One of the better economic analysts is John Williams at Shadowstats.com. When he speaks, one should listen carefully. He has just done so:
The U.S. economic and systemic solvency crises of the last two years are just precursors to a Great Collapse: a hyperinflationary great depression. Such will reflect a complete collapse in the purchasing power of the U.S. dollar, a collapse in the normal stream of U.S. commercial and economic activity, a collapse in the U.S. financial system as we know it, and a likely realignment of the U.S. political environment. The current U.S. financial markets, financial system and economy remain highly unstable and vulnerable to unexpected shocks. The Federal Reserve is dedicated to preventing deflation, to debasing the U.S. dollar. The results of those efforts are being seen in tentative selling pressures against the U.S. currency and in the rallying price of gold.
Williams site is both free and subscription-based. I believe the current report is only available to subscribers. Tyler Durden included much of it on his site Zerohedge. To read it, click here.
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For a minute I thought you said hyperventilation.
We in the UK are going down and will take Ireland and a huge swathe of Europe with us.310 tonne of Gold and $12.6 Trillions of debt and a failing tax base,onto whose shoulders the take of ri argant and connected bankers are thrust and we the tax paying lebs are being blamed?The French revolution was a long time coming,but I hope ours is not as vicious but devastating to the established powers.