Thursday, May 12, 2011

James Turk: Nations That Run 40% Deficits Develop Hyperinflation

James Turk's latest today examines a topic our readers are very familiar with: the consequences of our national debt and deficits.  Turk states that a trigger point will soon initiate a collapse in confidence in the US dollar, and that the US dollar will be history 6 months after this collapse in confidence. 
The only thing that can prevent a full-out hyperinflation episode of the US dollar is a new backing or conversion to gold and/or silver (at much higher valuations than the current fraudulent COMEX prices).  Outside of this, we give the US less than 2 years before the dollar follows in the footsteps of Wiemar and Zimbabwe.


Click here to read James Turk's entire analysis: