Hyperinflation, Weimar Republic, Martial Law, Peter Schiff Touches On It All

Great discussion with Peter Schiff on the Glenn Beck Show.   Peter touches on Inflation, Martial Law and the Weimar Republic.

My Dream About Inflation & Warren Buffett On The Bailout

Last night I woke up from a dream where I was paying $10 a gallon for gasoline. I remember vividly watching the total on the gas pump reach $180 before it clicked off indicating that my gas tank was now full. I walked inside the gas station and added a pack of gum to my bill for $9 and also picked up a 20 oz. bottle of water for an additional $7. My grand total for the gas stop $196. Without a wince at the price I pulled out of my wallet a single $500 green American bill with Ronald Reagans face on the front. As I collected my change my eyes focused on the calender on the wall behind the cashier. The date was August 5th 2010.

The Unknown Twist About The FDIC

It seems that everyone is concered about their bank accounts these days. People ask me all the time what if my bank fails, will I get my money? The answer is yes the FDIC will insure your deposits up to $100k…but there is a twist.

Government Plans A Financial Resolution

My prediction on the limited amount of information available is that whatever the government comes up with be highly inflationary. Government tends to have this theory that money will solve everything so if they keep throwing money at this problem it will just go away. Sorry folks it won’t. Unless Paulson and Bernanke can pull some kind of rabbit out of their hats there is nothing else to do but wait for the market to crash. The fact that the market rallied September 18th is proof that the market is looking for any possible excuse to stop the market from falling. I even expect the market to rally on September 19th. Nobody wants to face the fact that a great depression is just around the corner. US economy is like a drowning man these most recent rallies are like his last breaths before sliding beneath the surface of the water forever.

“We’re coming together to work for an expeditious solution which is aimed right at the heart of this problem,” Paulson said.

Six months ago he said that the credit crisis was contained. Oh how things change.

On the plus side if you can buy rental property you can still make a fortune yes even during the coming depression.  People will need a place to stay and not everyone is going to be homeless.  Seriously Forget The Stock Market!!  Buy Up Rental Property!!!!  Forget Appreciation!!! Think Wealth Preservation!!! Think Cashflow!! For Crying Out Loud Just Think!!!!

You Can Read The Whole Article Here.

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– Justin of Vizionkc

Why Did Bank of America Buy Merrill Lynch?

Great Interview on Gleck Beck with Peter Schiff. Discussion includes why the dollar will fall and an interesting theory on why Bank of America bought out Merrill Lynch.