Is the US on the road to hyperinflation by design?

[Karmadillo]

http://www.zmag.org/content/showarticle.cfm?SectionID=10&ItemID=9494

China and the Dollar

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Greenspan knows that low interest rates (“cheap money”) cannot always forestall disaster. If China starts a sell-off, its doomsday for the greenback. Japan would be forced to sell, with Germany close behind. The smaller nations would join the feeding frenzy, followed by the hedge and pension funds. It would be like a stroll through the Weimar Republic in the early 1930s.

So, what’s next?

On Monday, the Fed will “preemptively” sluice zillions into the system to increase liquidity and stave off a possible run on the dollar. That way they can maintain the appearance of normalcy while what little is left of American middle class wealth is shifted into the flannel pockets of the central bankers via inflation. This will put the American economy on a long downward trajectory to third-world penury.

America is on the road towards hyperinflation; designed to savage the middle class, undermine popular social programs, crush organized labor, privatize all areas of the federal government, and “flatten” the workplace (to use the language of globalization guru, Tom Friedman) so that Americans will be forced to compete with the poorest paid workers in the world.

The effects of massive deficits are entirely understood. Eventually, the chickens come home to roost and the poor and middle class suffer horribly. It won’t be any different this time.

[sabbat hunter]

1. hyper inflation

ruins millionares as their millions become worthless and as money is pumped into the economy, everyone has millions in worthless dollars. banks close up as people pay off loans with overinflated money.

so no we are not on a forced road to hyper inflation because it would effect all classes including the rich and all countries.

[whalerider55]

4. you are assuming...

that millionaires keep their holdings in dollars.

whalerider

[cyberpj]

6. great minds think alike whalerider55. nt.

[sabbat hunter]

8. most millionares

have their investments in dollars.

plus hundreds if not thousands of companies would go belly up. hyper inflation in the US would cause a worldwide depression.

this would not help anyone.

[cyberpj]

5. Well, you're assuming they keep all their millions in dollars.

Just a thought.

I just happen to think that along with all that off-shoring of jobs came a huge amount of off-shoring of profits (tax-evasion you know).

[Telly Savalas]

12. So it's the middle class and poor people that have the vast

majority of dollars? I kind of doubt that.

[spinbaby]

2. Makes sense to me

They took our pensions, they're killing our social security, why not make our 401ks worthless, too?

[raccoon]

3. Hyperinflation is very demoralizing to people; even plain old

inflation is. It could cause a lot of social unrest. Even the elites might find their behinds at risk. It'd be like burning down a house to get rid of a rat.

[ret5hd]

9. gitmo, patriot act 1 & 2, wiretapping, election rigging...

gated communities, private security forces (kb&r, blackwater, etc), etc etc etc.

just what do you think they are preparing for? a picnic?

[unblock]

7. the only way this makes sense as a deliberate strategy

is if the elites causing it -- the wealthy people whose USD-based wealth would be severely eroded by hyperinflation -- are about to and/or have already shifted their wealth out of the us.

i.e., this only makes sense if their plan is to chew up the us and spit us out when done with us. possible, but not likely, at least not as an intentional plan.

now, as an unintentional consequence of their actions, that's another story....

[ret5hd]

10. it is not properly described as unintentional or deliberate...

it is properly described as 'inevitable'...as soon as money is based on nothing but faith in theee government, it is...inevitable.

[happydreams]

11. This liquidates the debt as I understand it.

This is what Hjalmar Schact accomplished as the Weimar banking chief.

[AngryAmish]

13. I think this article is nonsense

For reasons previously stated.

[RufusEarl]

14. I'm under the impression,

this it what they've " Bush Admin" had planned all along, they want to destroy the federal government. Do away with social programs and entitlements, SS, everything that in the past has helped the poor and middle class. I noticed that gold has gone up in price once again, I think thats were most wealthy people have their capital. Of course it's just a guess on my part, I'm not in that group.