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Polish_Silver
04-30-12, 09:01 AM
Choice reference info about hyperinflation.

(The general topic is already covered extensively on a large number of threads)

Peter Bernholz.: how likely is hyperinflation (http://www.american.com/archive/2009/december-2009/how-likely-is-hyperinflation)
http://www.american.com/archive/2009...hyperinflation (http://www.american.com/archive/2009/december-2009/how-likely-is-hyperinflation)

Hudson (http://www.itulip.com/forums/showthread.php/20756-Janszen-interviews-Dr-Michael-Hudson-on-the-latest-euro-crisis-dea)on European crisis, and Weimar inflation:
http://www.itulip.com/forums/showthr...ro-crisis-deal (http://www.itulip.com/forums/showthread.php/20756-Janszen-interviews-Dr-Michael-Hudson-on-the-latest-euro-crisis-deal)

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Commentary on Bernholz and Hudson:

Bernholz in 2009 said the US budget deficit (~40% of the budget) is big enough to cause hyperinflation, but since foreigners are buying lots of the debt, it won't happen for now.

But Hudson says that the cause of the Weimar HI was that Germany had to pay down it's large foreign debt.

Supposedly, the fed is monetizing more and more of the debt.

Meanwhile, EJ says that Argentina is so poor because it acquired too much foreign debt.

Of course, Germany printed paper to pay a gold debt. The US has only debt in it's
own paper. But what about all the oil?

The US uses 2X the oil per capita of the other developed nations.

If I put these ideas together, it is only a matter of time.

Party on, Ben !