Jack Dorsey: Hyperinflation is happening and its going to change everything

submitted by casparvoneverecBig tiddy respecter from (self.debatealtright)

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[–]TheJamesRocket 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (3 children)

I don't think a hyperinflation is going to happen just yet. You need at least two ingredients for that to happen: An enormous money supply, and a high money velocity. At this moment, we have the former but not the latter. (And thats ignoring the fact that most hyperinflations are preceeded by a bout of deflation, which we haven't observed yet)

Its good to warn people about the dangers of the U.S. governments insane economic and monetary policy. But I would be cautious about shouting that the collapse is going to happen any day now. My timeframe is that it will probably happen in the next 4 years.

Stockpile food, weapons, and precious metals. Learn survival skills.

[–]TheJamesRocket 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

On the other hand, I am going to have a really good laugh if the United States does collapse within 4 years from a financial crisis. That would be the height of irony, if the U.S. ends up going down exactly like the USSR.

If that does happen, then the posters in my recent opinion thread who opined that the U.S. would not collapse anytime this century will look very silly in retrospect.

[–]Blackbrownfreestuff 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Agreed, the threat of inflation is being blown out of proportion. Inflation is real, but it is and will continue to be mild.

[–]Wrangel 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Inflation doesn't jump from 1% to Zimbabwe overnight. Rising inflation doesn't mean we will get hyper inflation. It is more likely that we get 15% inflation that lasts a couple of years. That would cut the value of money in half.