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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." .....
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Prediction is Very Hard, Especially About the Future (Original Post)
MindMover
Mar 2012
OP
lumberjack_jeff
(33,224 posts)1. I find it easier to predict the past. n/t
The Magistrate
(95,264 posts)2. Even That, Sir, Can Lead To Uncomfortable Surprises....
"It ain't what ya don't know, it's what ya know that ain't so, gets you every time."
lumberjack_jeff
(33,224 posts)3. Well at least the future won't prove me wrong.
I can be wrong in real time.
At least I don't have apprehension.
MindMover
(5,016 posts)4. ............
longship
(40,416 posts)5. Yogi Berra, a brilliant prognosticator
Good post.
But I'll drink to the Yogi Berra quote in your title.
malthaussen
(17,235 posts)6. "And while the future's there for anyone to change, still...
... you know, it seems it would be easier sometimes to change the past."
(Jackson Browne)
-- Mal