A famous veteran gold bug, who called the Crash of 2008, is now calling for sudden hyperinflation. But he warns he may not be around to comment on it.
My headline paraphrases Shakespeare’s most famous stage direction (from The Winter’s Tale). But I’ve added a query, because Harry Schultz says that, after closing his International Harry Schultz Letter [IHSL] at the end of the year, he will write regular “Big Picture Editorials” to be included with the Aden Forecast, which will take over his subscription obligations, “for as long as my health allows.” He’s 87.
Schultz describes this scenario as “a genuine risk” and comments:
“Hyperinflation can be triggered in several other ways. Trustfailure (my new word) is the controlling element, which triggers Fearflation (another new word). E.g., a Comex gold delivery default or a major Too-Big-To-Fail bank failure or a self-propelling domino bank-run are all possible triggers. A bond market implosion will result from any of the above, even if it isn’t itself the trigger.”
Source: marketwatch.com
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