Here is my wife heating our shack with our useless US currency.
Some of US have been trying to tell you what's coming but some of YOU respond with derisive, smart-alec retorts and laughter.
Laugh away!!
I think we’re closer to a pre-French Revolution style economy. More people buying things they can’t afford with credit. The more credit they get the more they buy and they will never be free from their debts.
Here is my wife heating our shack with our useless US currency.
Whether the dollar, Yen or Pound (etc.). They all go to zero as it is in the government's best interest to inflate away all government debt.
Some will do it much slower than others, but all will do it.
Really?
The US dollar has gone from 1.5 per Euro to 5,000 per Euro?
"This oughta cover the cost of a tank of gas today"
“Weimar inflation has arrived in America.”
Not even close. The Germans were spending $64,000 marks for a loaf of bread.
I didn't even read the article... I just scrolled down to see which gold bug was responsible for it.
Paranoia.
According to many freepers, the economy is doing great. At least that’s what I heard...until recently, then I stopped hearing all the cheerleaders.
all
gonna
Die
Ping
“ravages of inflation”
I thought inflation for last year was only 4.1% and this year only 4.5%?
Those printing presses have been running non-stop for the last 5 years. Looks like 3.5% annual growth. We're doomed!
Inflation is worsening, and it’s not hard to understand why. M3, the total quantity of dollars, is now growing by 17% per annum. Weimar inflation has arrived in America.
The Fed doesn't control M3.
EVERYTHING'S GOING TO HELL!
Actually this is what is happening in Zimbabwe where they have introduced a half-billion dollar bill and the money has a 2 month-expiration date stamped on it.
Don't be so sure. Most of today's high schoolers couldn't even find Germany on a map, let alone describe the Weimar Republic or define hyperinflation.
This article epitomizes the phrase “Idiots On Parade.”
Anyone who is predicting inflation is telling you that home prices are rising, by extension.
Numskulls...
...the prices that had doubled from 1914 to 1919 doubled again during just five months in 1922. Milk went from 7 Marks per liter to 16; beer from 5.6 to 18. There were complaints about the high cost of living. Professors and civil servants complained of getting squeezed. Factory workers pressed for wage increases. An underground economy developed, aided by a desire to beat the tax collector... Rathenau's state funeral was a national trauma. The nervous citizens of the Ruhr were already getting their money out of the currency and into real goods -- diamonds, works of art, safe real estate. Now ordinary Germans began to get out of Marks and into real goods... As prices went up, the amounts of currency demanded were greater, and the German Central Bank responded to the demands... The price increases began to be dizzying. Menus in cafes could not be revised quickly enough. A student at Freiburg University ordered a cup of coffee at a cafe. The price on the menu was 5,000 Marks. He had two cups. When the bill came, it was for 14,000 Marks. "If you want to save money," he was told, "and you want two cups of coffee, you should order them both at the same time." ...A factory worker described payday, which was every day at 11:00 a.m.: "At 11:00 in the morning a siren sounded, and everybody gathered in the factory forecourt, where a five-ton lorry was drawn up loaded brimful with paper money. The chief cashier and his assistants climbed up on top. They read out names and just threw out bundles of notes. As soon as you had caught one you made a dash for the nearest shop and bought just anything that was going." Teachers, paid at 10:00 a.m., brought their money to the playground, where relatives took the bundles and hurried off with them... The flight from currency that had begun with the buying of diamonds, gold, country houses, and antiques now extended to minor and almost useless items -- bric-a-brac, soap, hairpins. The law-abiding country crumbled into petty thievery. Copper pipes and brass armatures weren't safe. Gasoline was siphoned from cars. People bought things they didn't need and used them to barter -- a pair of shoes for a shirt, some crockery for coffee... When the 1,000-billion Mark note came out, few bothered to collect the change when they spent it. By November 1923, with one dollar equal to one trillion Marks, the breakdown was complete.
No unstated agenda here. No sirree.
/sarc