Hyperinflation/Collapse of the Dollar

Yes, the dollar is pretty sickly. I visited him in the hospital the other day. Doesn't look like he's coming home any time soon.

This is what destroyed America in the late 1920's. It was the end of America as we know it. Same could be said for Bubble Gum Rock.

It's looking more and more likely. We'll know in a few days,unless they decide to jerk us around longer....

UPDATE: Is our economic hegemony coming to an end? http://www.cnbc.com/id/43954619 Also: http://www.planbeconomics.com/2011/07/28/a-deflationists-nightmare/ Here's an interesting article, and certainly more important than the stupid crap currently popular on RIA: http://fofoa.blogspot.com/

Perhaps down the road, yes. But I don't see this country going into economic meltdown mode tomorrow, a year from now, or even 3-5 years from now like some of the radical doom-and-gloomers suggest. No, we're not going to see Zimbabwe or Weimar Germany style hyperinflation, with 3,000-4,000 pct. yearly inflation anytime soon. Strong inflation is a definite possibility. A complete collapse of the dollar and with it the entire world economic order? Not anytime soon. It could happen, no doubt, but it's not something that's imminent. Hyperinflation comes about when a country is completely debilitated politically vis-a-vis other powers, thus allowing outsiders to manipulate their currency values at will. Either that, or its the sign of a society in the late stages of total collapse. Think of Rome prior to the invasion of the Visigoths. We do have very deep, profound problems--a dysfunctional, systemically corrupt political system, rampant fraud and malfeasance in the financial mark... Read more