Hyperinflation

[Fentanyl Floyd]

Nothing will happen ever in a million years
Source: Me

 

[Kyria the Great]

I see that while this mass printing of money isn't exactly good for the average person, the real way that America would be fucked and lead to a potential hyperinflation would be if we lost are world hegemony status given that trust in the dollar is driven by the power of nation that's navy that protects the shipping lanes to allow safe global trade.

 

[knobslobbin]

It's strange how inflation concerns have become partisan. Both parties support endless money printing, so you'd think it would have broad appeal on both sides being against reckless spending... oh wait there it is. Nvm carry on.

 

[Beavis]

I think people ITT have wildly different definitions of what hyperinflation is. I too doubt we will see Venezuela or Zimbabwe levels. Regulators will push the panic button long before that. I do however think we are about to enter a period where inflation with exceed 10%. It's already starting. Low wage employers have started to offer hiring bonuses and increased wages. The prices of goods and services have started to increase. Property values have started to greatly increase in price. There is not a house in my area that isn't getting sold for more then list price, and usually within the span of days. The list prices themselves are up massively. We are going to start seeing Rent Prices rise to match this very soon and that is when the real shit will start because it's going to happen in conjunction with the unemployment dole expiring. People are going to start flooding back into the labor market, taking those hiring bonuses and higher wages which will in turn super charge things. And with the new Child Credit stimulus set to start AT THE SAME TIME things are going to get freaky.

We are right on track for the summer inflation and my previous predictions of serious consequences in the fall at the earliest. I would say we all have 6 months to a year left to prepare.

I think a lot of the employers offering higher wages and hiring bonuses will fire higher paid employees and replace them with cheaper labor once the benefits are gone.

 

[L50LasPak]

I've read those comparison situations to say WW1 and the Spanish Flu that indicate the economy is supposed to go up after we "end the war in Afghanistan" (lol) and after COVID, but those comparisons make utterly no sense at all. Afghanistan is nothing like a conventional war, and fighting it has netted us little to no material gains. The drain on our economy that it represents is also quite low. Long gone are the days where warfare required a full commitment of a country's economy. World War One made the USA millions because we sold weapons and supplies to Europe. That situation does not exist with Afghanistan.

The Spanish Flu was also different. The loss of life it represented actually helped improve the economy by freeing up resources and capital previously held on to by the dead. It increased the value of human life by killing off a bunch of it (see also: The Black Plague). COVID 19 has killed off a truly pitiful number of human beings. We have far more people on this planet competing for space and COVID 19 barely scratched that.

Furthermore automation did not exist in the era of the Spanish Flu. Companies in the post-cOVID world will in short order find that it is easier to replace their jobs with machines than it is to pay employees higher wages. Higher employee wages for menial jobs are not sustainable and companies know this, they are only a stopgap solution until the first generation of machines roll off the assembly line.

 

[knobslobbin]

sheeeeeeit

He's soooo close to awareness. Almost there buddy! Quick question though, who owns the federal reserve banks?

 

[Your spare disc drive]

He's soooo close to awareness. Almost there buddy! Quick question though, who owns the federal reserve banks?

It doesnt matter who owns the federal reserve, tons of different people have been on the board of governors. What matters is that the actions the fed takes consistently increase inflation and help the banks to the detriment of poor people.

 

[knobslobbin]

It doesnt matter who owns the federal reserve, tons of different people have been on the board of governors. What matters is that the actions the fed takes consistently increase inflation and help the banks to the detriment of poor people.

It does matter who owns those banks, and different from who is on governing boards.

 

[Your spare disc drive]

It does matter who owns those banks, and different from who is on governing boards.

Obviously the shareholders own the banks

 

[knobslobbin]

Obviously the shareholders own the banks

Do you know who the majority shareholders are? Post that information to share with the class please.

 

[Your spare disc drive]

Do you know who the majority shareholders are? Post that information to share with the class please.

It depends on the bank. There are thousands of banks and credit unions in America so you have to be more specific.

 

[knobslobbin]

It depends on the bank. There are thousands of banks and credit unions in America so you have to be more specific.

Pick any one of the federal reserve banks, you know the ones we're talking about, the ones that are granted the ability to create money to loan to the US government and create inflation (the topic of this thread), and tell us who owns them (or the largest shareholders).

 

[Your spare disc drive]

Pick any one of the federal reserve banks, you know the ones we're talking about, the ones that are granted the ability to create money to loan to the US government and create inflation (the topic of this thread), and tell us who owns them (or the largest shareholders).

All of the large banks like JP Morgan, Goldman Sachs and NM rothchild have the biggest investments in those since it lets them receive dividends from the fed at the expense of the consumer. It makes sense that they would because without using the fed the larger banks would be overtaken by competitors. It would be foolish of any powerful corporation not to use the government to gain a monopoly no matter who its shareholders are. Because if you don't others will. The fed wouldn't get better overnight if it had a new set of owners.. The real problem is that the government can interfere with the economy in the first place.

 

[knobslobbin]

All of the large banks like JP Morgan, Goldman Sachs and NM rothchild have the biggest investments in those since it lets them receive dividends from the fed at the expense of the consumer. It makes sense that they would because without using the fed the larger banks would be overtaken by competitors. It would be foolish of any powerful corporation not to use the government to gain a monopoly no matter who its shareholders are. Because if you don't others will. The fed wouldn't get better overnight if it had a new set of owners.. The real problem is that the government can interfere with the economy in the first place.

If you don't know who the owners of the federal reserve banks are just say so.

Nobody knows is what I was getting at.

 

[Suburban Bastard]

If you don't know who the owners of the federal reserve banks are just say so.

Nobody knows is what I was getting at.

You didn’t even know coughing at that cashier could get you in trouble.

 

[Maurice Caine]

I did read your OP and it wasn't any different than the 10 inch monster cock turd I shat out last friday.


And it's through examples we learn to understand the roots and causes of this phenomena. You're also ignoring that unemployment has been decreasing, obviously still work to go but holy fuck it ain't a doomsday level. Benefits and free aid will be phased out as we enter the final phases of vaccine rollout and normalcy returns, heck many states are already prepping for that. As for the keystone pipeline, yeah 40,000 jobs is sad, but it means fuck all in the grand scheme of a nation with 300+ million fuckers living in it.

@Samson Pumpkin Jr. I mean if you think a recession triggered by a pandemic that all nations of the world have to the sheer insanity that was Germany in the aftermath of ww1, then lol retard. But in seriousness, the reparations were fucking harsh dude, shit literally started to skyrocket after the first payment. War torn referred to the conditions afflicting Germany by her end, including a beginning rise in inflation caused by the nation's financing of the war (which the reparation mess would build off of) and absolute SHITSHOW that was 1919.



These are hyperinflations where a young politically unstable and/or economically weak nation money printed themselves into hell. Also, the 1970s were not hyperinflation. Economists define hyperinflation as when the monthly inflation rate rises above 50%. The 1970s stagflation was rough but it never got close to approaching these levels. A better example would've been the continental currency, which was mass printed by, once again, a new yet-to-be-solidified nation. (Notice the trend?)

Brazil in the 80's.

 

[Suburban Bastard]

Brazil in the 80's.

Br*zil is basically the NSFL version of economics.

 

[Fougaro]

sheeeeeeit
View attachment 2234006
He's soooo close to awareness. Almost there buddy! Quick question though, who owns the federal reserve banks?

He's right desu. That's the way the government finances the bloated welfare state the plebs themselves want as any other option will lead to Uncle Sam being dragged to the guillotines.
>inb4 the Jews are behind everything
I think history has shown over and over again how excellent the goyim are at creating their own problems and running away from accountability like vampires from crosses.

 

[Billy Beer]

Could crypto be to the catalyst to the economic crash?

 

[draggs]

5% rise in the CPI in May

that's gonna leave a mark