Not to long ago I clicked on an ad for a free investor’s kit from Goldline International. I was skeptical at first entering my phone number and address to a web form for a company I knew very little about. Despite these risks I took a chance and filled out the forms.
Faced with a shortage of small banknotes, people in Myanmar are resorting to bartering cigarettes, shampoo and other items.
The bartering illustrates the effects of surging inflation and the curious decision to stop printing small notes.
Also known as the FOREX or foreign exchange market, this is a global trading arena that is open 24 hours a day from Monday through Friday. This is because no matter what time it may be where you live, there is always somewhere in the world that is open for business.
The American government is staring at total obligations of US $115 trillion, America’s debt-to-GDP ratio is off the charts and the American public is also up to its eyeballs in debt. Under this scenario, you can bet your bottom dollar that the American establishment will try to reduce this debt overhang through a process known as monetary inflation. If you have any doubt whatsoever, take a look at the chart below, which captures the incredible expansion in America’s monetary base.
To prevent inflation from taking off, the Federal Reserve will need to start boosting interest rates quickly and aggressively once the economy is back on firmer footing, Fed officials warned Tuesday.
“I expect that when it comes time to tighten monetary policy, my colleagues and I will move with an alacrity that, if needed, will be equal in speed and intensity”
Man of Truth says that you can buy 45 pounds of wheat for less than 16 dollars. In today’s market that is one way to really stretch out your cash
When it comes to financial advice, what better way to head off inflation by buying now while its still cheap. Last year the price of rice went up close to 120% “The time will come when you wouldn’t be able to buy these for 1000 dollars let alone 2 little pieces of paper.”
Peter Schiff comments on the dollar hitting a new low today as the Euro and the New Zealand dollars are having record High days. This could be due to people anticipating any announcements from the G20 in Pittsburgh that could have a negative effect on the dollar.
How to prepare you finances for depression. Cut costs, pay down your debt, and increase savings, are all steps that you need to take to prepare for a depression.
Regardless of it being an inflationary or deflationary depression, you would not want to be vulnerable to skyrocketing prices or a food shortage. This was the main reason why you want to invest in your food supply today, because the longer you wait the more the prices will rise.
What is inflation you may ask? Rather than explain using complicated economic terms and charts I will show you first hand. Allow us to take a time machine back to the year 1960. A used car costs close to $800, a gallon of gas $0.31, a gallon of milk $0.49, and the cost of a new home was a mere $16,000. Reach into anyone’s pocket at that time and you will find something very different than you would today…Real Money.
Our currency has been steadily losing its value over the years. Soon we will be forced to issue new nickels because they cost more to make than they are worth.
Peter Schiff is an economist, news commentator, video blogger, soon to be senator, and author of Crash Proof How to Profit From the Coming Economic Collapse.
Peter Schiff supports sounds money, limited government, and free market capitalism. His book “Crash Proof: How to Profit From the Coming Economic Collapse” predicted the burst of the housing bubble and the decline of the U.S. dollar.
We as humans basically just want to be happy – but we wrongly believe it can be achieved through materialistic purchases – thinking: “if I only had that new car or big house I would be happy and fulfilled, like all those smiling people in the commercial”; “If only I had that three karat ring I would be the talk of the office, the girls would be jealous and I would look accomplished”
While many analysts expect the dollar to strengthen in coming months as the crisis fades and the U.S. economy turns toward growth, a growing chorus of investors is expressing concern about the longer-term outlook for the greenback.
In a new twist among economists, who have long worried about the effects of growing U.S. debt, they say that the huge liabilities the U.S. is taking on to dig its way out of crisis could ultimately undermine faith in the dollar.
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