Bitcoin Forum

Economy => Economics => Topic started by: marcus_of_augustus on June 02, 2011, 10:34:22 AM



Title: Hyperinflationary collapse report
Post by: marcus_of_augustus on June 02, 2011, 10:34:22 AM
Shadow Statistics.

http://www.shadowstats.com/article/hyperinflation-special-report-2011

Great Collapse Nears

The U.S. economic and systemic-solvency crises of the last four years only have been precursors to the coming Great Collapse: a hyperinflationary great depression.  Such will encompass a complete collapse in the purchasing power of the U.S. dollar; a collapse in the normal stream of U.S. commercial and economic activity; a collapse in the U.S. financial system as we know it; and a likely realignment of the U.S. political environment.  Outside timing on the hyperinflation remains 2014, but there is strong risk of the currency catastrophe beginning to unfold in the months ahead.  It may be starting to unfold as we go to press in March 2011, but moving into a full blown hyperinflation could take months to a year, beyond the onset, depending on the developing global view of the dollar and reactions of the U.S. government and the Federal Reserve.


Title: Re: Hyperinflationary collapse report
Post by: fabianhjr on June 02, 2011, 01:06:48 PM
Read small parts of it, then I realized it was good.

I highly suggest it, it is a well done article. :)


Title: Re: Hyperinflationary collapse report
Post by: Bit_Happy on June 02, 2011, 01:13:02 PM
Too soon, I need more time. 


Title: Re: Hyperinflationary collapse report
Post by: Bazil on June 02, 2011, 02:39:52 PM
Too soon, I need more time. 

Don't worry, if you have at least 100 bitcoins and it's value keeps going up at the rate it is now, you'll be a millionaire by next year at this time.


Title: Re: Hyperinflationary collapse report
Post by: Sjalq on June 02, 2011, 04:19:00 PM
Whether it happens tomorrow or in 3 years the key is to remember it will happen suddenly.


Title: Re: Hyperinflationary collapse report
Post by: Dansker on June 02, 2011, 05:24:32 PM
How are we going to know what a bitcoin is worth, if we have no dollar to compare it to? :O

Just go by our gut feeling hehe?

Or other currencies?


Title: Re: Hyperinflationary collapse report
Post by: da2ce7 on June 02, 2011, 05:29:24 PM
How are we going to know what a bitcoin is worth, if we have no dollar to compare it to? :O

Just go by our gut feeling hehe?

Or other currencies?

Maybe by real goods and services?


Title: Re: Hyperinflationary collapse report
Post by: Sjalq on June 02, 2011, 05:47:32 PM
How do you know what a dollar is worth?


Title: Re: Hyperinflationary collapse report
Post by: interfect on June 03, 2011, 07:42:41 AM
How are we going to know what a bitcoin is worth, if we have no dollar to compare it to? :O

Just go by our gut feeling hehe?

Or other currencies?

Maybe by real goods and services?

Pshhhh. Nobody exchanges Bitcoins for those.


Title: Re: Hyperinflationary collapse report
Post by: Sjalq on June 03, 2011, 07:49:04 AM
@interfect, lol