America's Chickens are Really Coming Home to Roost... <link>

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Thanks for the article... Here is another..

REF: Has the US Reached The Hyperinflation Tipping Point?

Economist Peter Bernholz is an expert on the subject of national hyperinflations. He has studied all the major cases of hyperinflation since 1980. His conclusion: The tipping point occurs when a government’s deficit exceeds 40% of its expenditures.

Guess what? The U.S. will hit the 40% mark in 2009:

Massive sell off of assets to dollars in 2008 was boon to treasury as many investors put their dollars into 30-day - 1 year treasury notes that was paying ZERO percent interest.

Now we know what the feds will do. Print money and allow nothing to fail.

a loser free market economist that was the crack pot economist behind the crackpot texass candidate for president ron paul.

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silly schiff still thinks the austrian and university of chicago schools of economics are correct despite the reality of total failure of the world economy based on their principles in 2008-2009. what a total muck up. and your a bigger pissant fool worldlymrb for believing all that crap.

turn what's a barely perceptible dip on a several-decades long scale, into some sort of graphic Grand Canyon. A couple things to keep in mind all this: There's big bucks to be made in minor currency value dips. Throughout our American history, invested mercenaries have been producing "sky-is-falling" screeds, in order to provide impetus for their investment positions.

And second of all - the actual value of the dollar vis a vis the world's other currencies, is never "all that", one way or another. For instance, the dollar was at considerably lower value levels at times during the George Era, than it is now. And at that time, we were reminded of the very real advantages that accrue to our economy, when our dollar is relatively weaker.

It's a little disengenuous now then, for these redkookian mercenaries and screeders to be suggesting it as some sort of "given", that a stronger dollar is always and necessarily better than a weaker one.

soros made his billions playing that game.

others have lost billions.

its a rough game.

He's a stock broker who focuses on Gold and non-U.S. stocks, which by definition means he betting against the dollar. He's calling for Gold to hit $5,000 and the U.S. stock market rally to end. No conflict of interest there.

He's a right wing Republican who believes we should end business regulation.

He's a fucking moran.

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Schiff began his career in brokerage with Shearson Lehman Brothers.[3] He launched Euro Pacific Capital in 1996.

Euro Pacific Capital typically recommends an investment strategy which accords with Schiff's view of the U.S. economy, focusing heavily on non-U.S. stocks and precious metals, specifically gold and silver.

Euro Pacific Capital holds the exclusive rights to broker certain Perth Mint gold products in the United States.

Schiff is a firm believer in reducing government regulation of the economy.

Schiff believes that gold will reach USD 5000 within a few years and that the 2009 stock market rally will not last.[