Scary conspiracy theories and paranoia about hyperinflation abounds

wombat42_2

For example see:

http://www.republicbroadcasting.org/index.php?cmd=news.article&articleID=2119

http://news.kontentkonsult.com/2008/10/excellent-post-from-kitco.html

http://www.theinternationalforecaster.com/International_Forecaster_Weekly/Insider_Profiting_Will_Bring_The_Hyperinflation_Juggernaut

wagdog

Seeking refuge in conspiracy theories is to be expected when faced with a situation in which one has lost control.

wombat42_2

wagdog wrote: »

Seeking refuge in conspiracy theories is to be expected when faced with a situation in which one has lost control.

Yes but they all seem to be pointing towards hyperinflation and the ultimate collapse of the US dollar.

Reaper

Personally I don't think there is the slightest chance of hyper-inflation. Regular inflation perhaps due to governments borrowing and spending, but even that damped down by a deflationary recession.

As for the US$ - it's been going from strength to strength recently against most world currencies, largely because it is believed countries outside the US will be forced to cut interest rates faster than them to counter recession.

purch

they all seem to be pointing towards hyperinflation and the ultimate collapse of the US dollar

The same "Bloggers" have been predicting the ultimate collapse of the U.S. Dollar and the U.S. Financial System for years.

They are all getting more and more excitable recently as about 5% of what they have been predicting as total certainty appears to be coming true....

If Gold manages to get back above $ 1,000 it won't just be Wombat who'll be "wettin himself with excitement"

P.S. My prediction is that we will soon get the ultimate revelation that Wombat is the secret love child of Jim Sinclair and TrustNo1

wombat42_2

purch wrote: »

The same "Bloggers" have been predicting the ultimate collapse of the U.S. Dollar and the U.S. Financial System for years.

They are all getting more and more excitable recently as about 5% of what they have been predicting as total certainty appears to be coming true....

If Gold manages to get back above $ 1,000 it won't just be Wombat who'll be "wettin himself with excitement"

P.S. My prediction is that we will soon get the ultimate revelation that Wombat is the secret love child of Jim Sinclair and TrustNo1

Yes but they aint just spotty adolescent bloggers. They include congressman Ron Paul. Jim Sinclair and Jim Rogers are both in their 60s and have a career in finance for decades.

tradetime

I too would not expect hyper-inflation, but I do think the aftermath of all this liquidity pumped into the system, and the substantial debts that countries are taking on will be sustained strong inflation possibly ramping up from mid to late 2010.
As for conspiracy theories, they're a penny a dozen, there's always some crackpot predicting some disaster over and over again forever, and one day....they'll be right, even a broken clock is right twice a day.

wombat42_2

tradetime wrote: »

I too would not expect hyper-inflation, but I do think the aftermath of all this liquidity pumped into the system, and the substantial debts that countries are taking on will be sustained strong inflation possibly ramping up from mid to late 2010.
As for conspiracy theories, they're a penny a dozen, there's always some crackpot predicting some disaster over and over again forever, and one day....they'll be right, even a broken clock is right twice a day.

Jim Rogers has a long catalogue of sucessful predictions (often completely against the tide) and he is extremely wealthy as a result. There is of course no guarantee he is right this time but he is not just a crackpot nutter.

Short_Seller

Don't know about hyper inflation but history always points out that when Central Banks run the printing press like there's no tomorrow we get inflation some time down the road.

purch

are both in their 60s

...........and they are still waiting to be proved correct !!!! :rotfl:

wagdog

wombat42 wrote: »

Jim Rogers ... he is not just a crackpot nutter.

Jim Rogers is a firm believer in the Austrian School of Economics. Many Austrian economists have concluded that government intervention will eventually lead to hyperinflation a la Weinmar Republic. They are backing their beliefs with cash by buying up a lot of gold and other commodities as a hedge -- i.e. they are betting against the dollar in the long run, even though in the short-run they are all losing.

Ron Paul holds similar beliefs, however he also believes in a number of conspiracy theories such as the NAFTA superhighway. The number of Austrian School fans that believe in conspiracies such as New World Order, The Amero, and Global Government, is rather disturbing especially when they hopelessly intertwine simplistic economic reasoning with fantastical conspiratorial speculation. It threatens to taint in a very bad way what might otherwise have been an intriguingly compelling economic theory.