"Booming stock markets and weak currencies" signal future hyperinflation - Wealth Managers

"Despite the recent weakness in the metals, I wouldn't be surprised to see new highs in 2013," Matterhorn exec Egon von Greyerz says

Stock markets worldwide are booming, but these booming markets have nothing to do with economic prospects. Prospects in the world are worse than ever, and this includes the US, Europe, Japan and China. None of these countries have a booming economy. What they have is massive debt and accelerating deficits. ...

As we know, government debt in Japan is 200% of GDP which is the highest in the world. Total debt in Japan is around 500% of GDP and it's accelerating. The Japanese bond market is also a disaster and will only get worse. Eventually Japanese bonds will become worthless. ...

What we are seeing here with the booming stock markets and weak currencies is a clear sign of the hyperinflation that is guaranteed to come. The booming stock market is the first sign of hyperinflation. That is always the case.

As the currency continues to fall, inflation in the economy will only increase. So starts the vicious circle of falling bond prices and currencies, leading to a hyperinflationary depression. It looks like Japan will be the first to encounter this, but many will follow.  

The US stock market is also booming due to printed money. It has nothing to do with the economic prospects in the US whatsoever. The US deficit is continuing to increase and the debt is looking like it will increase by $1.5 trillion. The dollar is temporarily stronger, only because other currencies are weaker. ...

Despite the recent weakness in the metals, I wouldn't be surprised to see new highs in 2013.  What investors need to focus on is the fact that hyperinflation is coming. This is becoming clearer and clearer by the day. So they must own physical gold and silver and store it outside of the banking system.

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