Christine Lagarde Warns of Lord Voldemort, Hopes to Put Deflation Ogre in a Bottle

By: Mike Shedlock | Thu, Jan 16, 2014
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Christine Lagarde Warns of Lord Voldemort, Hopes to Put Deflation Ogre in a Bottle

Please consider Christine Lagarde warns of growing threat of deflation.

"With inflation running below many central banks' targets, we see rising risks of deflation, which could prove disastrous for the recovery," said Ms Lagarde, in a speech at the National Press Club in Washington. "If inflation is the genie, then deflation is the ogre that must be fought decisively."

With central bankers afraid even to mention the word "deflation", Ms Lagarde's remarks make her the first high-profile policy maker to give warning that extremely low inflation in rich countries could result in the kind of falling prices that have dogged Japan's economy for two decades.

Ms Lagarde's comments were echoed by Charles Evans, president of the Chicago Fed. "The recent news on inflation has not been good," he said in a speech on Wednesday. "Inflation is too low and is running well below the FOMC's 2 per cent target."

Time to Unbottle the Inflation Genie

Clearly Lagarde wants to unbottle the inflation genie. How do I know the inflation genie is in a bottle? Well the ECB told us so in December of 2005.

Here is proof the monster was captured:

ECB video

The above images is from a self-serving ECB video that attempts to brainwash school kids and teachers about ECB definition of "price stability".

The wizards' main worry now is "You-Know-Who" and "He-Who-Must-Not-Be-Named".

Lord Voldemort is on the loose

At a recent conference of economic wizards, Lagarde dares to speak the unspeakable: "Lord Voldemort is on the loose".

Charlatans or Wizards?

In reality, charlatans like Christine Lagarde and all the alleged central bank wizards would not know "price stability" if it flew up and bit off their noses.

For a thorough trashing of the propaganda spouted by the central bank wizards, please see Money as Communication: A Purposely "Non-Educational" Fallacious Video by the Atlanta Fed

Looking for Real Economic Wizards?

I am pleased to again mention that John Hussman is a speaker and host of the second annual Wine Country Conference will be held May 1st & 2nd, 2014.

We have an exciting lineup of speakers for this year's conference.

In addition, we expect confirmation from a number of other highly respected fund managers and speakers. This year's event is two days and will include additional "break-out" groups.

For speaker bios, please check out Wine Country Conference Speakers.

This Year's Cause: Autism

$100,000 of the money raised last year came from a generous matching grant from the John P. Hussman Foundation.

Some of us in the industry who have done well are making an effort to make a difference. John Hussman is at the very top of that list.

One of John's kids has severe autism. This year, all net proceeds will go to support autism programs.

Conference Details

For further details about the 2014 conference, please see Wine Country Conference May 1st & 2nd, 2014

Nothing Like It!

This event is not just another "come and hear someone talk" kind of thing. Attendees and their significant others can expect an educational, fun, and relaxed time.

Last conference, we arranged wine tours. They were a big hit. We will do so again. One of the wine estates we visited had a Bocce Ball court. On a couple of miracle shots, I won both games I played.

Stay an extra day and golf or travel. I did. The conference hotel is a fun place in and of itself.

Unlike many other conferences, you will have easy access to speakers.

Want to chat with me, Steen, John, or anyone else at the conference? You will have an easy chance.

Not only do we have an excellent lineup of speakers, you will have an opportunity to meet with them, have intimate discussions on important investment topics, with a lot of fun on the side, including wine tours and great wine.

There's nothing like it in the investment business. And your money goes to a great cause! What can be better?



Mike Shedlock

Author: Mike Shedlock

Mike Shedlock / Mish
Mish Talk

Mike Shedlock

Michael "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Visit to learn more about wealth management for investors seeking strong performance with low volatility.

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