The American Dream

[TNJed]

You're right about hyperinflation more than you know. It isn't here at the moment. Hyperinflation is an event. It happens overnight. It isn't something like a recession/depression which is slow to unwind.

I'm not trying to guess how this will unfold or when. I just know it will.

Thank you for your thoughts and questions.

edit: you said the Fed is what keeps up from being 3rd world. The Fed is what keeps the 3rd world being 3rd world. By being forced to hold US dollars in reserve, while we carry on spending and debasing, these broke countries get broker by us exporting deflation while artificially raising prices here. Based on a fraction, there's that word again, of our actual wealth. The ONLY reason we aren't feeling bankrupt is because we, er the Fed, owns the printing press of the world. That will change.

Are you a banker, Bob?

 

[TNJed]

As for G.Gordon Liddy and Rush (edit: oops Glenn Beck...[I don't watch these guys])....I think they get paid by Goldline.com or something like that. Imagine that, someone talking their book. But I'm not interested in straw-man arguments or trying to provide support to my views by discrediting others.

I support my views with math and I cast my view with Jim Rogers, George Soros, and John Paulson.

 

[TNJed]

One last video for the night.

Rethinking the Future International Security Environment is the focus of the 2010-2011 Rethinking Seminar Series. The objective for this series will be an exploration of possible future international environments including potential adversaries and threats to US National Security.

Mr. James Rickards
http://outerdnn.outer.jhuapl.edu/rethinking/VideoArchives.aspx#rickardsEconomics and National Security

http://outerdnn.outer.jhuapl.edu/rethinking/VideoArchives.aspx#rickards

 

[Bob]

You're right about hyperinflation more than you know. It isn't here at the moment. Hyperinflation is an event. It happens overnight. It isn't something like a recession/depression which is slow to unwind.

I'm not trying to guess how this will unfold or when. I just know it will.

Thank you for your thoughts and questions.

edit: you said the Fed is what keeps up from being 3rd world. The Fed is what keeps the 3rd world being 3rd world. By being forced to hold US dollars in reserve, while we carry on spending and debasing, these broke countries get broker by us exporting deflation while artificially raising prices here. Based on a fraction, there's that word again, of our actual wealth. The ONLY reason we aren't feeling bankrupt is because we, er the Fed, owns the printing press of the world. That will change.

Are you a banker, Bob?

not a banker, invested somewhat in bank stocks. liquidity is a doubled edged sword, but the lack of it keeps someone in Mongolia from acting upon a business plan. austrian economics is a rather narrow view that has adherents coming out of the woodwork in down cycles. regarding gold, when you see the likes of liddy/beck hawking it, the game is in the fourth quarter. rodgers is selling commodities to the horizon, and paul is not the intellectual equal of bernanke.

 

[TNJed]

Thank you for your answers. I see you are a Keynesian. Good luck to you neighbor.

 

[30ashopper]

so corporate profits are a gift of the Fed?

The corporate profits conundrum is completely unexplained. Books will be written about it. My take is that deflation has brought down basic material costs and labor while prices have been kept high by sellers.

In one respect though I think your assumption is right, trillions in money printing to buy worthless or low yield assets from corporate america frees up a lot of cash for investing.

Here's a good question - How will QE2 effect the market over the next year? Last year the market crashed after the FEDs MBS purchases ended. Then they promised QE2 and boom, six months of good times. How long will the presses run this year, and what happens after they stop, and will they kick back in again if things crash again?

Artificial forces are in control and have been for well over two years. Investing isn't much different from taking a trip to Vegas at this point.

 

[30ashopper]

there is no hyper inflation at the moment. Corporate profits are real. g gordon is hawking gold with glenn beck. cast your view with them if you wish, but you will miss the entire recovery. yes, the fed controls liquidity. it's what separates us from the third world, and what backstops us from chaos.

You are placing far too much trust in a bunch of private bankers. There?s plenty of evidence showing you they do far more damage than good!

 

[DuneAHH]

I haven't had a chance to watch/take in everything TNJed posted... but I watched all 5 parts of Catherine Austin Fitts "Looting of America" and learned LOTS.
VERY educational. Thanks for posting.

(Subsequently tried watching / listening to her radio interviews on the Alex Jones Channel... but I simply couldn't endure HIS strident bellowing, interrupting, grandstanding manner.)

 

[TNJed]

You're very welcome DuneAHH. Give the credit to yourself for taking the time to watch and listen. I'm just passing on what was passed to me.

Here is a site (a gold site admittedly) with many great audio interviews. Many of the names I'm sure you'll recognize and there is a Catherine Fitts interview listed back in September. I can't stand the Alex Jones stuff either.

NUGGETS - GoldSeek.com Radio - radio.GoldSeek.com - The Gold and Silver Review

 

[Bob]

Apple, Dow Drive U.S. Fourth-Quarter Profits to 19-Year High - BusinessWeek 30A and TNJed, you would do well to not bet against the Fed and own some financials. There's a massive floor under them, and they've been out of favor. I'm not a Keynesian. No one school has cornered the truth. The Chicago viewpoint has many flaws.