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Old 02-13-2013, 04:04 PM   #36
NBA sixth man of the year
Join Date: Jun 2006
Posts: 7,776
Default Re: Jeff Berwick -Get Far Away From The U.S... Collapse Will Be Messy

Originally Posted by KevinNYC
That the fact that he is mentioning Zimbabwe pretty much instantly discredits himself because the situation in Zimbabwe is nothing like the situation the US is in. You can pay for goods and settle debts in US dollars all over the world. That is not the case for the Zimbabwean currency.

you don't have to look at the comparison as if they were exactly equal in quantifiable terms. you seem to close off every analysis when you see zimbabwe's inflation is at 500 or 1000% while the US is nowhere close to that. they're obvious not the same in those terms, but the theory of money destruction is applicable to both.

if you understand the impact of reckless money printing, which is what the us is doing now, and how that drives inflation, you will see what the us government doing is not that dissimilar from the zimbabwe government, except zimbabwe was a far extreme case.

the united states does not and will not reach ridiculous 1000% inflation rates, but just a relative hyperinflation of 20% is enough to cripple a lot of folks.
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