Hyperinflation is the looting spiral, err, when the real economy
is looted into oblivion. That's why I left Russia -
that country is still mired in one of these, despite the
economic boom, which really had to do with high oil prices.
I have a much better opinion about the US, but the looting
spiral must be broken, or the economy and the nation will be
forever cursed. Forever means in your life time - the GDP
of Zimbabwe dropped from 1980, in US dollars, and
US dollar does not have the same purchasing power in
2009 as it did in 1980. They don't call this the worst
possible outcome for nothing, it can literally last for
decades and completely ruin the country economically.
The Zimbabwe looting spiral was broken in 2009, and the
country instantly started to recover. -ng-
Message 26103240
Debt collapse folks advocate "deflation", and hyperinflation not
an issue for some time. I wonder how they will react to 10% CPI
in 2010 or 2011, which is a distinct possibility, IMHO, given
all the printing, and no, that is not hyperinflation. It indeed
takes a few years and quite a bit of additional printing
for inflation to roll into that kind of a meltdown. |
