When the next contraction comes.

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J

Juror No. 8

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You know it's coming, so let me get it out of the way for you:

"But, but, but... there won't be any hyperinflation! All the mainstream economists and professional teleprompter readers on TV say the greater threat is a deflationary spiral, and those guys are always right! A lot of them went to Harvard and Yale, so you know they're smart!"
 
Texashiker

Texashiker

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Dec 18, 2010
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Anarchist420 said:
Will North Dakota be worse off when creditors tighten up for one last time before America collapses from Hyperinflation?
Click to expand...

Hyperinflation does not exist inside the United States.

Have you ever wondered why we give so money money away to other nations? Its a way to export our inflation (excess cash surplus).

Inflation starts to kick in, just give a few billion away to some poor nation. Takes cash out of the system, keeps inflation in check.
 
Hugo Drax

Hugo Drax

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Nov 20, 2011
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Hyperinflation occurs when people lose confidence in the currency. Usually it happens rapidly and not something gradual like inflation. It is something like 2013 prices normal, 2018 100 dollars for a loaf of bread. yet in 2013 people would not dream of 100 dollar bread 5 years in the future.

Most likely what you will see in the near future, a couple of years from now is stagflation. ie: low GDP growth, low wages,high unemployment but high cost of living and 4-8% inflation.
 
J

Juror No. 8

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Sep 25, 2012
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Texashiker said:
Hyperinflation does not exist inside the United States.

Have you ever wondered why we give so money money away to other nations? Its a way to export our inflation (excess cash surplus).

Inflation starts to kick in, just give a few billion away to some poor nation. Takes cash out of the system, keeps inflation in check.
Click to expand...

LOL, what?

You can't get rid of inflation by giving cash to other nations. That accomplishes nothing. If we give money to other nations, they'll just spend it buying our goods, which sends the money flooding back, or they'll spend it buying goods from other nations, which eventually sends the money flooding back when those nations buy our goods.

The method for exporting our inflation has absolutely nothing to do with giving our cash away.
 
Texashiker

Texashiker

Lifer
Dec 18, 2010
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Juror No. 8 said:
LOL, what?

You can't get rid of inflation by giving cash to other nations. That accomplishes nothing.
Click to expand...

Federal reserve print money out of thin air, gives it to the banks, that money has to go somewhere, so the government gives excess money supply away.

http://online.wsj.com/article/SB10001424052748704405704576064252782421930.html

This also drives up inflation in other nations.

Why do you think the US government complains about china regulating its currency?

Here is another example - http://www.theblaze.com/stories/201...has-been-quietly-bailing-out-bank-of-america/
 
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Fern

Fern

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Sep 30, 2003
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Anarchist420 said:
Will North Dakota be worse off when creditors tighten up for one last time before America collapses from Hyperinflation?
Click to expand...

Can you explain your position a little better?

The oil/gas industry strikes me as one particularly well suited to survive inflation or hyper inflation. They can adjust their prices at a lighting fast pace and, while will see some sales declines, their products are essential and people will continue buying what they need/can.

Fern
 
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sm625

sm625

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May 6, 2011
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They (the top 0.01%) completely control the currency. There is no reason to hyperinflate. Hyperinflation comes when the bottom 90% get hold of the levers of the printing press, and use those levers to direct newly minted funds into their own pockets. (How dare those insolent peasants try to distribute freshly minted money evenly!) But there is none of that here. There is just a paltry handout to placate the masses, hell food stamp usage isnt even above $100 billion, and most of that money goes right back into the pockets of the rich. Compare a chart of a company like Kraft with that of a food stamp program spending. They rise in tandem, and will continue to do so because it is a handout to them. They have everything locked down and there is no political will to change it. Anyone near the levers of power is bought off and are too fat and happy to alter this trajectory. A hyperinflation would blow this perfect system of institutionalized looting to high heaven.
 
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