Dear Friends,

They say this is impossible and will never happen in the West. The transition however is clear and common to all experiences of hyperinflation – a currency event whose foundation is in the sand of weakening confidence.

Money:

First is a contract between the issuer and holder as in the gold certificate. Then it is a piece of paper whose amount outstanding is politically motivated that promises nothing and contracts for less.

a. In Zimbabwe there was a transition from reputable management to special interest favouritism. Such a change has been considered by many as an example of Fascism.
b. In Zimbabwe government income was non-existent when compared to government expenditures.
c. In Zimbabwe the military became the favored industry for government spending.
d. In Zimbabwe all the economic initiatives failed miserably.
e. In Zimbabwe there are rumors of bank and public fund looting.
f. In Zimbabwe economic statistics are unreliable by many.

Could such a thing occur in the West or has it already? If it could occur or has occurred it swamps anything that ever happened in any previous example of hyper-inflation, a currency event based in the weak foundation of confidence.

The conclusion is clear. Gold is the only Honest money there is, has even been or will ever be.

Respectfully yours,
Jim