De-dollarization possibly about to snowball

Georgi Guninski guninski at guninski.com
Mon Feb 15 03:00:30 PST 2016


On Mon, Feb 15, 2016 at 07:35:58AM +0000, Zenaan Harkness wrote:
> A phrase many years ago from a friend of mine:
> "Inflation is the precise measure of the transfer of wealth from the
> people to the banks, for the unit of time for which inflation is being
> measured."
>

As a side effect, hyperinflation might settle the Merica's
debt for a few micrograms of gold.

My late grandfather lost hist modest savings in the
hyperinflation caused by the transition from "advanced
socialism" to "advanced capitalism (aka advanced democracy)".

His pension was so low, it wasn't enough for his medications.



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