Author Topic: 25 percent of dollars in existence LESS THAN ONE YEAR OLD!  (Read 344 times)

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Offline Matthew

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  • Over 25% of USD currency in existence has only existed for 1 year or less!

    Inflation, here we come!

    Prepare, boys and girls. Buy whatever you want, but DO NOT HOLD CASH.

    Just picture a large % of your cash disappearing every year -- and then act accordingly.
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    Offline DigitalLogos

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    Re: 25 percent of dollars in existence LESS THAN ONE YEAR OLD!
    « Reply #1 on: May 22, 2021, 11:35:46 AM »
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  • Perhaps me being really crummy with my savings will be beneficial after all
    "The Heart of Jesus is closer to you when you suffer, than when you are full of joy." - St. Margaret Mary Alacoque


    Offline Matthew

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    Re: 25 percent of dollars in existence LESS THAN ONE YEAR OLD!
    « Reply #2 on: May 22, 2021, 12:51:37 PM »
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  • Perhaps me being really crummy with my savings will be beneficial after all
    Imagine all the idiots who cut off their own family size -- their own progeny -- to sock away money in the bank. Imagine the ѕυιcιdє they'll commit when that $800,000 nest egg in the bank becomes worth about $800. They will literally jump out of tall buildings.
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    Offline Ladislaus

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    Re: 25 percent of dollars in existence LESS THAN ONE YEAR OLD!
    « Reply #3 on: May 22, 2021, 01:48:52 PM »
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  • So what is the significance of this stat?  Cash has become a smaller thing from year to year. Weren’t they printing new money to prevent the spread of CÖVÌD on earlier and presumably more dirty bills?

    I believe that an engineered inflation is on the way ... just not sure how this stat fits in.

    Offline Matto

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    Re: 25 percent of dollars in existence LESS THAN ONE YEAR OLD!
    « Reply #4 on: May 22, 2021, 01:56:57 PM »
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  • Imagine all the idiots who cut off their own family size -- their own progeny -- to sock away money in the bank. Imagine the ѕυιcιdє they'll commit when that $800,000 nest egg in the bank becomes worth about $800. They will literally jump out of tall buildings.
    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.
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    Offline Matto

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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 »
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  • 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.
    I Love Watching Butterflies . . ..

    Offline 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 »
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  • 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?

    Offline Matto

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    Re: 25 percent of dollars in existence LESS THAN ONE YEAR OLD!
    « Reply #7 on: May 22, 2021, 07:37:58 PM »
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  • 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.
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    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 »
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    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.
    .
    Stock up on canned food and other storable items while they are cheap!

    Offline DigitalLogos

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    Re: 25 percent of dollars in existence LESS THAN ONE YEAR OLD!
    « Reply #9 on: May 22, 2021, 07:48:26 PM »
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  • 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.
    "The Heart of Jesus is closer to you when you suffer, than when you are full of joy." - St. Margaret Mary Alacoque

    Offline Pax Vobis

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    Re: 25 percent of dollars in existence LESS THAN ONE YEAR OLD!
    « Reply #10 on: May 22, 2021, 07:52:57 PM »
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    So what is the significance of this stat?  Cash has become a smaller thing from year to year. Weren’t they printing new money to prevent the spread of CÖVÌD on earlier and presumably more dirty bills?

    I believe that an engineered inflation is on the way ... just not sure how this stat fits in.

    Agree, it's an important stat, but it's hard to say how it will affect the economy, or when.  In years past, when the Fed printed tons of money, it went into the system in the form of loans, and it hit the economy (and caused inflation) in the following areas - housing, universities, health care, stocks, commercial real estate.
    .
    Some (conservative) economists have pointed out that the difference between now and in times past (i.e. 2008 crisis) is that the stimulus money is hitting real people, small businesses, and also the logistical industries (trucking, shipping, etc).  Add to that the covid-shutdown of stuff a year ago, plus the massive amount of cargo ships sitting in the pacific and not being allowed to unload imports, and this is setting up for shortages of a high degree.
    .
    So the hyper-inflation will not really be because of money printing, but also because of (artificially-controlled) product shortages.  China is involved in these cargo ships and the Federal govt is making them wait to be inspected, due to "covid".  As you said, an "engineered inflation".


    Offline Pax Vobis

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    Re: 25 percent of dollars in existence LESS THAN ONE YEAR OLD!
    « Reply #11 on: May 22, 2021, 08:08:58 PM »
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    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,
    Well, worst-case scenario, when hyper-inflation comes, what'll happen is food, gas, medicine will skyrocket in price, and people will spend most of their money on these things, barely scraping by.  They won't have enough $ to pay off their debts.
    .
    Meanwhile, desperate people will sell their real estate to get cash, which will send houses/land WAY DOWN in value (they are already at an all-time high), and thus, housing will crash (relatively speaking).  Stocks will crash, bonds will crash and interest rates will skyrocket too.
    .

    Quote
    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.

    Normal people won't have the money to pay off debts, they'll be paying $10 for a gallon of milk and $8 for a gallon of gas, and all other items (lumber, fast food, groceries, concrete...anything that is trucked across the country) will skyrocket in price because of the cost of gas.  Many truck companies will halt driving, because they can't make $ transporting stuff, so shortages will be everywhere, regionally.
    .
    Companies who rely on products from china or other parts of the US will feel the squeeze and will cut staffing.  People all across industries will lose their jobs.  They'll have to sell their houses (or be foreclosed on) at very low values.  More and more people will live off the govt.
    .
    Due to the economic chaos, local and state govts will increase property taxes and all other taxes to make ends meet.  More people will feel the squeeze.  Or...local/state govts will cut programs, police, etc and crime will skyrocket (both due to desperation and due to less police). 
    .
    Rich people will swoop in and buy up property/businesses at bargain values.  Just like during all recessions/depressions.  The Middle class will finally die and all that will be left is the rich/poor.
    .
    Sorry to paint a bad picture, but all this happened in Argentina a decade ago, and happened in Venezuela (the third richest country in North America) just 3 yrs ago.  It's economics, pure and simple.  The US will collapse when gas prices rise and when imports stop.  It's not if, but when.


     

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