Hyperinflation

[knobslobbin]

A question about the housing market - Shouldn't the price of houses rise if there is an increase in the population that can actually afford to live in them? There is the problem of the population decreasing in western countries, the fact that the middle class only grows smaller, and the Corona promoting the situation of working from home. So who the fuck would buy that overpriced house? Alejandro and Latisha with their government gibs?

Housing prices, like most markets, obey the laws of supply and demand. Except when cheap money from ever lowering interest rates and institutionalized incentives like the mortgage deduction and other tax breaks cause prices to detach from reality.

Someone much smurter than me said a long time ago that markets can only ignore reality for so long before the truth is reasserted. We're about to learn some hard truths.

Historically the average price of a home is 1-2x the average yearly salary in a region. In many areas it is 5x, in places like Commiefornia it's well over 10x. Keep in mind a correction usually goes past where it will eventually settle back to.

 

[murdered meat bag]

Cargo Transport by boat doubled in price on monday tuesday. Buy whatever imported good you want now if you can find it, inventory is going to drop like a rock and be that way for months.

 

[John Furrman]

the Oracle spake thus

 

[knobslobbin]

Anyway let's get this back on topic, how the current inflation is affecting ME.

I'm super excited to build a mister FPGA retro box, mostly for the snes and neo geo cores, but all of the prebuilt systems are sold out and not restocking until JUNE!

I've been seeing a lot of restocking or backlog issues in all sectors of the economy, anecdotally of course. When buying furniture, retro gaming shit, car parts, and other random shit. People are saying it's because of covid worker shortages and not supply issues from rampant inflation running amok. oy vey

 

[Bill The Fucker]

the Oracle spake thus

Berkshire continuing to sit on that gigantic cash pile despite acknowledging the inflation risk is fucking chilling.

 

[knobslobbin]

Looks like a small cabal of neg-raters think they can deter us from talking about HYPERINFLATION.

Nope, now we'll just sperg harder!

 

[Mnutu]

I have the solution and all other solutions are insufficient and dumb dumb; take the value of the current USD and divide it by 20, and implement laws that restrict inflation from growing any further than $2 = $1 post-division. Or restrict the ability for the treasury to redivide to a period of time.

give me the button and crown

 

[Dog-O-Tron 5000v5.0]

I have the solution and all other solutions are insufficient and dumb dumb; take the value of the current USD and divide it by 20, and implement laws that restrict inflation from growing any further than $2 = $1 post-division. Or restrict the ability for the treasury to redivide to a period of time.

give me the button and crown

Governments have attempted to control prices and inflation for centuries. It doesn't work:

Edict on Maximum Prices - Wikipedia

en.wikipedia.org

 

[knobslobbin]

I'd like to try not living under constant inflationary financial policies, that'd be wild! Also not having a tiny cabal of jews running the banks would be a nice change of pace too.

Make Usury Illegal Again!

 

[ShortBusDriver]

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?

Governments have attempted to control prices and inflation for centuries. It doesn't work:

Edict on Maximum Prices - Wikipedia

en.wikipedia.org

National Industrial Recovery Act of 1933 - Wikipedia

en.wikipedia.org

 

[Lone MacReady]

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?

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.

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

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.

Permit me to post the actual definition of *currency* Inflation, based on Webster's 3rd New International Dictionary 1961 (before the new establishment twisted the definition for the Plebs).

Inflation:
- An Increase in the Volume of Money or Credit relative to available goods, resulting in a substantial and Continuing Rise in the General Price Level.

The currency has been, continues to, and will continue to be Hyper-Inflated into the future until total economic collapse ala the 3rd World shitholes mentioned above. Confusion over this arises from the twisted modern definition, done so of course to keep the average Pleb even further away from realizing the nation he lives in was fucked bloody by Bankers before he was even born. America simply doesn't "make" anything anymore, even before the Coof Government decimated Small Businesses our factories have been shit since that cunt Nixon sent the best of them to China (as well as fully UNbacking the Dollar from Gold, hmmm). Over the past 5 months alone, the "volume" of our Currency has increased by multiple Trillions of digital air. Yet, our industry is still Empty and "Available Goods" continue to go Down thanks to Global Government Coof tyranny.

What equation does that leave us with when taking into account the true definition of Inflation? The Government has been and will continue to Hyper-Inflate the Currency by Trillions/Quadrillions (hello Zimbabwe). Available Goods for the people are Not increasing relative to said Government Hyper-Inflation (Government Coof lockdowns ensure they wont). This formula guarantees, not suggests, that consumer prices will continue to rise so long as the Government continues Hyper-Inflating the Currency to Death. Therein lies the Government's term-twisting deceit. The Sons of Solomon got people to think that it's the Consequences of money printing that leads to Hyper-Inflation, when in truth, the very money printing itself IS the Hyper-Inflation. Like a balloon the national Currency is Being Inflated, blown up by lies and liars just like every other Fiat reserve currency throughout history.

It will explode someday soon though, 2008 was a mere preview and warning for the vigilant Semite Clans, "the Game is over, start heading towards the Chinese Exit now please". Consequences of the Coof will be (and already is) the official Global Gubmint scapegoat for their ongoing Tyranny and "Great Reset". But understand that it was the Government forcing businesses closed, locking the healthy down, and Hyper-Inflating our currency that led to our total collapse, not the Coof. This brings us to the ugliest female Gorilla in the room, what we call Hyper-Inflation, is nothing more than the Government "Counterfeiting" its Currency into debasement to try and get out of an ongoing economic shitshow of their own making. Course, any and all state parasites are making sure to completely raid the treasury before the game ends. Communist China will move ahead as the current Globo-Banker supported superpower due mainly to their factories and cheap slave labor, as America continues to drown in the slow rot that comes for all empires.

 

[John Furrman]

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?

Fair point, inflation is definitely in the cards. We probably shouldn't doom too much over hyperinflation until it happens, I suppose.

There is a US bond called the I-Series bonds. These bonds have rates that are updated semiannually and pegged to the inflation rate for that 6 months. They come in 10 and 20 year maturations. Sure, bond aren't sexy unlike equities but they're solid investments.

 

[gangweedfan]

Gas just went up 30 cents in my area lol (I live in georgia)

I have the solution and all other solutions are insufficient and dumb dumb; take the value of the current USD and divide it by 20, and implement laws that restrict inflation from growing any further than $2 = $1 post-division. Or restrict the ability for the treasury to redivide to a period of time.

give me the button and crown

Why not just return to the gold standard? I already posted a book by him but read rothbards books especially "The case against the fed" and "What has the government done to our money"

 

[Mnutu]

Gas just went up 30 cents in my area lol (I live in georgia)

Why not just return to the gold standard? I already posted a book by him but read rothbards books especially "The case against the fed" and "What has the government done to our money"

Gold is stupid abstract measure of wealth, crypto dumber, paper honest.

 

[gangweedfan]

Gold is stupid abstract measure of wealth, crypto dumber, paper honest.

As long as the government exists there will always be the temptation to print money if they are not held back by a standard like gold. Even if you became leader somehow things would change after you died.

 

[Techpriest]

Why not just return to the gold standard? I already posted a book by him but read rothbards books especially "The case against the fed" and "What has the government done to our money"

"The Gold Standard" is a completely pointless thing and is fiat currency without the benefits of fiat currency. The only reason we all think gold has value is that you can use it to mint nice coins and make fancy decorations with it. It's absolutely worthless as a metal outside of those purposes (bar some use in semiconductors). It has no intrinsic value, just like the money you bitch and moan about 'just being paper.'

 

[Mnutu]

As long as the government exists there will always be the temptation to print money if they are not held back by a standard like gold. Even if you became leader somehow things would change after you died.

No one control money, everyone do. Gold stupid, paper honest. Don’t be dumb and buy dumb, buy smart.

 

[gangweedfan]

"The Gold Standard" is a completely pointless thing and is fiat currency without the benefits of fiat currency. The only reason we all think gold has value is that you can use it to mint nice coins and make fancy decorations with it. It's absolutely worthless as a metal outside of those purposes (bar some use in semiconductors). It has no intrinsic value, just like the money you bitch and moan about 'just being paper.'

How is it fiat currency? Did you find a way to make gold quickly and easily? Are you an alchemist?

 

[DDBCAE CBAADCBE]

Doesn’t Amberlyn have enough threads already?

 

[TheRedChair]

Berkshire continuing to sit on that gigantic cash pile despite acknowledging the inflation risk is fucking chilling.

I'm sort of doing the same. I'm just waiting for the right time to invest into other income property. But again I save when I can save and I spend when I can spend.

A question about the housing market - Shouldn't the price of houses rise if there is an increase in the population that can actually afford to live in them? There is the problem of the population decreasing in western countries, the fact that the middle class only grows smaller, and the Corona promoting the situation of working from home. So who the fuck would buy that overpriced house? Alejandro and Latisha with their government gibs?

I can answer this question on whom is buying at the moment in my region. Since that is what I do now in investing into income properties.

The main reasons are I believe are the following... since I'm seeing this in my region. Your mileage may vary.

1. Large Families - regardless of race. Large families pull their money together so they can afford living in a large house. This is done commonly in many parts of the world and it is getting more common here in the US.

2. Foreign Money - Depends on the region but I'm seeing a lot of Chinese investing going on a great deal of commercial properties of late.

3. Large property management corporations - Because too many stupid people from Generation FAIL listened to the social retards on social media years ago that you don't have to buy a house, just rent and have your toys. Well Large property management corporations started this trend the 1995-2002 era, which increased in 2008 to 2014... then went to stupid levels because the fucking government started messing with the economy in mid 2019 and once again in 2020.

When the feds gave cheap loans to large corporations, including loans during the Coof. The middle class loses.

What you are seeing is the economy being controlled by a few. They have been given a green light by our government years ago and are now seeing how much they can get from the COOOOSUUUMER.... before there is some feeble attempt of a pushback on prices.

They will use any sort of disaster as an excuse for laying off people, not ramping production thereby increasing TANGIBLE ASSETS costs to sell to the COOOOSUUUMER.

Lumber prices are at 340% now than before the election. Chinesium 7/16" OSB plywood is going for $65.00 (rounded up as I just check my local big box store on pricing). Most things have been going up around 5% to up 30% (on certain products) year to year as well as cutting back on quality and/or product being sold.

Again, this is nothing but the standard playbook that has been used by large corporations for decades. Blame it on some sort of problem and/or disaster and jack up the prices.

The only difference now is that the corporations of today are just blatant about it now... because they know that they can get away with it.