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Germany was a ruined country
Germany was a ruined country at the time while America wheels a tremondous amount of power. American production is also much higher. Our currency will continue to lose value and inflation will continue to average around 15 percent and will only gradually increase because of these facts.
Does anybody
know of anyone who writes articles such as these who isn't in the business of selling gold? My husband is somewhat skeptical of what the article linked talks about...thanks.
I've yet to come across any
I've yet to come across any :-) However, a good book to read is Peter Schiff's Crash Proof. Although he does own an investment firm, www.europac.net, the points he puts forth in his book are quite logical and based on readily available economic data. He thinks the route of hyperinflation is what will occur as well, but he doesn't espouse it occurring any time in the near future. He's also one of Ron Paul's economic advisors so that carries quite a bit of clout in my book.
NEO, you have to see
NEO,
you have to see this... gas up over 300% in 5 years. food up over 30%..
I think hyperinflation is anything over 20% and yes this is happening in only certain areas of the economy.. housing DOWN and still going down.
cars/automomobiles! we will have hyperinflation in certain areas of the economy and flat out deflation in certain areas.. within 4 years! this will be a hyperinflationary depression.. hyperinflation could take hold overnight if the fed wanted/had to do it! they can print any amount of money at the stroke of a keyboard key! trillions of digits could be put into use instantaneously.. this is why I don't trust paper instruments.. they are heading down this road. its inflate or die! what do you think they will do?
as for me and my home, we shall worship the LORD
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
In economics, hyperinflation
In economics, hyperinflation is inflation that is "out of control," a condition in which prices increase rapidly as a currency loses its value. Formal definitions vary from a cumulative inflation rate over three years approaching 100% to "inflation exceeding 50% a month." In informal usage the term is often applied to much lower rates. As a rule of thumb, normal inflation is reported per year, but hyperinflation is often reported for much shorter intervals, often per month.
The definition used by most economists is "an inflationary cycle without any tendency toward equilibrium." A vicious circle is created in which more and more inflation is created with each iteration of the cycle. Although there is a great deal of debate about the root causes of hyperinflation, it becomes visible when there is an unchecked increase in the money supply or drastic debasement of coinage, and is often associated with wars (or their aftermath), economic depressions, and political or social upheavals.
I do think the Fed will hyperinflate I just don't think we are in hyperinflation yet. I think 5-10 years tops and we will be witnessing hyperinflation like what I think you are meaning. Don't get me wrong, I'm not thinking the US is going to somehow skeeze out of hyperinflation. I think they are going to ride this comet straight into the ground, i just think it will take time because of how massive the US economy is and the fact it is the world reserve currency holder.
Whether this is all being done deliberately to bring on a new currency like the Amero and the NAU or these people really are just completely retarded I don't know.
I'd argue the latter
These people are truly completely retarded. Our leaders are thinking only of the next election cycle and nothing else.
What do you think about the war on drugs?
How about Operation Wall Street?
Shout it today!
http://www.youshouts.com/index.php
lol well we agree on
lol well we agree on that!!!
as for me and my home, we shall worship the LORD
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
Awesome...
I have had the book on order since February....Amazon says it will ship by the end of June...Demand must be high for this book? Thanks for the response. :)
When Money Dies
I have been reading this book and it tells the whole sad story. Too many similarities to this country. But is gold and silver really going to feed us? I have been putting some of our investments into gold and silver but we will see.
Healthnut4freedom
"Trust in the Lord with all thine heart; and lean not unto thine own understanding. In all thy ways acknowledge Him, and He shall direct thy paths." Proverbs 3:5,6
Healthnut4freedom
The lip of truth shall be established forever: but a lying tongue is but for a moment...Lying lips are abomination to the LORD: but they that deal truly are His delight. Prov 12:19,22
also gold and silver is
also gold and silver is MONEY! has been since mans recorded history and will be!
as for me and my home, we shall worship the LORD
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
heathnuttie, when the
heathnuttie,
when the dollar does not buy anything, what will farmers use to buy seeds, pay for water, and fertilizer... during the weimar hyperinflation the ones that survived and prospered were farmers! I do not know of 1 farmer who would not take gold or silver to sell you food!
as for me and my home, we shall worship the LORD
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
The farmer's prospered
you are right. They were the only ones doing really well. But, then you know what hit the fan? The starving people began looting and destroying everything of the farmers like they were the bad guys. It was very frightening times. We Americans are not used to going hungry for one day. What will happen when it is many days?
Healthnut4freedom
"Trust in the Lord with all thine heart; and lean not unto thine own understanding. In all thy ways acknowledge Him, and He shall direct thy paths." Proverbs 3:5,6
Healthnut4freedom
The lip of truth shall be established forever: but a lying tongue is but for a moment...Lying lips are abomination to the LORD: but they that deal truly are His delight. Prov 12:19,22
I do not know one farmer
I do not know one farmer LOL. Sad huh??
where do you live neo? as
where do you live neo?
as for me and my home, we shall worship the LORD
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
I'm going down South, I'm
I'm going down South, I'm going down South, I'm going down South, I'm going down South, Chillly wind don't blooooow :)
try not end up in a large
try not end up in a large city..
as for me and my home, we shall worship the LORD
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
Im on the outskirts of a
Im on the outskirts of a large one but i know folks who have quite a bit of land. They just aren't farmers. If worse comes to worse I have some places to head to.
Another thought...
Venezuela is not left leaning as far as I can tell. Unless you listen to the US government. Chavez has nationalized industries but did so by buying out the ownership. You have to remember most third world countries have been under our oppression for at least 100 years.
Check out this documentary if you'd like to know more about the true nature of Chavez and Venezuela. I must admit... I had no idea myself.
http://www.freedocumentaries.org/film.php?id=97
Mike
"Fire Team for Freedom" on revolutionbroadcasting.com
Mondays thru Thursdays Midnight EST
or visit www.mikeandjake.com
Mike
"Fire Team for Freedom"
visit www.mikeandjake.com
Chavez is nationalizing
Chavez is nationalizing industries. He's enacting price controls. He's taking land from rich farmers and giving it to the poor to farm etc. He's also good buddies with FARC, which is the leftist guerilla movement in Colombia. He talks of his presidency as a Socialist Revolution. These are all leftist practices and rhetoric. He's a softcore commie just like obama and the venezuelans economy is suffering from this. They are having food shortages, power outages etc.
A couple thoughts
What happens when real inflation is exposed and interest rates go from 3-4% to 10%? Just to service the national debt in that circumstance would cause a serious problem for the Federal Government. Which they could either dramatically cut the budget or dramatically increase borrowing from the Fed...but who would take on the debt? Interest rates would explode.
What happens if countries like China allow there currency to float... China in my opinion is the dollar's best friend. And if Saudi Arabia started accepting payment in something other than dollars? There may not be discussion about the dollar on American TV but if you check out Middle East TV its almost a daily discussion.
In my opinion, the attempt to ignore these by our government and business media only makes them more dangerous.
Mike
"Fire Team for Freedom" on revolutionbroadcasting.com
Mondays thru Thursdays Midnight EST
or visit www.mikeandjake.com
Mike
"Fire Team for Freedom"
visit www.mikeandjake.com
silver decoupled from gold today
Sorry if its a little off topic, but interesting to note, nonetheless.
--------------------------------
"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
----------------------------
e_, read
e_,
read this!!!!
http://news.silverseek.com/SilverSeek/1212595279.php
silver is in shortage big time!
as for me and my home, we shall worship the LORD
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
Great link there Sierra
I hope that people are reading these articles. There is a great deal of effort being expended by our government to suppress this type of information. Just one more case of our own government operating illegally.
Gil, DON'T TALK TO ME.. I
Gil,
DON'T TALK TO ME.. I am still mad at you for not finding me at the convention! I was looking forward to stuffing you with food and beverage and you didn't let me! I was also going to open my home to you so you would not have had to buy a hotel room! LMAO .. we'll hook up soon my friend!
as for me and my home, we shall worship the LORD
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
I will be terrorizing the Front Range
on and off this summer. I'll catch up with you and you can show me your m21.
send me an email so i can
send me an email so i can give you my phone number!
as for me and my home, we shall worship the LORD
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
Yeah, that was a good one.
I also bought on Tuesday. Apart from around a thousand total ounces, my dealer was almost out of stock. Again.
If the paper markets ever catch on to the fundamentals, we may see a reversing of the gold/silver ratio--I think that is one of Butler's theories, and will be really fun to watch.
One last thing, Sierra. I consider you a friend and just want to give you one piece of advice. Beware of communists and their theories of centrally-distributed, fiat-paper promises. I don't want to feed the trolls, so that is all I am going to say on the matter. You are a smart guy, and I'm sure you will figure it out.
Regards,
e_
--------------------------------
"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
----------------------------
I know exactly what you
I know exactly what you mean! hey E_... what are you going to do when silver is par with gold in price? if gold is at 1000.00 and silver is at 1000.00?
this will be wild!
as for me and my home, we shall worship the LORD
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
Hopefully,
1) trade some of my silver for a compound in the middle of nowhere...and some more for ex-lawyer/tv personality/(insert worthless drain on civilization occupation here) serfs to till my land while I watch from the front porch drinking mojitos...
2) buy a white-feather configured M1A.
http://www.collectorsfirearms.com/admin/product_details.php?...
3) buy some more gold.
But hey, I'm just a simple guy with an overactive imagination...how about you?
--------------------------------
"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
----------------------------
lol..... hey buddy I can't
lol..... hey buddy I can't beleive how much we are alike.. I love M1A's I have an m21... don't buy the whitefeather.. my m21 shoots out to 1 click easily! also come buy the farm next to mine! the guy that bought it to "develope" it went belly up! I figure this fall the bank will dump it
if silver takes off the way I think I'm going to buy it! we would have a blast!
as for me and my home, we shall worship the LORD
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐