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Posts Tagged ‘Inflation’

This is an incredibly insightful analysis of the Chinese economic “miracle” by Jim Chanos, the renowned hedge fund manager.  It’s a long one, so you might have to watch it in several sittings. The level of meaningless construction spending and investment Mr. Chanos describes is mind-boggling and scary.  At 28:50, he talks about there being 2.6 billion square [...]

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BECKLEY— Deflation or inflation? First, let’s discuss deflation.  Simply put deflation is a lie.  Ben Bernanke and most modern economists realize it is a lie.  Why is deflation a lie? Simply because in modern economic systems currency has no real value.  So, if deflation comes along, which is to0 many goods with too few dollars, [...]

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You’ve declared an economic war against me, so I accept your challenge, stateless bourgeoisie. I’m declaring an economic war with the help of the people and workers. War is war, my friend. Don’t complain to me later.” —Hugo Chavez to Lorenzo Mendoza, President of Empresas Polar SA (a food distributor), June 2010. ATLANTA— I decided [...]

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BECKLEY – For those of you in U.S. Treasuries prepare for the pinch.  China has dumped $34 billion in U.S. T-bills on the market!  Why?

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    ATLANTA- My bold prediction for today is that we will witness the collapse of Venezuelan economy within the next two years, spurred primarily by a crippling hyperinflation and foreign exchange crisis.  My prediction here is predicated on my belief that anyone who bases their entire economic philosophy on a contempt for the wealthy, [...]

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ATLANTA— It’s happening all around us.  The complete debasement of the US dollar.  The value of the US dollar has been falling throughout the year as the  Federal Reserve purchases mortgage-backed securities and treasury bonds to pump excess dollars into the system and Barack Obama has gone on a deficit spending binge unmatched in human history.  These [...]

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BECKLEY— Today’s news is telling – inflation, debt & spending!

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