Discussion of Housing Bubble, US Dollar, Debt, Trade Deficit, Oil, Gold, Consumer Spending, Central Banks, Inflation, Outsourcing and the Bleak Future of the US economy
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Superb interview w/Peter Schiff discussing housing, debt, funny money, moral hazards, Congress, etc.
Bottom line: many dangers lie ahead with the likely end-game being a inflationary depression.
posted by Randy @ 6:39 AM
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****HOME--MAIN BLOG PAGE**** I’m 44yrs old, retired from the USAF & manage a Telecomm organization. I have been writing about our bubble economy since 2005 & many of today’s economic events were actually anticipated and forewarned of. You should know that the U.S. Housing Bubble was only the latest symptom of much larger fundamental economic imbalances that have been building for decades - due to poor monetary and policymaking decisions. With that, I personally feel a major economic transformation is taking place right before our eyes & the prosperous “good life” that we’ve enjoyed in the US is ending. I have unrelated Telecom Eng. & Eng. Mgnt. Degrees, but have spent many thousands of hrs studying economic issues – providing me with a strong understanding of “the big picture” *****Disclaimer***** These articles reflect the opinion of this author and are by no means a guarantee of future economic conditions. Additionally, these articles are provided for INFORMATIONAL PURPOSES ONLY and are NOT MEANT to provide investment advice to anyone. For investment advice, please consult with your professional financial planner
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I think Schiff is right, except I'm not so sure about the "inflationary depression."
I've been reading FOFOA, TAE, ZeroHedge, ShadowStats and other sites trying to make up my mind on where this is headed. If I take the strategy of 'plan for the worst, hope for the best' then hyperinflation is what scares me the most. Thanks, Randy.
The situation is such that the numbers, the mathematics of those numbers, control the unfolding of key events. You can't stop what's going to happen - it's too late for that.
The people who have responsibilities know the math. What they are doing is to play their games around it. To fit their agenda. The free market has been suspended. The manipulated market saturates the airwaves. Virtual reality replacing reality.
This is how all bubbles deflate, how empires die.
Infaltionary depression ? Depression Yes ! But inflation ? No way !! what we'll get is HYPER-DEFLATION !!
Why ?? Watch the $TYX anmd the $USB !!!
Rising interest rates will be the death knell for the US economy !
And for the US government !
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