Who knows if it really will work out like this person says, but it's worth a read.
From Zerohedge.
Yields are low, unemployment up, CPI numbers are down (and under some metrics, negative)—in short, everything screams “deflation”.
Therefore, the notion of talking about hyperinflation now, in this current macro-economic environment, would seem . . . well . . . crazy. Right?
Wrong: I would argue that the next step down in this world-historical Global Depression which we are experiencing will be hyperinflation...
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If the stated value, of “Federal” Reserve notes, declines enough with respect to copper and nickel, the 1946-2010 U.S. Mint nickels, composed of cupronickel alloy, could become somewhat rare in mass circulation.
ReplyDeleteThe August 23rd metal value of these nickels is “$0.0536850” or 107.37% of face value, according to the “United States Circulating Coinage Intrinsic Value Table” at Coinflation.com.
that would be a nice gimmick. just go out and purchase loads of nickel rolls and sell them to someone to melt down as a base metal. ha.
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