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:
- 10-Year Treasury Yields Under 2% – What to Do?
- Career Tips For Young Folks
- Give Yourself a Raise (No Boss Required)
- Is It Possible to Beat The Stock Market?
- My Favourite Takeaways – Guide to What’s Good, Bad and Downright Awful in Canadian Investments Today
- Off-grid – Solar or Wind?
- The Viking Oil Play in Alberta
- Why “No More Lattes” Rarely Works
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