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you said
“ no one can say when it will(start)..”

well the ppoint of the article and evidently the point of John Williams life is to say it’s starting..... soon, which is what he’s been saying for at least five years.

A lot of people have made some wrong investments listening to this guy.

And just how does a “hyper” increase in the amount of dollars in circulation (the definition of inflation) relate to “when hundreds of millions of citizens lose faith in the purchasing power of the currency”???

How do all those disillusioned folks cause more money to be circulating in the economy - ‘cause folks are damn disillusioned now and the velocity of money has been falling like a rock for two or three years = that’s what’s called DEFLATION!

Lurking’

"How do all those disillusioned folks cause more money to be circulating in the economy - ‘cause folks are damn disillusioned now and the velocity of money has been falling like a rock for two or three years = that’s what’s called DEFLATION!"

Monetary inflation is growth in money supply, a stock variable, not velocity. Velocity is a multiplier. Price inflation is a function of monetary supply (a stock variable).

World FOREX holdings started shifting away from the dollar a decade ago (about the time the Fed went full retard mode). The truism in economics is "bad money crowds out good". Which means the velocity multiplier will increase (and so price inflation, which is what is usually being discussed when the term "hyperinflation" is brought up). Anyway the shift in FOREX reserves away from the dollar is a sign that the process is already underway.

But the timing is a little tough to pin down. If a transnational trading currency indexed to something real (like a basket of PM's or commodities) arises that will allow international contracts to settle, people/banks/governments outside the US would start dumping dollars en masse.