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<p>[QUOTE=&quot;doug444, post: 1902760, member: 38849&quot;]Defense has NOTHING to do with the collapse of the dollar and the resulting hyperinflation, other than its incremental cost.&nbsp; &nbsp; NOTHING.</p><p><br /></p><p>What are we going to do, declare war against the whole world?&nbsp; Accept our depreciating dollars or we&#039;ll bomb you back to the Stone Age?&nbsp; The middle class was already whacked once in this century, with the best-informed estimates that the average household lost about 30% of its net worth due to a decline in housing values.&nbsp; The middle class will get whacked again if hyperinflation prices all but the most essential goods beyond the means of the average family.&nbsp; It&#039;s imports that will surge in price, not so much domestic products.&nbsp; Small businesses will go under, and that&#039;s where the majority of our workforce earns its living.</p><p><br /></p><p>In addition, that military has to be funded somehow.&nbsp; Worst case, you will see the ranks rapidly diminish.&nbsp; There will be only a fraction as many new weapons systems as there are now, along with much less manpower.&nbsp; No new bombers, fighters, tanks, missiles, you name it, there won&#039;t be as many.&nbsp; That, in turn, decimates the income of the various defense contractors and all their suppliers -- high tech small town America.</p><p><br /></p><p>I know the thought process -- don&#039;t worry, be happy.&nbsp; My contemporaries, many of whom fought in Viet Nam, understand the dangers; their adult children are too busy scraping by to worry about a maybe-so economic catastrophe.&nbsp; The final answer will be that the US Government will repudiate its trillions of dollars in debts, wiping them out with a pen stroke, probably within 5 years.&nbsp; It is inevitable.&nbsp; I&#039;ll probably be gone, but it&#039;s a great incentive to HANG ON, just to see what will happen.&nbsp; The PM&#039;s and food I&#039;ve hoarded likely won&#039;t help me a bit -- my particular vulnerability is prescription medicine, which will disappear, and with my ten prescriptions, I will soon follow.&nbsp; I actually think there may be a military coup at some point, and I would support it 100%.</p><p><br /></p><p>[My friend in the cheese business thinks I&#039;m nuts, but that&#039;s OK...][/QUOTE]</p><p><br /></p>

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