Posts Tagged ‘hyperinflation’

News and views from around the web posted to the Wonderland Wire:

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Tuesday, gold hit $1,199.30/oz. as Japan moves toward metals, away from being a tit of the U.S. The record high of gold’s value displays the record low of the U.S. dollar.

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On ABC’s “This Week with George Stephanopolous”, George Will of The Washington Post points to India’s recent run on the dollar as an indicator for a coming fall in the subjective greenback in favor of “other better stores of value”. Veteran White House correspondent for ABC, Sam Donaldson, says if that’s the case, “then, we’d better throw Ben Bernanke and the Fed out… Let’s get rid of them now before they do further damage.” (2:13):

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India’s run on the U.S. dollar to buy 200 tonnes of gold from the 403.3 set to be sold by the International Monetary Fund set the precious metal to an all-time high value of $1,081+, meaning the  inflated dollar has crashed to an all-time low as the U.N. reports a drop in U.S. wages.

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Gerald Celente and Webster Tarpley on the new powers granted to the Federal Reserve and the cult of personality making it easy for banksters to use him as their puppet…. and they are. (more…)

Brazil, India, and China meet in Russia as the four contries begin talks to break away from dollar hegemony — an ambition strongly pursued by Russia lately. (more…)

Gerald Celente on The Lew Rockwell Show. (more…)

So-called libertarians enter bizzaro world while the Mises Institute is anti-Fed headquarters. Jeff Tucker shares real libertarian anaysis of Bush-Greenspan fascism. (more…)

Stefan Moyneux, host of Freedomain Radio, on the current economic crisis and the change we need for a real, reasonable, ethical, viable solution. (more…)

China is concerned with the depreciation of the dollar, due to US money creation out of control. (more…)

Esteemed Swiss investment analyst and philanthropist Marc Faber on the ‘Zimbabwean’ economic model of the US. (more…)

Stefan Molyneux, host of Freedomain Radio, comprehensively analyzes the US economic crisis at the macro levels of the government to the ‘micro’ levels that really matter — you and I at the ‘kitchen table’ — as of Sept. ’08. Part One is the meat and potatoes of it all. Part Two is the extremely comprehensive analysis of the national debt for everyone to embrace. (more…)

Anarcho-capitalist President of the Mises Institute Lew Rockwell on the far-sighted “intellectual clarity” necessary to understand the current economic crisis. (more…)

The NYT reports that the Federal [sic] Reserve wants a stimulus package to pass so your food, energy, and shelter costs get so high that you have to take out loans from them at interest. (more…)

A State with nothing to spend can’t spend to stimulate the economy, no matter what the Third Way fascists say. (more…)