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The main idea probably is to debase the currency to make produced goods more atractive for foreigners. The flaw in this seems to me what if the rest of the world aims for the same route to kickstart their economy. Beggar thy neighbour? Also it seems to be a bit narrowminded in my view to...

To play advocate of the Devil here despite Paul's compelling statements and dito style there are plenty of people on ET and elsewhere who are of the opinion the school of Austrian economics upon which he bases his primary views is just as flawed then Bernanke's Zimbabwe school of economics...

Soon Blackrock has a +2 trillion$ balance sheet. That's bigger then the FED? Masters of the universe.

No wonder Aapl has good earnings. They charge 3 times more for the same Asia made product in Western Europe. What's up with that. Where is our part of the deflation.

Those left behind will move to Western Europe and leech on the social social welfare system overhere.:p

All hail King Euro.

In euro's the S&P is down. Perhaps by going into cash he means euro's?

There is +- 7 trillion $ in US bank deposits? So it would have been cheaper as some said to declare the system bankrupt and just guarantee deposits?

I see. Keiser's main theme basically is that he is of the opinion central bankers are counterfeiting criminal oligarchs deep in bed with the Wall street scum who have no interest what so ever in the little guy. But don't expect anyone to revolt cause people in the western world are...

Why is that, Anaconda, if I may ask.

I read Black Swan on holiday and wasnt that impressed. It's full of stuff like: If you ask 100 people their favourite colour you will get black and blue. If you want to be a socialist move to France. There is no such thing as an elite behind the scenes just look at google they got...

The business of Progressives is to go on making mistakes. The business of Conservatives is to prevent mistakes from being corrected. G. K. Chesterton

If you don't like GS and the incestuous relationship with Washington everyone on Wall Street loves so much move to France indeed. Sarkozy: "Why should taxpayers have to pay for mistakes made by private banks?" http://euobserver.com/9/27557

Actually, the USD is the currency of choice in Zimbabwe this day in age I believe which does give the prediction of 'Zimbabwe style' inflation in the US a bit of a ironical taste doesn't it?

Learning about the world of economics I have noticed not one economist or market prognosticator throughout modern history (and before?) hasn't made at least a couple of terribly or even horrible calls discrediting most of their previous work if one were to be truly rigid in his judgement...

I read Soros' book about the crash of 08 last week and he went into 08 long China and India indexes and short the $. unfortunately, emerging markets crashed hardest and the dollar posted it's biggest rally in decades. This is a well conected top trader who positioned himself reasonably...

Yes but with all due respect that judgement might have something to do with you being long precious metals yourself as you have stated several times on ET before. I'm in the same boat but I have learned to be sceptical about the 'going to the moon' predictions and basically have no idea if...

Seems to me gold could go up to 1200$ if say the DOW moves above 10000. If the markets tank I have a hard time seeing gold not falling as well if not gold itself then certainly the miners. The fall will tell indeed.

You guys think we could still hit it? Cheers.

:p