Signs Hyperinflation Is Arriving

Friday, October 29, 2010
By Paul Martin

by Gonzalo Lira
LewRockwell.com

Back in late August, I argued that hyperinflation would be triggered by a run on Treasury bonds. I described how such a run might happen, and argued that if Treasuries were no longer considered safe, then commodities would become the store of value.

Such a run on commodities, I further argued, would inevitably lead to price increases and a rise in the Consumer Price Index, which would initially be interpreted by the Federal Reserve, the Federal government, as well as the commentariat, as a good thing: A sign that “the economy is recovering”, a sign that “normalcy” was returning.

I argued that – far from being “a sign of recovery” – rising CPI would be the sign that things were about to get ugly.

The Rest…HERE

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