is this man a loon ?

zod

https://www.youtube.com/watch?v=m1VbGcaVvFM

Économiste Monétaire

That's an interesting method for forecasting events twenty-years away.

advise12345

Quit ,Shur he's as mad as a box of adolescent frogs, wouldn't you not know by the head on him!

rcunning03

25 years ago nobody would of believed the Soviet Union would fall and a couple of years ago on cnbc people laughed when at pPeter Schiff or Jim Rogers (can't remember which) when he said the property market would collapse.

This shows how much debt the US has

http://www.usdebtclock.org/

Hasschu

There are a lot of people in the US that share his views. They make the mistaken assumption that things will progress in an orderly fashion in much the same way as they have in the recent past. If people were calm and rational things could progress as forecast. Fortunately rationality is in short supply amongst the masses and the herd stampedes when it apprehends danger. Frightened politicians then do something, anything to keep from being trodden underfoot, and so we progress. First the focus is on the oligarchy, business and political hence NAMA. If that does not calm the herd another tack will be taken.

Flamed Diving

rcunning03 wrote: »

25 years ago nobody would of believed the Soviet Union would fall and a couple of years ago on cnbc people laughed when at pPeter Schiff or Jim Rogers (can't remember which) when he said the property market would collapse.

This shows how much debt the US has

http://www.usdebtclock.org/

Please don't ask us to take that URL seriously.

Dannyboy83

rcunning03 wrote: »

25 years ago nobody would of believed the Soviet Union would fall and a couple of years ago on cnbc people laughed when at pPeter Schiff or Jim Rogers (can't remember which) when he said the property market would collapse.

This shows how much debt the US has

http://www.usdebtclock.org/

An interesting article here:
http://www.davidmcwilliams.ie/2009/01/21/new-president-needs-to-run-up-a-frightening-debt

f China begins to question the wisdom of putting all its foreign-exchange eggs in one basket, what will Obama do? If the Chinese say no, the market for US debt will collapse. The dollar will also fall like a stone and the US will begin to experience hyperinflation. With no-one to buy its debt, no appetite to reduce public spending and, most crucially, no memory of a time when the world’s financial markets ever rejected the seduction of the dollar, the US will simply start printing paper dollars and covering them with paper IOUs, flooding the market with worthless financial confetti.

All this implies that Obama could quite conceivably preside over a period of hyperinflation. Today this seems impossible but he has inherited such a mess from George Bush and his political need to get the economy going, if he is to deliver on some of his immense promise, might just prove too much. Don’t take my word for it, just look at what is happening to the price of gold — the only real hedge against hyperinflation.

Economic theory would suggest that after a period of hyperinflation, where all old US debts are wiped out and lenders to the America robbed, the dollar revalues as America reindustrialises under the green job agenda talked about by Obama.

History could well look on the end of the first decade as not just a momentous era which produced the first black president, but as a period of dramatic economic change. The debt-fuelled boom of the Noughties, leading to a rapid deflation and failed banking bailouts at the end of the decade, giving way to hyperinflation, which ultimately cleaned up the US’s balance sheet. Sounds fanciful? But then again, so, too, did a black president not so long ago.

The Americans and the Brits are already feeding laxatives into their systems by printing off wads of cash, and apparently IOUs may become big business in California shortly.