Comments on: If Hyperinflation Strikes, What Would You Use as Currency?

By: mark

mark — Tue, 29 Sep 2009 06:55:39 +0000

I believe people will band together. This world will become a huge dump. The powers that be will spend are last tax dollars on a moon base that will morph into a resort. In the next 30 yrs the rich people of this world will leave this planet. They will live on the moon and leave the world to the poor. Only taking from this planet. They on the other hand will have cyborgs to take care of them. Not trusting poor humans in space to service them.
That is the future. Two worlds one for the rich and one for the poor. They will likely forget the poor on earth, and let the cyborgs manage them.It’s not the N.W.O. it is the ; Two world order!
Ha just kidding. I think things will turn out fine… just fine…. :}

By: RC Brooks

RC Brooks — Thu, 21 May 2009 18:34:18 +0000

I do think some steep inflation is coming. Even gold would be of limited use, save for trading between countries. I feel that barter is going to be the best way to hold value.

The EU is becoming increasingly more unstable. In fact, with nationalism on the rise in many countries, it is unlikely any one world government or monetary system could take hold in the next decade.

I do think that we will see a major conflict between technologically advanced countries in the next two decades.

Barring a plague of some fashion or other major catastrophe, holding onto things people NEED will be a good way to hold value. Tools of all fashions will always be of value, whether something as simple as screwdrivers or needles, or even air hammers and sewing machines. Anything people use to make something else. At the very least, loses are minimal over time.

By: Bobby Hawk

Bobby Hawk — Mon, 09 Feb 2009 17:43:50 +0000

Since we are currently backed by only about 28% gold to dollars, printing more money will only serve to make that situation worse. Its that point at which people understand that the paper money is worthless is when the evil hyper-inflation starts to become active and hysteria sets in.
Do I think it will occur? The answer is yes. Most certianly it will occur. It always occurs just before a huge war, and this timeing will be no different.
With the stimulus package not showing any signs of improving the economy or job growth in the next 6 months, the current administration will react by suddenly ending the wars in Iraq and Afghanistan. They will take that money and throw it after more Democratic stimulus (the same type of government spending that did not work initially).
With Iraq and Afghanistan destablized, Iran will move in and take over. Next this now re-constituted Persia will take over Pakistan and become a nuclear powered Islamic extreamists state. It will move against Israel to destroy the state of Israel.
But what about the US? It will become part of the world power that will move against Persia. Further it will become part of the world bank and its monetary system will be controled and issued by that bank.
The result will be one world order under socialism/communism and one world currency under the world bank.
I expect the hyperinflation to start within the year. and the building of the Persian empire within the next two years.
Before the O would have left office, we will be part of a socialist/comunist one world government.

By: pam munro

pam munro — Sat, 17 Jan 2009 21:31:17 +0000

My collection of various vintage items – including lots of vintage costume and semi-precious jewelry could always go on the block. I have sold off excess rhinestones before – ones I didn’t particularly like – and vintage costume jewelry does have a market – ditto collectibles – I guess life would be one big yard sale! But seriously – diamond rings are an informal bride price – and women have always counted on the jewelry in hard times – think about it. If nothing else, as they are advertising on TV – you could turn in all your gold for the value of the metal itself….

By: Boss

Boss — Thu, 15 Jan 2009 04:51:15 +0000

Dear TML,
First,my profound thanks for recommending The Coming Generational Storm. An invaluable book to anyone interested in our country and the world. Perhaps one of the best books on the subject I’ve ever read. I would be interested in your and the reader’s opinion regarding I-Savind Bonds and TIPS as inflation tools. Many thanks. Boss

By: Strabo

Strabo — Wed, 14 Jan 2009 06:38:03 +0000

Gold was never and will never be a “emergency currency” during hyperinflation. It always comes down to a barter system, as anyone could see at the examples of Germany after WW II or more recently in Simbabwe. Gold is a part of this barter system for large transactions at best, useless at worst (because food is more precious than practically useless metal if it comes down to the worst).

By: MasterPo

MasterPo — Sat, 10 Jan 2009 02:09:32 +0000

There is no question that big inflation is coming. There is just no way Obama can print and spend $1-2 trillion (on top of the $1.2 trillion in deficit already) then pass it off as saying “We’ll just pay it off later” – WTF?!?!

I want some of whatever he has been smoking.