Will HYPERINFLATION Occur in the US?
One economist, John Williams of Shadowstats.com, believes that the US will experience hyperinflation.
He outlines his calculations as follows: “ The circumstance envisioned ahead is not one of double- or triple- digit annual inflation, but more along the lines of seven to ten-digit inflation seen in other circumstances during the last century. Under such circumstances, the currency in question becomes worthless.
If economic news continues to spiral downward,
then the US has met all 4 of the above criteria
for a hyperinflationary scenario.
A looming crisis in the U.S. dollar—a panicked sell-off in the U.S. currency in the months ahead— remains the likely proximal trigger for the early stages of the hyperinflation.
A confluence of four primary, systemic instabilities underlie the unfolding crisis of confidence and looming selling panic in the U.S. dollar. On a relative basis, each circumstance is worse than any parallel issues seen with the other major Western currencies. Individually, any one of these circumstances has the potential for triggering a dollar sell-off:
- Unwillingness of the U.S. government to address its sovereign-solvency issues, as the circumstance spins out of control.
- Extreme monetary actions from the Fed, aimed at monetizing Treasury debt (debasing the dollar) and ultimately at stabilizing a still-impaired financial system
- Severely damaged economic activity, which never recovered from its collapse into 2009 and has started to turn down anew
- Crisis of confidence in a dysfunctional federal government
The first two points are definitely true, and the third is starting to play out in 2015, with constant deteriorating economic news. In terms of the last point, Americans polled said that 75% of politicians are corrupt.
If economic news continues to spiral downward, then the US has met all 4 of the above criteria for a hyperinflationary scenario. Below are examples of other countries money printing has always led to hyperinflation. The last 25 years are replete with historical examples:
Read the rest of the story at GramsGold.com
One thing for sure, if we do experience hyperinflation, the mainstream (lamestream) media will not admit it until we are literally carrying around wheelbarrows of the stuff.
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