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View Full Version : The Federal Reserve's Zimbabwe Moment?



Milo Christensen
08-11-2009, 08:12 PM
Holy Hyperinflation, Batman! Forbes (http://www.forbes.com/2009/08/11/federal-reserve-economy-business-washington-dollar.html) has an article online that actually comes right out and mentions the unmentionable in all this government spending - not just inflation - but hyperinflation. Just a little bit ominous that they chose to use the worst example of hyperinflation in recent times - Zimbabwe. But, you know, when the government prints money to buy government debt, you really are running the risk of going a bit too far and ending up like Zimbabwe.

John of Phoenix
08-11-2009, 08:13 PM
So what are you doing to protect your family from this disaster?

seanz
08-11-2009, 08:40 PM
It is a tricky moment for the Fed. If it continues buying government debt, it may help keep interest rates low, but it would raise concerns that the country is inching ever closer to Zimbabwe (and, of course, if enough people believe we're headed down the Zimbabwean road, it would eventually become a self-fulfilling prophecy).


:eek: Doesn't Zimbabwe also have a President that was born in Africa?



Really......maybe they shouldn't be talking about it if it's going to make matters worse? As they say......
Many of us worked out for ourselves that hyper-inflation was a possibility but that was last year........:rolleyes: