Headed for Hyperinflation

I’m not an economist. Milton Friedman is. He said at one point, “Inflation is the one form of taxation that can be imposed without legislation.”

While I may have never taken a college economics course, I do understand the concept of supply and demand. Again, I am no economist, but in looking at what is called “the housing crisis” I ask, how could the market have done anything other than collapse? Of course hindsight is always 20/20, but when comparing the laws of economics to what has occurred in the last 5 years…

Some people warned that the housing bubble was going to burst, changing the charts forever. These people were obviously ignored. One person I would think should have foreseen this inevitable outcome would be Ben Bernanke, Chairman of the Federal Reserve. Unfortunately, he either sincerely thought everything was going to be alright while couples with horrible credit and little money went around buying houses with no money down, or he lied. Either he is extremely under qualified for his position, or there is some conspiracy surrounding the housing crisis. Supply and demand is pretty basic stuff I think. What do you think?

There is something else that has been taking place in this country for quite some time…inflation. It again is directly linked to supply and demand. To those who think the recession’s over and everything’s getting back to “normal” I ask, what’s the basis? What has occurred to make those people believe we are somehow recovering? Is it the stock market rising a couple thousand points since it was cut in half? Is it the newspapers, magazines, or internet? Based on what I’ve recently seen, foreclosures are still rising, more banks may be shut down, our government continues spending money, unemployment is still rising, and the majority of Americans have no clue what is going on with the $787 billion spent to get us out of this “recession”.

How did our leaders come up with $787 billion as the final number to “reinvest” in our economy? Forbes brought up that question getting this response by a Treasury spokeswoman; “It’s not based on any particular data point, we just wanted to choose a really large number.”

That’s pretty bad. However I think what’s worse is what took place shortly after that. While people were angry over AIG execs getting big bonuses, which were later illegally overtaxed, our Federal Reserve printed $1 trillion dollars. What will this lead to?…hyperinflation. Hyperinflation is created when a really large amount of money is thrown into our economy without being supported by the growth of goods and services. This is what George W. Bush did and what Barrack H. Obama has expansively continued.

What is the answer? I don’t know, again, I’m the college dropout. I do know that education is critical and that education comes in many different forms.

I will not be sending or posting anything for about 2 weeks. In this time, I strongly encourage you to watch Hyperinflation Nation. It is a 30 minute video broken up into three segments.

My prayer is that through exposing what I believe to be the truth, I may help others prepare how they see fit for coming days.

http://www.youtube.com/watch?v=SzmYI_4XCbM

God bless America