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Originally Posted by The Demon
You haven't made any points. You made an outrageous claim without backing it up. Shall I provide you the historical charts of gold and silver from 2008 compared to now? Next thing you're going to do is lecture me about inflation regarding precious metals. Aka LOL
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No, that won't be necessary. I started in investment banking in 1985. I held my series 3, 7, 24 and 27, and I owned and was a financial operations principal of an NASD broker dealer. I also owned a commodities firm prior to co-founding WTS in 1997.
I made the point that deflation is at play, not hyperinflation. I supported that point by showing that the CRB has collapsed in conjunction with other asset classes. And, that since the original post in this thread, the US dollar has rallied substantially.
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The doomsday scenario predicted by Schiff and Paul is inevitable. It's the government intervention that's delaying it and making it worse when it does happen. Everything that has happened, Schiff had predicted in 2008 and was ridiculed. I'm not sure you understand the concept of dollar demise. It's lost 96% of its value, and Bernanke is desperately trying to hold inflation at bay without raising rates. However, he WILL have to raise interest rates within the next year which will increase inflation. I'm not sure where the deflation theorists are coming from because that is NOT what's going to happen, unless someone can give me a viable scenario. However, both sides of the spectrum both agree that the market WILL crash, which is why I'm short and have been for a while although I've taken some losses. I have some investments in a few triple leveraged etfs that will make a fortune if we should retest the March lows(6000), which I'm confident we will.
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Oh, I understand it perfectly well. In fact, I made this post:
https://gfy.com/16365437-post79.html
Here is the pertinent part in case you missed it: "A reduction in the aggregate value of dollar-denominated debt is deflation, which is what we have going on now. At some point, the value of credit will contract to where it can be sustained by new production. When this happens, your scenario will be real."
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Finally, hyperinflation is what us "doom and gloom" theorists think is going to be the end game, and it's slowly manifesting itself. I believe pretty soon, the US dollar will cease to be the reserve currency. That will cause billions of treasury securities to come back and flood America, and there's the end game.
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It could happen. I'm not saying it won't happen. See above
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The only "losses" I've taken was predicting we'd be under 10,000 in December, so I was about 2 months off. Right now it's rallying a day at a time but it's finally going downhill.
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I made no comment about you having any losses, so don't get your panties in a twist. I was pointing out, in a general sense, backed by supporting data, the threat we are currently facing which is Deflation.