The Phaserl


Hyperinflation is a Process

by Dr. Jeffrey Lewis, Silver-coin-investor:

Reserve currency or no, hyperinflation is a process. And we are fully entrenched in that process. History defines the parameters for us.

Too much debt, too much money created from nothing. And ultimately, the loss of confidence, leading to panic. Those who deny it are not looking, not measuring correctly, or both. Much of the confusion comes from the unnecessary use of jargon and euphemism.

Counterintuitively, confidence in the near term will drive the demand to print more. The more we eat away at what is left of the real economy, the more money will be demanded to quiet the masses and bail out the banks again and again.

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