Tuesday, October 14, 2008

Glenn Beck: Martial Law in America Coming Soon


Hyperinflation:
In economics, hyperinflation is inflation that is "out of control", a condition in which prices increase rapidly as a currency loses its value. Formal definitions vary from a cumulative inflation rate over three years approaching 100% to "inflation exceeding 50% a month." In informal usage the term is often applied to much lower rates. As a rule of thumb, normal inflation is reported per year, but hyperinflation is often reported for much shorter intervals, often per month.

The definition used by most economists is "an inflationary cycle without any tendency toward equilibrium." A vicious circle is created in which more and more inflation is created with each iteration of the cycle. Although there is a great deal of debate about the root causes of hyperinflation, it becomes visible when there is an unchecked increase in the money supply or drastic debasement of coinage, and is often associated with wars (or their aftermath), economic depressions, and political or social upheavals.
Hyperinflation in the Weinmar Republic:
Before World War I Germany was a prosperous country, with a gold-backed currency, expanding industry, and world leadership in optics, chemicals, and machinery. The German Mark, the British shilling, the French franc, and the Italian lira all had about equal value, and all were exchanged four or five to the dollar. That was in 1914. In 1923, at the most fevered moment of the German hyperinflation, the exchange rate between the dollar and the Mark was one trillion Marks to one dollar, and a wheelbarrow full of money would not even buy a newspaper. Most Germans were taken by surprise by the financial tornado.
This might be the future for Americans. The dollar is destined to collapse, and many believe it is being systematically destroyed. Those responsible for the collapse of the dollar and possibly other world currencies, mainly the Federal Reserve and other large powerful private banks, have created artificial mass panic in the markets. The fear of countries going broke is a reality, and the reaction to do something about it quickly is what's happening. The world has been deceived into accepting "their solution" - the same people who created this mess. The ultimate goal is to create a unified global central bank and financial system, a sort of "new world order", where there will possibly be only one currency. Is this possible? It seems like it's more possible everyday.

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