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Message:: [QUOTE="InfleXion, post: 1318263, member: 29012"]Quite a lengthy read. I didn't get to all of it, but the "Common Elements" on page 13 alone makes quite a strong case for hyperinflation. It is of course dependent upon the Federal Reserve's (and ECB's, BoE's, BoJ's, etc) willingness to continue expanding the money supply, which they will most likely do or else put the financial system at risk due to all the leverage that would decimate banks' balance sheets in a even a slightly deflationary environment. I agree with most of what I read, but one thing I disagree with is that the first step toward fiat currency was in 1933. That step was only able to be taken because of the demonetization of silver in 1873 which resulted from issues caused by the fixed gold/silver ratio set in 1792. If silver was still monetized at a floating ratio, as the founding fathers implemented until Alexander Hamilton worked to install the first central bank of the US in 1791, then fiat couldn't have successfully been swapped for gold. They could have done it, but it would fail as silver would have emerged as the better option. Fixing the ratio and thus limiting money to only gold laid the groundwork for fiat currency to be successful, and it all began with a central bank.[/QUOTE]