Monday, October 18, 2010

Dollar Collapse and Hyperinflation

For those of you who have read this blog from the start, I have been writing about hyperinflation since 2007. I was a strong advocate of buying Gold and those who have followed my advice have made a killing.

If you look at the recent rise in the stock market, huge gold price increase and huge drop in the dollar....You have to wonder if this worst case scenario beginning to occur....A dollar collapse.

America is Greece. The only reason why we are not having the same crisis is because we are the worlds reserve currency and we can simply print more money, and monetize more debt. Greece did not have that luxury.

I actually sold my Gold around July and I am now regretting it seeing what is going on right now. My feelings were that when the conservatives won the mid term elections it would bring about an era of fiscal responsibility and a stabilization of the US Dollar.

The question is...Is it already too late? Have we already spent and taxed so much that our prosperity as a nation is now irreversibly in peril.

What do you think?


offstonee said...

It has passed the point of no return.
The hyperinflation situation cannot be halted by political decision now.
The debt load is too much and only collpse and near collapse will guide us back to simplicity.
Buy back your gold, sell it when hedge funds do.

Mav said...

Hi Chris

Like your blog. Would like to get on your sponsors list. Can't seem to find a contact address on the click through? Could you reply to this comment with how to contact you.


Chris said...


You can email me at

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