Bernanke MUST stop any audits of the Fed as it would allow the WORLD to discover actually HOW MANY dollars are in existence. Off-balance-sheet vehicles are great until they are DISCOVERED, then all hell breaks loose. As for the people who store wealth in dollars, what would they do if they found out that there were 10, 20 or 30 TRILLION dollars more in circulation than what is now BELIEVED to be in existence? As a store of value it would be DESTROYED. This is entirely possible, or should I say PROBABLE. The US claims to have a debt-to-GDP ratio near 80%; informed investors know the liabilities are 70 to 90 trillion dollars, or almost 600%.
Don't know if he's right, but he could be....
It would be the point when Hyper-inflation and Hyper-deflation look like the same thing...
People would be arguing for years over which one it actually was, but net result is no one in the U.S., hardly, would have any real assets, unless they had precious metals, but then they better have guns to defend it...
http://www.marketoracle.co.uk/Article12596.html
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Andros could be right about hyperinflation, but don't get sucked in by him (Traderview) and invest with him. He did a bait and switch with me. He offered free portfolio analysis and actually did very little analysis. But he used it as a segway to get me into Volex (a now defunct program from Fall River Capital) which promptly lost money, not merely because the market was bad, but because he did not understand the Volex program well enough and gave bad advice about money management, leverage, and risk.
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