Monday, January 26, 2009

Hyperinflation in the MSM

Michael Panzner has an 11 January 2009 post at his Financial Armageddon with a link to a Barron's article. Mario Gabelli to Fred Hickey (FH), "So, you're saying [Bernanke]'s going to make the same mistake of the Weimar Republic"? FH, "There is a possibility of that". I'll add a quote from FH, editor of the High-Tech Strategist, "On to gold. You have to protect yourself against potential hyperinflation. All the central banks are printing money now. The bull market in gold was rather orderly for the first eight years. We haven't seen the blowoff phase you get in all bull markets. That's coming".

The dirty word "hyperinflation" finds its way into the MSM.


Anonymous said...

Isn't it natural for the Fedsters to create hyperinflation?

How could anything else keep the status quo afloat?

Independent Accountant said...

That is the Fed's function, to create inflation. Inflation will not end until the Federal Reserve Act is repealed, and perhaps not even then.