New Documentary: Meltup
For you end-of-the-world economy buffs, there’s a new video documentary circulating out on the net called Meltup, put out by Inflation.us. This movie outlines the growing possibility for a hyper-inflationary situation occurring here in the U.S.
Even though I felt the movie was a bit simplistic and over the top, it was entertaining and thought provoking. As far as I’m concerned, I feel hyperinflation is a definite possibility, although we’re not completely there yet.
It all depends on how long the dollar can remain as the world-reserve currency. That and the fact that since credit is decreasing, it will have a deflationary effect on the economy — but again only for so long.
So check it out and let me know what you think: