Friday, June 04, 2010

Worse Than A Depression

by Monty Pelerin - June 4th, 2010 - American Thinker

We have seen many "impossibles" in the last couple of years. Be prepared for the next -- a hyperinflationary depression. It is not impossible, it is not an oxymoron, and it should surprise no thinking economist. It is nearly upon us.

Your lifestyle will depend on how prepared you are to meet this newest, biggest, and most horrific Black Swan. This beast will destroy economies, overthrow some governments, and alter the nature of the world.

In a nation with intractable unemployment, hyperinflation is going to create a pressure for blood in the streets. When people cannot feed themselves or their families, the illusion of civilization will be stripped away in very short order. Some of the possible scenarios? Generational war. Race war. City-versus-rural war. Rich-versus-poor war.

With little warning your best friend could become your worst enemy. People who voted for the unrealistic phenomenon of Barack Obama were merely hoping against hope that someone could make the real world go away and keep the dream of socialism alive. America has been burning the candle at both ends for so long, only the Obama delusion could keep it going for a while longer. Reality had nothing to do with it.


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