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Page added on December 2, 2013

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Why It’s Going To Be A Whole Lot Worse Than In The 1930s

As Mike Maloney forecast in the mid-2000s, the roller-coaster ride continues in world markets and economies. His – so far – spot on projection that “first the threat of deflation (1), followed by a helicopter drop (2), followed by big reflation (3), followed by a real deflation (4), and then followed by hyperinflation (5),” appears to be rotating from stage 3 to stage 4 (as we noted here). However, as Maloney explains in this brief clip, while we have seen great deflations before, in the ’30s one-third of the monetary base was backed by gold, now we virtually nothing as “people do not understand the scale of the emergency that’s going on right now.”

 



7 Comments on "Why It’s Going To Be A Whole Lot Worse Than In The 1930s"

  1. rollin on Mon, 2nd Dec 2013 3:27 am 

    So what happens when the government forces people to turn in their gold?

  2. Stephen on Mon, 2nd Dec 2013 7:44 am 

    I think if the stores become empty, that will be even worse which may happen due to oil depletion. As to printing money, I heard the USA isn’t the only country that had to do this during the financial crisis. Part of the reason we have to print more money was due to the financial mortgage fraud.

  3. RICHARD RALPH ROEHL on Mon, 2nd Dec 2013 8:00 am 

    Everything you buy becomes a lie if the currency is a lie. And the Federal Zionist Reserve Bank is one of Amerika’s most pernicious lies.

  4. Stilgar on Mon, 2nd Dec 2013 8:12 am 

    Wow, there are so many different people now warning of this impending economic calamity. I think the more people become certain the Fed cannot taper, and instead are stuck in a position of having to QE, the more the fear will build towards panic. There’s always that point where the disconnected conversations build until they hit the airwaves and most people get it, and I wonder if we are not far from that happening.

    The only way to avert complete and utter disaster in my opinion is to have a debt jubilee in which all debts are retired, and start fresh with a single world currency with gold backing. Of course people will only get pennies on the dollar from their bank accounts in the transition, but I also do not think the govt. will take people’s gold. Instead it will be exchanged at the banks for the new currency, probably at a favorable rate. The new currency will have water marks from all G8 countries. This would mean no more petro dollars backing US currency. But also no longer would there be a currency war, with all imports/exports on an even playing field.

    The alternative to hitting the reset button, is more fiscal follies around the world leading to riots and probably a world war. I’d really like to think the G8 have a contingency plan in the event things spin out of control.

  5. J-Gav on Mon, 2nd Dec 2013 10:42 am 

    Welcome to Casino Capitalism, where anything goes till everything’s gone.

    What’s a helicopter to do? Stop dropping and crash the stock market or continue to debase the currency until dollar-denominated securities become worthless?

  6. mo on Mon, 2nd Dec 2013 12:52 pm 

    I hate this rehashing of things we already know and than at the end, the pitch for the website. The only one who prospers here Is this guy Malony.

  7. george on Mon, 2nd Dec 2013 6:21 pm 

    ” this suckah is goin’ down “

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