Prepare For Hyperinflation

Flustered Peter Zeihan is a new thing.

China and the U.S. are utterly dependent on each other.

China and the U.S. are both governed by cults of personality.

Objective reality of the flow of goods and services no longer matters.

Until it does, and it won’t take long for reality to bite.

Our president has floated the notion of a sovereign default.

The table below shows who gets stung if we pull the rug out from under t-bills.

Pax Americana is gone … and Pox Americana may be an apt description of what is taking its place.