USA GOLD CREDIT CARD : BEST GOLD SHARES.
Debunking the Hyperinflation of Peter Schiff and the Gold Bugs: A Guide for Investors
The author offers an in depth look at the predictions of the gold bugs that the US dollar is headed for catastrophic collapse. While Peter Schiff and other gold bugs have described at length their visions of an apocalyptic future certain to befall the US dollar, and their investment advice to prepare, they have offered little convincing detail to support their position that massive, money-supply triggered inflation is surely coming.86% (17)
The author forgoes the usual macroeconomic theories, graphs and charts to examine and debunk this hyperinflation myth. He instead employs a sound conceptual understanding and common sense in exploring the viewpoints of dollar-holding global actors. The author s revealing research points to rampant inflation as being exceedingly unlikely as a result of either the economic and financial problems facing the United States or the astronomical government stimulus. Regardless of the ultimate severity of economic downturn, any US dollar decline has only the remotest chance of reaching a magnitude approaching hyperinflation.
Demonstrated in detail in this book are why several key underpinnings of the gold bugs theory of mass destruction of the US economy are only myths. The author specifically debunks the notions that: (1) a largely consumer-driven economy must be tenuous; (2) a large dollar decline would turn into free fall rather than meet resistance; (3) money supply increases must eventually create corresponding price inflation; and (4) an exporting base is somehow required for American prosperity, among others.
Table of Contents:
1 The Schiff View and the Gold Bugs
2 Economic Value and Economic Activity
3 The 'Consumption is Waste' Myth
4 Why a Dollar Plunge Would Self-Correct
5 Inflation by Way of the Money Supply
6 Other Inflation: Producer Costs and Creeping Inflation
7 Fiat Currency, Backing and Faith
8 Mitigating Factors in the Astronomical Government Borrowing
9 Do Borders Even Matter?
10 The Folly of Forecasts and the Great Lumping
Richard Moheban says: "A few years from now [July 2009], Peter Schiff, John Williams, Marc Faber, James Turk and other adamant 'hyperinflationists' will be scratching their heads wondering what went wrong with their certain prediction of runaway inflation. The truth is that there will be no extreme price inflation in the United States. The dollar will suffer no catastrophic fall. Those pundits who insist that the dollar is doomed (due to the massive creation of money by the Fed) fail to grasp the true relationship between the money supply and price levels. My book takes a unique view in exploring the conditions in which money creation does cause higher prices. Fortunately, those conditions do not exist in the US economy."
Can you tell me where my country lies?
Can you tell me where my country lies? Said the unifaun to his true love's eyes. It lies with me! cried the Queen of Maybe - for her merchandise, he traded in his prize. Paper late! cried a voice in the crowd. Old man dies! the note he left was signed old father Thames - it seems hes drowned; Selling England by the pound. Citizens of hope & glory, Time goes by - its the time of your life. Easy now, sit you down. Chewing through your Wimpy dreams, They eat without a sound; Digesting England by the pound. Young man says you are what you eat - eat well. Old man says you are what you wear - wear well. You know what you are, you dont give a damn; Bursting your belt that is your homemade sham. The captain leads his dance right on through the night - join the dance... Follow on! till the grail sun sets in the mould. Follow on! till the gold is cold. Dancing out with the moonlit knight, Knights of the Green Shield stamp and shout. Theres a fat old lady outside the saloon; Laying out the credit cards she plays fortune. The deck is uneven right from the start; And all of their hands are playing apart. The captain leads his dance right on through the night - join the dance... Follow on! a round table-talking down we go. Youre the show! Off we go with - you play the hobby-horse, I'll play the fool. Well tease the bull Ringing round & loud, loud & round. Follow on! with a twist of the world we go. Follow on! till the gold is cold. Dancing out with the moonlit knight, Knights of the Green Shield stamp and shout.Gold ATM
Shoppers pass by a Gold To Go machine, an ATM type machine that dispenses shiny 24-carat gold bars and coins, Friday, Dec. 17, 2010 in Boca Raton, Fla. The gold-leaf-covered machine at Boca Raton's Town Center Mall sits outside a gourmet chocolate store and works just like the two cash ATMs near it. Shoppers insert cash or credit cards and use a computer touch-screen to choose the weight and style they want. The machine spits out the gold in a classy black box with a tamper-proof seal. (AP PhotoWilfredo Lee)
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