Hyperinflation is here | |
AggregateThreat
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xemomorph
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ctiger2
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Anonymous Coward User ID: 78215030 United States 10/17/2020 09:35 PM Report Abusive Post Report Copyright Violation | Hyperinflation is a monetary phenomenon triggered by the loss of confidence in Govt which causes an increase in money velocity and as a result higher prices, esp for commodities or desirable financial assets, at an ever increasing rate of increase. Quoting: ctiger2 OK then, so no hyperinflation yet... [link to fred.stlouisfed.org (secure)] |
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Anonymous Coward User ID: 78215030 United States 10/17/2020 09:47 PM Report Abusive Post Report Copyright Violation | The liquidity trap argument assumes that they won't just monetize the debt. I don't think it's going to end up like Japan. Americans aren't going to start hoarding money. If they give enough pork to the bottom it will trickle up. Now if all that money goes to the top 1% maybe we'd see a liquidity trap... though it is interesting the velocity of money is as low as it is. |
Anonymous Coward User ID: 75978640 United States 10/17/2020 09:51 PM Report Abusive Post Report Copyright Violation | This is total BS Quoting: Anonymous Coward 79058309 There is no evidence that hyperinflation is occurring. In fact, gold is currently decreasing in value and the USD is increasing is looking like it's going to be increasing in value. gold is almost 2000 an ounce right now. end of 2019 it was something like 1500. so no. |
Magnetar
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Anonymous Coward User ID: 79417164 United States 10/17/2020 09:55 PM Report Abusive Post Report Copyright Violation | Doesn't really matter so long as the price of what you're selling, labor, products, or a service(s) of some kind Quoting: Anonymous Coward 17503234 really it is the saver's that lose everything, so when a dozen eggs cost a million dollars your life's savings will get you a few eggs. Your $200k 401k will get you a half dozen. |
Anonymous Coward User ID: 79428480 Canada 10/17/2020 09:59 PM Report Abusive Post Report Copyright Violation | This is total BS Quoting: Anonymous Coward 79058309 There is no evidence that hyperinflation is occurring. In fact, gold is currently decreasing in value and the USD is increasing is looking like it's going to be increasing in value. gold is almost 2000 an ounce right now. end of 2019 it was something like 1500. so no. Wait till gold corrects itself again, by about $500-$1000 more... 2021 gold will hit $2500-$3000 |
Anonymous Coward User ID: 78215030 United States 10/17/2020 09:59 PM Report Abusive Post Report Copyright Violation | Doesn't really matter so long as the price of what you're selling, labor, products, or a service(s) of some kind Quoting: Anonymous Coward 17503234 really it is the saver's that lose everything, so when a dozen eggs cost a million dollars your life's savings will get you a few eggs. Your $200k 401k will get you a half dozen. For that you have to put lots of money into the hands of the bottom. They've given the bottom a lot but most of it's still sitting in the hands of the top driving up asset prices. Now if dems get elected and pass a monster stimulus, watch out. |
Anonymous Coward User ID: 79058309 United States 10/17/2020 10:00 PM Report Abusive Post Report Copyright Violation | This is total BS Quoting: Anonymous Coward 79058309 There is no evidence that hyperinflation is occurring. In fact, gold is currently decreasing in value and the USD is increasing is looking like it's going to be increasing in value. gold is almost 2000 an ounce right now. end of 2019 it was something like 1500. so no. It's $1900, not $2000. It's pulling back from all time highs. Look at what happened the last time it reached an all time high in 2011. Go ahead... invest your life savings in gold lol. Put your money where you mouth is. |
Anonymous Coward User ID: 75978640 United States 10/17/2020 10:02 PM Report Abusive Post Report Copyright Violation | This is total BS Quoting: Anonymous Coward 79058309 There is no evidence that hyperinflation is occurring. In fact, gold is currently decreasing in value and the USD is increasing is looking like it's going to be increasing in value. gold is almost 2000 an ounce right now. end of 2019 it was something like 1500. so no. Wait till gold corrects itself again, by about $500-$1000 more... 2021 gold will hit $2500-$3000 i think it will hit an exponential moment and we are starting to approach it. my guess 2021 gold will double or triple. 4000-6000 |
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Halsey Knox
User ID: 44883436 United States 10/17/2020 10:04 PM Report Abusive Post Report Copyright Violation | Don't worry...The Fed will save us! J/K! Now is the time for community banking! "THE conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in democratic society. Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power of our country." -Edward Bernays |
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Anonymous Coward User ID: 75978640 United States 10/17/2020 10:04 PM Report Abusive Post Report Copyright Violation | This is total BS Quoting: Anonymous Coward 79058309 There is no evidence that hyperinflation is occurring. In fact, gold is currently decreasing in value and the USD is increasing is looking like it's going to be increasing in value. gold is almost 2000 an ounce right now. end of 2019 it was something like 1500. so no. It's $1900, not $2000. It's pulling back from all time highs. Look at what happened the last time it reached an all time high in 2011. Go ahead... invest your life savings in gold lol. Put your money where you mouth is. i wrote almost. 1900 is almost 2000. nothing is an investment now, it's just rearranging deck chairs on the titanic. there are no "investments". all that matters in the end is your relationship with God. you won't care one little bit about investments or anything else 5 seconds after you die. |