All these efforts to maintain the status quo will lead to worse crises: Janszen

[FRED]

All these efforts to maintain the status quo will lead to worse crises: Janszen

“The Fed succeeded in the process of stopping price deflation. But the side effect is to unleash inflation that will be very difficult for it to stop,” says Eric Janszen, founder and president of iTulip Inc., an economic forecaster and consultancy.

Meanwhile, Mr. Janszen and others warn that once Americans realize their plight -- mired in debt, facing higher prices and having less take-home pay from the inevitable tax increases to pay for burgeoning government deficits -- they might turn to political alternatives that could send shock waves across foreign markets.

Everyone is trying to recreate the past, but it won’t work,” Mr. Janszen warns. “All these efforts to maintain the status quo will lead to worse crises. We are going to have to take a hit to our standard of living for a period of time. That epiphany will occur.”

[Jim Nickerson]

Re: All these efforts to maintain the status quo will lead to worse crises: Janszen

All these efforts to maintain the status quo will lead to worse crises: Janszen

“The Fed succeeded in the process of stopping price deflation. But the side effect is to unleash inflation that will be very difficult for it to stop,” says Eric Janszen, founder and president of iTulip Inc., an economic forecaster and consultancy.

Meanwhile, Mr. Janszen and others warn that once Americans realize their plight -- mired in debt, facing higher prices and having less take-home pay from the inevitable tax increases to pay for burgeoning government deficits -- they might turn to political alternatives that could send shock waves across foreign markets.

Everyone is trying to recreate the past, but it won’t work,” Mr. Janszen warns. “All these efforts to maintain the status quo will lead to worse crises. We are going to have to take a hit to our standard of living for a period of time. That epiphany will occur.”

Hey, that link is about Peter Schiff.

[D-Mack]

Re: All these efforts to maintain the status quo will lead to worse crises: Janszen

One of the big risks populists might bring in terms of policy is stripping the Fed of its independence, especially if consumers and legislators revolt in response to aggressive rates hikes to combat inflation.

oh my god, oh my god

A bill could pass after 36 years of first introducing it

[c1ue]

Re: All these efforts to maintain the status quo will lead to worse crises: Janszen

Everyone is trying to recreate the past, but it won’t work,” Mr. Janszen warns. “All these efforts to maintain the status quo will lead to worse crises. We are going to have to take a hit to our standard of living for a period of time. That epiphany will occur.”

EJ seems to be bucking for his official doomer pin.... :eek:


Or better yet - the doomster medal of choice: gold for when TSHTF:

[ThePythonicCow]

Re: All these efforts to maintain the status quo will lead to worse crises: Janszen

Hey, that link is about Peter Schiff.

Read the last four paragraphs.

[bcassill]

Re: All these efforts to maintain the status quo will lead to worse crises: Janszen

I'm afraid the downfall of mankind has already taken place...

http://www.itulip.com/forums/showthr...d=1#post125047

Nadir Of Western Civilization To Be Reached This Friday At 3:32 P.M. 9/25/09

"According to the panel, the final event will occur at 3:32 p.m., when a tourist, believing the impressive structure to be a giant mall, will enter Chicago's Museum of Contemporary Art, and, not finding what he is looking for, ask where "the damn Radio Shack is supposed to be."

"The man, dressed in Crocs and sweatpants and determined by researchers to be the final catalyst in humanity's epic downfall, will then loudly expel gas.

[pwcmba]

Re: All these efforts to maintain the status quo will lead to worse crises: Janszen

oh my god, oh my god

A bill could pass after 36 years of first introducing it

1983 to 2009 is 26 years but still a long time!

[audrey_girl]

Re: All these efforts to maintain the status quo will lead to worse crises: Janszen

Read the last four paragraphs.

“The foreigners will not be there because the U.S. dollar is a sure loser,” he says. “These people aren’t stupid. We are going to end up like most countries that spend more than they can [afford] which is rev up the printing presses and pay it off in cheap currency.”

Meanwhile, Mr. Janszen and others warn that once Americans realize their plight -- mired in debt, facing higher prices and having less take-home pay from the inevitable tax increases to pay for burgeoning government deficits -- they might turn to political alternatives that could send shock waves across foreign markets.

“It will lead to the election of populists that will probably make things worse for everybody,” warns Axel Merk, president and chief investment officer of Merk Mutual Funds, which manages US$416-million on behalf of clients in funds.

One of the big risks populists might bring in terms of policy is stripping the Fed of its independence, especially if consumers and legislators revolt in response to aggressive rates hikes to combat inflation.

“Everyone is trying to recreate the past, but it won’t work,” Mr. Janszen warns. “All these efforts to maintain the status quo will lead to worse crises. We are going to have to take a hit to our standard of living for a period of time. That epiphany will occur.


Wow! I didn't know that Eric, Peter and Axel who are named in the article are against "stripping the fed of its independence".

I mean thats what the implication is, right?

Yup the MSM at its very, slimey best