Wednesday, July 30, 2008
This story highlights the eventuality of a currency collapse Americans will one day suffer, When central banks create both inflation and then deflation, over time currency and prices and wages all are affected (negatively). Will the US ever see the degree that is experienced in Zimbabwe? Probably not, but the currency policies over here are barely noticable in the short-term which makes them easy to overlook. But in the long-term the US is headed in this direction when a private cartel of banks run the currency policy.