Early in this interview, Joel Skousen did talk about the coming hyperinflation. He just thinks it’s going to take longer to get here than some are predicting. We’ll see if Joel is right, or if it does come within two years, as many expect, such as the preceding post: Stansberry’s Investment Advisory: The End of America — “I reference our success and experience with Wall Street’s latest crisis because we believe there is an even bigger crisis lurking – something that will shake the very foundation of America”
“…despite its weakness it [the dollar] still is holding its own even against the Euro, which will probably collapse even before the dollar because there is so few out there compared to the dollar.
There is over 200 trillion dollars that have been monetized out there, so that the rate of inflation even at $3 trillion a year by the Federal Reserve is only 1 and 1/2 percent of the existing money supply.
It’s going to take a lot to get to hyperinflation. The powers that be know that. And so I think they’re going to continue to play the dollar, and play the inflation game.
So I’m predicting a long, downhill run on the dollar, steady downhill rather than an imminent collapse.”
– Joel Skousen
Transcribed by Jeff Fenske from this interview
[youtube=http://www.youtube.com/watch?v=OgAP9VJXx6U]Joel Skousen: Obama’s So-Called Tax Cuts, The Continued Fleecing of America – Alex Jones Tv 1/3
BUSINESS AS USUAL: TAX DEAL VIOLATES THE GOP “PLEDGE TO AMERICA”
Even before the Republican leadership takes control in the next Congress, they are already reneging on their pledge to cut spending—supposedly in a deal with the devil to obtain an extension of the current tax cuts. When President Barack Obama jumped on the bandwagon to extend the Bush-era tax cuts I figured there had to be more to it than simply acceding to the will of the voters expressed in November. In fact, Obama was getting a goldmine of concessions from GOP leaders even as the Republicans were claiming victory. The worst of these was a tacit agreement that Republicans would not stand in the way of funding the government through September 2011, even though they would appear to oppose it. Sadly, that includes the funding of the notorious Health Care Reform act–which Republican leaders pledged to repeal. To receive a one-time free sample copy of the brief, email us at email@example.com