Many many years ago when I was in college, we happened to live near the border where the drinking age was 18 instead of 21, so we would often go down to the bars. I got to witness first hand how hyper inflation ripped a society apart, and destroyed everything. Middle class, gone. Since all new money comes into the economy through government, freedom gone. Stable contracts and getting things on credit, gone. Millions of desperate families who turned to begging, or whoring. Family, morality, and culture gone. Charity and church, decimated. Farming, which relies on credit and stable interest rates, decimated. Factories which rely on stable financing, contracts, and interest rates, decimated. Banks, decimated. The only people who did well had investments and assets outside the country.
Maintenance for simple things like cleaning, painting, building repairs, auto repair, was pretty much tossed aside, and everything was left to fall apart, everything became dirty.
Most people I meet are stupidly surreal and have no idea what's coming, they even cheer the stimulus checks. I would strongly recommend that people petition their state government to re-monetize gold like their lives depend on it, because it probably does.
Its really sad. I can see it coming. What cost me $30 at the grocery store a few years ago now costs me nearly $60. Its getting so expensive to live. I stopped using credit and struggle just to make ends meet now. Other people seem to be buying new stuff everywhere, but everyone is using credit and going into huge debt. There's going to be a hyperinflation crisis and debt crisis coming very soon.
Many many years ago when I was in college, we happened to live near the border where the drinking age was 18 instead of 21, so we would often go down to the bars. I got to witness first hand how hyper inflation ripped a society apart, and destroyed everything. Middle class, gone. Since all new money comes into the economy through government, freedom gone. Stable contracts and getting things on credit, gone. Millions of desperate families who turned to begging, or whoring. Family, morality, and culture gone. Charity and church, decimated. Farming, which relies on credit and stable interest rates, decimated. Factories which rely on stable financing, contracts, and interest rates, decimated. Banks, decimated. The only people who did well had investments and assets outside the country.
Maintenance for simple things like cleaning, painting, building repairs, auto repair, was pretty much tossed aside, and everything was left to fall apart, everything became dirty.
Most people I meet are stupidly surreal and have no idea what's coming, they even cheer the stimulus checks. I would strongly recommend that people petition their state government to re-monetize gold like their lives depend on it, because it probably does.
Its really sad. I can see it coming. What cost me $30 at the grocery store a few years ago now costs me nearly $60. Its getting so expensive to live. I stopped using credit and struggle just to make ends meet now. Other people seem to be buying new stuff everywhere, but everyone is using credit and going into huge debt. There's going to be a hyperinflation crisis and debt crisis coming very soon.