Hyper-Inflation

[rosco rathbone]

Any day now...

 

[RobDownSouth]

Forty Five months on, the Middle East is still in turmoil (The RWCJ still blames President Obama) but still nary a peep about hyperinflation in the good ole USA.

Forty eight months today...FOUR YEARS LATER.....the Middle East is still in turmoil (The RWCJ still blames President Obama) but still nary a peep about hyperinflation in the good ole USA.

 

[koalabear]

Forty eight months today...FOUR YEARS LATER.....the Middle East is still in turmoil (The RWCJ still blames President Obama) but still nary a peep about hyperinflation in the good ole USA.

Desperately seeks validation from someone, even his dog left his fat ass.

 

[KRCummings]

Desperately seeks validation from someone, even his dog left his fat ass.

Desperately wants people to forget he lusted after Ken.

 

[koalabear]

Desperately wants people to forget he lusted after Ken.

He did that too!!!!!!!

 

[Sean Renaud]

Forty eight months today...FOUR YEARS LATER.....the Middle East is still in turmoil (The RWCJ still blames President Obama) but still nary a peep about hyperinflation in the good ole USA.

To be fair the OP said we wouldn't see this shit until next year.

 

[RobDownSouth]

Fifty One months on, the Middle East is still in turmoil (The RWCJ still blames President Obama) but still nary a peep about hyperinflation in the good ole USA.

 

[RobDownSouth]

Fifty Three months on, the Middle East is still in turmoil (The RWCJ still blames President Obama) but still nary a peep about hyperinflation in the good ole USA.

 

[RobDownSouth]

Is it 2014 yet?

Soon, Bam-Bam, the "fuck you" man, will bring us yet another hystorical moment:

The hyperinflation of 1914-1923 will be repeated 100 years later (that's 2014-2023 for those of you who majored in non-scientific studies).

"Uh, we inherited deficit spending when we came into office. Bush did it; wasn't me."

http://www.history.ucsb.edu/faculty/marcuse/classes/33d/projects/1920s/1923StacksOfMarks.jpg

Oh look, Contweaka, we almost have enough
for Pop's doctor visit co-pay today!​

My how time flies!

Hi "Karen"!

It's 2014! Whar is that hyperinflation you predicted that would occur now way back in 2009 and 2010? Whar?

 

[rosco rathbone]

Hi "Karen"!

It's 2014! Whar is that hyperinflation you predicted that would occur now way back in 2009 and 2010? Whar?

this thread never stops giving

 

[oggbashan]

I have not read all through the thread. To post a response to the OP though, you need to re-visit the history books.
The hyper-inflation period of the Weimar Republic was between June 1921 and January 1924. Sorry , no math needed yet.

This is what hyperinflation does to your money:

In 1918 1 Mark would have bought a large loaf of bread. By September 1923, the date of that note for 50 Billion Marks, a handful of 50 Billion Mark notes wouldn't. That note was issued by the local City Hall because the Government printing presses couldn't keep up with the changes. By the end of the week, a wheelbarrow full of them wouldn't buy a loaf of bread.

That is a European 'Billion' i.e. what is now called a Trillion.

Why did Weimar Germany have hyperinflation?

The simplest answer is that Germany paid for World War 1 with debt. The US and UK paid for it with income and capital as far as they could. After the war, reparations, insisted on by France, meant that German debt repayment was several times higher than their annual earnings. They couldn't pay, so their debt got larger and larger...

Hyperinflation is a sign of total loss of confidence in a country's currency. The world couldn't afford for that to happen to the US dollar because it is used for so many transactions that never touch the soil of the USA.

 

[RobDownSouth]

Fifty Eight months on, the Middle East is still in turmoil (The RWCJ still blames President Obama) but still nary a peep about hyperinflation in the good ole USA.

 

[Que]

I'd say that a box of cornflakes that used to cost 2. 89 and was 24 ounces now costing 4.59 At 16 .5 ounces is it pretty dramatic escalation.

Now... I realize that some of that is due to idiots policies regarding domestic oil production as well as other idiot policies such as trying to grow an oil field in the subsidized cornfields of Kansas.... but the net result is the same.

2008 2012
Gallon of Milk $2.16 $4.59 - 113%
Pound of Butter $1.95 $5.19 - 166%
Pound of Rice $1.10 $2.00 - 82%
5 Lb Bag Sugar $2.68 $3.79 - 41%
Pound of Potatoes $0.32 $1.30 - 306%
5 Lb Bag Flour $1.97 $3.49 - 77%
Dozen Eggs $1.29 $2.19 - 70%
2 Lb Coffee $5.49 $13.69 - 149%
Pound of Ground Meat $3.68 $7.98 - 117%

(A bit of an aside but the LEAST impacted items were ones that we already pay FAR more than world prices for due to US protectionism...sugar and rice. The reason it didnt rise AS much is the mechanisms for the market distortions the US hinders those markets with, didnt ratchet as quickly as the other items did.)

If you want to look up the prices for your region...here:

I knew better than to;

1) click "show post" for anything RobDownSouth types... I wondered whether he had for example an actual piece of news of interest...no, just his delusional grandiosity that he is right based on nothing at all...

2) even consider joining in a debate on anything potentially substantive involving numbers with the GB crowd of "economists".

I TRIED in vain to just gracefully bow out, but not before the genius below added his snark which of course counts the same as actual fucking debate around here...."you are wrong because I always disagree with you therefore you are wrong."

Staggering intellectual giants amongst us...

Why DON'T you guys spend any time on sites where people have some expertise on these matters? I'm pretty sure its because you KNOW that you actually don't know.

You're all such political and mathematical geniuses... how about if I point you to an economics forum so that you can spout your nonsense....

 

[Disgustipated]

You are an idiot... purchasing power of wages is probably half of what it was 6 years ago. You're one of those idiots that likes the CPI when it suits your argument right but not so much when it doesn't get retirees a high enough Social Security boost.

Take your time machine and $100 bill and go to the grocery store 6 years ago take that same hundred dollar bill and see what you get now. Less than half. I'm pretty sure that's what I would call hyperinflation.

Idiot.

Less than half? Are you that Fucking stupid? Also, there is no need to sign your posts, we already know.

 

[eyer]

Less than half? Are you that Fucking stupid? Also, there is no need to sign your posts, we already know.

Luke...

...how're your twin daddys Paul and Sonny doin' these days?

 

[Disgustipated]

Luke...

...how're your twin daddys Paul and Sonny doin' these days?

Trolling hard, eeyore. That's all you can do anymore. I'll let those two men know you were asking for them late at night.

 

[Que]

...and you ^ added such riveting discussion to the debate.


How did I miss you on my long list of GB'rs that never have anything substantive to say? Iggy...there all fixed.

The only reason I even saw this thread is because it is so old, I have no idea who the OP is...I have virtually everybody who regularly starts political threads from the left or the right ignored. Nothing wrong with an informed discussion of religion, politics or sex...but I don't look for scintillating sexual themes on economics boards.

 

[Disgustipated]

...and you ^ added such riveting discussion to the debate.


How did I miss you on my long list of GB'rs that never have anything substantive to say? Iggy...there all fixed.

You said something dumb. I corrected you. You added much less with more words

 

[eyer]

I'll let those two men know you were asking for them late at night.

It's ok, Luke...

...nothing wrong with being duped by a chick named Paul.

 

[RobDownSouth]

I'd say that a box of cornflakes that used to cost 2. 89 and was 24 ounces now costing 4.59 At 16 .5 ounces is it pretty dramatic escalation.

No one is doubting that food prices have risen, chum.
Five years ago we were in the Bush Recession, the one Vetty claimed never existed. The price of food plummeted then because fewer folks could afford food (Basic Econ 101, obviously lost on a deep thinker such as yourself.

God Bless the Obama Recovery. Now that America is working again, food prices have returned to their near-historical norms.

Now then, I urge you to look at the title of this post. Do you see it? Hmmm? It says "Hyper-inflation", which was Mr. Kraft's convoluted spelling of Hyperinflation.

Do you know what "Hyperinflation" is? Do you? Is "Hyperinflation" defined as "pretty dramatic escalation"? Hmmm? Not in any dictionary I could find!

So, does that mean you're trying to redefine the terms of the debate more favorable to your preconceived position?

I'd say yes.

Keep the derp coming, son. I enjoy educating mouthbreathers such as yourself.

 

[RobDownSouth]

♫♫ Will you still need me, will you still feed me...when I'm sixty four? ♫♫

It's been SIXTY FOUR months now since "Karen" made his doomy gloomy prediction, the Middle East is still in turmoil (The RWCJ still blames President Obama) but still nary a peep about hyperinflation in the good ole USA*.

*(Except from Queerbait, of course, but his definitions to words are unlike everyone else's)

 

[PoppingTom]

There is that theory that the Great Depression is made out of the fact America had NO hyperinflation like Germany f.e.

 

[RobDownSouth]

Downsouth 1, "Kraft" bupkis

Is it 2014 yet?

My how time flies!

How time flies indeed. And you were 100% wrong.

To be fair the OP said we wouldn't see this shit until next year (2014).

The final results are in! 66 months after "Karen"'s ill-fated prediction, nary a sight of that dreaded bugaboo hyper-inflation.

 

[Saint Peter]

cheap gas
smokin' economy
sloppy blowjobs



What's not to love?

 

[RobDownSouth]

cheap gas
smokin' economy
sloppy blowjobs



What's not to love?

I'm sure the Vettebigot and his lil buddy query will find something to carp about. You'll recall when we first came out of the Bush recession, AJ was whining about the exorbitant price of cinnamon in Sri Lanka (all President Obama's fault, natch).