Misc V Max Keiser ....Who is right on Silver?

[Mega]

http://globaleconomicanalysis.blogspot.com/

Scroll to the bottom......"KD" backs Misc.

This is it for Max, he bet the farm on Silver & even got silver coins minted with his head on them. If Misc is right & J P Morgan are NOT Mega short than there is no Asian bear raid.......many people could be looking for his head on this one!

(Schiff stop sniggering!)
Mike

[ThePythonicCow]

Re: Misc V Max Keiser ....Who is right on Silver?

Scroll to the bottom......"KD" backs Misc.

Here's a permanent link to this article, that will remain valid after Mish posts more articles to his blog: Investors Hold Biggest Commodity Positions On Record; Viral Nonsense About Silver.

[Mega]

Re: Misc V Max Keiser ....Who is right on Silver?

I wonder what will happen?
John @ shadowstats think the start of Hyper inflation is about to appear....& EJ always said it would arrive now ish.
Mike

[pianodoctor]

Re: Misc V Max Keiser ....Who is right on Silver?

No, EJ always said there will be no hyperinflation.

[ThePythonicCow]

Re: Misc V Max Keiser ....Who is right on Silver?

No, EJ always said there will be no hyperinflation.

Hyperinflation is the death of a currency, akin to a knock-out in boxing, down for the count and carried from the arena on a stretcher.

The strength of a nation's currency has been proportional, in the long run, to its political, economic and military strength. If events continue as a struggle of national powers, then the United States is quite unlikely to be knocked out anytime soon. It may get bloodied and battered and weakened. But it's not going anywhere soon. It has far greater strengths of geography, traditions, institutions, and economy than say the Soviet Union's empire in Eastern Europe had in the 1980's.

If the United States is knocked out and its currency rendered useless anytime soon, it would not be the result of a some twist of fate in the struggles of nations that have been ongoing through out modern history.

It could only be the result of some larger catastrophe, resulting in the end of the "history of nations" as we have known it. Unlikely. But not impossible. And even if it were to happen, it would not really be what I'd call the hyperinflation of one nation's currency, but rather the replacement of human civilization's monetary system.

[mliu_01]

Re: Misc V Max Keiser ....Who is right on Silver?

Hyperinflation is the death of a currency, akin to a knock-out in boxing, down for the count and carried from the arena on a stretcher.

The strength of a nation's currency has been proportional, in the long run, to its political, economic and military strength. If events continue as a struggle of national powers, then the United States is quite unlikely to be knocked out anytime soon. It may get bloodied and battered and weakened. But it's not going anywhere soon. It has far greater strengths of geography, traditions, institutions, and economy than say the Soviet Union's empire in Eastern Europe had in the 1980's.

If the United States is knocked out and its currency rendered useless anytime soon, it would not be the result of a some twist of fate in the struggles of nations that have been ongoing through out modern history.

It could only be the result of some larger catastrophe, resulting in the end of the "history of nations" as we have known it. Unlikely. But not impossible. And even if it were to happen, it would not really be what I'd call the hyperinflation of one nation's currency, but rather the replacement of human civilization's monetary system.

So, tell me who knocked Rome out?

[ThePythonicCow]

Re: Misc V Max Keiser ....Who is right on Silver?

So, tell me who knocked Rome out?

Rome did not fall in a day.

(I really did not understand what point you were making, but even so, I was guessing that you thought the Decline and Fall of the Roman Empire was somehow a counter-example to my mention of the admittedly slim possibility of a rapid and terminal failure of the US Dollar -- aka hyper-inflation. Thus I pointed out that Rome's gradual decline is not a counter-example to any such considerations of rapid decline. The odds are good that my terse response is a non-sequitur to your terse query [grin].)

[Down Under]

Re: Misc V Max Keiser ....Who is right on Silver?

No, EJ always said there will be no hyperinflation.

EJ hasn't ruled out hyperinflation; but, he's said it's unlikely to happen to the US; not impossible but unlikely.

[sgominator]

Re: Misc V Max Keiser ....Who is right on Silver?

So, tell me who knocked Rome out?

Al-Qaeda!


No, seriously, it took about two hundred years for the roman empire to collapse.

[Mega]

Re: Misc V Max Keiser ....Who is right on Silver?

Ok, very STRONG inflation.............but i won't rule it out.
Mike

[jpatter666]

Re: Misc V Max Keiser ....Who is right on Silver?

Al-Qaeda!


No, seriously, it took about two hundred years for the roman empire to collapse.

And even then the Eastern Empire survived for another thousand years.....

[Blindweb]

Re: Misc V Max Keiser ....Who is right on Silver?

If events continue as a struggle of national powers, then the United States is quite unlikely to be knocked out anytime soon. It may get bloodied and battered and weakened. But it's not going anywhere soon. It has far greater strengths of geography, traditions, institutions, and economy than say the Soviet Union's empire in Eastern Europe had in the 1980's.

It could only be the result of some larger catastrophe, resulting in the end of the "history of nations" as we have known it.

Peak oil guarantees the end of industrial society. Our first energy crisis is coming probably within 5 years, and guaranteed within 10 years. Peak oil also guarantees the end of our debt backed monetary system on a planet that has reached its limits. The U.S.'s best hope is for the wars to start before a major energy crisis happens. Once the energy crisis hits there will be less resources for the largest most high tech military, and resources will have to be diverted home for the very needy masses.

Peak oil writer, Dimitry Orlov, wrote a paper called Closing the 'Collapse Gap': the USSR was better prepared for collapse than the US. In it he argues that most Soviets were better prepared for the collapse because they has many years to practice living under an increasingly failed state. They had strong families and communities, distrusted power, had a strong black market economy, public housing, compact cities, strong public transportation, etc.

[Blindweb]

Re: Misc V Max Keiser ....Who is right on Silver?

Silver's going much higher, eventually. My two worries are peak oil, and central banks returning to gold:
-The first energy crisis will cause a huge drop in silver, palladium, and platinum.
-If the central banks come out with a legitimate solution to the collapsing monetary system using gold, say currency backing at $5000, they may continue to keep silver demonetized for quite some time. If they don't the people will flood to the people's money

[goodrich4bk]

Re: Misc V Max Keiser ....Who is right on Silver?

"Peak oil writer, Dimitry Orlov, wrote a paper called Closing the 'Collapse Gap': the USSR was better prepared for collapse than the US. In it he argues that most Soviets were better prepared for the collapse because they has many years to practice living under an increasingly failed state."

While I agree that peak oil is likely a correct prediction of supply, I don't think its assumptions are correct about demand. On that issue, Americans' excessive demand makes them far more "prepared" for shortages. Who is better able to adapt to any sudden loss of a commodity: the person who pays a little of his income for much more than he needs or the person who uses a lot of his income for no more than he needs? In concrete terms, who is more able to reduce their use: the family with the 60 gal. water heater, no insulation and an SUV or the family with the 5 gal. water heater, maximum insulation and using public transporation?

[Kadriana]

Re: Misc V Max Keiser ....Who is right on Silver?

I'm curious how much solar panels will drive up the demand of silver. From my understanding, solar panels need a good chunk of silver and electric companies are required to get a certain % of their power from solar energy. I know our electric company is no where near getting enough of it's energy for solar panels and pays a decent amount per kw in REC credits just for us to use solar power. We don't even have to sell it back to them. It's cheaper for the electric company to pay us to use solar than to pay the fines.