Hyperinflation Thread

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Re: Hyperinflation Thread

Postby Laura » Fri Feb 09, 2018 1:03 pm » Google Chrome 60.0.311 Google Chrome 60.0.311  Windows NT Windows NT  Screen Resolution: 1280 x 800 1280 x 800

Pixel8r » Thu Feb 08, 2018 9:22 pm wrote:
Laura » Thu Feb 08, 2018 3:43 pm wrote:How much are they in the uk? Probably more than that each,

Worse :(

Amuse yourself by reading the comments!

https://www.waitrose.com/ecom/products/ ... 5409-45410


:evil:

The Mexican ones are so juicy.

So, having bought this firesale Glasgow West end penthouse for buttons in a couple of years, (assuming the EAs will have given up with the ten year drip-feed of empty ones), I will be fuming over the disproportionate cost of everything else!
Sai Baba, when asked the question "What is the purpose of physical life?" responded: "To learn not to do it again."
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Re: Hyperinflation Thread

Postby Pixel8r » Mon Feb 12, 2018 8:22 am » Safari 11.0.2 Safari 11.0.2  Mac OS X Mac OS X  Screen Resolution: 2560 x 1440 2560 x 1440

4 times the debt in the decade since the great financial crisis. Glad that our trusted governments and central banks have managed to create this recovery and stop us from having to deal with that pesky reality stuff.

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Re: Hyperinflation Thread

Postby Pixel8r » Fri Mar 16, 2018 7:02 pm » Safari 11.0.3 Safari 11.0.3  Mac OS X Mac OS X  Screen Resolution: 2560 x 1440 2560 x 1440

Watch on youtube.com
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Re: Hyperinflation Thread

Postby d2thdr » Wed Apr 18, 2018 1:08 pm » Firefox 59.0 64 bits Firefox 59.0 64 bits  Windows NT 64 bits Windows NT 64 bits  Screen Resolution: 1366 x 768 1366 x 768

Pixel8r » Mon Feb 12, 2018 8:22 am wrote:4 times the debt in the decade since the great financial crisis. Glad that our trusted governments and central banks have managed to create this recovery and stop us from having to deal with that pesky reality stuff.

Image


As someone smarter than me has said- we are already hyperinflated technically. What we are awaiting is palliative printing.
In the world today there are only three assets, gold, oil and currencies. The paper currencies, so long admired and accepted are now in a war of self destruction. They will consume each other in an end battle of "I'm the last man standing but have lost all use as a unit of value".
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Re: Hyperinflation Thread

Postby Pixel8r » Wed Jun 27, 2018 8:20 am » Safari 11.1 Safari 11.1  Mac OS X Mac OS X  Screen Resolution: 2560 x 1440 2560 x 1440

It was often said that the hyperinflation would start when all the dollars held abroad started to come home. Last week Russia sold half of it's UST holdings and also we have had Trump's tax reform which is encouraging US companies to bring cash held overseas back.

Could this be the start of things? I suspect that things will really kick off as China starts to unload some of their massive UST holdings, the other question running through my mind is, was this Russian disposal of UST a practice for China.

American money flowing back into America

Despite President Trump's tit-for-tat trade barbs, America’s CEOs are not wasting anytime in taking advantage of his tax reform plan. Over $300 billion was repatriated to the U.S. in the first quarter, according to the Bureau of Economic Analysis (BEA) -- the most on record...
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Re: Hyperinflation Thread

Postby Pixel8r » Mon Aug 20, 2018 8:09 pm » Safari 11.1.2 Safari 11.1.2  Mac OS X Mac OS X  Screen Resolution: 2560 x 1440 2560 x 1440

Where next?

Venezuela Slashes 5 Zeros From Currency In "One Of Greatest Devaluations Ever"

As previewed yesterday, on Monday Venezuela officially slashed five zeros from prices and its currency as part of what has been dubbed one of the greatest currency devaluations in history which slashed the value of the official bolivar by 95%, an overhaul that President Nicolas Maduro said would tame hyperinflation, and which everyone else called the latest desperate failed socialist policy that will push the chaotic country deeper into crisis and unleash even higher hyperinflation (impossible as that may sound: as a reminder the collapse of Venezuela's currency recently surpassed the Weimar republic)...
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Re: Hyperinflation Thread

Postby Pixel8r » Sat Sep 01, 2018 8:25 pm » Safari 11.1.2 Safari 11.1.2  Mac OS X Mac OS X  Screen Resolution: 2560 x 1440 2560 x 1440

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Re: Hyperinflation Thread

Postby Pixel8r » Wed Sep 19, 2018 4:02 pm » Safari 11.1.2 Safari 11.1.2  Mac OS X Mac OS X  Screen Resolution: 2560 x 1440 2560 x 1440

Socialism Is So Bad For Economies That A Video Game’s Currency Is Now Worth Astoundingly More Than Venezuela’s

Per Google, one U.S. dollar is worth 68,915 bolivar.

Compare that to the price of WoW tokens, official in-game credits that can be used to extend a player’s play time or buy in-game items. Tokens can be bought with either $20 real world cash or sold for a fluctuating amount of in-game gold. One tracking service lists the current gold price of a token as 203,035 pieces. That works out to about 10,152 gold gaming pieces per USD.

By those calculations, World of Warcraft virtual gold would be worth 6.8 times as much as the bolivar.

If you factor in the black market rate of the bolivar, though, the difference is even more staggering. Dolar Today, which tracks the black market rate of the bolivar, seems to say the currency’s current value is 636,771.03 per U.S. dollar.

By that figure, WoW gold would be worth nearly 62 times as much as Venezuela’s official currency.
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