Signs Hyperinflation Is Arriving

The Market Oracle ^ | 10-30-2010 | Gonzalo Lira

[DuncanWaring]

Cross-referencing - the author also wrote The Coming Middle-Class Anarchy.

[traderrob6]

Thanks blam, a straight shot.

[Chickensoup]

I am not sure this is true

[screaminsunshine]

Hard to have inflation when nobody has any money.

[screaminsunshine]

You will know when your wallet is full but you are broke.

[blam]

The Global Monetary System Is In Crisis

"In addition, the average increase in 15 commodities yoy to October is 35%. Food costs are up 48% and energy 23%. Real inflation is up 7%, not the 1.6% the Fed lies about."

[blam]

Rampant Inflation In 2011? The Monetary Base Is Exploding, Commodity Prices Are Skyrocketing And The Fed Wants To Print Lots More Money

Wheat futures have surged 63 percent since the month of June. Wheat has recently been selling well above 7 dollars a bushel on the Chicago Board of Trade.

But wheat is far from alone. In his recent column entitled "An Inflationary Cocktail In The Making", Richard Benson listed many of the other commodities that have seen extraordinary price increases over the past year....

*Agricultural Raw Materials: 24%

*Industrial Inputs Index: 25%

*Metals Price Index: 26%

*Coffee: 45%

*Barley: 32%

*Oranges: 35%

*Beef: 23%

*Pork: 68%

*Salmon: 30%

*Sugar: 24%

*Wool: 20%

*Cotton: 40%

*Palm Oil: 26%

*Hides: 25%

*Rubber: 62%

*Iron Ore: 103%

Now, as those price increases enter the chain of production do you think that there is any chance that they will not cause inflation?

Do you think there is any chance at all that producers and retailers will not pass those costs on to consumers?

[dangus]

What happens when inflationary policy meets a deflationary market? THIS.

[Mr. Jeeves]

When home prices and salaries start going up, you can worry about hyperinflation. Until then, these are just temporary commodity price spikes caused by bad government policy - and the deflationary depression remains firmly in place.

[politicket]

Until then, these are just temporary commodity price spikes caused by bad government policy - and the deflationary depression remains firmly in place.

...and crop failures that have occurred around the world - wheat in Russia and soybeans in Argentina.

You're right on the money.

[Popman]

People have money it's going to be a cash-flow problem when these inflationary prices start entering the market your month will far exceed your paycheck

[screaminsunshine]

Well I have cut to the bone.

[Rutles4Ever]

If we get to the front step of hyper-inflation, it will be tamped down by World War III, because there’s no better spark for war than a depletion of raw materials- or the inability to pay for said raw materials. That’s when the rubber really hits the road. If enough developed nations begin staring at an angry, jobless, starving populace, there will be war and it will not be pretty.

[Popman]

As I have as well

My wife and were dicussing a backyard garden and buying flour \ wheat wholesale to make our own bread

[cherry]

well....the cable goes..the land tv...the convenience foods....the new shoes whenever you want....sell all cars and just use one OR take them off the road to save on insurance...no newspapers..no magazines...

will we go back to having apples and oranges and nuts in our Christmas stockings?

[screaminsunshine]

Land tv? I am getting a nice sailboat. With Sirius Radio and dvd. I figure to survive on it nicely.

[Errant]

[screaminsunshine]

Whoa! Any Port in a storm...

[Trod Upon]

Ah, the fruits of globalism. Isn’t it working out grand for the average American?