Inflation Versus Hyperinflation -- The Crucial Difference

From Taipan Publishing Group
and Max Keiser.

...That is one of the great ironies at this juncture of financial history. The deflation monster still has not been vanquished! It is simply hiding under the bed, biding its time until the Fed-and-China-created stimulus bubble pops.

And when that bubble DOES pop, that's when things get really frightening. When the global economy endures some domino chain combination of Japan/Middle East/China/America implosion, the threat of Great Depression 2.0 comes roaring back, bigger and uglier than before (as all the extend and pretend actions taken until now have only made the problems worse).

That is the point where true panic comes in... when the attempt to stop "normal" inflation triggers an economic collapse that rivals Great Depression conditions. At that juncture, it will be apparent to all that the Federal Reserve has run out of bullets... that "more stimulus" simply cannot work... that trillions have already been thrown down the drain.

It is then, when the monetary authorities wet their pants in the face of a new deflationary panic, that the real threat of hyperinflation returns to the fore. If all hope becomes lost in a hopeless situation, we could see the Fed desperately propose something like QE2 times 10, on the order of not $600 billion but $6 trillion. That is when the real horror would begin...

Read more.

Turk - Twin “Dollar Destroyers” to Create Earthshaking Collapse

From King World News

With gold trading at all-time highs and silver at multi-decade highs, today King World News interviewed James Turk out of Spain. When asked about the US dollar Turk stated, “The key development is that the US dollar is in fact breaking down. This is something that we have been talking about for a few weeks now and the dollar index here in Europe is at the lowest levels since November of 2009. We’re closing in on those lows of 74.17, once that level breaks the floodgates open. Put another way, the dollar falls of the edge of the cliff.”

“Let me give you some reasons why I am focusing so much on the dollar. Here in Europe they have started acknowledging the growing inflationary pressures. As a consequence the ECB yesterday raised interest rates a quarter of a percent. It’s a small step but going in the right direction. What the KWN readers globally need to understand is that what we are seeing is a trend change in interest rates, a directional change in the cycle.

So it is not too surprising to see the Euro breaking above the $1.42 level that we discussed in our last interview. That was an important tactical point and suggests that the Euro is headed toward the $1.50 mark. Meanwhile, on the other side of the Atlantic, the Federal Reserve is asleep at the switch because they contend there is no inflation. Here we have crude oil prices at $112 a barrel and gasoline prices are putting a big dent in the consumer’s pocketbook.

It is important for the readers to understand that there are two “dollar destroyers” at work here. In addition to the Federal Reserve, the politicians in Washington DC are spending money so quickly that the federal deficit for the first six months of this year has already eclipsed the first six months of last year by roughly 10% despite promises to control spending. These twin “dollar destroyers” have created a significant possibility of a waterfall decline leading to an earthshaking dollar collapse.”...

Read more...


Jim Rogers: U.S. Dollar may be Near “Tipping Point”

From Beacon Equity

“If it keeps going down, I’m going to have to dump the rest of my dollars, and then it’s all over for the dollar.”
“If it goes down 3% or 4% from here, I would have to sell and get out and hope I’m still solvent. Then it’s going to, you know, multi-decade new lows.”
Somewhere along the line we’re going to have a tipping point for the dollar, then, it’s all over,” Investor Jim Rogers chairman of Rogers Holding said about the dollar in recent interviews

Into The Close (updated)

From Along The Watchtower

We should all be very enthused by the action today....a little sad and apprehensive, too. Days like these just make it more obvious that we are correct. Yes, the current economic system is ending. Fortunately, there is still time to prepare but prepare we must. Hard times lie ahead...

Death Of The Dollar

This video is from 2008 yet still very much valid.

From Al Jazeera

Max Keiser: Silver Campaign Working

From MaxKeiser.com


The global campaign to jack Silver to $500 and crash JP Morgan is working. Don’t be caught holding worthless paper “money.” Convert cash to Silver now while you still can. Once the price breaks $32.60 – $50 is in the bag.

U.S. is currency war's "tomb maker": China economist

From Reuters.

The United States fired the first shot in the currency war and the rest of the world must be on guard for its deliberate strategy to devalue the dollar, a Chinese economist said in an official newspaper on Thursday.

Max Kaiser - US Dollar Likely to Lose 50% Value in Near Future

An old video, but Max makes some good points.

MaxKaiser.com

Jim Rogers: "America is out of control...My Little Girls Have European Bank Accounts"