If we think that hyperinflation is simply inflation on steroids—inflation-plus—inflation with balls—then it would seem to be the case that, in our current deflationary economic environment, hyperinflation is not simply a long way off, but flat-out ridiculous.
But hyperinflation is not an extension or amplification of inflation. Inflation and hyperinflation are two very distinct animals. They look the same—because in both cases, the currency loses its purchasing power—but they are not the same.This week, Mr. Lira wrote a second piece further explaining how it's likely to happen. He says,
How can you not read a piece with an opening paragraph like that? Go read. Read them both. Do I need a warning that there's some "adult language" in there? Things like, "Buy when there’s blood on the streets." and many descriptions of economic collapse. Oh, and a couple of F-bombs.
I can lead you to many, many quotes from people who really know their stuff, including my frequent link, Karl Denninger, who will tell you that seriously bad times are coming.
Remember, Even in the midst of Apocalypse, things will get better. to quote Lira.
Let me leave the last quote to Lira:
Go read. And for God's sake, try to sock away some food and other supplies.