How to Finance Business Credit Cards for New Businesses, PhotoObjects.net/PhotoObjects.net/Getty Images. In the old days of barter, someone traded something of value for SOMETHING ELSE of value. For even if a series of bailouts injects as much as $2o trillion into the system, that would still be far less than the sum remaining to be deflated from the asset side of America’s ethereal balance sheet. For all we know, a new, totalitarian dictator will declare all mortgaged homes state property – or some other, equally draconian decree. Do you want up-to-the-minute technical analysis and forecasts for your favorite stocks, commodities, ETFs? Make up your mind, America: Live or die? By replacing half of that trade with a worthless piece of paper takes the whole win/win scenario out of play. This outcome is so obvious that even Pelosi and AOL would see it coming. Case in point…. The 500 richest people on the planet have already locked up all the wealth and political power of the world. If you have limited savings, you still won’t be able to pay off your mortgage – especially if you lose your job, a highly likely scenario. What brought about the end to the Weimar hyperinflation and do you think it would play out similarly this time? As for what happens to debt during HYPERINFLATION, it is absolutely devalued – benefitting the borrower, at the expense of the lender. Announcing the Winner of the U.S. Election! Because of his wealth, neither Gates nor his message can be squelched. And the guys running the show told them to knock it off and get back to killing each other. This can create a snowball effect as missed payments lead to loan defaults and your other lenders call in your firm's loans. The loans are structured as gifts, and if you borrow a few million dollars now and don’t furlough any employees, there’s reportedly a good chance the debt will be forgiven. Sorry to hear that Rick but glad the rest of the family is well. RA. Hyperinflation usually occurs during severe recessions. Moreover, think long and hard about the wisdom of purposefully holding large amounts of debt into what could be a cataclysmic financial event. RA. A debt jubilee would be death to creditors, to capital and to the nation’s economic future. So … (References 5), Hyperinflation puts businesses, including banks, under severe economic stress because operating costs rise rapidly from one day to the next. How Does Hyperinflation Affect the Economy? I believe the strange things happening world wide to the economy can be best understood by looking past the MSM What’s closed are the things few suffer without: restaurants, bars, clubs, gyms, tourism, sporting events, concerts… But so much, apparently, is riding on that overly mal-investested segment of the economy? If you cannot obtain credit, your firm may go out of business. If the courage and sanity to oppose them exists, it will surface in token op-ed essays by the few who understand why money needs to be backed by something scarce that has real and enduring value.”, As long there exists a central bank in this country, it is _always_ going to be the drug injector, by “necessity”. I agree with a lot of bill’s points on money quantity but these guys that preach that fiat would be ok if only the gov’t did it, I just can’t get onboard with. Your debts will be essentially wiped out. !” I rate the political outcome a toss-up, because even the dumbest lawmaker on Capitol Hill — AOC, to name names — can probably see that only a hyperinflation could result. That’s why I agree with your advice about unloading bullion early on in the life of the balloon. Gold and Silver will be tricky because of the threat of expropriation and windfall-taxes eg 99% on gains. Assuming no “black swan” events – like nuclear war or catastrophic market crashes – I believe the dollar will have lost the last vestiges of its “reserve currency status” within two to three years; and likely, within five years be replaced by a new, gold-backed currency. Many people say it, some politicians and even administration folks say it. This would not be your grandmother’s QE, where the mountebanks who run the central bank are tasked merely with pumping up stocks and real estate via easy credit. As for what happens to debt during HYPERINFLATION, it is absolutely devalued – benefitting the borrower, at the expense of the lender.
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