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Beating the coming inflation
- Thread starter lpchad
- Start date
Isn't the main point of the purposed hyper-inflation in the fact that the government has made so many promises to medicare and social security, that when the majority of the baby boomers retire the government will be in so much debt it will have no other choice but to print the money.
Imagine if the US defaulted on payments. What would happen? It would surely be an amazing sight to see.
Imagine if the US defaulted on payments. What would happen? It would surely be an amazing sight to see.
Do we have a perfect storm... aging boomers all over the socialized world, persistent credit freezeup problem, massive government spending, massive government debt, massive government unfunded liabilities, voting bias swinging way towards "government is the answer", currency races to the bottom... it's good to have an interesting life, it's not good to live in interesting times maybe, though...
Quote from cubical:
Isn't the main point of the purposed hyper-inflation in the fact that the government has made so many promises to medicare and social security, that when the majority of the baby boomers retire the government will be in so much debt it will have no other choice but to print the money.
Imagine if the US defaulted on payments. What would happen? It would surely be an amazing sight to see.
hyper-inflation is de facto default.
Quote from scriabinop23:
The US is the world's largest exporter, believe it or not.
1.86T...
http://www.bea.gov/newsreleases/national/gdp/2009/pdf/gdp408f.pdf
China is at 1T with about 40% of their GDP as exports.
US is not the world's largest exporter.
http://en.wikipedia.org/wiki/List_of_countries_by_exports
Quote from zdreg:
US is not the world's largest exporter.
http://en.wikipedia.org/wiki/List_of_countries_by_exports
EU is not a country. And goods + services are what I'm looking at.
For Germany:
http://www.destatis.de/jetspeed/por...ontent100/ahl210a,templateId=renderPrint.psml
Exports for 2008, 994B euro. Lets say 1.30 ex rate ... 1.3T USD... 1.45: 1.45T USD.
Post China's specific stats when you find it... but it is around 1T.
Quote from scriabinop23:
The US is the world's largest exporter, believe it or not.
1.86T...
http://www.bea.gov/newsreleases/national/gdp/2009/pdf/gdp408f.pdf
China is at 1T with about 40% of their GDP as exports.
I think, Germany, on a per capita basis is, is it not? Isn't that what matters? per capita i mean.
Quote from piezoe:
I think, Germany, on a per capita basis is, is it not? Isn't that what matters? per capita i mean.
Now here I go with easy wikipedia quotes:
http://en.wikipedia.org/wiki/List_of_countries_by_exports_per_capita
Here's why inflation is almost dead certain down the road
http://macrospeculations.blogspot.com/2009/04/bernanke-inflation.html
http://macrospeculations.blogspot.com/2009/04/bernanke-inflation.html
"Down the road" is a little vague isn't it? DOW 40,000 is also "dead certain down the road". Maybe in 2025 or 2100.Quote from Daal:
Here's why inflation is almost dead certain down the road
High inflation, how high? 5% annually (not a historic outlier) or 25% (high historically). When? In 18 months? Or 18 years?