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Stop preparing for economic catastrophe?

George4title

George4title has won a following on the Internet with his YouTube videos on the dire consequences of the housing crisis and recession, and how to prepare for an impending, economic catastrophe.

He’s bought into the Ron Paul, Peter Schiff, Glenn Beck line of thinking that the huge deficits Washington’s running up to bailout the banks and boost the economy will lead to the collapse of the dollar — and civilization as we know it.

Recently, for example, George4title has posted videos on how to live out of your car and why we can no longer afford to buy food at grocery stores.

His videos usually have “inflation.us” superimposed on the action, which is the Web site of the National Inflation Association.

It’s “preparing Americans for hyperflation” by urging us to buy shares in mining companies that “will capitalize significantly on the upcoming gold and silver boom” since the dollar will soon be worthless.

But George4title’s shocking new video says he’s no longer preparing for economic collapse.

Seems his wife put her foot down and threatened to take the kids and leave if he didn’t stop preparing for the apocalypse and resume a more normal life. He’s torn, but acquiescing to save his family.

A mistake? Brings us back to the question of whether or not inflation is a serious threat.

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  1. Drew said:
    on June 11th at 05:36 am

    Check out the link to the Wall Street Journal editorial I attached…it’s not just Ron Paul, Peter Schiff, and Glenn Beck who are warning us of inflation now. In fact, the recent spike in oil prices is probably the beginning…the increase was allegedly caused by banks speculating in oil futures with TARP funds (there was no increase in demand, and inventories are at record levels).

    We may be on the brink of a dollar collapse (of course, I’ve been hearing that for 10 months, but every day the threat seems a little more real). I sure hope they’re all wrong!