I may have said it a trillion times but this is too important to not repeat myself every day.
When the bond bubble bursts, then the US dollar will be destroyed.
This will be the greatest financial collapse in history.
The ‘Greatest Depression’ (A hyperinflationary depression.).
And again: Got gold … and silver? (… and food and water for several months?!!)
Is gold a good investment? Consider John Paulson:
- World’s top hedge fund manager has a gold position of at least $5.5bn
It looks like John Paulson really knows what he is doing:
- Paulson May Have Made $428 Million Shorting Lloyds
- Paulson Fund Makes at Least $420 Million Shorting RBS
Remember when Gerald Celente said that those who weren’t listening to the many warnings (Ron Paul, Peter Schiff, Gerald Celente, Marc Faber, Max Keiser) deserve their fate?
If you prepare yourself, then you have a destiny. If you don’t, then what’s left for you is fate.
Marc Faber, managing director of Marc Faber Ltd. and publisher of the Gloom, Boom and Doom Report, speaks during an interview in Hong Kong, March 16, 2009. Photographer: Scott Eells/Bloomberg News
May 27 (Bloomberg) — The U.S. economy will enter “hyperinflation” approaching the levels in Zimbabwe because the Federal Reserve will be reluctant to raise interest rates, investor Marc Faber said.
Prices may increase at rates “close to” Zimbabwe’s gains, Faber said in an interview with Bloomberg Television in Hong Kong. Zimbabwe’s inflation rate reached 231 million percent in July, the last annual rate published by the statistics office.
“I am 100 percent sure that the U.S. will go into hyperinflation,” Faber said. “The problem with government debt growing so much is that when the time will come and the Fed should increase interest rates, they will be very reluctant to do so and so inflation will start to accelerate.”
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Tags: Bonds, Debt, Economy, Fed, Federal Reserve, Gold, Government, Hyperinflation, Inflation, Marc Faber, Politics, U.S.