Menu Close

Gold & Silver Guy Makes His Case & A Rebuttal

Gold & Silver Guy Makes His Case & A Rebuttal

$10 Oil Follow Up – The case for Short Term Deflation

Maloney: “MBS are the big problem for the financial sector. MBS only speed up the global transmission of problems through the banking sector. It’s the zero-down loan that threatens to suck the world economy into a black hole.

In the end, I think we’re in for a wild roller coaster ride, with a few whipsaws thrown in. First the threat of deflation, followed by a helicopter drop, followed by big inflation, followed by real deflation, and then followed by hyperinflation.”

Worth looking at his presentation, taking you through some very interesting charts

http://www.youtube.com/watch?feature=player_embedded&v=QkSJxVTgles

Automatic Earth Rebuttal: Some agreement, some not so in agreement:

“Stoneleigh and I can’t see how the price of gold -and silver- can hold up, let alone go up (as Maloney thinks), if and when the very rounds of never-before-seen deleveraging and deflation Mike predicts come to pass. We think that it will force a huge amount of people who hold gold, to sell it into a buyers market. And those left standing afterwards will not be numerous enough to hold up the price either. It’s not that gold can’t reach $20,000, but that it can’t do so in today’s dollars.”

http://theautomaticearth.blogspot.com/2011/04/april-15-2011-our-prosperity-is-
owed.html

BTW: Chris Whalen quote: “Outgoing BAC CFO just made an explicit connection between mortgage banking expenses and HPI (Housing Price Index)”.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RSS
Follow by Email
LinkedIn
Share