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Old 01-16-2009, 06:26 PM
 
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BBC NEWS | Africa | Zimbabwe rolls out Z$100tr note
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Old 01-16-2009, 06:29 PM
 
702 posts, read 2,099,661 times
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Local barter system, anyone?

We're all just numbers in The Matrix.
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Old 01-16-2009, 06:36 PM
 
3,853 posts, read 11,862,236 times
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Quote:
Originally Posted by fnord View Post
Local barter system, anyone?

We're all just numbers in The Matrix.
lol yup. What they are using is USD, as if the same situation couldn't happen to the USD. Gold and silver are the only preservers of wealth. At least during this era. Unfortunately there is not enough gold/silver to back all the USD in circulation so someone will be left holding the bag.
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Old 01-16-2009, 06:39 PM
 
Location: Sheepshead Bay, Brooklyn, New York
195 posts, read 691,532 times
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Soon..this will come to a neighborhood near you!
As the U.S. continue to print the money and spend...
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Old 01-16-2009, 07:34 PM
 
18,353 posts, read 16,333,820 times
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Lowest inflation in half a century on the precipice of deflation and the inflationary rhetoric continues....
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Old 01-16-2009, 08:14 PM
 
Location: where you sip the tea of the breasts of the spinsters of Utica
8,299 posts, read 12,559,141 times
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If we could just send someone to get hold of one a them big dollar bills they have over there, he could bring it back and pay off the whole national debt, and get change back!
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Old 01-16-2009, 08:22 PM
 
Location: Great State of Texas
86,068 posts, read 74,832,001 times
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Quote:
Originally Posted by gwynedd1 View Post
Lowest inflation in half a century on the precipice of deflation and the inflationary rhetoric continues....
It's only low because energy is down over 20%.
Food on the otherhand went up and is not deflating.

The slump in oil is skewing the numbers.
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Old 01-16-2009, 08:31 PM
 
Location: The Woods
17,226 posts, read 22,993,454 times
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Calculate the price of food into it and you'll find a more accurate figure.
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Old 01-16-2009, 08:45 PM
 
3,853 posts, read 11,862,236 times
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Quote:
Originally Posted by gwynedd1 View Post
Lowest inflation in half a century on the precipice of deflation and the inflationary rhetoric continues....
inflation is actually highly dependent on leverage. What we are seeing is a period of deleverage which causes people to sell assets and hoard cash (why buy now, when I get it a week later for less mentality). This results in lower prices. During periods of high leverage there is more inflation because people are borrowing money to spend or buy things. That is all that is.

In reality, there is always constant inflation.
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Old 01-16-2009, 08:55 PM
 
18,353 posts, read 16,333,820 times
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Originally Posted by killer2021 View Post
inflation is actually highly dependent on leverage. What we are seeing is a period of deleverage which causes people to sell assets and hoard cash (why buy now, when I get it a week later for less mentality). This results in lower prices. During periods of high leverage there is more inflation because people are borrowing money to spend or buy things. That is all that is.

In reality, there is always constant inflation.
Hi killer2021,

It not just hoarding cash. Every mortgage payment, credit card payment , car payment destroys money. These payments are not being replaced with new loans and I doubt they will soon .Just the unraveling of credit default swaps has eliminated trillions. It literally means we will no longer be circulating high risk debt as money. As people loose their jobs more people will enter this category. Businesses are in the same shape. Hoarding is just adding to the problem. We either go into debt to buy things or buy things because someone else went into debt. All money is someone's debt somewhere.
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