Hyperinflation-The Next Shoe To Drop

[Ron]

A couple of good videos.
I went to the grocery store of a large Supermarket chain & the prices for goods that I normally buy has gone up 25%!
Gas is at $4.50 a gallon!

http://www.youtube.com/watch?v=AMY3aJwhfqg

http://www.youtube.com/watch?v=WI1i5...eature=related

http://www.youtube.com/watch?v=r5ifr...eature=related

[mizpeh]

Did you buy the book, Ron?

[EA]

We will experience hyperinflation, but not until late summer/early fall.

[mizpeh]

Time to buy gold and silver?

Why save if the money we save will be worthless?

[EA]

Now is not the time to save.

Now is the time to pay off everything you possibly can.

Eliminate debt.

Make it your goal to "owe no man." Those with debt are gonna be in a world of hurt as this economy sinks further into the abyss.

Now is the time to store up some things you know you will need over the next two years.

Get a wood fireplace or stove. Obama is going to tax energy consumption.

Find a job closer to home. Gas prices are gonna soar toward the end of this year.

We are just now through the initial phase of this collapse.

This is going to get much, much worse.

2009 will go down in history as the year America lost its way.

Foreign powers are watching with glee, and I would not be surprised if we are not tested soon.

[RevDWW]

Originally Posted by Edward Anglin

Now is not the time to save.

Now is the time to pay off everything you possibly can.

Eliminate debt.

Make it your goal to "owe no man." Those with debt are gonna be in a world of hurt as this economy sinks further into the abyss.

Now is the time to store up some things you know you will need over the next two years.

Get a wood fireplace or stove. Obama is going to tax energy consumption.

Find a job closer to home. Gas prices are gonna soar toward the end of this year.

We are just now through the initial phase of this collapse.

This is going to get much, much worse.

2009 will go down in history as the year America lost its way.

Foreign powers are watching with glee, and I would not be surprised if we are not tested soon.

Oh, you are such a doom and gloomer. Haven't you heard that Congress is going to spend our money to get us out of the is little recession? Why it will be all over before 2010 cause the President is not taking small steps on this thing, he is creating great change and doing what the election mandated.

NOTE:The previous message was total sarcasm and should be taken as such and only as such.

[Praxeas]

Originally Posted by Edward Anglin

Now is not the time to save.

Now is the time to pay off everything you possibly can.

Eliminate debt.

Make it your goal to "owe no man." Those with debt are gonna be in a world of hurt as this economy sinks further into the abyss.

Now is the time to store up some things you know you will need over the next two years.

Get a wood fireplace or stove. Obama is going to tax energy consumption.

Find a job closer to home. Gas prices are gonna soar toward the end of this year.

We are just now through the initial phase of this collapse.

This is going to get much, much worse.

2009 will go down in history as the year America lost its way.

Foreign powers are watching with glee, and I would not be surprised if we are not tested soon.

I agree he is gonna tax energy. It's sickening that the bailout is not going to help those that really need it but in the end to pay off all the debt they are going to tax those that really needed that money even more. I love the "we won't tax you"....in income tax through the IRS subterfuge...they are going to tax you in other ways. Obama was heard saying about the 4$ gas we had recently that he was fine with it. That he just didn't like that it went high so fast.

Why? That is his way of helping the green people. While he and gore take limos he wants all us to bus. You can be sure our gas prices will be going up and up, but not all by inflation

[James Griffin]

Originally Posted by Edward Anglin

We will experience hyperinflation, but not until late summer/early fall.

Originally Posted by mizpeh

Time to buy gold and silver?

Why save if the money we save will be worthless?

Originally Posted by Edward Anglin

Now is not the time to save.

Now is the time to pay off everything you possibly can.

Eliminate debt.

Make it your goal to "owe no man." Those with debt are gonna be in a world of hurt as this economy sinks further into the abyss.

Now is the time to store up some things you know you will need over the next two years.



We are just now through the initial phase of this collapse.

This is going to get much, much worse.

2009 will go down in history as the year America lost its way.

.

I would largely agree with this.

I too was blown off and called an alarmist when I stated over a year ago that a 14,000+ DOW was insane, that it should not be over 7,500, and to buy bullion, invest in the Yuan, and energy stocks. Anyone following that advice would have made a killing.

There are two more disasters which will hit before hyper-inflation does.

Wife yelling to head out door. Daughter's school choir program tonight.

Will post about the other two (BOTH bigger than the sub-prime mess) when I get back.

[ILG]

I've been reading Crash Proof. It is interesting.

[ILG]

Originally Posted by Ron

A couple of good videos.
I went to the grocery store of a large Supermarket chain & the prices for goods that I normally buy has gone up 25%!
Gas is at $4.50 a gallon!

Went up since when?