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"bankruptcy 1995" revisited

“Bankruptcy 1995” Revisited

By James Turk | Market Commentaries | 0 comment | 15 March, 2018

In 1992 a book entitled “Bankruptcy 1995: The Coming Collapse of America and How to Stop It” hit the nation by storm. Written by Harry Figgie, a prominent businessman who had built a Fortune 500 company, and Gerald Swanson, an economics professor with expertise in public finance, it forecast that the US federal government wouldRead more

Hyperinflation Watch

By James Turk | Market Commentaries | Comments are Closed | 19 December, 2011

In the first two months of the current fiscal year that began on October 1st, the US national debt has grown $320 billion. That is $21 billion more than the same 2-month period last year, which illustrates that the growth of the national debt continues to accelerate.

Hyperinflation Watch

By James Turk | Market Commentaries | Comments are Closed | 15 January, 2011

The rise in commodity prices over the past several months has been unrelenting. Equally unrelenting has been the stream of central bank apologists aiming to re-direct the blame for soaring prices to almost everything imaginable except the real cause, which of course is unrestrained money printing.

Hyperinflation Watch

By James Turk | Market Commentaries | Comments are Closed | 13 December, 2010

So despite the fact the Fed will be purchasing $600 billion of US government debt instruments, T-bond and T-note yields are climbing, a clear sign that investors are rushing to sell their US government paper. Why? Because they know the purchasing power of the dollar is being debased by QE, and more importantly, will continue being debased.

Hyperinflation Watch

By James Turk | Market Commentaries | 0 comment | 15 September, 2010

Inflation is coming back. In fact, it never really left, although there was a brief moment after the Lehman Brothers collapse when it appeared that the dollar would slip into a deflationary collapse. But after peering over the precipice, Bernanke and his central bank cohorts around the world did not like what they saw. So pump they did, and the dollar and other national currencies have been losing purchasing power ever since. But the loss of purchasing power is about to gain momentum.

Hyperinflation Watch

By James Turk | Market Commentaries | Comments are Closed | 15 June, 2010

Hyperinflation results when a country’s central bank turns government debt into more currency than is demanded in economic activity. It is unfortunately impossible to measure precisely the demand for currency. Nevertheless, the rate at which the government is borrowing can be used as a general guideline to determine if too much currency is being created.

Hyperinflation Watch

By James Turk | Market Commentaries | Comments are Closed | 24 February, 2010

The US Treasury has taken another step on the road leading to hyperinflation. It announced that it will borrow $200 billion and leave this money on deposit with the Federal Reserve. The announcement was made with bald disinformation aimed at camouflaging the true impact of this step.

Hyperinflation Watch

By James Turk | Market Commentaries | Comments are Closed | 14 January, 2010

If the US government cannot attract enough savings to meet its borrowing needs, it has to ‘print’ the dollars it wants to spend, which is of course what quantitative easing is all about. But this printing comes with a cost, just like every episode of government currency creation throughout history. It is the cost of inflation, and eventually, hyperinflation.

Hyperinflation Watch

By James Turk | Market Commentaries | Comments are Closed | 23 December, 2009

The government spends more money than it is receiving in taxes, which forces it to borrow. As these deficits grow, they eventually exceed the market’s capacity or willingness to lend money to the government.

The dollar is headed for hyperinflation

By James Turk | Market Commentaries | 0 comment | 29 June, 2009

The dollar is headed for hyperinflation. The dollar is headed for the fiat currency graveyard. Do not lose sight of this important point. Do not believe the propaganda of government officialdom that they know what they are doing and will take care of your best interests. The fact is, they don’t know what they are doing, and they are not looking after your interests.

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FGMR My objective is to share with you my views on gold, which in recent decades has become one of the world’s most misunderstood asset classes. This low level of knowledge about gold creates a wonderful opportunity and competitive edge to everyone who truly understands gold and money.

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