Friday, September 27, 2013

US Hyperinflation and What It Means to You!


Our society is rapidly degrading as you see and for whatever reason we have really messed things up! These 3 words seem to apply to every disaster but "We Did This" First, we are managed by damn monkeys who would rather fightanongst each other than manage the country. 


The system worked for years but Republicans would rather bring down the country bringing it to a halt than take care of those that need the help obtaining food and health care. They have accomplished exactly nothing for the people since George Bush was elected.


While they have been playing games with each other and ignoring the fundamentals of the people and the economy the country has gone awry. This will not be good and it has already started to take affect.


Since the Bailouts of the "too big to fail" the message they got has trickled through society.  whatever you want to get whatever you can and excuse it away by saying "we were forced to too survive"


Everything is sky rocketing not just oil and gas which increases on good or bad news. Between wages where people doing entry level jobs who want $15per hour to rapidly rising gas prices to ourrun amok rebelling environment the excuse is there for everyone to raise prices. 


My thoughts right now are on food. My wife does the food shopping and for a few years now she has been coming home griping about the rapidly rising food prices. Of late she has been complaining that the prices were increasing every time she went shopping.

I started paying attention to prices and was floored. Not having done the food shopping for the last 10 years I was floored. Packages are smaller, Quantities are smaller, and prices have gone through the roof. Ialways said, brace yourself because we are not exempt from what is happening to the citizens around the world.


We are better off than most but all my wife’s griping has hit me. I can no longer eat like I want. I can't even afford to eat beef. Hamburger is 3 to $5 per pound. Hell I can't even eat hamburger.I am okay but seeing a rapid squeeze from all sides. I  am eating almost exclusively chicken, sausage, and spaghetti. 


We are being squeezed tightly. I just hope it is not for long though I hear "you will never see food prices this low again ' and all prices will only rise more rapidly. The longest lasting  hyperinflation occurred in Germany between August 1922 and November 1923 after WW1 during which prices rose at an rate of 322 percent per month, and sometimes doubled or tripled in a single day.


I hear that because of hyperinflation we are going to see prices akin to those in Germany after WW1 but I don't believe it. Maybe black market but we would revert back to ration cards for sure. Who do we thank, degrading society, politicians or economists?

 What is hyperinflation? definition and meaning: Ruinously high increase (50 percent or more per month) in prices due to the near total collapse of a country's monetary system, rendering its currency almost worthless as a medium of exchange.


*Although hyperinflation is caused mainly by excessive deficit spending (financed by printing more money) by a government, some economists believe that social breakdown leads to hyperinflation (not vice versa), and that its roots lie in political rather than economic causes.

* First Signs of Hyperinflation Have Arrived: US National Debt Can ...:  First Signs of Hyperinflation Have Arrived: US National Debt Can Travel From the Earth to the Sun and Back a Stunning 83 Times!

 * Fed Moves To Create Frightening Hyperinflation In The U.S.:  In the United States, the reality is that the Fed is going to be forced to dramatically increase the amount of stimulus being pumped into the economy over time.  Right now the Fed buys $85 billion of Treasuries each month.  I expect to see that number dramatically increased, and it will cover stimulus at some point, as well as Treasury purchases.

James Joiner
Gardner, Ma

1 comment:

Demeur said...

You need to do a bit more research. The ratio of debt to GDP is actually going down compared to 2008. The stock market is over inflated if anything. Beef prices by the way have been hammered from the droughts we've had the past few years. I talked to the Blog Fodder about that and he tells me beef runs in 10 year cycles. If I'm going to eat beef it's small breakfast steaks at just under a pound for around $5 two or three small steaks to a pack. You should have some good inexpensive fish up your way. Here it's getting expensive as our population grows. But the biggest problem on prices as I see it is with speculators who drive up prices only to make a profit. They have no intention of bringing the food to your table.
Hyper inflation? No I don't think we've seen it yet.