“coming Economic Crash”-book Says Higher Interest Rates Won’t Happen

[BulletproofPat]

I’m listening to an audiobook “the coming economical crash” because it was recommended by Donald Trump.

A really good (but often boring) book, but he says with complete certainty a very interesting thing, that the goverment won’t raise the interest rates to combat inflation in the economic crash, he says this time they will choose a hyper-inflation because the depression of raising interest rates would just be too large (cuz of how almost every american is deep in debt) and also it would make it easier for the government to pay off its own debt.

When he is listing the arguments it makes very good sense, and the author is on the “anti-goverment”-side and knows infinitely more about economy than I do, but I can’t help thinking:
Would the banks allow hyper-inflation?

It would mean that the debt all around the world (if global) that the NWO/international-bankers has worked so long to create would dissapear, right?

It doesn’t make sense to me :S

[WeThePeople]

Quote:I’m listening to an audiobook “the coming economical crash” because it was recommended by Donald Trump. It would mean that the debt all around the world (if global) that the NWO/international-bankers has worked so long to create would dissapear, right?

Interesting question. I'm surprised no one has tried answering it yet. The problem is that the effects of hyper-inflation are at least as bad as the depression that will result if the Fed raises interest rates enough to keep the US dollar competitive on the world market.

I was very surprised when the Fed didn't raise interest rates at their last meeting, and I suppose it indicates that the stupid bastards are going to continue trying to straddle the fence as Alan Greenspan and his predecessors have managed to do for so long in this insane juggling act that is strangling the American people and robbing them of their hard earned savings. The end result of that insanity is that we will probably get "stagflation" (a combination of economic stagnation (depression) and inflation).

The problem with hyper-inflation is that it soon snowballs totally out of control once it exceeds some threshold that I suppose is determined by the perception of a country's economic and military strength as judged by those holding US dollars. Once that happens, a country's currency rapidly becomes worthless and they typically abandon the old currency and try again (usually unsuccessfully) with some "new" fiat currency. The problem is that during periods of high inflation your debts don't simply disappear and your wages never keep up with the pace of inflation, so to a consumer the effect is that the price of things skyrocket in terms of your ability to pay for them, and you end up either living in poverty with your now worthless currency (ie; your currency wouldn't become worthless, but how much value would your savings have right now if minimum housing prices started at $1,000,000, a cheap economy car cost around $50,000, a coke $20, and a coffee $5 - those are just examples. The actual prices of things would be very high but would keep increasing faster and faster until no one could purchase anything anymore. Ever try to purchase something with a Continental dollar or a Confederate dollar?

So in both cases (hyper-inflation and depression), the consumer ends up poor and likely homeless because either he/she lost their job to a depression - or he/she can no longer pay the $25,000/year property tax on their tiny 1,200 sq-ft modest home that is now assessed by the county tax collector at well over a million US dollars (or some equally outrageous amount) due to runaway inflation. By the way, I would much rather read what a respected economist like Milton Friedman (RIP) says than what someone recommended by the likes of Donald Trump says. I always recommend Milton Friedman's book "Money Mischief." You might also want to review the fine film by the Lew Rockwell organization called "Money, Banking, and the Fed" because it presents what might otherwise seem complex and confusing in very simple terms anyone can understand.

The really scary thing about the world situation is that all major world currencies are now fiat currencies. To the best of my knowledge none of them are backed by anything tangible.

[hilly7]

Quote:I’m listening to an audiobook “the coming economical crash” because it was recommended by Donald Trump.

A really good (but often boring) book, but he says with complete certainty a very interesting thing, that the goverment won’t raise the interest rates to combat inflation in the economic crash, he says this time they will choose a hyper-inflation because the depression of raising interest rates would just be too large (cuz of how almost every american is deep in debt) and also it would make it easier for the government to pay off its own debt.


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I haven't heard that or read it yet. Usually the fds raise interest rates to slow down inflation. From what I am seeing in the real estate market the rates seem pretty low, not as low as they were but loans are getting harder to get. I think they will continue to get harder to be approved for conventional, fha, va and others. What I do look for and have been seeing lately is 40 year and longer term notes and "interest only" (kind like the ballon notes.


When he is listing the arguments it makes very good sense, and the author is on the “anti-goverment”-side and knows infinitely more about economy than I do, but I can’t help thinking:
Would the banks allow hyper-inflation?

It would mean that the debt all around the world (if global) that the NWO/international-bankers has worked so long to create would dissapear, right?

Debt would dissapear, no, not really but by and large yes. First would be the working people, especially those oweing for vehicles & credit cards & real estate. The corporations will still get theirs. Small businesses will be shut out. After all the smoke has cleared there will only be bankers and corporations. The bankers have money, we carry worthless promise notes. You must first study what real money is and unless you haver gold, silver or like, you and I have paper or non precious metal coins. What the banks will have is collateral you financed against ie: house, land, car, etc.

It doesn’t make sense to me :S

[FlungPup]

I think there's one currency tied to gold. Swiss maybe. I'm not sure which but I'm pretty sure there's one.

[hilly7]

At one time I thought by we could go back to bartering but after reading the post from Cript Keeper I'm not so sure now. With worthless money even with you property paid off there is still taxes so now there must be money to pay them. Buying gold is easy but selling gold is where they track you. But then again there is the chip, if all money goes electronic again we are left with a wall. For those of us with farms food wouldn't be a problem except no tax money no farm. No paper no proof, computers can get glitches, crash or be entered wrong. We live close to the Smokies yet there is a base on top of one of the mountains (suppose to be secret).

[WeThePeople]

Quote:I’m listening to an audiobook “the coming economical crash”

As I've already said, I disagree with the author's assertions but why don't you upload it to the Crypt so that I and perhaps others can also listen to it? As yet no one has uploaded anything to the Crypt except me. The anonymous upload FTP address for the Crypt is: ftp://crypt.linuxgnu.net/ It's also in the ReadMe.txt file in the Crypt, but you must be clever enough to hack your way into the Crypt by deciphering the username and password from my sig line using your abilities of ironclad logical deductive reasoning. :wink:

In fact, I'll give a <span style="color:#FF0000">Hot Stock Tip! :LOL:to the first two people to upload something interesting to the Crypt.