Welcome to Slider's Dugout Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Welcome to Slider's Dugout

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Fiscally Conservative who wrote (11508)	9/8/2008 9:18:45 AM
From: jim_p	9 Recommendations Read Replies (3) of 50756

He does predict hyper-inflation, but still gives a small chance to deflation/depression. He has a good web site and I would recommend everyone to take the crash course on his web site. Even though the bond markets have been looking past inflation and pointing towards deflation, I have to agree with him that the end result will be hyper inflation for a number of reasons. The one reason that’s hard to dispute is as a result of the 100+ trillion unregulated derivatives market, companies/countries of almost all size are now too big to fail and even a medium sized company can now bring the whole system down. Warren Buffet has been warning about this for years and is on record for stating that it’s a nuclear bomb waiting to go off. The unwinding of the largest credit/housing bubble in history will continue to reveal a large number of weak companies/consumers that need to fail, but as we continue to bail out more and more the Fed will have to eventually have to print massive amounts of money and this will cause the USD to fall and inflation to take off. With the credit markets closed to almost anyone who really needs to roll over debt in a bad way the only source of credit will be the Fed. The country is already broke and there is no way it could ever pay off its debts. It’s only a matter of time before a triggering event takes place for people to wake up and lose confidence in the USD. After all the only thing preventing a USD crash is confidence and at the rate we are bailing out the system, that confidence will soon be gone. The only risk to going into deflation would be if the Fed and the Treasury would sit on their hands and do nothing and with Hank and Bennie at the helm the odds of that are pretty close to zero. So far they have both been very proactive. I started buying physical gold for the first time last week and every place I went I heard the same story……that they can’t keep enough gold in stock. I would use this stock rally to sell stocks and start loading up on gold. Jim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next