Posted on 04/07/2009 10:04:35 AM PDT by The Conservative Yogini
Argentinean economist on the current meltdown. He offers Argentina as an example of hyperinflation and we too can expect. Argentina has gone through THREE of these financial meltdowns.
His advice? Get your money OUT now while you still can. Buy gold, buy silver. Buy anything. Stock up on food.
Continue to watch American Idol and ignore at your own peril.
(Excerpt) Read more at thegadflyblog.com ...
Argentina is where we will be in a few years. Not good.
And when they make the illegals citizens, half of us won't know any better.
Coming from an Argentine, I would take him at his word. I was in Argentina for about 3 months in the early 80s during the runup to the Falklands War. Gral. Galtieri was the President at the time and the inflation rate was something like 11,000%/month.
Goods and commodities cost thousands of pesos. I recall being at the post office there and sending a package (not large) back to the US. My postage was over 1 million pesos. When I finally left there just after the shooting started between the Argentines and the Brits, I still had nearly one-half million pesos worth about $40 - $50. I still have that money because the US froze their currency and I was unable to exchange it when I cleared customs in Miami.
Shortly after that, Argentina restructured and reissued their currency, permanently making the currency I have completely worthless.
The Obamoron is devaluing our currency by spending money we don’t have and robbing our children and grandchildren of their futures. Imagine a time when a loaf of bread will cost your kids $15 - $20 and a gallon of gas could run $30 or more. This is what the Obamoron’s free spending is doing.
You nailed it. We are about to see hyperinflation like this generation has NEVER seen.
Money has to start moving first.
A US treasury bond dislocation will be the BIG signal.
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