by Floyd and Mary Beth Brown
Few among us have any real experience with the hyperinflation that ravaged post-WWI Weimar Republic. It’s history to us, and rather abstract. Harvard law professor Friedrich Kessler did experience it, and said this is a 1993 interview:
It was horrible. Horrible! Like lightning it struck. No one was prepared. You cannot imagine the rapidity with which the whole thing happened. The shelves in the grocery stores were empty. You could buy nothing with your paper money.
Obama’s economic policies could trigger a currency crisis for America. If it does, it will most likely come in a flash. One day the greenback will be accepted by everyone, then overnight its value will implode. Sheiks won’t want it for oil; the Chinese won’t want it for everything on the Wal-Mart aisle.
A full-blown currency crisis will make the financial crisis of 2008 look like a cake walk.
It’s important to understand that hyperinflation is a currency event, not an economic event. Put differently hyperinflation can strike even when the official economic numbers look better. A currency crisis is a triggered by fear that the dollars you get back in return for savings will be worthless.
This is why gold and silver have already seen their price rocket. They are predicating inflation.
As we go about our lives, the Federal Reserve is engaged in what they call “quantitative easing.” Since only 3 in 100 people understand what this means, the Fed is getting away with it. Economists call it monetizing the debt. Functionally the Federal Reserve is creating money to pay the debts Obama is ringing up.
The starched shirts in Washington insist they’re “monetizing the debt” in order to fight deflation. Either they lie, or they are deluded.
By all reasonable definitions of deflation, we are not in deflation. Prices are continuing to rise for most goods. We go to the grocery store and we see it with our own eyes!
It’s true that we are experiencing price deflation in home prices. This is happening because housing prices were wildly inflated and are now just settling back into long-term appreciation trends. Also banks have been reluctant to lend to consumers in the last two years because bankers can make decent money with less risk gaming Obama’s easy-money policies without making mortgage loans. Finally, consumers remain over their heads in debt and as they continue to work on getting their household balance sheets in order, housing is likely to remain weak.
A weak housing market means many things including a weak recovery, but it does not mean we are stumbling into deflation.
America is drowning in debt. When the government pulls its snout out of the debt trough, that will free up some room for businesses to squeeze in and borrow for growth. And that will lead to new investments, accelerating business profits, new jobs being created, and yes, home price recovery.
We remain hopeful that the November elections will put our government back on a sensible course, and we will never need to see the worse-case scenario. But even those elections won’t fix things is Obama isn’t stopped soon.
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About Floyd Brown
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carefull!
what if a gold confiscation is coming soon….
the governments will "set the price" low, and confiscate high!
carefull!
what if a gold confiscation is coming soon….
the governments will "set the price" low, and confiscate high!
When a family unit or group no longer cares for itself and ceases to protect itself it disappears and is lost forever. My question is why is America tearing itself apart? Once gone it will never be rebuilt. Is it truly the will of government and the people to destroy America in order to use the parts to attempt to rebuild a socialistic world order? Or is it that people believe that the world order can be built and America retained?
America cannot be dismantled and rebuilt in any fashion to be what it once was. It will be gone forever replaced and absorbed by a new order of world domination. The world will dilute itself into despotism and a greatly lowered standard of living to equal that of the present world economic inferiority by American standards. America will in reality be lowered and the world will slightly improve like pouring a glass of water into the ocean of humanity.
When a family unit or group no longer cares for itself and ceases to protect itself it disappears and is lost forever. My question is why is America tearing itself apart? Once gone it will never be rebuilt. Is it truly the will of government and the people to destroy America in order to use the parts to attempt to rebuild a socialistic world order? Or is it that people believe that the world order can be built and America retained?
America cannot be dismantled and rebuilt in any fashion to be what it once was. It will be gone forever replaced and absorbed by a new order of world domination. The world will dilute itself into despotism and a greatly lowered standard of living to equal that of the present world economic inferiority by American standards. America will in reality be lowered and the world will slightly improve like pouring a glass of water into the ocean of humanity.
How long is everybody going to let this man continue to destroy this nation? How many ways must it be shown? There is but one way to take this country back. Re-inhabit the Republic! In UNITY and strength, AS ONE NATION http://restoredusa.blogspot.com/
This is less about BO and more about America! The problem has become that we have a huge population of Americans that hate America. The new racist is a true red blooded constitution loving Republic supporting man or women. When will the rest of the population figure that one out?
It does not matter, BO, GB,BC any of them, they are simply the CEO's of the corporation established by the Act of 1871, they don't work for us so they don't listen to us. They use any means to hide the truth and keep the power. Like I said before, its re-inhabit the Republic or learn to stand in bread lines with the rest of the worlds comrades. http://restoredusa.blogspot.com/
love the site…thanks
How long is everybody going to let this man continue to destroy this nation? How many ways must it be shown? There is but one way to take this country back. Re-inhabit the Republic! In UNITY and strength, AS ONE NATION http://restoredusa.blogspot.com/
This is less about BO and more about America! The problem has become that we have a huge population of Americans that hate America. The new racist is a true red blooded constitution loving Republic supporting man or women. When will the rest of the population figure that one out?
It does not matter, BO, GB,BC any of them, they are simply the CEO's of the corporation established by the Act of 1871, they don't work for us so they don't listen to us. They use any means to hide the truth and keep the power. Like I said before, its re-inhabit the Republic or learn to stand in bread lines with the rest of the worlds comrades. http://restoredusa.blogspot.com/
love the site…thanks
I don't know if any of you realize this but if Obama succeeds in his hyperinflation agenda everyone will be in the 39% tax bracket overnight.
I don't know if any of you realize this but if Obama succeeds in his hyperinflation agenda everyone will be in the 39% tax bracket overnight.
AMERICA LOST? OR NATIONAL SECURITY?
The question is why has America turned on itself? As a society America has exploded into factions apposing each other. Personal opinion and venues have risen to top priority for each individual. What others think or value is of no importance. America as first priority in decision making has fallen to second place with world concerns and foreign interests as top priority of government and individuals.
America has become in world view a cornucopia of wealth and is despised for it. The world has no regard to America or its citizens. The world simply wants what ever it can get as any hungry animal or group does. American citizens have become the target of hate the world over because we are wealthy. The truly rich are hated by most American citizens also that believe them to be the cause of American and world poverty. Where did this irrational hate come from? Where does this propaganda divest from?
When a family unit or Nation losses self preservation and no longer cares for itself and ceases to protect itself it disappears and is lost forever. My question is why is America tearing itself apart? Once gone it will never be rebuilt. Is it truly the will of government and the people to destroy America in order to use the parts to attempt to rebuild a socialistic world order? Or is it that people believe that the world order can be built and America retained?
America cannot be dismantled and rebuilt in any fashion to be what it once was. It will be gone forever replaced and absorbed by a new order of world domination. The world will dilute itself into despotism and a greatly lowered standard of living to equal that of the present world economic inferiority by American standards. America will in reality be lowered and the world will slightly improve like pouring a glass of water into the ocean of humanity.
AMERICA LOST? OR NATIONAL SECURITY?
The question is why has America turned on itself? As a society America has exploded into factions apposing each other. Personal opinion and venues have risen to top priority for each individual. What others think or value is of no importance. America as first priority in decision making has fallen to second place with world concerns and foreign interests as top priority of government and individuals.
America has become in world view a cornucopia of wealth and is despised for it. The world has no regard to America or its citizens. The world simply wants what ever it can get as any hungry animal or group does. American citizens have become the target of hate the world over because we are wealthy. The truly rich are hated by most American citizens also that believe them to be the cause of American and world poverty. Where did this irrational hate come from? Where does this propaganda divest from?
When a family unit or Nation losses self preservation and no longer cares for itself and ceases to protect itself it disappears and is lost forever. My question is why is America tearing itself apart? Once gone it will never be rebuilt. Is it truly the will of government and the people to destroy America in order to use the parts to attempt to rebuild a socialistic world order? Or is it that people believe that the world order can be built and America retained?
America cannot be dismantled and rebuilt in any fashion to be what it once was. It will be gone forever replaced and absorbed by a new order of world domination. The world will dilute itself into despotism and a greatly lowered standard of living to equal that of the present world economic inferiority by American standards. America will in reality be lowered and the world will slightly improve like pouring a glass of water into the ocean of humanity.
Floyd:
The REAL unemployment number: 23%, GDP negative 2% (no growth), CPI inflation rate now almost 10% annually, dollar value: loss of 50%, and more…
Every American, should be aware of this. It's a bigger cover up than Watergate…
"Behind federal government's lies: real economic numbers prove US in Great Depression"
http://www.helium.com/items/1981088-real-economic…
Floyd:
The REAL unemployment number: 23%, GDP negative 2% (no growth), CPI inflation rate now almost 10% annually, dollar value: loss of 50%, and more…
Every American, should be aware of this. It's a bigger cover up than Watergate…
"Behind federal government's lies: real economic numbers prove US in Great Depression"
http://www.helium.com/items/1981088-real-economic…