Wednesday, October 21, 2009

U.S. Hyperinflation

Excerpt:

Peter Bernholz (Professor Economics in Basel) studied the world's 12 most important periods of hyperinflation and discovered that the tipping point occurs when deficits amounted to 40% of the expenditures.

For the United States we have arrived at exactly that point. The deficit of $1.5 trillion amounts to 41.7% of the $3.6 trillion in expenses.

http://wallstreetpit.com/11369-us-hyperinflation

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