The power of III

Summum ius summa iniuria--More law, less justice
--Cicero.

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?"
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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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