Name: 雲霄飛車崩潰--通縮FIRST--隱藏的金錢祕密第6集（Mike Maloney）。 (The Rollercoaster Crash - Deflation FIRST - Hidden Secrets Of Money Episode 6 (Mike Maloney))
Uploaded: 2021-01-14T10:21:54.000Z
Duration: 29 min 59 s
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I'm Mike Maloney, author of "Guide to Investing in Gold and Silver". It's the world's number-one

best-selling book on investing in precious metals.

And in my book, I said that we are on a wild rollercoaster of a ride,

and that we would first see the threat of deflation, followed by a helicopter drop,

and that would be followed by big inflation.

And that has happened. There was the 2008 crisis...

We're seeing the base money around the planet being hyper-inflated right now

while all of the credit aggregates are collapsing, and so it's sort of netting out

to zero inflation or just slightly positive inflation, even though

base money around the planet is just taking off like a rocket.

But it would then be followed by a real deflation

we've got the markets going up in the real estate bubble in 2007,

and then we had the threat of deflation, which was the 2008 market crash, and the big

helicopter drop of currency, and you are here [laughs].

And then I think that we're going into something like this,

and it'll be followed by the world central banks overreacting.

People, you know, some people say I've been calling for hyperinflation, hyperinflation, hyperinflation...

There isn't any time that I can find, in all of history,

where a population that's all on one side of the boat, when you have

what has to happen is that you go into a deflation first,

The public, in general, is on the losing side of the bet.

We are entering a period of financial crisis that is the greatest the world has ever known.

The wealth transfer that will take place during this decade

is the greatest wealth transfer in history.

Wealth is never destroyed, it is merely transferred;

and that means that on the opposite side of every crisis,

The great news is that all you have to do to turn this crisis into your great opportunity,

I believe that the best investment that you can make in your lifetime is your own education:

education on the history of money, education on finance, education on

education on how all of these guys – the central bankers, the stock market –

how they can cheat you; how they can scam you.

If you learn what is going on and how the financial world works,

you can put yourself on the correct side of this wealth transfer.

Winston Churchill once said, that the further you look into the past,

the further that you can see into the future. This program

is all about creating your own crystal ball: being able to gaze into the future;

being able to change this crisis – the greatest crisis in the history of mankind –

Well I've been traveling overseas quite a bit,

but I'm on my way home now to speak at an event in California, finally.

What I've been trying to make clear is the fact that this rollercoaster crash

that I was talking about in my book, and that I've been predicting since 2005,

One of the things I really like about speaking at live events is the chance to interact with people and sort of

get my finger on the pulse of what they're thinking.

that for a lot of people, it's difficult to grasp why I think deflation

is coming before big inflation, or even hyperinflation.

So here, I'm going to break down four of the  biggest reasons that I see deflation coming first.

The overreaction to the 2008 crisis has caused a credit / debt bubble, and all bubbles pop.

So, I talked about hyper-inflating base money. This is, this *is* hyperinflation right here.

Inflation and deflation is either an expansion or a contraction of the currency supply,

and prices follow the inflation or deflation eventually.

Now, most of this currency does not circulate. It's sitting on banks' balance sheets and what's called

You know, if you look at the years leading up

to this crisis, this red line is reserve balances.

The white line is how much of it is excess,

and here we have Alan Greenspan's response to 9/11.

Look at the scale of how big this emergency is compared to 9/11.

But what is Ben Bernanke afraid of, and now Janet Yellen has inherited this legacy?

Well, one of the things that happened in the 2008 crisis is that banks

froze up and wouldn't lend to each other. They were all scared to lend to each other,

that at the end of each day, they all have to be able to borrow

digits from each other that were created from nothing

just to keep the whole smoke-and-mirrors game going. They all have to do this interbank lending

Well, if one bank won't lend to another and they don't have any reserves, the whole system freezes up.

Now, if you've got all these excess reserves that are on their balance sheet

and you pay them interest to keep the reserves there and not

use this as a basis of fractional reserve lending,

they're going to be liquid. This basically prevents

bank runs *by* banks *on* banks. It's not a public bank run with the

It's a bank run where one bank is trying to

get their currency out of another or won't lend to another,

and so this keeps things liquid. Right now, what this has done though,

the banks get to use this stuff in the middle of the day.

And so, you see the use of margin in the stock market going to record levels.

You see the stock market going to record levels. Things like – I follow collector cars –

they've been going astronomical. The number of 10-million-dollar cars out there now

is just absolutely insane. And there are cars now selling for *30* million dollars.

Wine collections, art – it's all going ballistic at this point.

This is the average price of a new home divided by the median annual household income.

Normally, 3, 4 times your income is about what you can afford with a house.

When you drop interest rates, the affordability goes up, so people pay more for a house.

But interest rates don't stay in one spot forever; they *have* to revert some time or another,

and all these people are going to be trapped. Every bubble pops; that's a bubble.

We are in for something big again, and this time it's going to be more horrific than the

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雲霄飛車崩潰--通縮FIRST--隱藏的金錢祕密第6集（Mike Maloney）。 (The Rollercoaster Crash - Deflation FIRST - Hidden Secrets Of Money Episode 6 (Mike Maloney))

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