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Matterhorn's von Greyerz Explains Why The Apocalypse Is Nigh

Tyler Durden's picture


A few days ago we presented the most recent investor letter by Egon von Greyerz of Matterhorn, whose pessimism makes David Rosenberg seem like a CNBC staple cheerleader. Today, CNBC invited the hyperinflationist to its European studio where von Greyerz engaged in some entertaining sparring with the anchor over two totally different worldviews. Those who have read the letter previously, and have followed the inflationist side of the argument, will not be surprised by any of the disclosures: decades of debt fueled prosperity, $20 trillion backstop of financial institutions, deteriorating fundamentals, reckless money printing, and gold as the only real store of value: in other words - all the things that those who see no treasury bubble will close their eyes to and quickly walk away from.


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Thu, 08/19/2010 - 15:33 | 531114 eodinert
eodinert's picture

Matterhorn, Bitches!

Thu, 08/19/2010 - 15:44 | 531142 Turd Ferguson
Thu, 08/19/2010 - 15:49 | 531154 strannick
strannick's picture

Armageddon never had a more genial prophet

Thu, 08/19/2010 - 17:01 | 531373 william the bastard
william the bastard's picture

At 5:00 Ergan says there are only 2 alternatives:

1- Austerity and collapse of asset prices and the banking system


Nice but there is another view:


Thu, 08/19/2010 - 16:09 | 531202 SheepDog-One
SheepDog-One's picture

Open general question: What the hell is with ALL the English trash all over CNBC whats up with that? Is it because they believe an English accent sounds more credible or something? Only thing I can figure.

And whats with that street person in rags at 8:00?

Thu, 08/19/2010 - 16:11 | 531227 YourAverageDebtSlave
YourAverageDebtSlave's picture

Seeing the major role the Bank of England played in the first Revolution, I find it fitting CNBC (the financial arm of the corporate ran government propaganda machine)  would be bringing in English shills to dole out financial advice to the American sheeple. 

Thu, 08/19/2010 - 16:25 | 531265 RichardENixon
RichardENixon's picture

Actually I'm pretty sure this guy is Swiss.

Thu, 08/19/2010 - 16:14 | 531237 william the bastard
william the bastard's picture

It's the CNBC World Channel for those of us with cable TV. The street person at 8:00 is Cramer.

Thu, 08/19/2010 - 18:59 | 531639 bonddude
bonddude's picture

Back to his comfort zone of livin in his car.

Thu, 08/19/2010 - 16:27 | 531269 Joeman34
Joeman34's picture

Sheep - you are obviously very new to this game...

Yes on the first question and the woman at 8min has been the European market correspondent for years...

It's no wonder, with this knowledge, the majority of your comments here on ZH are useless.

Thu, 08/19/2010 - 21:27 | 531868 TwoShortPlanks
TwoShortPlanks's picture

There was a time when Time itself ticked-on unabated, and length was as ridgid as a measuring rod...and then along came Einstein and destroyed everything we desperately clung-to for reasurance that the world was real.

Historically, this economic situation has never been seen before, to everybody, so there are no experts, there are no wise old men...or wise old bag-ladies for that matter.

Thu, 08/19/2010 - 16:38 | 531309 Aductor
Aductor's picture

Egon is from Sweden (where they teach British English) and has lived for 17 years (or so) in London. Hence the British-Swedish accent.

Thu, 08/19/2010 - 18:59 | 531640 New_Meat
New_Meat's picture

British-English, lol

"Two nations separated by a common language."

Thu, 08/19/2010 - 21:20 | 531855 quintago
quintago's picture

The same reason they like to use english on infomercials. To sell trash.

Thu, 08/19/2010 - 19:20 | 531670 Thomas
Thomas's picture

Doesn't Egon moonlight as a ghost buster?

Thu, 08/19/2010 - 19:38 | 531695 Johnny Yuma
Johnny Yuma's picture

You're right and it all makes sense now. They were trying to tell us something back then:


Thu, 08/19/2010 - 15:36 | 531121 Turd Ferguson
Turd Ferguson's picture

by Chris1 

on Mon, 08/16/2010 - 09:48

Matterhorn Asset Management? Come on. An asset management group specialised in gold might be considered biased.

Biased yet oddly sensible...


Thu, 08/19/2010 - 16:40 | 531317 Aductor
Aductor's picture


Thu, 08/19/2010 - 15:38 | 531122 realtick
Thu, 08/19/2010 - 15:40 | 531127 Turd Ferguson
Turd Ferguson's picture

Wow, ticker, that's some pretty impressive TA. Did you draw those lines all by yourself or did a kindergartner help you with your crayons? What's next, fingerpaint?

Thu, 08/19/2010 - 15:45 | 531139 Hansel
Hansel's picture

Even more alarming:

Buying Gold Is a Mistake, James Altucher Says

You've been warned. :P

Thu, 08/19/2010 - 15:50 | 531157 Turd Ferguson
Turd Ferguson's picture

Hypocrite Alert:

I realize that I complain all the time about people attacking the messenger and not the message. In this case, however, I'm going to do it anyway.


Thu, 08/19/2010 - 16:09 | 531217 william the bastard
william the bastard's picture

But what does Cramer say?

Thu, 08/19/2010 - 16:26 | 531267 RichardENixon
RichardENixon's picture

He usually says something like "Booyah!"

Thu, 08/19/2010 - 16:44 | 531328 Aductor
Aductor's picture

I saved this for future reference:

09/04/2009 on CNBC

James Altucher: SPX will not see 900 ever again.

Thu, 08/19/2010 - 17:31 | 531454 rebeltraders
rebeltraders's picture




Thu, 08/19/2010 - 19:02 | 531643 bonddude
bonddude's picture

Plus Gilbert gets laid evry once in a while.

Thu, 08/19/2010 - 22:25 | 531991 jm
jm's picture

If you call humping an inflatable woman getting laid.

Thu, 08/19/2010 - 20:15 | 531748 ColonelCooper
ColonelCooper's picture

My thought was that Gilbert went on a seven day drunk, fucked Austin Powers, and this dick pimple was the offspring.

Fri, 08/20/2010 - 08:45 | 532438 MsCreant
MsCreant's picture

I am not sure if you have bested yourself with this avatar, or not. This one can be glanced at and taken as abstract art of some kind. The other one was quite clear what it was.

Thu, 08/19/2010 - 21:49 | 531898 Fishing Chimps
Fishing Chimps's picture

No, ad hominem attacks are really not the way to go, but the Gilbert Gottfried comparison was too funny!

Thu, 08/19/2010 - 15:54 | 531174 Segestan
Segestan's picture

Hilarious... they have to create a paper gold market,  just to met demand.. i.e. a Hoax... and still the paper price is $1200.

Morons. Who latter should face criminal charges for destroying many lives.

Thu, 08/19/2010 - 16:23 | 531261 RockyRacoon
RockyRacoon's picture

You show us some ETF chart?

I prefer this one:

Thu, 08/19/2010 - 17:18 | 531410 saulysw
saulysw's picture

Exactly. Broaden your timeframe and relax. It's a fairly perfect exponential curve.

Thu, 08/19/2010 - 17:19 | 531407 doggings
doggings's picture

Gold bugs beware:

lol yes because stupid technical analysis crayon drawings really capture the essence of a multi-year manipulation scam coming apart at the scenes :- /



Thu, 08/19/2010 - 15:46 | 531124 Turd Ferguson
Turd Ferguson's picture


Thu, 08/19/2010 - 15:39 | 531125 CoverYourBasis11
CoverYourBasis11's picture

Dude Pitches Gold Bitchez

Dude scares ya Bitchez

Dude earns money on fear Bitchez

Probably Right...Maybe Bitchez

Got the math question wrong twice Bitchez

Thu, 08/19/2010 - 15:46 | 531148 GIANTKILR
GIANTKILR's picture

Just twice? The biggest pain in the ass captcha site!!!

Thu, 08/19/2010 - 15:57 | 531183 Waterman Jim
Waterman Jim's picture

i use a calculator

Thu, 08/19/2010 - 17:17 | 531408 saulysw
saulysw's picture

That's cheating. If you are not smart enough to work it out in your head, then you shouldn't be posting.

Thu, 08/19/2010 - 16:48 | 531337 MsCreant
MsCreant's picture

You're pretty bitchy today...

Thu, 08/19/2010 - 18:01 | 531520 Hephasteus
Hephasteus's picture

You'd be bitchy too if you were a cyclops.

Thu, 08/19/2010 - 15:41 | 531133 lsbumblebee
lsbumblebee's picture

CNBC European studios. Far far away from the delicate brains of Joe Kernan, Becky Quick and Carl Quintanilla.

Thu, 08/19/2010 - 15:43 | 531135 ConfederateH
ConfederateH's picture

Cnbc.  What a bunch of wankers.

Thu, 08/19/2010 - 15:46 | 531145 HitTheFan
HitTheFan's picture

Stupid question about Gold. Gold is money. Nothing else.

Thu, 08/19/2010 - 17:27 | 531437 tmosley
tmosley's picture

Must have been junked by a fan of silver.

Thu, 08/19/2010 - 20:17 | 531754 ColonelCooper
ColonelCooper's picture

But I wanna be a fan of both.

Thu, 08/19/2010 - 15:47 | 531146 RSDallas
RSDallas's picture

What I heard from this interview is that we are all going to take a huge haircut no matter what you invest in when trying to hedge against the dollar.  This is in line with my thinking as well.  No one will win in the end.  NO ONE! 

Kyle Bass said just recently, as he did, "Where is the money going to come from"?

Freaking crooks!

Thu, 08/19/2010 - 15:46 | 531149 Roy Bush
Roy Bush's picture

It's amazing how easy a concept this is.  Even a mush-mouth like this guy can grasp it.  

The real problem however, isn't the printing of money (although truly a crime as well) is the nature of fractional reserve banking. The Fed, short of handing out tens of thousands to every man, woman and child couldn't print enough to account for the contraction of banking structure that has been happening for the last couple of years.  So what is left is debt without any money to roll over the debt once again.  The can sooner or later can't be kicked further down the road.  

Thu, 08/19/2010 - 16:06 | 531207 SheepDog-One
SheepDog-One's picture

LOL nice avatar!!

Thu, 08/19/2010 - 16:58 | 531365 william the bastard
william the bastard's picture

At 5:00 Ergan says there are only 2 alternatives:

1- Austerity and collapse of asset prices and the banking system


Nice but there is another view:


Thu, 08/19/2010 - 15:49 | 531156 JLee2027
JLee2027's picture

Proper management at the top (ie Obama) would have the US leading the recovery charge out of this hell-hole monetary system and the world will follow us again. 

The only real choice appears to be to renege on all debts and back the currency with Gold or Silver.

Thu, 08/19/2010 - 15:50 | 531160 Minyan Vince
Minyan Vince's picture

there is no treasury bubble...until there is :-)18

Thu, 08/19/2010 - 15:52 | 531162 Number 156
Number 156's picture

What an idiot, this CNBC guy. To paraphrase what he says:

'Goverments are aware of this problem.. they are starting to deal with this excess in the global economy... why can we not it off, .. its just like a dieter.. we just need to take a period where we stop eating, and start tying to shed some pounds.

1). Where do you see United Stated, or the world in whole going on a diet?

2). The patient has already suffered a massive heart attack, and probably wont recover, even if he does stop smoking and goes on a diet to loose his 300 lbs of excess fat.

Were stuck in an Keynesian nightmare that wont go away.

He makes it so easy for Rosenberg to slay him.


Thu, 08/19/2010 - 16:25 | 531266 RockyRacoon
RockyRacoon's picture

Yep.  Lotsa fat people know they're fat yet fail to do shit about it.

Thu, 08/19/2010 - 16:37 | 531307 GNandGL
GNandGL's picture

Since the moronic CNBC guy is British, maybe he has seen the Monty Python sketch where Terry Jones plays the enormous fat guy in a restaurant and it all comes to a climax when John Cleese as a waiter offers him a thin mint. 

Our economy is one thin mint away from exploding and this is the guy he wants "to go on a diet."  Imbecile.

Thu, 08/19/2010 - 17:18 | 531409 Number 156
Number 156's picture

The problem is, is that the fat guy is paying for 12 servings of foie gras over bacon with his overextended credit card.

Thu, 08/19/2010 - 17:31 | 531443 doggings
doggings's picture

Since the moronic CNBC guy is British, maybe he has seen the Monty Python sketch where Terry Jones plays the enormous fat guy in a restaurant and it all comes to a climax when John Cleese as a waiter offers him a thin mint.

lol, 2nd time I've seen this compared to obesity & mr creosote in 2 days

Thu, 08/19/2010 - 19:05 | 531648 Rusty Shorts
Thu, 08/19/2010 - 16:58 | 531360 MsCreant
MsCreant's picture

I heard him as being in the Elizabeth Kubler Ross "bargaining stage." When you hear you are going to die, you say, "Well can't I lose the weight? Can't I work on my health?" There is a pleading with reality. "Can't it just be a couple of recessions? Does it have to be a depression?"

On a long enough time line, all fractional reserve lending systems will collapse and a small group of lenders will end up owning everything. The question is will the people extract justice from the small group, or not.

BTW, happy birthday and I really like your bag, dude.

Thu, 08/19/2010 - 15:52 | 531170 JLee2027
JLee2027's picture

8 minute mark: "Gold is as speculative as you can get".

What an idiot comment.

Thu, 08/19/2010 - 15:54 | 531179 Number 156
Number 156's picture


Confirms his idoicy!

Thu, 08/19/2010 - 15:53 | 531177 mynhair
mynhair's picture



Thu, 08/19/2010 - 16:01 | 531191 John McCloy
John McCloy's picture

CNBC talking about buying Muni bonds opportunity..jeeezus. Yeah everyone buy munis because they are about to lay off have the county to service debt.  Have they know shame. Tells me that those are about to go kaput.

Thu, 08/19/2010 - 16:27 | 531270 RockyRacoon
RockyRacoon's picture

Come on.  You think the Feds will let the States go belly-up?  Get real.

They will buy everything in sight -- including munis.

It's already happening sans the tax-exempt cherry on top.

Thu, 08/19/2010 - 16:36 | 531301 Joeman34
Joeman34's picture

Exactly, there would be riots in the streets if the Feds let a state default on its GOs.  Save the banks but not the states - yeah right...

Albeit the rioters would most likely be wealthy 70 year old retirees /s


Thu, 08/19/2010 - 22:21 | 531983 Kayman
Kayman's picture

Obama's economic strategy is based on a one-armed paper hanger with crabs.

2 years after saving the banking crooks and forcing an ill-timed health care monster onto the nation, they have discovered there is an unemployment problem ???

The teleprompter kid has not one clue about how to fix this broken nation.

Fri, 08/20/2010 - 00:29 | 532149 RockyRacoon
RockyRacoon's picture

...and your fix would be, what?

Thu, 08/19/2010 - 18:56 | 531312 Mercury
Mercury's picture

M. McCloy:

Old habits die hard.  Munis have been a fantastic place to park and live off wealth for what - 50 years now?  Get rich or semi-rich once, plow it into munis and hold until maturity. Then live/play off the income tax free, not caring whether the market goes up or down - hell, even vote liberal too if you want. 

That was truly one of the greatest, easily accessible trades of the second half of the 20th century.  Soon to be all gone.  C'est La vie.

Thu, 08/19/2010 - 17:20 | 531414 NotApplicable
NotApplicable's picture

Or worse, lay-off half of the county and still default on the debt, due to declining revenues.

At least the munis are insured (though I'm not so sure the insurers are any more solvent than AIG ever was).

The new Build America Bonds however, are backed by the IRS. Which will probably mean that failed local governments will become federal protectorates, further undermining efforts of local governing.

No matter what though, it seems that the private non-Federal non-Reserve will own everything.

Thu, 08/19/2010 - 16:01 | 531193 SheepDog-One
SheepDog-One's picture

'Threats of a double dip recession"? Never got out of the 2008 DEPRESSION! Only added trillions more debt and about 30 million more unemployed.

Thu, 08/19/2010 - 16:04 | 531199 Number 156
Number 156's picture

It seems the CNBC european staff is already being paid in Zimbabwe currency.

Thu, 08/19/2010 - 16:34 | 531297 MichiganMilitiaMan
MichiganMilitiaMan's picture

Yes, and they are of equal value.

Thu, 08/19/2010 - 17:15 | 531402 Number 156
Number 156's picture

If theres anything at all positive about Zimbabwe currency, is that 2 euros worth is enough to stuff your mattress to capacity.

Thu, 08/19/2010 - 16:08 | 531215 e_goldstein
e_goldstein's picture

what passes for a 'money honey' in Europe is terrifying.

Thu, 08/19/2010 - 16:13 | 531233 SheepDog-One
SheepDog-One's picture

What did they offer her a cup of soup to come on in Frankfurt and talk about shiny coins? Youre right! Cant they even get some mildly hot chicks to babble inanities instead of some toothless street person in rags? Whats that she's wearing, and old cleaning cloth?

Thu, 08/19/2010 - 16:43 | 531324 romanko
romanko's picture

she a premonition: the quintessential hyper-inflationary babe! oh yeah!

Thu, 08/19/2010 - 16:11 | 531224 SheepDog-One
SheepDog-One's picture

Passengers, we've just lost cabin pressure.

Thu, 08/19/2010 - 16:12 | 531231 Waterman Jim
Waterman Jim's picture

You guys know that Apocalypse does not mean end of the world or major battle between good and evil... right?

It just means to reveal.

like revealing of the hidden.

It goes with the whole 2012, new age, raising of consciousness, spiritual enlightenment, we know the feds screwing us and were going to be sex slaves to reptilian aliens,... thing.







Thu, 08/19/2010 - 16:13 | 531238 SheepDog-One
SheepDog-One's picture

Sex slaves to reptilians? You wish.

Thu, 08/19/2010 - 16:20 | 531252 Waterman Jim
Waterman Jim's picture
thats all you got? i was wondering what it takes to get junked around here, i guess not everyone enjoys my keen sense of humor.
Thu, 08/19/2010 - 16:38 | 531308 Joeman34
Joeman34's picture

Get a job - you have far too much time on your hands

Thu, 08/19/2010 - 16:12 | 531232 mynhair
mynhair's picture

Iridium, bitchez!

Screw gold.

Thu, 08/19/2010 - 17:23 | 531421 saulysw
saulysw's picture

Good point, I was looking into this the other day. Anyone know how you can buy Iridium?

Thu, 08/19/2010 - 18:45 | 531611 saulysw
saulysw's picture

I found this place. Is that a typo, "0.2mm thick"? Sounds pretty thin to me. 0.4 of an ounce (assuming weight listed is in g) for $2238. Hmmmmm....

Thu, 08/19/2010 - 23:55 | 532113 StychoKiller
StychoKiller's picture

Look into "Rare Element Resources"

Thu, 08/19/2010 - 16:19 | 531249 RockyRacoon
RockyRacoon's picture
Ancient Gold, Modern Value - Precious Metals A 2,200-year-old gold coin was found recently in northern Israel. No, this isn’t one of those radio commercials you hear all the time about a surprising discovery of a stash of rare gold coins in Europe. This is the real deal.

Archaeologists from the U.S. uncovered the gold coin while digging near the border of Lebanon. At nearly one ounce in weight, it is the heaviest and most valuable coin ever found in Israel, a state official said. And somewhat oddly, the official added that the coin served a symbolic function and wasn’t used as currency.

The coin dates back to 191 B.C., making it older than the Roman Empire, but gold’s history goes much further back than that.

The Sumer civilization in ancient Mesopatamia used gold for jewelry and ornaments for headdresses, and thousands of gold artifacts were found in the Varna Necropolis, a gravesite in present-day Bulgaria that goes back to 4600 B.C. Egyptians are believed to have mined gold as early as 2000 B.C.

It’s believed gold as money originated in China about 3,000 years ago, and that the first pure gold coins came from King Croesus of Lydia between 560 and 547 B.C.

Over the millennia, gold’s prices have changed but its intrinsic value as a store of wealth hasn’t. During these uncertain economic times, it seems that more and more investors are appreciating gold’s protective properties.

Thu, 08/19/2010 - 16:34 | 531294 Waterman Jim
Waterman Jim's picture

what about this.....incredible if true.

South Africa’s leading mining corporation, the Anglo-American Corporation, in the 1970s engaged archaeologists to look for such ancient mines. Published reports (Optima) detail the discovery in Swaziland and other sites in South Africa of extensive mining areas with shafts to depths of fifty feet. Stone objects and charcoal remains established dates of 35,000, 46,000, and 60,000 B.C. for these sites. The archaeologists and anthropologists who joined in dating the finds believed that mining technology was used in southern Africa “during much of the period subsequent to 100,000 B.C.” 

Ancient Human Metropolis Found in Africa « Indigenous People’s Literature Weblog

Thu, 08/19/2010 - 19:35 | 531687 Snidley Whipsnae
Snidley Whipsnae's picture

...and the coin had a likeness of Noah stapmed on the obverse? :)

Thu, 08/19/2010 - 16:20 | 531251 iPood
iPood's picture

World's Worst Rug v Spit Curl ?

Thu, 08/19/2010 - 16:30 | 531279 RockyRacoon
RockyRacoon's picture

The German Hun-lady was a waste of time and bandwidth.  "So, you advocate a gold standard?"   No, mud-for-brains, he didn't say that.  Pay attention.

Thu, 08/19/2010 - 16:19 | 531253 theone
theone's picture

I'm not a absolutely sure but I think that we just got a confirmation of the Hindenberg Omen today.

Thu, 08/19/2010 - 16:47 | 531338 Waterman Jim
Waterman Jim's picture

Maybe, but do we really need an omen to tell us we have a 25% chance of going up in flames?




Thu, 08/19/2010 - 16:31 | 531274 MichiganMilitiaMan
MichiganMilitiaMan's picture

I love it: CNBC hack While interrupting, "You've covered alot of history, 200 years ,very quickly, thank you for that" (smug expression).  Now I get it, worrying about history is sooooo 2007-2008.

Thu, 08/19/2010 - 16:32 | 531286 RockyRacoon
RockyRacoon's picture

Reminds me of the Airplane scene:

Steve McCroskey: Jacobs, I want to know absolutely everything that's happened up till now.
Jacobs: Well, let's see. First the earth cooled. And then the dinosaurs came, but they got too big and fat, so they all died and they turned into oil. And then the Arabs came and they bought Mercedes Benzes. And Prince Charles started wearing all of Lady Di's clothes. I couldn't believe it.

Thu, 08/19/2010 - 16:41 | 531315 MichiganMilitiaMan
MichiganMilitiaMan's picture

Your right!  Anyone who would take CNBC seriously would not have the attention span for a short history lesson.

Thu, 08/19/2010 - 17:13 | 531397 RichardENixon
RichardENixon's picture

Do you like gladiator movies?

Thu, 08/19/2010 - 16:37 | 531304 Paul Bogdanich
Paul Bogdanich's picture

It's unfortunate that when anyone tries to talk fundamentals they always get baited away with questions about investments.  That's the basic problem here.  If hedge funds and all other pool investors were forced to invest 10% pof their capital a year for five years in a row into new business creation that would slove it.  Put some of that brainpower to constructive use.  Waht do you want to do?  Make the roads double as solar pannels?   Huge market if you can solve the technical problems.  Solve the power storage problem?  Huge market and so on.  As it is nobody is developing anything becasue they are too busy "investing" or more properly gambling.  That's our basic problem.  

Thu, 08/19/2010 - 19:37 | 531693 Snidley Whipsnae
Snidley Whipsnae's picture

slove waht?

Thu, 08/19/2010 - 16:37 | 531306 godfader
godfader's picture

" papermoney has lost its value"

haha Hilarious. Why listen to a guy who is peddling gold bars?

Thu, 08/19/2010 - 16:47 | 531339 RockyRacoon
RockyRacoon's picture

Who do YOU listen to?  Some fella named Cramer?

Thu, 08/19/2010 - 16:41 | 531318 spartan117
spartan117's picture

Not eating for a while after oveating is not the issue.

Trying to pay the bill after ordering all that food is the problem.  Not eating for awhile isn't going to pay off the tab, you moron.

Thu, 08/19/2010 - 16:59 | 531359 ShowMeTheTime
ShowMeTheTime's picture

That is a fascinating video...what a doofus the dude is with "how about we just shed a few pounds, like a diet"

Denial buddy, not just a river in Egypt.

I have one to show you guys on how people think as well.  I run a trend anaytics program called the Internet Time Machine that looks at what people are talking about from around the world.  Inflation is still monster, with deflation talk missing.

I will give all people reading this far down on the comments access to see what I mean....


1. Go to (sorry, have to put an email in)

2. Login with test10 and password test1010 as a test account with full access...

3. Click on software button.  

4. Go to right side there the filter button is and type in "inflation" and hit "core trends" and look at the conversations going on...

5. Now, repeat step #4 and put in "deflation" and hit the core trends button again...





Long Live Zero Hedge.


Save some spam and gatorade in the bunker for me.

Thu, 08/19/2010 - 17:00 | 531371 romanko
romanko's picture

spam - check!

what's the shelf-life of gaterade?

Thu, 08/19/2010 - 17:59 | 531515 IQ 145
IQ 145's picture

 very impressive. thank you. what an excellent business concept. I hope you are successful.

Fri, 08/20/2010 - 02:11 | 532220 TraderTimm
TraderTimm's picture

Just for kicks, here's some results from google:

Basic search results:

deflation 17,700,000 results

inflation 38,200,000 results

Google trends:

Long term, inflation is more actively trending according to the graphs. Interesting stuff.


Thu, 08/19/2010 - 17:30 | 531453 huggy_in_london
huggy_in_london's picture

I wouldn't necessarily be so sure that bonds are in bubble territory and even if they are that need not stop them rallying further.  You may be right, i don't pretend to know with certainty.  We are talking about a deleveraging of the last 15 years or more of excess credit creation.  All bond buyers are saying is that it's likely that this deleveraging won't occur in a small period of time and in fact, it will take a long period of no growth, high unemployment, and lower living standards to return to some form of health.  

If you are actually right on your "the world is doomed" scenario then the first order effect IS for a deflation and the bond market to rally.  The hyper inflation scenario ONLY comes about if and only if central banks print a greater amount than the deleverage AND that money actually finds its way out of reserves.  That looks like it might happen, but it is not certain.  Perhaps the fed come under resistence and are not permitted to just print money?  It's a possibility (whether or not is probable is another issue).  

But my point is don't assume bonds are in a bubble, cause that right now is not clear.  Plenty of market gurus have lost their shirts trying to short jgb's cause they were supposedly in a bubble.  And as the famous quote goes, the market can stay "irrational" for longer than most of us can stay solvent.  

Thu, 08/19/2010 - 21:52 | 531908 tom a taxpayer
tom a taxpayer's picture

Good points to think about. Thanks.

Thu, 08/19/2010 - 17:41 | 531472 woolybear1
woolybear1's picture

He said, "gold has no value", 7:28 I couldn't believe my ears. Seemed sort of flustered after that gaff. 

Thu, 08/19/2010 - 19:28 | 531682 DollarMenu
DollarMenu's picture

Yes, he did.  But, upon reflection, he is right - gold has no value beyond itself.  An oz of gold is an oz of gold.  It is the fiat currencies that do a frantic dance around it, that try to impart a 'value' to it via their gyrations.

All the dancing brings the speculator/investors looking for the skim and making all the chatter.

Gold just sits there, ready to go home with the highest bidder.

Thu, 08/19/2010 - 18:16 | 531531 Pillage
Pillage's picture

@ 5:00 on the two alternatives

1. Austerity measures that will lead to a deflationary collapse with banks collapsing as no loans get paid


2. Ben prints money


The Ben prints money was nice for a dead cat bounce from March '09 now it's time to DO OUR PATRIOTIC DUTY and austerity our way into a deflationary collapse......we'll talk more about Zimbabwe in chapter 3 BITCHEZ!



Thu, 08/19/2010 - 18:07 | 531535 Jones79
Jones79's picture

sylvia ist wunderbar, na klar!

Thu, 08/19/2010 - 18:52 | 531626 rhyzimmer02
rhyzimmer02's picture

strange guy but why cant the let him finish his thought process?

Helicopter Ben is coming to save us, headfake on EUR / USD to 1.12 before $ burns into oblivion


Thu, 08/19/2010 - 19:11 | 531658 Thomas
Thomas's picture

Paraphrasing: "OK. Why do we need a depression? Imagine you are some guy who ways, oh say, 1200 to 1500 lbs: Why can't we just go on a diet and drop 1000 lbs over a protracted period?

Thu, 08/19/2010 - 21:26 | 531863 Implicit simplicit
Implicit simplicit's picture

In your analogy fat is to debt

as liposuction is to debt default.

 Imagine that big sucking sound when everyone defaults on their debt at the same time.

Thu, 08/19/2010 - 19:40 | 531697 Robert J Moran
Robert J Moran's picture

what passes for a 'money honey' in Europe is terrifying.

she a premonition: the quintessential hyper-inflationary babe! oh yeah!

Passengers, we've just lost cabin pressure.You guys know that Apocalypse does not mean end of the world or major battle between good and evil... right?

It just means to reveal.

like revealing of the hidden.

It goes with the whole 2012, new age, raising of consciousness, spiritual enlightenment, we know the feds screwing us and were going to be sex slaves to reptilian aliens,... thing.

Sex slaves to reptilians? You wish.World's Worst Rug v Spit Curl ?

World's Worst Rug v Spit Curl ?

I'm not a absolutely sure but I think that we just got a confirmation of the Hindenberg Omen today.

Maybe, but do we really need an omen to tell us we have a 25% chance of going up in flame

...OK!  This has HAD to be one of the funniest threads on ZH to date!  "she's a premonition"!  FUNNY!  In the future, when I'm working the night shift at a robotic Suncor plant in northern Alberta, I'll fondly recall moments like this... ZH rocks!


Thu, 08/19/2010 - 22:01 | 531939 tom a taxpayer
tom a taxpayer's picture


"Workin on mysteries without any clues

Working on our night moves"

Bob Seger


Fri, 08/20/2010 - 03:20 | 532255 zhaowei
zhaowei's picture

Ordinary is the farewell show of the arrogance of ignorance of the deep after. It is thepandora jewellery 's Day surprise for you, ordinary life, this is not a dim light is not put out the fire of life, not aloof indifference. pandora bracelets is an extraordinary kaleidoscope of each, left for each ordinary fresh, the sun lights up for each ordinary world of a bright. It is composed of countless ordinary days of our life colorful is composed of numerous days of this magnificent world. pandoraallows you to become a stage of life the pursuit of that thrilling scene at the same time,

Fri, 08/20/2010 - 05:49 | 532315 doggings
doggings's picture

somebody ban this fucking spammer ASAP.

this is pure SEO linkspam.

MODS!! is there such a thing here?  you'll be over-run with this shit if you dont sort it out.


Fri, 08/20/2010 - 07:02 | 532334 truont
truont's picture

I hear ya dood.

emale abuse [ at ] zerohedge [ dot ] com,

because the "junk" flags after the posts have been so repeatedly abused, that ZH mods ignore them.

How ironic...ZH will not be stopped by the black helicopters, or men in black, or special forces....

ZH will be stopped by eager Chinese capitalist spammers, overrunning the servers.

ZH...done in by capitalism???

(stay tuned!)

Fri, 08/20/2010 - 03:24 | 532273 zhaowei
zhaowei's picture

Go when he was blown down in the taxi , my friend pandorasaid, smiling ? he can't concern you. i asked, and you think of him? she said, very handsome, and he said, feeling a bit embarrassed. and he gave my favorite pandora bracelets and then received his letter ? good night, and dream about. every time i came home, the stale is the air was saturated pandora jewelrywith mud, "the fragrant?There is the sea salt wet, in the city,

Fri, 08/20/2010 - 09:37 | 532557 mianne
mianne's picture

Gold is not the solution . The present financial situation seems to evolve exactly as in the thirties . When  the American government suddenly decide to confiscate all the gold detained by the American citizens, as Roosevelt  did in the thirties to prevent the country from bailing out, all the gold buyers will lose everything  . Nobody seems to remember 

The Gold Confiscation Of April 5, 1933 From: President of the United States Franklin Delano Roosevelt
To: The United States Congress
Dated: 5 April, 1933
Presidential Executive Order 6102

The financial situation of the country is much the same . Beware of the gold confiscation act !

Sat, 10/02/2010 - 06:24 | 620564 Herry12
Herry12's picture

There are certainly a lot of details like that to take into consideration.I read and understand the entire article and I really enjoyed it to be honest.
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