The Elevation Group: When Hyperinflation is Upon Us - How will you Profit?

Dec. 30, 2010 - PRLog -- Both James Turk of GoldMoney.com and John Williams of ShadowStats.com, see hyperinflation looming by the end of 2011…

12/21 James Turk:
With gold and silver consolidating recent gains, King World News interviewed James Turk out of Spain. When asked about the action in both gold and silver Turk stated,

“Rising interest rates along with the surge in commodity prices that we have been seeing in the back half of this year is writing on the wall that hyperinflation is very near.  If anyone needs further proof just look at what QE2 is already doing.  The Fed is turning government debt that the market doesn’t want into currency which is the cause of all hyperinflation.”

12/11 John Williams: (Original Source)

One of the primary concerns for people who know a major collapse is coming is how to identify it when it is happening. What are the signs?

“Sign number one is what governments do before a hyperinflationary collapse. If history is any guide, then the monetary actions of our Federal Reserve are a clear indicator. As Jon Stewart humorously pointed out recently, the Fed is “imagineering” money out of thin air.

This means more money in our overall money supply chasing fewer goods, which inevitably leads to higher prices. We’re seeing this the world over in commodity prices, as well as other assets.

One of the big complaints coming out of China is that the policies of the Federal Reserve are leading to the US exporting inflation to China, as evidenced by significant increases in their own domestic stock market prices and real estate values.

The Chinese are already taking steps to curb this inflationary bubble in the making.

Another sign of coming fiscal problems, which ultimately leads to more monetary quantitative easing policies is the continued uncontrolled spending of Federal, State and local governments. As they waste more money, more needs to be printed to “monetize” the debt that no one else wants to buy.

When creditors start off-loading US Treasuries and stop buying new debt issues, the game is over. John Williams confirms this view and provides some more insights as to what you should be looking for as telltale signs that hyperinflation is upon us:

Mr. Williams’ forecast in this regard falls in line with those made by Gonzalo Lira in Hyperinflation Tipping Point By Early 2012, an insightful article that provides some more technical and economic signs to look for. Both forecasts suggest that 2011 will see the beginning of our hyperinflationary spiral.

The Good News…

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