This is shocking. When I wrote yesterday about hyperinflation beginning next year, I had no idea that I would see evidence of it just hours after posting my article. Capital controls are the first sign of hyperinflation, and Chase Bank fired the first warning shot by banning international wire transfers and limiting cash transactions – for small business accounts. And, the word now is that they are beginning to expand these limits to large businesses.
That’s the word from John Williams, of shadowstats.com, when he was interviewed by Greg Hunter’s USAWatchdog.com. Now, he’s not saying that we will suffer immediate, massive inflation next year. But, he is saying that the process will begin sometime next year. After all, hyperinflation is inflation that accelerates, and prime examples of hyperinflation, Weimar Germany and Zimbabwe, show hyperinflation to be essentially logarithmic – starting out slow before blasting skyward.
Just take a look at a graph of the price of .35842 grams of gold in Germany, from January 1, 1918. Here’s what that graph looks like:
In the midst of the brouhaha of the current budget crisis, we’re forgetting something fundamental and drastic – we can’t pay our bills. Even if we fired all the government workers, closed all the parks and military bases… we still couldn’t pay our bills. Even with rates at the lowest point in modern history, interest payments still command a quarter of the taxes that we pay. So, what are we going to do?
This video will give you a glimpse of what’s going on in the gold markets, and why. If you are interested in preserving your finances, you need to watch this film. If you want to understand a little bit of what is happening in the world of finance, you need to watch this film. If you want an interesting, but unsettling, look into the lies that governments tell, you need to watch this movie.
This well-made, fascinating show will give you 42 minutes and 35 seconds of history, analysis and intrigue. The CBC/History Channel interviewed the best minds in the precious metals business: John Embry, Andrew Maguire and Eric Sprott. When these three men speak, you should pay attention. I certainly do.
Sometimes, you need to take a step back and look at the ‘big picture’. I did that yesterday when I ran into a documentary that (in the words of the producer) “reveals the fundamental flaws in the economic system which have brought our civilization to the brink of disaster”. It’s only 98 minutes and 54 seconds, so it’s not able to spend too much time getting into the details of why and how we got here. But, it offers a historical perspective that should give everyone food for thought. And, for those that need an introduction to the current mess that we’re in… Then, this is a perfect opportunity to know and understand where we are all headed.
When I listened to Dave Hodges on the Hagmann & Hagmann Report, I realized that we had something in common. We both were abruptly awakened to the certainty of imminent, apocalyptic disaster – as well as the deep responsibility to warn as many people as possible, even if it made us look like ‘loony tunes’.
Dave has written an excellent article that lays out exactly why and how we have arrived at the financial disaster that lies at our doorstep. It’s almost as if we had done everything possible to faithfully recreate the Great Depression, but this time make it a hundred times worse. Here’s a bit of what Dave said in his article:
If all you did was watch Greg Hunter’s interviews on USAWatchdog.com, you would know that there is something outrageously wrong with the US and the world. Greg does an excellent job pulling in the best experts on the economy that we are currently living in. Jim Willie, Jim Rogers, Eric Sprott, Gerald Celente, Paul Craig Roberts, and Peter Schiff all appear regularly on his show. These are the best of the best, and you need to pay attention to them.
There is one other name that you will find on the list of regular guests, and that’s trader/analyst Greg Mannarino. His recent interview made me sit up and take notice. Here’s the summary of that interview on USAWatchdog.com:
Think of this as a reprise of my short series, Extremely Dangerous Times. In actuality, it should be the other way around. What I am introducing now is the inspiration for the interview that resulted in Extremely Dangerous Times. And, it lays out the conditions for that dreadful event, the coming of Gog and Magog.
Jim Willie is not a Christian, so he will undoubtedly be confused at the connection that I make here. But, for those of us who have been puzzled over why Gog and Magog would come down and attack Israel, Jim Willie’s analysis makes the whole thing much, much clearer.
As I said in my previous article, when Jim Willie speaks, I listen. He’s not perfect, not even close. He, himself, makes it clear that he’s not perfect. But, he makes forecasts with 90% accuracy. Anyone with a 90% track record is someone that you need to listen to – even someone as annoying as Jim.
Well, Jim was asked, “What will the world look like, by this time next year?” His answer will shake you.
(I have edited his answer for length. If you want to hear his answer verbatim, go to 1:24:45 in the presentation that I have included, below.)
When Jim Willie talks, I listen. He is one of the best statisticians that I know who comments on finance and economy. His accuracy is phenomenal, and his news is horrendous. Jim Willie is an American who operates out of Costa Rica, and you’ll see his website, goldenjackass.com, on my blogroll lower down the page. He has a paid subscription service where he publishes analysis and forecasts every two weeks. He charges $110 for a six month subscription, and it looks like it’s worth every penny.