Expert Warns of Hyperinflation: “The American Way Of Life Will Be Destroyed”

brokeThe sky is falling over at Eyes Open Report:

If there’s one thing that’s certain about what’s happening in the world right now  it’s that uncertainty is pervading every aspect of the global economy. From fabricated employment statistics and consumer spending reports to obscene levels of debt and a failing domestic monetary policy, the writing is on the wall.

According to top Casey Research analyst Marin Katusa, who has met with energy ministers and business leaders in over 100 countries, it’s only a matter of time before the world’s reserve currency goes the way of the German Reichsmark and Zimbabwe Dollar.

What we’re talking about here is nothing short of an outright collapse of our banking system, hyperinflation of the US dollar, and a complete destruction of the world as we have come to know it.

This is a must-watch for those trying to understand what’s happening with the economic landscape, how to position yourself for an unprecedented paradigm shift in how Americans live their lives, what to expect as this crisis unfolds, and how to find opportunities when everyone else is in panic mode.

If the petro-dollar ends, the American way of life will be something that will be destroyed.

The inflation will be over 100% because Americans are getting their lifestyle subsidized by the rest of the world.

This is a very complicated issue… but to be summed up quickly, the world has already started trading commodities and oil, not in the petro-dollar.

And if the petro-dollar finally does die, the American way of life is gone.


(Full interview and transcript via Future Money Trends)

When that happens – when the rest of the world finally turns its back on the United States – you’d better be positioned in the right assets… tangible assets.

Failure to do so will leave you exposed to a financial collapse unlike anything we’ve ever seen in America…

[continues at Eyes Open Report]

majestic

Majestic is gadfly emeritus.

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28 Comments on "Expert Warns of Hyperinflation: “The American Way Of Life Will Be Destroyed”"

  1. Thurlow Weed | Feb 19, 2014 at 11:20 am |

    I will survive the coming crisis by dint of my Disqus likes.

  2. BuzzCoastin | Feb 19, 2014 at 11:48 am |

    “We are prone to overestimate how much we understand about the world and to underestimate the role of chance in events.”
    ― Daniel Kahneman, Thinking, Fast and Slow

  3. six6sixwitch | Feb 19, 2014 at 12:03 pm |

    Lost me at “on Drudge Report”. Sorry.

    • My Uncle Gabriel got a stunning blue Dodge Charger SRT8 from
      only workin part time on a home pc… hop over to here F­i­s­c­a­l­P­o­s­t­.­ℂ­o­m

  4. Simon Valentine | Feb 19, 2014 at 12:05 pm |

    wait, what exactly will be destroyed, and why shouldn’t it be?

    “breaking windows so the baker needs a new pair of shoes” isn’t breaking, it’s broke.
    same goes for the positive-negative behavior reinforcement shits. nazi shits. fuck shits. economic crimes. ecosystem ‘paradigms’. the baker’s not going to need a new pair of shoes when we start breaking paradigmatic windows, cuz if she/he’s still playing that game, we’ll break that too

  5. GOOD:)

    • kowalityjesus | Feb 19, 2014 at 8:09 pm |

      I think the moment that God agrees with you, we are in the shitter. Still have a lot of things going for us, quickly being bleached out by low-quality people and asinine policy.

      • Rhoid Rager | Feb 19, 2014 at 11:12 pm |

        hasn’t it been a lengthy bleaching process, though? (interesting verb use, incidentally)

        • kowalityjesus | Feb 20, 2014 at 1:45 pm |

          My statement is not an optimist’s perspective, though really so many things are being quickly lost by a general lack of free time as well as asininity. You know, I also think that the fact that people are constantly born is a culturing agent offsetting the bleaching as well (sez the 2x uncle as of yesterday). : )

  6. “Insiders and the well informed like Doug Casey, Rick Rule, and Eric Sprott . . . ”

    Ha, wow.

  7. lilbear68 | Feb 19, 2014 at 1:53 pm |

    in order to preserve the petro dollar the US will bomb and kill everything standing in its way

  8. Yeah, except the US has more gold holdings than any other country. Our FX reserve is 72% gold. Will that prevent economic collapse? Ask Greece and Portugal, the only countries with a greater percentage of gold reserves than us.

    • Gold is good for circuitry.

    • Not much reason to believe the US has all the gold it says it has, or even the gold it’s meant to be holding for other countries, for example, Germany holds a sizable amount with the NY fed. Realistically the gold has been leased out to the bullion banks who in turn lease it out again.

      • Rhoid Rager | Feb 19, 2014 at 11:11 pm |

        rehypothecation of plated tungsten bars is a pretty lucrative business, i hear.

  9. Tangible assets like… arable land and solar power technology?

  10. kowalityjesus | Feb 19, 2014 at 7:06 pm |

    Was just talking to a guy who blames the Koch bros for selling propane overseas so the price of propane rose from $1.50 to $5.00 in a year. Same thing will soon be happening to fracking natural gas in mid-Atlantic. America must be destroyed!!!!!!!

    Apparently, Donald Trump proposed in 1999 to put a one-time wealth tax of 14.25% on everyone worth more than $10 million, generating $5.7 trillion and paying off the national debt. Man have we turned on the afterburners into the shit-hole since then. You can say a lot of things about Donald Trump, but at least you know he’s an American, unlike Bush or Obama who I can only theorize are demonic alien agents.

    • Lookinfor Buford | Feb 20, 2014 at 9:59 am |

      I’d bet good money if you wrote into that deal that those people would then be taxed at a flat rate along with everyone else, like 10%, no exceptions for anyone, and that the government must run up no more debt than could reasonably be paid off in say, five years with regular tax receipts… They’d agree to it.

      • kowalityjesus | Feb 21, 2014 at 5:08 am |

        ur probably fookin right. I think it’s out of hand by now though, as in beyond the collective wealth of the 1%. Plus all of that money is tied up in stocks and crap, and there would be side effects from such a massive movement of wealth.

  11. Rhoid Rager | Feb 19, 2014 at 11:04 pm |

    I call bullshit. Hyperinflation is no longer possible with the American dollar, because it’s spread all over the world and is 95% in digital form. Hyperinflation was the case for pre-war Germany and Zimbabwe because they used paper money. Hyperinflation is an aspect of the physical reality of money. But money now is invisible credit issued through banks. So when banks collapse (hopefully fucking soon), then it will be deflation that occurs, NOT hyperinflation. The banks have been trying to stop deflation (lower prices, and an easier life) from occurring for over a hundred years.
    If your goal is to come out on top (whatever that means) then keep cash on hand, out of the bank, and learn a hands-on trade. These ‘hyperinflation’ people–like Peter Schiff–are dinosaurs of the capitalist age. They try to make money selling you gold, and give shitty advice. Read The Automatic Earth for a clearer perspective on what’s happening.

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