Fed, bear in mind: Salaries and consumer budget plans are harming Wal-Mart'' s earning forecasts.
Economy
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Equating No Hedge: Your Wages Will Be Halve.
Posted on January 19, 2012 by horse237.
The other day Zero Hedge ran a story that most individuals will never see or truly understand. Absolutely no Hedge reported that the Russians have sold off half of their US Treasury bonds over the previous year. China has actually been discarding their dollar holdings too but still have more than a trillion dollars left. Other foreigners have been dumping their dollars too. The present United States inflation rate is 12 %. Ben Bernanke has been developing trillions of dollars to bail out banks in Europe, to purchase worthless securities from US banks and to money the US debt. That will speed up inflation. Inflation will certainly go from 12 % to 15 % and then 20 % in less than a year. The media will certainly no longer have the ability to duplicate the lie that the inflation rate is just 3 1/2 %. Inflation will certainly become a concern in the 2012 races for congress, Senate and the presidency.
Accelerating inflation will certainly require individuals overseas to discard any dollars they receive for selling Americans food, clothes, electronics, vehicles, oil and other raw products as quickly the deal is finished. This phenomenon is called a boost in the velocity of money. It is an indicator your economy is transitioning from an inconveniently high rate of inflation to devaluation. The United States dollar is a worldwide reserve currency which suggests that if Switzerland wishes to buy food from Bolivia they will likely have to use US dollars to make that transaction. In colonial America the colonists needed to make British pounds or gold to buy something from abroad. Michael Hudson in his book Super Imperialism described how the US was funding its wars by inflating the supply of currency used to settle trade. Since WW II we have actually been getting genuine items like vehicles and clothes from foreigners in exchange for significantly worthless paper. When Hudson described this to the Pentagon, a general said, “Wow. We are ripping individuals off.”.
I would specify run-away inflation as beginning at 25 % for an international reserve currency like the dollar. That is why when inflation rose in the latter part of the Carter presidency (1979-1980) Chairman of the Federal Reserve Paul Volcker raised interest rates. Home home mortgages went to 15 1/2 %. Ben Bernanke can not raise rate of interest today. His only alternative would be to cheapen the dollar which is what he said he would perform in that now infamous speech he made in Washington DC on 11-21-2002.
That indicates after the 2012 elections the Russians, the Chinese, Iran, Venezuela plus their clients states and a couple of other countries can and will compel a devaluation of the dollar by contradicting Federal Reserve Notes in international trade. If Americans balk, China just has to dump a hundred billion dollars and buy products driving the cost of food from the reach of WalMart consumers. Of course I understand the Chinese will certainly simply be doing what the lenders desire them to do.
A global conference will certainly be held at which the dollar will certainly be devalued by about 40 % as forecasted by Bernanke. This will certainly finish that 50 % pay cut I have been forecasting.
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