US recession over! (2 Viewers)

[Bjerknes]

Shadowstats' John Williams: Prepare For The Hyperinflationary Great Depression

The U.S. economic and systemic solvency crises of the last two years are just precursors to a Great Collapse: a hyperinflationary great depression. Such will reflect a complete collapse in the purchasing power of the U.S. dollar, a collapse in the normal stream of U.S. commercial and economic activity, a collapse in the U.S. financial system as we know it, and a likely realignment of the U.S. political environment. The current U.S. financial markets, financial system and economy remain highly unstable and vulnerable to unexpected shocks. The Federal Reserve is dedicated to preventing deflation, to debasing the U.S. dollar. The results of those efforts are being seen in tentative selling pressures against the U.S. currency and in the rallying price of gold.

http://www.zerohedge.com/article/sh...ms-prepare-hyperinflationary-great-depression

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I still believe massive Deflation will end up winning before inflation occurs, but if our central bank continues on with these same policies, Williams will be correct. And it would be unfortunate because a hyperinflationary depression is the worst possible scenario.

 

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[IrishZebra]

I believe I talked about the EU superceding the US in Social and Economic terms a few month ago and was laughed off.

I enjoy my impending vidication.

 

[Bjerknes]

I believe I talked about the EU superceding the US in Social and Economic terms a few month ago and was laughed off.

I enjoy my impending vidication.

European banks are more leveraged up than ours on derivatives involving Greece, Spain, Ireland, and all of Eastern Europe. We are already seeing Greece collapse and this is just the start.

I'm afraid that we are all on the same sinking ship. The EU will not be spared.

 

[IrishZebra]

The only difference is that these debts and risky leverages aren't at the core of our economic strength.

 

[Bjerknes]

The only difference is that these debts and risky leverages aren't at the core of our economic strength.

Well, it absolutely is for the UK at least.

Just look at some of the current account deficits for EU members... quite scary. Some are much worse than the US.

Nothing about the EU inspires confidence.

 

[Nenz]

One painfully obvious sollution. Regulate the fucking banks. I think we might have some of the most regulated bank activity in the world hence our resiliance to this shit storm.

 

[IrishZebra]

Well, it absolutely is for the UK at least.

Just look at some of the current account deficits for EU members... quite scary. Some are much worse than the US.

Nothing about the EU inspires confidence.

I know we've gone below 1.50 a few days ago, i haven't checked it since, Britains self-imposed ostricism from the rest of Europe is the largest reason as to why they are in the shit along with us in Ireland, you can bank on the security of germany and france, germany moreso. You also have to factor in that although we may be sinking atm we aren't sinking as fast (discounting the tards in Greece)as the states, of course the EMU criteria means that default is to be avoided at all costs in a one-for-all sense, Europe can't default, I didn't think America could either, until i saw the foreign holdings of sovreign debt.

 

[SingJuveSing]

iz dis reel\]?