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To: circlecity
I was think more like Zimbabwe.


19 posted on 07/15/2015 1:16:08 PM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: Kartographer

Several things could make us Zimbabwe.

One is the US dollar not being the world reserve currency. BRICS nations are working hard on that front. Detach the Dollar from the price of oil, or kill the petro-dollar, and all those dollars come home.

Raise interest rates and we will have to print dollars just to pay the interest on our debt, if we are not already, but it will spiral out of control.

And somewhere between 100 and 200 trillion dollars will be needed for our goodies, like medicaid, medicare and Social Security, which are unfunded liabilities, and again the printing presses spin up even faster.

I am afraid outside some economic miracle, we are in for hyper inflation at some point soon. And it will come ‘like a thief in the night’...

Buy gold, silver, bitcoin, or barrels of oil, or something, but dump your dollars while they still have value, for something that still will.


24 posted on 07/15/2015 1:51:12 PM PDT by Wildbill22 (They have us surrounded again, the poor bastards- Gen Creighton Williams Abrams)
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