The coming hyper-inflation!

[zengrifter]

[zengrifter]

See also -

HYPERINFLATION LIKE WEIMAR 1923
World System on Weimar Collapse Curve
http://www.blackjackinfo.com/bb/showthread.php?t=1798

[zengrifter]

Also -

Hyperinflationary Patterns:


Hyperinflationary Patterns:

Inflation Runs Wild!

by Lyndon LaRouche

The world is presently gripped by a hyperinflationary wave-front of a Riemannian type. The situation is already comparable, at its primary-commodities "spear point," to Germany during the second half of 1923, with the other categories, such as consumer prices generally, on the way to being driven to overtake the effects seen currently in the domain of primary commodities being led, as a pack, by wild-eyed petroleum-price speculation.

Think of the way in which a "sonic boom" moves across the landscape, with its point running ahead and the effects on the ground coming up afterwards as the conical front of the wave moves onward. Think of a shaped charge detonation "seen" from the "inside."

...continued here - http://www.schillerinstitute.org/lar...n_release.html

[zengrifter]

The Worldwide Crack Up Boom,
According to Ludwig Von Mises

Posted by Bill Bonner on Jun 26th, 2007

A kiss is still a kiss. A sigh is still a sigh. And a bubble is still a bubble.

When a kiss is over, it’s over. When a bubble pops…well…that’s all she wrote! All kisses end - even the wettest “French” kisses. And so do all bubbles - even sloppy mega-bubbles of liquidity. This one will be no exception. But of course, it’s not the certainties that make life interesting…it’s the uncertainties - the known unknowns and the unknown unknowns, as Mr. Rumsfeld says. We are all born of woman and end up where all men born of women end up - dead. But that doesn’t mean we can’t have some fun between baptism and last rites.

You’ll remember we said that this worldwide financial bubble is both worldlier, and more financial than any in history.

And, for the moment, it is very much alive. So much alive that the media can hardly keep up with it. Forbes magazine, for example, tries to estimate the wealth of the world’s richest people. But the rich don’t typically give out their balance sheets, telephone numbers and home addresses. So, there’s a fair amount of guesswork in the calculations.

But when it came to guesstimating the net worth of Stephen Schwarzman, founder of Blackstone, the Forbes crew wandered off into fiction. They put his wealth at about $2 billion. Recent filings in connection with the new Blackstone IPO show he earned that much in a single year!

In this phase of the bubble, it is as if your neighbors were throwing a wild party - and you weren’t invited. You detest them… envy them… and want to join them, all at once. A very small part of the population is having a ball; everyone else is getting restless and wondering when the noise will stop.

...more - http://www.dailyreckoning.com.au/cra...om/2007/06/26/

SEE ALSO -
World Terminal Hyperinflation
Hyperinflationary Patterns
Fed reports cease, hyperinflation begun!
When Inflations Clash
The Dow's Phony New High
The Dow Is Crashing!

[zengrifter]

Another Great Depression?
The Fed's Role in the Bear Stearns Hedge Funds Meltdown

by Mike Whitney
Global Research, July 1, 2007

The Bank for International Settlements issued a warning this week that the Federal Reserve’s monetary policies have created an enormous equity bubble which could lead to another “Great Depression”. The UK Telegraph says that, “The BIS--the ultimate bank of central bankers--pointed to a confluence of worrying signs", citing mass issuance of new-fangled credit instruments, soaring levels of household debt, extreme appetite for risk shown by investors, and entrenched imbalances in the world currency system.

The IMF and the UN have issued similar warnings, but they've all been shrugged off by the Bush administration. Neither Bush nor the Federal Reserve is interested in “course correction”. They plan to stick with the same harebrained policies until the end.

The “easy credit” which created the subprime crisis in mortgage lending has now spread to the hedge fund industry. The troubles at Bear Stearns prove that Secretary of the Treasury Henry Paulson’s assurance that the problem is “contained” is pure baloney. The contagion is swiftly moving through the entire system taking down home owners, mortgage lenders, banks, rating agencies, and hedge funds. We are just at the beginning of a system-wide breakdown.

The problem originated at the Federal Reserve when Fed-chief Alan Greenspan lowered the Feds Fund Rate to 1% in June 2003 and kept rates perilously low for more than 2 years. Trillions of dollars flowed into the economy through low interest loans creating a massive equity bubble in real estate which drove up housing prices and triggered a speculative frenzy.

The Feds’ “easy money” policy has disrupted the “debt-to-GDP” balance which maintains the integrity of the currency. By expanding circulation debt via low interest rates; Greenspan put the country on the path to hyperinflation and, very likely, the collapse of the monetary system.

...more - http://globalresearch.ca/index.php?context=va&aid=6209

[zengrifter]

From the above -

Presidential candidate Rep. Ron Paul (R-Texas)
summed it up best when he said:

“From the Great Depression, to the stagflation of the seventies, to the burst of the dot.com bubble; every economic downturn suffered by the country over the last 80 years can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and artificial “boom” followed by recession or depression when the Fed-created bubble bursts”.

[zengrifter]

HEDGE HORROR LANDS IN DENVER

By RODDY BOYD

July 6, 2007 -- Another day, another hedge fund casualty of Wall Street's subprime mortgage debacle. Braddock Financial Corp.'s $300 million Galena Street Fund, the most recent victim of the collapse of subprime mortgage bonds, notified investors earlier in the week that it will be closing its doors.

The Denver-based Galena Street fund appears to have fallen prey to the investor panic surrounding default-ridden subprime bonds. Shocked and scarred investors - prompted by the collapse of two Bear Stearns hedge funds - have been yanking assets from the hedge funds that invest in these bonds.

...more - http://www.nypost.com/seven/07062007...roddy_boyd.htm

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Dollar plunges to fresh lows
By Stephen Foley
Published: 11 July 2007

The dollar has plunged to its lowest level ever against the euro amid evidence that the American housing market slowdown may be leaching into other areas of the economy.

...more - http://news.independent.co.uk/busine...cle2753423.ece

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PAUL B. FARRELL

20 reasons new megabubble pops in 2011

Greed blinded us to subprime meltdown, it'll blind us next time too

By Paul B. Farrell, MarketWatch
Last update: 7:31 p.m. EDT June 2, 2008

ARROYO GRANDE, Calif. (MarketWatch) -- You think I'm drinking that famous Beltway Kool-Aid, maybe because I'm predicting another meltdown coming in 2011? Well, you're being served from the same punch bowl, my friends.
Wall Street, Washington and the Fed are all praying the credit crisis is under control. Unfortunately, all their happy-talking is just a lot of hype, to hide their next bubble.

World markets are headed into another meltdown by the end of the first term of the next president ... and you won't even hear it coming under all the happy-talk.

MORE- http://www.marketwatch.com/news/stor...t=MostReadHome

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US Government Ramps Up the Money Printing Presses

Oct 04, 2008 - 02:44 PM
By: Money_Morning

This week, I want to answer one of the most frequently asked questions that I've received: "Where does all the bailout money come from?"

Clearly, Uncle Sam doesn't have a safety-deposit box - or even a greenback-stuffed Chock full o'Nuts can buried out in his back yard - but right about now I'm betting that he wishes he did.

To pay for the new $700 billion bailout bill , or even to cover the ever-growing federal debt, the U.S. government sells securities - lots of securities. The money is literally created from thin air by authorization and subsequently lent to institutions, individuals, foreign governments and others for what basically boils down to the mother of all IOUs. A portion of it, of course, is physically printed by Team Bernanke and the U.S. Federal Reserve on its turbocharged printing presses - and put into circulation as currency.

MORE- http://marketoracle.co.uk/Article6625.html