John Williams of Shadow Stats is predicting hyperinflation 6 to 9 months from today. There is a link to the Shadow Stats blog in the Zero Hedge post.
From what I understand, Williams has been calling for hyperinflation for the last couple of years, consistently setting it in the late-2010, early-2011 date range. As mentioned in a previous post also from Zero Hedge, hyperinflation is created by a loss of faith the nation's currency, as opposed to the more common type of inflation caused by more dollars chasing fewer goods and escalating wages.
Thanks for the link.
ReplyDeleteAnd, yes, seriously, I'm collecting nickels. I've got a pretty good stockpile.
I noticed gold jumped about $25 in one swoop earlier today. Silver looks to still be reasonable and might be a better store for most people at this point.
I'm also collecting iron, steel, brass, and lead.
Hyperinflation is, first and foremost, a political event.
ReplyDeleteHyperinflation is so far out there that I don't even worry about it.
Now, with respect to massive inflation (along the lines of 100% inflation over a brief perid of 6-10 years or so is entirely possible.
But hyperinfation? No.