Saturday, September 22, 2012

Inflation is just around the corner

With the Federal Reserve set to pump 20,000,000,000 into the economy every month and with zero new production, the stage os set for hyper-inflation.

What is hyper-inflation?

That's when the prices on everything go up daily; sometimes hourly and the money becomes worthless.

It has happened before when countries in deep debt like what we are in start printing money instead of cutting expenses. Look up Mexico, Argentina. Germany, Brazil, They all had to change their currency because their currency went hyper-inflation. The chaos during the re-building was terrible for the people of these countries.

Yes, times will be very tough if we cut US Expenses and many people will be hurt. But that is when the churches and families will need to pool their resources to feed those who are hurt the most - just like we did in the 1930s depression.

The alternative is that the entire United States will financially collapse and everyone will be ruined and instantly poor. That means all our savings and all our IRAs and all our cash will become worthless.

The United States is between either hurting some people or collapsing financially totally ruining everyone. Neither outcome is good. BUT one out come will allow the United States to re-build our economy and survive.

The choice is a difficult one but a choice that needs to be made. The sooner the choice is made the fewer people will be hurt.

Staying on the course we are on, it is not a question of IF --- It is a matter of when.

And that's the way I see it...
Straight Talk with Jay Clifford