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Thread: Hyperinflation

  1. #1
    Senior Member Lateralus's Avatar
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    Default Hyperinflation

    With the US government creating trillions of dollars out of thin air for the bailouts, along with the eminent end of the worldwide dollar standard, I think hyperinflation inevitable. The only question is when.

    Anyone have any ideas on how soon the dollar goes into hyperinflation?
    "We grow up thinking that beliefs are something to be proud of, but they're really nothing but opinions one refuses to reconsider. Beliefs are easy. The stronger your beliefs are, the less open you are to growth and wisdom, because "strength of belief" is only the intensity with which you resist questioning yourself. As soon as you are proud of a belief, as soon as you think it adds something to who you are, then you've made it a part of your ego."

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    mountain surfing nomadic's Avatar
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    u mean devaluation?

    it already did against the yen somewhat

    not sure if the same effects will happen to the euro and pound tho... they're gonna be printing money right along w us in their bailouts...

    as far as hyperinflation, doubt that will happen to a significan't degree. there's some fear of deflation too, just take a look at tips...

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    Senior Member Lateralus's Avatar
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    No, I don't mean devaluation. I mean hyperinflation.
    "We grow up thinking that beliefs are something to be proud of, but they're really nothing but opinions one refuses to reconsider. Beliefs are easy. The stronger your beliefs are, the less open you are to growth and wisdom, because "strength of belief" is only the intensity with which you resist questioning yourself. As soon as you are proud of a belief, as soon as you think it adds something to who you are, then you've made it a part of your ego."

  4. #4
    Oberon
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    As in, when you take cash out of the ATM you get twice as much as the price that was quoted to you this morning, so there'll be a chance you'll still have enough cash when you go back this afternoon.

    As in coal costs so many paper notes that it's cheaper per BTU to burn bundles of notes than coal.

    In Zimbabwe some years back, the cost of a roll of toilet paper passed $1,000 Zimbabwean. But the roll of paper only had about 700 sheets on it, so you were better off to wipe with the money and have $300 left over.

    That's hyperinflation.

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    Senior Member Lateralus's Avatar
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    Quote Originally Posted by oberon View Post
    As in, when you take cash out of the ATM you get twice as much as the price that was quoted to you this morning, so there'll be a chance you'll still have enough cash when you go back this afternoon.

    As in coal costs so many paper notes that it's cheaper per BTU to burn bundles of notes than coal.

    In Zimbabwe some years back, the cost of a roll of toilet paper passed $1,000 Zimbabwean. But the roll of paper only had about 700 sheets on it, so you were better off to wipe with the money and have $300 left over.

    That's hyperinflation.
    That's one of the most extreme examples, but there are many others, like Germany's currency after WWII.
    "We grow up thinking that beliefs are something to be proud of, but they're really nothing but opinions one refuses to reconsider. Beliefs are easy. The stronger your beliefs are, the less open you are to growth and wisdom, because "strength of belief" is only the intensity with which you resist questioning yourself. As soon as you are proud of a belief, as soon as you think it adds something to who you are, then you've made it a part of your ego."

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    Indeed. I think with Obama he will go along with the calls of many world leaders right now to institute some global economic and/or currency unifications. In other words, I think we may see a a complete change in our currency to one that applies to multiple countries. Otherwise we would definitely see hyperinflation. That is being slowed down, however, by the simple fact that all the other countries are in an economic crisis as well, so we're all falling evenly; some even farther down than our own dollar which is why the currency has been magically up while we're printing trillions of dollars.

    And for the record, I hope they don't globalize facets of our economy, but it seems rather inevitable.

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    Nerd King Usurper Edgar's Avatar
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    Quote Originally Posted by Lateralus View Post
    That's one of the most extreme examples, but there are many others, like Germany's currency after WWII.
    As bad as the current situation is, I doubt it is equivalent to the post WWII economic trauma dealt to a defeated country.

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    Oberon
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    Quote Originally Posted by Lateralus View Post
    That's one of the most extreme examples, but there are many others, like Germany's currency after WWII.
    Actually, the coal vs. money example is from post-WWI Germany:


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    Senior Member Lateralus's Avatar
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    Quote Originally Posted by Edgar View Post
    As bad as the current situation is, I doubt it is equivalent to the post WWII economic trauma dealt to a defeated country.
    It wasn't the war that caused their inflation, it was how they paid for the war that caused it.
    "We grow up thinking that beliefs are something to be proud of, but they're really nothing but opinions one refuses to reconsider. Beliefs are easy. The stronger your beliefs are, the less open you are to growth and wisdom, because "strength of belief" is only the intensity with which you resist questioning yourself. As soon as you are proud of a belief, as soon as you think it adds something to who you are, then you've made it a part of your ego."

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    Senior Member ptgatsby's Avatar
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    Given the amount of wealth that has been destroyed, it would seem the the probability of hyperinflation in the near future to be extremely low. I'd put deflation as about 5x more likely than inflation over 10% (never mind hyperinflation 100%) over the next 2-4 years.

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