Why It’s Going To Be A Whole Lot Worse Than In The 1930s…”people do not understand the scale of the emergency that’s going on right now.”
by Tyler Durden
ZeroHedge.com
12/01/2013
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.”
The Rest…HERE
