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“inflationary depression worse than anything any of us have ever seen.”

February 6, 2009

Peter Schiff, the guy that predicted the entire economic collapse back in 2006, with stunning accuracy (see 2006 video below) has now said that the bailouts and the stimulus work that congress is doing will lead to an “inflationary depression worse than anything any of us have ever seen”. The problem is you can’t discount him, because in 2006 he was the only one that called the housing problem out … years before anyone else did. Here is the link to the Yahoo video with him saying this is going to be an Inflationary Depression. In other words, brace for HyperInflation.. according to Peter Schiff, it’s on it’s way.

Well the government is printing money like no tomorrow, and eventually those dollars will move from the banks to main street… so it’s very much possible… scratch that… very much likely.

He’s talking Zimbabwe level inflation people… not 1970′s US inflation.

This women is burning money to start the stove, because it’s cheaper than buying fuel.
hist_hyperinflation

Written by TheFounder · Filed Under Advertising Agency News 


Comments

  • http://www.adirondackbasecamp.com/ TourPro

    Breitbart was subbing for Miller today and I think he interviewed this guy today.

    I told someone that today was a day to remember because if the “Stimulus” passes, everything we own and have worked for will be worth only half tomorrow.

    Seems the vote is not happening today, maybe Sunday. The unemployment news today seems to have the market convinced that the stimulus is inevitable. Everyone is waiting to see what happens.

    Zimbabwe though? Don’t even say that.

  • http://www.adirondackbasecamp.com TourPro

    Breitbart was subbing for Miller today and I think he interviewed this guy today.

    I told someone that today was a day to remember because if the “Stimulus” passes, everything we own and have worked for will be worth only half tomorrow.

    Seems the vote is not happening today, maybe Sunday. The unemployment news today seems to have the market convinced that the stimulus is inevitable. Everyone is waiting to see what happens.

    Zimbabwe though? Don’t even say that.

  • Scott Vines

    While I don’t expect Zimbabwe-style hyperinflation in the near term, I don’t think it’s out of the question in the long run. The only way to avoid this is to seize the Middle East’s oil fields. In other words, through imperialist warfare. The only reason we’ve gotten away with profligate spending is that our dollar is needed to buy oil. If we control black gold, then our spending will be backed by a tangible asset. I will not be surprised if Obama’s replaced in 2012 by a right-wing belligerent who will use any excuse to start a war in the Middle East. I’m not saying I agree with this course of action. I’m just trying to be realistic.

  • Scott Vines

    While I don’t expect Zimbabwe-style hyperinflation in the near term, I don’t think it’s out of the question in the long run. The only way to avoid this is to seize the Middle East’s oil fields. In other words, through imperialist warfare. The only reason we’ve gotten away with profligate spending is that our dollar is needed to buy oil. If we control black gold, then our spending will be backed by a tangible asset. I will not be surprised if Obama’s replaced in 2012 by a right-wing belligerent who will use any excuse to start a war in the Middle East. I’m not saying I agree with this course of action. I’m just trying to be realistic.

  • Rhys

    the only difference between zimbobwee money and USD money is the color of the ink. There’s no reason we cant hyper inflate and nothing to make it improbable.

  • Rhys

    the only difference between zimbobwee money and USD money is the color of the ink. There’s no reason we cant hyper inflate and nothing to make it improbable.

  • http://www.tribbleagency.com/?p=5966 Ben Bernanke - Thanks for all you have done

    [...] May, we published an article stating that this is going to happen… We also said it was going to happen in February of 2009, and we also told everyone that this was going to happen via an article published [...]

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