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« The Precious Metals Month of May | Main | Special Income Report: Yields Of Over 40% Anyone? »
Monday
Jun012009

Hyperinflation to come – Peter Schiff and Marc Faber

Hyperinflation
Marc Faber reckons it is now 100% guaranteed that we will have hyperinflation . Peter Schiff believes that we will have hyperinflation which will be must worse than that experienced in the 1970s unless we change course right now as quantitative easing is inflation.

Marc Faber reckons it is now 100% guaranteed that we will have hyperinflation as in his opinion Tim Geithner and Ben Bernanke have never worked in the private sector and do not know what a balance sheet is!

Peter Schiff is very anti bailouts and says that we should allow the recession to happen before we drive the economy into a depression.

If you have 6 minutes to spare please watch this clip to see what they both had to say on the subject, just click here.


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Reader Comments (3)

I wonder about the ECB and other governemnts saying Inflation is at near Zero, they should go to the supermarket, or pay phone, electric, water, etc they are going up way more than 5%. I suppose that they cannot admit inflation because they would then have to augment all those indexed pensions the Europeans love so much

June 1, 2009 | Unregistered CommenterJohn Shipp

For a great look at inflation over the course of history, Richard Maybury's " Whatever happened to Penny Candy" is an outstanding read. At just under 100 pages with most chapters at 5 pages or less and written to be easy to read by adults or teens, it is a delightful read. Ask at your public Library. My favorite part is "Tanstaafl, the Romans and Us". Rome of 2000 years ago didn't have paper money to inflate, but they came up with ways to achieve the same effect and for almost the same reasons the USA is doing it today. In fact, "Tanstaafl, the Romans and Us" would be a fantastic reprint to run in gold-prices.biz.

June 1, 2009 | Unregistered CommenterBC

BC, I've heard some good reports on R Maybury's book "Whatever happened to Penny Candy" and intend to get myself a copy. Seems it's full of common sense and I've always enjoyed condemplating how we tend to repeat the mistakes of the past.Rgs IS

June 6, 2009 | Unregistered Commenteries

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