PETER SCHIFF ~ US Banks Are Worthless ~ Kudlow & Co. 1/20/2009

piers2210 · 01-22-2009, 12:40 PM

Yes, it was interesting when the subject in the Ron Paul interview got onto "inflation"...or shall we say "hyper-inflation", because with an increase in the US money supply of 70% since October (that statistic still blows my mind) you are talking of inflation far exceeding small percentage increases.

The interviewer asked Paul if he thought the USA might reach Weimar Republic wheelbarrows of money status, to which Paul replied that it wouldn't go that far, but they were talking about obvious significant inflationary pressure...how could there not be with such a massive increase in the money supply??

This affects all economies which are inextricably tied to the US economy ie the UK for one. And we in the UK already have a currency that is fast approaching banana republic status as a world currency. That means we cant import foods and products we need...because everything is too expensive.

Enjoy luxury products while you can!

01-22-2009, 12:40 PM	#4
piers2210 Avalon Senior Member Join Date: Oct 2008 Posts: 403	Re: PETER SCHIFF ~ US Banks Are Worthless ~ Kudlow & Co. 1/20/2009 Yes, it was interesting when the subject in the Ron Paul interview got onto "inflation"...or shall we say "hyper-inflation", because with an increase in the US money supply of 70% since October (that statistic still blows my mind) you are talking of inflation far exceeding small percentage increases. The interviewer asked Paul if he thought the USA might reach Weimar Republic wheelbarrows of money status, to which Paul replied that it wouldn't go that far, but they were talking about obvious significant inflationary pressure...how could there not be with such a massive increase in the money supply?? This affects all economies which are inextricably tied to the US economy ie the UK for one. And we in the UK already have a currency that is fast approaching banana republic status as a world currency. That means we cant import foods and products we need...because everything is too expensive. Enjoy luxury products while you can!