Our Awful Situation

Howard J. Ruff: Hyper-inflationary depression coming

Posted by Charlie Kilo on April 23rd, 2008

Famed author Howard J Ruff is predicting a hyper-inflationary depression:

Until now, I have given equal credence to two possible scenarios:

1) We could have several years of inflation as we do now, and the powers-that-be would have a sudden rush of brains to the head, like Paul Volcker and Ronald Reagan did in 1980, and stop the “printing press,” ending inflation and the gold and silver bull market, for at least a few years; or

2) It is too late to stop it. The political forces and the Unfunded Liabilities would prevent the powers-that-be from ending the money-printing process, and in fact, would grossly accelerate it. This would result in a hyper inflation (400 percent inflation or more), and the eventual total destruction of the dollar. Suddenly America would find its money totally useless. Store shelves would be empty, gas would go through the stratosphere, and Americans would suffer through the greatest threat since the Great Depression of the ’30s.

So what caused me to settle on number two?

Read his reasoning here.

3 Responses to “Howard J. Ruff: Hyper-inflationary depression coming”

Siber Says:
August 3rd, 2008 at 8:13 am
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Hannes Says:
November 7th, 2008 at 1:21 pm
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jammarlibre Says:
December 7th, 2008 at 3:01 am
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Our Awful Situation

Howard J. Ruff: Hyper-inflationary depression coming

3 Responses to “Howard J. Ruff: Hyper-inflationary depression coming”

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