If people are walking away and handing in the keys to their homes, while housing is nationalized, and the majority of our debt is held over seas, at the same time people are attacking IRS buildings and states are going broke and will need to be bailed out, and entitlements need to be funded, how can anyone argue against hyperinflation? And this is all happening while banksters are getting billions.
I'm not saying there won't be bouts of defation, we've seen that, and we may still see it. But we are going to slam into that wall at some point.
This is from a message board I wrote in yesterday where someone wanted to know how hyperinflation is even possible. I figured I'd repost it here for you:
From what I read of SinClair, nationalization is a big part of how it starts. The government can start forcing money directly through new venues, like credit card companies and car companies. It doesn't have to end there either, there a lots of industries the government could nationalize to "protect". The Magombo even figured out how to make his business a "bank" to receive TARP funds.
There are three men that I've been following closely for the last few years. They have all predicted our current financial crisis to a 'T'. They all agree on how we got here (through the Federal Reserve expanding credit). Now they all agree on where we are going. The three men I'm talking about are Jim Rogers, Jim Sinclair, and Peter Schiff. LISTEN TO THESE GUYS. When everyone else has been dead wrong. They have been right.
This is an amazing interview. Please listen to all four of the youtube videos. This is where we are headed and why we must work like crazy to stop it. Its going to get a hell of a lot crazier. Please write and call your senators and congressman and tell them to support these two bills: "H.R. 2755: Federal Reserve Board Abolition Act" (http://www.govtrack.us/congress/bill.xpd?bill=h110-2755) and "H.R. 4683: Free Competition in Currency Act of 2007" (http://www.govtrack.us/congress/bill.xpd?bill=h110-4683)
Peter called this perfectly, even the crash after the bailout bill passes.
