Well some more people are getting on the crazy train with me. I thought I would share this article that is based on an internal memo put out by Citigroup. I think it is worth reading.
My favorite quote from the article says it all.
"The world is not going back to normal after the magnitude of what they have done. When the dust settles this will either work, and the money they have pushed into the system will feed though into an inflation shock.
"Or it will not work because too much damage has already been done, and we will see continued financial deterioration, causing further economic deterioration, with the risk of a feedback loop. We don't think this is the more likely outcome, but as each week and month passes, there is a growing danger of vicious circle as confidence erodes.”
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/3526645/Citigroup-says-gold-could-rise-above-2000-next-year-as-world-unravels.html
The scary thing is that the 1st choice is inflation…they are failing the mention that it is HYPER inflation.
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