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we must be prepared to face this government manufactured dilema and survive.
It has more to do with the decimation of the American industrial and manufacturing base than anything else...a correction of the dollar has been in the making since the 80s. What cracks me up is that Bush and Obama are getting the blame. It's not their fault. It's Reagan's fault. And Clinton's fault. Reagan destroyed the economic balance and introduced us to wealth stratification. Clinton's NAFTA was a final dagger. And maybe Nixon shares some blame for thinking that the US could sustain an international fiat currency. Reagan screwed that up right quick.
They inflated the dollar after the Mexican Peso Crisis to bail out the economies of Mexico and Japan. Under the agreement, the US Fed would lower short-term interest rates to stimulate the economy and the US Treasury and the G-7 would intervene by buying dollars. Long-term US rates were also brought down by the Bank of Japan buying US treasuries. China piggybacked on this deal by devaluing their currency by 40 percent in late 1994. The rest of Asia had currencies pegged at a fixed exchange rate to the dollar so their exports started to suffer after awhile.
I was looking for that old thread and saw that it was lumped into another category.
My purpose with it was to help the people of Wv to survive.
With it lumped into a generic category, many will not see it or know where to find it.
The hyper-inflation is right around the corner and as near as January..we must be prepared to face this government manufactured dilema and survive.
Me?
I'm going to Save-a-Lot for all my Christmas shopping this year...giving us cases of food...nothing else.
Think about it...giving junk with all the buttons and bows or something you can eat. better than dirt or grass...
I just want to point out that I don't see your classic hyper-inflationary scenario reminiscent of Weimar circa 1921....nor anything close to the Hungarian currency crisis ala the Pengo during the mid 40's.
Instead, what I see is milder inflationary-deflationary hybrid, were asset values will continue to depreciate in value.
In essence....the must haves ; the products we eat and use every day will be inflationary in terms of cost, but core assets like homes, automobiles, boats, recreational vehicles and home electronics will continue to deflate in value...
But I say bring on the deflation....full force - as it completely destroys highly-leveraged debtors, stripping them of nearly all their assets. And I'm sorry---as I know many will find this cruel---but I see this as great thing for our country...
A nice payday is coming soon for those who both saved and invested wisely.
I see our money buying 1/4th of what it does now...and will compare it to the situation in Bosnia a few years ago and also Argentina.
The french peasants thought the revolution in 1790 was a great thing too...they starved to death anyway.
When the government failed the bread lines ended... look for something like that here.
Where will insurrection start? I'll tell you.
In the black ghettos where the unemployment is over 35%.
They burnt a lot of real estate in an area of LA called Watts in the late 60's and I was there to see it. Destroyed an entire community.
When the hope is gone and people are starving, they will react violently.
The big city ghettos will go first and our military will hold them in those areas with martial law...maybe emergency UN troops because our military is busy abroad.
Hope you have a nice payday and your investments reward you...try boiling that hoarded gold and cash into soup...very nutricious, I'm sure.
the inflation in commodities last year led to hoarding by governments. the oversupply was one of the factors that led to the crash in commodity prices. we could see the same again next year when global stimulus winds down and we have a glut of make-work construction projects that add to the overcapacity/overbuilding that originally caused the downturn.
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