June 27, 2011
– Comments (6)
Yep. Means something... the Masses are getting it?
Read it here:
If Linsay says it's a problem, then it must be true. Why bother looking at recent inflation data or anything real. Let's takes Linsay's word for it and panic. Ah!!!!!!!
After that, I think I'll do some light shoplifting.
Odd medium, but good website: www.inflation.us
Here's an example: http://inflation.us/bernankeprintingmoney.html
Yes, I am in the contrarian camp.
We will get inflation, not hyper-inflation, unless there is a severe epedmic, attack or the FED is removed from power.
Remember the FED employees are retiring with a dollar based pension, the destruction of dollar is the destruction or their power and pension. The FED sucide is not likely, IMO.
Right: I think the Fed is sophisticated enough to avoid hyperinflation, just not sophisticated enough to avoid stagflation more severe than that of the 1970's.
Faramir - NIA and Pete Schiff got into a dust-up a little while ago, after he accused them of pump-and-dumping.
Let me retract my support for inflation.us
My support was based on reading their website: they seem to have the right idea regarding inflation, theoretically. They seemed like fellow travellers. While I don't have direct knowledge that they are bad actors, Peter Schiff apparently does, or at least is questioning their actions publicly.
I don't care if you share my economic, religious, and political worldviews, went to my high school, and like puppies. If you defraud people, I won't defend you. Being "in my camp" won't help you.
Schiff's specific accusation was along these lines. NIA has two email lists, A and B, say. A costs $1000 to get on, B is free. Micro-cap X is touted on A, then a couple weeks later on B, then A is told when to sell, B is never told. It looks shady to me, too, when put that way, but again, I have no direct knowledge. That's simply my summary of Schiff's accusation.
I'm just done supporting them. No more or less at this time.