[blam]

How Hyperinflation Will Happen

[Zakeet]

For what it is worth, current U.S. indicators (i.e. deficit as a percent of total government expenditures, government debt as a percent of GDP, etc) are worse than the same indicators were for the Weimar Republic in 1923, and in Argentina, Brazil and Bolivia in the mid-1980's.

Also for what it is worth, the 18-month "grace" period between the time the government ruins its currency and a hyperinflationary panic begins as cited in the article can be somewhat longer. For example, in the case of the Weimar Republic, the lag time was about 24 months.

Finally, our financial goose is cooked to the point where issues such as ObamaCare, fat civil service pensions, and runaway entitlements (Social Security, Medicare and Medicare) are moot. We cannot afford them, and they will therefore not happen - at least in any form recognizable to anyone reading this post.

[tutstar]

bump

[blam]

Warning Global Fiat Currency Financial System Collapse By Early 2011

[Moonman62]

The best hedge still exists in gold and silver,

You don't need either. Anyone with the ability to borrow money during hyperinflation can make a fortune buying almost any asset. During Germany's hyperinflation a person could buy a bottle of wine, drink it and return the empty for more money than the wine was purchased for the previous day.

[LanaTurnerOverdrive]

mark