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Pittsburg, Kansas | I agree that it is a low probability event for the US. But not a zero probability event.
I also agree that it is likely at least one other major nation would experience it before the US would. At least I hope so. A little warning would be nice.
The monkey wrench in the works is the fact that the USD has been the major reserve currency and other currencies have been making gains in international settlement use. I have read that China now settles 40% of its international trade in Yuan rather than USD. That sounds high to me. (Maybe it is 40% of non-US trade). But at any rate winds are changing.
For years we exported inflation. What the future holds monetarily may turn out to be interesting.
John
Edited by John Burns 1/18/2017 06:42
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what hyperinflation looks like unfolding in real time
