We talked to returning guest Dmitry Orlov this week on the radio program to update us on where he sees us on route to collapse in similar fashion to the former Soviet Union. He has a unique outlook because he lived through the Soviet breakdown and his mind is not clouded by the American propaganda.

Roger Wiegand gives his take from the charts at the end of last week and gives technical analysis and opinion on what might be in store. I take information from what Roger writes on a weekly basis. Read below what Roger has to say.

Ian’s Thoughts on the Inflation/Deflation Debate & Interest Rates

Jay:  Yes, there is nobody else to step in. The Japanese are there to an extent, but they also are not that eager anymore, because they have their own needs for the savings and their own aging population and so forth, right?

Ian:  Well, exactly, exactly. And you have got this ocean of debt out there, and ultimately that debt either has to be repaid or defaulted on. 

Ian on the Confiscation of Gold

Jay:  Yeah. So there is that issue, there is always that issue, and fear of confiscation of gold again. Do you have any thoughts on that issue?

I have seen small signs of hope that the rapped movement of our government toward more socialism is resulting in more people waking up to what they are up to. Congressman Ron Paul tell of the hope that Congress will wake up to the fact that Fannie Mae and Freddie Mac are bankrupt. But will the reform be any better? Ron Paul explains below.

There are many reasons I think we are on the verge of a major decline in equity prices, including the fact that September is usually one of the worst performing months of the year. But at the top of my list in terms of guidance along these lines is the work of Dr. Robert McHugh in his excellent daily newsletter titled, “Technical Indicator Index.”  

As Richard Russell and many other experienced market analysts have pointed out, the job of the bear during a bear market is to entice as many people as possible into his nice warm den in preparation for his next meal. Hence, markets do not head straight down. 

In my view, the key to the whole inflation/deflation debate has not to do with how much money is being pumped into the banking system but rather it is changing the psychology of the American people into parting with their money more quickly during a time when saving rather than spending seems like the only prudent path to take for mere survival.  

Professor Burton Folsom Jr. sets the record straight about FDR’s “New Deal.” Propaganda from our-state owned educational system has brainwashed us into thinking that President Roosevelt’s big spending programs were responsible for pulling the U.S. out of the Great Depression. 

Earlier this week, when Dr. Robert McHugh noted that we have now gotten our official Hinderburg Omen, our IDW intensity measure dropped to the lowest possible reading of negative 3. The reading at the end of this week for our IDW was 131.21. That compared with an all time high of 146.57 on May 30, 2008 and a low of 93.64 on March 6, 2009.