Prediction is Very Hard, Especially About the Future

Commentary by El Gallinazo.

I find it very unlikely that we would see hyperinflation (as opposed to, perhaps, CoL increases in the 10% annual range) before the the Ponzi collapses. The collapse of the Ponzi will be really caused by a freeze up of credit although the idiot media will focus on a plummeting DOW. It is against their religion to analyze with any honesty.

Right now we have several competing forces. The global money/credit supply is in an accelerating deflationary collapse which is most apparent in the Greek sovereign default as well as a collapsing shadow banking system including many hedge funds. The Central Banking Mafia is trying to stall the collapse and save the Too Big to Jails by loaning them money at no or almost no interest.

This allows them to mask their insolvency for a certain period of time. In their arrogance and desperation (admittedly cognitively dissonant), the TBTJ are doubling down on risk markets including commodities with their interest free money, which is the main reason that we are seeing CoL increases in many countries. I have seen a 15% increase in the price of my favorite cut of beef and type of cheese where I live in NW Mexico.

http://theautomaticearth.org/Finance/prediction-is-very-hard-especially-about-the-future.html

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"A lot of people are still buying the Kool-Aide that they are un- or under- employed because they are under-educated, so it's time to double down with another $100k in the hole. Since reportedly more than 50% of Usacos think that Africa is a country as opposed to a continent, maybe this is a good thing. But if Penn State is any example, marinating your brain in ethanol may be counterproductive." .....