04-04-2011, 05:49 PM
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#1 (permalink)
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A True Z Fanatic
Join Date: Jul 2010
Location: Newport Beach
Posts: 3,900
Drives: 2010 370Z/Saab 900se
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Quote:
Originally Posted by cossie1600
i understand, but a 5 bux increase is not hyper inflation, not anywhere close to what we have to pay extra in education, insurance, housing, gas, energy.
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You are right, it is not hyper right now. But within the next couple decades, the US won't even be able to afford to pay interest on its loans. Meanwhile, the US continues to print money to pay off its own debt, and can do so because the US dollar is the main currency being traded and bought. Since the US government is the largest holder of its own debt and is printing money to pay itself back, that sounds like a recipe for rapid inflation to me.
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