We Could Be Headed For "Worldwide Inflation," Says FT's Wolf

The financial system is insolvent. Hiding this fact and keeping rates at zero means printing massive quantities of increasingly worthless paper money. There is no exit strategy that does not entail higher interest rates, notwithstanding the apparent fantasy that is circulating among the central banks.

How long can the bankers keep from posting losses?. I know mark-to-market is no more, but they eventually will have to deal with it, but when???. Does anybody know?.

It's going to get alot worse.Don't let them keep B.S.ING YOU

iT'S GOING TO GET ALOT WORSE .DON'T LET THEM KEEP BS ING YOU.

WOW! OBAMA HAS BEEN SO RIGHT ON; IT IS SCARY!!! THE ECONOMY IS FIXED!.... LOOK OUT ABOVE; DOW 35,000! WOO-HOO!!

WOW! OBAMA HAS BEEN SO RIGHT ON; IT IS SCARY!!! THE ECONOMY IS FIXED!.... LOOK OUT ABOVE; DOW 35,000! WOO-HOO!!

Wow, I can't believe tech ticker would interview someone with a negative outlook on the economy. Looks like you bears better buy some more gold! You can use it to cap your teeth so you can open your canned goods. ;-)

WOW! OBAMA HAS BEEN SO RIGHT ON; IT IS SCARY!!! THE ECONOMY IS FIXED!.... LOOK OUT ABOVE; DOW 35,000! WOO-HOO!!

Doug Y... Couldnt have said it better myself and I have been saying it for years, more vocally and vitriolically in the last 2 as manifestation has really appeared. Dosent make sense, destroy the american consumer. Our economy is 2/3 driven by the consumer, are the CORP's gonna make it up overseas. Everytime I see Bernakes face I get sad.

Inflation, deflation - it matters not. The standard of living is going down except for the ultra rich and their lackeys in the political class. Enjoy your "clunkers" car, it might be the last one for a long time.

The only ones that are going to make anything out here are the bill collectors.Turn off your phones

The US is a failed state heading for 3rd world status $$$ AN UNEXPECTED DISCUSSION TOOK PLACE WITH A CONNECTED MAN WITH TIES TO THREE IMPORTANT ARENAS. BIG EVENTS ARE COMING TO MAJOR U.S. BANKS. THE EVENTS WILL CHANGE THE FACE OF AMERICA. $$$ This is powerful news on a few extremely important fronts, toward climax. My source is a very reliable fellow with much experience and key relationships. He has 12 years of direct elite experience with the USMilitary, knows several midranked people in the CIA, and has a lifelong family friend who is an executive banker at Wells Fargo. Here is a summary of his main points: Wells Fargo is bankrupt but will shed a raft of bad assets to the USFederal Reserve. Citigroup will soon announce a major split of its subsidiaries, but the Citi name might remain with some core unit. Wells Fargo will be revived, after it picks up the choicest pieces of Citi business segments, with Bank of America grabbing the rest. Both Goldman Sachs and JPMorgan will undergo a death experience before end of 1Q2010. Bankers generally are preparing for the event. Their credit assets and derivative games will erupt in a series of explosions, made worse by the next round of credit losses. The leverage they abuse will backfire finally. Their entire assets will be carved up at the morgue. The USFed will serve as the 'Bad Bank' since no official USGovt sponsorship will be approved. It will accept another full bounty of toxic assets in order to avert a collapse of the US banking system. They feel badly exposed already by their balooned balance sheet. The USFed balance sheet will zoom past $3 trillion fast. The USDollar will vanish sometime next year 2010, but will NOT be replaced by the Amero. The Amero was described as 'nothing but smoke & mirrors' in clear terms. It is unclear what the US$ will be replaced by, since paper currency cannot replace paper currency. The US$ is set to undergo a massive devaluation with a new name to disguise that devaluation. The CIA fellow claims before end of 1Q2010, everything tied to the US will break, in a general expectation. He did refer specifically to the overseas military adventures and US financial structures for ruin. That should mean the USTreasury Bond, the USDollar, and the bank system. He called it all unsustainable and in the process of breaking now, saying "It will all blow up early next year, and the key players are all preparing." The Wells Fargo executive banker bought 250k oz silver bullion a few years ago in a personal account. He admitted that he has vastly increased his silver holdings since the original purchase. When asked of the future silver price prospects, he said "it will rise beyond your imagination." Info as per Jim Willie

If you do the math you will come to the conclusion that most corporations are broke as well as the Union of Socialist States (formerly the USA).

This war of the democrats vs. the republicans is unproductive and stupid. Neither party can claim innocence in contributing to this mess. This bipartisan finger pointing is drawing the peoples’ attention and energy away from the REAL war; which is against the government-sponsored looting of America by Wall Street and the corporations.

Wow, I can't believe tech ticker would interview someone with a negative outlook on the economy. Looks like you bears in sheeps clothing better buy some more gold! You can use it to cap your teeth to open your canned goods. LOL

where do they find all the comedians? world wide huh? well anytime a government will not back it's currency with gold silver etc it means the crooks are here at the door, inflation is here! has been and not going away ,, are the pole-ticians thinking china will forgive our debt like we did mexico's few years back? i doubt it, but really whats a piece of paper worth? that's why our stupid forefathers put it IN THE CONSTITUTION!

I'd just like to point out that there are several causes for inflation and currency devaluation. The first poster is correct that there may not be much demand/push inflation in the near term. Consumers net worth and confidence are down and people either don't have spending ability or are afraid to utilize what ability they do have. What is heading for us like a Tsunami however is a wave of cost/pull inflation. Look at 1923 Germany or at recent events in Zimbabwe. If people lose confidence in a currency, it becomes worth less, and goods and services cost more, even if their is no increase, or even a decrease, in overall demand.

If inflation occurs, there will be an need for massive tax increases to pay the higher interest when short term federal bonds mature and new bonds are issued at much higher interest. I do not think that governments can allow this to happen.

Soetoro needs to be held accountable . The transparency of which he speaks is a joke. This economic downfall was no accident .

Another fool making another 'educated' prediction. Please go away.