Welcome To HyperInflation
At some point, bankers and foreign nations are going to stick the middle finger up at America and say we are no longer going to finance your unsustainable and growing defict. They will demand higher interest rates which will in turn require more printing pushing up interest rates even higher until we are printing so much just to meet interest obligations that our currency is practically worthless.
At that point, expect a bank holiday and a massive devaluation of the currency like what just happened to North Korea.
TOKYO -- Chaos reportedly erupted in North Korea on Tuesday after the government of Kim Jong Il revalued the country's currency, sharply restricting the amount of old bills that could be traded for new and wiping out personal savings. ....
The revaluation replaces 1,000 won notes with 10 won notes, but strictly limits the amount of old currency that can be exchanged, news reports said.
You had $100,000, you now have $1,000.
You had $100,000,000 (one hundred million), you now have one million.
Oh, and if you tried to cheat by taking it out of the system, only $40 of it is exchangeable - the rest is worth nothing.
None of this is hard to foresee....just hard to believe it is actually happening. Once you get into a hyperinflation mode....it really doesn't matter how much you have......because as the process cycles, whatever you have is worthless.
Welcome to Zombulation Nation.....1.01.10