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Midweek Reading: Exorbitant Privilege Edition

By on May 15, 2012 in Big Government, Central Banks, Crony Capitalism, Debt, Debt Monetization, Economic Analysis, Europe, Financial Crisis, Gold, Hyperinflation, Inflation, Roundups, Saving, Sovereign Debt, United States
Stock market of Brussels

Stock market of Brussels (Photo credit: Wikipedia)

I’ve been reading some really interesting posts on FOFOA’s blog, namely Inflation or Hyperinflation? and Peak Exorbitant Privilege. These posts go over the banking system, the role of the US dollar in the world economy, and the gradual withdrawing of political and ancillary support from the USD as the world’s reserve currency.

Based on the latest numbers, the US government is wholly responsible for the trade deficit, and due to political pressure, the US government will not reduce spending and will increase spending in nominal terms in order to try and attain the same amount of real goods from overseas. The latest executive order lends some ammo; this will be the spark that ignites hyperinflation in US dollars.

The thesis is much more detailed than my extremely short (and possibly inaccurate) summary, so I recommend that you head over and read those posts.

What are your thoughts? Do you think the thesis makes sense? Or do you see things panning out a different way? What are your thoughts on the recent events in Greece and the recent volatility all around?

On to weekend reading:

Carnivals

Carnival of Financial Camaraderie at 101 Centavos

Carnival of Financial Camaraderie at My University Money

Carnival of Financial Planning at Card Wisdom

Carnival of Financial Planning at Financial Excellence

Carnival of Financial Planning at Thriftability

Carnival of Money Pros at Financial Success for Young Adults

Carnival of Money Pros at Money Cone

Carnival of Money Pros at My Journey to Millions

Carnival of Retirement at Broke Professionals

Carnival of Retirement at Portfolio Princess

Carnival of Retirement at Simple Finance Blog

Carnival of Retirement at Young, Cheap Living

Festival of Frugality at Money Wise Pastor

Financial Carnival for Young Adults at 20′s Finances

Totally Money Blog Carnival at Balance Junkie

Totally Money Blog Carnival at Debt Blackhole

Totally Money Blog Carnival at My Personal Finance Journey

Totally Money Blog Carnival at Thirty Six Months

Yakezie Carnival at Faithful With A Few

Yakezie Carnival at One Cent At A Time

Yakezie Carnival at The Frugal Toad

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5 Responses to Midweek Reading: Exorbitant Privilege Edition

  1. John | Married (with Debt) May 15, 2012 at 5:09 pm #

    Those FOFOA posts sound interesting, but I will definitely need to print them out or save for future reading.

    Thanks for including my “Give Yourself A Raise” post – honored to be included in such good company.

  2. PK May 16, 2012 at 9:36 am #

    Thanks for the article love, and I hope I can continue my skill (luck!).

  3. My Own Advisor May 18, 2012 at 5:47 am #

    Thanks for the blog support! Always appreciated!

  4. BeatingTheIndex May 18, 2012 at 9:04 am #

    Thanks for the mention Kevin!

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