Meltup

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Debt Slave

Debt Slave is a wake up call for all Americans to break out of the corporate control of the mainstream media and prepare for the real economic collapse that is ahead.

www.inflation.us

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Hyperinflation Nation

Prepare now before the US dollar is worthless.

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Forecast: deflation then hyperinflation

Ty Andros predicts:

The Tsunami of debt will begin to hit in the second half of this year and continue for quite some time (deflationary spiral as asset prices collapse due to no new lending to insolvent borrowers), at which point, the G7 financial systems will reach the ultimate destination of all fiat currency and credit systems in history: their DEMISE. Deflation will be met with the printing press until the public understands, then POOF, Zimbabwe and Argentina, here we come…

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Northwest Mutual CEO predicts gold to at least double

Andrew Frye reports:

Northwestern Mutual Life Insurance Co., the third-largest U.S. life insurer by 2008 sales, has bought gold for the first time the company’s 152-year history to hedge against further asset declines.

[...]

Northwestern Mutual has accumulated about $400 million in gold, and Zore said the price could double or even rise fivefold if the economy continues to weaken.

Which means massive inflation is on the way.

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Hyper-inflation coming

So says Faber and Hussman.

This is why it will happen and here are some historical examples.

And no, it is not an accident.

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Mike Shedlock (Mish) is wrong

Deflationista extraordinaire Mike Shedlock (aka Mish) has scrambled together an attack piece on Peter Schiff. The article boils down to his same old tired rant about how prices are currently falling and how that proves his ridiculous hypothesis that inflation won’t happen.

Mish fails to realize that 1) not all prices are currently falling and most importantly 2) inflation is an increase in money supply,  price increases are a result. Just because price increases have yet to materialize (it takes time), Mish blows a wad and tells the world he is a genius. It is rather bizarre.

As Michael S. Rozeff recently said:

These price increases are not going to be immediate. There are lags. There is no smooth or mechanical relation between today’s money growth and today’s consumer prices. These things take time. General price level increases depend on both the growth in money supply in past years and on whether that growth is sustained over many years. The Obama administration and the Fed have both told us that they intend to sustain their stimulus for years to come. Add that to the fact that the existing rate of growth of the monetary base already is at a rate that is typical of a banana or coconut republic. Similar results are highly likely.

Peter Schiff (and many others) will be proven correct, again, once hyperinflation arrives in the near future.

See also: Big Inflation Coming

Update: Bill Anderson debunks another attack on Schiff here.

Update2: Schiff’s response here.

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Economic collapse progressing nicely

Floyd Norris reports:

The S.& P. 500 has lost more than a third of its value in a calendar year only twice before, both during the Great Depression. It fell 41.9 percent in 1931, and 38.6 percent in 1937. The worst post-Depression year, until now, was 1974, when the index fell 29.7 percent amid the worst postwar recession the country has yet seen.

But this year, the index is down 45.5 percent.

Eric deCarbonnel says the Dollar Collapse Has Begun.

Bush regime manipulation of the stock market was exposed on CNBC recently.

Igor Panarin predicts that the U.S. is “heading for collapse, and will divide into separate parts”. He also has this to say about the dollar:

“In 2006 a secret agreement was reached between Canada, Mexico and the U.S. on a common Amero currency as a new monetary unit. This could signal preparations to replace the dollar. The one-hundred dollar bills that have flooded the world could be simply frozen. Under the pretext, let’s say, that terrorists are forging them and they need to be checked.”

Chris Carey reports the Bush regime has now nationalized nearly 100 banks. Socialism, anyone?

The government is now upping the ante to $7.4 trillion, just in case the previous trillions weren’t enough to guarantee the coming hyper-inflationary disaster – which will lead to the political, social and economic collapse of the U.S.

And finally, the good doctor again reminds us:

We must remember that governments do not produce anything. Their only resources come from producers in the economy through such means as inflation and taxation. The government has an obligation to be good stewards of these resources. In bailing out failing companies, they are confiscating money from productive members of the economy and giving it to failing ones.

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Why hyperinflation is coming

Hugo Salinas Price on falling international reserves:

if the Reserves are no longer growing but diminishing, this might indicate that the exporting countries are no longer buying and accumulating more US, British and European debt. If they are not accumulating more foreign currency bonds and debt, then the fiscal deficits of the US, the Brits and the European Union countries are no longer being funded – especially important to the US, which is running an immense fiscal deficit, what with the US Treasury going into debt like a drunken sailor on account of the need to bail-out all and sundry debtors.

Now if the US deficit is not being funded, then that means that the fiscal deficit is simply being monetized by the Fed.

The central banksters know the end of their criminal counterfeiting cabal is near. The scary part is what they will replace it with when their puppets conspire on November 15.

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Walter Eichelburg: hyperinflation coming, buy gold

Florian Godovits interviews Walter Eichelburg:

ET: What does this mean for the public?

WKE: The collapse happens because all the money is worthless. There will be hyperinflation at the supermarket. Then hunger will begin.

ET: What do you suggest an investor should do?

WKE: Don’t keep paper money. The Euro has become toilet paper, and the Franc is not better off. I suggest that people have sufficient food, buy an acre of arable land and invest in gold. Gold is still cheap at US$3,000 an ounce.

I am still amazed that the vast majority of the ignorant masses still think the U.S. is too big and powerful to collapse.

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