Failcascade

Endgame ahead

Archive for the ‘Hyperinflation’ tag

Summarizing the current state of the markets

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Grant Williams did it again at last months ASFA national conference, summing up the recent developments of equities and government bond markets, giving an outlook on what’s to come in next couple months and years… Fun to watch as always, even though it’s really nothing but depressing if you thing about it. 30 minutes well spent:

Written by mo

December 13th, 2013 at 12:07 pm

Fed announces another round of QE

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A few hours ago the Federal Reserve has announced another round of QE, because… you know, it worked so great the last time. And the time before that. And every time they had to extend it. That’s why the US economy is now in such a great shape, they need even more QE. Makes sense, doesn’t it?

This time, instead of buying treasuries, it will be MBS. 40 billion worth, each and every month until… well, who knows? Certainly not chairman Bernanke, because when asked about that minor detail during the Q&A session of the press conference, all he could say was until unemployment rates are at an acceptable level again. No target, no hard figures – we’re making it up as we go.

But to make a long story short, Congressman Ron Paul managed to sum it up within the first 90 seconds:

Update, a day later: While some of the usual suspects are still cheering and the markets (especially Europa and Asia, less so the US itself) were soaring, the first analysts who managed to keep their calm and are actually doing the math came up with some numbers just how bad this will likely end: BofA Sees Fed Assets Surpassing $5 Trillion By End Of 2014… Leading To $3350 Gold And $190 Crude  (hat tip to Bank of America’s Priya Misra)
Hint: Total outstanding public debt of the whole US is currently just above $16 Trillion, or about 3 times what the Fed is expected to have on their books within the next two years.

My projection: This whole debacle won’t turn out the way the Fed/Government/Investors/… are hoping for, instead it’s going to get ugly. Very, very ugly.

Written by mo

September 13th, 2012 at 10:49 pm

End of the Road – How Money Became Worthless (Trailer)

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Ever dreamed of getting all the fiat money skeptics together at the same time, all in the same place? Your dream has now come true, courtesy of “End of the Road – How Money Became Worthless.”

Watch the teaser below.

End of the Road Documentary Trailer from Tim Delmastro on Vimeo.

Is the financial crisis over, or are we heading towards disaster? End of The Road portrays eleven influential commentators within the finance and investment communities, as they share their knowledge of our current financial structure. Through each of their narratives, a story is built which chronicles the current economic dilemma and paints a picture of the world’s financial future.

I’ve no idea when the full movie will actually be released, since as of now, the website seems to be down for exceeding its bandwith limit.

Update, April 2012: As of now you can sign up on their website to get an notification as soon as the movie is about to be released.

Wall street is being occupied. Europe is collapsing in on itself. Around the world, people are consumed by fear and anger, and one question is on everyone’s lips: Is the financial crisis over, or are we headed towards economic disaster?

End of the Road is a 55 minute documentary film that chronicles the global financial collapse. Told in an entertaining and easy to follow style, the film tells the story of how the world came to be in such a state, from the seeds sown after WWII, to the current troubles facing us today, and to the possible future that may await us all. Some of the world’s top economic minds share the hidden tale behind the mishandling of the world’s finances, give insight into how bad policy and a flawed monetary system joined together to create a catastrophe.

End of the Road portrays eleven influential commentators within the finance and investment communities, as they share their knowledge of our current financial structure. Through each of their narratives, a story is built which chronicles the current economic dilemma and paints a picture of the world’s financial future.

Cast
Peter Schiff
Eric Sprott
James Turk
Bill Murphy
Alasdair Macleod
Jim Puplava
G Edward Griffin
Mike Maloney
James G Rickards
Adam Fergusson MEP
Dimitri Speck

Written by mo

March 22nd, 2012 at 10:01 am

Current hyperinflation: Argentina, Belarus, Vietnam, Venezuela

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Save Capitalism recently posted an update on the currently most hyperinflationary nations, together with some nice graphs illustrating the misery.

Or to put it in numbers, using Belarus as an example:

Belarus reported consumer price inflation at hyperinflationary levels of 92.3% in October, up from 79.6% in September, and 36.2% in the year to June, according to the National Statistic Committee, meanwhile the government is forecasting 2011 inflation of as much as 39%.

The Bank also said that interest rates on liquidity management operations would also increase, with the overnight deposit rate rising to 30% and the overnight credit rate rising to 60%.  The USD-Belarussian ruble (BYR) exchange rate has doubled on the black market, rising to as much as 7,000 per dollar (approx. 6,000 in July), and currently trades around 8795 (5350 in September) against the US dollar, according to quotes from Yahoo Finance.

Written by mo

November 20th, 2011 at 11:49 pm

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