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; No hyperinflation. Discussion over....

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Old Jul 20, 2009, 4:14pm   #71
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No hyperinflation. Discussion over.
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Old Jul 20, 2009, 5:23pm   #72
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Originally Posted by Genics View Post
are you serious? everyone in the media is claiming hyperinflation? so how am i "one of those"..and since when did i say there wasn't going to be a recession?

ok laugh at it if you want, but your not even explaining why you think there will be hyperinflation and how it will happen.
what media have you been watching Alex Jones tv. i am talking about media in general. i.e. CNN, Fox, CNBC, Bloomberg etc. who are the jokers talking about deflation and laught at the ones talking about depression, have you even seen the peter schiff video on youtube posted on this forum under genius heading, if not i guess you should watch it and open your eyes on your beloved media.

i have allready explained it before why hyperinflation would happen, but i guess your going to ignore it as it doesnt suit your opinion.

you are clearly following the guys who didnt expect a recession and thats why i said you didnt expecvt one, cause i bet you didnt,even though you will deny it now. But those so called great economists who are now talking about deflation and the same fools that were laughting at us when we were saying theres a financial crisis coming,

it is better to revist this thread in a year or 2. but i would like to know your pridiction of what will happen by 2012.
i belive there will be a depression.
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Old Jul 20, 2009, 5:44pm   #73
 
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your just talking **** now and making sweeping general statements, i don't even watch cnbc and the like, let alone pay any attention to them. i have already quoted one person i follow closely and agree with, he is certainly not a main stream media person.
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Old Jul 20, 2009, 7:12pm   #74
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Jim Rogers on USD

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Old Jul 20, 2009, 7:33pm   #75
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Tarp could eventually cost 23.7 trillion!

U.S. Rescue May Reach $23.7 Billion, Barofsky Says (Update1) - Bloomberg.com
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Old Jul 20, 2009, 8:59pm   #76
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I dont pretend to know much if anything about economics but it would be nice to know what to look out for. Some people are saying hyperinfaltion some people are saying deflation.

I'm curious as to what the warning signs are for each option. As far as I understand it in hyperinflation you would get increases in commodity prices(shoot me down if im wrong). So for example if I saw gold shoot past $1000 I'd assume hyperinflation is happening and I must act to protect myself.
I'm not really sure what you'd do in deflation. Any ideas genics??
Any ideas from anyone really.

P.S a nice heated argument is always interesting but wouldnt it be better to just know the available options and know the warnings signs for each option so you can act accordingly? Cant help thinking if your views are wrong you wont be able accept your wrong and so you wont act to protect your wealth.
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Old Jul 20, 2009, 9:50pm   #77
 
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Originally Posted by Technically Fundamental View Post

Do you know how middle eastern banks work?
No!

and...

how do they work???
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Old Jul 21, 2009, 2:24am   #78
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Originally Posted by Genics View Post
your just talking **** now and making sweeping general statements, i don't even watch cnbc and the like, let alone pay any attention to them. i have already quoted one person i follow closely and agree with, he is certainly not a main stream media person.
i am talking **** whats that what you been saying since the start of this thread.

you are just contridicting your statments now, first you say media talks about hyperinflation when there not and now you dnt watch them,

who ever that person you follow is, must be a fool and i advise you to stay away from him, you might not watch the media but im sure hes glued on to cnn, fox and the like.

well again like i said no point in discussing this as we might is well wait a year or two and i am still waiting for your pridcition by 2012, which you keep ignoring,
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Old Jul 21, 2009, 2:27am   #79
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Martin Weiss: A Depression Is Unavoidable

Written by HardAssetsInvestor.com Wednesday, 29 April 2009 14:00 Page 1 of 2Mike Norman, anchor, HardAssetsInvestor.com (Norman): Hello everybody, and welcome to HardAssetsInvestor.comís interview series. Iím Mike Norman, your host. Well, are we headed for a depression, and if so, what can you do about it? My guest today is here to tell us. He is Martin Weiss, author of the ďThe Ultimate Depression Survival Guide,Ē and economist. Martin, thanks for joining me on the show.

Martin Weiss, author, ďThe Ultimate Depression Survival Guide,Ē (Weiss): Thank you for having me.

Norman: Well, the book just came out recently and it shot up to the No. 1 position on the Wall Street Journal Book Review and also on Amazon.



Click the image to open in full size. Weiss: Itís No. 1 on Amazon and it's on the Wall Street Journal best-seller list. Itís not No. 1 on the Wall Street Journal yet, but it should be soon.

Norman: Hopefully after this program, it will be. So the book is titled ďThe Ultimate Depression Survival Guide.Ē We discussed it a little bit. Youíre obviously worried about things that might happen Ö the situationís looking pretty scary for lots of people right now. What youíre saying ... look, if we go into a bad period, there are things you can do, there are things to protect yourself. Thatís what you talk about in the book. Letís get a little bit of an overview.

Weiss: Well, first of all, whenever you see a government-inspired intervention, a government-inspired rally in the stock market or a recovery in the economy, to me thatís an opportunity to get out.

Norman: Really?

Weiss: Thatís an opportunity to do what you wish you had done in 2008 before the stock market tanked. Itís what you wished you had done with your real estate properties before the real estate market collapsed.

Norman: But what if you had done that, though? Letís look back in history. It seems from that statement that you just made, you are averse or you view government intervention as a backstop, as a countervailing force in an economic downturn Ė you see that as bad. But what if you would have gone against that in the 1940s? You would have lost a lot of money.

Weiss: Oh of course. It depends on time. Iím saying in this era, in the beginning of the 21st century, we are in a decline, fundamental decline thatís going to continue, but itís not a straight-down move, just like any market. Therefore, when you have a countermove, thatís your opportunity to sell; thatís your opportunity to reduce your risk and build cash. Now we have, because the government has done so much, and I know youíre in favor of that ...

Norman: I am.

Weiss: ... but precisely because the government is doing so much, you may have a bit of an uptick, but I donít see it as a change in trend. I think that a depression, a deep depression is essentially inevitable and unavoidable. Let me explain what I mean by a depression. A depression is a multiyear decline in the economy, bring massive unemployment and delivering widespread financial losses to the majority of the population.

Norman: All right, but by that definition, weíre already in it.

Weiss: Exactly my point. You guessed what I was about to say, and itís that weíre already in it, but thereís no sign thatís it over yet. Thereís a lot of hope that it would end prematurely, but I donít think it will, and Iíll explain why.

Norman: Now, things are bad; Iím going to let you explain why. But just from the standpoint of observation, things are bad; thereís no question. Twelve million people have lost their jobs in the last year, the stock market has experienced one of the worst declines in history, not just here but around the world. We have a massive credit crunch and problems in the banking system. Yet when you walk around here in New York and other places around the United States, you donít see soup lines, you donít see the sort of visuals that we at least read about from the Great Depression.

Weiss: Weíre not there yet.


Norman: Things are bad relative to where they were. But are you saying theyíre going to get that dire?

Weiss: Itís going to get much worse, but itís not the end of the world. Thereís one thing I agree with on about what you said. You walk around, buildings arenít destroyed, the lights are still on, the Internet is still up, and we still have the fundamental strength of our countryís infrastructure. So weíre talking about a financial economic crisis, not the destruction of our society or our country. Based on that fact, thereís still hope; this is not the end of the world.

A depression, even a severe depression like we had in the 1930s, was not the end of the world. So that then is an opportunity for you as an individual to protect your assets now, build up a nice nest egg of cash, put it in a truly safe place, and then wait for the opportunity to buy what I call the big bottom. This is not it yet.

Norman: OK. So that answers the question I was about to pose to you. Itís not too late for those who have been watching this horrific decline and the problems in the economy, and saying, itís too late, Iíve missed my opportunity to protect what I have. Youíre saying itís not too late?

Weiss: The cup is still half full, and if you only have half of your portfolio left, itís still half full. And one more point: If Iím right that real estate prices and stock prices and other prices are going to continue going down, that means that your half-full portfolio will be worth a lot more in the future, provided you can preserve what you have today.

Norman: Weíre going to talk about some of the strategies, but I want to touch on one point, because it seems to me that you feel what will instigate this or cause it to become very severe - you mentioned it before, you alluded to it - is the government. In what way though? Are you talking about an inflation?

Weiss: Higher interest rates - not inflation, but higher real interest rates. Let me explain why. The governmentís deficit this year is going to exceed $2 trillion even with the best of economic assumptions. If Iím right about the scenario, youíre going to see that deficit perpetuate itself and get larger. Thereís only one conclusion: Interest rates must go up.

Norman: But Martin, that flies in the face of facts. I mean look, in 2000 we had a surplus of 250 billion, weíre about to have a deficit of 1.8 trillion and interest rates went from 6.5% to zero; they didnít go up. So why are they going to go up this time?

Weiss: The deficit is coming now, thatís what driving the interest rates, and interest rates are driven by a combination of factors. One is sinking demand for Treasury securities, the other one is rising supply of Treasury securities, and a third one is a revival of inflation. You put it all into the soup, and short term, the Fed can keep short-term interest rates down, but it canít control long-term interest rates.

Norman: I say interest rates are a parameter set by the central bank, period. Anyway, stick around, weíre going to have the second half of my interview with author Martin Weiss, and weíre going to talk about some strategies about how to protect your assets and come out of this looking good. So folks, come back to this site, HardAssetsInvestor.com. Weíll have the second half of the interview with Martin Weiss. Take care for now; this is Mike Norman.
Be sure to check back for Part II of our interview with Martin Weiss
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Old Jul 21, 2009, 2:28am   #80
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The Financial Barbarians at the Gate

Guns & Butter Interviews financial economist and historian, Dr. Michael Hudson.

"The Financial Barbarians at the Gate" with financial economist and historian, Dr. Michael Hudson. Europe; worsening financial situation and

indebtedness; the history of banking and the criminalization of the banking system; tax policy; real estate asset inflation; US imperialism via the

monetary system; neoliberal/neofeudal economics; classical political economy; finance capital breaking away from industrial capital; the

financial crisis leading to a political crisis; similarities with the Roman Republic; what measures labor should take.




Please Click here to Download the Audio File. Listen to it on your PC/Mp3/iPod etc

Trust me u would love it!
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