I've always wondered what will happen when LBJ's welfare state meets up with hyperinflation.
Simple: It’s time to dismantle the Fed, clamp them in irons, and go back onto the gold standard.
I've always wondered what will happen when LBJ's welfare state meets up with hyperinflation.
The actual rate of inflation is about 7% (Shadow-stats figure).
Which means a 50% devaluation in 10 years - and that’s assuming that the dollar remains the world’s reserve currency.
More likely the reserve status of the dollar will be lost (countries will trade for oil using precious metals instead). This will force an 50% to 80% devaluation of the dollar over the period of about a month.
How will the devaluation be measured?
When compared to gold and some other commodities, the actual current rate is much greater than 2%
That amounts to an inflation rate of 2%.
By the rule of 72, a compounded rate of 2% will halve the deficit in 36 years.
The Fed is organized crime that has taken over the system. They are immune from punishment because they own the government, it’s owners fund both sides to create the illusion of periodic change but they only grow government and further enslave us.
Bump for later.
Check out this Dollar Inflation Calculator and find out how much a 2011 dollar was worth in 1991, 1981, etc.
The market in gentlemen’s goods will soon be saturated with the wheel barrows it’ll require to transport those worthless dollars.
Inflation is a huge tax that robs Americans of their savings, and does a lot of harm especially when it is paired with a lousy economy. Stagflation is what we called it in the 1970’s and 1980.
They used to hang people for TREASON. (after conviction)Here’s another example of what the FED has done in the past 3 months to try and kill the Dollar! http://www.xe.com/currencycharts/?from=USD&to=CLP
'officially' i suppose we havent seen inflation, but in reality, *everything* we buy on a daily use basis has been going thru the roof for a couple years, and especially the last 6-12 months...
the budget, of which the fed doesnt need to live, is wrecked in gilbos house...
The Federal Reserve's Explicit Goal: STEAL ONE THIRD of EVERYTHING YOU OWN
There, fixed it.
Since President Nixon formally recognized the Bankruptcy of America on August 15, 1971, they have devalued our Dollar by a factor of 35. In other words it Takes 35 Federal Reserve Credits to One Silver Dollar. And it is only that low because of the shenanigans The Banking Industry has partaken in, It should be around $50 to be on Par with Gold at 35 to 1. Now that is Inflation ie THEFT.
If the true rate of inflation was known, we would see the dollar has already declined at least 33% since Comrade Osama took power.
If anything, the trend of inflation will accelerate in the future (toward hyperinflation) until our dollars are worth Weimar Republic Marks. A cautionary reminder: when buying bread, take the wheelbarrow in the store with you, lest it be stolen.
Compound this story with all the spending by the feds. Then you will see a lot more than a 2% inflation on prices.
Oh and where are all those jobs? They are going overseas. Thanks to the B.S. lie about Free Trade. All that means is we don’t charge tariffs, but countries like China does on our products.