Trump Warns ‘Massive Inflation’ Coming, Prepare

[Tylerdurden]

Billionaire Donald Trump says the U.S. economy is poised for “massive inflation” and is warning investors to take steps now to protect themselves.

In the gripping CNBC interview, Trump also told investors they should not trust official government statistics.

He even questioned the “official unemployment” numbers. “It’s over 20 percent. It’s not 8.3 percent,” Trump said.

Trump also thinks skyrocketing oil prices will cripple the U.S. economy. “Right now, [oil] is at an all-time record for this time of the year, in the summer they predict $5 gasoline, maybe $6.”

But Trump isn’t the only expert warning the U.S. economy may go off the cliff. Robert Wiedemer, author of the New York Times best-selling book Aftershock, stated in a recent interview, “The data is clear, 50% unemployment, a 90% stock market drop, and 100% annual inflation . . . starting in 2012.”

Editor’s Note: See the disturbing interview with Wiedemer.


When the host questioned such wild claims, Wiedemer unapologetically displayed shocking charts backing up his allegations, and then ended his argument with, “You see, the medicine will become the poison.”

This gripping, no-nonsense interview is quickly becoming a financial beacon in an economic tsunami with over 30 million people from around the world listening in.

But it’s not just the grim predictions that are causing the sensation; rather, it’s the comprehensive blueprint for economic survival that’s really commanding global attention.

The interview offers realistic, step-by-step solutions that the average hard-working American can easily follow.

The overwhelming amount of feedback to publicize the interview, initially screened for a private audience, came with consequences as various online networks repeatedly shut it down and affiliates refused to house the content.

“People were sitting up and taking notice, and they begged us to make the interview public so they could easily share it,” said Newsmax Financial Publisher Aaron DeHoog, “but unfortunately, it kept getting pulled.”

The controversy stems from direct allegations that the people in Washington have failed miserably. They include former Federal Reserve Chairman Alan Greenspan and current Federal Reserve Chairman Ben Bernanke, tasked with preventing financial meltdowns and keeping the nation’s economy strong through monetary and credit policies.

At one point, Wiedemer even calls out Bernanke, saying that his “money from heaven will be the path to hell.”

Shocking Footage: See the eerie chart that exposes the ‘Unthinkable’.

This wasn’t the first time Wiedemer’s predictions hit a nerve. In 2006, he and his team of economists accurately predicted the four-bubble meltdown in the housing, stock, private debt, and consumer-spending markets that almost sank America.

Regardless of his warnings and survival advice, Bernanke and Greenspan were not about to support Wiedemer publicly, nor were the mainstream media.

The question Americans need to ask themselves is this: Even if half of Trump and Wiedemer’s predictions come true, ARE YOU PREPARED?

Read more: Massive Inflation Coming, Warns Donald Trump

[Tylerdurden]

Top level bankers resigning in droves. What does this mean?


358 RESIGNATIONS FROM WORLD BANKS, INVESTMENT HOUSES, MONEY FUNDS

http://americankabuki.blogspot.com.a...rld-banks.html

[John Smith]

Is there a reason we should listen to Trump?

[Tylerdurden]

Is there a reason we should listen to Trump?

No more than anyone else. My first thought is motive as I think the man is souless. On the other hand he is quoting facts that are available to anyone with the nerve to dare look. The truly evil are the one who are telling friends and loved ones not to worry, not to prepare and calling anyone warning of the impending train wreck looney. They will get their just rewards in the end. I am sure of it.

If you want to amuse yourself go back to 07' when the dudes here you so identify with were telling everyone no crash was coming and attacking me at every turn. Then jump forward year where they were saying its only a blip and recovery is around the corner.
Then they nailed me to a date like I am some prophet. There I was wrong , I did not account for the gullibility of people to accept lies and propaganda like its honey. Still Its coming, it is inevitable no matter how you buddies say it will never happen. They have all been wrong from the start. Still are.

[Tylerdurden]

From: Z A N
Organization(s):
JPMorgan Chase
Comment No: 57019
Date: 3/14/2012
Comment Text:
Dear CFTC Staff,
Hello, I am a current JPMorgan Chase employee. This is an open letter to all commissioners and regulators. I am emailing you today b/c I know of insider information that will be damning at best for JPMorgan Chase. I have decided to play the role of whistleblower b/c I no longer have faith and belief that what we are doing for society is bringing value to people. I am now under the opinion that we are actually putting hard working Americans unaware of what lays ahead at extreme market risk. This risk is unnecessary and will lead to wide-scale market collapse if not handled properly. With the release of Mr. Smith’s open letter to Goldman, I too would like to set the record straight for JPM as well. I have seen the disruptive behavior of superiors and no longer can say that I look up to employees at the ED/MD level here at JPM. Their smug exuberance and arrogance permeates the air just as pungently as rotting vegetables. They all know too well of the backdoor crony connections they share intimately with elected officials and with other institutions. It is apparent in everything they do, from the meager attempts to manipulate LIBOR, therefore controlling how almost all derivatives are priced to the inherit and fraudulent commodities manipulation. They too may have one day stood for something in the past in the client-employee relationship. Does anyone in today’s market really care about the protection of their client? From the ruthless and scandalous treatment of MF Global client asset funds to the excessive bonuses paid by companies with burgeoning liabilities. Yes, we at JPMorgan that are in the know are fearful of a cascading credit event being triggered in Greece as they have hidden derivatives in excess of $1 Trillion USD. We at JPMorgan own enough of these through counterparty risk and outright prop trading that our entire IB EDG space could be annihilated within a few short days. The last ten years has been market by inflexion point after inflexion point with the most notable coming in 2008 after the acquisition of Bear.
I wish to remain anonymous as of now as fear of termination mounts from what I am about to reveal. Robert Gottlieb is not my real name; however he is a trader that is involved in a lawsuit for manipulative trading while working with JPMorgan Chase. He was acquired during our Bear Stearns acquisition and is known to be the notorious person shorting in the silver future market from his trading space, along with Blythe Masters, his IB Global boss. However, with that said, we are manipulating the silver futures market and playing a smaller (but still massively manipulative) role in manipulating the gold futures market. We have a little over a 25% (give or take a percentage) position in the short market for silver futures and by your definition this denotes a larger position than for speculative purposes or for hedging and is beyond the line of manipulation.
On a side note, I do not work directly with accounts that would have been directly impacted by the MF Global fiasco but I have heard through other colleagues that we have involvement in the hiding of client assets from MF Global. This is another fraudulent effort on our part and constitutes theft. I urge you to forward that part of the investigation on to the respective authorities.
There is something else that you may find strange. During month-end December, we were all told by our managers that this was going to be a dismal year in terms of earnings and that we should not expect any bonuses or pay raises. Then come mid-late January it is made known that everyone received a pay raise and/or bonus, which is interesting b/c just a few weeks ago we were told that this was not likely and expected to be paid nothing in addition to base salary. January is right around the time we started increasing our short positions quite significantly again and this most recent crash in gold and silver during Bernanke’s speech on February 29th is of notable importance, as we along with 4 other major institutions, orchestrated the violent $100 drop in Gold and subsequent drops in silver.
As regulators of the free people of this country, I ask you to uphold the most important job in the world right now. That job is judge and overseer of all that is justice in the most sensitive of commodity markets. There are many middle-income people that invest in the physical assets of silver, gold, as well as mining stocks that are being financially impacted in a negative way b/c of our unscrupulous shorts in the precious metals commodity sector. If you read the COT with intent you will find that commercials (even though we have no business being in the commercial sector, which should be reserved for companies that truly produce the metal) are net short by a long shot in not only silver, but gold.
It is rather surprising that what should be well known liabilities on our balance sheet have not erupted into wider scale scrutinization. I call all honest and courageous JPMorgan employees to step up and fight the cronyism and wide-scale manipulation by reporting the truth. We are only helping reality come to light therefore allowing a real valuation of our banking industry which will give investors a chance to properly adjust without being totally wiped out. I will be contacting a lawyer shortly about this matter, as I believe no other whistleblower at JPMorgan has come forward yet. Our deepest secrets lie within the hands of honest employees and can be revealed through honest regulators that are willing to take a look inside one of America’s best kept secrets. Please do not allow this to turn into another Enron.

Kind Regards,
-The 1st Whistleblower of Many

U.S. Commodity Futures Trading Commission:

[John Smith]

No more than anyone else. My first thought is motive as I think the man is souless. On the other hand he is quoting facts that are available to anyone with the nerve to dare look. The truly evil are the one who are telling friends and loved ones not to worry, not to prepare and calling anyone warning of the impending train wreck looney. They will get their just rewards in the end. I am sure of it.

If you want to amuse yourself go back to 07' when the dudes here you so identify with were telling everyone no crash was coming and attacking me at every turn. Then jump forward year where they were saying its only a blip and recovery is around the corner.
Then they nailed me to a date like I am some prophet. There I was wrong , I did not account for the gullibility of people to accept lies and propaganda like its honey. Still Its coming, it is inevitable no matter how you buddies say it will never happen. They have all been wrong from the start. Still are.

I don't know what dudes I was listening to. I do remember Jon Stewart running a bunch of clips of the people on Cramer's network telling us everything was fine, just days before the **** hit the fan. I remember Cramer being very upset and angry with Stewart, and I remember the interview

The show that angered Cramer http://www.thedailyshow.com/watch/we...nancial-advice

the interview with Cramer

http://www.thedailyshow.com/watch/th...m-cramer-pt--1 part one of three.

[Tylerdurden]

Dude? TV personality's ? You get your information from Jon Stewart and Cramer? Are all people in New Jersey on that level? Snookie intellect?

[John Smith]

Dude? TV personality's ? You get your information from Jon Stewart and Cramer? Are all people in New Jersey on that level? Snookie intellect?

I'd be far more inclined to put Snookie and Trump as being of the same intellect.

Stewart does the best interviews I've seen.

[Keith Wilson]

Mark predicts disasters a dozen times a day (or, more accurately, quotes somebody else who does). That way whenever anything bad happens, he can believe he predicted it and congratulate himself. He predicted 238 of the last three recessions, and 491 of the last five wars. The currency collapse somehow hasn't happened yet, despite hundreds of predictions, nor martial law. I wonder why? And hyperinflation is always just around the corner.

[elf]

Is there a reason you guys waste your time listening to Mark?

[Tylerdurden]

Mark predicts disasters a dozen times a day (or, more accurately, quotes somebody else who does). That way whenever anything bad happens, he can believe he predicted it and congratulate himself. He predicted 238 of the last three recessions, and 491 of the last five wars. The currency collapse somehow hasn't happened yet, despite hundreds of predictions, nor martial law. I wonder why? And hyperinflation is always just around the corner.

Not an ounce of truth in your post. Why am I not surprised you being one of the ones who have never gotten it right once. You said their would be no crash, then said it would recover quickly. What are you saying today?
Your just too funny.

[Tylerdurden]

Is there a reason you guys waste your time listening to Mark?

What does Harpers have to say?

[Norman Bernstein]

He predicted 238 of the last three recessions, and 491 of the last five wars.

*lol*

[Tylerdurden]

It's a party, All the usual suspects are here.

[Norman Bernstein]

Trump is also the guy who 'sent investigators to Hawaii' to look into Obama's birth certificate, and then said, 'you wouldn't believe what they're finding out'.... but never told us just what they found out.

Trump is interested in only one thing: his personal glorification. When he talks about massive hyperinflation coming around the corner, it doesn't have to be remotely true... if it gets his name in the newspapers.

Was Snooki mentioned in this thread? Only a Snooki intellect could possibly give any credibility to Donald Trump.

[JimD]

Trump is a publicity seeking jerk.

[Tylerdurden]

I would think you guys would be celebrating. The dystopian nightmare you have fought so hard for is almost upon us.

[John Smith]

Trump has joined my list with Cheney and Rumsfeld of people not worth listening to. What have they ever predicted that has come to be accurate?

[ljb5]

Dude? TV personality's ? You get your information from Jon Stewart and Cramer? Are all people in New Jersey on that level? Snookie intellect?

In seven posts, you went from citing Donald Trump to belittling people who get their information from TV personalities.

[Gerarddm]

TylerD is always good for an early morning chuckle. Citing Donald Trump, though, borders on the hilarious.

[Curtism]

And then there's this guy:

Robert Wiedemer, author of the New York Times best-selling book Aftershock, stated in a recent interview, “The data is clear, 50% unemployment, a 90% stock market drop, and 100% annual inflation . . . starting in 2012.”

I saw the video with this author last week and got through about half of it. It wasn't so much an interview as it was a bunch of sofball set up questions. He laid out a bunch of dire predictions and the host kept telling viewers to stay tuned for valuable information that may well save your families future. (No fear mongering there, eh?) It sounded like an ad for Goldline.

Tyler, since I never made it to the punch line, er, pitch, what was the priceless advice that would save our fortunes? I mean, what, other than books, are they selling?

[mikefrommontana]

But no matter the possibility, and there is always a possibility, that we would face what would be a Weimar Republic fubar.... what should we do?

I rather expected a pitch to buy gold. One could stockpile a year's worth of food, and guns and ammo to protect it all, but what happens after the food runs out, or you're out of ammo?

The expectation that, through enough preparation, anybody can outlast the utter collapse of society is foolhardy at best. I certainly have no doubt that many of the things that Mark talks about can happen, but more because no alternative is proposed, rather than because dark events are inevitable.

Quoting the doom and gloom is all well and good--but leading people to a different solution. If it only takes 3 percent to make it happen, even a Mark can effect what can happen.

But not through doom and gloom forecasts, or besmirching the other guy with Bernay's or sheeple or what have you---then you are just labeled a crank and have failed society. When that happens, it's going to be you alone vs the state, and the state always wins.

So, Mark, what's the solution?

[JimD]

...So, Mark, what's the solution?

Apparently, the solution is...

Defend the wicked. Celebrate the wrong. Decorate the ghastly. Learn from the fools. Prize the worthless. Woe the times in which we live

[john l]

Defend the wicked. Celebrate the wrong. Decorate the ghastly. Learn from the fools. Prize the worthless

now i understand why donald trump has such a following!

[Tylerdurden]

But no matter the possibility, and there is always a possibility, that we would face what would be a Weimar Republic fubar.... what should we do?

I rather expected a pitch to buy gold. One could stockpile a year's worth of food, and guns and ammo to protect it all, but what happens after the food runs out, or you're out of ammo?

The expectation that, through enough preparation, anybody can outlast the utter collapse of society is foolhardy at best. I certainly have no doubt that many of the things that Mark talks about can happen, but more because no alternative is proposed, rather than because dark events are inevitable.

Quoting the doom and gloom is all well and good--but leading people to a different solution. If it only takes 3 percent to make it happen, even a Mark can effect what can happen.

But not through doom and gloom forecasts, or besmirching the other guy with Bernay's or sheeple or what have you---then you are just labeled a crank and have failed society. When that happens, it's going to be you alone vs the state, and the state always wins.

So, Mark, what's the solution?

There are no solutions. We are far past that point now. I only supported Ron Paul because he spread a sound message and was hoping enough future survivors would hear it and with hindsight see exactly were we went wrong in the experiment.
As far as besmirching through Bernays. I don't think that would be an issue if people actually understood what Bernays unleashed on the world. If they did they would be saying it and I could just sit back and watch.

[fishrswim]

Nah-
Trump's ego is already as inflated as it can get. Any more an his head will explode. Hmmm, not a bad idea.

[SaltyBoatr]

He predicted 238 of the last three recessions, ...

This would be funny except that the G.O.P. somehow fears inflation so much they can't see what is in front of our faces which is the exact opposite: Deflation. So, their delusion create politics that stops us from spending enough attention to stimulus spending and this failure to act has needless dragged this recession out longer than necessary.

[David G]

This would be funny except that the G.O.P. somehow fears inflation so much they can't see what is in front of our faces which is the exact opposite: Deflation. So, their delusion create politics that stops us from spending enough attention to stimulus spending and this failure to act has needless dragged this recession out longer than necessary.

Well... it's always hard to predict what will trigger what sort of spiral. I do suspect, however, that the large amount of stimulus spending has put us in more danger of an inflationary burst in the future than the lack of it has put us in danger of a deflationary spin. That said, I also suspect that the initial wad of stimulus spending could have been bigger to good result. Thank goodness I don't have to make those sorts of decisions - WAY above my pay grade.

Oh, and Trump? He's a buffoon. As is anyone who'd quote him to make a serious argument <sheesh>

[blacksmith]

In the April edition of The Atlantic magazine, there's an extensive inteview with Ben Bernanke about the economy ,and specifically inflation/deflation. While it's a major concern, he doesn't foresee armageddon. I vote for Bernanke,not "The Donald".

[David G]

blacksmith - yes, there was even a Bilge thread on the Bernanke article:

http://forum.woodenboat.com/showthre...4-Ben-Bernanke

[David G]

More thoughts... this time from The Economist. Article is titled "Don't Panic" --

http://www.economist.com/blogs/freee...vereign-debt-0