According to this report, there now is a coin shortage in the USA:
https://www.npr.org/2020/06/21/880958665/the-latest-pandemic-shortage-coins-are-the-new-toilet-paper
If you recall, Kelly Mitchell made this observation in his book Gold Wars:
Most hyperinflations feature a disappearance of the coinage. When the penny disappears, mark that date down. Hyperinflation may be near.
Source - https://sainthoward.blogspot.com/2013/12/gold-wars-must-read-book.html
Considering how the Federal (sic) Reserve System has been inflating and debasing our money, can hyperinflation be all that far away?
Update 6/22/2020
Note well the Fed is either in denial or using COVID-19 as a cover story for what's really going on:
https://www.zerohedge.com/personal-finance/covid-cash-crunch-fed-begins-rationing-coins
Update 7/1/2020
And the coin shortage continues:
https://www.zerohedge.com/markets/meijer-supermarkets-stop-accepting-cash-nationwide-coin-shortage-erupts
Here is further discussion of the underlying issues:
ReplyDeletehttp://www.informationclearinghouse.info/55259.htm
https://www.marketwatch.com/story/the-decline-of-the-us-dollar-could-happen-at-warp-speed-in-the-era-of-coronavirus-warns-prominent-economist-stephen-roach-2020-06-22
And still more discussion:
ReplyDeletehttp://brucewilds.blogspot.com/2020/07/national-coin-shortage-shines-light-on.html
And the beat goes on, seemingly without understanding what it all means:
ReplyDeletehttps://www.daytondailynews.com/business/with-coins-circulation-dropping-kroger-won-giving-coins-back/GbpB2DstQ5AKVftX3RxNMN/