What does hyperinflation look like in modern times?

[Nobert]

%%
TOUGH + good question.
Even tougher, trying to ''predict'' 10 years down the road.
And '' as child I was given 1,000 B for a school lunch or snack '' HUH\ a snack costs the same as school lunch?? LOL / food rip off not related to inflation.LOL
One guy in US, said he grew up poor, could not afford a school lunch, had no gov handout.
But on the way to school, he picked up some sticks from a lightening struck tree + traded it to the school cook for a school meal. Nothing like a good trade. He has his own company, now

Well, it takes some special talent to exchange burnt tree branches into a food, cuz even in the skidrow that wouldn't work out.
(Given that the client/salesman were sober at the time of transaction)

,,
- Sell
- ?... Bro, only paper. Dealer, looked down and continued to count the money
- 3 burned sticks. At market. Day.
- That stuff is too heavy for you man.
- suddenly jumps & raises hands : order filled !
- yooo,.. wt* man. Gt** outa here. Order filled my as*
"

 

[murray t turtle]

Well, it takes some special talent to exchange burnt tree branches into a food, cuz even in the skidrow that wouldn't work out.
(Given that the client/salesman were sober at the time of transaction)

,,
- Sell
- ?... Bro, only paper. Dealer, looking down, counting money
- 3 burned sticks. At market. Day.
- That stuff is too heavy for you man.
- raises hands : order filled
- yooo,.. wt* man. Gt** outa here. Order filled my as*
"

%%
YOU maybe right, a super-trader kid, who started out poor in US.
I think that was in the days of wood stoves+ not sure if the wood branches were charcoal or fresher, on the lightening hit tree. I do remember if one was polite/ the school cooks would give us a larger portionI also remember being polite to a substitute teacher+ her husband owned a farm. Back then, some may let you hunt for free ,on the farm ,even though some areas were leased for hunting.
ALSO math was not my top subject as a kid, but i would never pay the same hyper price for a snack as a school meal, as that hyper writer did .LOL
{Edit, courts have struck down reparations for rich white kids=student loan forgiveness. Good jobs by the courts}

 

[Scataphagos]

"rest currency"

meant "reset" currency, of course.

 

[murray t turtle]

meant "reset" currency, of course.

%%
LOL I though the FED was making a big mistake/miss-step selling silver.
Maybe not because hey have to buy so much+ storage insurance, warehouse rent or buy.
Copper + steel , stamped steel like in 1940s may work well\ as long as dont have to buy a central bank trainload/ towboat/barges load/LOL

 

[Scataphagos]

%%
LOL I though the FED was making a big mistake/miss-step selling silver.
Maybe not because hey have to buy so much+ storage insurance, warehouse rent or buy.
Copper + steel , stamped steel like in 1940s may work well\ as long as dont have to buy a central bank trainload/ towboat/barges load/LOL

The entire notion of "getting off the gold standard for money"... was partially based upon the notion we should "trust the government to do the right thing".... Well that was a HUGE F*N JOKE. It merely opened the door to fiscal/monetary abuse and greed. We're all the losers for having trusted the government (yet again), IOW... If we EVER trust the government to "do the right thing", we should instead just "bend over just bend over and grease up"

Just as Reagan said... "The government doesn't solve the problem... the Government IS the problem"!

 

[murray t turtle]

The entire notion of "getting off the gold standard for money"... was partially based upon the notion we should "trust the government to do the right thing".... Well that was a HUGE F*N JOKE. It merely opened the door to fiscal/monetary abuse and greed. ..... all the losers for having trusted the government (yet again),

Just as Reagan said... "The government doesn't solve the problem... the Government IS the problem"!

%%
LOL A small problem problem is yellow FDIC sticker shock in SVB $250 k. But the much bigger problem was woke=broke for SVB.
Gov Reagan /Pres Reagan did a lot of things right, silver dollars sells........
NOT sure Gov+ President should have agreed with / stamped so to speak stamped 1oz of silver Walkers=1$?LOL But stamping in metal 1oz silver =1$ [dollar] just proves not to buy all the gov is selling.
Looks like Canada has it more right /put Elizabeth on front of 1oz silver dollar + name it $5 dollars. LOL
RE /SPY/ DOW/Tech stocks have done so well in past 100 years;
traded some regional banks basket /ETFs .
ARE you sure Hank done it this way\ where do we take it from here?
Lord its the same old tune/ fiddle + guitars/ +not so much overpriced cars-
Waylon Jen.... + J Cash/ fiddle song.
>2,o77,888 video views.[i changed the car pattern in that song\LOL\less oil gas demand]

 

[easymon1]

 

[easymon1]

 

[piezoe]

Fundamentally, the root problems in Venezuelan economy, taken all together, are complex. They have one primary export product they can sell for dollars on the world stage. This amounts to almost the entirety of their exchange account resource. What they have done in response to this too-narrow productivity is internalize their economy, making it very difficult for the average Venezuelan to buy imported goods and making anything produced and sold internally that depends on imported parts or materials subject to hyperinflation with corresponding spill-off.

In the U.S. our concerns are different. The U.S. should not ignore the threat posed by slow inroads being made against the dollar as a reserve currency. That threat is real and will accelerate over time. The U.S. must plan for the inevitable, despite the tremendous advantages the dollar as a reserve currency still enjoys.

The U.S. of course has other concerns as well. Chief among them should be too high deficits not related to investment that can not be justified by productivity gains. Deficits for investment can almost always be justified so long as the don't cause money to enter the economy more rapidly then either the labor market or increased productivity can absorb without causing excessive inflation pressure. The latter is possibly a component of the current U.S. inflation, albeit a minor one.

 

[The_Krakenite]

"The government doesn't solve the problem... the Government IS the problem"!