From Jim Sinclair... letter to a Friend
A few thoughts:
1. All hyperinflations are currency events, not economic events.
2. All hyperinflations have occurred in what can be called deep deflationary depressions.
3. Quantitative Easing, the wanton printing of money, has been the key to all hyperinflations in history, no exceptions.
4. The recent example of Zimbabwe certainly occurred in the deepest economic doo-doo ever.
5. Don’t mix up hyperinflation with a deflationary business environment as mutually opposed when they are locked in step."
The US has been going through a period of hyperinflations since the 1970s. It's been carefully managed here by the looters on Wall Street, and their satraps in government who profit by it. All anyone has to do verify this is to look at an inflation index---the government's own numbers. We're told that this is the 'worst economic crisis since the depression'. A dollar in 1939 bought what nearly $20 does today.
From the establishment of the Federal Reserve Board until the end of the Gold Standard, the dollar devalued by almost half: this during the two world wars; Korea, Vietnam, the New Deal, the Great Society, and the Great Depression. Between 1969 and 1979 the dollar halved again; and halved again by the end of the 1990s. This is managed hyperinflation; that the looters carry on for their own profit.
The Federal Reserve Board should be proscribed as a criminal enterprise and the country put back on a sound money standard.