I have found this website to be a very useful source of information on the economy, gold, and silver.
http://goldismoney.info/forums/
sfl
No... Food will be!
I remember gold selling for $35-36 in the early-60s; I wish I’d had the money to buy a pallet load back then. 20-20 hindsight. Heh.
Travis McGee had an easy fix for all of this. You can turn your Greenbacks in for Bluebucks where ten Greenbacks equal one Bluebuck. Your mortgage debt will convert 1:1 though.
imho the fed will be able to solve the problem of increasing velocity of money as the economy improves—not by raising interest rates but rather by flooding the housing market with 2 trillion dollars worth of mortgages they have in their portfolio. that will depress any housing inflation.
The reason we haven’t seen hyperinflation is that they are able to DEFER printing greenbacks, aka Federal Reserve notes.
Instead of printing FRN’s, they print T-bills, bonds, treasuries, whatever with denominations like $25,000,000,000.00 on it.
Eventually, all these hunks of paper out there will try to get converted to real, hard assets.
That isn’t the beginning of the end - that’s the end. That’s like musical chairs, but we’re down to the last chair!