It's Hammertime! Hyperinflation Collapsing Dollar Soup Lines Depression 2.0
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@wanadoeda, its Jan 7, 2012. Shit still has not happened.
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@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?
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@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
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@kevreilly7 Buy silver, gold, land and guns/ammo. Buy silver/gold from Cornerstone...or any silver dealer in TX or CO....NO TAX!
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@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.
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Just wait two more years
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I agree with his HYPERINFLATION scenario---but rates will not go up that much --they will settle between 5-8%
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it's july 4th, 2010. shit has not happened.
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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.
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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.
Brother, you are correct. Most people have no idea how painful this is going to be.
People will be hungry.
espouse 3 years ago 5
If he did on tv this is done.Buy gold and especially silver NOW NOW NOW!
ytrfd 3 years ago 5