Tuesday, May 3, 2011

Osama Bin Laden to Cause U.S. Hyperinflation

The money quote from the article:
We hate to say it, but if the U.S. experiences hyperinflation within the next few years, it will be what Bin Laden wanted. If the incomes and savings of Americans no longer have enough purchasing power to put food on the table and heat homes, many more Americans will die from hyperinflation than were killed on 9/11. Yes, we finally got him, but we had to borrow and print trillions of dollars over nearly a decade and there are no signs of our military spending slowing down. The success of killing Bin Laden could potentially be used as an excuse to increase military spending to all new record highs. The purchasing power of the U.S. dollar is crashing to new all time lows on a daily basis. This is not an "orderly" collapse. The dollar is falling off of a cliff and a worldwide rush out of the dollar could be imminent. A weak U.S. dollar as a result of our massive budget deficits, largely from military spending, is the worst possible thing for the homeland security of our country.