Hyper Inflation

[AeWingnut]

I am concerned that hyper inflation is right around the corner. How would you protect yourself against it?

[gales0678]

Originally Posted by AeWingnut

I am concerned that hyper inflation is right around the corner. How would you protect yourself against it?

gold ? gold and gold?

[Danzig]

get a new air gauge?

[dellinger63]

Buy rental properties now and learn spanish

[AeWingnut]

Originally Posted by gales0678

gold ? gold and gold?

been buying silver but I don't know if that will be enough
Just trying to remember what was the hot ticket items the last time Jimmy Carter was president

[hi_im_god]

where do you see evidence of inflation, much less hyper inflation?

i see prices falling and people losing jobs.

Originally Posted by AeWingnut

I am concerned that hyper inflation is right around the corner. How would you protect yourself against it?

Impale myself with an ice pick to release all the hot air?

Talked to a friend last night who is also worried
this is in the future. I dont totally understand
why other than pumping a lot of printed cash
into the system has caused this in other countries.
The economic strutures are very diff. though, so I
dont totally get it either.

[timmgirvan]

Originally Posted by AeWingnut

been buying silver but I don't know if that will be enough
Just trying to remember what was the hot ticket items the last time Jimmy Carter was president

Gasoline?

[AeWingnut]

Originally Posted by hi_im_god

where do you see evidence of inflation, much less hyper inflation?

i see prices falling and people losing jobs.

we've been having inflation for a while. they changed how it is measured.
the sign I see for hyper inflation is about $1 Trillion in size

[timmgirvan]

Originally Posted by AeWingnut

we've been having inflation for a while. they changed how it is measured.
the sign I see for hyper inflation is about $1 Trillion in size

Don't tell me Washington is cooking the books.....or is it 3-D glasses?

[hi_im_god]

Originally Posted by AeWingnut

we've been having inflation for a while. they changed how it is measured.
the sign I see for hyper inflation is about $1 Trillion in size

there's 1 cylinder firing in the economy right now and it's the government.

spending a trillion dollars might be inflationary in a healthy economy but we have anything but that.

i look around at depressed housing, energy, and food prices, a continuing credit problem and manufacturers unable to give product away along with hundreds of thousands more unemployed every month and i think we need to be worried about a deflation cycle.

you know nobody outside the government is spending now, right? how are we going to have inflation if no one will buy anything?

[Danzig]

just read yesterday about banks that have money to lend, but no one wants to borrow....savings higher than it has been in years. THAT is the problem here. if you sit on your money, no new jobs-loss of more jobs that exist right now. those with true means to create jobs (other than the govt-and most of the 'stimulus' package was giveaways, that won't create jobs) aren't even making the attempt right now.
it's a waiting game. everyone is waiting for things to change-but until some in the private sector with the wherewithal to make REAL changes do so, we'll continue to do bad, or worse.

we've always come out of a recession, i don't see why this one will be any different. it's just a matter of how bad it gets, and how long it takes to start moving in the right direction. but it will happen, hopefully sooner rather than later.

Originally Posted by Danzig

just read yesterday about banks that have money to lend, but no one wants to borrow....savings higher than it has been in years. THAT is the problem here. if you sit on your money, no new jobs-loss of more jobs that exist right now. those with true means to create jobs (other than the govt-and most of the 'stimulus' package was giveaways, that won't create jobs) aren't even making the attempt right now.
it's a waiting game. everyone is waiting for things to change-but until some in the private sector with the wherewithal to make REAL changes do so, we'll continue to do bad, or worse.

we've always come out of a recession, i don't see why this one will be any different. it's just a matter of how bad it gets, and how long it takes to start moving in the right direction. but it will happen, hopefully sooner rather than later.

Some banks around here want outrageous interest rates even for people with good credit, collateral, and jobs. Guess it varies.

Originally Posted by AeWingnut

we've been having inflation for a while. they changed how it is measured.
the sign I see for hyper inflation is about $1 Trillion in size

I read some deal about relying too heavily on the cost
of big durable goods as opposed to food items etc...
to determine a # for inflation.

[dellinger63]

Originally Posted by timmgirvan

Gasoline?

as far a Jimmy Carter is concerned buy junk cars and make sure you have the same amount of license plates ending in even and odd numbers then sit and wait for rations to kick in?


still think amnesty for illegals is coming so buy up flop house like apartments and fill em up. 10 illegals X $100/mo = Better yet charge $50/week and tell em it's a deal. Let's all get on board with the HOPE!

[AeWingnut]

clean out your inbox dellinger

[dellinger63]

Originally Posted by AeWingnut

clean out your inbox dellinger

I got it but will clear it out nonetheless

[Cannon Shell]

Originally Posted by hi_im_god

where do you see evidence of inflation, much less hyper inflation?

i see prices falling and people losing jobs.

Quick economic lesson.
Govt spends money it doesnt have.
Prints more money to cover.
More money in circulation means dollar worth less.
Dollar is worth less means must use more to buy items.
so prices go up in regards to needing more dollars to buy.
hence you have inflation.

Of course you will counter with some obscure reference but the fact remains that the US imports lots of things and many of those products will still be cheaper being imported with inflation that created here due to high corporate taxation and unions.

But of course you knew that and supported the new "stimlus" package anyway. You know the one with the huge concessions to big labor and punishments for corporations....

[Cannon Shell]

Originally Posted by Danzig

just read yesterday about banks that have money to lend, but no one wants to borrow....savings higher than it has been in years. THAT is the problem here. if you sit on your money, no new jobs-loss of more jobs that exist right now. those with true means to create jobs (other than the govt-and most of the 'stimulus' package was giveaways, that won't create jobs) aren't even making the attempt right now.
it's a waiting game. everyone is waiting for things to change-but until some in the private sector with the wherewithal to make REAL changes do so, we'll continue to do bad, or worse.

we've always come out of a recession, i don't see why this one will be any different. it's just a matter of how bad it gets, and how long it takes to start moving in the right direction. but it will happen, hopefully sooner rather than later.

This isnt exactly true. The govt (which is to blame for much of the core banking problems via Fannie Mae and Freddy Mac and their support of the lending to unqualified groups and individuals for political reasons) has imposed draconian rules and regulations on banks and the banks simply are afraid of them and quite frankly as i was told by a banker this week, arent completely sure what the bank rgulators want. So they are being very cautious with lending and are imposing harsh terms on the consumer in order to be in compliance. Banks dont make money unless they lend.

[Danzig]

Originally Posted by Cannon Shell

This isnt exactly true. The govt (which is to blame for much of the core banking problems via Fannie Mae and Freddy Mac and their support of the lending to unqualified groups and individuals for political reasons) has imposed draconian rules and regulations on banks and the banks simply are afraid of them and quite frankly as i was told by a banker this week, arent completely sure what the bank rgulators want. So they are being very cautious with lending and are imposing harsh terms on the consumer in order to be in compliance. Banks dont make money unless they lend.

it was an article about banks here in arkansas. i have no idea if what they're seeing here is a nationwide phenomenon. i doubt they have lending here on a scale of what's really needed at this point anyway.