Heeding Warning Signs

It was a picture-perfect afternoon in Fort Myers, Florida. Jo, Holly, my son Drew, a couple of his college baseball teammates and I decided to take our brand-new boat for a spin in the Gulf.

I passed my Coast Guard course and was full of confidence. We barreled toward the markers at the entrance of the Caloosahatchee River and I noticed a lot of people waving at us. I smiled and waved back.

BOOM! We ran aground. Jo was folding towels at the stern and went flying past me. Her face hit the cabin door, teeth were flying and she fell inside. I was terrified.

The Coast Guard picked up the girls in a small rubber boat. Jo headed to the hospital. A lot of pain and four implants later, her smile is intact.

We had an unusually low tide. The people who were waving were not smiling, they were warning us and I didn’t realize it. Around midnight, the tide came in and the boys were able to push us to deeper water. One engine worked and we limped into the dock. I shuddered as I typed and relived the incident.

Some Big Boys are frowning and waving their arms!

Shortly after finishing our recent interview with Chuck Butler about inflation, Zerohedge reports, “Bank of America (BofA) Hints That Weimar 2.0 Could Be Coming”:

“It’s no secret that BofA’s Chief Investment Officer has been warning that 2021…is one where real inflation will run amok sooner or later,…he repeats…how events will play out in the coming months, namely ‘the velocity of people will rise’ and ‘the velocity of money will (also) rise’.

…. BofA…expects…2021 to engender rise in velocity of money, with the ‘inflation mutating’ from Wall Street to Main Street, resulting in a pop in the nihilistic bubble.

And here is the punchline: BofA reflects back on the post-WW1 Germany as the ‘most epic, extreme analog of surging velocity and inflation following the end of war psychology, pent-up savings, lost confidence in currency & authorities’ and specifically the Reichsbank’s monetization of debt, similar of course to what is going on now.

There is, of course, another name for that period: Weimar Germany, and…it is understandable why BofA does not want to mention that particular name.”

Shortly thereafter Zerohedge adds, “Michael Burry Warns Weimar Hyperinflation Is Coming”.

“One day after the Weimar tweetstorm below,…Burry tweeted the following:

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