meet uncle sam ..., page-10

it depends what we mean by hyperinflation , a lot of people reference Zimbabwe or Wiemer Germany and think of that as hyperinflation

these events we very localized Zimbabwe printed to buy USD service debt . Germany did the same to buy gold

these were governments printing money to service outside contingencies they were not credit based events

inflating a reserve currency and 14 banks doing it in order to grow credit is a very different situation

the expectation that wheel barrows to buy bread will be needed as governments print to infinity doesnt reflect the system we are in at present

gold isnt related to inflation anyway, its just as good in deflation as it is in inflation, this simplistic idea that gold goes up when inflation goes up is a myth

there is no ready reckoner correlation , people attach themselves to these ideas because they seek comfort through simplistic formulas of how the world works

or they lack the intellect or the energy to understand how it works

so simple formulas work for most people eg the US is printing money, it will crash to zero, hyperinflation will destroy the USD, hold gold till 5-10k then sell at the top

this kind of formula is popular because its easy to understand

the problem is that thew world is in it x100 time deeper than this formula suggests

yes it could take 1-5 years to pan out

my view is its 1-2 years

then the entire economic world will implode and we will have to re build

occasionally this type of thing comes along in history, its a shame we have to live through it but thats life

Australians will hold onto to the idea we are ok until we arent

the global realization of what has happened will change policies and systems forever

holding gold stocks through this period is completely crazy

hold gold and silver physical the rest is nonsense