I have studied inflation’s effect on economies and consider myself an expert on the subject. I have written extensively on the subject and have given speeches on how people can protect themselves from the coming boom in inflation.
Recently, on eBay I purchased a bunch of authentic 100 trillion dollar bank notes from Zimbabwe for a few dollars each.
I give them out to my friends and family, and explain that they need to protect themselves against inflation. They get a real kick out of it and this opens their eyes to the fact that paper money is not backed by anything.
Zimbabwe’s annual inflation rate peaked at 489 billion percent in September 2008 and the Zimbabwe dollar became literally worthless.
Will America ever experience this type of inflation? I don’t think so… Our government has maintained steady price controls for over 30 years.
However, the U.S. could see inflation levels like we saw in the 1970s and we could easily experience 10% to 20% inflation rates or more…
Recently, America’s Federal Reserve has been easing, or decreasing interest rates, in an attempt to restart economic growth and get out of this recession. But, it’s the Fed’s main job to keep inflation in check. If inflation goes too high they will tighten, or increase interest rates in an attempt to head off future inflation.
We know inflation is coming due to massive federal spending—and next will come higher interest rates. Keep in mind that interest rates hit 18% in the 1970s, under similar circumstances.
High inflation and high interest rates both have negative consequences for the economy. The bad thing about high inflation is that it takes away your purchasing power. Then you have inflation’s evil side kick-higher interest rates, which slows down economic growth.
We are entering a tricky period and you need to be prepared. Invest in commodities and make sure to lock in that 30-year fixed rate mortgage at today’s low 5% rate.
Best Wishes,
Ted Peroulakis
Loading ...
The economic situation does not look as good to many as the current administration and Wall St. are trying to portray it. I have an article from one of the market letters I get that tells how the big money bankers planned and schemed to take over monetary control of the U.S. and the world . Seems that the seven richest bankers in the world took a train ride from NY to Georgia to go to a Jekyll Island mansion to do their planning and scheming. to create the Federal Reserve Bank. They put the “Fed” there to influence the voters to think that it was indeed a “Federal”owned institution, which it is not. On getting back to NY they influenced Congress to introduce “The Fed. Reserve Act”. Three of these seven who were well known as scoundrels in the financial market place for their manipulative doings went to work to get newspapers to publish their opinions of “being strongly against the proposed Fed. Reserve Act”. In those days there were only newspapers and people generally read the big Sunday editions which had all the political writeups. The public figured that if these three scoundrels were against The Federal Reserve Act that it should be voted in and so the scheming subterfuge of these three being against passage of that Act helped the act to get passed.
There is a lot one can look up on Google like the following reference below *, which I would recommend that EVERYONE who votes should read and understand both the Federal Reserve System and who is controlling it and our lives and the finances. Believe me, very few people I have known have ever taken an hour or two on the internet to look up what is perhaps the most important influence in our lives and the future of our kids and grandkids lives— who controls us! I remember my Dad being against the big banking interests, but even in college I did not fully understand why he felt that way. He claimed that the Wall Street big money people caused all the booms and busts.
The current recession certainly was legislated in to being by both the Republicans who controlled Congress in1999 and introduced the Gramm-Leach-Bliley Act and those Democrats who joined to help pass it. This Act repealed FDR’s 1933 Glass-Steagall Act and thereby gave total self-regulation (absolutely NO regulation) to the the banks, insurance companies and brokers in 1999, the very same situation that had existed prior to the crash of 1929
.Alan Greenspan was interviewed on TV about 5 or six weeks back and was asked where all the profit from the ‘derivatives’ had gone. He replied: “We had tried to figure that out about the time I retired from the Federal Reserve in 2006. We managed to trace some of the se sub-prime mortgage bundles which had made complete circles, being bought and sold several or more times in one year and often by the same institution as the market in them fluctuated. But it is impossible to trace where the profits made ended up because there was no requirement for these institutions to keep records”
The SELF-REGULATION provided by Congress in 1999 and signed intop law by Clinton allowed these greedy ________ (you put in your own word here) to rip off many $trillions in the values of the CDO and CDS derivatives under the “Self -Regulation” Congress and Clinton gave them in 1999. Everyone in Congress who voted for the G-L-B Act and Clinton should be held responsible for the rip-off of some $20Trillions in lost values in our 401IK and other investment plans.. My 66 year old niece could have retired last June. Now she has lost 50% of her retirement in her 401K . She now plans on working another 5 years in order to gain enough to retire on. But economies will dictate that employers will ask people to leave where older employees of retirement age can be replaced by younger people who can do the same job. Another retired niece told me she lost $80K and up to now has regained $10K in the current “Talked Up Market”– still a big loss to her and ?? how long it will take to recover?. Many have lost up to 70% and for many our age , we will not live to see full recovery, in my opinion. Obama has only talked reform of the “self-regulation” and he, like Congress is not talking about the second shoe about to drop , which is the huge share of the CDS (Collateralized Debt Swap) derivatives created and sold that need bailout to the tune of some $22Trillion as the U.S. share of the float in the world market. This amount is impossible to be bailed out by the Fed. Reserve. Certainly the current “recession/depression” profits were made and taken by the market people/institutions who were “in the know” and those profits are safely stowed away in Swiss bank or off shore accounts and like Alan Greenspan said–it is impossible to determine where that “profit money” went because no institution was required to keep records of transactions!!! Look up the above two Acts and see what they both did and you will agree with me that Congress/Clinton was setting up what has happened to our economy. Be sure and pull up the following .
* tp://www.the7thfire.com/new_world_order/final_warning/federal_reserve_act.htm
How come people like you have failed to inform your readers that this current meltdown has again been legislated or caused by the greedy big money people who are behind the Fed. Reserve ???? And all the vocal “magpie” squawking back and forth between the Dems. and the Repub. is nothing but a noisy charade to distract, mislead or obscure the real cause of this meltdown. We need to really “Federalize” the Fed. Reserve System and take the control of that institution away from the current private big money people who have somehow bamboozled or “bought” Congress into passing the Gramm-Leach-Bliley Act in 1999 to cause this legislated meltdown. It is easy to see why they and Clinton have done so. Clinton is a member of the Bilderbergers and most of the congress members are members of the Bilderberger controlled CFR.!!! All this needs to change.
Any dummy in Congress in 1999 would have known that repealing F.D. Roosevelts 1933 Glass-Steagall Act would thereby give back total “Self-Regulation” to the big banks, insurance companies and brokerages and would put the U.S. into the same pre-1929 situation that could cause another market crash and big recession/depression and hand huge profits to the big money schemers!!! (And it certainly has done that and it is far from over!!!) Enough said!!
Amazing,fiat money w/ a honest symbol on it!!!!
Three rocks in a pile are a trail sign for “DANGER AHEAD”
Good Scout