Title: US Dollar hyperinflation Post by: FreedomCoin on May 01, 2015, 06:03:59 PM As most of know the us dollar has lost spending power ever since the Federal Reserve (A group of private banks) took over printing the dollar. With QE unlimited and no gold standard seems it will only get worse. Could the national debt have something to do with it?
Agentina is dealing with similar issues right now with their peso. It happened right before WW2 in Germany with the Weimar Republic and then 2008 with Zimbabwe. http://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe Whats stopping history from repeating itself by having another hyperinflation incident but this time with the US Dollar? Title: Re: US Dollar hyperinflation Post by: Spendulus on May 01, 2015, 08:07:48 PM As most of know the us dollar has lost spending power ever since the Federal Reserve (A group of private banks) took over printing the dollar. With QE unlimited and no gold standard seems it will only get worse. Could the national debt have something to do with it? It wasn't "right before ww2" it was 1920-1922.Agentina is dealing with similar issues right now with their peso. It happened right before WW2 in Germany with the Weimar Republic .... Whats stopping history from repeating itself by having another hyperinflation incident but this time with the US Dollar? What is likely preventing hyperinflation is the lack of full employment. Title: Re: US Dollar hyperinflation Post by: FreedomCoin on May 01, 2015, 08:09:13 PM As most of know the us dollar has lost spending power ever since the Federal Reserve (A group of private banks) took over printing the dollar. With QE unlimited and no gold standard seems it will only get worse. Could the national debt have something to do with it? It wasn't "right before ww2" it was 1920-1922.Agentina is dealing with similar issues right now with their peso. It happened right before WW2 in Germany with the Weimar Republic .... Whats stopping history from repeating itself by having another hyperinflation incident but this time with the US Dollar? What is likely preventing hyperinflation is the lack of full employment. Are you saying the GDP is correlated? more details please... Title: Re: US Dollar hyperinflation Post by: Chef Ramsay on May 01, 2015, 08:14:22 PM While I'm not saying it won't happen, currently and in past decades the prescription for debt and money printing has been that the USD stay the reserve currency of the world so the inflation can be exported overseas to those doing business in the default reserve currency. This is why some wars have been fought because certain country's leaders were attempting to opt to do trade in something besides USD. If and when all that money comes back home, you'll see this kind of inflation.
Title: Re: US Dollar hyperinflation Post by: Spendulus on May 01, 2015, 10:20:53 PM As most of know the us dollar has lost spending power ever since the Federal Reserve (A group of private banks) took over printing the dollar. With QE unlimited and no gold standard seems it will only get worse. Could the national debt have something to do with it? It wasn't "right before ww2" it was 1920-1922.Agentina is dealing with similar issues right now with their peso. It happened right before WW2 in Germany with the Weimar Republic .... Whats stopping history from repeating itself by having another hyperinflation incident but this time with the US Dollar? What is likely preventing hyperinflation is the lack of full employment. Are you saying the GDP is correlated? more details please... Title: Re: US Dollar hyperinflation Post by: chmod755 on May 01, 2015, 11:48:04 PM I don't see it happening any time soon - maybe in Russia or Iceland, but not in the US.
Title: Re: US Dollar hyperinflation Post by: scryptasicminer on May 02, 2015, 04:52:32 AM I don't see it happening any time soon - maybe in Russia or Iceland, but not in the US. Slow corrosion in the value of dollar, losing 2-5% a year over 10-30 years can still be a big problem. Title: Re: US Dollar hyperinflation Post by: FreedomCoin on May 02, 2015, 09:50:46 AM As most of know the us dollar has lost spending power ever since the Federal Reserve (A group of private banks) took over printing the dollar. With QE unlimited and no gold standard seems it will only get worse. Could the national debt have something to do with it? It wasn't "right before ww2" it was 1920-1922.Agentina is dealing with similar issues right now with their peso. It happened right before WW2 in Germany with the Weimar Republic .... Whats stopping history from repeating itself by having another hyperinflation incident but this time with the US Dollar? What is likely preventing hyperinflation is the lack of full employment. Are you saying the GDP is correlated? more details please... Hmm, so if more people were employed or self employed more money would be in the market.. making it worth less, causing inflation to speed up? Title: Re: US Dollar hyperinflation Post by: Spendulus on May 03, 2015, 04:11:18 AM As most of know the us dollar has lost spending power ever since the Federal Reserve (A group of private banks) took over printing the dollar. With QE unlimited and no gold standard seems it will only get worse. Could the national debt have something to do with it? It wasn't "right before ww2" it was 1920-1922.Agentina is dealing with similar issues right now with their peso. It happened right before WW2 in Germany with the Weimar Republic .... Whats stopping history from repeating itself by having another hyperinflation incident but this time with the US Dollar? What is likely preventing hyperinflation is the lack of full employment. Are you saying the GDP is correlated? more details please... Hmm, so if more people were employed or self employed more money would be in the market.. making it worth less, causing inflation to speed up? Title: Re: US Dollar hyperinflation Post by: peeveepee on May 03, 2015, 05:34:12 AM As most of know the us dollar has lost spending power ever since the Federal Reserve (A group of private banks) took over printing the dollar. With QE unlimited and no gold standard seems it will only get worse. Could the national debt have something to do with it? Agentina is dealing with similar issues right now with their peso. It happened right before WW2 in Germany with the Weimar Republic and then 2008 with Zimbabwe. http://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe Whats stopping history from repeating itself by having another hyperinflation incident but this time with the US Dollar? It will not happen as oil is price in USD. Don't forget the production and service from China and India is price in USD also. Title: Re: US Dollar hyperinflation Post by: Snail2 on May 03, 2015, 02:38:32 PM It will not happen as oil is price in USD. Don't forget the production and service from China and India is price in USD also. The BRICS and especially Russia working hard on (at least partially) breaking this circle and trade in local currencies. So in the future we can see some interesting developments. Title: Re: US Dollar hyperinflation Post by: kaybb02 on May 03, 2015, 02:46:43 PM As most of know the us dollar has lost spending power ever since the Federal Reserve (A group of private banks) took over printing the dollar. With QE unlimited and no gold standard seems it will only get worse. Could the national debt have something to do with it? Agentina is dealing with similar issues right now with their peso. It happened right before WW2 in Germany with the Weimar Republic and then 2008 with Zimbabwe. http://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe Whats stopping history from repeating itself by having another hyperinflation incident but this time with the US Dollar? We will see some hyperinflation in the next two decades. Title: Re: US Dollar hyperinflation Post by: Spendulus on May 03, 2015, 03:55:46 PM As most of know the us dollar has lost spending power ever since the Federal Reserve (A group of private banks) took over printing the dollar. With QE unlimited and no gold standard seems it will only get worse. Could the national debt have something to do with it? Agentina is dealing with similar issues right now with their peso. It happened right before WW2 in Germany with the Weimar Republic and then 2008 with Zimbabwe. http://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe Whats stopping history from repeating itself by having another hyperinflation incident but this time with the US Dollar? We will see some hyperinflation in the next two decades. Title: Re: US Dollar hyperinflation Post by: unpure on May 03, 2015, 04:12:55 PM As most of know the us dollar has lost spending power ever since the Federal Reserve (A group of private banks) took over printing the dollar. With QE unlimited and no gold standard seems it will only get worse. Could the national debt have something to do with it? Agentina is dealing with similar issues right now with their peso. It happened right before WW2 in Germany with the Weimar Republic and then 2008 with Zimbabwe. http://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe Whats stopping history from repeating itself by having another hyperinflation incident but this time with the US Dollar? We will see some hyperinflation in the next two decades. Politicians who are responsible for it will be long gone by then. Title: Re: US Dollar hyperinflation Post by: Hawker on May 03, 2015, 09:25:53 PM As most of know the us dollar has lost spending power ever since the Federal Reserve (A group of private banks) took over printing the dollar. With QE unlimited and no gold standard seems it will only get worse. Could the national debt have something to do with it? Agentina is dealing with similar issues right now with their peso. It happened right before WW2 in Germany with the Weimar Republic and then 2008 with Zimbabwe. http://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe Whats stopping history from repeating itself by having another hyperinflation incident but this time with the US Dollar? Both the German government in the 20s and the Zimbabwe government made policy decisions to allow hyperinflation. When they achieved their aims, they made policy decisions to end hyperinflation. If the US decides that hyperinflation suits its interests, the exact same process will repeat itself. Of course it would be very sad for the Chinese and other governments that have purchased US bonds but they are free agents and have chosen to accept the risk. Title: Re: US Dollar hyperinflation Post by: FreedomCoin on May 04, 2015, 02:00:41 PM As most of know the us dollar has lost spending power ever since the Federal Reserve (A group of private banks) took over printing the dollar. With QE unlimited and no gold standard seems it will only get worse. Could the national debt have something to do with it? Agentina is dealing with similar issues right now with their peso. It happened right before WW2 in Germany with the Weimar Republic and then 2008 with Zimbabwe. http://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe Whats stopping history from repeating itself by having another hyperinflation incident but this time with the US Dollar? We will see some hyperinflation in the next two decades. It is very possible as mass selling of dollars or other fiat for bitcoin will lower the value of the fiat, but i think at the moment (between now and the next couple years) we are in need of a fiat currency collapse being hyperinflation or otherwise to see the price of BTC shoot up. As the only major adoption right now is large companies accepting btc. But then they exchange the BTC for USD right away lowering BTCs value. So even though theres more acceptable of BTC we need people to hold it and not sell it. Title: Re: US Dollar hyperinflation Post by: username18333 on May 05, 2015, 04:36:26 AM While I'm not saying it won't happen, currently and in past decades the prescription for debt and money printing has been that the USD stay the reserve currency of the world so the inflation can be exported overseas to those doing business in the default reserve currency. This is why some wars have been fought because certain countr[ies'] leaders were attempting to opt to do trade in something besides USD. If and when all that money comes back home, you'll see this kind of inflation. (Your post hasn't been addressed [after >10 posts]: you're treading into the proverbial "deeps waters." :-X) |