Replies

It’s simple.
Hyperinflation.

We are headed in that general direction, but nobody knows when.

The government cannot simply keep on printing up money, but they almost have no other choice now. This has happened throughout history and now all checks and balances have been removed since the dollar is a fiat currency.

So they will print money, thereby diluting the value of the currency - in effect, robbing all who hold anything of value, but especially banknotes.

Prices will rise dramatically, but so will incomes - at some point your big mortgage and debts will be at about the price of a loaf of bread.

The problem usually is that during a severe hyperinflationary crisis such as that, or the one that occurred in Weimar Germany, property often becomes worthless too as the tax thieves begin to steal the property of anyone who has property.

During the hyperinflation in Weimar Germany, property taxes and wealth taxes went up so drastically (theft by government) that landlords would often just hand over the keys to tenants to escape it.

Obama has already done this to GM and Chrysler bondholders... stolen their property and turned it over to the Autoworkers unions. Something that heretofore had only occurred under Communism.

The next grand theft just happend at MF Global, where nobody has yet gone to prison, yet peoples’ private property was stolen - to the benefit of the big crooks at JP Morgan. People had gold bars with serial numbers in storage there, and these bars were looted to pay off Corzine’s gambling debts. This is as if you had a car in paid storage at the neighbor’s garage, and when he went bankrupt, they took your car when he defaulted on his garage loan. MF Global was a commodities broker holding customer property, but the bankruptcy papers were fraudulently filed as if it were a brokerage house - hardly a mistake, since JP Morgan made sure that this fraud took place - thereby stealing the property of the little guys who should have been protected, and making sure the JP Morgan did not lose a fortune.

The system is broken, and badly so.
This will end in war as it always does.
The next t