You pay for the detail, well worth the money, but here is the punch line:
– At An 18-Year Low, 2012 Real Median Household Income Was Below Levels Seen in 1968 through 1974
– 2012 Income Variance Hit Record High,Suggestive of Greater Financial and Economic Crises Ahead
– Systemic Instabilities That Led to 2008 Crisis Still Have to Be Worked Through
– Housing Starts Continued in Renewed Downturn or Stagnation
Update on his Hyperinflation Report:
– Fed Is Trapped In the End Game for the U.S. Dollar
– Panic of 2008 Still Is Playing Out
– Hyperinflation Forecast Remains in Place
muses of the moment 
GG,
Are you in the John Williams camp (hyperinflation inevitable) or the Martin Armstrong camp (U.S. hyperinflation story is rubbish)?
-Lemming
Comment by Lemming — September 25, 2013 @ 5:25 pm
I am actually in both camps.
Because I agree with Martin that there will be a two-tiered currency system (a global trading currency and a national currency) at some point, I think we will have both.
However, I am not at all sure which will happen first and which will happen second. And I am not sure if it will be before or after the “revalued” currency. So, groovygirl is not a very good predictor at all. I am preparing for both. That is one reason why I like gold/silver. It keeps its value either way.
But the bigger question for most people is the gap between wages or income and expenses. That gap can widen and is widening in either deflation or hyperinflation. It is that gap that will destroy the middle class. And that is why cashflow that can keep its purchasing power is very important.
Comment by totallygroovygirlfriday — September 25, 2013 @ 5:44 pm
The gap does not widen during deflation, since assets will fall in price.
Of course, this is assuming that you remain employed.
Therein lies the rub,
-Lemming
Comment by Lemming — September 25, 2013 @ 5:55 pm
Yes, during the depression in the 1930’s there was a huge gap between no income and food and home expenses.
Comment by totallygroovygirlfriday — September 26, 2013 @ 11:18 am