As we have explained for many years, hyperinflation is created by the government destroying the currency as a result of money printing to finance deficits. This leads to the cost push inflation that we are now experiencing. Add to that, shortages in commodities worldwide, thus creating the perfect hyperinflationary scenario. The Dollar, the Pound, the Euro and many other currencies will continue to decline. They can’t all decline against each other at the same time so the market will take turns in attacking one currency at a time. But all currencies will continue to decline against gold. We believe that the dollar will soon start a very rapid fall against gold and against many currencies. Investors should exit the Dollar and also the Pound and the Euro. There is no currency better than gold or silver but for any small amounts of cash we prefer the Swiss Franc, the Norwegian Krone, the Singapore dollar and the Canadian dollar.
“There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion or later as a final and total catastrophe of the currency system involved.” – Ludwig von Mises
http://www.zerohedge.com/article/egon-von-greyerz-hyperinflationary-deluge-imminent-or-why-bernankes-motto-apr%C3%A8s-nous-le-d%C3%A9lu
Actually the notion that it is the goverment that is the problem is entierly false. Goverment should be by the people and for the people. Goverment is us. Problem is goverment is NOT in control instead its the Federal Reserve and the fractional banking system creating money as debt. This means money is defined as debt and thus debt can never ever be payed of. It is a defenition of money as debt and thus it's the bank that has the power. When it's the goverment that creates the money and pay no interest for doing so and with this finace tageable things like infrastructure, healt and education there is no defecit and no inflation. And the money is used for what it is intended for - the betterment of human conditions and improving our environment. Remember the defenition of usery is when money is not used for improving lives for all living things and the environment but simply in order to promot greed.
This stupid idea that gold and silver is the solution is pathetic and if you to that idea then also add the notion the goverment (the people) is at the heart of the problem well then you're really lost.
But there are solutions available - key word Money is legal tender
Nationalize the Fed. - End Banks Power to Create Money
http://www.youtube.com/watch?v=V_kbyAl3-AM
http://www.youtube.com/watch?v=nA54cgkvc_w&feature=related
http://www.monetary.org/ '
Then there are pople that beleive they promohing someting good when in fact is not in any way removing the real obstascle - the fractional banking system. Just simply owning the banks is just half the solution. It's allowing them to create money that's at the heart of the problem.
How Wisconsin Could Turn Austerity into Prosperity: Own a Bank
http://www.yesmagazine.org/new-economy/how-wisconsin-could-turn-austerity-into-prosperity-own-a-bank
And for all of you out there arguing well this then is socialism, well then what isen't?
97% of All U.S. Mortgages are Backed by the Government I heard a recent talk by Richard Wolff – Professor of Economics Emeritus at the University of Massachusetts in Amherst (PhD in Economics from Yale) – where Wolff said that 97% of all U.S. mortgages are either written or guaranteed by the government. http://www.ritholtz.com/blog/2011/03/97-of-all-u-s-mortgages-are-backed-by-the-government/
Seems that whenever tax payers money is "socialised" in order to support the financial sector is a good thing but when it's used to pay for healt, infrastructure, education is a bad thing?
Next is they coming to get you pension money in order to pay their rich criminal friends on Wall-Street. I'd bet they'll get away with calling that capitalism
George Carlin -"Who Really Controls America"
they are coming to get your social security money and your pension money so that they can give it to their criminal friends on Wall-Street
http://www.youtube.com/watch?v=hYIC0eZYEtI
You know an estimated 50% of ever tax dollar paied in the US is used to finance the Military/ Security sector. That's corporate welfare. So right now it's a system where austericy measures are used in order to eliminate welfare to the sitizens but at the same time promoting big time welfare to the big corporations.
Obama budget is the continuation of the bailout plan which was carved out to please corporate companies. They now have to balance the budget on the side of the poor. So, interest rates will go up and bank portfolios will collapse. Indeed the war machine in the states is very powerful and they are controlling the entire system for implementing their objectives.
http://www.youtube.com/watch?v=89EIadJ1QeQ&feature=player_embedded
The real issue here is that we simply do not have a goverment worth the name as it's supposed to be - by the people and for the people.
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