Be patient, George, it's coming...

I have a few friends who think that the predictions of coming hyperinflation in the USA are crazy. Believe me, I hope it never happens. But the evidence keeps adding up that we are in for some tough times in the near future. That's why we should be buying silver with any spare cash one might have. The phony paper the government issues as money will be just that, so get rid of it while the price is still low...


The Economy: "Hyperinflation Will Start in the Next Couple Months!”

By Mac Slavo

“John Williams of Shadowstats has repeatedly warned that our economy is not doing as well as some would have you believe. From unemployment to GDP to current and future liabilities, there are fundamental problems that will not be resolved anytime soon - in fact, they’re likely to get worse. The end result according to Williams? A hyperinflationary depression.

Eventually it’s going to be a hyperinflationary great depression in the United States. We’re already seeing food and energy prices rise significantly - with price jumps of 30% or more year-over-year. We can argue about deflation or inflation, but we will not be sure of exactly what comes next until it actually happens. John Williams provides some recommendations, all of which we’ve discussed before, for preparing yourself and loves ones for the possibility of a complete meltdown in the US dollar.

Williams is a respected economist who has a high level understanding of the fundamental numbers behind our economy, so his forecasts and recommendations should not be taken lightly: In terms of maintaining the purchasing power of your assets and wealth - and this is primarily a problem for people who live in a US dollar denominated world - Canada is not going to necessarily have this problem - you look to put your dollars in hard assets like physical gold and silver, getting the dollar into other currencies such as the Canadian dollar, Australian dollar, Swiss franc.

In the US we don’t have a back up system. Zimbabwe had the worst hyperinflation anyone’s ever seen. But, they survived. They had an ongoing economy. That was because of a black market in US dollars. We don’t have a black market in the US. There’s no backup to our system.

It gets very difficult when food starts to disappear from food shelves. What happens? You can probably use common sense. It’s probably a good idea to store goods that you would normally consume for several months, just to protect yourself, your family and to have goods for barter. That four pound bag of rice, roll of toilet paper or bottle of Jack Daniels you have stored up in your prep closet may very well be worth it’s weight in silver if and when goods start flying of the store shelves.

One of the primary concerns for people who know a major collapse is coming is how to identify it when it is happening. What are the signs? Sign number one is what governments do before a hyperinflationary collapse. If history is any guide, then the monetary actions of our Federal Reserve are a clear indicator. As Jon Stewart humorously pointed out recently, the Fed is “imagineering” money out of thin air. This means more money in our overall money supply chasing fewer goods, which inevitably leads to higher prices. We’re seeing this the world over in commodity prices, as well as other assets.

Read more:
http://coyoteprime-runningcauseicantfly.blogspot.com/2010/12/economy-hyperinflation-will-start-in.html