Interview with John Williams od Shadowstats

[Chomsky]

Re: Interview with John Williams od Shadowstats

Glad to have him back -- I missed him

Uh, who is he?

[xela]

Re: Interview with John Williams od Shadowstats

Shouldn't you sit on pile of money from shorting the indexes in 07?

[D-Mack]

Re: Interview with John Williams od Shadowstats

site:itulip.com conditions hyperinflation

What does it mean? Again, as this circumstance is unprecedented no one knows, but John Williams' hyperinflation scenario is no longer out of the question. Why? Because the only obvious way out is to monetize debt far in excess of reserves that the Fed controls via open market operations. Once printed the Fed has no control over where the money thus created goes, and thus it goes into everything. Oil prices rise. Food prices rise. Stock prices rise. Purchasing power declines.

I bet there are ways to fulfill all the 4 points

[Rajiv]

Re: Interview with John Williams od Shadowstats

I have some guesses from the style of writing -- could be one of a few people who left for a variety of reasons -- all of whom I have missed on this board.

[raja]

Re: Interview with John Williams od Shadowstats

For a nation to experience a hyperinflation, all four of the following conditions need to be met:

1. Large and growing external debt as a percentage of GDP with falling GDP (Yes, like the US.)
2. Politically and economically isolated and irrelevant (Not like the US. Think: Zimbabwe.)
3. No external demand for the currency (Not like the US dollar. Think: Iraqi Dinar.)
4. Political chaos (i.e., tanks rolling down the street, not like the US.)

But what are the conditions necessary for the world to experience hyperinflation?

It is different this time . . . .

[LargoWinch]

Re: Interview with John Williams od Shadowstats

But what are the conditions necessary for the world to experience hyperinflation?

A soft peg to the USD?

[WDCRob]

Re: Interview with John Williams od Shadowstats

Nice call there CJP. I missed it at first.

[jk]

Re: Interview with John Williams od Shadowstats

fiat can't be measured against other fiat; they will all float gently downward in purchasing power, with varying but limited movements against each other. look what's happening now: the euro is IT, gaining in relative value much to the dismay of both eurozone exporters and eurozone industries competing against imports in their domestic markets. no country wants a strong currency, and they all know how to print. the bundesbank's legacy of inflation-phobia has been inhibiting the ecb, but the european periphery, not just the eastern europeans but the piigs are in deep trouble, and european banks are in trouble. where is a central bank that wants a strong currency?

in the meantime there is no ready successor to the u.s. dollar. it is STILL the global reserve currency, in spite of its many obvious problems. that will not always be the case, but it will remain the case for quite a while unless the tptb and their tools, the cb's, utterly lose control.

the dollar won't collapse against other currencies, because the other currencies are collapsing almost as rapidly.

illustrated:




http://goldmoney.com/commentary.html

[LargoWinch]

Re: Interview with John Williams od Shadowstats

Largo, could you please embed the video? I'm having trouble with the site. Even before this dustup I very much wanted to see it. Thank you.

Actually it is an audio clip only.

Try to install quicktime:
http://www.apple.com/quicktime/download/

and then visit:
http://kingworldnews.com/kingworldne..._Williams.html

embed is not available sorry cjppjc

[Jay]

Re: Interview with John Williams od Shadowstats

No offense, but you're new here (not that I am that long in the tooth, but still).

Hah! You guys still haven't figured out who this masked man is!?! He isn't new. Check out the literary style and passive aggressive behavior. You don't need to think hard.

Edit: looks like some have caught on.

[Jay]

Re: Interview with John Williams od Shadowstats

Damn you beat me to it cjppjc. I have left a million hints in the last few weeks, but no one bit. It might be a certain someone who went a bit hogwild on the silver front...

[Chomsky]

Re: Interview with John Williams od Shadowstats

Hah! You guys still haven't figured out who this masked man is!?! He isn't new. Check out the literary style and passive aggressive behavior. You don't need to think hard.

Edit: looks like some have caught on.

Er, if you mean Lukester, well, he's put a major sock in it -- brevity was never his forte.

[Jay]

Re: Interview with John Williams od Shadowstats

Er, if you mean Lukester, well, he's put a major sock in it -- brevity was never his forte.

He's doing his best to keep the demons at bay, I'll give you that.

[Chomsky]

Re: Interview with John Williams od Shadowstats

He's doing his best to keep the demons at bay, I'll give you that.

The internal or external ones?

[Jay]

Re: Interview with John Williams od Shadowstats

The internal or external ones?

That's funny.