Almost anybody surfing these forums is familiar with Austrian economic school views and the drill that goes along following lines:
- massive US debt
- even bigger unfunded liabilites
- massive FED printing of money
- mismanagement, debasing of currency has led (across space and time) to one thing and one thing only which is hyperinflation
Sitload of books predict the financial doomsday - some of them now almost a decade old.
So how come US and it's counterfeited dollar are still afloat? Why isn't it happening?
1) Most of the world's oil is traded in US dollars, so any country that needs oil must have USD. This keeps demand high for those dollars. (Offsetting some of high supply.)
2) A lot of the dollars that were created for the huge bank bailouts haven't yet been spent out into the economy yet. The banks are still sitting on the money.
3) Some of the excess money, looking for a place to go is artificially inflating stock prices.
These don't prevent hyperinflation, they just delay the inevitable.