Article: Hyperinflation is Guaranteed
The publication Whiskey & Gunpowder is written by the folks Agora Financial. Here is how they discuss it’s direction: The independent Investors Daily guide to Gold, Commodities, Profits and Freedom.
Sounds interesting & right up my alley! I have read their wisdom for years. Wow – did they find a strong one in this below article. They entitled it: Hyperinflation is Guaranteed. The author himself is Egon von Greyerz who wrote this on the 24th for Switzerland Gold. He entitled it Past the Rubicon and the Point of No Return
I am posting a lot of this article, as I feel it is important. I feel you will find it is important as well. It might move you to take heed and buy gold! Your precious metals dealer is really someone you should meet, if you have not yet!
Here’s the main points of the article:
“Yes this is it! We have crossed the Rubicon and events in the world economy are now likely to unfold in a totally uncontrollable fashion. Clueless governments still don’t understand that it is their ruinous actions that have created a credit infested and bankrupt world. They will continue to prescribe the same remedy that caused the problem in the first place, namely more credit and more printed money. The consequences are clear; we will have hyperinflation, economic and human misery as well as social unrest.
When will the world finally begin to understand that we have reached the point of no return and that “the voyage of their life is bound in shallows and in miseries” (Shakespeare, Julius Caesar)? Sadly, we are probably not very far from that point. It is already starting to happen in many countries.”
This is how contagions begin – note that this does not mean new gold coins are cloning themselves
Egon continues
:
“So the world is now on its road to ruin and there is no action, no leader and no new amount of printed money that can save the world or prevent a hyperinflationary depression.
Never in history has the world been in a situation when virtually all industrialized countries are bankrupt. Therefore there is no precedent for what will happen in the next few years. What we can be quite certain about is that events will happen in a seemingly random pattern and that it will be impossible to forecast where the next crises will start.”
My addition here – it took three days. Germany had a Bund market auction failure today.
Egon continues:
“So, if virtually bankrupt nations don’t cut their deficits, they will definitively go under and if they try to cut, they will also go under due to collapsing output and tax revenues and colossal debts. Thus whatever actions governments take or don’t take, they are damned.”
Regards,
Egon von Greyerz
Well, strong words. Now is a time for strong words!