SGT Report – Andy Hoffman from Miles Franklin is back to document the current state of the collapse of the global economy – and the situation is only getting worse by the day. From Caterpillar to Glencore Mining, the future is as clear as it is bleak. And most American still have absolutely NO IDEA what’s in store for them as the FED dominoes of fraud begin falling. TRILLIONS have been printed with no “trickle down” in sight. Meanwhile, there is plenty of paper silver and gold, and precious little PHYSICAL – even as the 1980 inflation adjusted all-time high for silver passes $600 per ounce. The sheeple sleep snug in their beds certain that today’s debt based paradigm will continue forever. They are in for a rude awakening.
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SF Source SGT Report
Excerpt – This Dollar Ponzi Scheme Will Collapse
Andy Hoffman: As I wrote in last year’s “The Final Currency War,” the politically motivated “race to debase” has expanded to epic proportions since the Fed, ECB, BOJ, BOE and SNB accelerated their respective printing presses in 2011-12. Consequently, currencies the world round have experienced dramatic declines – on average, more than 20% in the past three years – yielding dramatic inflation increases. Ironically, the greatest money printer of them all – and chief architect of the aforementioned worldwide currency volatility – has been “strengthened” as a result, but only in the foreign currency markets. In what really matters, however – its purchasing power against real items of value – it has declined significantly. This is why the covert suppression of gold and silver prices is so important to TPTB; without it, these traditional “barometers” of inflation would be giving dangerous, politically damaging signals.
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Daily Bell: What’s the report card on Janet Yellen? What’s she doing? Is she living up to her dovish expectations?
Andy Hoffman: Janet Yellen is so dangerous because she is a career Keynesian puppet, with not a shred of success on her resume or even the slightest inclination to try anything other than enhanced money printing. Of course, it’s not her fault that she inherited Greenspan and Bernanke’s Ponzi scheme mess. But then again, she participated in it all along, as a member of Clinton’s inner circle and subsequently the FOMC board.
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