Hyperinflation Doomsday? Wut?

[Pulse]

The Abandon Ship thread feels a little like...

I don't really believe in the hyperinflation doomsday scenario. I guess MAYBE if every worse-case scenario plays out, but I don't think the entire world is going to tell us to fuck off and die overnight.

We're part of a global economy, and therefore countries that rely on the U.S. to import goods (China, Mexico, Canada, Japan, etc.) also have a vested interest in the U.S. not collapsing.

The U.S. government will do anything to remain in power. If hyperinflation occurs and the people rise up out of desperation, the govt. will no longer retain power. These same govt. officials have the most powerful military this planet has ever seen at their disposal (hundreds of military bases worldwide, naval battle groups, drones, etc.). I don't think they'll sit idly by as the U.S. plunges into chaos.

It seems as if there will either be an artificial fix (diplomacy, bribes, threats, etc.) or war.

That being said, things may get more expensive and life may be less convenient for a time, but I think it's unrealistic to think you'll be hiding in your house trying to hoard food and shooting at your thieving neighbors.

Think about it. Right now, some dude is sitting at a control panel in a nuclear submarine somewhere. He's not there for the scenery; he's there to launch nuclear missiles in the event that the go-codes come through. Insane power.

 

[gimmedat]

We've got the CIA. Nuff' said.

 

[lukep]

Sooo... You started a new thread to mention that you disagreed with the premise of another thread?

:\

 

[Pulse]

Sooo... You started a new thread to mention that you disagreed with the premise of another thread?

:\

Not meaning to clutter, but the other thread is predominately filled with how shit is falling apart and people sharing survival tips...

 

[lukep]

Not meaning to clutter, but the other thread is predominately filled with how shit is falling apart and people sharing survival tips...

Yeah, I can see that. It's the survivalists though that should have made a new thread, not you. (Heh; says the guy who asked if anyone had written a good list of survival stuff. )

Anyway, your opinion of where it will go above meshes pretty well with what I'd say too. Things will definitely get more expensive but I think something like a good war (revolutionary or otherwise) should restore things back to a semi-normal state within a decade or three.

...I'm just not sticking around for that shit!

 

[Kiopa_Matt]

Ohhh, the US is definitely on the decline, but you're right, it's not going to be some overnight scenario. Americans aren't just going to wake up one day, and find themselves living in a Mad Max environment. And if anyone can't see the decline yet, you're so fucken blind, you might as well just trot yourself into a FEMA camp and offer your soul to the government.

Don't fool yourself though. The West is on the decline, whereas guys like China, Russia, India, and SE Asia are on the incline. You can expect that continue for at least several more years, if not far longer. Who knows...

The world's a changin'!

 

[geomark]

The challenge is to live well through it all. I think the take away from those threads is to keep your eyes open and have yourself positioned to minimize suffering, maybe even prosper, as the changes occur. I don't think you have to go all survivalist, just take a few tips from them so you aren't caught short. It doesn't take war or civil unrest to be thankful you did it. How about another Katrina, or Fukushima, major power outage, tsunami - those are the things people used to worry about. Now add dollar debasement, draconian new laws against US citizens, etc. - more reason than ever to have some backup plans in place. US city dwellers who aren't paying attention are going to suffer the most. People who live in villages in other countries probably won't even notice.

 

[steven32]

Thank you for sharing.

 

[SeoReborn]

hyperinflation wut? only happens in countries such as Zimbabwe, not USA, the country of dreams!

 

[IMSHERIFF]

People who believe the US will go into Hyper Inflation are fukin morons.

Debt to GDP isn't anywhere near, that stage yet. Actually US had less debt to GDP then most other advanced economies.

 

[geomark]

...fukin morons...

I do enjoy the irony

 

[dsiomtw]

I do enjoy the irony

Well he IS right

The US will destroy the entire planet before we give up power

What do you think all of these wars and invasions are for?

We are telling the world "fuck with us and this is what will happen to you"

 

[lukep]

Well he IS right

No, he is not.

The US will destroy the entire planet before we give up power

What do you think all of these wars and invasions are for?

We are telling the world "fuck with us and this is what will happen to you"

So how well exactly do you think we'll do in a war against:

Iran, China, Russia, India, South Africa, Brazil, AND Australia?

All of these countries have just signaled that they're going to stop using the USD as the WRC. We aren't going to get into such a war, obviously. So what's your plan b?

 

[schockergd]

hyperinflation wut? only happens in countries such as Zimbabwe, not USA, the country of dreams!

Germany was a 1st world nation prior to their period of hyperinflation.

Yugoslovia was pretty high on the totem pole as well prior to their hyperinflation.

 

[JakeStratham]

Will you play ball with the state, promoting Keynesian witchcraft?

Bernanke: You have to ask?
Paul: You have to ask?

 

[crackp0t]

I get so frustrated when I read posts that offer their "in depth" analysis of literally YEARS of research by some of the most prescient, intelligent men around today.

A couple of qualifications to speak on the matter in order to be taken seriously:

Did you predict the housing collapse?
Bernake: NO, didn't even see it coming.
Ron Paul: YES, in 2004

Investments up 500%?
Bernake: NO
Ron Paul: YES

Been consistently wrong?
Bernake: YES
Ron Paul: NO, consistently correct.
------------
That said, there are many others who study economics who side with Paul. Jim Rogers, Kyle Bass, Jim Grant.

But you don't have to be an economist to understand that we are in a global debt crisis and the politician's "answer" is to print more money. When have politicians ever been reputable and had the best interest of the nation at heart?
Oh right, well there is this one Congressman from Texas....

I'm not very intelligent when it comes to economics and I don't pretend to be, but even I could see the housing collapse was coming. I don't own a house for that very reason. To me to looked very similar to the tech bubble I had just gone through and even then (during the dot com boom) it didn't take a genius to figure out it was just a matter of time for that to explode.

I really think Bernake knew that it was coming, but he just didn't care or know what do it to fix it. So he and many others just stuck their heads in the sand and pretended like it wasn't a problem.

 

[guerilla]

I don't really believe in the hyperinflation doomsday scenario.

Can you explain to me how fractional reserve banking works?

 

[lukep]

I really think Bernake knew that it was coming, but he just didn't care or know what do it to fix it. So he and many others just stuck their heads in the sand and pretended like it wasn't a problem.

You're giving him too much credit. The way you say it he merely sounds ignorant or foolish.

Clearly he has a motive to drive the Fed the way he's been doing so. I don't pretend to know exactly who benefits the most and who's giving him his orders to do so, but his insistence to stick with "Keynesian witchcraft" puts him in a group of people with all of our recent presidents (I'd say since Nixon) that should ALL know that Keynesian economics don't really work but they still use it anyway.

Keyensian economics exist, in my opinion, solely as a good excuse for the masses to do things that would look fishy when you're supposed to be balancing a budget.

America won't be stupid enough for that excuse to work forever. (I hope!)

 

[Pulse]

Ohhh, the US is definitely on the decline, but you're right, it's not going to be some overnight scenario. Americans aren't just going to wake up one day, and find themselves living in a Mad Max environment. And if anyone can't see the decline yet, you're so fucken blind, you might as well just trot yourself into a FEMA camp and offer your soul to the government.

Don't fool yourself though. The West is on the decline, whereas guys like China, Russia, India, and SE Asia are on the incline. You can expect that continue for at least several more years, if not far longer. Who knows...

The world's a changin'!

I agree that the U.S. is in decline. Cultural values in the U.S. need to change. We need informed citizens, not brainless consumers. We need politicians who use common sense and intelligence to help their nation, not protect the profits of their buddies in big business. Right now we're stuck with bread and circuses.

hyperinflation wut? only happens in countries such as Zimbabwe, not USA, the country of dreams!

Germany was a 1st world nation prior to their period of hyperinflation.

Yugoslovia was pretty high on the totem pole as well prior to their hyperinflation.

None of the nations mentioned had or has the far-reaching power of the U.S..

I'm making an educated guess - I could be wrong. Predicting the future can be challenging.

So how well exactly do you think we'll do in a war against:

Iran, China, Russia, India, South Africa, Brazil, AND Australia?

All of these countries have just signaled that they're going to stop using the USD as the WRC. We aren't going to get into such a war, obviously. So what's your plan b?

What makes you so certain that we'd fight them all and at the same time? (WW3)

The last 3 countries would never dare rise against the U.S. alone... unless they didn't want to exist anymore.

Today: South Africa declares war on the U.S.
Tomorrow: South Africa is now the parking lot for Botswana

I get so frustrated when I read posts that offer their "in depth" analysis of literally YEARS of research by some of the most prescient, intelligent men around today.

What post are you reading? I don't seen any citations or claims of "in depth" analysis. I'm merely trying to think realistically and consider how events MAY play out.

You can preach doom and say that everything is going down because we're still printing money, but that doesn't change my argument.

Can you explain to me how fractional reserve banking works?

What's your point? I'm not arguing that the current system is sustainable, rather that the system will (hopefully) change gradually enough to allow for all of these fuckups... or WW3 will occur in our lifetimes.

America won't be stupid enough for that excuse to work forever. (I hope!)

The fate of this country depends on our generation. The older folks had their chance and they've clearly gotten it wrong.

Relax bros. I am not a prophet like guerilla , but these are interesting times.

TL;DR

 

[lose lose win]

You're giving him too much credit. The way you say it he merely sounds ignorant or foolish.

Clearly he has a motive to drive the Fed the way he's been doing so.

Exactly. You'd have to be completely ignorant to think good ole helicopter Ben was acting in ignorance and with good intentions. He knew the housing bubble would collapse.. He banked on it. Literally.

Lil tip for the sheeples... Bernake doesn't work for the U.S. Back in the days of the first and second banks of America, they were more out in the open about this, but their game has evolved since then.