Watch this fictional yet horrifying video made by the National Inflation Association (inflation.us) depicting a hyper-inflationary Dollar collapse. It is titled: "The Day the Dollar Died: The first 12 hours of a U.S. dollar collapse". The NAI believes there's a serious risk of hyperinflation in the U.S if the Fed keeps pumping trillions in excess reserves into the banking system (we're at QE4 in the video). Watch it after the jump. They did another video in August on the similarities and differences between Japan in 1990 (beginning of Japan's lost deflationary decade) and the U.S. today. Some economists, like David Rosenberg, believe ongoing debt de-leveraging will outweigh reflationary policies for many years, which will force price stability. Bernanke has everything under control, right?
The Day the Dollar Died (Video by NAI), Bernanke Beware of This Hyperinflation Scenario!
11/27/2010 09:28:00 PM | via @Dvolatility |