Re: US Dollar hyperinflation

As most of know the us dollar has lost spending power ever since the Federal Reserve (A group of private banks) took over printing the dollar. With QE unlimited and no gold standard seems it will only get worse. Could the national debt have something to do with it?

Agentina is dealing with similar issues right now with their peso.

It happened right before WW2 in Germany with the Weimar Republic and then 2008 with Zimbabwe.

http://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe

Whats stopping history from repeating itself by having another hyperinflation incident but this time with the US Dollar?

We will see some hyperinflation in the next two decades.

Maybe not. Could hyperinflation occur when each and every citizen has access to an alternative currency such as Bitcoin?

It is very possible as mass selling of dollars or other fiat for bitcoin will lower the value of the fiat, but i think at the moment (between now and the next couple years) we are in need of a fiat currency collapse being hyperinflation or otherwise to see the price of BTC shoot up.

As the only major adoption right now is large companies accepting btc. But then they exchange the BTC for USD right away lowering BTCs value. So even though theres more acceptable of BTC we need people to hold it and not sell it.