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When is this hyperinflation that the so called "tin foil hatters" talk about going to occur, it'll occur when velocity of money returns to prerecession levels.
Quantity of money x velocity = aggregate price level x total output quantity.
The quantity of both M1 and M2 money has increased exponentially, no one on this board will deny that we're expanding the money supply right now. What's decreased is velocity of money which is at an all time low. Once velocity picks up again, all you have to do is look at the right side of the equation and see which variable will change, either price level or total output, and it aint going to be raw output.
So when will hyper inflation occur and collapse our economy? When velocity of money picks up. Pretty simple
In before the typical liberal "you are a crazy tin-foiler because we're America and bad things like Greek debt crisis and Weimar inflation can never happen because we're America. We can borrow forever because we're the USA and because nothing has happened yet, it'll never happen" is posted.
Why do you expect hyperinflation? 5% annual devaluation for 20 years destroys the middle class. It doesnt have to be hyperinflation. You ignore wage vs price inflation. Thats the important one.
You know, 100 years ago you could purchase a nice men's suit with an ounce of gold, and today, you can purchase a nice suit with that same ounce of gold.
100 years ago, it would cost $25 US dollars. Today, it would cost $1,400+.
The hyperinflation is here and has been for a long time. : )
You know, 100 years ago you could purchase a nice men's suit with an ounce of gold, and today, you can purchase a nice suit with that same ounce of gold.
100 years ago, it would cost $25 US dollars. Today, it would cost $1,400+.
The hyperinflation is here and has been for a long time. : )
You pay 1,400 for your suits? Wow, someone is out of touch Willard.
You know, 100 years ago you could purchase a nice men's suit with an ounce of gold, and today, you can purchase a nice suit with that same ounce of gold.
100 years ago, it would cost $25 US dollars. Today, it would cost $1,400+.
The hyperinflation is here and has been for a long time. : )
Because the money is going from the Treasury to the banks and into wall street and then offshore.
None of it is circulating among us. That's what's keeping the inflation low..non circulation of all this funny money.
You know, 100 years ago you could purchase a nice men's suit with an ounce of gold, and today, you can purchase a nice suit with that same ounce of gold.
100 years ago, it would cost $25 US dollars. Today, it would cost $1,400+.
The hyperinflation is here and has been for a long time. : )
Or you can buy one that probably has a tighter weave and better constructed on modern equipment by some wage slave in Mexico or Haiti for 1/3 oz of gold.
My favorite suits were Hart Shaffner and they filed bankruptcy. I bought my son a few suits at J Banks that were pretty nice for the money.
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