Thursday, August 11, 2011

GLOBAL DEPRESSION -- SOCIAL UNREST-------------------- Aug-11-2011--

GLOBAL DEPRESSION --
SOCIAL UNREST
Aug-11-2011--When the global economy tanks, hardship increases for the man in the street.
We are seeing more and more violent protests. I see this escalating worldwide. Worse is to come when hyper-inflation sets in. That is when the middle class, the hardworking folks, the savers and conservative people see all their savings being inflated away. Inflation is a tax on savings.
Every $100K you save in the bank will buy you less and less (less purchasing power) progressively. With hyper-inflation it is a lot worse.
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