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I’ve been having blue balls since 2008 waiting for this Chicken Little collapse. I am disappoint.
ha ha. bottoming is a process, not an event.the rioting will be the events.
Yay! Fly throws in the acts of war flag!
My only Q is: wouldn’t it be likely (75 yard line) and acceptable for city dwellers to pull rifles and should phuckers committing arson?!
Really!
shoot. Chut!
3:05 – “We’ve had a panic flight from the dollar. No one wants to hold dollars.”
Did I miss something? Someone point me to the time in the dollar’s history where there was panic selling. Maybe spring 2008, but that is the only one I’m willing to give someone. Last I checked treasuries were at record lows and the dollar index is at levels seen in 1995 and 1992 and well above both the 2007 and 2009 lows. Some panic.
What a nut. No one has been more wrong than hyper inflationists. But it has to happen eventually right? Right?!?
Gold and silver only doubled in value the last five years, due to panic about the dollar. Central banks are buying gold now, as of the last five years. China’s govt has asked its citizens to stockpile gold. The IMF and World Bank support the move away from dollars and the use of Special Drawing Rights as the replacement world reserve currency. Anytime a world reserve currency loses this status the country hosting that currency undergoes a depression. Nevermind UN Agenda 21 which aggressively seeks a reboot of the entire global economic system so that world and regional communitarian government may be ushered in.
What do you need, God’s sledgehammer to hit you over the head? You screw around worrying about the details of a “panic” and you will get ass-raped when the USD becomes worthless in a very short period of time.
Are record low treasury yields a “detail” not worth worrying about in your so called panic? Where is the flight away from treasuries? Seems like it would have to happen in order for hyper inflation to take place, instead of exactly the opposite happening for the last 30 years. As far as I can tell, according to yields, there has never been more faith in the credit worthiness of the US dollar. But it has to change eventually right?
I get the arguments about how this can’t last and is unsustainable. Well, unsustainable can last a generation and said arguments often deteriorate into Zero Hedge conspiracy theories. But go ahead and hold your gold and silver, just make sure to cross your fingers that China does the same when their economy driven on government mandated growth and construction of ghost cities falls harder than the most dynamic economy in the history of the planet.
Yep, I remember back when I was a kid hearing all the horror stories about how America’s debt was unsustainable. The end of the world was near.
That was 30 years ago.
And I’m sure around that time you heard a lot about how Japan was going to overtake the US and take over the world. It was considered inevitable.
Funny what a recession lasting over a decade can do to your foreign reserves.