Quote from: creighto on September 22, 2010, 07:21:28 PM

Quote from: theymos on September 21, 2010, 01:47:10 PM

A hyperinflation would be the perfect time to advertise Bitcoin as an alternative to USD. I hope they start printing a trillion every day.

Hyperinflation would be too late. Anyway, I don't think that hyperinflation is in the cards for a while, yet. I don't think that there will even be much or any overall inflation, for that matter, even though food & energy are set to hit the hockey stick. We are presently in deflation, despite the 'monetary easing' that's been going on, because the contraction in M3 (base currency + credit) has been falling even though the base currency numbers have nearly doubled. The falling value of real estate is enough to overwelm the rising prices of neccessities, even though it doesn't feel any better. The US dollar is a defacto international reserve currency, and as such, much of the monetary base is not in circulation within the US economy itself. Much of it is held by foreign nations or banks as an asset in reserve. This could change quickly, and China has us in a bad spot should they, for whatever reason, decide to divest themselves of their cash and savings bonds. They are not likely to ever do this due to economic reasons, because they would harm their own economy significantly in the process; but they may do it for political reasons, and that would cause a massive inflationary adjustment if that much base currency were to suddenly attempt to return to the US economy. Hyperinflation is a different event. That is the death of a currency, and is never the choice that banks or their political pets would make, because it would be the end of their con game forever. And it is a choice, because hyperinflation is always and everywhere a political event.

Wouldn't a nationwide bank run result in hyperinflation?