Right now it could be either. The government is acting like Jim Jones with your tax money in order to keep confidence [bailouts, etc], therefore keeping the economy afloat...for now. Depending on what happens with job losses and the rest of the world economy, it will be either
If the world loses confidence in the US Dollar, hyper inflation will kick in, as people will try to exit the currency into whatever else is in demand [Euro, Gold, Silver, Food]. That's what is happening to Jamaica now, people [me included] get out of the Jamaican currency into others so our dollar chart looks like a water slide. That will lead to more people switching out turning it into a cycle of hyperinflation. However, the only way this could happen to the USD is if it is no longer the reserve currency.
tl;dr : Stop printing so much money.
Deflation will happen if the job losses continue and spending power contracts, forcing prices down and putting manufacturers out of business. This seems more deadly to the USA now, because interest rates are practically 0%, so the only way they can cut deflation is massive government spending, which is only a temporary fix.
The US Government needs to let the markets do their jobs and fix the economy through a painful contraction. Better now than later.
If the world loses confidence in the US Dollar, hyper inflation will kick in, as people will try to exit the currency into whatever else is in demand [Euro, Gold, Silver, Food]. That's what is happening to Jamaica now, people [me included] get out of the Jamaican currency into others so our dollar chart looks like a water slide. That will lead to more people switching out turning it into a cycle of hyperinflation. However, the only way this could happen to the USD is if it is no longer the reserve currency.
tl;dr : Stop printing so much money.
Deflation will happen if the job losses continue and spending power contracts, forcing prices down and putting manufacturers out of business. This seems more deadly to the USA now, because interest rates are practically 0%, so the only way they can cut deflation is massive government spending, which is only a temporary fix.
The US Government needs to let the markets do their jobs and fix the economy through a painful contraction. Better now than later.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
