- Craig Hemke(aka Turd Ferguson): Economic Mayhem Coming for US!
by Greg Hunter’s USAWatchdog.com
Financial expert Craig Hemke is founder of the popular website TFMetalsReport.com. Hemke says, “We are all preparing for the end of the Keynesian experiment. We are all in the same boat. The Keynesian experiment means this idea that government can simply print money and go into greater and greater debt. Increase the money supply year over year, and we are at a point where that is in the terminal phase. . . . It’s unsustainable, and we are preparing for what’s going to happen next.” Hemke goes by the name Turd Ferguson online, but don’t let the funny name fool you. Hemke is a 25 year financial professional who managed wealth and traded securities before he started his website. Hemke says what is accelerating the coming financial calamity is the Ukraine crisis. Hemke contends, “This is simply not protecting the Kiev government. First and foremost, this is about protecting the hegemony of the U.S. dollar as world reserve currency status. Russia, and by extension, the Chinese, Indians Brazilians and the South Africans are moving toward the financial structure of the 21st century. The U.S dollar was what it was in the 20th century and here in the early years of the 21st. We are doing everything we can do to defend that. . . . The folly of this is the U.S., or the Obama Administration, falsely believes that we hold the cards in this. The Russians and their allies are the ones who really do hold all the cards because they are our creditors. Should Russia and China decide to offer an alternative world reserve currency, and at some point they will, when that happens, it’s going to be economic mayhem for the U.S and the West.” Hemke goes on to say, “We are pushing this issue in Ukraine, and we are just speeding up that process. Now, whether it’s intentional so they can create a boogie man to blame it all on, I don’t know, but we don’t hold any cards.”
When it all come crashing down, Hemke says, “I fear civil unrest. Psychologists have done studies that in the first 24 hours in some type of disaster, everybody gets along pretty well and there is hope. . . . After three days, it’s full on anarchy and that, ultimately, is the direction we are headed.” Hemke also points out, “We’ve beenable to control, if you will, inflation, but it’s not two percent like the Bureau of Labor Statistics wants you to believe. It’s really closer to about 10% in the essential items that are all dollar based. Rent, food, gasoline, health care, all that kind of stuff and people are just getting squeezed more and more. When the U.S. finally loses its reserve currency status, all these extra dollars that have been printed are going to come washing back to our shores. I don’t know if it will be hyperinflation, but it will be significant inflation. It will get to the point where people simply can’t feed their families anymore. I fear that level of civil unrest, and what comes after that, I am not certain.”