Send CathInfo's owner Matthew a gift from his Amazon wish list:
https://www.amazon.com/hz/wishlist/ls/25M2B8RERL1UO

Author Topic: Dutch Inflation Officially hits 17.1%  (Read 221 times)

0 Members and 1 Guest are viewing this topic.

Offline de Lugo

  • Full Member
  • ***
  • Posts: 563
  • Reputation: +421/-74
  • Gender: Male
Dutch Inflation Officially hits 17.1%
« on: October 04, 2022, 11:46:34 AM »
  • Thanks!0
  • No Thanks!0
  • https://www.cbs.nl/en-gb/news/2022/39/hicp-17-1-percent-higher-in-september

    What will it jump to when they get their gas bill next month?

    Meanwhile in Turkey, it just hit 83%

    https://abcnews.go.com/International/wireStory/turkeys-annual-inflation-hits-24-year-high-8345-90906684

    I'm getting the feeling this will not be recoverable under the current worldwide fractional reserve monetary system (i.e., where money is "originated" [invented] to pay debt).  Of course, that's the whole plan en route to the social credit system (slavery).

    At 17.1% inflation, prices (on everything) will double every 4.64 years: 

    https://www.chegg.com/homework-help/coursesmart-ebook-online-access-for-study-guide-for-macroeconomics-19th-edition-chapter-9-problem-5p-solution-9780077777807 

    At 83%, prices will double every 10 months.  

    That's riot time.
    Noblesse oblige.