>A government which spends what it hasn't got to spend will cause hyper-inflation to come upon its people in due time. The Weimar Republic of Germany in the 1930's and Argentina in the 1980's are two examples, and maybe a third would be Zimbabwe. We ARE headed toward hyper-inflation which will rob money value from all, but will hurt the poor and middle class more than anyone else.
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>I agree 100%
If you want to put a time frame on that, I will gladly take a bet about the U.S. going into hyperinflation. Interest rates are going to creep up from a period of 30 years with low rates, but nothing even resembling the Weimar Republican between the wars and the other examples. This is pure hysteria.
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