"I believe that what Martin has been saying is that those people who have been predicting increasing inflation (leading to hyperinflation) *soon* based on the increasing money supply have been using simplistic linear thinking."

If people believe inflation leads to hyperinflation, then yes, that is a problem. INFLATION DOES NOT LEAD TO HYPERINFLATION. Can I say it any more clear? Inflation and hyperinflation are two completely different things. Inflation, depending on how it is interpreted, is either a general rise in prices or in the older terms is an increase in the money supply. Hyperinflation is a loss of confidence in the currency, where people will no longer hold the currency as a store of value. The similarity is that in both cases, prices of goods eventually rise. That is the only similarity. Excessive inflation can be ONE OF THE THINGS that CONTRIBUTES to the loss of confidence in the currency, but is by far not the only thing. I've given examples before of other causes of LOSS OF CONFIDENCE but they don't seem to sink in. Armstrong understands this. For some reason he will just not associate the possibility of the two with the USD. Maybe he thinks the possibility it is too far down the road to discuss. But he says in the interview I linked to below, the system will collapse. I can't believe he thinks there will still be confidence in the currency after his predicted collapse of the system. He simply will not call it hyperinflation. Perhaps so he will not be associated with those that do not understand the meaning of the term.

John