The Approaching End Game & How To Benefit From It
February 3, 2013
Today 40-year veteran, Robert Fitzwilson, wrote the following piece exclusively for King World News. Fitzwilson, who is founder of The Portola Group, warns, “A call went out this week for printing $30 trillion! Why stop there? We have over $200 trillion of unfunded obligations, and the pile grows every year with unending deficits. They won’t stop. They can’t stop.” Below is Fitzwilson’s piece which discusses the approaching end game, and how to benefit from it.
Below is Fitzwilson’s exclusive piece for KWN:
“Proponents of the view that we are in no danger of inflation, let alone hyperinflation, frequently point to the chart below. We believe that the chart is reflecting economic desperation, not proof that we should be unconcerned about inflation.
From a practical standpoint, our view of the velocity of money is the value of goods and services recorded in a time period divided by the money in the system. There are various velocities of money that can be calculated depending upon the measure of money being used so it is a bit of a hazy concept from which to begin.
The first point is that many of the economic indicators upon which we have relied for the past century are rooted in the idea that we have reliable data….