Friday, May 29, 2015

Credit Hyperinflation

I have a $2 trillion Zimbabwe dollar.  It is only good for something no one else wants.  That is what hyperinflation looks like.  What does credit hyperinflation look like?  Huge numbers for something no one else wants:
Charter Communications’ offer to buy the much larger Time Warner Cable for a red-hot $78.7 billion comes on top of its previously announced but now amended deal to buy Bright House Networks for $10.4 billion. But that deal suddenly requires an additional $2 billion in debt, as Charter disclosed in an SEC filing. In order to pull both deals off, Charter would likely have to issue over $25 billion in new debt.
Charter has already lined up some of its ducks in a row. This is the greatest credit bubble in history, and money for deals is sloshing through the system in utter abundance. According toBloomberg, Bank of America, Credit Suisse, Goldman Sachs, and UBS have committed to provide $31 billion to fund the purchase
No one wants US college education, so it is supported by Zimbabwe credit, or in other words, without the EZ Credit (a trillion and counting in unbankruptable debt) education would not be so big...  cars that cannot sell without EZ Subprime credit are selling like hotcakes with Zimbawe credit...  stocks at fraudulent valuations are being bid up by forced purchase pension plans, more zimbabwe credit.  All the people managing this and the dotcom/medical/banking false economy are all agreeing to prices on homes that they would not offer without Zimbabwe credit.

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