John Williams: Hyperinflationary Depression Ahead »
Posted By populist 6 months, 2 weeks ago in Business & Finance
The cost of all this is inflation. We will see inflation levels not seen in our lifetime by as early as the end of this year. Eventually we will see liabilities of $65 trillion – more than four times U.S. GDP, more than global GDP. There will be a hyper inflation where the dollar becomes worthless, where the paper is worth more as wall paper than as currency.
Read Full Story at carolynbaker.net »
180 Views Share Story 4 Comments Report
Submitted By:
populist
The essays we offer are unapologetically presented for you to read & analyze. Many are offered as a similar view to ours & others simply to invite ...
Who Also Submitted:
RSS Join the Discussion
+ Add CommentComments So Far: 4 (view all)
-
PsychoHosebeastComment removed: Spammer, Abusive
-
-
-
Neutral
Justice4All6 months, 1 week ago
This comment is below the standard viewing threshold View It »
At least when Bush was re-elected in 2004 we knew what to expect. We knew the war would still be dragging on. We knew OBL would still be making videos. And we knew the economy would be destroyed.
Reply
I planned accordingly. Sold stocks. Was transferred in 2004 but did not buy another house. Now I'm ready to buy a house ant about half what it would have cost in 2004. And in a few months it will be time to get back in the stock market. Probably when the Dow is around 5000.
But what happens next. What will printing all this money do? I suspect hyperinflation will be next, but I'm not so sure.
Bush was a disaster for America, but at least we knew what to plan for. Obama is truly trying to make things better but I not convinced that printing money is the way to go.
More News
Daily Finance
The Trade-Off: Why we'll solve traffic jams with information, not more roads
Lou Dobbs is leaving CNN: Could Fox News be in his future?
Suspicious trading before HP's $2.7 billion 3Com bid; SEC closed for holiday
Massucci's Take: McDonald's Monopoly winner gets a sweet $1 million
Senator Chris Dodd challenges House, Obama by pushing one super bank cop
Add a Comment
Sign In With Your Propeller Account
Please keep your comments relevant to this story.
To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.