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Author Topic: 25 percent of dollars in existence LESS THAN ONE YEAR OLD!  (Read 2367 times)

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Re: 25 percent of dollars in existence LESS THAN ONE YEAR OLD!
« Reply #5 on: May 22, 2021, 02:31:40 PM »
I don't think hyperinflation is coming. Most people don't have savings. They have massive debts. If they have anything, they own a home with a mortgage on it. If hyperinflation came all the debts would be wiped out, and most people would be happy other than the båñkêrs who the debts are owed to. Because it will erase debts and hurt the banks who the debts are owed to, I do not think hyperinflation will be allowed to happen.
Well I guess the government could take all loans held at fixed rates of interest and turn them into variable interest rates and raise the interest to 500 percent.

Online Ladislaus

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Re: 25 percent of dollars in existence LESS THAN ONE YEAR OLD!
« Reply #6 on: May 22, 2021, 02:35:44 PM »
I don't think hyperinflation is coming. Most people don't have savings. They have massive debts. If they have anything, they own a home with a mortgage on it. If hyperinflation came all the debts would be wiped out, and most people would be happy other than the båñkêrs who the debts are owed to. Because it will erase debts and hurt the banks who the debts are owed to, I do not think hyperinflation will be allowed to happen.

Maybe.  Not sure if the bankers care to get wiped ... since it’s all play money at this point anyway.  While it would be nice to pay off my home with one paycheck, their stated goal is that we “own nothing”.  So they’ll crash it all at the same time and reset everything.

I had a dream about 10-12 years ago where my son and I had to go to a labor camp to do some menial job.  We were assigned to a mail sorting facility.  I can see that as punishment for some kind of non-compliance.  Most people will just collect their UBI to do nothing and “be happy”.  Isn’t this where we’re at with most people making more on unemployment than in a low-wage job?


Re: 25 percent of dollars in existence LESS THAN ONE YEAR OLD!
« Reply #7 on: May 22, 2021, 07:37:58 PM »
There is one thing about hyperinflation that I don't understand. They say in Weimar before Hitler saved Germany for a few years, that inflation was so bad that it took a wheelbarrow full of money to buy a loaf of bread. I don't know if I can believe this. The reason being that how could they count so much money? Make sure they are the right denominations, are not counterfeit? If a wheelbarrow is needed for a loaf of bread, what would be needed for a whole order for a week's worth of groceries for a family of four. That would be a lot of bills. It would take a cashier twenty minutes to count the amount of money needed to buy a loaf of bread. It would not be worth the time it took. And if the store was busy it would be impossible to count all that money if there were more than two or three customers. So maybe those stories are lies? And if it got that bad, wouldn't it make more sense to print one million mark bill instead of a hundred thousand ten mark bills to fit in a wheelbarrow? Perhaps it is one of the lies of history. I mean it would take a whole warehouse full of money for a day's worth of purchases for one store. How would they get it to the bank? Maybe it is just a bunch of lies like everything else they teach us about history.

Offline Pax Vobis

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Re: 25 percent of dollars in existence LESS THAN ONE YEAR OLD!
« Reply #8 on: May 22, 2021, 07:43:11 PM »

Quote
There is one thing about hyperinflation that I don't understand. They say in Weimar before Hitler saved Germany for a few years, that inflation was so bad that it took a wheelbarrow full of money to buy a loaf of bread. I don't know if I can believe this.

This happened in Argentina in the 90s, in Zimbabwe, Africa a decade ago, and in Venezuela only 1-2 years ago (maybe still going on there).  Hyperinflation is a fact of history.  It's happened on every continent and is coming here, to a theater near you.
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Stock up on canned food and other storable items while they are cheap!

Re: 25 percent of dollars in existence LESS THAN ONE YEAR OLD!
« Reply #9 on: May 22, 2021, 07:48:26 PM »
There is one thing about hyperinflation that I don't understand. They say in Weimar before Hitler saved Germany for a few years, that inflation was so bad that it took a wheelbarrow full of money to buy a loaf of bread. I don't know if I can believe this. The reason being that how could they count so much money? Make sure they are the right denominations, are not counterfeit? If a wheelbarrow is needed for a loaf of bread, what would be needed for a whole order for a week's worth of groceries for a family of four. That would be a lot of bills. It would take a cashier twenty minutes to count the amount of money needed to buy a loaf of bread. It would not be worth the time it took. And if the store was busy it would be impossible to count all that money if there were more than two or three customers. So maybe those stories are lies? And if it got that bad, wouldn't it make more sense to print one million mark bill instead of a hundred thousand ten mark bills to fit in a wheelbarrow? Perhaps it is one of the lies of history. I mean it would take a whole warehouse full of money for a day's worth of purchases for one store. How would they get it to the bank? Maybe it is just a bunch of lies like everything else they teach us about history.

That was what happened, unfortunately.


At this point though, since everything is digital anyway, it would just mean you need more zeroes in your account to buy anything. So the little guys like me who have less than $500 wouldn't be hurt as badly as the ones who have tens of thousands in savings.