Hyperinflation

[irishAzoth]

The first great depression never had cryptocurrency
The blockchain will save you

 

[Goku 1000000 O]

Fuck it. Fuck it all.

I have no future. Nobody my age has a future.

I'll jump into my grave, laughing all the way down.
I'll laugh when industry goes overseas and jobs dry up.
I'll laugh when 'universal basic income' and 'livable minimum wage' destroy what little is left.
I'll laugh when the stores are empty because there's nobody to ship food, and nobody to stock it.
I'll laugh when the riots start, and the skies are black with smoke, the streets red with blood.
And when the people that voted for this lie on the ground, both hands holding in their guts, praying to a God they don't believe in, begging for the mercy and forgiveness they denied us, I'll laugh the hardest.

this has been in my head for over a week now please help

If we go full weimar, I don’t think we’ll get riots.

I don’t really know how we’ll react, honestly. If everyone loses their jobs or their homes, who are they going to riot against? Burn down the Target or McDonalds? Riot at the state and national capitals?

Police will just put it all the fuck down, mulitary will get brought in. Politicians would have no way to fix this because their spending is worth shit at this point.

We’d have to make a new currency, but thats just another clusterfuck at an international scale because of all the dollar reserves. And everyone in the US will lose pretty much all their wealth regardless. All that newfound poverty will be utterly catastrophic, and likely inflame race relations.

Its a remarkably scary scenario.

 

[DeadFish]

So for those buying cushions such as precious metals, crypto, land and ect.
What are the chances your stuff just gets yoinked by those with power?

 

[mindlessobserver]

So for those buying cushions such as precious metals, crypto, land and ect.
What are the chances your stuff just gets yoinked by those with power?

That's what the guns and ammo are for.

 

[2WokeB4BrainPills]

So for those buying cushions such as precious metals, crypto, land and ect.
What are the chances your stuff just gets yoinked by those with power?

Depending on the particulars, quite high.

Metals are unlikely to be seized from your physical possession, partly because nobody would comply, partly because few private citizens hold much in their possession anyway. The ones that do have some gold are paranoid preppers who hide it, and the big easy hauls are in private vaults and safety deposits. That stuff absolutely could get taken because they could simply station some National Guardsmen outside, lock you out, and say "sorry, it's ours, sign here and JPow will send you some FedBux". Depending on how planned out the currency devaluation is I'd give it 50/50. Obv they'd do it before revaluing gold up just like FDR, since the point is to rob people. Mining stocks are least likely to be seized and probably the safest overall way to play it.

Crypto is currently being allowed to exist within a regulated framework which can be yanked at anytime. Crypto also has Tether hanging over its head like an axe that could fall at anytime. Crypto is also a casino of revolving ponzis very far removed from inflation concerns, and all the momentum chasing institutional money will be the first ones out the door like always and leave retail hodl'ing their bags... at anytime. Unless you are insane, you don't have a significant portion of your money in it.

Land won't be seized but is subject to property tax which can be jacked up anytime. REITs on productive land are probably safer by virtue of being more liquid. The moment you read the headline "A federal property tax? Here's why that's a good thing." it's time to sell. Technically not constitutional, but LOL like that fucking matters.

 

[Bassomatic]

Sadly I saw this thread after I saw my whiskey.

Hyper inflation, no, inflation yes and it's coming, Yellen is a fucking loon. (Sadly someone in my youth I had some respect for but both of us have changed)

As long as the money isn't moving we won't inflate, dollar just weakens ( as we see prices go up now) now look at your M1 and much closer look at M2. M2 is all gov spending (or those who get gov bux) If m2 opens up inflation will fly up.

So.. we slowly open up keep paying people shit in a weak dollar.. M2 stays kinda low, and boom "inflation" doesn't happen, just we are broke.

Crypto is gonna be taxed and followed PERIOD. Metals, are a decent hedge, but honestly, the biggest split will be anything vs cash. Stocks are propped up, metals always have some worth and crypto is gonna keep growing, the burps lately have been fear of tax.

I seriously urge people to get into SOMETHING ANYTHING that's not basic bitch goods. Buy stock, not bad idea, buy bonds, not bad idea, buy something.. not a fucking TV right now. Do your own research and figure what you need what you can spend and what returns you want over what time.

What I will say, the rich and poor gap is gonna grow big, much bigger than now, so, ask yourself what side do you want to be on?

 

[Bastard_Call]

Hyperinflation you say?

 

[Livecorpse]

So after my emotional outburst, I found this.

BofA: "Transitory Hyperinflation Ahead" | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

https://archive.md/9kaCl

Last week, when discussing the latest earnings call commentary, Bank of America said "Buckle up! Inflation is here", and showed a chart of the number of mentions of “inflation” during earnings calls which exploded, more than tripling YoY per company so far, the and the biggest jump in history since BofA started keeping records in 2004.



Who knew that just one week later BofA would need a bigger chart... a much bigger chart.

As BofA's Savita Subramanian writes, after the third week of earnings. mentions of “inflation” have now quadrupled YoY; and after last week, mentions have jumped nearly 800% YoY!



While the implications are obvious, we leave it to Bank of America to explain what this means:

On an absolute basis, [inflation] mentions skyrocketed to near record highs from 2011, pointing to at the very least, “transitory” hyper-inflation ahead.

Yes... really:



Because if there is one thing hyperinflation is, it's "transitory."

Any thoughts?

 

[LatinasAreTheFuture]

Doesnt the value of the dollar happen because people exchange for it in times of crisis, like when japan plateaued and japanese citizens bought dollars? If china or europe or wherever collapses the rich there won’t just let their money be stolen, they’ll buy dollars and put them in american banks or assets: a country that isn’t likely to collapse in the same way. So if people buy dollars at a similar rate that the dollar inflates, wont it be fine?

 

[tulskij_tochnyj]

Any thoughts?

The Fed is facing interesting choice: increase the rate now, crush the bond market which will crash the stock market which will crash real estate market which will crash banking system and may not even stop inflation OR keep the rate low and hope that "booming" economy will catch up to hype so there's no hyperinflation. The downside of latter is if the inflation gets out of control, small rate increase won't help, and the sharp rate hike will crush the bond market which will crash the stock market which will crash real estate market which will crash banking system.

 

[atleast3letterslong]

So what the fuck are you gonna do with computer money and gold during hyperinflation? Fuck that just buy tons of ammo.

 

[A Welsh Cake]

Oh thank god this thread was what I thought it would be about

 

[Badungus Kabungus]

Hyperinflation? But @Hollywood Hulk Hogan told me it's just a right-wing conspiracy theory and can never happen in America because the Fed is staffed with intelligent and competent people who do a good job.

Hyperinflation Pro-Gamer Tip: Your debts will soon become worthless too. Get that credit card out, buy all the silver and ammo you can find. Also common medical goods such as antibiotics.

 

[Hollywood Hulk Hogan]

Hyperinflation? But @Hollywood Hulk Hogan told me it's just a right-wing conspiracy theory and can never happen in America because the Fed is staffed with intelligent and competent people who do a good job.

Hyperinflation Pro-Gamer Tip: Your debts will soon become worthless too. Get that credit card out, buy all the silver and ammo you can find.

Hyperinflation exists, I never said it didn't. I just said that the US dollar is not undergoing hyperinflation. Hyperinflation is losing 50% of its purchasing power in a month (look up what happened in Zimbabwe or pre-WW2 Germany). I know you're a frothing retard but even you should be able to see that it hasn't lost 50% of its purchasing power in the past month

 

[Badungus Kabungus]

Hyperinflation exists, I never said it didn't. I just said that the US dollar is not undergoing hyperinflation. Hyperinflation is losing 50% of its purchasing power in a month (look up what happened in Zimbabwe or pre-WW2 Germany). I know you're a frothing retard but even you should be able to see that it hasn't lost 50% of its purchasing power in the past month

Maybe you should look up what happened in Zimbabwe and Weimar Republic before their currency started losing 50% of its value every month. Or do you think it just appeared out of nowhere because someone flipped a giant switch called "hyperinflation" to on?

I'm just saying it makes sense to hedge your bets. Some debt in this kind of situation isn't the worst thing to have.

 

[Hollywood Hulk Hogan]

Maybe you should look up what happened in Zimbabwe and Weimar Republic before their currency started losing 50% of its value every month. Or do you think it just appeared out of nowhere because someone flipped a giant switch called "hyperinflation" to on?

I am well aware of what happened and to think that the current US is even similar to that shows how retarded you are. You claimed hyperinflation was currently happening in the US and I asked you to show me how the US dollar lost 50% of its value in the past month and you just tardraged instead.

Inflation is normal, hyperinflation is not normal. There's a gigantic difference between the two

 

[Badungus Kabungus]

I am well aware of what happened and to think that the current US is even similar to that shows how retarded you are. You claimed hyperinflation was currently happening in the US and I asked you to show me how the US dollar lost 50% of its value in the past month and you just tardraged instead.

Inflation is normal, hyperinflation is not normal. There's a gigantic difference between the two

Did you skip this entire thread or something? The conditions for hyperinflation already exist in the US and while there are several factors holding it back for now, it's a very dangerous sort of situation. Yet you claim that hyperinflation won't ever happen in America because of... what exactly? Still not clear on that.

 

[Hollywood Hulk Hogan]

Did you skip this entire thread or something? The conditions for hyperinflation already exist in the US and while there are several factors holding it back for now, it's a very dangerous sort of situation. Yet you claim that hyperinflation won't ever happen in America because of... what exactly? Still not clear on that.

I never said it was impossible, it's just that the conditions aren't there, despite what you right-wing cryptotards claim.

If hyperinflation really did happen here, your crypto would still be useless for buying anything. You'd be better off with ammo than bitcoin

 

[Bill The Fucker]

Hyperinflation exists, I never said it didn't. I just said that the US dollar is not undergoing hyperinflation. Hyperinflation is losing 50% of its purchasing power in a month (look up what happened in Zimbabwe or pre-WW2 Germany). I know you're a frothing retard but even you should be able to see that it hasn't lost 50% of its purchasing power in the past month

This. Hyperinflation has a specific definition, and with foreign countries still very hungry for the USD (check the DXY) it's unlikely we'll see anything like that anytime soon. Current price increases are largely attributable to supply chain issues across the board, and we're not really going to know the full effect of this printing for another few years. We'll certainly hit some amount of overinflation, but it's hard for it to spiral out of control when literally every other country is also printing like crazy.

 

[Badungus Kabungus]

I never said it was impossible, it's just that the conditions aren't there, despite what you right-wing cryptotards claim.

If hyperinflation really did happen here, your crypto would still be useless for buying anything. You'd be better off with ammo than bitcoin

Why don't you list the the precursors to a hyperinflation scenario. Excessive money printing? Check. Loss of trust in the government and the financial system? Check. Ridiculously inflated national debt? Check. Collapse of production of goods and services? That's a Texas-sized check right there. Your lumber prices have increased by 270%, for fucks sake.

America came close to hyperinflation twice already in its history, and seems third time will be the charm. If you haven't bought all your ammo back in 2019, you're shit out of luck right now, bud. If you're buying ammo now, only things left will be 16 gauge shotgun shells and 32 rimfire.