Thursday, July 03, 2008

Debate Over: It's Hyperinflation (and US Economic Collapse)

Previously I thought "severe recession", and then "depression" to describe what we face, but neither now seems to do the situation justice. An aspect of the trouble now beginning to figure prominently is the failure of American cities to function as laid out in their current form... because of the new factor of people simply not being able to afford to drive their cars (especially from home to work). Kunstler has been writing about this for years. In return he was considered a carnival side show; a sort of amusing angry little man off in his own little world. But now it looks like he was right.


http://ml-implode.com/viewnews/2008-06-30_DebateOverItsHyperinflationandUSEconomicCollapse.html

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