Schiff's response to the attacks by Mish

[teacherone]

That's like telling a farmer who has been starving the past 10 years that he's got a huge problem because no one is going to eat his Apples on him anymore.

???
meaning?

 

[teacherone]

I love watching male bull fights and am in awe of the flimsiness of male egos. That goes for Mish, Schiff and many of our posters.

Just once in my life I would like to see a female bull...

 

[The_Orlonater]

Just once in my life I would like to see a female bull...

They have to be around.

 

[teacherone]

I dont understand why you think that Fed can actually regulate the value dollar so as to prevent hyperinflation. The Fed is always to lately or too early on it's adjustments. Why werent the English able to stop the pound from dropping when Jim Rogers said he planned to short the pound?

I'm pretty sure the Fed has a number of strings it can pull. Just look at what is happening now--- despite all "obvious" fundamentals, treasuries are flying off the shelves, the world's central banks are slashing rates in concert.

They are all in cahoots.

 

[The_Orlonater]

And how is that pulling the strings to stop the incoming inflation?

 

[danberkeley]

... despite all "obvious" fundamentals, treasuries are flying off the shelves, the world's central banks are slashing rates in concert.
...

Like I said, sell all your commodities and buy US dollars, pounds, and euros.

 

[teacherone]

And how is that pulling the strings to stop the incoming inflation?

The distinction is between inflation and hyperinflation. Of course we are going to have inflation...every modern economy using fiat currency and fractional reserve banking does.

But will we undergo a complete collapse, suffer through hyperflation, and return to the barter system?

I think and hope not.

 

[danberkeley]

The distinction is between inflation and hyperinflation. Of course we are going to have inflation...every modern economy using fiat currency and fractional reserve banking does.

But will we undergo a complete collapse, suffer through hyperflation, and return to the barter system?

I think and hope not.

Again, let me refer you to:

You do know what inflation is, right?

 

[teacherone]

Again, let me refer you to:

You do know what inflation is, right?

Yes...seen the movie, read the book.

Hyperinflation entails a complete collapse of the economy and by extension government as a whole. This is an extreme case scenario, and as I stated at the start of the thread...not something you would want to bet the farm on.

 

[theoakman]

???
meaning?

meaning the farmet no longer has a problem because he can actually eat his own stuff rather than watching other people eat his without getting his due compensation.

 

[danberkeley]

Yes...seen the movie, read the book.

Which ones?

Hyperinflation entails a complete collapse of the economy and by extension government as a whole. This is an extreme case scenario, and as I stated at the start of the thread...not something you would want to bet the farm on.

So why is Mugabe still president?

 

[theoakman]

The distinction is between inflation and hyperinflation. Of course we are going to have inflation...every modern economy using fiat currency and fractional reserve banking does.

But will we undergo a complete collapse, suffer through hyperflation, and return to the barter system?

I think and hope not.

No country returns to the barter system. In fact, they usually just start using foreign currencies for daily transactions. People view hyperinflation as something beyond 1000% for some reason. A 20% annual rate of inflation is hyperinflation.

 

[tmosley]

Yes...seen the movie, read the book.

Hyperinflation entails a complete collapse of the economy and by extension government as a whole. This is an extreme case scenario, and as I stated at the start of the thread...not something you would want to bet the farm on.

Not always. The United States experienced hyperinflation in it's early days, but it didn't collapse because of it. Turkey underwent hyperinflation ten years ago, but they are still around. Hell, Zimbabwe is still here.

 

[The_Orlonater]

No country returns to the barter system. In fact, they usually just start using foreign currencies for daily transactions. People view hyperinflation as something beyond 1000% for some reason. A 20% annual rate of inflation is hyperinflation.

I'm not disagreeing, but wasn't it on the news that people were doing bartering again?

 

[teacherone]

Which ones?



So why is Mugabe still president?

Creature from Jekyll, Secrets of the Temple, Crash Proof, Modern Money Mechanics etc...

Guns

 

[danberkeley]

Creature from Jekyll, Secrets of the Temple, Crash Proof, Modern Money Mechanics etc...

Good for you.

Guns

So tell me, why would the US government collapse because of hyperinflation?

 

[teacherone]

Good for you.



So tell me, why would the US government collapse because of hyperinflation?

We have an armed populice.

 

[teacherone]

Not always. The United States experienced hyperinflation in it's early days, but it didn't collapse because of it. Turkey underwent hyperinflation ten years ago, but they are still around. Hell, Zimbabwe is still here.

Of course Zimbabwe exists...but do you want to live there? If you really think the US will suffer hyperinglation...get the f"ck out.

 

[danberkeley]

If you really think the US will suffer hyperinglation...get the f"ck out.

Why? Anyway, there seems to be a shit load more riots in the Eurozone than in America. Why dont you get the fuck out the Eurozone?

 

[teacherone]

Why? Anyway, there seems to be a shit load more riots in the Eurozone than in America. Why dont you get the fuck out the Eurozone?

Because I don't think hyperinflation will take place.