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Author Topic: 25 percent of dollars in existence LESS THAN ONE YEAR OLD!  (Read 2366 times)

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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.
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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.
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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".
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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.
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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.
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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.
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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.
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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). 
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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.
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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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