. There is no plan b.
Everyone seems to think that the emerging economies of China and India will save the world, but the consensus are almost always wrong.

There was a huge oversupply in the world economy which created the credit bubble. This is now starting to unwind. The flood of cheap, paper money has also created bubbles in Chinese property and stocks. Chinese manufacturing, industry and production of goods has also boomed off the back of a credit-binged U.S. and global economy.

The stimulus money- which came from either reserves (creamed from the oversupply) or printed money (in the case of debtor nations such as U.S. and U.K.) has helped to reflate the economies in the hope that the economies will be ignited and can get back to where they were.

Since the relaxing of the gold standard in 1971, the U.S. has printed trillions of free money, which has allowed us to live beyond our means, which we also now foolishly see as our god-given 'standard-of-living'.

If you look beyond the stock rally and the business/consumer confidence rallies (confidence instilled by the stock rally) you will see that the outlook for the global economy is rotten. High levels of unemployment, credit de-leveraging, banks failing to lend to small/medium business, foreclosures etc.

In my opinion, the rally from the March lows is false and has been created using the stimulus money and P.R. exercises such as the 'stress tests' and the lip service that we receive from G20 leaders and the corporate-owned news outlets, who have said on record before that they give us the news that THEY want us to have.

Bernanke and co coming out from the stress tests and predicting another Lehman would’ve been financial suicide and would’ve immediately caused bank runs and further meltdown.

And so we are continuing this game. The creators of our flawed fiscal policy and failed regulation are scrambling around, injecting billions into markets and telling us that we have emerged from the crisis safe and sound.

If you look beyond the smoke and mirrors, you will see articles that should at least give a conservative approach to the bull run- moodys this week predicting 100bn of further UK bank losses, Central Banks such as Brazil saying that they are using IMF stimulus money to sell US dollars, the U.S. money balances collapsing, the derivatives timebomb, commercial property etc.

The entire global economy has been built beyond its means to accommodate a US economy, whose GDP is a mind-boggling 70% consumer-led.

To summarize, the game is up for the global economy built on fiat money and once the sugar-rush of the stimulus wears off; THEN we will see where we stand.
SAINT is offline   Reply With Quote
Thanks! The following members like this post: N Rothschild , Ingot54
Old Sep 16, 2009, 8:47pm   #221
 
montmorencyt2w's Avatar
Joined May 2008
montmorencyt2w started this thread
Quote:
Originally Posted by Ingot54 View Post
Yes - I saved the lnk for the Vid - just forgot where I snatched it from.



The next moon shot in oil will be the proverbial last straw!
Yes, although I don't think it can only be the speculators driving it up. After all they can get quite rich shorting it can't they? I'd be quite happy to help short it back down to $45 or so.
__________________
Regards,
Mike
--
Still learning my trade.

Just because it worked, it doesn't mean that it works.
Think of losing trades as your training fees.
montmorencyt2w is offline   Reply With Quote
Old Sep 16, 2009, 8:59pm   #222
Joined Nov 2008
AEP at The Telegraph on the money again...

The comments at the foot of the article are even better. Liam Halligan at the Telegraph is v. impressive recently too...

US credit shrinks at Great Depression rate prompting fears of double-dip recession
Both bank credit and the M3 money supply in the United States have been contracting at rates comparable to the onset of the Great Depression since early summer, raising fears of a double-dip recession in 2010 and a slide into debt-deflation.


US credit shrinks at Great Depression rate prompting fears of double-dip recession - Telegraph
Black Swan is offline   Reply With Quote
Old Sep 16, 2009, 9:02pm   #223
 
N Rothschild's Avatar
Joined Oct 2008
surprised attila is still touting inflation being a telegraph reader
__________________
"Let me issue and control a nation's money and I care not who writes the laws." Mayer Amschel Rothschild

Bullsh!t, Bearsh!t all smells the same to me!

"It is not cheap to develop automated systems , mine already cost over $1m. " oildaytrader
N Rothschild is offline   Reply With Quote
Old Sep 16, 2009, 10:03pm   #224
 
Atilla's Avatar
Joined Nov 2006
Quote:
Originally Posted by N Rothschild View Post
surprised attila is still touting inflation being a telegraph reader

Hey dipstick, I can see you missed me but you are cheap piece of ****. You know that already don't you because you feel pretty lousy most of the time.

Like a juvenile delinquent the only way you get any attention is by being a bitch.


If you look through T2W posts you will see when utility prices were going through the roof, I said the rise in energy prices were a ploy by this Brown government.

The trick back then was to ease off inflationary pressures by allowing the utilities in effect to tax consumers.

I also predicted there would be a windfall tax on utility profits which will then go into the coffers of the labour party in giving away budget incentives.

This time round majority of the rate drop was due to fall in electricity and gas prices. I suggested this would be the case before the elections which Labour government would claim as their good work.


If you don't start posting some sensible posts you will be going into my ignore list because you are obviously a witless dork and I'm tired giving you attention.
__________________
Know your L I M I T A T I O N S

Last edited by Atilla; Sep 16, 2009 at 10:23pm.
Atilla is online now   Reply With Quote
Old Sep 16, 2009, 10:04pm   #225
Joined Jul 2009
give him a break - he`s been waiting for the stock market to crash since april
shatztrader is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
What will happen on 20 April ? cognate Indices 8 Apr 21, 2009 11:22pm
Hyperinflation warning fibonelli The Foyer 24 Feb 1, 2009 6:36pm
what I think will happen in the coming week thebull27 Forex 1 Jan 30, 2007 10:58pm
Weimar Collapse Curve TWI Technical Analysis 2 May 2, 2006 11:06am
Anything can happen... rossored Technical Analysis 2 Jul 9, 2003 3:47pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)