Is it possible that hyperinflation comes sooner? The banks are wiping off the levered accounts at an fast rate due to bad credit default swaps - but the other side of that bet is being paid. The money didn't get destroyed - it went to the hedge funds or whomever is the counter party. They will reinvest it or deposit it and it stays in the economy. All this new money is pumped in on top. Am I missing something here?
We have a Tsunami of inflation building. Before a Tsunami hits, it's common for the tide to rush out to sea. This deflationary act - just adds fuel to the wave of inflation building to come wash over us. Our surfboard in this mess will be gold and silver. Rushes down in price now - stays on top of the wave bearing down on us.
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Gold, Silver and Deflation [View article]