Tell me what the FED's gonna do, so we can be right. Here's an expert.

[HistoryStudent]

http://news.goldseek.com/LewRockwell/1343571600.php

40 ago Dr. North wrote a SIMPLE TO UNDERSTAND book: one of my best read and re-read ones:

Coined Freedom - a classic.

Now he KINDA gives you a head start.

Quote: But I think the central banks have their choice of catastrophes: deflation/depression vs. hyperinflation/depression. I think they will try to navigate a middle ground, but when push comes to shove, they will risk a controlled deflation, with selective bailouts for the largest banks.

The central banks are not there to save the governments, which come and go. They are there to save their clients: the largest banks. They know where their bread is buttered.

But if Congress ever nationalizes the FED, then hyperinflation is a real possibility.




~ HS = PS: gold and silver love extremes in deflation and inflation.

[phideaux]

Whatever they do....

... it will be the wrong thing.

[HistoryStudent]

Whatever they do....

... it will be the wrong thing.

Probably, but if you do NOT FIGHT THE FED, but work with them you win.

The article is very interesting and insightful. Over the years he became very obtuse and esoteric to me.
I felt he was more academically writing then making complex ideas more simple to understand.

This article is better even though it is a little "and.. if... and but..." to the Fed's defense.

[Gcubed]

I always thought that the "QE to infinity" statement was stupid and idiotic. Why would the banking system kill itself? Who came up with that?

[phideaux]

I always thought that the "QE to infinity" statement was stupid and idiotic. Why would the banking system kill itself? Who came up with that?

It was Marc Faber.

I think a Klingon said: "That which does not kill me, makes me stronger."

[Gcubed]

It was Marc Faber.

I think a Klingon said: "That which does not kill me, makes me stronger."

Thought the Klingons lost.

[southfork]

I always thought that the "QE to infinity" statement was stupid and idiotic. Why would the banking system kill itself? Who came up with that?

Fiat bankers have destroyed themselves since fiat was created, they are victims of their own device, greed.

[Gcubed]

Fiat bankers have destroyed themselves since fiat was created, they are victims of their own device, greed.

Who holds your mortgage?

[southfork]

Who holds your mortgage?

No one, paid cash.

[minimus]

.


The central banking system is a franchise, there is no such thing as an independent bank. The Fed will attempt to control deflation by a controlled collapse of the franchise, closing down insolvent franchises by selling off the paying debt instruments to larger franchises (privatizing profits) while liquidating the bad debt instruments under FDIC (public losses). The socialized losses will be absorbed by more public debt. Eventually, the aggregate collapse of good (paying) debt obligations will force hyper-inflationary public debt and the credit collapse of the unit of currency.

What you'll see is a powerful deflationary collapse followed by colossal hyper-inflationary fail.

[Gcubed]

No one, paid cash.

I salute you, honestly. Now, who hold the mortgages of the poor bass turds that aren't as fortunate as you?

[Tinbox]

I always thought that the "QE to infinity" statement was stupid and idiotic. Why would the banking system kill itself? Who came up with that?

It's true though, look at the the history of fiat currencies, they always printed themselves into oblivion. People always get sucked into the unbacked fiat again though

[Gcubed]

It's true though, look at the the history of fiat currencies, they always printed themselves into oblivion. People always get sucked into the unbacked fiat again though

Timing Grasshopper, timing.

[HistoryStudent]

I always thought that the "QE to infinity" statement was stupid and idiotic. Why would the banking system kill itself? Who came up with that?

Jim Sinclair came up with it last year.

Last week M2 just hit over 10 $ trillion dollars. When they stopped M3 reporting in late 2005 it was only 10 $ trillion. And M2 was (5 $ trillion) half of that in 2005.

Now with ALL the printing it is way north of 20 $ trillion dollars. WHO knows REALLY?

QE to INFINITY just like Germany in 1923, France in 1795, and 100 other countries over the last 100 years.

[HistoryStudent]

http://research.stlouisfed.org/fred2/series/M2/

Boy, those JERKS sure can print.

I wonder if that's just the St. Louis FED Branch: or all 12!


I hope your INCOME gone up 10 times like theirs in 30 years!

[southfork]

I salute you, honestly. Now, who hold the mortgages of the poor bass turds that aren't as fortunate as you?

And that has what to do with a bs fiat system?

[Gcubed]

And that has what to do with a bs fiat system?

In short, the "bs fiat" system CONTROLS commerce. Need I explain further?

[southfork]

In short, the "bs fiat" system CONTROLS commerce. Need I explain further?

For now, it's doomed for failure, if we've learned anything from the past it's that history repeats itself.

[Gcubed]

For now, it's doomed for failure, if we've learned anything from the past it's that history repeats itself.

Let me know when you may pay your electric bill with sacks of bean and rice. I think we still will need to work with FRNs for a while. It may serve folks well to learn how to prosper within the prevailing system. That doesn't mean that circumstances can not change over time.

[southfork]

Let me know when you may pay your electric bill with sacks of bean and rice. I think we still will need to work with FRNs for a while. It may serve folks well to learn how to prosper within the prevailing system. That doesn't mean that circumstances can not change over time.

I dont deny the current ponzi will continue, when it fails and it will, millions will take one hell of a hair cut.

[Gcubed]

I dont deny the current ponzi will continue, when it fails and it will, millions will take one hell of a hair cut.

Agree with ya there! Timing is the thing.