This series of videos on hyperinflation - skewed opinions as they are - are the most riveting analytical pieces on the current state of American economic theory that I have seen to date. Peter Schiff, Ron Paul, Jim Rogers, Tom Woods, Gerald Celente, etc. say it like it is and warn of impending doom. One might find their theories on economic collapse, hyperinflation, and financial Armageddon to be fear mongering but they were the few (Peter Schiff & Ron Paul especially) who called the market collapse long before it ever happened.
Personally; I'm not convinced that hyperinflation is coming unless deficits continue to climb year after year at the current rate. US debt owed is still only around 75 percent* or so of national GDP (which is darned high); the only problem is that debt is rising and GPD is falling. 100 percent seems right around the corner with the way Obama is spending money... It's a crazy world we live in. I'm getting into commodities once the next leg down occurs... and if this debt to GDP ratio starts getting above 100 percent I will have a hard time not getting into the hyperinfation boat.
*Update 7/3/09: The debt to national output (GDP) is actually 80 percent now. MOUNTAIN OF DEBT: Rising debt may be next crisis: "The overall debt is now slightly over 80 percent of the annual output of the entire U.S. economy, as measured by the gross domestic product."
Enjoy the following videos.
Personally; I'm not convinced that hyperinflation is coming unless deficits continue to climb year after year at the current rate. US debt owed is still only around 75 percent* or so of national GDP (which is darned high); the only problem is that debt is rising and GPD is falling. 100 percent seems right around the corner with the way Obama is spending money... It's a crazy world we live in. I'm getting into commodities once the next leg down occurs... and if this debt to GDP ratio starts getting above 100 percent I will have a hard time not getting into the hyperinfation boat.
*Update 7/3/09: The debt to national output (GDP) is actually 80 percent now. MOUNTAIN OF DEBT: Rising debt may be next crisis: "The overall debt is now slightly over 80 percent of the annual output of the entire U.S. economy, as measured by the gross domestic product."
Enjoy the following videos.
Hyperinflation Video - Part 1
Hyperinflation Video - Part 2
Hyperinflation Video - Part 3
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