Mike Maloney of GoldSilver.com and WealthCycles.com lectures the annual Russian bankster conference on deflation and hyperinflation. The two part video has an addendum video below.
Part one discusses the currency supply. Borrowed into existence, it is a promise of future tax as every dollar must be repaid with interest. He also warns that 2008 was a "speed bump" and as pointed out in The stock market - death of 1000 cuts, all stock markets trade together. The worst is yet to come.
In part two Mike discusses how the currency supply is collapsing for the first time since the Great Depression. Mike discusses how the stock market is over-priced and due for the largest correction (drop/crash) in history. He also explains how the monetary standard changes every forty years.
In a video addendum, Mike explains how the bailouts were "borrowing prosperity from the future" and more fun with charts showing manipulation by the Fed. Commercial and industrial loans (@14:34) contracted by 25% in 2010.
For those who haven't seen it here's Mike's other video Mike Maloney – Debt collapse and $20,000 an ounce gold, a must view!
QE2 happened instead and oil went from $80 on your dead cat bounce, S-H-S, to $112 by Spring '11. Backed off $100 now in 2012. I don't invest in oil, but geez, how do you justify missing a 30% climb?
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