October 21, 2009 – Evidence continues to emerge that the US dollar is headed for hyperinflation. For example, consider why US stock markets are rising.
The Dow Jones Industrials, S&P 500 and other indices are not rising because the economy has started growing. That won’t happen until employment stops falling, and there are no signs that employment will turn around anytime soon. Nor are the stock markets rising because the financial crisis of the past two years has ended. Banks failures are happening almost weekly in the US, with nearly 100 failures so far this year. A large Dutch bank collapsed last weekend, indicating that there are insolvent banks outside the US as well.