Today
40-year veteran, Robert Fitzwilson, wrote the following piece
exclusively for King World News. Fitzwilson, who is founder of The
Portola Group, warns, “A call went out
this week for printing $30 trillion! Why stop there? We have over $200
trillion of unfunded obligations, and the pile grows every year with
unending deficits. They won't stop. They can't stop.” Below is Fitzwilson’s piece which discusses the approaching end game, and how to benefit from it.
Below is Fitzwilson’s exclusive piece for KWN:
“Proponents of the view
that we are in no danger of inflation, let alone hyperinflation,
frequently point to the chart below. We believe that the chart is
reflecting economic desperation, not proof that we should be unconcerned
about inflation.
From a practical
standpoint, our view of the velocity of money is the value of goods and
services recorded in a time period divided by the money in the system.
There are various velocities of money that can be calculated depending
upon the measure of money being used so it is a bit of a hazy concept
from which to begin.