View Single Post
Old 04-10-2013, 08:55 AM   #500
Gridlock
Banned By Establishment
 
Gridlock's Avatar
 
Join Date: Dec 2003
Location: New West
Posts: 3,997
Thanked 2,982 Times in 1,135 Posts
Failed 284 Times in 109 Posts
So I watched this last night, found in my random youtubin'.


Basically, he just stands there and riffs on shit for half an hour about interest rates, monetary supply and how Canada relates.

His basic premise is that Americans(and by virtue, Canada) is now addicted to 0% interest, and that inflation is higher than what is being reported. I don't think he's one of the hyper-inflation people, but as a result of prolonged 0% interest rates, then inflation would increase.

His take on trade deficits for me was interesting. The shell game of trading goods for paper and other markets playing with their currencies was interesting, if not advice to live by, but something to think about.

It's long, but if you are into this type of stuff, its an interesting listen.
Gridlock is offline   Reply With Quote