This is the scenario nobody thinks is possible but really at
the end of the day, it’s not like the US can print money and live on debt
forever right so when something cannot go on forever what happens when it
stops?
So says Mark Jeftovic (http://wealth.net/) in
edited excerpts of his introduction to a 7 minute video (see below) presented
by www.inflation.us entitled The First 12 Hours of a US Dollar
Collapse.
Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com (A
site for sore eyes and inquisitive minds) and www.munKNEE.com (Your Key to Making
Money!), request that this paragraph must be included in any article re-posting
to avoid copyright infringement.
Related Articles:
Timing the U.S. debt implosion in advance is virtually
impossible. Thus far, we’ve managed to [avoid such an event], however, this
will not always be the case. If the U.S. does not deal with its debt problems
now, we’re guaranteed to go the way of the PIIGS, along with an episode of
hyperinflation. That is THE issue for the U.S., as this situation would affect
every man woman and child living in this country. [Let me explain further.]
…The US Government and its catastrophic fiscal morass are
now viewed by the world as a ‘safe haven’. This would easily qualify for a
comedy shtick if it weren’t so serious….[but] the establishment is thrilled
with these developments because it helps maintain the status quo of the dollar
standard era. However, there are some serious ramifications that few are paying
attention to and are getting almost zero coverage from traditional media. [Let
me explain what they are.]
With the U.S. election just months off, political pressures
will mount to favor fiscal stimulus measures instead of restraint. Such action
can only accelerate higher domestic inflation and intensified dollar debasement
culminating in a Great Collapse – a hyperinflationary great depression – by
2014. [Let me explain why that is the inevitable outcome.] Words: 2766
Whether our current economic crisis will end with massive
inflation or in a deflationary spiral (ultimately, either one results in a
Depression) is more than an academic one. It is the single most important
variable for near and intermediate term investing success. It is also important
in regard to taking actions which can prepare and protect you and your family.
[Here is my assessment of what the future outcome will likely be and why.]
Words: 1441
Daniel Thornton, an economist at the Federal Reserve Bank
of St. Louis, argues that the Fed’s policy of providing liquidity has
“enormous potential to increase the money supply,” resulting in what The
Wall Street Journal’s Real Time Economics blog calls “an inflation inferno.”
[Personally,] I think it’s too soon to make significant changes to a portfolio
based on inflation fears. Here’s why. Words: 550
The developed economies of the world have opened the money
spigots…[and this] massive money and credit creation is sitting in the banking
system like dry tinder just waiting for a spark to set it ablaze. How quickly
it happens is anyone’s guess, but once it does we are likely to be enveloped in
a worldwide inflation unlike anything before ever witnessed. [Let me explain
further.] Words: 625
Evidence shows that the U.S. money supply trend is in the
early stages of hyperbolic growth coupled with a similar move in the price of
gold. All sign point to a further escalation of money-printing in 2012…followed
by unexpected and accelerating price inflation, followed by a rise in nominal
interest rates that will bring a sovereign debt crisis for the U. S. dollar
with it as the cost of borrowing for the government escalates…[Let me show you
the evidence.] Words: 660
The U.S. already has more government debt per capita than
the PIIGS (Portugal, Italy, Ireland, Greece and Spain) do and it just keeps
getting worse and worse thanks to both political parties. We are on the road to
national financial oblivion yet most Americans don’t seem to care. They don’t
realize that we have enjoyed the greatest prosperity we will ever see…and that
when the debt bubble bursts there is going to be an immense amount of pain.
That is a very painful truth, but it is better to come to grips with it now
than be blindsided by it later. [Let me explain.] Words: 1140
I keep wondering to myself, do our money-printing central
banks and their cheerleaders understand the full consequences of the monetary
debasement they continue to engineer? [Below is what I think awaits us.] Words:
1013
For over two years now, I’ve been warning that the 2008
Crash was just a warm up and that the REAL Crisis would occur when the stock
market realized that the Central Banks, lead by the US Federal Reserve could
NOT actually hold the financial system together. Well, the Crisis I’ve been
warning about is here. [Let me explain.] Words: 306
There are several variations of Long Wave theory, but the
most famous is based on the work of Nicolai Kondratieff, a Russian economist
who gave the various stages seasonal names, with summer and autumn denoting the
peak of financial speculation and winter the aftermath of the resulting crash.
The conditions for a global catastrophic failure are in place. Snow (in the
form of trillions of new dollars and euros) is falling. There’s no way to know
which dollar (or which external event) will start the avalanche, but without
doubt something will. [Let me expand on why I hold that view.] Words: 888
Industrialised countries today face serious risks – for
their financial sectors, for their public finances, and for their growth
prospects. This column explains how, through our financial systems, we have
created enormous, complex financial structures that can inflict tragic
consequences with failure and yet are inherently difficult to regulate and
control. It explains how this has happened and why there are more and worse
crises to come. Words: 2434
In an environment of ultra expansionary monetary
policies…the long-term trend for gold is higher and as inflation surges, gold
will go ballistic resulting in the Dow-Gold ratio touching one. [Let me explain
why that will indeed be the case.] Words: 760
In an environment of ultra expansionary monetary
policies…the long-term trend for gold is higher and as inflation surges, gold
will go ballistic resulting in the Dow-Gold ratio touching one. [Let me explain
why that will indeed be the case.] Words: 760
There will be a catalyst coming soon, probably some
concerted action of money printing between the Fed, IMF and the ECB. That will
happen as a result of the economies, worldwide, collapsing….The catalyst could
come from anywhere but the money printing will be part of the next move in
gold, that’s for certain….[and it] will lead to collapsing currencies, and
investors buying gold at any price…I see gold reaching $3,500 to $5,000 in the
next 12 to 18 months. Within 3 years, I see the gold price reaching at least
$10,000
The Western world is going to need even more easing, more
money. All of this is incredibly bullish for gold longer-term. I do think you
have to navigate the end of the euro before the next massive move in gold, but
that’s coming. It’s possible that gold may get hit initially as the euro fails,
but you have to buy it if it does.
My Fractal Gold chart work is a direct comparison of Gold,
today, to the late 70’s Gold Parabola. Thus, “timing” is taken directly from
the late 70’s cycle, with price targets created from a combination of the late
70’s Gold price and different technical analysis techniques. We developed a
price target back in 2006/ 2007 for Gold to reach the $10,000 to $12,000 range
during this Gold Bull and we still stand by that forecast. Let me explain where
we are at this point in time.
According to my 2000 calculations, if interest rates and
inflation stay constant over the next 2 years, we could expect to see (with
95.2% certainty) a parabolic peak price for gold of $4,380 per troy ounce by
then! Let me explain what assumptions I made and the methods I undertook to
arrive at that number and you can decide just how realistic it is. Words: 740
Lately analyst after analyst (161 at last count) has been
climbing on board the golden wagon with prognostications as to what the
parabolic peak price for gold will eventually be. That being said, however,
only 51 have been bold enough to include the year in which they think their
peak price estimate will occur and they are listed below. Take a look at who is
projecting what, by when and why. Words: 644
According to a recent Elliott Wave theory analysis gold is
about to go parabolic reaching $3,495 in June 2013, $6,233 in April 2014,
$10,899 in Sept. 2014, $18,712 in December 2014 and culminating in a parabolic
peak price of $31,672 on January 16th, 2015! See the chart below. Words: 600
According to my 2000 calculations, if interest rates and
inflation stay constant over the next 2 years, we could expect to see (with
95.2% certainty) a parabolic peak price for gold of $4,380 per troy ounce by
then! Let me explain what assumptions I made and the methods I undertook to
arrive at that number and you can decide just how realistic it is. Words: 745
We now have a really strong probability that the correction
which started at $1913 on 23 August 2011 has been completed both in terms of
Elliott waves and also in terms of time elapsed. If this is correct, the gold
price should soon be expressing itself in violent upside action as it moves
into the third of third wave which is still targeted to reach $4,500. [Let me
explain in detail (with charts) how and why my most recent analyses confirm my
earlier target of $4,500.] Words: 1085
Personally, based on the fundamentals at hand and the fact
that Gold doubled its log channel around this point in the cycle; I expect
Silver to bust up out of its log channel in 2013. Initially, I look for Silver
to reach the $60 to $68 level, first and hold open the possibility for Silver
to do much more on the upside as the 70’s Silver Chart reflects.
This article was prompted by a question enquiring what the
silver price might be if my gold forecast of $4,500 proved to be correct [see
my article entitled "Alf Field: Correction in Gold is OVER and On Way to
$4,500+!" and I have settled on] a target price of $158.34 for silver.
[Let me explain how I came to that specific price.]
SUPPORT.
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