Some of our readers had notified us that Robert Prechter had officially "flipped" his forecast on Gold .
We at bhc investment were right to have pointed it out outright that deflationists such as Prechter, Neely, Roubini, etc were wrong before it became a common knowledge, while the mainstream economists and so-called "experts" were still scratching their heads on what actually caused the credit crisis. Believe it or not, they still haven't really got it all figured out, hence all those garbage talks of recovery. What the Fed had done so far was simply moving the losses which should have been absorbed by the capitalists who made bad investments and took on irresponsible, huge leveraged bets to the public account -- using money that will be confiscated from you and me in the years to come through the hidden forces of inflation.
Well, I am not smart enough to tell you how is this going to end yet. But I do know what's going to take to get us all out of this recession. The answer is quite simply: Inflation -- meaning, Inflation will have to be pushed back up in order for the U.S. to prevent a severe depression. The U.S. is now in an inflationary trap!
-- bhc investment, 16 September 2008
This marks the end of this thread
- Boon vs Robert Prechter
- Boon vs Robert Prechter, Part II
- Boon vs Robert Prechter, Part III
- Boon vs Robert Prechter, Part IV
- Boon vs Robert Prechter, Part V
- Boon vs Robert Prechter, Part VI
- Boon vs Robert Prechter, Part VII
- Gold: Revisited
- Quick Update
- bhc on Inflation
- bhc on Inflation, Part II
- Global Wealth Destruction as Gold Rises, Part III
- Keynes: Hidden Forces of Destruction