What Are You Doing Right Now? (164 Viewers)
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Well, the mainstream media wouldn't report on something like this. But many experts like Marc Faber go on tv and provide his opinions on the matter.
When will major inflation hit? Hard to say, but I don't think it will for at least another year. Nothing has really changed in our economy because the banks still have bad assets and aren't lending, home prices are still falling because they need to, unemployment is still rising, so I think we will continue seeing a debt deflationary spiral, meaning the stock market will go down. The only thing that has changed is that foreign governments are getting pissed that we are recklessly printing money, so they are trying to dump the dollar, which would cause inflation.
So I'd say that in anywhere from 1 year to 5 years time we will see major inflation. It really depends on how serious foreign governments are in getting out of the dollar.
What the Chinese are doing is hedging against the US dollar by buying those commodities. They are incredibly smart in doing so because they're also buying commodities cheaply.
Hyperinflation or stagflation in the US would be the worst possible scenario. China and Russia are already proposing a new 'world' currency, so tensions are mounting between Washington, Beijing and Moscow. Compound this with the fact that our central bank wants to inflate our way out of this mess, it's clear that all roads lead to inflation in the long run.
But considering everything is tied to the dollar, both the US and Asia could be in the same boat until they get out of it. That's why it would be in China's best interest to end this global dollar Ponzi scheme of buying debt that won't be repaid.
When will major inflation hit? Hard to say, but I don't think it will for at least another year. Nothing has really changed in our economy because the banks still have bad assets and aren't lending, home prices are still falling because they need to, unemployment is still rising, so I think we will continue seeing a debt deflationary spiral, meaning the stock market will go down. The only thing that has changed is that foreign governments are getting pissed that we are recklessly printing money, so they are trying to dump the dollar, which would cause inflation.
So I'd say that in anywhere from 1 year to 5 years time we will see major inflation. It really depends on how serious foreign governments are in getting out of the dollar.
What the Chinese are doing is hedging against the US dollar by buying those commodities. They are incredibly smart in doing so because they're also buying commodities cheaply.
Hyperinflation or stagflation in the US would be the worst possible scenario. China and Russia are already proposing a new 'world' currency, so tensions are mounting between Washington, Beijing and Moscow. Compound this with the fact that our central bank wants to inflate our way out of this mess, it's clear that all roads lead to inflation in the long run.
But considering everything is tied to the dollar, both the US and Asia could be in the same boat until they get out of it. That's why it would be in China's best interest to end this global dollar Ponzi scheme of buying debt that won't be repaid.
The UK is in the same sinking ship as we are. 
Aberdeen hasn't been hit nearly as hard by the recession as most places, though.
We have our own wee economy due to the oil. Unemployment hasn't risen so much and property prices haven't fallen as severely.
Interesting that the Chancellor is one of the more cautious folk around. A lot of folk that appear on the news or whatever seem to claim the worst is past, but he seems to be continuing doing the same thing as he was before (pumping money into the economy).
