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Archive for July, 2012

Not hyperinflation or deflation but destruction

No one gets the truth out of the whole hyperinflation/deflation debate.  Let me tell you the story as straight as I can.

The central banks of the whole will not allow hyperinflation.  Will not allow it.  Their clients are the banks.  Not speculators.  Banks do not like hyperinflation.  So it won’t happen.  There will be the odd sudden devaluation.  But not hyperinflation worldwide.

Nor will there be massive deflation.  There will be a continual, low, thrumming beat of churning bankruptcies and unemployment.  There will be ongoing malinvestments.  There will be the inexorable growth of state power and spending (just to keep the stupid banks alive with bond issuance).

We will have Japan.  By that I mean we will have every feature of the Japanese recession.  Asset deflation.  Unemployment.  Massive public debt with (irony of ironies) low inflation and low interest rates.  And, finally, an ENVIRONMENTAL CATASTROPHE THAT WILL DESTROY OUR ABILITY TO SUCCESSFULLY FEED THE POPULATION.

We will end up eating processed dirt, grubs made into meat substitutes, and other horrible scientific cancer-causing fake food disasters.  Just as there is counterfeiting of our money, the dilution of our currency, the watering down of our savings, there will be the slow, inexorable, imperceptible watering down of the food supply.  Sugar will be treated as poison… to be replaced by… artificial sweeteners (ie real poisons).  Milk will be treated as a poison… to be replaced by… artificial soy concoctions that are chemical based.  Get it?

That is something no one – no one – but yours truly is predicting.

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NotHaus in the Nut House

The exquisitely named Bernard von NotHaus was one of the world’s most skilled and experienced private minters in the midst of the craziest time in monetary history.  His Liberty Dollar coins are now collectables.  His ideas timeless.

Read about his sad story here.

He is now in the sights of the Feds, and will most probably go to jail – to be b*ttf**ked by convicts who know nothing of this monetary theories.

Gold lasts.

Fiat toilet paper doesn’t.

But don’t think that won’t stop the Feds killing or raping everyone who tries to escape the paper noose.

Bifurcating Bell Curves

The Makian Distribution is kicking in for most markets.  Wild volatility.  Either deflation/liquidation or inflation/hoarding.

Bonds – hoarding/inflation.  Corn – hording/inflation.   Stocks – deflation/liquidation.

Watch what happens next!

LIE. BORE.

The LIBOR scandal is so annoying precisely because it is NOT a scandal.  It is stale news, dressed up as a scandal, masquerading as a big deal.

We knew in 2008 – 2009 the rates were fixed.  And that’s what central banks do for a living.  The mainstream are getting hold of this now for reasons I don’t understand.  They want something to be done now.  But what?  And why?

Rigging the gold carry trade

Nasty story of gold price suppression here.

We only need one big buyer to push the eternal metal up again.

Categories: Miscellaneous Musings

LIBOR

London’s Incestuous Bankers Ogling Riches.

Categories: Miscellaneous Musings

I love the smell of economic fascism in the morning

Everyone and their dog has made a comment about CJ Roberts and his switcheroo on Obamacare.

What do I think?

Another in a long line of state to state kickbacks, where the poor citizen is the soccer ball.

 

Categories: Miscellaneous Musings