Monday, August 24, 2015
Black Monday & The Final Bullet: The Fed Will Hyperinflate — Andy Hoffman
It’s Black Monday, August 24, 2015: Andy Hoffman from Miles Franklin joins us to recap the 1,000+ plummet in the DOW at the market open and the “sheer horror” of what is to come.
Andy breaks it down in this way, “This is called an overwhelming supply of sell orders at the open as people are terrified for their financial lives as they should be.
Because this is just the beginning. Unless they hyperinflate it (the stock market) which is very possible, look what’s going on in Venezuela, we are going to revisit the 2008-2009 lows without a question. So this is not “flash crashing”, this is terrified panic as it should be.”
Meanwhile John Williams from Shadowstats is out with the latest CPI inflation adjusted numbers for silver – and the 1980 inflation adjusted all time high for silver is now $601 per ounce. Got PHYSICAL?
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