Literally, you will PRAY for only hyperinflation. Society CAN survive that. It cannot and has NEVER survived an all out Sovereign Debt Crisis. I hope to have a book out this year on this subject covering NOT my OPINION, but uncovering every event and how do empires, nations, and city states die. There is just too much bullshit out there. There is a danger that unless we turn back, we could end up in World War III and a new Dark Age. One reader wrote:
Am following your reasoning about hyperinflation etc and very illuminating it is. I can appreciate deflation overwhelming printing and forcing the USD higher — in which case tangible asset protection becomes a chimera? As you also say the USD will be the last to plummet during a bond collapse ( inflationary?) so then tangibles rise? Separately you said earlier that any gold held had better be in coin form,I believe you were talking in the context of the underground economy. Ditto Silver coins? Am an avid daily reader of the blog and greatly indebted to you for throwing light over the darkening scene.
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