Hyperinflationary Death Watch
SilverDoctors.com
October 7, 2016
Isn’t the US very different from Weimar Germany or Zimbabwe?
Each case of hyperinflation is unique, so if you are looking for differences you will always find them. You need to understand the common characteristics. Hyperinflation happens because government debt gets over 80% of GNP and deficit gets over 40% of spending.
It does not matter how you get into that situation…
From Dr. Jeffrey Lewis:
An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense – perhaps more clearly and subtly than many consistent defenders of laissez-faire – that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other. – Alan Greenspan
Every hyperinflation is unique. No one wants the chaos it will bring. We are not rooting for it. Monetary crisis is always part and parcel or a extension of the inevitable cycles of history.
The current path will at some point become yet another statistic. Like each currency collapses that has come before it, the next one will be burned into the viscera and the psyche of a generation. It should serve as a warning, though sadly it will likely be forgotten again as the collective memory fades.
The Rest…HERE
