Hyperinflation Nation starring Peter Schiff, Ron Paul, Jim Rogers, Tom Woods, Gerald Celente, and others. Prepare now before the US dollar is worthless
More videos here: http://www.youtube.com/user/InflationUS
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
"Very little is written about what will happen when all the dollars, built up as foreign central bank and private holdings, get spent. Indeed, we believe that not only will the dollars get spent, but this spending will have massive inflationary implications for America." —Richard Benson
"The Greek offer is not sufficient and they have to go away to come up with a revised plan," said a spokesman for the German Finance Ministry. The Greeks must first have a plan that satisfies the Germans which this comment states they clearly don't yet and then the Greek Parliament will vote on it this weekend. This said, whatever package gets voted on in Greece is basically an up or down vote on euro membership so we are entering another uncertain weekend for global markets. A failed vote will likely lead to a hard default which may be what...
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June 29th, 2009 at 9:54 am
These are some very smart people making what is the easiest call in the world: inflation/hyperinflation. And if for no other reason than that it will most likely confuse us all and be wrong.
June 29th, 2009 at 10:30 am
ben22,
Those “smart people” made an easy call about our collapsing economy for years, and that didn’t necessarily make them wrong. I don’t see why stating the obvious makes it unlikely that it will happen.
June 29th, 2009 at 9:46 pm
inflation will only happen through monetary policy, while deflation is currently happening in the real economy. Predicting inflation is like saying when will helicopter ben up the ante in buying t-bills. Deflation is watching the jobs shrink and wages shrink along with them. How can less job and lower wages lead to inflation? It can’t. Just wait – when inflation starts, which it might, we will know it. China will scream even louder than they are now. It isn’t happening yet.
BTW – if the inflation rate is 2% annually does anyone realize how long it will take to double? We as a country don’t understand the nature of compounding.
June 29th, 2009 at 11:20 pm
I’m not that smart but I don’t mind calling for lots of inflation. Hey maybe it’ll come true now…