Hyper-inflation will result in the destruction of the dollar, along with other fiat currencies.
Doug Casey –
"Destruction of the Dollar"
(Right-click title to see original story)(Image source)
– Flash Points –
1 – Inflation occurs when currency-creation gets out of control.2 – Real wealth can never be created by simply printing money.
3 – Productive activity creates wealth.
4 – Taxation dissipates wealth, but inflation destroys wealth.
– Synopsis –
When the amount of currency created exceeds the amount of true wealth created, the result is inflation, says best-selling author Doug Casey.
Create Money or Create Wealth
It is not productive activity that causes inflation. In fact, production creates wealth. Inflation is caused only by those who control the money supply.
Or, more precisely, those who “lose control” of the money supply. As they lose control of the money-printing, and as the money supply starts to skyrocket, that money will inevitably lose its value.
No Solution
As the people realize that their money – their savings, their income, their assets, their pocket change – is plummeting in value, they will demand that the government take action. But by that time, the only possible solution is … to print more money.
In such a dire situation, there’s not much anyone can do. One of the only ways that people can preserve wealth is to hold gold. (Image source)
– Insight from Outside –
Given the absurd amounts of money-printing conducted over the past decades by the Fed, the European Central Bank, the Bank of Japan, and many other central banks, inflation is certain.
That inevitable hyper-inflation will result in the destruction of the dollar, and the destruction of most other valueless fiat currencies.
It’s Happening Now
Once inflation becomes rampant, there’s nothing the government or anyone else can do. This has happened before, and it’s happening again. And not only in Zimbabwe and Venezuela.
Just remember this; inflation starts slowly. (Image source)
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Destruction of the Dollar ~ Doug Casey
(Right-Click to see my original post)
(Image source)