SI
SI
discoversearch

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 : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: RetiredNow who wrote (770341)2/22/2014 9:45:11 PM
From: Bilow1 Recommendation

Recommended By
bentway

  Read Replies (1) of 1574786
 
Hi mindmeld; Re shadowstat...

Before you believe their predictions, it might be useful to look at how they've done previously. (This is the standard that conservatives hold the climate scientists to and the climate scientists also fail miserably.)

From their website, their report of June 2008:

Events Moving at an Accelerating Pace Towards the Great Collapse Little has changed in the basic outlook. The U.S. economic and systemic-solvency crises of the last five years continue to deteriorate. Yet they remain just the precursors to the coming Great Collapse: a hyperinflationary great depression. The unfolding circumstance will encompass a complete loss in the purchasing power of the U.S. dollar; a collapse in the normal stream of U.S. commercial and economic activity; a collapse in the U.S. financial system, as we know it; and a likely realignment of the U.S. political environment. Outside timing on the hyperinflation remains 2014, but events of the last year have accelerated the movement towards this ultimate dollar catastrophe. Following Mr. Bernanke’s extraordinary efforts to debase the U.S. currency in late-2010, the dollar had lost its traditional safe-haven status by early-2011. Whatever global confidence had remained behind the U.S dollar was lost in July and August. That was in response to the lack of political will—shown by those who control the White House and Congress—to address the long-range insolvency of the U.S. government, and as a result of the later credit-rating downgrade to U.S. Treasury debt.

shadowstats.com

Oooops. Here it is 2014 and no hyperinflation.

Here's my prediction: They'll continue predicting the coming hyperinflation is "just around the corner" until their subscribers quit sending them money.

In fact, I believe, that in the fullness of time, we will see a true hyperinflationary depression. But we're not seeing one now. I suspect that the next hyperinflationary depression in the US won't happen for many decades.

-- Carl
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News