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| Freikorps units taking to the streets in Berlin during unrest in the years of the Weimar Republic, circa 1923 - Universal History Archive/Getty Images |
Hyperinflation Can Happen Much Faster Than You Think by James Rickards
James talks about about inflation versus hyperinflation and what happened in Germany after WW1.
James Rickards has a page on Wikipedia as does the Wiemar Republic.
Via ZeroHedge
Sounds like a lot of hooey to me. Who is worried about cash in bank? Americans have debt, or a McMansion mortgage or investments. That’s why all the stimulus money to keep all of that humming along. All of that will rise with inflation. Just pray your paycheck keeps pace for those that buy with debt.
ReplyDeleteIf truly worried about USA inflation and you don’t want USA securities invest in the 6 world currency’s stronger than USD.
Not a fan of heavy useless gold, nor volatile-quickly-vaporizing cyber currency.
Best of luck
The fact that we do not have any inflation despite the huge stimulus programs by all the central banks implies that there are strong deflationary forces at work. These are likely our free trade and open borders policies, both of which drive all wages and prices to the world average. That would be about $5 per hour. And looking are working class wages in the US, that is what is happening. American working class wages have been declining in real terms since about 1965.
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