Tag Archives: hyperinflation
Operation Twist Makes Me Want to Pull My Hair Out!
Why are we in this mess we’re in, economically speaking? The causes are many, but they can largely be divided into two groups: (1) artificially low interest rates, and (2) stupid policies our government has carried out, financed by massive borrowing enabled by artificially low interest rates. I’m serious. Try to find me a major [...]
Posted in uncategorized Also tagged default, interest rates, operation twist, peter schiff Leave a comment
A possible hyperinflation scenario for the United States
Let’s imagine that we lived in an insane country with a national debt at about 100% of GDP, a monetary base of 2645 billion dollars, and a deficit of 1388 trillion dollars. This will be easy for those of you who live in the Greece. Or the US. This country has a national of about [...]
Posted in uncategorized Also tagged debt to gdp ratio, economics, greece, interest, republican party, united states Leave a comment
gold price at 1371.57
New high. Due, of course, to our fraudulent system of state-backed fractional-reserve banking, and our outrageous debt/deficit problem. The dollar has lost 8% of its value against gold in the last month–bordering on hyperinflation. And so I’ve made a decision. Each time I see a new price for gold higher than anything I’ve ever seen [...]
Posted in economics Also tagged boom bust cycle, deficit, fractional reserve banking, gold, keynes vs hayek rap anthem, national debt 5 Comments
Jim Quinn on the mother of all bubbles
Money, we’ve been told, is the root of all evil. Leaving behind the various shades of meaning that may or may not be present in that pithy saying, let’s look at the financial markets, where easily available money generated hand over fist is the root of all sorts of evils (or, if we want be [...]
Posted in economics Also tagged austrian theory of the trade cycle, ben bernanke, central banking, credit expansion, easy credit, federal reserve, fiat currency, hard money, housing bubble, human action (book), inflation, jim quinn, late-2000's recession, ludwig von mises, the bastard child of the mother of all bubbles, zimbabwe Leave a comment
We keep bleeding money
It’s the opinion of this guy that our banking system cannot sustain its current path, and that the only way out is the US Federal Government defaulting on some of its obligations. The statistics show an utterly out-of-control debt and no sign of letting up on our incredible deficit spending. Our debt is currently at [...]
Posted in uncategorized Also tagged banking, currency policy, fannie mae, federal government, freddie mac, national debt, stimulus 1 Comment
hyperinflation in europe?
High levels of debt in some European Union nations have caused confidence in the Euro to slide. It’s lost 9% of its value in two months. If that’s sustained, it’s 68% annual inflation, and the Euro will die because Europe took on debt. Related Posts:The Interest Rate Absolute Kill Point is 15.3%inflationary disaster: why we’re [...]
on some of the hollow rhetoric of last night’s State of the Union address
This story makes me wonder why I spent an hour of my life last night listening to the President speak about how he’s going to “use the veto if necessary” to force a stop to out-of-control spending, and blaming George Bush for our national debt. Never mind the fact that under Obama the nation has [...]
Posted in economics Also tagged deficit, democrats, george w bush, national debt, president obama, senate Leave a comment
The Interest Rate Absolute Kill Point is 15.3%