Economy

James Turk believes hyperinflation is ahead. Bob Prechter believes massive deflation is coming. An interesting discussion between the two takes place in this audio. Ultimately, both lead to Depression. Only the route taken differs, but that is important.

The next crisis is coming, whether people want to believe it or not. More and more people are waking up to this realization and can now see the writing on the wall. Economic indicators are poor, and nothing has been truly resolved from our last crisis. The chickens are coming home to roost and it's not going to be pretty. The best we can do is prepare for the worst and hope for the best. The question is, are you prepared?

The history of financial crises and the relationship between growth and public liabilities shows that burdens above 90% are associated with 1% lower median growth - and the United States’ debt level is currently hovering around 90% on a gross basis and 60% netting out assets.

We live in an unreal world with unreal prices based on unreal (fake) money and this is why it will all come to a very abrupt end. That time could start at any time. Fundamentally it must happen. Here's why.

The pendulum towards deflation has swung too far, and investors should at least consider, and be prepared for the opposite outcome, which is the rise of inflation.

There is a general pattern for the stages of hyperinflation - the stages of the "death of a fiat currency". Here they are.

I have been reading a lot lately about the coming hyperinflation in America... [and while] I respect many of the writers [who express that opinion] I think they are jumping the gun. At this point none of the economic or political factors required to set off hyperinflation are present - and a careful analysis of theory, fact, and history leads me to conclude that inflation/stagflation is our future. It is quite a leap of fancy to say we are certain to have hyperinflation. Words: 2780

The gap between the retirement ‘haves’ and ‘have-nots’ has grown since the recession ended and it is only going to continue growing unless people are provided with enough financial guidance so they can plan accordingly.

The rising gold price is a warning signal for the coming economic crisis.

Even though federal debt has soared relative to GDP in the past decade, the burden of the debt is about as low as it's ever been. Still, the growth in debt does reflect some structural problems that are working to keep the economy from achieving its full potential.