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Author | Topic: Deflation And Hyperinflation. Could It Happen Here? | |||||||||||||||||||||||||||||||
Phat Member Posts: 18348 From: Denver,Colorado USA Joined: Member Rating: 1.0 |
jar claims that I listen to shills and quacks...con men all. I say he doesn't see the handwriting on the wall.
Note this article from respectable magazine, Forbes:
Hyperinflation: Will America Dodge The Bullet? When I seee stuff like this, my inner intuitiveness confirms its validity. Call me arrogant, but I think I see a scenario which mainstrtem academia misses. How you all see it as life as usual, I see as an apocalyptic scenario. Why is that? Am I that smart or am I that delusional? Or are you? Virtually every article that I read says that we likely will have a deflationary scenario followed by an inflationary....and even hyper-inflationary one. Comments?"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.- Dr.John Lennox The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.- Criss Jami, Killo The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him. Leo Tolstoy, The Kingdom of God is Within You(1894).
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Phat Member Posts: 18348 From: Denver,Colorado USA Joined: Member Rating: 1.0 |
Seeing the signs indicating that such a scenario is likely to occur. Anyone with intelligence of even a minor degree could discern the likely signs that the economy of the US dollar and the soundness of our financial system is at least being tested.
Or perhaps you simply see the bill being paid at the expense of those foolish virgins who did not bother to refill their lamps. I never liked your assessment that the US as a whole would clearly survive and that only some of us would get wiped out to pay the damnable bill that in your opinion wont tank everybody but only a select group. "A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.- Dr.John Lennox The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.- Criss Jami, Killo The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him. Leo Tolstoy, The Kingdom of God is Within You(1894).
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Phat Member Posts: 18348 From: Denver,Colorado USA Joined: Member Rating: 1.0 |
quote:So now that they are low, inflation is a distinct possibility. Im telling you it will be closer to hyperinflation until the dollar finds its true level in relation to other currencies. The US middle class will get decimated...and all to pay that stupid bill. We oughta protest. The whole world must pay it. Edited by Phat, : No reason given."A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.- Dr.John Lennox The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.- Criss Jami, Killo The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him. Leo Tolstoy, The Kingdom of God is Within You(1894).
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Phat Member Posts: 18348 From: Denver,Colorado USA Joined: Member Rating: 1.0 |
I took your advice, but have my beliefs on the direction the world is heading. We will of course try and keep it together and I DO agree that moderation is wise. Biden has other remarks:
Biden warns China will 'eat our lunch' on infrastructure spending It seems that jar is right in that the US needs to find better ways to compete and quit living in the past. The slogan, rather than "Make America Great Again" should be more along the lines of "Make America Great. For Once![ "A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.- Dr.John Lennox The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.- Criss Jami, Killo The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him. Leo Tolstoy, The Kingdom of God is Within You(1894).
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Phat Member Posts: 18348 From: Denver,Colorado USA Joined: Member Rating: 1.0 |
Percy writes: Guilty. I do tend to go against the grain of logic and reason. The jury is still out on reality. You've just introduced yourself as a topic of discussion. I won't comment on how smart you are, but we who have come to know you know that you're not analytical, rarely synthesizing a set of facts into a rational conclusion. Ideas either make sense to you or they don't, independent of reality. When it comes to spiritual beliefs, I go with what I have experienced. I cannot claim to know anything. jar always points out that there is no evidence for a Holy Spirit or a spiritual "war" and chalks it up to ignorant believers and con men. I will agtree that there are many con men in organized religion. I see the charlatans and know how to test what they claim with scripture. My critics go a step farthere and dismiss the ones I trust as part of the group. Look, we have no evidencee apart from experience. I will show you a video of alleged deliverences from demonic influence. Feel free to question it, doubt it, and flat out accuse the participants as a fraud. I dont see evidence that they are acting. If they are, they are good actors. EXHIBIT A:
EXHIBIT BDifferent pastor)
I doubt that many of you will bother listening to the 2nd video (a podcast) but I'm guessing that you will instantly label these ministers as willful con men. I do not get that same definite judgement, and the reason why is because you have never seen such stuff in real life whereas I have. (Plus you stick with lack of evidence as your belief) This relates to inflation/depression/collapse only in that such a belief system globally may precipitate such a collapse. And I grant that my extreme beliefs are illogical.
LETS TAKE THIS LINE OF DISCUSSION OVER HERE: Message 170 Edited by Phat, : No reason given. Edited by Phat, : No reason given."A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.- Dr.John Lennox The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.- Criss Jami, Killo The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him. Leo Tolstoy, The Kingdom of God is Within You(1894).
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Phat Member Posts: 18348 From: Denver,Colorado USA Joined: Member Rating: 1.0 |
Keep in mind too that the value of stocks and bitcoins is measured in dollars. So which asset is actually tied to reality?
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.- Dr.John Lennox The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.- Criss Jami, Killo The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him. Leo Tolstoy, The Kingdom of God is Within You(1894).
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Phat Member Posts: 18348 From: Denver,Colorado USA Joined: Member Rating: 1.0 |
Percy writes: For now, I've backed off of suggesting hyperinflation, but I will introduce you to 4 "financial charlatens" who have what I consider to be reputable arguments regarding the demise of the US debt bubble.
Better and more informed perspectives are called for. The US should be placed in the context of the whole world. The country's goal, however expressed in a slogan, should be economic opportunity, justice, fairness and healthcare for all. Don't abandon your topic, which mentions both deflation and hyperinflation. You say little about deflation, but that possibility seems very real given how close to zero interest rates are, and given that the economy won't be mostly free of virus constraints for perhaps another six months. And are you still including hyperinflation as a realistic possibility, defined as inflation exceeding 13,000% annually? I realize that many here at EvC want me to express what I present in my own words, but I simply cant at this time explain is as well as I hear it explained. Im not demanding that everyone watch my videos, which many of you consider to be videos of Financial Charlatans & Religious Charlatans but I will honestly tell you that these people whom I select are to the best of my limited knowledge,intuition, and gut feeling to be at least considered without being written off as con-men. (And this is what I dislike about jars approach) He dismisses anything that challenges his assumptions. Granted Percy, I do that also, so I will plead guilty. But if you have a minute, I would appreciate a review of what my guys say. I will tell everyone here at the Forum that I do and have listened to some of what your guys say, even though I am dogmatically and practically opposed to what they "preach"."A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.- Dr.John Lennox The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.- Criss Jami, Killo The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him. Leo Tolstoy, The Kingdom of God is Within You(1894).
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Phat Member Posts: 18348 From: Denver,Colorado USA Joined: Member Rating: 1.0 |
Well what do you know???!!! You and I actually agree on something. I think it will happen quicker than you predict, but wouldn't mind being wrong about that at all!
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.- Dr.John Lennox The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.- Criss Jami, Killo The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him. Leo Tolstoy, The Kingdom of God is Within You(1894).
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Phat Member Posts: 18348 From: Denver,Colorado USA Joined: Member Rating: 1.0 |
ringo writes: I'm glad to see that you admit that collective experience can be objective. We have collective experience - which can be objective Lets keep this thread focused on Deflation and Hyperinflation.
LETS TAKE THIS LINE OF DISCUSSION OVER HERE: Message 170 I apologize for allowing it to drift off topic. Edited by Phat, : added redirection link"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.- Dr.John Lennox The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.- Criss Jami, Killo The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him. Leo Tolstoy, The Kingdom of God is Within You(1894).
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Phat Member Posts: 18348 From: Denver,Colorado USA Joined: Member Rating: 1.0 |
LNA writes: Yes I agree. Lets stick to this topic. The demons can be dealt with elsewhere.
This discussion got derailed earlier; posters were wrong to make it sound like your OP predictions were contrary to standard economic theory. Just make your case, while ignoring the generic (endless here, it seems) insults. LNA writes: As I pointed out before, the VALUE of any asset...be it land, gold, or a 1940 Rolls Royce...is measured (by us at least) in dollars. Inflation is not synonymous with the dollar's value against foreign currencies. And the typical order of events generally has been inflation FIRST , then deflation SECOND. But I should point out that a lot of wealth in the country will be in land, buildings, and stocks. It is not STOCKS & BONDS but stocks, bonds, buildings, land, etc.(...)The population has grown, to today's levels,and now the stolen, claimed, sold, resold land ( yes, LAND) is surely the greatest chunk of the gross domestic asset total . Land values are explosive and much higher than ever. I really wonder just how much punch an inflation increase throws nowadays. The somewhat diminished importance of inflation might explain the lack of it. It might be that it is just not so scary anymore, and perception drives values of so many assets. The only thing to fear is, well ...fear. Remember when economists talked about bubbles?
LNA writes:
Getting back to bubbles. What about the "crypto currency " Bitcoin. It went from less than $500 a coin,10 years ago, to $20,000 today. 40 times the value and while the $ had very little inflation , so there were no air bloating effects to explain such a shoot-out. Granted the dollar is on a very grand scale compared to many assets it will be measured against. A government announcing a big federal asset investment will shoot the value of the targeted asset so fast that the purchase will come with an expensive premium. So what is the point?quote:Wiki says this: Economic Bubble Wiki writes: You mentioned bitcoin.
Simply put, economic bubbles often occur when too much money is chasing too few assets, causing both good assets and bad assets to appreciate excessively beyond their fundamentals to an unsustainable level. Once the bubble bursts, the fall in prices causes the collapse of unsustainable investment schemes (especially speculative and/or Ponzi investments, but not exclusively so), which leads to a crisis of consumer (and investor) confidence that may result in a financial panic and/or financial crisis; if there is monetary authority like a central bank, it may be forced to take a number of measures in order to soak up the liquidity in the financial system or risk a collapse of its currency. This may involve actions like bailouts of the financial system, but also others that reverse the trend of monetary accommodation, commonly termed forms of 'contractionary monetary policy'.Citi: Bitcoin at ‘Tipping Point’ as Institutions Come on Board Seems the big money is flirting with this ubiquitous cryptocurrency. Personally I dont trust it. Anything that goes up that fast could and would crash just as fast. Today's value, according to Yahoo Finance: $48,182.28. I prefer Gold and Silver as counter-cyclical investments. They say to keep your friends close and your enemies closer. Lets ask Google how much gold China owns: (Unofficially much more than Officially)"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.- Dr.John Lennox The whole war between the atheist and the theist comes down to this: the atheist believes a 'what' created the universe; the theist believes a 'who' created the universe.- Criss Jami, Killo The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him. Leo Tolstoy, The Kingdom of God is Within You(1894).
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