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“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
Thomas Jefferson, Letter to Treasury Secretary Albert Gallatin (1802)
Originally posted by wayouttheredude
As in debt as the US is when our credit dries up, and it will, we are screwed. Those who think we are rich will find that out when we are paying for a loaf of bread with a wheel barrel full of dollar bills or they suddenly do a Mexico style round up of 3 zeros on your bank accounts.
There will be starvation in the United States and it will likely start to really take off in the next 12 to 18 months for the currently unemployed and underemployed with many more to follow as their savings are cut to shreds with hyper inflation. There is no escape from it if you have not already prepared in my opinion.