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<p>[QUOTE=&quot;passantgardant, post: 1151625, member: 30033&quot;]If you realize that interest rates only have to go to 1980 levels for the interest on our national debt to exceed annual federal revenue, then you begin to understand the risk of hyperinflation.&nbsp; The higher the debt goes (over $1.6 trillion higher this year alone), the lower that interest rate is which sends our government into the perpetual monetization death spiral.&nbsp; If we remain on the present course, then inside of five years, less than a 10% interest rate will drive a hyperinflationary spiral.&nbsp; However, I doubt the bond markets would let it even get that far before driving rates much higher than that.&nbsp; Just like with Greece, Ireland, and Portugal, they would panic and rates would skyrocket overnight at any time.&nbsp; Once faith is lost, the jig is up.&nbsp; It may happen this year, next year, or the year after that.&nbsp; I&#039;m preparing NOW for that inevitable day.&nbsp; And I say &quot;inevitable&quot; because it is obvious our politicians will not do the only thing capable of preventing it -- balancing the budget.[/QUOTE]</p><p><br /></p>

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