Global Hyperinflation Ahead

[ACCT]

Common sense comes from God. We have lost common sense in all phases of our lives, including the the economy. We are blind in regards to educatiuon, the economy, etc. because we think that we can build a world without God.

We are in an epic spiritual battle between Jesus and Satan. There is no future without Jesus.

Global hyperinflation is on its way. Kiss your dollars and your wallet goodbye. We are in God's judgment.

[Blenderx]

Picked me right up there, you did.

[Nec5]

I suspect if you asked people about hyperinflation, most of them would respond that their blood pressure is fine.

[JimG]

Originally Posted by Nec5

I suspect if you asked people about hyperinflation, most of them would respond that their blood pressure is fine.

I agree. I think people are almost entirely unprepared. No one alive today has lived through the depression of the 1930's. They think either that prosperity is forever or that government will fix everything. But it isn't, and, to quote John Stossel, 'no, they can't.'

I don't know whether it will be a hyperinflation, a dollar devaluation, or a global deflationary depression. But when it comes, and they do come every hundred years or so, nobody will be prepared.

[Luigi Daniele]

Originally Posted by JimG

I agree. I think people are almost entirely unprepared. No one alive today has lived through the depression of the 1930's. They think either that prosperity is forever or that government will fix everything. But it isn't, and, to quote John Stossel, 'no, they can't.'

I don't know whether it will be a hyperinflation, a dollar devaluation, or a global deflationary depression. But when it comes, and they do come every hundred years or so, nobody will be prepared.

Uhh, my dad and mom lived through it and are still alive (praise God).

[JimG]

Originally Posted by Luigi Daniele

Uhh, my dad and mom lived through it and are still alive (praise God).

That's good. They can probably also tell you stories about using ration coupons to buy bread and coffee during WWII.

[JimG]

Originally Posted by JimG

That's good. They can probably also tell you stories about using ration coupons to buy bread and coffee during WWII.

PS--I have to add, the ration coupons weren't because of the depresssion, which was ending. They were issued because of the war. A lot of things were rationed, and you could only buy so many loaves of bread per week, for example. There were some families who traded ration coupons, one staple for another, and to avoid the limit, they would have their kids get in a separate grocery line to use ration coupons (and money) to buy extra loaves of bread or some other item.

[Maryann C]

Originally Posted by JimG

I don't know whether it will be a hyperinflation, a dollar devaluation, or a global deflationary depression. But when it comes, and they do come every hundred years or so, nobody will be prepared.

Some will be more prepared than others...especially people with land will be in a better place if they have the old seed producing crops still and not the hybrids. The problem will be when the mobs of unprepared people want to take what others have worked for! Sound familiar? Vote.

[Nec5]

During the Depression, there was still a sense in the land that there was an absolute morality derived from God. This served to lessen the crime and limit some of the violence. That no longer exists today.

Maybe I'll join The Humongous (I doubt anyone will get that reference but...)

[JimG]

Originally Posted by Nec5

During the Depression, there was still a sense in the land that there was an absolute morality derived from God. This served to lessen the crime and limit some of the violence. That no longer exists today.

Maybe I'll join The Humongous (I doubt anyone will get that reference but...)

Yes, the absence of morality makes the whole prospect even more scary. I hope I am wrong about the whole thing. But so many economists have said that there is simply no viable solution. We can't tax our way out of it, even with huge tax increases; we can't grow our way out of it at any projected rate of growth; and we sure can't spend our way out of it. And demographics are turning against us, due largely to the contraceptive mentality which has pervaded the nation for decades.

[mh2007]

I am not willing to concede the USA has crossed the point of no return on the road to economic ruin vis-a-vis hyperinflation, or a deflationary spiral. This country is far more resilient than the media and academics would have us believe. However, the state of morality in this country is undoubtedly upside down. It will take something like a depression, or world calamity - a war, a plague, or a natural disaster for people to wake up to God. Until then, mankind will continue to think human institutions are in control of everything.

Civilizations come and go. Just look at recorded history. Even dynasties that are able to last for thousands of years all come to an end. Every one of them. Without exception. There is nothing we can do to stop these major trends. I think the best we can do is pray, and work towards making our smaller worlds and communities better places.

We can't fight the tide. After all, looking back at the early days, Christians had to seek refuge in catacombs, and practice their faith underground. That, or they'd be fed to the lions. We need to live sensibly, following our creed. As Jesus said, "I am sending you out like sheep among wolves. Therefore be as shrewd as snakes and as innocent as doves."

Let us take care of our families, and our Church.

[MrsFlapjack]

I didn't sleep well last night, so I spent some time listening to the radio. Heard an interview with an economist named Peter Schiff that left me a bit shook up. Apparently, this guy was predicting the housing bubble burst back in 2006, and everyone at the time was calling him a fool and laughing at him. Anyways, he is saying that the worst is yet to come. Just wait until interest rates start to creep back up and it will set off a chain reaction which will destroy this country economically. He has a new book that was just released today I believe. I might actually scape up some money and buy it.

[JimG]

Originally Posted by MrsFlapjack

I didn't sleep well last night, so I spent some time listening to the radio. Heard an interview with an economist named Peter Schiff that left me a bit shook up. Apparently, this guy was predicting the housing bubble burst back in 2006, and everyone at the time was calling him a fool and laughing at him. Anyways, he is saying that the worst is yet to come. Just wait until interest rates start to creep back up and it will set off a chain reaction which will destroy this country economically. He has a new book that was just released today I believe. I might actually scape up some money and buy it.

Oh, Peter Schiff is way too depressing. Even if you think he may be right, you can't just go around worrying all the time.

There is an economist in Olathe, KS, Bill Helming, who predicts pretty much the same thing. I read his book. And yet, he seems on the whole a pretty upbeat person, figuring that when the depression ends it will be the start of another long term boom.

I don't know if either of them are right. I just don't see much of any way out of the debt crisis. And if interest rates rise, as they eventually must, the nation will find itself spending most of its income just paying interest on the debt. I'm glad I'm not an economist; the whole thing is rather depressing.

[white sheep]

No matter what happens, my judgement is just a few short decades away, at most.

[Maryann C]

Moral of the story is follow Dave Ramsey's program and get out of debt then one is not slave to interest rates.