It’s not like this is the first time something like this has happened, and every other time people like you made similar claims.

FloatingRock on November 25, 2008 at 1:40 AM

Sure, there have always been false claims. I agree with you. But, that doesn’t negate the fact that the Bible predicts future events. You’re driving your car and you take a wrong turn and you get lost. What is the best thing you can do? Find yourself a reliable map! Isn’t that right? The Bible is a reliable map. All you gotta do is read it, it’s self proving. The world is lost. People see and know the world is in chaos, out of control, and they ask why is all this happening? The answer is as close as their Bible.

Simple really:

1 – repeal SOX;
2 – repeal CAFE;
3 – put Pelosi, Reid, Barney, Dodds, Obama et al in jail for fraud
4 – free the energy industry to produce energy

Hal Turner Show/

Right or wrong, advocating violent revenge in a public forum is just dumb.

Revolution may be justified, but I don’t think we’re there yet. And any revolt must be based on supporting and defending the Constitution, not on vengeance. I hope most people remember that: Stand by the Constitution!

And the Amero is probably not quite real:

Amero Coin Con

This definitely sounds like a ploy to get a one-world currency. Or at the very least, a North AMerican Currency.

JAM on November 25, 2008 at 10:52 AM

I’ve never bought into the whole “New World Order” conspiracy thing, but I have to say this video makes me wonder if the US Dollar is already being ushered out the door:

Hal Turner muestra el Amero

It does fit the pattern of a planned hyperinflation. I don’t know of any other viable way to deal with the national debt.

Disclaimer: I never heard of Hal Turner before this morning, and I don’t know how factual this video is. Anybody with more info, please chime in.

More: Hyperinflation Watch

Ron Paul 4 Kidz

And just for laughs:

http://www.somethingawful.com/d/flash-tub/conspiracy-theory-911.php

No, only if you have a low fixed interest rate on the debt.

As in the Carter years, the creditors will change to very high interest rates for fixed rates, and adjustable rates otherwise to protect themselves.

Who else remembers 20%+ interest rates in the Dhimmy years? Your parents may have been okay with their low fixed-rate mortgages from the 60s, but everyone else was dead in the water.

What is going to happen to the dollar? Why is it going to happen? What will the international response be? Answer all those and then my answer would be yes.

muyoso on November 24, 2008 at 7:51 PM

Because Ron Paul claimed that the economy would slow down, this makes him some kind of financial genius? Everybody, including the people who laughed at Schiff, who by the way did not get everything right (the housing market has indeed, not slowed down), said that the economy would slow down. Whether it would “crash” or not has yet to be seen; I’m not seeing any apple cart vendors or street corner pencil salesmen. Show me Ron Paul’s economic forecast from the time he was campaigning and lets match everything up.

You can put paper cash into the economy by doing a few extra printing runs but that devalues the currency by the same amount that you printed up. So then prices go up and people are left exactly where they were before.

The ONLY way to grow the economy is to shrink government. No economy except dirt poor stone age economies ever benefited economically by government growth and only really took off once government stepped aside and let the economy grow. Government can bootstrap things but can not run things in a sustainable fashion … unless you have at least two governments that can compete and people can choose which government they want to belong to.

Shiff avoided the dot com bubble investing, predicted the housing bust and financial crisis several years out when the down was going to 14000.

Where Peter has been wrong in the near term is that other economies did not detach from the US economy, but tanked also even though they are fundamentally strong producing nations. These economies hadn’t went down in the last year, so the US already had some downsizing. Our current high value of the dollar and low commodities is a very temporary thing as people cash out in dollars.

Eventually the foriegn markets will detach from our, foriegn creditors say enough, and American will be on it’s own. No bailout or printing money scheme will work and we are only making it worse at this juncture

Shiff invests in foriegn markets and their commodities. There are great values out there now, with high dividends paid in Foriegn currencies. These will strengthen as our consumer based economy declines.

Assuming (?) that hyperinflation strikes the US, doesn’t that actually have a positive impact on a country that is the world’s largest debtor nation? I am thinking of Germany in the inter-water period where (again, from Discovery Channel) they paid off thier WWII reparations very easily.

I’m afraid that the bottom line of hyperinflation would be oil becoming critically short due to a weakened dollar and the commodity bubbles caused by all that money floating around looking for a haven. And people who have speculated on what would happen when the world dumps our dollar for some other “fiat” currency is not at all good, which hyperinflation would bring.

With hyperinflation, we’d have to become self-sufficient and net exporters. Energy, not money supply, will dictate the size of our economy because it will be the fundamental ingredient we’ll have the least amount of.

This definitely sounds like a ploy to get a one-world currency. Or at the very least, a North AMerican Currency.

Assuming (?) that hyperinflation strikes the US, doesn’t that actually have a positive impact on a country that is the world’s largest debtor nation?

Waterboy on November 25, 2008 at 10:11 AM

That may be exactly what the underlying conspiracy plan is here. But the downside is: 1. Getting through the actual hyperinflation phase, and 2. When we come out of it, you will have no savings, no retirement, and Social Security will be wiped out. The dollar will also be gone, replaced by some other currency.

But hey, it’ll be a whole new world!

Assuming (?) that hyperinflation strikes the US, doesn’t that actually have a positive impact on a country that is the world’s largest debtor nation? I am thinking of Germany in the inter-water period where (again, from Discovery Channel) they paid off thier WWII reparations very easily.

Could that be the case with the US?

Hyperinflation is looking more and more unavoidable. The government is doing all the wrong things.

lodge on November 25, 2008 at 3:08 AM

On the bright side, they’re not using scientific notation, yet.

As the baby boomers moved into their own houses it caused a building boom. Then their children and finally their grandchildren needed homes of their own. Now that is ending. The boomers are going to start moving out of their homes in the neighborhoods where they lived during their working career for cheaper digs when they retire. The great 30 year demand for housing is over. At the very same time, people were moved into mortgages that they could barely afford with adjustable rates when interest rates were at historical lows. When interest rates finally started to rise, the mortgages adjusted, those mortgages defaulted and it basically destroyed home values JUST when a huge number of homes are due to go on the market as boomers retire.

What we need is a new source of value. A new source of equity. This has traditionally been done by investment in business and industry (before the real estate boom). People took risks and started a business or they invested in successful businesses.

Taking a wad of cash and throwing it into the economy doesn’t create any long term value in and of itself. Simply spending money on stuff doesn’t create any value, or build any equity for the person spending it. They can’t take whatever they buy with a few hundred bucks and refinance it in a few years to buy a new car or send a kid to college.

The only thing that makes sense is to return to basic principles. You need to build equity the old fashioned way. Capital gains. Unless people take any “economic stimulus” cash and invest it in something that promises to grow in value, such a wad of cash thrown into the market will be about like a cup full of gasoline tossed into a campfire. It will blaze for a little bit but once it is burned up, the fire returns to where it was and unless you keep tossing gas in there, eventually goes out. Unless someone takes that money and uses it to plant trees, that fire can’t be kept going.

Residential real estate is finished for about the next 20 to 30 years as the main creator of personal wealth in this country. People need to go back to fundamentals. Invest in a good business with a good product and a good plan. As it grows, the value of your investment grows. This crap of simply sitting around while housing values rise forever is overwith.

FloatingRock on November 25, 2008 at 2:53 AM

Hyperinflation is looking more and more unavoidable. The government is doing all the wrong things.

And rather than preparing themselves, people’s lives are being dominated by the everyday affairs of life just like the people in the days of Noah.

apacalyps on November 25, 2008 at 1:19 AM

For too many people that’s probably true.

They are so busy with their everyday affairs most people don’t even believe that judgment is coming.

You lost me there. It’s not like this is the first time something like this has happened, and every other time people like you made similar claims. It’s human nature to avoid the unpleasant for as long as possible. This has probably happened every single time throughout history when times have grown tougher, which on the scale of 2000 years is actually fairly frequently.

Although, admittedly, this time we have terrorists running around looking for WMD’s, but it’s still a human event, IMO.

Sorry old folks, no Social Security for you, we had to give it to the Banksters so they could pay bonuses, Medicare is still there for you, but we’ve reduced the benefits so we now only cover euthanasia, (but we do still pay 100%) and you still get $300 for a nice funeral. So see, Uncle Sugar IS looking out for our Seniors’ needs! After all, the Native Americans just sent their old folks out to the prairie to die.

If I was younger I would be looking for a new country. Oh
Best Regards;
Georgia Bear

KentAllard on November 25, 2008 at 1:35 AM

Look at the bright side. They did find a way to derail the coming entitlement crisis. Bankrupt the nation! It’s brilliant in it’s simple elegance.

If I was younger I would be looking for a new country. Oh
Best Regards;
Georgia Bear