The Hyperinflation Meme

[WillJ8787]

Source:
https://www.bloomberg.com/news/arti...t-happen-in-u-s-like-in-venezuela-or-zimbabwe

What caught.my eye:
"We know from the past year that quite a few people inhabit alternate realities that float above the factual landscape like giant, impervious, untethered balloons. One unmoored balloon that’s reached enormous proportions recently is the specter of hyperinflation—the conviction that a reckless expansion in the money supply will trigger an endless cycle of currency depreciation and price hikes, turning the U.S. into the equivalent of Weimar Germany circa 1923, Zimbabwe circa 2020, or present-day Venezuela."

No,.we don't have any of these types around here.

 

[AlterErgo]

Twitter founder Jack Dorsey has issued a cryptic warning that " hyperinflation " will "change everything." In typical Dorsey style, the social media CEO tweeted out his comment, saying that "it will happen in the US soon, and so the world." Hyperinflation is typically very high and accelerated inflation.

Twitter CEO Jack Dorsey's dire warning: 'Hyperinflation ...

www.foxbusiness.com/economy/twitter-ceo-jack-dorsey-hyperinflation-warning
www.foxbusiness.com/economy/twitter-ceo-jack-dorsey-hyperinflation-warning

 

[CornusKousa]

Source:
https://www.bloomberg.com/news/arti...t-happen-in-u-s-like-in-venezuela-or-zimbabwe

What caught.my eye:
"We know from the past year that quite a few people inhabit alternate realities that float above the factual landscape like giant, impervious, untethered balloons. One unmoored balloon that’s reached enormous proportions recently is the specter of hyperinflation—the conviction that a reckless expansion in the money supply will trigger an endless cycle of currency depreciation and price hikes, turning the U.S. into the equivalent of Weimar Germany circa 1923, Zimbabwe circa 2020, or present-day Venezuela."

No,.we don't have any of these types around here.

We see the price of EVERYTHING going up, we see (D)'eez and (R)'z printing trillions with a desire to print more......you guys can keep telling yourself everything is fine.

https://www.meme-arsenal.com/memes/461fe8585c52a0c2844a4e7d62342b14.jpg

But everyone with a clue knows better.

You can call it whatever bullshit label you want, bottom line is the USD is loosing value at an alarming rate.


Please stay invested in the USD, someone has to be left holding the bags of worthless money in the end.

 

[LupusDei]

The point there's serious ground for talking about hyperinflation is when prices on everything go up over tenfold in a year, and accelerate onwards. Doubling or even twice doubling doesn't cut it for that kind of terminology, that's barely outside the range of normal fluctuations (for less stable currencies USD had historically been).

Even up to about 10000% yearly inflation it's still almost business as usual for laypeople without significant savings, given their employers adjust and pay in time (with there is significant incentive not to do however), it's when it goes over that when things go real ugly.

At and after the collapse of Soviet Union I have lived through a couple years where it was close to that hundredfold increase in prices yearly, and that was considered mild by comparison to what happened in couple other places. We decoupled from Soviet rubble (with itself suffered by several orders of magnitude more) in time by issuing completely bogus local currency not covered by anything, then quickly changing to another local currency, then anchoring that to SDR and finally to Euro, and eventually we changed to that explicitly. Yes, we went through three monetary reforms and four currencies within fifteen years to arrive back at about the same numbers on most stickers in practice. Sure, any savings not migrated out of local currency were gone completely, but it didn't stop newly backed millionaires to pop up right out of the turmoil.

The obvious complication there of course is the status of the dollar as world reserve currency. That's exactly why you can print money with apparent impunity. In a way, it's almost impossible to actually crash, because it automatically adjust evaluation of everything else, and so there's no visible effects except, perhaps, stock prices going up in ever increasing rates.

But, if that crashes indeed, finding alternative currency to store value in, and do fixed price deals in everyday black market wouldn't be as easy proposition as we had then with USD and Deutsch Mark with were both in alternative circulation. Store prices of electronics for example was in USD actually, the displayed sticker price simple function of that and day's exchange rate.

How possible it could be for individual states to quickly introduce localized fiat currencies did the federal dollar experience real trouble? If that's a possibility, some may, would burn even harder, of course, but one or two can emerge as ready replacement.

 

[pecksniff]

How possible it could be for individual states to quickly introduce localized fiat currencies did the federal dollar experience real trouble? If that's a possibility, some may, would burn even harder, of course, but one or two can emerge as ready replacement.

I believe state currencies did exist, once, in the early 19th Century.

 

[Rightguide]

Source:
https://www.bloomberg.com/news/arti...t-happen-in-u-s-like-in-venezuela-or-zimbabwe

What caught.my eye:
"We know from the past year that quite a few people inhabit alternate realities that float above the factual landscape like giant, impervious, untethered balloons. One unmoored balloon that’s reached enormous proportions recently is the specter of hyperinflation—the conviction that a reckless expansion in the money supply will trigger an endless cycle of currency depreciation and price hikes, turning the U.S. into the equivalent of Weimar Germany circa 1923, Zimbabwe circa 2020, or present-day Venezuela."

No,.we don't have any of these types around here.

You should probably shut up on the subject and avoid the coming humiliation that will arrive long before that hyperinflation does.

 

[WillJ8787]

We see the price of EVERYTHING going up, we see (D)'eez and (R)'z printing trillions with a desire to print more......you guys can keep telling yourself everything is fine.

https://www.meme-arsenal.com/memes/461fe8585c52a0c2844a4e7d62342b14.jpg

But everyone with a clue knows better.

You can call it whatever bullshit label you want, bottom line is the USD is loosing value at an alarming rate.


Please stay invested in the USD, someone has to be left holding the bags of worthless money in the end.

And your one of those who have a clue right?




























Blahahahaha...... Blahahahaha!

 

[WillJ8787]

The point there's serious ground for talking about hyperinflation is when prices on everything go up over tenfold in a year, and accelerate onwards. Doubling or even twice doubling doesn't cut it for that kind of terminology, that's barely outside the range of normal fluctuations (for less stable currencies USD had historically been).

Even up to about 10000% yearly inflation it's still almost business as usual for laypeople without significant savings, given their employers adjust and pay in time (with there is significant incentive not to do however), it's when it goes over that when things go real ugly.

At and after the collapse of Soviet Union I have lived through a couple years where it was close to that hundredfold increase in prices yearly, and that was considered mild by comparison to what happened in couple other places. We decoupled from Soviet rubble (with itself suffered by several orders of magnitude more) in time by issuing completely bogus local currency not covered by anything, then quickly changing to another local currency, then anchoring that to SDR and finally to Euro, and eventually we changed to that explicitly. Yes, we went through three monetary reforms and four currencies within fifteen years to arrive back at about the same numbers on most stickers in practice. Sure, any savings not migrated out of local currency were gone completely, but it didn't stop newly backed millionaires to pop up right out of the turmoil.

The obvious complication there of course is the status of the dollar as world reserve currency. That's exactly why you can print money with apparent impunity. In a way, it's almost impossible to actually crash, because it automatically adjust evaluation of everything else, and so there's no visible effects except, perhaps, stock prices going up in ever increasing rates.

But, if that crashes indeed, finding alternative currency to store value in, and do fixed price deals in everyday black market wouldn't be as easy proposition as we had then with USD and Deutsch Mark with were both in alternative circulation. Store prices of electronics for example was in USD actually, the displayed sticker price simple function of that and day's exchange rate.

How possible it could be for individual states to quickly introduce localized fiat currencies did the federal dollar experience real trouble? If that's a possibility, some may, would burn even harder, of course, but one or two can emerge as ready replacement.

Spot on....gotta love Cornturd and Wrong turd readying their "prepper" caves. Blahahahaha.

 

[Bud_Spencer]

I've lived hyperinflation. This isn't hyperinflation.

That said, it's not good at all

 

[WillJ8787]

I've lived hyperinflation. This isn't hyperinflation.

That said, it's not good at all

There is a very simple solution folks....stop buying things

I got a good laugh at the local news folks shouting it out....start buying for the holidays now!

How about we all enjoy the holidays without all the conspicuous consumption? Enjoy each other's company and a nice dinner together and stop buying shit.... the problem will go away.

 

[Bud_Spencer]

There is a very simple solution folks....stop buying things

I got a good laugh at the local news folks shouting it out....start buying for the holidays now!

How about we all enjoy the holidays without all the conspicuous consumption? Enjoy each other's company and a nice dinner together and stop buying shit.... the problem will go away.

Inflation is a monetary phenomenon. It won't do any good unless we all stuff our mattresses with dollars.

 

[WillJ8787]

Inflation is a monetary phenomenon. It won't do any good unless we all stuff our mattresses with dollars.

It is more than just monetary.

Hyperinflation is often a sustained dramatic drop in currency value from:

Printing money(to much supply of it)
Country loses it rating(defaults on loans)

Run of the mill inflation as described by Lupus dei can be caused by many other non-monetary factors.

 

[pecksniff]

At least we haven't heard from any goldbugs in this thread.

They're a curious phenomenon. The 19th Century Free Silverites wanted an inflationary monetary policy. Today's goldbugs want a deflationary policy -- but, they're part of the same tradition in American politics, rooted in suspicion of and hostility to the financial sector.

 

[Bud_Spencer]

It is more than just monetary.

Hyperinflation is often a sustained dramatic drop in currency value from:

Printing money(to much supply of it)
Country loses it rating(defaults on loans)

Run of the mill inflation as described by Lupus dei can be caused by many other non-monetary factors.

The first is exactly the monetary phenomenon I was talking about.

And if the country doesn't print more money, where does all that money people are spending come from? Outer space?

 

[pecksniff]

The first is exactly the monetary phenomenon I was talking about.

And if the country doesn't print more money, where does all that money people are spending come from? Outer space?

Banks create it.

Money is not the same thing as currency.

 

[Bud_Spencer]

Banks create it.

Money is not the same thing as currency.

Fractional-reserve banking indeed expands the money supply, but only to a point. Those who print that money take that into account.

 

[WillJ8787]

The first is exactly the monetary phenomenon I was talking about.

And if the country doesn't print more money, where does all that money people are spending come from? Outer space?

Ok, so I'll be gentle here with ya because you are an "EE".

Monetary Policy in the USA is a carefully planned exercise of printing and taking money out of circulation.. All the countries that have had crazy, run away hyperinflation (Argentina, Chile, Venezuela, Soviet Russia, Weimar Germany up until WW11, and others), have done something very different and often without considering taking it out of supply.

It is the sole reason why we don't and most likely will not have run away inflation. (Who knows though....after covid, I thought I had seen everything so...). So, if all things remains equal (as they have, the status quo) then we most likely will be ok.

This is why the most powerful person in govt, is not really the President, it is the Fed Chair. But, I digress.

 

[WillJ8787]

Banks create it.

Money is not the same thing as currency.

Money....more often deals with supply balanced against demand(which could be for capital investments, consumer spending, or even savings accounts)...how much is in circulation and how that will affect its value (perceived and real).

Currency....more often one would be talking about comparative values between countries.

 

[CornusKousa]

And your one of those who have a clue right?


Blahahahaha...... Blahahahaha!

You're ..... clearly not.

There is a very simple solution folks....stop buying things

I got a good laugh at the local news folks shouting it out....start buying for the holidays now!

How about we all enjoy the holidays without all the conspicuous consumption? Enjoy each other's company and a nice dinner together and stop buying shit.... the problem will go away.

Or I could do both....

Spot on....gotta love Cornturd and Wrong turd readying their "prepper" caves. Blahahahaha.

?? Gotta love WillJ making shit up about others because he's not very secure in his positions.

 

[WillJ8787]

You're ..... clearly not.



Or I could do both....



?? Gotta love WillJ making shit up about others because he's not very secure in his positions.

It is completely hysterical how you don't know...what a blathering idiot you are! But, thanks....I needed a good laugh today.

 

[Bud_Spencer]

Ok, so I'll be gentle here with ya because you are an "EE".

Monetary Policy in the USA is a carefully planned exercise of printing and taking money out of circulation.. All the countries that have had crazy, run away hyperinflation (Argentina, Chile, Venezuela, Soviet Russia, Weimar Germany up until WW11, and others), have done something very different and often without considering taking it out of supply.

It is the sole reason why we don't and most likely will not have run away inflation. (Who knows though....after covid, I thought I had seen everything so...). So, if all things remains equal (as they have, the status quo) then we most likely will be ok.

This is why the most powerful person in govt, is not really the President, it is the Fed Chair. But, I digress.

This is exactly what I said.

 

[CornusKousa]

It is completely hysterical how you don't know...what a blathering idiot you are! But, thanks....I needed a good laugh today.

Vapid name calling... the closest you've ever come to refuting anything I've ever said.

the amusement is all mine WillJ, I assure you

 

[WillJ8787]

This is exactly what I said.

Ok...my bad. You are spot on.

 

[Bud_Spencer]

Ok...my bad. You are spot on.

No problem, we all misread things.

 

[LittleDixie]

The US Dollar is dying. Fiat currency has a very very long history, and the ending is always the same - it becomes worthless.

The material difference between a $50 and a $100 bill is negligible - both are essentially paper/cloth with ink on them. Neither has any value outside of the system they function inside, and as a result, they have no inherent worth.

The more of it that they print or digitally insert into circulation dilutes the trust in the dollar that is the sole reason why it is traded back and forth in exchange for real goods. A stack of paper bills only has more value than an egg because there is a person who will trade you eggs for those bills. The day the person with the eggs stops wanting your worthless paper is getting closer and closer.

The distinction between hyperinflation and massive inflation isn't as important as the realization that all inflation is a step closer to the collapse of our economic system.

https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fgoldbroker.com%2Fmedia%2Fimage%2Fcms%2Fmedia%2Fimages%2Fegon-new-bank%2FScreen-Shot-2017-04-28-at-14.34.02.png&f=1&nofb=1​