It's Hammertime! Hyperinflation Collapsing Dollar Soup Lines Depression 2.0

[kevreilly7]

I agree with his HYPERINFLATION scenario---but rates will not go up that much --they will settle between 5-8%

[6630mcdo]

@kevreilly7 I disagree. In the 1970's-1980's, there was a 13% extra money in supply. To stop inflation, the FED increased rates to 20%. Now, there is a 400-500% extra money in supply. Rates will be over 20% - probably 20-35%. That will kill business. But the real problem will be hyperinflation. And, the US will choose hyperinflation over default.

[kevreilly7]

@6630mcdo You are assuming they will try to stop the inflation------they won't even try to stop the freight train----in the early 80s, rates were high to stop the inflation

[6630mcdo]

@kevreilly7 I don't know for sure, but it will be bad in any case. It is such a joke the FED explaining QE. GDP = Amount of money x Velocity of Money = therefore, if velocity goes down, increase the money supply. NEVER worked in the history of the world. Always fails and they know it. Do you buy silver, gold, etc?

[6630mcdo]

@kevreilly7 Buy silver, gold, land and guns/ammo. Buy silver/gold from Cornerstone...or any silver dealer in TX or CO....NO TAX!

[olh1152]

it's july 4th, 2010. shit has not happened.

[wanadoeda]

@olh1152

Just wait two more years

[olh1152]

@wanadoeda, its Jan 7, 2012. Shit still has not happened. 

[TheCashistrash]

well at least i will have my house paid for with cheap dollars. Considering I will be a rich man as long as i can survive this mess.

[TheCashistrash]

attilaclark you almost got it right. Many people will get wiped out financially. The people that survive the inflation will have their properties basically paid with cheap dollars. The poor people will not make enough money to pay for cost of living expenses. prices of everything will increase mostly food and gold and silver. Oil will increase but not as much since unemployment will be 25% and demand for things will decrease which will lower its price in relation to gold.

[TheCashistrash]

just looking at this man's face at 1:06 tells you the entire story. We are in deep shit. All those cash for gold commercials were for a reason take the gold from people and give them worthless paper. Dollar is going to get destroyed my guess is crash started may 6, 2010 the market WILL get bailed again which will destroy our currency.

[thoostorm3]

HE HAS GLD STUCK UP HIS NOSE

[attilaclark]

The inflation will burn off peoples debt...poor people and poeple with nothing to lose ....win win win.. .rich people with alot of stocks , 401 k and people on fixed pensions are gunna get plowed.. The upside is most of us are poor so ...bring on anarchy. lol

[stockgod247]

buy and sell gold online at PMEX (dot) net

[KansasRangers]

Quit picking on MC Hammer. ... How about saying, "Its too legit to quit time?"

[espouse]

Brother, you are correct. Most people have no idea how painful this is going to be.

People will be hungry.

[eight38s]

That one dude has THE BIGGEST nose I have EVERY SEEN!!!!

[ytrfd]

If he did on tv this is done.Buy gold and especially silver NOW NOW NOW!

[SeaDoc]

funny, he didn't mention gold and silver as a way of protecting your assets in a hyperinflationary environment... They are so afraid to tell the public how to protect themselves - perhaps, that is their plan - NOT to...

[thirstybullet]

gold guns groceries and ammo. you gonna need them all.

[JurkoffJay]

I can't wait for shit to go down. LET THE GAMES BEGIN!!!

[jeffsst]

people you know and care about will be very hungry, there will be fire in the streets, probably some powergrabs... its gonna be ugly and nothing to look forward to. even if you have gold bullion, food, water, your own way to genereate electrictie, guns, knives, camping and survival meterial you will suffer in one way or the other.

[JurkoffJay]

I'm down with all the shit you just said. I aint scared. I'd rather shoot my in the head than stick with these old boring ways. I'm sick of the mediocrity, and banality of this country.

[surfthetsu]

Anarchist.

[JurkoffJay]

Don't call me names.

>8^(

[espouse]

JurkOff,

Trust me. You do NOT want this to happen.

It WILL happen, but it is going to hurt everyone you know.

BTW, you have a fine screen name.

[JurkoffJay]

Yes I DO. I'm not afraid. The other option would be to continue with this system that doesn't work for people. Look around, everyone is unhappy.

[Weaseldog2001]

I asked the man how his butter was sold.

He said, "One pound of butter for two pounds of gold." - Woody Guthrie

[FGTBOGSAT]

Buy gold and silver now!