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Old 06-18-2020, 06:42 AM
 
9,626 posts, read 10,243,390 times
Reputation: 8441

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Quote:
Originally Posted by Thatsright19 View Post
Are you sure that you want to see such a disaster put into print?
Good point.
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Old 06-18-2020, 08:21 AM
 
10,554 posts, read 4,587,712 times
Reputation: 2164
Quote:
Originally Posted by EDS_ View Post
Why don’t you explain how and why that guy gets it? I’d be really interested to hear what you think he gets in his second paragraph - of which the thesis is provably and laughably false. Go ahead give a try.
It is as simple as more money = more inflation.
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Old 06-18-2020, 10:09 AM
 
1,916 posts, read 710,991 times
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I bought a Zimbabwe $100,000,000,000,000 bill a few years ago.
One HUNDRED TRILLION DOLLARS... for only $4.95 US.
It is now worth almost $100!
Who says Zimbabwe money is worthless?
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Old 06-18-2020, 10:29 AM
 
2,609 posts, read 995,245 times
Reputation: 6564
Quote:
Originally Posted by PamelaIamela View Post
I bought a Zimbabwe $100,000,000,000,000 bill a few years ago.
One HUNDRED TRILLION DOLLARS... for only $4.95 US.
It is now worth almost $100!
Who says Zimbabwe money is worthless?
Lol — a 20-bagger, good for you. Reminds me of a story relayed by a relative in Texas. After the Civil War a fellow showed up in the area that is now Grand Prairie with a huge stash of Confederate paper money. It had lost most of its value but there were enough people who still believed that he was able to exchange his hoard for a big piece of land. The land today is worth billions of dollars.
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Old 06-18-2020, 10:34 AM
 
Location: Heart of flyover America
648 posts, read 258,106 times
Reputation: 1228
Quote:
Originally Posted by PamelaIamela View Post
I bought a Zimbabwe $100,000,000,000,000 bill a few years ago.
One HUNDRED TRILLION DOLLARS... for only $4.95 US.
It is now worth almost $100!
Who says Zimbabwe money is worthless?
In a strange twist of events, the Zimbabwe dollar has maintained value as a collectors item.

I have one myself that I take out and use as a gag occasionally.
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Old 06-18-2020, 11:16 AM
 
9,626 posts, read 10,243,390 times
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Quote:
Originally Posted by Hoonose View Post
It is as simple as more money = more inflation.
Sorry, is that what you believe or what you think Taggerung believes? Because that answer is somewhere between grossly incomplete and wrong.
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Old 06-18-2020, 11:31 AM
 
Location: Heart of flyover America
648 posts, read 258,106 times
Reputation: 1228
Quote:
Originally Posted by EDS_ View Post
Sorry, is that what you believe or what you think Taggerung believes? Because that answer is somewhere between grossly incomplete and wrong.
Inflation is, by definition, the expansion of the currency supply. Rising prices are a symptom of inflation, not Inflation itself.

Get an old Oxford dictionary and look up the definition of 'Inflation.' It will be defined as the expansion of the currency supply. Only the newer Oxford dictionaries define it as 'rising prices.'
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Old 06-18-2020, 11:39 AM
 
10,554 posts, read 4,587,712 times
Reputation: 2164
Quote:
Originally Posted by EDS_ View Post
Sorry, is that what you believe or what you think Taggerung believes? Because that answer is somewhere between grossly incomplete and wrong.
Taggerung, et al...

https://mythfighter.com/2009/11/24/f...ing-time-bomb/
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Old 06-18-2020, 11:52 AM
 
6,341 posts, read 3,601,140 times
Reputation: 11656
This whole debt party is fine until it isn't... The moment the issuance of treasury hits the skids, we have any doubt the treasuries will be defaulted, or we lose confidence in the $ the whole house of cards crumbles.
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Old 06-18-2020, 11:53 AM
 
9,626 posts, read 10,243,390 times
Reputation: 8441
Quote:
Originally Posted by Hoonose View Post
Thought so, but wanted to be sure.
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