More on August Hyperinflationary Crash

Lyndon LaRouche pointed to the Federal Reserve's money-printing announcement of Aug. 10, and simultaneous explosions of speculation in markets, as indications that the hyperinflationary crash he had forecast, had occurred. Now, after the fact, other reports are beginning to reflect it too. US junk-bond issuance for August, normally a quiet month, was $23.0 billion, for the highest August ever on record, and the seventh-largest monthly volume ever, the Wall St. Journal reported today. And Thomson-Reuters reported that this August's mergers and acquisitions, at $262 billion in announced deals and offers, were the greatest for any August since 1999.

Speculation is also setting new records in food commodity bets, given the Frankly-Dudd bill protecting it. Wheat futures in August, set a new day-trading record for number of transactions, exceeding that set in 2008. On Aug. 6, 316,053 wheat futures contracts were traded on the CBOT, surpassing by more than 50,000 contracts the prior world record set in early 2008 during the price blow-out of that time.