
28 Jun 2009 [Originally uploaded by InflationUS] Background [0:00 to 1:40]: "It is 100% guaranteed that we will have hyperinflation like Zimbabwe. If we destroy our currency, if we have hyperinflation it won't matter how much money we have, we're not going to be able to buy anything with it. You can't print out phantom money based on nothing without causing the dollar to devalue. Quantitative easing is inflation." Theory on inflation [1:40 to 2:21]: Inflation is the printing of money. It is the value of money in your pocket going down while prices all around you rise. Gas prices, grocery bills....this is a symptom of inflation. If you have money in the bank, that money is decreasing in value. We should all be worried about inflation because it affects the prices of everything we use on a daily basis. Good men and bad men [2:21 to 3:10]: There have been good men warning us for years about inflation. Jim Rogers, Peter Schiff, Marc Faber, Ron Paul. They have spoken about the uncontrollable spending of the United States. Then there have been those in power who have ignored the warnings. George W Bush, Ben Bernanke, Timothy Geithner, Barrack Obama, Nancy Pelosi and all of Congress. These people, through stimulus plans, bailouts, low interest rates and the ever increasing balance sheet of the Federal Reserve will lead to the destruction of the US currency. Quotes from Americans: [3:10 to 4:18] "We owe the world more than Germany owed only we didn't incur this debt fighting a <b>...</b>
What is inflation Mr nchoudhury