Sunday, May 12, 2013

Hyperinflation – America Built Upon A House Of Cards

The economy within the United States today is nothing more than a hyperinflationary house of cards just waiting to completely fall apart. America has been down this path before, however today things are quite different than say during the late1970’s through the early 1980’s. Today just one small fragile mistake will allow this house of cards to collapse, taking America right into hyperinflation.
Hyperinflation is defined as a very high rate of inflation or inflation that has gone out of control. There are several definitions, on the low end it’s defined as a consecutive accumulation of inflation over a three year period averaging 26 percent annually reaching 100 percent by the end of the third year. While on the high side, inflation can exceed 50 percent per month. Even lower degrees of inflation will still wipe out savings and purchasing power within a short duration of time…


 

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