The Federal Reserve is already printing like a mad dog, but if other central banks join in, as Roubini says they will, then we could be in for the first massive global price inflation. Think of it as a hurricane surrounding most of the globe.The new QE season is about to start as advanced economies sink into a double dip: BoJ, BoE, SNB, Fed, ECB...
Until now, destructive price inflation has been limited to specific countries. The one worlders who want to co-ordinate bank activities around the world may just co-ordinate us into a massive stampede into gold and silver, in the not too distant future, as inflation soars globally.
I'm not a wonk but predicted this three years ago. I also think they are trying to perfectly offset price deflation with inflation, so that prices appear somewhat stable.
ReplyDeleteThe one worlders who want to co-ordinate bank activities around the world may just co-ordinate us into a massive stampede into gold and silver
ReplyDeleteOr, more likely, unfortunately, into a one world fiat standard.
Inflation and IP theft/espionage probably account for US corporate successes in recent years.
ReplyDeleteDeep Politics Forum:
"Echelon Cubed
Last week, Softpedia revealed that "Google has admitted complying with requests from US intelligence agencies for data stored in its European data centers, most likely in violation of European Union data protection laws."
"At the center of this problem," reporter Lucian Constantin wrote, "is the USA PATRIOT ACT, which states that companies incorporated in the United States must hand over data administered by their foreign subsidiaries if requested."
"Not only that," the publication averred, "they can be forced to keep quiet about it in order to avoid exposing active investigations and alert those targeted by the probes."
In other words, despite strict privacy laws that require companies operating within the EU to protect the personal data of their citizens, reports suggest that U.S. firms, operating under an entirely different legal framework, U.S. spy laws with built-in secrecy clauses and gag orders, trump the laws and legal norms of other nations.
Given the widespread corporate espionage carried out by the National Security Agency's decades-long Echelon communications' intercept program, American firms such as Google, Microsoft, Apple or Amazon may very well have become witting accomplices of U.S. secret state agencies rummaging about for "actionable intelligence" on EU, or U.S., citizens.
Indeed, a decade ago the European Union issued its final report on the Echelon spying machine and concluded that the program was being used for corporate and industrial espionage and that data filched from EU firms was being turned over to American corporations.
In 2000, the BBC reported that according to European investigators "U.S. Department of Commerce 'success stories' could be attributed to the filtering powers of Echelon."
...mmm... only total idiots keep sensitive information "in the cloud", on out-sourced services such as Google's.
ReplyDeleteEncryption is your friend.