http://www.shadowstats.com/article/292
What do our resident Economists think about this.
Personally I think the hyperinflation is going to be a jump-start mechanism for a new currency - the Amero. How better to introduce a new fiat currency then by destroying the old one, and in the process get more countries involved. It’s a win-win situation for the state…
one of the following (in no specific order, and possibly in combinations of one another):
1.) Amero, NAU, etc. etc.
2.) Another war.
3.) 2nd Civil War over resources and/or over martial law.
4.) Martial Law
5.) Gradually nothing, disintegrating economy, lameduck president, ??? (out with a whimper?)
6.) False Flag Operation & Suspended Election
7.) More of the same, little to nothing getting done, gradual disintegration of debt-based economies & emergence of competiting & alternative economies (gift, gold & silver, time, barter based, etc.) in order to somehow cope with whatever mighty economic hell awaits.
I really can’t say for certain though, aside from various types of the proverbial hitting the fan, in unknown quantities, of unknown varieties.
Candy*.
Lots and lots of candy*. For everyone.
- Candy may actually mean crippling impoverishment over a span of several years/decades due to an Obama administration that will embark on a FDResque New New Deal. Starting with price controls to prevent ‘speculation’ (or whatever the hip catchword is then) and building up to nationalizations.
Out with a wimper. There is not going to be something on the order of the German economy of the 1920s. We are in a weird replay of the 1970s. There is only one ending. That is extremely high interest rates from the Central Bank that will slow lending and slow the economy enough to gouge out unproductive and un-politically connected businesses. The end is not armageddon but more interventing by the legislature that ends in a slow growth highly regulated welfare state.
I’ve been mulling this over for some time now, with a couple of guys at work. I think 7 (slow decline, depression, collapse) is the most likely, with 1 (Amero, NAU), the least likely.
And I think the time frame is no sooner than after 2012. This economy has one more bounce left in it, and I suspect 09-10 will actuallly look like relatively good years, with crude dropping back to around $100 this year and climbing slowly over the next couple toward a massive rise later.
The reason I think 2012 is that that is when several factors come into play. The baby boom entry into SS peaks in 2010, and the burden on those still working becomes overwhelming (and add new life-extension tech to the mix, and those people stay on SS a lot longer than they ever did before). The one last boom that the fed, etc., have the ability to manufacture will have played out, leaving them nothing more to work with. And, it’ll be re-election season for this years new Dem president. After consolidating power and assuring a second term, the gloves can come off.
If there’s going to be a cancelled election, it’s likely to be the 2016 Presidential. But they don’t need to cancel it, they just have to rig it.
None of this is based on any methodical economic analysis, just a collection of hunches, experience, and extrapolation, so anything could happen, and it could happen tomorrow or not for another 20 years. The upshot is that while I believe collapse is inevitable, I don’t think it is as imminent as a lot of people think. This economy is way more resiliant than anybody gives it credit for, and even though the tools and resources needed for that resiliance are eroding rapidly, there’s still enough freedom in the markets for it to muddle through for a while longer despite the state’s best efforts.
The only thing any of us can do is be prepared for the worst - gold, silver, agorist networking, secure communications, secure property outside the biggest cities, some food storage, etc. - but also be prepared to take advantage of the opportunities and growth that is possible when it doesn’t collapse as soon as so many people think.
The most likely scenario is one we haven’t thought of and can’t prepare specifically for. The Black Swans are flocking, and we really can’t know which one will swoop in.