Aug 282010
Recent comments by readers on hyperinflation that were prompted by the previous post, Williams on Hyperinflation, make me believe that the following link might be useful. It discusses inflation from a personal experience perspective and makes an argument for why financial assets will not do well in such a scenario. While I do not necessarily agree with that conclusion, it should be interesting reading for those of us that fear that hyperinflation may be ahead. http://www.zerohedge.com/article/guest-post-hyperinflation-part-ii-what-it-will-look
Economic Death -- Choose Your Poison
Middle Class Being Sold Out
QE ing Our Way to Oblivion
Gold as a Currency
Difficult or Impossible Economic Situation
Dollar Going Down the Tubes
Thanks Monty for pointing out this article. It really shows that wealth preservation is a precarious activity in a period of great economic upheaval. But it also shows that the wise, the bold, or the lucky can make great profits, while the vast majority of people will suffer. Despite believing that shrewd investors should be able to profit from the coming volatility, there is no substitute for stable and good government.