Will we see hyperinflation soon or has it already started? I heard on the radio yesterday that used car prices rose at 14 times the feds published rate of inflation. I know home prices are through the roof and food and luxury items and recreational toys and ammo are up big too.
My neighbor back in 2008 was convinced hyperinflation was coming when Obama did that huge stimulus plan to pay off his political buddies. The one they said was for shovel ready jobs but didn't go towards any. This neighbor told me I needed to hurry and get out of debt because hyperinflation was coming. I told him if hyperinflation was really coming I was going to go borrow all the money I could and buy hard assets. If money was going to be basically worthless I wanted to owe it to others not have it sitting in my savings.
That made him think a bit. He then said he hadn't thought of it like that but after thinking about it that I might be right.
I've been thinking about that conversation lately and trying to game theory the crazy government spending. I'm convinced that the only way out of the massive debt we have is to devalue the currency. I think there's a plan to do so and the politicians are in on it. Imagine handing the Chinese a couple of Zimbabwe style trillion $ bills and saying there's the money you loaned us. That's probably why they are throwing trillions around like it's nothing. The question is, when? My neighbor was convinced it was going to happen about 2009. Here we are a dozen years later and $100 is still worth more than the paper it's printed on.
What are your thoughts on hyperinflation? Is it coming and when? How do you prepare? I like being out of debt and I think food and energy will take up most of our income when it happens but I wonder about having a bunch of cash in savings and retirement accounts. Should I be using said cash along with some low interest loans to go heavy into hard assets. I still worry the economy could go full depression and then the assets would devalue and I'd wish I had that cash in the bank to buy up properties and stuff while cheap.
1. Will the dollar collapse first? 2. Will a big depression hit and home prices etc drop? 3. Is everything going to coast along like Obama years barely treading water? 4. Will another Trump like boom happen?
I am not an economist, nor did I play one on TV. But. You just can't keep watering down the money supply without causing inflation. Dump a trillion or so here, a trillion or so there of the magic printed money into the economy and it will have a negative effect.
the plan is to destroy the dollar and inflation run wild until the retirement that the conservatives saved in IRA and 401k is worthless and we become just as poor as the worthless craps that wouldn't work their whole life and those that didn't save for retirement.
They can't have total control til the use of CBDC's (central bank digital currency). Purposefully done or not, the USD will not exist in it's present form, much longer. Humans will continue to sell their freedom for the sake of convenience. When it hits the fan this time, we don't come back from it.
I don’t know if there is an actual plan to devalue the dollar. When it comes to spending, I believe most of the dems are too stupid to understand what the consequences are. All is I know is that gold should be at 10,000 an oz and decent farm ground should be 20,000 an acre, that’s if you figure the national debt into the equation. I think most other countries also have heavy debt loads so who knows what happens. Warren Buffet said the debt won’t be repaid it will be “refunded”. I haven’t quite wrapped my mind around that one....
At some point and time if you keep giving stuff away you end up with nothing. I feel those who think they are financially secure are going to pay the price for all their hard work. The freeloaders and deadbeats can't afford to pay attention and don't give a damn.
Hyperinflation is usually a relatively short term event. The plan is to come out the other side in decent shape. Then use assets to acquire bargains. What assets will hold value that is the question? Historically the answer would be gold/silver, real money
I’ve been telling my family and friends for many years that sporty times are coming ahead, and we better all buckle up.
The rise and falls of empires. Been happening since the dawn of time. It will just be our turn.
The only difference between now and the past is that there are more people on the earth, the world in more enmeshed financially and socially, and there are weapons that can end mankind quickly.
I don’t think we will be able to outrun this tsunami coming.
Hyperinflation is usually a relatively short term event. The plan is to come out the other side in decent shape. Then use assets to acquire bargains. What assets will hold value that is the question? Historically the answer would be gold/silver, real money
The hyperinflation from 73 into the 1980s wasn’t exactly a short term event and it took someone like Paul Voelker to do what had to be done to bring it to heel.
The government can print money without inflation right up to the point they can’t. The way they’re printing money and using it has caused massive inflation where it’s going. The stock market has no basis in traditional valuation. Home and auto prices are also being inflated by the near free money available. It seems as long as there is no shortage of consumer products to buy , no shortage of labor to drive up wages , and a shortage of dollars to purchase said goods the government can print money and give it away. At the point the dollars saturate the market they will spark inflation. Inflation is like wildfire in that the fuel has slowly built up over time then a spark occurres and the fire it starts is many magnitude of the spark that started the wildfire. There’s a ton of inflationary fuel in our forest but the spark hasn’t hit the right fuel yet. Fuel will keep building until the world economy burns or there’s a real effort to clear the fuel. Either will be extremely socially painful.
Hyperinflation will happen when the Dollar no longer is the worlds currency, the debt gets larger then the ability of the US government to pay without excessive taxes, or foreign countries such as China cash in their T bills and want their money back. Probably any two of these things happening would immediately trigger it.
Trump had the economy booming and was beginning to pay down the debt and headed to a balanced budget by the mid-2020's. The Wuhan virus stopped this. Dems care more about their theoretical ideas of utopia to see the truth. This is from socialism to acceptance of all things even if weird like LBGTQ stuff. There will never be a utopian society where everyone is totally equal and have the same net worth. There will always be harder workers than others, smarter people than others, mentally impaired people, lazy people, and people filled with hate, people who have no moral compass, etc. America created the best society the world has ever seen, until the liberals for the last 20-30 years have been trying to destroy it.
Why to they think white people are superior, not because of IQ, but because of Christian principles and Capitalism, along with freedom and private ownership of property. It caused the western world to expand and spread colonies all over the world, and it resulted in the Industrial Revolution. Any other people, like the Asians, who copied it also prospered like Japan. Trying to tear down what is and was the greatest elevator to humans is stupid. Copy it, don't destroy it. Whites aren't the problem, their principles are the solution, not Marxism, Socialism, both of which have never worked anywhere.
Venezuela has oil, minerals, and tropical products as well as nice beaches, but socialism has killed them. Japan as no natural resources of any significant amount and rely on trade and private productivity to have the 3rd biggest economy in the world.
We have outsourced or factories and work, and have a reduced core of productivity to offset hyperinflation. When it hits it is going to be really bad.
Hyperinflation will happen when the Dollar no longer is the worlds currency, the debt gets larger then the ability of the US government to pay without excessive taxes, or foreign countries such as China cash in their T bills and want their money back. Probably any two of these things happening would immediately trigger it.
Trump had the economy booming and was beginning to pay down the debt and headed to a balanced budget by the mid-2020's. The Wuhan virus stopped this. Dems care more about their theoretical ideas of utopia to see the truth. This is from socialism to acceptance of all things even if weird like LBGTQ stuff. There will never be a utopian society where everyone is totally equal and have the same net worth. There will always be harder workers than others, smarter people than others, mentally impaired people, lazy people, and people filled with hate, people who have no moral compass, etc. America created the best society the world has ever seen, until the liberals for the last 20-30 years have been trying to destroy it.
Why to they think white people are superior, not because of IQ, but because of Christian principles and Capitalism, along with freedom and private ownership of property. It caused the western world to expand and spread colonies all over the world, and it resulted in the Industrial Revolution. Any other people, like the Asians, who copied it also prospered like Japan. Trying to tear down what is and was the greatest elevator to humans is stupid. Copy it, don't destroy it. Whites aren't the problem, their principles are the solution, not Marxism, Socialism, both of which have never worked anywhere.
Venezuela has oil, minerals, and tropical products as well as nice beaches, but socialism has killed them. Japan as no natural resources of any significant amount and rely on trade and private productivity to have the 3rd biggest economy in the world.
We have outsourced or factories and work, and have a reduced core of productivity to offset hyperinflation. When it hits it is going to be really bad.
Hyperinflation is usually a relatively short term event. The plan is to come out the other side in decent shape. Then use assets to acquire bargains. What assets will hold value that is the question? Historically the answer would be gold/silver, real money
The hyperinflation from 73 into the 1980s wasn’t exactly a short term event and it took someone like Paul Voelker to do what had to be done to bring it to heel.
You confuse terms. We did not experience hyperinflation. Annual inflation rate for the 1970s was 6.8%.
An example of hyperinflation is Zimbabwe in Nov 2008 when they experienced 100% inflation per DAY!
Yugoslavia in January 1994 when it was 64% per DAY.
Germany in Sept 1923 was 23% per DAY
Venezuela had 65% annual inflation in 2014.
The US has. not seen hyperinflation since the end of the Revoltionary war, or perhaps the post Civil War firmer confederate states
The topic of hyperinflation always reminds me of what I heard years ago about how when it really hits us hard you'll find it cheaper to have a roll of dollar bills next to the toilet in lieu of a roll of toilet paper.
Hyperinflation is usually a relatively short term event. The plan is to come out the other side in decent shape. Then use assets to acquire bargains. What assets will hold value that is the question? Historically the answer would be gold/silver, real money
The hyperinflation from 73 into the 1980s wasn’t exactly a short term event and it took someone like Paul Voelker to do what had to be done to bring it to heel.
You confuse terms. We did not experience hyperinflation. Annual inflation rate for the 1970s was 6.8%.
An example of hyperinflation is Zimbabwe in Nov 2008 when they experienced 100% inflation per DAY!
Yugoslavia in January 1994 when it was 64% per DAY.
Germany in Sept 1923 was 23% per DAY
Venezuela had 65% annual inflation in 2014.
The US has. not seen hyperinflation since the end of the Revoltionary war, or perhaps the post Civil War firmer confederate states
Call it what you will but it was exactly hyperinflation here in the USA for those who had to have loans.
The topic of hyperinflation always reminds me of what I heard years ago about how when it really hits us hard you'll find it cheaper to have a roll of dollar bills next to the toilet in lieu of a roll of toilet paper.
That happened not quite a year ago. Great TP shortage of '20
Well if you just inflate wages for the lowest employees and you just keep printing, borrowing and giving away money, than prices will rise. Gas seems to rise about 10 cents every other day, but when they “officially” measure inflation they don’t count most things you need to buy. Bottom line is that we are heading for a crash landing.
Are your assets pile driven into the bottom, like cash? Or are you floating in a boat, like a stock?
What does it all mean? There is a trade off with risk and return: a) If you stubbornly want no risk, your wealth will slowly be robbed by inflation. b) If you are leveraged into high growth stocks, you can be wiped out by a pull back.
It is an IQ test how you navigate the path in between.
As someone who does have an economic degree, and not from the University of Boston, let me try to address you concerns, along with some others expressed in this thread.
First, there is no Democrat plan to crash our economy. They are just to ignorant to understand their policy consequences.
Do I expect us to see real inflation. Yes. Do I expect true hyperinflation to hit the U.S. No.
In reaction to Corona, the actions of the Treasury and Federal Reserve resulted in about a 25% increase in the overall supply of base money. In simple terms, there's 25% more dollars chasing the same goods and services, or GDP. For now Corona reduced our GDP, so that 25% figure actually understates the problem by around 6%.
Markets are not perfectly efficient, so during the early stages after newly created money's injected into an economy, inflation doesn't immediately take off. Instead it generally creates an artificial short term "boost" to the economy where the new money allow spending, and hence an increase in demand for certain products, and the beneficiaries of this "boost" enjoy it. However, there is no free lunch. This "free" money comes at the expense of the devaluation of all other assets. This is because in a fiat currency system, we can argue if money is really an asset or not. In general it's store of value, but that value is in relations to all products and services represented by all the money. So, add money to an economy with no corresponding increase in the good and services, and inflation will occur.
Although a 25% increase in the base money supply is unpleasant, it's not anywhere near the monetary increases experienced by Weimar German, or the Congo. Additionally the Weimar and Congo had the additional problem of the destruction of their economic resources, German through the impacts of WWI and payment of reparation's, and the Congo through the effects of Civil War, neither of which impacts us at present.
So, what's the "base case" scenario? It's my expectation (as of today, I may change my mind tomorrow) this increase in our money supply will result in reduction of buying power of the U.S. dollar in the range of 12% to 30% over the next 3 to 6 years. In other words, after a delayed start, inflation in the 3% to 6% range over several years. This is potentially bad for housing prices since they are inversely levered to interest rates. Houses are generally bought based on the payment amount, not the sales price. In the event that interest rates rise, and wages stay stagnant, this will put negative pressure on housing prices. Of course with the greenies in power, we can also expect supply constraints as evidenced by the current price trends in lumber.
Democrat policies will do our economy no favors. Every regulation has the effect of a tax and reduces productivity. For at least the next two years we can expect an increased regulation which will result in Obama like growth rates. In other words, expect real GDP to grow around 1 to 2 percent with the occasional quarter with a 3 percent rate.
Along the way, this injection of money will create bubbles, and along with these bubbles we will see opportunities on both the upside, and the down side. In addition to negatively impacting housing prices, raising interest rates are also bad for bond prices. All this money has to go someplace, and we've already seen this in rise of the stock market, and alternative "assets" such as bitcoin. By a good number of metrics the stock market is already over valued, but that certainly doesn't mean it can't go higher. Greenspan gave his "Irrational Exuberance" speech in 1995. In the following 5 years, the market quadrupled, partially due to the fed's injection of 2 trillion in capital after the failure of Long-term Capital Management in 1998, before the market topped during March of 2001 after peak tech earning.
So, we're looking at 1 to 2 percent growth, 3 to 6 percent inflation, 10 year notes will have to be higher than inflations, so, 4 to 7 percent, and 30 year mortgages back to 5 to 8 percent for good those with good credit. As of Q2, Federal debt was 135% of GDP, up for 107% two quarters earlier. If we are able to end the lock downs, and the Marxist payoff package passes, by year end debt to GDP should be around 125%, with another 5% to be added it the out years of the Marxist Payoff. Last year, the treasury paid a blended rate of about 2.2% on the debt for about $380 billion. If rates spike, and the yield curve inverts, that could put our Marxist leaders in the position of having to raise taxes, monetize the higher interest deficit, or both. Higher taxes typically result in reduced GDP, and Monetizing deficits results in inflation. Is anyone else here old enough to remember the 1970 when bad fiscal policy resulted in low and negative growth, bad monetary policy resulted inflation, and bad public policy resulted in shortages? Throw in some more 1960's style riots, and sure, we are in for some fun times, but not the total collapse of The Republic. After all, midterms are only 21 months away.
As someone who does have an economic degree, and not from the University of Boston, let me try to address you concerns, along with some others expressed in this thread.
First, there is no Democrat plan to crash our economy. They are just to ignorant to understand their policy consequences.
Do I expect us to see real inflation. Yes. Do I expect true hyperinflation to hit the U.S. No............................
A.S.: If you at present were 8% in oil, 14% in crypto, 22% in Precious metal, and 16% in cash with the rest scattered about in such as retail and tech what would you do now? Not depending on the money now or the future several years out. Planning on giving it to my heirs if nothing gets in the way. By the way, the crypto part started out very small and blossomed so I'm not into it with out of pocket money. This is self directed IRA. So I guess I'll be forced to use some of it in time.
On the other hand, maybe it's not all that surprising.
You occupy such a small world.
What book are you getting those digs from? Are you just going down the list?
Hawkeye, Old Cooter is off the rails these days, seems all he wants to do is be a contrarian and fight with everyone. Must be fallout from the "covid" derangement syndrome..... kinda like Trump derangement only different....
As someone who does have an economic degree, and not from the University of Boston, let me try to address you concerns, along with some others expressed in this thread.
First, there is no Democrat plan to crash our economy. They are just to ignorant to understand their policy consequences.
Do I expect us to see real inflation. Yes. Do I expect true hyperinflation to hit the U.S. No............................
A.S.: If you at present were 8% in oil, 14% in crypto, 22% in Precious metal, and 16% in cash with the rest scattered about in such as retail and tech what would you do now? Not depending on the money now or the future several years out. Planning on giving it to my heirs if nothing gets in the way. By the way, the crypto part started out very small and blossomed so I'm not into it with out of pocket money. This is self directed IRA. So I guess I'll be forced to use some of it in time.
Since this goes out to a broadcast audience, I'll address your questions how I see general macro trends. Biden will do everything he can to shut down new oil production in this country. There's not much he can do to shut in existing wells. This brake on the growth in domestic supply should impact prices and favor the large producers with existing well, who also have the ability to seek new sources outside the U.S. Warren Buffet must see this in a similar light based in his recent purchases of Chevron and Exxon.
Historically, Precious metals, specifically gold and silver prices correlate to the positive rate of change in interest rates. In other words, as interest rates increase rapidly, so do gold and silver prices. So I would expect the current fundamental conditions to favor Gold and Silver, but from a technical standpoint, neither chart looks good at the moment for the short to intermediate term trade.
As for crypto, over the long term I expect that vast majority of crypto currencies to go defunct and become worthless. This is not different than any other new asset class, but still, it's a good reason to proceed with caution.
Keep in mind I'm not saying all crypto will go under, not that money can't be made, but crypto's have their own under appreciate risk. Here's an example. Bit coin is constructed to has a theoretical maximum number of coins....ever. So what happened it it became too hard for miner to create new coins, and hence dollars, out of thin air? Bit coin "forked" and they created Bitcoin Cash. "It's not inflation, it's a whole new currency". In other words, the Bitcoin community created a whole new substitute product, neither of which have any underlying earnings, or generate any cashflows, etc. They are just a private fiat currency that consumes electricity, with 100% faith based price. So long as there's always a bigger fool, prices can continue to go up, until there are no more fools. At least tulip bulbs could be used to grow tulips which can be sold at a market, which was the basis for the tulip mania. With bitcoin, you can't even grow tulips.....
With that said, I have friends and coworkers who've made good money on Crypto's. They primarily stick to the established currencies on the established exchanges and trade them from a strictly technical standpoint based on the same chart patterns prevalent in stocks and futures trading. Some have done well staying on the bleeding edge of what's becoming the new "hot" currency just as they are taking off, but they do so knowing they are taking on significant risks generally for shot term gains.
As of today, I don't like either the current price point, or chart patterns for Bitcoin or Ether, and too many of the biggest fools I know, i.e. the shoe shine boy and tow truck driver types are asking me about them to be comfortable establishing a new positions. Of course you situation is different, so you'll have to take that into consideration.
Real-estate. Right now their two kinds of real-estate I don't want to be in. Office space and housing units support workers in dense office space environments. It appears to me the work from home trend is not going away. Companies are seeing workers remain productive from home, and are looking to cut office space costs. Some major Wall Street firms have announced they will let their employees work from anywhere in the country with a reliable internet connect. This is not good for demand for office space and housing units in places like NYC and San Francisco not retail space in those environments.
As for tech, it's the tech companies facilitating these trends, and demand for their products continue. Try to buy a CPU or Video card for a build right now. Good luck. Our local Microcenter has lines every morning for people looking for card and CPU's. They are almost as scarce as powder and primers.
I also expect people to continue spending more on their homes. If you spend more time in it, might as well make it better. Same goes Marxist policies continue to adversely impact home building. If you can't buy new, got to fix up what you already have....or at least as much as you can with lumber prices at record highs.
Those are a few of my thoughts on the subject. I'm open to well though out contrary views. These are complex subjects with a lot of moving pieces.
On the other hand, maybe it's not all that surprising.
You occupy such a small world.
What book are you getting those digs from? Are you just going down the list?
Hawkeye, Old Cooter is off the rails these days, seems all he wants to do is be a contrarian and fight with everyone. Must be fallout from the "covid" derangement syndrome..... kinda like Trump derangement only different....
Lately I think he's been drinking from the same well as Happy Camper.
I am fixing sell my 2019 RAM 3500. I may well get more for it than I paid for it, after driving it for over a year. Inflation? I have no idea, but it isn’t anything I have ever seen before or expected. My bricklayer sold his truck, like mine but a DRW, back to the dealer he bought it from for 10k more than he paid for it. And they called him asking to buy it, more than once. Lot of weird things going on now, hard for average joe to make hard sense of some of it.
Our retired military pensions and social security get a once a year COLA raise. Doesn’t make a lot of difference to me how much it goes up. No sense worrying over things we can’t control.
antelope_sniper: thanks for your take on things. I've been at the farm setting wildfires so I couldn't come back to get your answer. These are interesting times. As to folks working from home, I'm fearful for those folks when their employers figure out they can hire a couple of Indians that can turn out the work of one American and pay the two Indians no benefits and a third of the money the one American makes. We are one world now in a lot of ways and business pays as little as possible for inputs. Again thanks.
Undeniably you are a smart man and well-reasoned in much of what you say.
Where are you and I differ in opinion is the number of moving parts... and using historical norms as a baseline for future predictions.
The troubled waters of 2021 are uncharted.
The moral compass of America in 2021 is a tiny sliver of the moral compass of any time before.
There is virtually no trust in any aspect of government by anyone in 2021. Trust in the government is it an unprecedented low.
The fiscal fragility of American citizens is absurdly naive. Reliance on the woefully pathetic decisions of the government is at an all-time high.
In no way is it my desire to dissuade you from sharing your expert opinions. Frankly I enjoyed reading them a great deal.
I believe I once heard if you live in the past you will lose the future.
I know that I have heard America constantly fights combat Wars based on the lessons they learned in the last war. And each time there is great pain in learning how to fight the current War.
Many will say war and capitalism are not related at all. I will say that both come from the same Foundation and both have the same result... if successful.
------------------
What I would enjoy hearing you speak more about is global economics.
If the US dollar is the strongest currency much as a particular basketball player is the strongest member of the team obviously feeding your best basketball player the ball every chance you get will result in the highest scoring game.
So as the US dollar is weakened with Fiat... obviously the other countries are also weakened.
On the other hand, maybe it's not all that surprising.
You occupy such a small world.
What book are you getting those digs from? Are you just going down the list?
From your pitiful scrawlings I’d surmise that you’ve never been further than 2 full tanks of gas away from yo Momma and I mean no disrespect to anyone’s mother.
On the other hand, maybe it's not all that surprising.
You occupy such a small world.
What book are you getting those digs from? Are you just going down the list?
Hawkeye, Old Cooter is off the rails these days, seems all he wants to do is be a contrarian and fight with everyone. Must be fallout from the "covid" derangement syndrome..... kinda like Trump derangement only different....
Tell me truly, Two Dogs F’king, why do you put yourself through these vain ordeals that you pursue as of late?
“Ignore” is your friend. Use it and free yourself from this thing that so deeply bothers you.
From your pitiful scrawlings I’d surmise that you’ve never been further than 2 full tanks of gas away from yo Momma and I mean no disrespect to anyone’s mother.
Well, I pretty well see it like AS.... Cash make some good points. Seems that I get concerned about “black swans” and such. Those unexpected events that we don’t see coming. COVID is just one example.... These unexpected events ...when they come.... can have great and dramatic impact. I expect more to come.....
AS is plenty knowledgeable and I like to hear his opinion and I agree Cash makes some pretty good points. But I do believe in looking at the past to predict the future. Watering down money and debt are nothing new, it's just being done on a much larger scale and across borders now. The bankers of the world are plotting something and it probably ain't good. I liken it to a small local banker letting a property owner in so deep that all he can do is give up his land. To the banker.
TF49: I am having trouble understanding how and why CV-19 had and was allowed to have such an impact and create such panic and disruption. It hasn't been much worse than the flu but has turned us upside down socially and economically. It is crazy IMHO.
Inflation and interest rates are two separate entities.
High interest rates were a tool to tame the high inflation we had.
I’m not arguing with you, only illustrating correct use of the terms.
Do you also recall wage and price controls being put into effect during that era? Do you recall multiple stock splits and what P/E ratios were?
The price of gasoline , shortages and lines?
I understand what you’re saying but tell the person who was trying to borrow money to buy a home at 15% interest rates for a 30 year loan that it wasn’t “inflation “.
I’ve already mentioned Paul Voelker’s part in the interest rates scheme of things and whether it was “hyper “ or not is a rather moot point.
As you say, no argument.
Can it happen again? Of course it can but there’ll be many mechanisms put in place before that happens to dampen the effects and those mechanisms won’t be isolated to a single G8 nation.
TF49: I am having trouble understanding how and why CV-19 had and was allowed to have such an impact and create such panic and disruption. It hasn't been much worse than the flu but has turned us upside down socially and economically. It is crazy IMHO.
On the other hand, maybe it's not all that surprising.
You occupy such a small world.
What book are you getting those digs from? Are you just going down the list?
Hawkeye, Old Cooter is off the rails these days, seems all he wants to do is be a contrarian and fight with everyone. Must be fallout from the "covid" derangement syndrome..... kinda like Trump derangement only different....
Tell me truly, Two Dogs F’king, why do you put yourself through these vain ordeals that you pursue as of late?
“Ignore” is your friend. Use it and free yourself from this thing that so deeply bothers you.
Pax.
I feel it is my duty to call out idiocy..... carry on, you are doin great
TF49: I am having trouble understanding how and why CV-19 had and was allowed to have such an impact and create such panic and disruption. It hasn't been much worse than the flu but has turned us upside down socially and economically. It is crazy IMHO.
Really? you can't understand why? wtf..... then again you are a Democrat, little slow on the uptake
On the other hand, maybe it's not all that surprising.
You occupy such a small world.
What book are you getting those digs from? Are you just going down the list?
Hawkeye, Old Cooter is off the rails these days, seems all he wants to do is be a contrarian and fight with everyone. Must be fallout from the "covid" derangement syndrome..... kinda like Trump derangement only different....
Tell me truly, Two Dogs F’king, why do you put yourself through these vain ordeals that you pursue as of late?
“Ignore” is your friend. Use it and free yourself from this thing that so deeply bothers you.
Pax.
I feel it is my duty to call out idiocy..... carry on, you are doin great
Ignore is your friend. Even Blackheart had enough sense to know that.
TF49: I am having trouble understanding how and why CV-19 had and was allowed to have such an impact and create such panic and disruption. It hasn't been much worse than the flu but has turned us upside down socially and economically. It is crazy IMHO.
When you forcibly transfer wealth from people that have money to the people that do not have money (and will never pay taxes)... you create massive political power for yourself by giving money to the poor and allegedly improving their life... off the labor of others.
Public School busing was introduced in Richmond Virginia as I was to start third grade. I was to be bused for almost an hour to attend a black school on the other side of town and the black children on that side of town we're to be bussed 1 hour to attend of school straight in front of my homes front door. Mary Munford ES.
In a mad scramble my parents secured my enrollment at st. Bridget's Catholic School. We were not Catholic. The teachers were nuns of the convent at st. Bridget's.
One of the nuns taught us economics with pieces of candy and rutabagas. Each child was given one piece of candy and one rutabaga. We were advised that candy was delicious but we already knew that and that rutabagas would please our mothers as a nutritious dinner fare item.
The nun teacher commenced teaching us the barter system. At the end of the day every single rutabaga could be had for a single piece of candy.
With the great transfer of wealth occurring... the people in power know that they can give poor stupid people a single piece of candy... and own them for life in the process.
TF49: I am having trouble understanding how and why CV-19 had and was allowed to have such an impact and create such panic and disruption. It hasn't been much worse than the flu but has turned us upside down socially and economically. It is crazy IMHO.
When you forcibly transfer wealth from the people that has money to the people that do not have money (and will never pay taxes)... you create massive political power for yourself by giving money to the poor and improving their life... of the labor of others.
Public School busing was introduced in Richmond Virginia as I was to start third grade. I was to be bused for almost an hour to attend a black school on the other side of town and the black children in that side of town we're to be busting our to attend of school straight in front of my homes front door. Mary Munford ES.
In a mad scramble my parents secured my enrollment at st. Bridget's Catholic School. We were not Catholic. The teachers were nuns of the convent at st. Bridget's.
One of the nuns taught us economics with pieces of candy and rutabagas. Each child was given one piece of candy and one rutabaga. We were advised that candy was delicious but we already knew that and that rutabagas would please our mothers as a nutritious dinner fare item.
The nun teacher commenced teaching us the barter system. At the end of the day every single rutabaga could be had for a single piece of candy.
With the great transfer of wealth occurring... the people in power know that they can give us a single piece of candy to a poor person and own them for life in the process.
On the other hand, maybe it's not all that surprising.
You occupy such a small world.
What book are you getting those digs from? Are you just going down the list?
Hawkeye, Old Cooter is off the rails these days, seems all he wants to do is be a contrarian and fight with everyone. Must be fallout from the "covid" derangement syndrome..... kinda like Trump derangement only different....
Tell me truly, Two Dogs F’king, why do you put yourself through these vain ordeals that you pursue as of late?
“Ignore” is your friend. Use it and free yourself from this thing that so deeply bothers you.
Pax.
I feel it is my duty to call out idiocy..... carry on, you are doin great
Ignore is your friend. Even Blackheart had enough sense to know that.
Damn Toot, are you aiming for the whole campfire to ignore you? we have a difference of opinion , am I not allowed to challenge you? or do you feel the way I challenge you is wrong?
TF49: I am having trouble understanding how and why CV-19 had and was allowed to have such an impact and create such panic and disruption. It hasn't been much worse than the flu but has turned us upside down socially and economically. It is crazy IMHO.
When you forcibly transfer wealth from the people that has money to the people that do not have money (and will never pay taxes)... you create massive political power for yourself by giving money to the poor and improving their life... of the labor of others.
Public School busing was introduced in Richmond Virginia as I was to start third grade. I was to be bused for almost an hour to attend a black school on the other side of town and the black children in that side of town we're to be busting our to attend of school straight in front of my homes front door. Mary Munford ES.
In a mad scramble my parents secured my enrollment at st. Bridget's Catholic School. We were not Catholic. The teachers were nuns of the convent at st. Bridget's.
One of the nuns taught us economics with pieces of candy and rutabagas. Each child was given one piece of candy and one rutabaga. We were advised that candy was delicious but we already knew that and that rutabagas would please our mothers as a nutritious dinner fare item.
The nun teacher commenced teaching us the barter system. At the end of the day every single rutabaga could be had for a single piece of candy.
With the great transfer of wealth occurring... the people in power know that they can give us a single piece of candy to a poor person and own them for life in the process.
The White version of Alex Haley’s Fuggin “Roots”.
Not only are you contrarian and completely wrong... you make an ass of yourself every time you open your pie hole.
I know you can't help it... narcissist rarely can but for the love of God please try to think before you open your mouth.
On the other hand, maybe it's not all that surprising.
You occupy such a small world.
What book are you getting those digs from? Are you just going down the list?
Hawkeye, Old Cooter is off the rails these days, seems all he wants to do is be a contrarian and fight with everyone. Must be fallout from the "covid" derangement syndrome..... kinda like Trump derangement only different....
Tell me truly, Two Dogs F’king, why do you put yourself through these vain ordeals that you pursue as of late?
“Ignore” is your friend. Use it and free yourself from this thing that so deeply bothers you.
Pax.
I feel it is my duty to call out idiocy..... carry on, you are doin great
Ignore is your friend. Even Blackheart had enough sense to know that.
Damn Toot, are you aiming for the whole campfire to ignore you? we have a difference of opinion , am I not allowed to challenge you? or do you feel the way I challenge you is wrong?
Awww, Man!
Love you like a Brother. But,,,don’t put yourself out too much, please.
Just try Ignore. Do it for the children,,like, say, Hawkeye.
What the whole Campfire does is of very small concern to The Tootster.
TF49: I am having trouble understanding how and why CV-19 had and was allowed to have such an impact and create such panic and disruption. It hasn't been much worse than the flu but has turned us upside down socially and economically. It is crazy IMHO.
When you forcibly transfer wealth from the people that has money to the people that do not have money (and will never pay taxes)... you create massive political power for yourself by giving money to the poor and improving their life... of the labor of others.
Public School busing was introduced in Richmond Virginia as I was to start third grade. I was to be bused for almost an hour to attend a black school on the other side of town and the black children in that side of town we're to be busting our to attend of school straight in front of my homes front door. Mary Munford ES.
In a mad scramble my parents secured my enrollment at st. Bridget's Catholic School. We were not Catholic. The teachers were nuns of the convent at st. Bridget's.
One of the nuns taught us economics with pieces of candy and rutabagas. Each child was given one piece of candy and one rutabaga. We were advised that candy was delicious but we already knew that and that rutabagas would please our mothers as a nutritious dinner fare item.
The nun teacher commenced teaching us the barter system. At the end of the day every single rutabaga could be had for a single piece of candy.
With the great transfer of wealth occurring... the people in power know that they can give us a single piece of candy to a poor person and own them for life in the process.
The White version of Alex Haley’s Fuggin “Roots”.
Not only are you contrarian and completely wrong... you make an ass of yourself every time you open your pie hole.
I know you can't help it... narcissist rarely can but for the love of God please try to think before you open your mouth.
I’d like to hear more of your trials, tribulations and ordeals as a youngster and of your practicing white flight from the colored Man.
Please continue. I see an epic saga in the making.
Hyperinflation will happen when the Dollar no longer is the worlds currency, the debt gets larger then the ability of the US government to pay without excessive taxes, or foreign countries such as China cash in their T bills and want their money back. Probably any two of these things happening would immediately trigger it.
Trump had the economy booming and was beginning to pay down the debt and headed to a balanced budget by the mid-2020's. The Wuhan virus stopped this. Dems care more about their theoretical ideas of utopia to see the truth. This is from socialism to acceptance of all things even if weird like LBGTQ stuff. There will never be a utopian society where everyone is totally equal and have the same net worth. There will always be harder workers than others, smarter people than others, mentally impaired people, lazy people, and people filled with hate, people who have no moral compass, etc. America created the best society the world has ever seen, until the liberals for the last 20-30 years have been trying to destroy it.
Why to they think white people are superior, not because of IQ, but because of Christian principles and Capitalism, along with freedom and private ownership of property. It caused the western world to expand and spread colonies all over the world, and it resulted in the Industrial Revolution. Any other people, like the Asians, who copied it also prospered like Japan. Trying to tear down what is and was the greatest elevator to humans is stupid. Copy it, don't destroy it. Whites aren't the problem, their principles are the solution, not Marxism, Socialism, both of which have never worked anywhere.
Venezuela has oil, minerals, and tropical products as well as nice beaches, but socialism has killed them. Japan as no natural resources of any significant amount and rely on trade and private productivity to have the 3rd biggest economy in the world.
We have outsourced or factories and work, and have a reduced core of productivity to offset hyperinflation. When it hits it is going to be really bad.
Good post. The bolded part is especially insightful. I haven't heard that comparison before but it's a good one.
Inflation and interest rates are two separate entities.
High interest rates were a tool to tame the high inflation we had.
I’m not arguing with you, only illustrating correct use of the terms.
I am asking because I do not understand the relationship between interest rates and inflation if one even exists. If high interest rates are a tool to control inflation, do low interest rates encourage inflation? We have had historically low interest rates over a decade now, but the Fed's position is inflation is under control.
From a farmer/country boy point of view, there's only 2 ways out of this mess, re: the national debt
1. New currency/ clearing the books and starting over.
2. Inflation- if we can run 3% inflation, we can pay back the debt for 40 cents on the dollar, that's why the bigs like moderate inflation. Issue is, they have been " stimulating " since TARP in '08. Europe also, and it's not been happening, actually the opposite in lots of economies.
But, the money being printed in 2020 WILL start the inflation train, IMO.( Unless the dems just flat shut down the country...) Guy needs to borrow as much as he can at 2% HELOC and use that money to make more, IMO. I'm thinking about digging a pond and building a nice big machine shed, with a concrete heated floor shop. If I can talk the banker into it at 3%, I will join the ranks of the folks going to the Church of Here and Now, hahaha.
carry on, you are doin great