Currency Induced Cost Push Inflation is with us now. This is the foundation of hyperinflation. There is no longer any PRACTICAL solution. Hang on because here we go!
Jim Sinclair’s Commentary

Watch and learn...

http://www.youtube.com/watch?v=aMp22y9OUHA&feature=player_embedded

A Must Read from Jim Sinclair...

Dear Friends,

The train wreck of Western finance is no longer the slow train wreck you witnessed watching Freddie and Fanny come apart. It is therapeutic, as Dean Harry Schultz instructs us, to travel enough so you can look back at your Motherland and see things clearly.

It is my belief that the relative lack of success in the recent attack on the euro - at least compared to the earlier effort - could well presage the inevitable attack against another monetary union currency, the United States dollar.

Market commentary here in Dubai by so-called experts universally proclaims a sudden concern that the US is mishandling its debt. All of this has been explained to you before in the context of down cycles which at some point move to a zero equilibrium - baring some enlightened intervention which is highly unlikely.  

Intervention between 2008 and 2010 missed by a country mile but somehow managed to enrich the dastardly "banksters" who created this mess in the first place. The cause of what is now semantically presented as the "Great Recession" is no more than demons dancing on the head of a pin. The cause of all this mess is singular and so large that it defies conceptualization.

The cause of the Great Recession is the damned OTC derivative manufacturers and distributors. It is called a "real estate collapse" but again this is a semantic message for the OTC Derivative Securitized Mortgage Debt debacle.

The OTC derivative market has continued to grow, with Credit Default Swaps, another fraud, having a snowball in hell's chance of functioning when the spectre of  default again threatens Western finance.

As soon as the sharks finish their feeding frenzy on the euro, the dollar will come up next in their crosshairs. It looks to me as if the minor euro nations do not offer large enough opportunities for the destroyers of wealth that Greece did.

Mark my words when I say that gold will reach for the stratosphere, trading at $1,650 and above sooner than many people think.

Being in gold and avoiding the US dollar no longer just constitutes a trading situation but a financial survival exercise.

Stay the course and win. Vacillate and you join the sheeplez.

Respectfully,

Jim Sinclair

This is what Currency Induced Cost Push Inflation looks like...
What do you think it will do to the price of your food?
or a better question...What do you think will happen, when people can't afford to buy food?

Bloomberg's "Chart Of The Day" Warns Of Coming Surge In Wheat, Corn Prices

Now that the Chairman's new mandate is not to prevent disinflation but to generate inflation, he may soon be patting himself on the back... but for all the wrong reasons. As the Bloomberg chart of the day indicates, the world may very soon see a surge in wheat and corn prices, pushing such staples as bread and corn flakes through the roof. The reason, in addition to Bernanke's flawed monetary policy: "bad weather and a shortage of farmland threaten to create supply shock waves." As the chart below shows the price of a basket of grains and palm oil has risen almost 50 percent since the 50-day moving average passed through the 100-day line. On the two previous times this occurred the past decade, prices about doubled or tripled over the following two years before peaking. In other words, if history is any indicator, we may see a quadrupling of input prices from here as the last "food inflation" bubble is recreated. Are double digit prices for a loaf of bread in the immediate future for what will soon be a hungry US middle (what's left of it), and not-so middle class? Quite possibly. Luckily, all their stock gains should more than offset this upcoming price shock. Or not.

And then this will happen more and more frequently...

Great Atlantic And Pacific Supermarket Chain Files Chapter 11, Cites Excess Leverage And Margin Pressures Among Bankruptcy Causes

Don't Be Fooled: Inflation Has The Upper Hand
By: Chris Martenson

 

 

 

Bespoke Finds S&P 500 Most Overbought Since November 2009

 

 

And here's why, most people don't understand this...

In the News

Posted: Dec 12 2010     By: Yra Harris      Post Edited: December 12, 2010 at 11:53 pm
Filed under: In The News

Dear Jim, Dan & Fellow CIGAs

Subject: One Major Reason Why Americans are So Clueless

If you have ever wondered why the American people are so clueless… the following information may give you a glimpse into one of the reasons.
I am including a link to a comprehensive on-line copy of a book written by Charlotte Iserbyt who had served as the Senior Policy Advisor in the Office of Educational Research and Improvement, U.S. Department of Education during Ronald Reagan’s first term. 

The book’s title is The Deliberate Dumbing Down of America.    http://www.deliberatedumbingdown.com/MomsPDFs/DDDoA.sml.pdf

Iserbyt was interviewed on the radio last week (links below).  During the interview, the last 600 or so copies of her out of print book were offered. They were all sold within a few hours.  I know because I tried to get a few copies and couldn’t. I say this to give you an idea of how compelling the information she provided was. Once you hear this interview, it all begins to make sense.

Here are the links to the interview (the first 2 segments are about 15 minutes, the 3rd is about 11 minutes) :

Segment 1: http://www.youtube.com/watch?v=amOQOG3o9DA

Segment 2: http://www.youtube.com/watch?v=-a7E8bqaIxA

Segment 3: http://www.youtube.com/watch?v=f6I_yTTafCA&NR=1

Iserbyt has made the online version of her book available for free because she feels that the American people need to know what has been (and is) going on with the "education" system in this country.

Here is a link to a brief bio of Iserbyt: http://www.deliberatedumbingdown.com/pages/author.htm

Many thanks for all you do!
Your CIGA in the Mortgage Finance Industry