Inflationary Holocaust - Jim Rogers

Really2

ramellous1 wrote: »

I did check your link, and under "word history" I found this:- "In the 20th century holocaust has taken on a variety of figurative meanings, summarizing the effects of war, rioting, storms, epidemic diseases, and even economic failures."

Therefore could we have an economic failure caused by inflation (inflationary holocaust)?

Not really hyper inflation would come from the current economic failures (If I belived it) so would be a side effec of the failures not the cause.

Giving this guy is banking on this coming good (hyper inflation) he would not see it as an economic failure.

I dont really want to argue to much about the word it's self as I myself find it out of context.

ramellous1

Really2 wrote: »

I dont really want to argue to much about the word it's self as I myself find it out of context.

Ahh, but I was having fun.:beer:

robin_banks

Another bonkers post

Sir_Humphrey

Yet more evidence that George Soros was the brains in Quantum Fund.

Generali

Sir_Humphrey wrote: »

Yet more evidence that George Soros was the brains in Quantum Fund.

Jim Rogers is pretty entertaining. All that, "The Fed's gotta open the window" stuff was quite amusing.

Sadly, a lot of stuff that seemed rather far fetched a couple of years back is just normal now.

Conrad

When I bought a property in Berlin (2004), the decision was in small part, influenced by Jim Rogers announcing he had bought 500 Berlin flats.

I didn't make much profit when I sold in 2007 despite his near certainty it was the best place to buy on the planet.

As for just letting people go bust, the misery would be so widespread as to suck otherwise solvent business' and individuals into the mire.

There is too much debt, too far flung. Such a measure would drag down Banks in droves and the whole system will fail.

In past history business wasn't 'global' to the extent it is now, and certainly the general population did not have endless catastophic news on tap.
Nowadays the sunami would be rapid and ravenous.

Sir_Humphrey

Conrad wrote: »

When I bought a property in Berlin (2004), the decision was in small part, influenced by Jim Rogers announcing he had bought 500 Berlin flats.

I didn't make much profit when I sold in 2007 despite his near certainty it was the best place to buy on the planet.

As for just letting people go bust, the misery would be so widespread as to suck otherwise solvent business' and individuals into the mire.

There is too much debt, too far flung. Such a measure would drag down Banks in droves and the whole system will fail.

In past history business wasn't 'global' to the extent it is now, and certainly the general population did not have endless catastophic news on tap.
Nowadays the sunami would be rapid and ravenous.

I find it bizarre that he is so keen on China, a polluting, authoritarian state, whose export markets are collapsing, with the mother of all demographic timebombs ticking away. Sounds like an accident waiting to happen IMHO.

StevieJ

Sir_Humphrey wrote: »

I find it bizarre that he is so keen on China, a polluting, authoritarian state, whose export markets are collapsing, with the mother of all demographic timebombs ticking away. Sounds like an accident waiting to happen IMHO.

He doesn't GAFAT:D he just wishes to extract cash out of the system, I find his screwball disciples really funny

Generali

Sir_Humphrey wrote: »

I find it bizarre that he is so keen on China, a polluting, authoritarian state, whose export markets are collapsing, with the mother of all demographic timebombs ticking away. Sounds like an accident waiting to happen IMHO.

Yeah the One Child policy is sitting there silently creating a generation of 4 grandparents trying to live off a couple who are trying to raise their own child. It is a disaster waiting to happen.

I think it was brought in in 1979. So almost all the parents will be 65, 45 years after that which is <counts fingers and toes>2024</counts fingers and toes>.

I don't know much about Chinese pension schemes but I doubt the state put much away from the production of the collectivised peasantry for future years.

It might make an interesting sweepstake. How many years after 2024 will the wheels fall off the Chinese economy?

HelpWhereIcan

I remember reading somewhere that the Chinese save more and are less indebted than anyone.

Could not find th actual document but a quick google found

[8] Between the years 1978 and 1996, the average Chinese savings rate was 37%. This has increased steadily, hitting 52% in 2006, where it currently remains. In 2005, the US savings rate dipped below 1%. According to the New York Times, the average American only has $392 in savings and thousands of dollars in credit-card debt. The average US household also owes $117,951 on items such as a home mortgage, car, and student loans. See also "Growth-Financial Intermediation Nexus in China" from the IMF.

http://mises.org/story/3293#_edn8