Inflation Skyrockets. Dollar Collapse Imminent.

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Glen Beck and other mainstream media outlets are starting to discuss the possibility of hyperinflation and the dangers of trying to print our way out of the current economic mess.

Category:

News & Politics

Tags:

• Beck
• Collapse
• Dollar
• Glen
• Gold
• Inflation
• Paul
• Peter
• Ron
• Schiff

[ronskilbeck]

It has been said that the top 25 banks carry $13 trillion in acid debt - CDS, CDOs, and Derivatives- also a loss of some $11 trillion in new loans in 2008 - isn't that a contraction of the money supply?A $24 trillion contraction.Everyone preaching gold and hyperinflation seems to ignore that our money supply has contracted significantly.

The amount that the Gov has printed and the Treas has guaranteed is insignificant compared to the losses on the exchanges. Why are commodity prices going down?

[goldstockbull]

CDS, CDOs and derivatives are not money supply, so no, we are not experiencing a contraction of the money supply. If I buy stocks on margin, does that increase the money supply? M3 is expanding at the fastest rate ever!

Demand destruction and excess inventory are creating a short-term downtrend in prices for some commodities, but this will not last. The most important commodities (as an indicator of inflation) are up significantly over the past 6 months... gold and silver.

[goldstockbull]

Fair enough, but I believe there will still be need for some medium of exchange outside of barter in order to facilitate fair transactions and store wealth. Silver will serve as the exchange and gold as the store of wealth. Plus, in the transition period from inflation to hyperinflation, those holding precious metals will make enough profit to purchase whatever goods they need to survive. Moreso than if they would have just held dollars or tried to stock up early. Just my opinion.

[splibb]

LOL, this dude listens to and says Glenn Beck is main stream media. Now if he were, that would be scary indeed. Turn off FOX and the world is a far better place. It's like when the sun comes out after days of rain. Just enjoy your time here and let beck babble his way to his 38 million dollar a year salary.

[ohiopaulite]

Say I borrow $100 from you. that $100 is part of the current money supply. Now if I never pay you back the loan you've suffered a loss, but the money supply does not contract $100. It just changed ownership. Same goes for the bank losses.

[TogusaM207]

3:03 I love Glenn beck lol, thanks for uploading!!

BTW Ron Paul 2012!!

[FongoBongo]

I absolutely agree. There needs to me a medium of exchange regardless of the situation. Once the dollar loses all of its value then what? When it becomes absolutely worthless people will have to establish another medium of exchange and that will be silver for transactions and gold for wealth.

Of course, if shit really hits the fan, then it won't matter how much PM you have. What will matter is food, water, guns and ammo.

[foosball127]

It is true that PMs are a good hedge against inflation and an exclent store of wealth. However if there is hyperinflation and if the dollar does crash, then gold and silver will not be your saving grace. IN that situation people need the basic necessities of life. You can not eat gold. You can not wash with silver. You cant cure an infection with platinum. IN the early days of collapse it may become very hard to get folks to accept PMs in trade for those things you need to live.