- Bob Chapman: Hyperinflation - Fontvieille, 06.08.2001, 21:25
Bob Chapman: Hyperinflation
aus Bob Chapman
"The International Forecaster 4 August 2001"
The world debt pyramid is starting to unravel. The combination of the financial crisis in Turkey and Argentina give every indication that we are entering a hyperinflationary explosion similar to 1923 in Weimer Germany. The world debt problems in every country are systemic. These countries have to be allowed to default, free trade has to be abandoned and the US has to go into a protectionist mode. Then we can rebuild our industrial might and again be self-sufficient. The present fiat money financial system has to be allowed to collapse. The Federal Reserve should be abandoned and its duties assumed by the US Treasury and we have to return to a gold exchange standard.
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