I don’t think we are there yet. Rising inflation maybe, but not hyper. Anyway, this will almost certainly be a world wide phenomena and will likely usher in a new world currency or something. The US is not alone in its irresponsible behavior.
The US is not alone in its irresponsible behavior.
You have just summarized inflation in two words,
Inflation and Depression are two forms of the same thing: impoverishment. Either a nation prints a lot of money and distributes among the whining, irresponsible, unproductive people, whereby it is worthless, or there are just a lot of whining, irresponsible, unproductive people having no money.
Johnny Suntrade
God, economists are ignorant.
When one hears all this talk of a “meltdown of the dollar”, the question must be asked;
Against what? The Yuan? The Euro? The Yen?
There is nothing else that can serve as an international reserve currency.