Think your gold and silver will be the answer to all of your problems? Think again. Get used to this kind of mob behavior (see video below). It will only get worse as the economy sinks further into the abyss. One thing I know for sure, everyone’s standard of living will take a turn for the worse. Money will not isolate you from a currency-induced hyperinflationary Great Depression. It’s not a matter of “if,” but “when.” There’s not much road left to “kick the can down.” Remember the saying, “desperate people do desperate things.” And there are tens of millions of them out there with nothing to lose. Janis Joplin got it right 42-years ago when she sang Chris Kristofferson’s song, Me and Bobby McGee:
Freedom’s just another word for nothing left to lose
Nothing, I mean nothing honey if it ain’t free..
A recent flash mob/rob at a Walmart is just the latest example of a frightening epidemic.
Flash mobs are stealing, and in some cases turning violent, all across America:
Teens Flash Mob Florida Walmart $1,500 in Goods Stolen!
UBS Economist Issues Hyperinflation Warning for U.S. and U.K.
July 18, 2012
Our issue with the deflationist argument is the end game, we agree with them right up until the part about everyone running to physical cash. When we do see deflation, tax revenues will collapse while at the same time government spending will soar, so instead of having 1 trillion dollar annual deficits, we could see 3 or 4 trillion dollar annual deficits. The top deflationists believe that the government will eventually just default on its debts, no inflation, just default. Okay even if we saw that, we still can’t get our minds wrapped around the idea of investors and other governments running to the very currency that is ran by the government that just defaulted on its debts. We believe it is more likely that once deficits explode from deflation, the result will be a loss of confidence in the full faith and credit of the United States.
FutureMoneyTrends.com believes it is important for everyone to understand that hyperinflation doesn’t come off the heels of inflation, it comes after deflation. Hyperinflation is a loss of faith in the currency or the government issuing that currency.
Read the full ZeroHedge article: UBS Issues Hyperinflation Warning For US And UK, Calls It Purely “A Fiscal Phenomenon”