HYPERINFLATIONARY DEPRESSION 2010
Our good friend John Williams has just written an artical and he's on finanicalsense to talk about it. John Williams runs shadowstats.com and Ron Paul has quoted from his website, graphs and data. This 30minute interview is amazing and it's brand new. To those who have asked how high gold will go, I will say this, gold will be higher than you believe after 2010. http://www.financialsense.com/Experts/2008/Williams.html You must listen to this.

please summarize any specific predictions. are you willing to say that gold will outperform every other possible investment from now until 2010? that is quite a bold prediction.

Silver may do better. Have you listened to the audio Kamboo? You know your government is a lier and thieft. They are in deficit 4 trillion per year, they steal your social security money and spend it but say you still have by writing out IOU's. They will be unable to pay the interest on their debt so therefor they will simply print the money to pay for it.

In summary, --Gold will be higher than you believe after 2010, and silver may do better.-- Thats a BOLD statement theata. Should I risk my reputation with this information?

Should I risk my reputation with this information? If your reputation is what I think it is, then it will no make difference if I'm right or wrong.

U.S. inflation is like 4, which is ordinary. Now of course ATA1 will claim that the Bureau of Labor Statistics forges the data, and that "real" inflation is much higher. I don't think so. You know your government is a lier and thieft. If the government is a liar and a thief, why do you follow them when they launch their wars

You are such an idiot, ofcourse inflation is running rampant. Why do you think gold is around $1,000 oil over $100, most food prices trippled over the last few years. They have changed the inflation measuring, the current FED is under reporting inflation by 2/3rds. Look at that! the government is expanding the money supply at over 17% PA. Basiclly if the money supply grows by 17%, inflation will also be close to that figuar.

"Figuar"? You should not even be a chicken plucker with your spelling, let alone talk about money. There is stuff that has gone up more than 4%, and there is stuff that is now 25% cheaper than a year ago. Wasn't there a headline just today that the value of South California homes has plunged Your problem is that you go to these websites made by aged losers who push gold. Which would be because a) they are already invested in it and are pumping it in hopes of turning their life savings of $20 into $21 by recruiting more bagholders like you and b) they have no idea what's going on because they were originally coal miners before they got their disability leave and a $30 bonus which they used to buy a gram of gold and a PC with internet. So they go around saying that paper money is fraud, and that the Fed should be hanged, and that gold is the only thing in the world that matters and then of course a naive loser like you buys in at $1000/ozt and loses 20%. What about my question regarding the wars. If everything the U.S. government does is this nefarious conspiracy, why is the Iraq war the only pure thing left

and then of course a naive loser like you buys in at $1000/ozt and loses 20%. I bought gold when it was at $400 an ounce, it's now over $900. Yes, some things have gone down in price such as houses due to over production, but the fact is the government is trying to support those price by causing inflation. (Ludwig von Mises) What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general rise in commodity prices and wage rates which is the inevitable consequence of inflation. (Ludwig von Mises) Inflation can be pursued only so long as the public still does not believe it will continue. Once the people generally realize that the inflation will be continued on and on and that the value of the monetary unit will decline more and more, then the fate of the money is sealed. Only the belief, that the inflation will come to a stop, maintains the value of the notes. The feds own consumer inflation expectations measure is also up. You cling to your Federal Reserve Notes Jaguar.

jaguar do you believe the price of gold will drop 20% from $1000 in the next 3 years? That seems specific-enough of a prediction. Either gold will hit $800 within 3 years or it won't -- there is no ambiguity if you will be right or wrong. ata will you contest this prediction? You only say gold will go "up" which is almost meaningless. It can drop to $800, then go "up" to $801 the next day and you can claim you were right. Are you not confident enough to say that gold won't drop 20%?

Anything is possible, but the scales more heavly swayed to the inflation side. I think Doug Casey explains it well. DC: What we're facing is a monumental monetary crisis that can take one of two forms. It can be deflationary, where billions and billions of dollars are wiped out through bankruptcies and defaults, and the remaining dollars become worth more as a result. Or it can be inflationary, where the world's central banks keep dollar assets from being wiped out by supporting the issuance of debt - which is what they're currently doing, by propping up failing banks and homeowners who can't pay their mortgages. Those are your two alternatives. You can have either one - it's really a flip of the coin as to which you get. DC: Gold has been in a bull market since 2001. It's gone up, on average, about 25% per year compounded, and there's absolutely no reason the bull market should stop now. On the contrary, there's every reason to believe that the gold bull market, having gone through its Stealth stage and still being in its Wall of Worry stage, is going to hit the Mania stage. To sell now would be to leave the big money on the table. My best advice is, be right and sit tight. And that means staying long until you see a golden bull tearing apart the New York Stock Exchange on the front cover of Newsweek magazine, at which point it will be time to sell. BG: What price do you think gold will hit in 2008? DC: Strictly gazing through a crystal ball, I think it's going over $1,200, no problem. BG: What about the long-term price for gold? DC: Just to reach its previous high in purchasing power, gold will have to go over $2,500 - probably more like $3,000 after you discount the phoniness in the government's CPI numbers. But because this crisis is much more serious than the one in the late 1970s and early '80s and much more far-ranging, $3,000 is actually a fairly conservative number. I'll say it again: gold is not just going through the roof, it's going to the moon. It's not me who is just saying it. http://www.dailyreckoning.com.au/big-gold-interview/2008/04/02/

Really, it doesn't take a einstein to realise that the world is about to fall into recession, maybe even a depression :roll: ATA, you are pretty much saying the same shit over and over again - can you PLEASE change the record?