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US National Debt Crisis & Hyperinflation

The book of Revelation in the Holy Bible is seldom mentioned by people as it is mainly concerned with the end times in which we live. One could say that the book of Revelation tells what to expect in the future.   A quart of wheat for a day's wages, and three quarts of barley for a day's wages (Revelation 6:6). This passage talks about a time in the future, when hyperinflation is so high that a person’s daily wage can only buy by a quart (32 ounces) of wheat.

This scenario has happened many times in history. For instance in Germany during the hyperinflation of the 1923, workers were paid twice each day, and they would shop to buy food at midday to avoid further depreciation of their earnings.

So what is hyperinflation? Hyperinflation is simply inflation that is out of control. Its main cause is a massive and rapid increase in the amount of paper money, unsupported by real assets like gold or silver.  This phenomenon is often called “money printing madness.”  When money printing gets out of control, there is a complete loss of confidence in paper money. This loss of confidence in money causes a rapid increase in the velocity of spending, which causes a correspondingly rapid increase in prices. Hyperinflation is associated with wars or their aftermath, currency meltdowns, and political or social upheavals.

The situation in the present-day United States is somewhat similar to Germany in 1922. As the Germans say, “One day everything was fine. When we woke up the next morning hell was unleashed.” Though the United States has not yet reached the depths to which Germany descended, few can look at the constant depreciation of the dollar since the early 1970s.

Whether or not the situation will slip out of control is a matter of debate. The trend, however, is certainly alarming. The outstanding public debt during President Barack Obama’s term is presently $15 trillion dollars. To put a trillion dollars in some kind of substantial context, if you opened a business at the time of Jesus Christ, 2000 years ago, and if you lost one million dollars a day in that business, it would still take you another 700 years to lose a trillion dollars. It’s an inconceivable amount of money.
Do you actually wonder the real health of the American economy? This animated video created and directed by paladex77 explains in simple animated language the real state of the US Economy and how it will influence everyone in the world.