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There is something very interesting going on regarding 'hyperinflation'. There are at least several nations that have been experiencing 'unsustainable' inflation for many years. I think it has something to do with assets everywhere in the world absorbing excess money in the form of 'asset inflation'. As long as wages (more or less) keep up with inflation in basic goods and services, the hardships for the general populace are kept within 'acceptable' limits (i.e., the absence of large-scale social unrest).

Asset inflation is, however, creating a global housing crisis. If the powers that be don't have the sense to protect housing from that process, that might eventually become the epicenter of a global 'peasant revolt'--especially when coupled with the effects of global warming.

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Stephen Yearwood
Stephen Yearwood

Written by Stephen Yearwood

M.A. in political economy (money/distributive justice) "Please don't confront me with my failures/ I'm aware of them" from "These Days," as sung by Gregg Allman

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