With oil prices shooting ever higher and silver hitting a 31 year high, should we be worried about hyperinflation? It seems like we should be, considering the last time oil got this high back in 2008 the U.S economy almost collapsed. As the U.S keeps piling on more and more debt we are forced to print more and more money, which depreciates the dollar. Depreciation of the dollar combined with the oil, gold and silver prices is a bad sign for consumers trying to save money.
A lot of economists are saying that we aren't even in a recovery, we have just been lulled into a sense of security for the time being. I think as time goes on we will start to see the full impact the housing crisis back in 2008 had on the economy. Considering how much money the government pumped into the system to keep the whole thing from falling apart.
This is my first time writing a blog so bare with me as I get started.
No comments:
Post a Comment