Archive for the ‘Inflation’ Category
Chart of the US Dollar (1973-2009)
Sunday, September 27, 2009 12:04 No CommentsChart of the Trade Weighted US dollar from 1973-2009.
US Money Supply; Updated Chart
Thursday, June 11, 2009 7:54 2 CommentsHmmm. Could this be inflationary??
I am 100 percent sure that the U.S. will go into hyperinflation – Marc Faber
Thursday, June 4, 2009 10:56 2 CommentsBelow is an excerpt from a piece in Bloomberg today.
The U.S. economy will enter “hyperinflation” approaching the levels in Zimbabwe because the Federal Reserve will be reluctant to raise interest rates, investor Marc Faber said.
Prices may increase at rates “close to” Zimbabwe’s gains, Faber said in an interview with Bloomberg Television in Hong Kong. [...]
Chart of The US Money Supply 1917-2009
Wednesday, March 4, 2009 14:39 18 CommentsHelicopter Ben has been busy lately.
Source: Mises.org
Buffett Predicts an “Onslaught of Inflation”
Saturday, February 28, 2009 9:43 11 CommentsIn his long awaited annual letter to shareholders, Warren Buffet reflected on the economic crisis, the coming inflationary pressures, and his own personal mistakes. “During 2008 I did some dumb things in investments. I made at least one major mistake of commission and several lesser ones that also hurt,” he explains.
Speaking of the government response [...]
VIDEO: Nixon Ends Bretton Woods International Monetary System
Monday, February 23, 2009 20:05 No CommentsAugust 15, 1971
Richard Nixon ends the Bretton Woods international monetary system and removes the gold backing of the US dollar. Nixon claimed that the move was temporary and was geared toward “Defending” the dollar.
“Your dollar will be worth just as much tomorrow as it is today!” Not Quite DICK!
PS- What’d you do with all that [...]
Consumer Price Index (CPI) Chart 1800-2007
Monday, February 23, 2009 19:49 2 CommentsThe inflationary 1-2 punch:
1. The creation of the Federal Reserve in 1913
2. The removal of the gold standard in 1971
Click the chart for a better view.
VIDEO: Economist Says Hoard Gold & Scotch
Tuesday, February 17, 2009 17:31 56 Comments“Respected economist John Williams, editor of ShadowStats.com, a popular website that tracks real inflation figures, is advising that people hoard physical gold as well as food items in bulk so that they have some means with which to barter as the economic crisis turns ugly.” (Sources: PrisonPlanet.com WhatReallyHappened.com )
VIDEO: America Will Default on Debt or Hyperinflate
Saturday, February 14, 2009 20:10 No CommentsMarc Faber: “In the US, we have a totally new school (of economics), and it’s called the Zimbabwe School.”
Forecast 2009: There Will Be Blood
Tuesday, February 3, 2009 21:00 42 Comments2009 will be a year of complete destruction for the US economy. 5 Million will lose their jobs. The Dow Jones Industrial average will break below 6,000. Municipalities will fail. Insurers will fail. The unemployed and foreclosed American population will take to the streets and begin rioting. The Greatest Depression is upon us.
Sound far fetched? [...]
