United States
Hyperinflation Crisis
- Part III
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United States Hyperinflation Crisis
|Part 1|Part 2|Part 3|US Hyperinflation - Why are experts and analysts saying that we are moving into hyperinflation in the US? What is US hyperinflation crisis and why would it be necessary to turn Crisis to Profit?
5 - Could It Be? -18) Could the United States - thee United States - really head into hyperinflation crisis? 19) Hyperinflation is a hefty situation, is it not? Yes, hyperinflation has had a rather regular role in global financial history and has repeatedly ravaged numerous nations, although, the US, is a might financial power - too big to fail, in a sense - is it not? 20) Could it be that the evidence is apparent and it is simply too difficult to look at? Could this question of US hyperinflation crisis simply be too powerful to observe? Too shattering to the soul? Too paradigm shifting? 21) Rob McEwen is the CEO and Chairman of the Board at US Gold; Executive Chairman, Director, President & CEO Minera Andes; winner of The Northern Miner's "Mining Man of the Year", and recipient of the Order of Canada, Canada's highest civilian honor. During an interview with Eric King of King World News, Mr. McEwen shares a word on this matter that you may find to be of interest, indeed you may even relate: “This is really the time when people should be concerned about how they're holding their wealth and retirement savings and that the dollar, is in peril and that their retirement and their wealth is in peril as well. ...the expression of [the dollar fall shocking the world] is...the price of gold going up, the price of silver going up. The world – not a large part of it yet – but the world, a certain portion, is saying, 'I think that dollar's in trouble and I better diversify out of the dollar into another currency.' And I think the hard part of it is – that most people might think that the dollar could weaken, but it's unpatriotic to think about selling dollars and going somewhere else and it's inconceivable that the most powerful nation in the world is – shrinking... And its currency, could actually go the way of some of these other countries, which had inflation and saw the debasement of their currency. I think it's just, really hard to get your head around – the dollar really could be at a point, where, it's going to drop to lower levels.” 22) Lee Kuan Yew, Minster Mentor of Singapore comments on the role of the United States in global finance: "China...is becoming a giant power. The world hopes the U.S. will remain a counterweight to China. No other single country or group of countries, such as the EU, can fill this role... China says it [worries] about America's long-term ability to perform this role because of its sluggish economy, high budget deficits, huge total debt, and serious unemployment levels..." 23) Felix Dennis, the man behind the magazines Maxim and The Week, says about US financial crisis during an interview with Forbes: "These are very difficult times. [The United States is] still the most important country in the world, but everybody is terrified because they can see that coming to an end. As a guy born at the end of the British empire, could I say maybe that's not such a terrible thing, brother? 24) Forbes then echoes, "The U.S. still dominates the global ranks but is losing its grip." 25) It may be that US hyperinflation crisis - or another facet of US crisis - is analogous to one of those instances when logic, statistics, trends, social sentiments, market analysts, expert economists, and financial wizards are generally pointing towards some sort of decline or demise and the mind, simply prefers not to accept such a conclusion. Perhaps the mind will accept it as a topic of discussion or the source of a stream of profit, though not as an actual, threatening occurrence. 26) In The GFCzone, we are not entirely sure at this point, though we are active and value caution - which can be noticeably useful during crisis. In even the tightest nooks and crannies of the zone, the question still seems consistently able to squeeze in. 27) Information abounds, and as monetary officials such as Dr. Ben Bernanke of the Federal Reserve, and Dr. Dominique Strauss-Kahn of the IMF have given little to no credence to US hyperinflation as an option, financial officials such as Nouriel Roubini of NYU, Dr. Marc Faber of Marc Faber Ltd. have emphatically upheld that current trends could prompt hyperinflation. 28) A simple search of the internet for the phrase - "hyperinflation" could result in enough recent information to absorb and become well aware of its prevalence in US finance. 29) So what remains? Prudence and preparation, perhaps. 30) In the meantime and in the event of - hyperinflation crisis, there can be profit. It could be useful to act is if US hyperinflation crisis were immanent, and educate, prepare, and profit in such a way that if it were to come, there would be success, and if it were to remain simply a topic of discussion, there would be success. This is a major purpose of The Global FC Zone - turning Crisis to Profit - using a solid base of education to hedge against the 'what if' and profit from the 'right now'.
6 – Moving Forward -31) Essentially, for our present purposes, the question of United States hyperinflation crisis is – to what extent would the United States have to fund debt obligations, desires for capital for commerce, and survival needs (food, defense) by creating enough currency to spark an explosion of hyperinflation crisis? Further, to what extent can investing in
commodities,
gold, silver,
real estate,
foreign currencies;
emerging markets such as
Asia,
Africa, and
Latin America;
foreign stocks,
and
global business
assist in turning
hyperinflation Crisis to Profit?
Some analysts who discuss hyperinflation crisis, such as G. Griffin, CFP, believe that not trading dollars for commodities or other comparatively safe assets and holding dollars is not risky, because “it is guaranteed that you will lose everything.” On behalf of The Global FC Zone, Crisis to Profit. Roth
Sources -1) http://www.imf.org/ 2) Stern, Linda. "Stern Advice: The great inflation debate.” http://tinyurl.com/4ann6a8 3) Maloney, Michael. Guide to Investing in Gold and Silver. 4) http://www.federalreserve.gov/ 5) http://www.usdebtclock.org/ 6) Faber, Marc. “Dollar Will Eventually Go to value of Zero.” http://www.youtube.com/watch?v=qd1WCcoDsvM&feature=related 7) Faber, Marc. “US will default on debt or enter hyperinflation.” http://www.youtube.com/watch?v=loa92ZG1KV8 8) Faber, Marc. “Marc Faber Outlines the End Scenario.” http://www.youtube.com/watch?v=nasMgjgzD2U&feature=related 9) Barrons, Roth E. Born to Die: Rising from the Explosion of the Global Financial Time Bomb. 10) “How Japanese Hyperinflation Could Turn The US Dollar Into Toilet Paper.” http://www.businessinsider.com/japans-hyperinflation-nightmare-2010-1?op=1 11) http://www.bls.gov/oes/current/000001.htm#00-0000 12) http://www.theglobalfczone.com/Debt-2.html
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