Hyperinflation – Could It Happen Again?
Hyperinflation in Germany! This video tries to explain the economic process of inflation; how the Weimar Government reacted and how it contributed to the Year of Crisis 1923
Real Inflation – Another Reason to Own Gold
Deflation is another case of how to lie with statistics, a scheme that this government and the Fed has been particularly adept. One should understand that the inflation statistics include the cost of housing which last month was down .7 of 1%. For most of the home owners and renters whose out of pocket costs did not decrease, this had no effect. On the other hand, the cost of food, gas, medical, education and taxes were up. This represents real inflation to most Americans. If the cost of housing were left out of the calculation, inflation would be on the order of 5 to 6% a year.
Government Moves To Hike Inflation
On election day the Federal Reserve announced its QE2 plan of purchasing 600 BILLION of Treasury notes over the coming months. Just when the voters said stop the excessive spending, the Fed couldn’t care less!
What the majority of the public does not realize is that this is being done to increase inflation in hope of paying back some of our huge debt with dollars that will be worth much less. But, this inflation will affect every US saver by decreasing your purchasing power. If today you could purchase a car for $25,000, it’s very likely that same car five years from now, will cost $30,000 just because of this Fed action! Read more
Shiff on Dollar Sell-Off
Peter Schiff on the dollar sell-off and his forecast for the U.S. dollar and the economy.
Dollars Into Gold
The U.S. dollar has lost 89% of its purchasing power over the past 59 years. The $10,000 life insurance policy held by the World War II veteran on his return home represented a significant amount of money in the 1940s. Now, that policy would barely cover the cost of a burial plot and funeral for a war hero. But the material decline in purchasing power is in no way a given, and the precedent for stable prices has a longer history than the era of inflation we have endured for three generations. From 1800 to 1929, the value of the dollar was stable – there was essentially no change in consumer prices for 130 years. It is ironic that the beginning of the inflation tidal wave started shortly after the creation of the Federal Reserve Bank in 1913, an entity designed to preserve price stability. metal detecting









