CHRONIC CRISES NEXT FOR YELLEN AND THE FED

“The report of my death has been grossly exaggerated” are words that Janet Yellen is likely to utter within the next few years. It was of course Mark Twain who said it over 100 years ago, before the Fed even existed. Yellen has recently stated that there won’t be another financial crisis in her lifetime and she will most likely have to eat those words in coming years. We know that the Fed’s record of economic forecasting has been abysmal. They have never forecast or anticipated a single economic downturn. Here is what Greenspan said in 2010: “We didn’t forecast better because we can’t”

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INFLATION DEFLATION AND GOLD

The current debt and asset deflation will not lead to a Japanese 1990’s  style deflationary period. It is more likely to lead to hyperinflation in the US, the UK and many other countries. Hyperinflation Most people find it very hard to fathom that the current asset deflation is a necessary precursor to hyperinflation. The consequences […]

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