How Hyperinflation Will Happen
Capital of Nasty, an Electronic Magazine - ISSN 1482-0471
Tuesday, August 24, 2010 at 19:00 (4250/10)
In this post, Gonzalo Lira explains how hyperinflation will happen. "One day -- when nothing much is going on in the markets, but general nervousness is running like a low-grade fever (as has been the case for a while now) -- there will be a commodities burp: a slight but sudden rise in the price of a necessary commodity, such as oil," he points out.
Gonzalo proceeds to describe the disturbing future that awaits the general public -- one of misery, starvation, of extreme poverty.
Yet, he remains optimistic, because hyperinflation will eventually end: "America won't end up like in some post'Apocalyptic, Mad Max: Beyond Thuderdome industrial wasteland/playground. Admittedly, that would be cool, but it's not gonna happen -- that's just survivalist daydreams". Not only, a hyperinflationist catastrophe might in the long run be better for the health of the U.S. economy and the morale of the American people, as opposed to a long drawn-out stagnation.
With secret talks by government officials taking place over critical future energy supplies, could we be at the breaking point?
Please enter your comment below. Hit Return twice (leaving a completely blank line) between paragraphs.
Use [b] for bold [/b] and [i] for italic [/i]. All other HTML commands will be stripped.
Your comment is (almost) immediately placed online as soon as you hit 'Post'.
Specifying an email address is optional. In the interests of your own privacy, CoN discourages you from doing so. Further, think twice about revealing any other personal information including telephone number, real name, exact address or blood type.