What You Need to Decide for Your Financial Future

2011-01-24T10:26:00.001-08:00

WATCH THE DEBATE VIDEO NOW:

It’s clear that some type of economic depression is coming to the United States and to much of the rest of the world. In many ways, it has already begun.

In order to prepare, any serious investor has to answer the following, simple question: Where is the United States headed?

• A 1930s-style deflationary depression?

• Or a Weimar-style hyperinflationary crisis?

For the first time ever, two of the most prominent writers on this issue faced one another in a live online debate:

NICOLE FOSS, a.k.a. “STONELEIGH” at The Automatic Earth, ranks among the most prominent of the deflationists. She maintains that the ongoing contraction of jobs and overall income in the US will lead us into a sustained deflationary depression. Consequently—and in direct contradiction to the advice of hyperinflationists such as Lira—Foss strongly recommends Americans stay liquid in US Dollars and avoid going into any debt. As jobs and many businesses disappear, Foss foresees a crash in the money supply, leaving most people without cash or credit, and a minority hoarding the little that remains.

GONZALO LIRA has emerged as one of the web’s most high-profile hyperinflationists. Drawing on personal experience from Chile in the early 1970’s, Lira says the same hyperinflationary crisis will soon take place in the United States, due to the massive oversupply of debased U.S. dollars chasing after a finite supply of tangibles. He argues that Americans would be well-advised to structure their investments and their own personal lives in anticipation of a rapid and stunning hyperinflation.

This live online debate was moderated by JAY CARTER of Financial Survival Radio.

The entire event ran approximately two and a half hours in length. Now, you can see it all - on demand:

COST: $30

Includes: Unlimited access to a series of streaming online videos of the entire debate, including audience Q&A.

Foss / Lira Debate: Deflation vs. Hyperinflation

What You Need to Decide for Your Financial Future