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?
|Space Elevators: "totally feasible and a really smart idea."|
|"The Internet of Things is going to be a security and privacy disaster."|
|True Artificial Intelligence Will Change Everything|
|"I resisted the Poltergeist-like temptation to turn the television on as well": Hacking a 'Smart Home'|
|The Messagging Battles Begin|
|Japanese Create Ice Cream That Does Not Melt|
|Amateur-Built Electric Car Going After Record Set by Tesla|
|“Banning polluting cars in 2040 or 2050 doesn’t actually look like a very bold move.”|
|Making a Movie Inside a Video Game|
|“This conversation about how technology is hijacking people is really catching on.”|
|Google Map Shows You the Most Photographed Areas of the World|
|“Our Internet handlers, not government, are using operant conditioning to modify our behaviour today.”|
|“Human and animal cells can be 3D printed into high-resolution tissue.”|
|“The shift from fuel and pistons to batteries and electric motors is unlikely to take that long.”|
|“During this phase of decline, the US was likely to go through a phase of reactionary 'fascism'.”|
|“Nobody is forcing the participants to stay, of course, but if they leave, they won’t be paid.”|
|“That science fiction future where robots can do what people and animals do may be closer than you think.”|