The power of III

Summum ius summa iniuria--More law, less justice

08 February 2011

Gonzalo Lira: Inflation picking up speed, heading for hyperinflation

"Therefore, I am confident in predicting the following sequence of events: 
• By March of 2011, once higher commodity prices reach the marketplace, monthly CPI [Consumer Price Index} will be at an annualized rate of not less than 5%
• By July of 2011, annualized CPI will be no less than 8% annualized. 
• By October of 2011, annualized CPI will have crossed 10%
• By March of 2012, annualized CPI will cross the hyperinflationary tipping point of 15%
After that, CPI will rapidly increase, much like it did in 1980. 
Fucking ballsy! or, Fucking crazy!—You decide. 

How do these predictions stack up so far?"

Read the rest

Stock up on essentials, convert as much savings as you can to physical metal or items needed for consumption or barter. You have just over a year, maybe 2 years.  Weimar coming to a street near you.

Just paper after all...value based on faith

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