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norstadt's avatar

+1 for the biped robot pulling the cart. The Iran hostages thing effectively denied Jimmy Carter an October Surprise. He wouldn't be the first or last thwarted President.

Interesting that Wikipedia specifically informs us that: Barnes's account does not confirm "debunked previous theories of what happened," [...] https://en.wikipedia.org/wiki/October_Surprise_conspiracy_theory

I wonder if they will change the title of the entry.

John Smith's avatar

John,

I really enjoy the eclectic and just interesting thoughts and posts you make. I was listening to this podcast just to hear your voice and get a measure of you.

One point though regarding hyperinflation. Martin Armstrong, the longest serving prisoner on a civil contempt charge in American history, who also is a trading and financial genius (and was DEEPLY connected to the "money train" in the 1990s Russia and the Republic Bank/Safra/Browder clan), was also an avid collector in ancient coinage and has studied monetary systems and issuances going back as far as it goes back.

Long story short, his conclusion is that NO reserve currency in the history of the world HAS EVER experienced hyperinflation (akin to Weimar Germany or Zimbabwe). It will NOT happen. General inflation, perhaps 50% devaluation in a decade or so, maybe a bit more, sure. But it will not be HYPER.

Remember the old saying, and I am butchering it I'm sure, Rome is more than just a few legions. Same thing with the dollar. The only way anything like hyperinflation will occur with the USD is a global WWWIII, for realz, then it would be possible. But then, the USD would no longer be the reserve currency anymore, so Armstrong's observations would still hold.

Barring WWWIII (and if that happens is anyone really concerned about the cap rates or ROI on one's real estate investments - and I mean America in flames), there will be no hyperinflation at all. And I would guess it would take at least 20 years (since things move faster now) for BRICS or other countries to really divest from the dollar and I'm not even sure how they would accomplish that. The USA will no doubt devalue and probably to a great extent to monetize the debt, but in my opinion, and in history's record, hyperinflation is absolutely out of the question if WWWIII does not occur.

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