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12/14/10

James Turk, winner of this week's coveted award

Rod: This is what I'm gonna do for you: God bless you, Jerry. But this is what you gonna do for me, Jerry?
Jerry: Yeah, what can I do for you, Rod? You just tell me what can I do for you?
Rod: It's something very personal, a very important thing. Hell! It's a family motto. Are you ready Jerry? I wanna make sure you're ready, brother. Here it is: Show me the money. Show! Me! The! Money! Jerry, it is such a pleasure to say that! Say it with me one time, Jerry.
Jerry: Show you the money.
Rod: No, no. You can do better than that! I want you to say it brother with meaning! Hey, I got Bob Sugar on the other line I bet you he can say it!
Jerry: Yeah, yeah, no, no, no. Show you the money.
Rod: No! Not show you! Show me the money!
Jerry: Show me the money!
Rod: Yeah! Louder!
Jerry: Show me the money!
Rod: I need to feel you Jerry!
Jerry: Show me the money! Show me the money!
Rod: I love black people.
Jerry: I love black people!
Rod: Who's your motherfucker, Jerry?
Jerry: You're my motherfucker! Show me the money!
Rod: Uh! Congratulations, you're still my agent.
Jerry Maguire, 1996
I got sent this link today by reader PR, a new December 14th article by James Turk entitled "U.S. Dollar hyperinflation watch continues" and my heart sinks. knowing that some mash-up of words and phrases including "Weimar", "Zimbabwe", "fiat", "banana republic" and "destruction" is on the menu, but I click through anyway. However, I wasn't expecting a bare-face bullshit lie to hit me in the face in Turk's first sentence of his first paragraph:

"For several months I have been warning that hyperinflation of the U.S. dollar is looming."

Months? MONTHS??? Jeesh, what a charlatan this man is, he's been on about it for years!

Example one, March 28 2006 "The Fed and M3- Hiding the truth about inflation".

Example two, June 12 2007 "Controlling inflationary expectations"

Example three, April 28 2008 "Inflation fears and food shortages"

Example three, May 26 2008 (that goes straight for the jugular) "Weimar inflation in America"

I could go on and on all day, there are so many examples. So come on James, show me the inflation...SHOW ME!

The man is wrong. Get it? Wrong, wrong, wrong, wrong, wrong. Not only that but today he showed himself to be a plain straight morally bankrupt liar. Months? I can't get over the chutzpah.....

There are sound reasons to own gold, but Turk doesn't have a freakin' clue about what they are and that's obvious. He's nothing more than yet another dumbass gringo that doesn't have the first inkling about what hyperinflation is...but it sure is a cool word to stick in your polemic, isn't it?  His relentless pounding on irrational and 100% wrong fear fear fear! and we're all gonna die just to sell his goldmoney product is  vomitworthy. So do us all a favour Turk, stick your seventeen-times-failed Mises-based claptrap where the sun doesn't shine and