Alert (hat tip Zero Hedge): John Williams, economist at shadowstats.com, said on BNN today that the United States will experience a hyper-inflationary great depression "due to decades of extraordinary fiscal abuse" and actions used to keep the financial system from collapsing. "When you see panic selling of the U.S. Dollar that's when you have to be very careful", he said. To protect yourself, he said maintain your purchasing power. "You look to put your (U.S) Dollars in hard assets like physical gold and silver. Getting the Dollar in other currencies such as the Canadian Dollar, the Australian Dollar, Swiss Franc". He also said, "it's probably a good idea to store goods that you would normally consume for several months, just to protect yourself, your family and have goods for barter". Wow. To see the video click the link below.
Also see a video reenactment of what a Dollar collapse/hyperinflation would look like: The Day the Dollar Died (Video by NAI). We are already seeing inflation in commodities. Monitor the U.S. Dollar Index chart at stockcharts.com. It hasn't broken down yet. Stack up on beans!
Related: Gary Shilling vs. Peter Schiff (Deflation vs. Inflation), Charles Nenner sees a deflationary crisis and David Rosenberg predicts a period of price stability. Who will be right.