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Caught Between Hyperinflation vs Market Crash|
Talk of tapering was accompanied by a lot of contradicting criteria. B.S. Bernanke doesn't want the market to actually believe that tightening will occur but also doesn't want a hyperinflationary run on the currency.
That there is a risk of a hyperinflation is clear. To prevent a spike in interest rates, it's the flow rather than the stock as the nationalistic, dumbed-down Zero Hedge has pointed out because the bond vigilantes are front-running the FED and are dumping Treasuries as soon as they've made a profit. The only way to exit QE is if the Treasury runs a balanced budget for an extended period and the debt is run-down. That would take many years. The pump & dump across all markets is also, obviously, herding of sheeple into the dollar and peddled by the propagandists as "risk-on; risk-off", superseding earlier propaganda that gold was falling as shares were falling because those losing money on shares had to sell gold to cover the losses. Other propaganda includes telling the sheeple to keep six months spending in cash. Also, the 20 year wave of Baby Boomers requires real resources irrespective of the paper dollar amount. They'll have to increase price inflation.
Certainly, Max Kiester believes in the hyperinflation threat. He has repeatedly claimed that the debt deflation would somehow "overwhelm" B.S. Bernanke's ability to print limitless dollars out of thin air. Criticism of B.S. Bernanke by Kiester is conspicuous by its absence, despite zero interest rates, an explosion of the monetary base from $800bn to $3.4trn and an even more dramatic explosion of unlent reserves from $2bn to $1.9trn. So the Kiester is merely a distraction from what's really going on. Both Kiester and Gary North can see how desperate the situation in the US is, which is why both have tried to throw their fellow Amerikans under the bus with bad advice. Kiester only offers the odd bone to the suckers, such as Reggie Middleton's assessment that Facebook was overvalued. Kiester has espoused this scam himself, saying you always give the mark a dollar back in order to keep them sweet. North's latest article parrots the claim that the sheeple are not saving enough in a pension, whereas good advice would be to save but NOT in a financial product run by banksters.
Kiester's guttersniping, speciest slurs parrotting puerile BS about China, shows he wants to shout-down any views revealing the truth. It is tacit and unashamed admission that he is a propagandist. It's similar to amerikan quackonomist, Adam Posen's, blustering about "inflation nutters".
Kiester is not only a propaganda terrorist, but a financial cannibal!!
Meanwhile, Lauren Lyster's Capital Account has ended and been replaced by Prime Interest. Capital Account skirted the truth about gold, so Lyster received insults. Prime Interest is even more dumbed down and also nothing more than a distraction which isn't worth watching. I downloaded an episode of Capital Account once and Microsoft kindly downloaded a "patch" to vandalise, not only my operating system, but the file I'd downloaded. Now I have to transfer such files to another PC (which is not connected to the internet, unlike the PCs of US defence contractors), convert it into mpg format and then I can get round the Data Execution Prevention and even though this PC ALSO has DEP.