Thom Hartmann: Is Hyperinflation on The Way?

[combatjm89]

Inflation is the expansion of the money supply. The more the Fed prints, the greater the expansion. All the foreign-held dollars have been coming home, quietly buying up hard assets here in the US. It's being done slowly so as not to trigger a crisis, because this would only reduce the value of the dollar further, and that will only hurt everyone holding dollars. Bernake will not be able to control the expansion of our nation's money supply, and some hyperinflation is inevitable.

[jscottupton]

Hartmann is not a trained economist. He had political debates with his father. His father won.

[TheMobocracy]

Under Reagan, Bush Sr. and Clinton we had a strong dollar. Under Bush and Obama it's been a weak dollar. This guy doesn't know what he's talking about. Look at a historical chart of the Dollar index.

[thomasw78]

I like how this guy first says we're spending too much money and then blames it on Republican starve the beast methods. Anyone else see the disconnect there? And then he blames Reagan for all the inflation we have even though Reagan took over when inflation was double digits and by the time he left it was back in single digits.

[Deoptics8]

Gov't is never broke. If it is, they can ask for the Fed to print more money and voila, hyperinflation. We won't see hyperinflation. We will see the $ devalue and a new IMF SDR like super-currency will emerge. Bush spent a lot. Obama see what he has done and triple it. The Fed won't be able to contain inflation coming. We will get a new currency before hyperinflation. Republican/Democrats receive equal blame.

[ggadguy]

Government spending IS the problem. Under George Bush government deficits exploded! He never cut government. He didn't even slow the growth. That's the truth. Inflation has been deliberate due to the Federal Reserve printing money. Hyperinflation is coming. Buy gold and silver while you still can.

[mrsthursday]

just pay off credit cards and pay down the mortgage. Why do people leap off the deep end? This too will pass and we'll be back at consuming everything the developing world can squeeze out of their underpaid labor force. Save some money however you wanna store it makes not much diff. that's my op. just from past experience. Why do people fall for the hyperbole crap, it just gives me a headache when CNN and Fox try and churn up stories that scare the Hell out of folks. Just read a little history.

[keltrce]

Dumb Jackass!!!!!!