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is always a fun read.
http://dailyreckoning.com/quantitati...nd-for-silver/
And as for gold, which historically has always risen with inflation in prices, Andrew Mickey of Q1 Publishing has done some research and finds that “The last few times U.S. government spending reached these levels (as a percentage of GDP), the consequences, which were always the same, followed close behind.”
And what happened, you wonder? Well, “In 1861, the Union printed more money, borrowed everything it could, and spent it all to fight back the ‘rebels.’ Inflation between 1861 and 1865 ended up at 117% for the period. That’s 16.7% on an annualized basis.
“In 1917, President Woodrow Wilson aggressively emptied the government coffers in World War I. Prices increased 126% between 1917 and 1918. That’s 50.3% annual rate.
“In the 1940’s we went through it again. The U.S. involvement in World War II forced another surge in government spending. This time the prices rose 108% between 1941 and 1945. That works out to a 15.7% annual rate of inflation.
“Then in the 1960’s, during the quest for the ‘Great Society’ amidst the Vietnam War, the U.S. government stepped up spending in a big way. The end result was the ‘lost decade’ of the 70’s and stagflation which followed.”
I sum it all up to the Austrian school of economics being Exactly Freaking Correct (EFC) that inflation in the money supply is Bad, Bad News (BBN), as anybody at Mises.org can tell you.
But Mr. Mickey thinks he can roughly estimate the inflation we are going to suffer, and says “all the forces are pointing towards a huge wave of inflation coming – an annual rate of 10% to 20% given the historical ranges. And right now, while the inflation/deflation debate rages on, it’s giving us a chance to protect ourselves from the coming inflationary wave inexpensively and maybe actually profit as well.”
Which, of course, brings us to the Daily Mogambo Admonition (DMA) to buy gold, silver and oil because, brother, I am here to tell you that we are freaking doomed from the idiotic Obamunist administration, freakishly stupid commie-think Congressional deficit-spending insanity, and the loathsome Federal Reserve creating the avalanche of money and credit to finance the Whole Stinking Mess (WSM).
Which, of course, makes deciding what to do a real snap; follow the DMA!
Whee! This investing stuff is easy!
http://dailyreckoning.com/quantitati...nd-for-silver/
And as for gold, which historically has always risen with inflation in prices, Andrew Mickey of Q1 Publishing has done some research and finds that “The last few times U.S. government spending reached these levels (as a percentage of GDP), the consequences, which were always the same, followed close behind.”
And what happened, you wonder? Well, “In 1861, the Union printed more money, borrowed everything it could, and spent it all to fight back the ‘rebels.’ Inflation between 1861 and 1865 ended up at 117% for the period. That’s 16.7% on an annualized basis.
“In 1917, President Woodrow Wilson aggressively emptied the government coffers in World War I. Prices increased 126% between 1917 and 1918. That’s 50.3% annual rate.
“In the 1940’s we went through it again. The U.S. involvement in World War II forced another surge in government spending. This time the prices rose 108% between 1941 and 1945. That works out to a 15.7% annual rate of inflation.
“Then in the 1960’s, during the quest for the ‘Great Society’ amidst the Vietnam War, the U.S. government stepped up spending in a big way. The end result was the ‘lost decade’ of the 70’s and stagflation which followed.”
I sum it all up to the Austrian school of economics being Exactly Freaking Correct (EFC) that inflation in the money supply is Bad, Bad News (BBN), as anybody at Mises.org can tell you.
But Mr. Mickey thinks he can roughly estimate the inflation we are going to suffer, and says “all the forces are pointing towards a huge wave of inflation coming – an annual rate of 10% to 20% given the historical ranges. And right now, while the inflation/deflation debate rages on, it’s giving us a chance to protect ourselves from the coming inflationary wave inexpensively and maybe actually profit as well.”
Which, of course, brings us to the Daily Mogambo Admonition (DMA) to buy gold, silver and oil because, brother, I am here to tell you that we are freaking doomed from the idiotic Obamunist administration, freakishly stupid commie-think Congressional deficit-spending insanity, and the loathsome Federal Reserve creating the avalanche of money and credit to finance the Whole Stinking Mess (WSM).
Which, of course, makes deciding what to do a real snap; follow the DMA!
Whee! This investing stuff is easy!
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