Jim Rogers tells it like it is.
In the EPJ Daily Alert, I have been pounding away at the fact that no new QE is required, that the money supply (M2) is exploding. Rogers correctly points to this money growth in the clip below.
Also, Larry Kudlow is correct in his view that the European Central Bank is likely to join the Fed in the money printing. If they do, it will be the first time ever that the world could face a massive global inflation.
Kudlow is correct that the stock market will skyrocket under these conditions and Rogers is correct that commodities will soar.
Prepare yourself for climbing prices like you have never seen before, to differing degrees both Rogers and Kudlow know what is coming.
The global terrorists need *HUGE* price inflation in order to "write-down" their *HUGE* debts. What the terrorists can't steal in taxes they will steal in mass inflation.
ReplyDeleteBernarke is just one of the gang. Check out this video on some of the other members.
ReplyDeletehttp://youtu.be/CSzkrvc5jpg
The entire fractional-reserve banking model is broken. Anyone with a brain knows that it is flawed a priori, and its existence was only to ensure a flow of interest income to a politically-connected financial class, on the backs of the producing class. If it does crash---and I hope it will---internet e-transaction banks could save the day by denominating accounts in gold and silver grams, not in currencies, and backing those accounts 100%, by lending only from previous savings at interest rates solely determined by the parties to loan contracts---no fractional-reserve flim-flam whatsoever! The fractional-reserve bankers are the greediest bastards on the planet and have exerted untold influence over our lives for too long.
ReplyDeleteWhat's really hilarious is that the same evil that controls Wall Street and the US government is also in complete control of the Occupy Wall Street Dupes.
ReplyDeleterequired reading: The Creature from Jeckyll Island.
ReplyDeleteGeorge
What's really hilarious is that the same evil that controls Wall Street and the US government is also in complete control of the Tea Party (most Tea bagger are too dumb to even realize it)
ReplyDeleteBull. The money supply is not exploding, and the same people who are screaming about hyperinflation today were doing the same thing in 1933. The bottom line is that "hard currency" fanatics just can't get it through their thick heads that gold has no real intrinsic value and that even gold based currencies, at the end of the line are "FIAT" currencies. Read the Bible. Read Econ 101. They both tell you the same thing - there is no such thing as "real money." Grow the hell up.
ReplyDeleteMassive inflation to pay for all of their deficit spending, stealing from all of the people, the workers, who don't know any better...crimes..that they'll pay for when they stand before the ultimate Judge of the Universe, on the day they pass from this life.
ReplyDeleteKudlow the Muppet is forced to agree w. Rogers "Bernanke is lying", QE is strong as ever. Kudlow failed to "manage" Rogers so suddenly they were "out of time", obviously with a Muppet producer screaming in his earpiece. This is financial Nooz.
ReplyDelete"There is no such thing as "real money." Grow the hell up."
ReplyDeleteI agree with you, and at the risk of upsetting a hundred people but maybe saving one, gold IS a commodity. It is no more real money than paper, for it's intrinsic value is built on faith. What is gold worth if faith isn't in the mix? It might as well be paper. It's the next setup for a fleecing and a vast number of people don't realize.
People need to ditch the money concept and look for tangible wealth. Things of inherent value. Nails, food, clothing... things you would never be without if the trade system collapsed. Here's a novel thought. If trade were to collapse, wouldn't money be something that should still hold value? Then how is paper or gold money? In a time without excess, you offer me 20lbs of rice or a pound of gold. I can pretty much guarantee that 100% of starving peasants would choose the rice. Not because they lack brains, but rather because it's worth more than the @@%'n gold. Marginal utility matters. To one that's starving, gold is worthless.
It's a similar message to Rogers. He's saying hold tangible wealth. My only extension to this is to make sure it has marginal utility. Make sure it serves purpose and can be relied upon in times of strife.
I would rather be starving with 30oz of gold to trade for food than hyper-inflating dollars. The utility of gold is money. If we used food as money what would be left to eat? Its important that we cannot eat our money.
ReplyDeleteYOU CAN PRINT TRILLIONS OF DOLLARS WITH PUSH OF A BUTTON. YOU CAN'T PRINT GOLD WITH A PUSH OF A BUTTON.ALTHOUGH THEY HAVE PAPER GOLD NOW. THE WHOLE WORLD IS A PONZI GAME.THE BANKERS INVENTED DIFFERENT GAMES FOR SUCKERS AND GOVERNMENT INVENTED DIFFERENT TAXES FOR SUCKERS.SAME PONZI GAME.
ReplyDeleteLets revisit Anonymous:
DeleteTHE WHOLE WORLD IS A PONZI GAME.THE BANKERS INVENTED DIFFERENT GAMES FOR SUCKERS AND GOVERNMENT INVENTED DIFFERENT TAXES FOR SUCKERS.SAME PONZI GAME.
To MiserableOldFart- just where in the Bible is this bearish attitude on gold? Of course, "where your treasure is, there will your heart be also..." and it also refers to "laying up treasure in heaven where moths and rust doth corrupt". But 1 Cor. 3:12 seems to be saying that gold, silver, and precious stones are much more solid than "wood, hay, and stubble", which cannot survive a fire. Now, would the dollar be with the "gold, silver, and precious stones", or with that crappy "stubble", that burns so easily? You want to diss gold, please don't use the Bible as you reference. It just makes you sound Biblically ignorant.
ReplyDeleteTo MiserableOldFart I can only say that you don't know your Bible or history if you think gold has "no intrinsic value" no wonder you are miserable.
ReplyDeleteFirst of all the Bible demands "honest weights and measures" so that no one gets cheated in trade. It ENDORSES gold and silver as money on that very basis that they are not corrupted with base metals or "shaved" or altered in any other way that would represent false value.
It is also significant that our Saviour chased the moneychangers out of the temple and he was SOLD for 30 pieces of silver and there are other references in scripture to land being bought for a specific value of gold.
Only an idiot would contend that some people should be privileged with a monopoly to print numbers on paper and call it money. The fact it has NO intrinsic value is bad enough, but when it has to be BORROWED into existence and uncreated interest charged to be able to get a trading medium that is mandated by law (more of the monopoly aspect) then we have sold ourselves into slavery by participating in this scam.
The last 5000 years of history says you are talking through your hat and haven't got a leg to stand on. An oz. of gold still buys the same goods it did 5000 years ago. There is nothing wrong with trading RECEIPTS that represent actual gold or silver, the problem is when bankers are allowed to create currency with nothing to back them up but misplaced FAITH in corrupt politicians and bankers that STEAL the working mans wages via inflation which is inevitable with a fiat fractional reserve banking system.