tag:blogger.com,1999:blog-1527840491496268397.post5975622991083233850..comments2024-03-08T11:20:30.095-07:00Comments on Credit Bubble Stocks: Gary North on Hyperinflation - Why It Won't Happpen to USDUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1527840491496268397.post-86328404047884142672012-08-16T09:07:41.607-07:002012-08-16T09:07:41.607-07:00Right, price-fixing == rationing. Sometimes I'...Right, price-fixing == rationing. Sometimes I'm not the clearest.<br /><br />Speaking of end of life, I just this week I read of a brother in-law of a blogger I frequently read who lived alone, fell and hit his head. They found him some days later in a coma and unresponsive. They didn't realize at the time he had fallen, and all the Dr's jumped to the conclusion he had a stroke or something and began talking of putting him down. The family insisted on more tests and they "discovered" his brain had all it's high-level functioning. So they did some more testing, realized the swelling was not internal, that it was from an external blow. So some more medication and time to bring the swelling down and long story short he's now fully responsive and recovering in the hospital. Now, if he were 10 yrs older, and Medi* was another 2% of GDP how much faster would they have written this guy off? How much harder would it have been for the family to demand more testing?Allan Folzhttps://www.blogger.com/profile/06762674627739423845noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-49324730757347307792012-08-15T23:37:06.748-07:002012-08-15T23:37:06.748-07:00And whether they are indexed or not, the expectati...And whether they are indexed or not, the expectation is that they provide a certain amount of purchasing power, in the case of SS, and services, in the case of Medicare.<br /><br />I would say rationing would be the more likely form of default - like health care in Britain. <br /><br />Especially the end of life stuff. Of course, doctors will tell you that they wouldn't want those types of measures used on them. CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-23767422590544074612012-08-15T22:20:18.838-07:002012-08-15T22:20:18.838-07:00This comment has been removed by the author.Allan Folzhttps://www.blogger.com/profile/06762674627739423845noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-30109738182809568912012-08-15T22:19:31.337-07:002012-08-15T22:19:31.337-07:00SS benefits are indexed to inflation. So are payme...SS benefits are indexed to inflation. So are payments to medical providers for Medicare & Medicaide, albeit in a slightly more round-about fashion.<br /><br />So yeah, hyperinflation isn't a panacea by any means. Instead, they'll default by price-fixing in all its glorious forms. You can go to the Dr. for $20, if you had a doctor. And receive negative real rates on all your savings. And see the math for your SS COLA cooked like an Enron financial statement.Allan Folzhttps://www.blogger.com/profile/06762674627739423845noreply@blogger.com