Anatomy Of Hyperinflation

By Michael Pento – Re-Blogged From Silver Phoenix

Two drones filled with explosives were recently deployed in a failed assassination attempt to take out Venezuelan President Nicolas Maduro. Chaos filled the streets as the military ran for their lives. But this sort of pandemonium is commonplace in Venezuela today: Where citizens have run out of basic necessities such as toilet paper and have begun eating their pets in order to stay alive. The mainstream Keynesian-brainwashed media doesn’t talk much about Venezuela or hyperinflation; perhaps because they are viscerally aware that the seeds of intractable inflation on a worldwide basis have already been sown by the global elites–and they don’t want to frighten you.

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Ancient Dollars And Gold Bullion

By Gary Christenson – Re-Blogged From Gold Eagle

Consumer price inflation is real. It sneaks into every facet of life. Bags of coffee shrink from 16 ounces to 12 ounces and then to 10 ounces. “Shrinkflation is policy. That Snickers candy bar is smaller but costs the same or more.

But don’t blame the candy industry, coffee distributors or automobile manufacturers. Fiat currencies create the problems.

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Venezuela’s Annual Inflation Rate Has Reached Over 4,000 Percent

By Sydney Jones – Re-Blogged From https://ijr.com

In 2017, Venezuela’s annual inflation rate rose to 4,068 percent, according to reports made by the opposition-led National Assembly.

According to The Wall Street Journal, the inflation rate has risen so rapidly that the government cannot print money fast enough to keep up with the demand. A U.S. dollar currently is worth more than 200,000 bolivars, the Venezuelan currency.

TOPSHOT-VENEZUELA-CRISIS-ECONOMY-PETRO

Federico Parra/AFP/Getty Images

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Money That “Rots And Rusts”

By John Rubino – Re-Blogged From Dollar Collapse

In the next downturn (which may have started last week, yee-haw), the world’s central banks will face a bit of poetic justice: To keep their previous policy mistakes from blowing up the world in 2008, they cut interest rates to historically – some would say unnaturally — low levels, which doesn’t leave the usual amount of room for further cuts.

Now they’re faced with an even bigger threat but are armed with even fewer effective weapons. What will they do? The responsible choice would be to simply let the overgrown forest of bad paper burn, setting the stage for real (that is, sustainable) growth going forward. But that’s unthinkable for today’s monetary authorities because they’ll be blamed for the short-term pain while getting zero credit for the long-term gain.

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The Penny vs The Dollar

   By Bob Shapiro

The move is on again to get rid of the Penny from US Government official coin production.

Sen John McCain s sponsoring the Bill because currently, it costs around 4 cents to make a Penny. This is even though Copper prices today are down significantly over recent highs. Besides, the Penny was gutted many years ago, leaving almost zero copper in the coin anyway.

I expect that this round of Penny Pinching will come to naught just as past efforts have. Prior efforts were fought vigorously – and successfully – by the Illinois delegations in Congress. Remember that Lincoln, whose face appears on the Penny, is a state hero in Illinois.

OK, so if we are not likely to stop losing money on minting Pennies by stopping the minting of Pennies, how else can we achieve this worthy (if not monumental) goal? As you might expect, I have a suggestion.

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Stop Using National Credit Cards! Just Pay Our Bills!

By http://www.BizarroWorldUSA.com – Re-Blogged From iPatriot

For just shy of eight years now the United States has been economically hindered by the distorted interpretation of economist John Maynard Keynes’ twentieth century economic theory.

Application of Keynesian economics extended the Great Depression longer than necessary as it has for the recent recession.

Classic economic theory suggests that world and national economies experience rises and falls. Periods of stagnation can be moderated with reasoned spending and by controlling variable expenses. Keynesian economic theory, on the other hand, advocates that increased government spending in times of downturn spurs the economy resulting in shorter downswings. The flawed theory doesn’t work in a personal or household situation and it most certainly doesn’t work for individual states or nations. In fact, the larger the entity and economic platform the more in-congruent the premise becomes.

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At This Current Pace, A Record-Shattering 2.4 Trillion Dollars Will Be Added To The National Debt This Year

By Michael Snyder – Re-Blogged From http://www.EndOfTheAmericanDream.com

Barack Obama is about to become the 20 trillion dollar man. With less than two months to go in his second term, the U.S. national debt stands less than 150 billion dollars away from the 20 trillion dollar mark. And at the pace that the debt is increasing, it seems almost certain that we will cross 20 trillion dollars before Inauguration Day. After promising us that “deficits are under control”, the federal debt jumped by more than 1.3 trillion dollars last fiscal year, and so far this year it is on pace to rise by a record-shattering 2.4 trillion dollars. This is a recipe for national suicide, and yet it wasn’t even a major issue during the recently concluded presidential campaign.

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It is really, really hard to spend a trillion dollars. For example, if you were alive when Jesus was born and you had spent a million dollars every single day since that time, you still would not have spent a trillion dollars by now.

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