So we’ve looked at Deflation and Inflation. Time to take a look at the big Kahuna of the ion world…Hyper-Inflation.
And after all, what really is Hyper-Inflation anyway? We’ll give you a hint…it’s as simple as Sally telling Harry that he’d better buy something / anything this morning with that paper in his pocket because it’s certain to buy less of it this afternoon.
Once the requisite amount of printed money is out there, the tinder box is ready and it becomes a state of mind as to when the flame is lit. After all…what is a dollar worth these days…whatever the general consensus thinks it’s worth, because it’s not backed by anything other than the full faith and credit of Uncle Sam…currently the greatest debt-laden deadbeat in the history of the world. So if Sally and Harry decide it’ll be worth less this afternoon than it is worth this morning…and take action accordingly…the horse is out the gate. And it will take a mighty fast and strong central bank to catch it. Sorry, but we don’t see Gentle Ben as being either fast or strong (and by then, his helicopter will have been grounded by a desperate and dispirited congress).
Do yourself and your loved ones a big favor…AND READ THE ARTICLE IN THE FOLLOWING LINK!!!
At Craven Capital, we pride ourselves in recognizing people smarter than us and to the extent that they will permit…aligning our thoughts and actions with theirs.
We were mid-way through our series on “Ions” when this piece fortuitously crossed our desk…perhaps because at Craven, we are also big believers in serendipity.
In any event, this piece from Chris Martenson is a brilliant encapsulation of the Ions. Please read it and if you have time, read the book “When Money Dies” by another very wise man, Adam Fergusson referenced therein.
We have read it…and as Mr. Martenson points out, the poignancy of the frontline accounts are harrowing, to say the least. Forewarned is forearmed, so they say…or to put it another way…to know and not to do…is not to know.
