Is Hyperinflation Coming?

Posted on by

At some point there will be a monetary crisis.  It is just a matter of time. Our present monetary system is a house of cards.  Some event will bring the whole thing down.  The question is how severe will this be.  Will we have hyperinflation?  I hope not but it is possible.  Gary North does not believe that we will have full blown hyperinflation because our central bank is privately owned.   Private ownership logically implies that the bankers that own the Federal Reserve do not want to completely destroy the economy through hyperinflation.  This would negatively affect them. A hyperinflationary environment can be very dangerous politically and can lead to revolution. Gary North makes the point that countries that have had hyperinflation usually had central banks that were government owned and politically controlled.

John Williams from shadowstats.com on the other hand believes that we will see hyperinflation.  John Williams created shadowstats.com to accurately calculate inflation because Alan Greenspan changed how inflation was calculated in the 90s to understate inflation because it was politically convenient.  It is hard to believe but government inflation statistics do not include food or fuel and understates other things like housing.  John Williams created shadowstats.com because many businesses need an accurate picture of inflation to operate.  Williams simply calculates inflation the way it was done in the 1980s and sells access to his statistics on shadowstats.com.  Williams says in the interview below that real inflation is around 9%, not 2% claimed by the government.  He also says that the first signs of hyperinflation will be a sell off of the dollar. In the future, if you see the dollar being sold off by governments around the world it would probably a good idea to go the grocery store to stock up on food and supplies because shortages could be right around the corner.

 

550 thoughts on “Is Hyperinflation Coming?”

  4. What’s Going down i’m new to this, I stumbled upon this I’ve discovered It positively useful and it
    has helped me out loads. I’m hoping to contribute & aid other customers like its aided
    me. Good job.

    Reply ↓

  5. Attractive section of content. I just stumbled upon your site and in accession capital to assert that I acquire actually enjoyed account your blog posts. Any way I’ll be subscribing to your feeds and even I achievement you access consistently fast.

    Reply ↓

  6. Its such as you learn my thoughts! You appear to know a lot about this, such
    as you wrote the e-book in it or something. I think that you just could do with
    some percent to drive the message house a bit, however other than that, that is fantastic blog.
    An excellent read. I’ll certainly be back.

    Reply ↓

  7. Greetings! Quick question that’s completely off topic.
    Do you know how to make your site mobile friendly?
    My site looks weird when browsing from my apple iphone. I’m trying to find
    a template or plugin that might be able to fix this issue.
    If you have any recommendations, please share. Many thanks!

    Reply ↓

  12. I have to show some thanks to this writer just for bailing me out of this particular scenario. As a result of searching throughout the world-wide-web and obtaining principles which were not beneficial, I assumed my entire life was well over. Living without the approaches to the problems you’ve solved as a result of your website is a serious case, and those that would have badly damaged my entire career if I had not encountered your blog. Your understanding and kindness in touching all things was crucial. I am not sure what I would’ve done if I hadn’t come across such a point like this. I can also now look ahead to my future. Thanks a lot very much for your skilled and sensible guide. I won’t think twice to propose the sites to anybody who would need guidance on this issue.

    Reply ↓

  47. It’s perfect time to make some plans for the future and it’s time to be happy. I’ve read this post and if I could I want to suggest you some interesting things or tips. Maybe you could write next articles referring to this article. I want to read even more things about it!

    Reply ↓

  48. This blog is definitely rather handy since I’m at the moment creating an internet floral website – although I am only starting out therefore it’s really fairly small, nothing like this site. Can link to a few of the posts here as they are quite. Thanks much. Zoey Olsen

    Reply ↓

Leave a Reply

Your email address will not be published. Required fields are marked *