If the 1st world central banks and governments start behaving like the Zimbabwe Reserve bank and government, then yes, it can.
As an aside, I keep asking myself why the 1st world banks, knowing full well that businesses and citizens were carrying unprecedented levels of debt; Why did they deliberately increased rates in lockstep until they triggered the collapse of asset markets - the deflationary collapse we are now witnessing.
And then they went on to nationalize the banks - what were the pillars of free capitalism.
What's next? - to nationalize the infrastructure privatized over recent decades?
And why do some of those nationalized banks now have the ability, for the first time ever, to issue government backed paper, and are doing so with abandon? The M3 supply growth, a stat killed off by the Fed in anticipation of this over a year ago is now, I believe, being independently tracked and is a few hundred percent annualized!
And all the time the assets of the citizens have been burnt to cinders. Just what will all the recipients of this fresh money be doing with it? Will they be banned from the asset markets?
No! They will be buying our assets off us for pennies, and we are supposed to be thankful for it!!
The only thing preventing them from taking our last item of value - our freedom, is the fact that all 1st world citizens are behaving with such decorum in the face of government intervention and manipulation.
