If you do, buy your oil, food & stuff NOW.
Posted by ping (Member # 6974) on :
quote:Originally posted by grandmother: I expect hyperinflation, this year or next.
Do you agree?
If you do, buy your oil, food & stuff NOW.
grandmother - I think the economic situation will be mixed and the most unusual in our history. We will have deflation and hyperinflation at the same time. The biggest reasons and differences? THE CREDIT CRISIS, US DEBT & HIGH UNEMPLOYMENT!
Hyperinflation: FOOD and likely petroleum products
Deflation or prices falling: HOUSING and most other things. Why? HIGH UNEMPLOYMENT OR UNDER-EMPLOYMENT!
The US has NEVER had a debt and credit crisis of this magnitude in its' entire history and it changes the rules in a not-so-clear way. There are only so many "tax breaks" that our government-not-for-the-people can give, but if citizens don't make enough money, well, forget it!
Live Free or Die!
Posted by LymeLearned (Member # 20565) on :
oddly, the most common cause of bankruptcy is medical costs