ECON Hyperinflation coming this fall? Info from a friend

Truthsearch

Doom is ALWAYS 6 Months Away...
Have a friend who has worked in a money-type business for a couple of decades now. We got to talking about everything that is going on in the USA economically right now, and he warned that the civil unrest we have seen so far will be nothing compared to what is coming. I asked him what he meant and he went into an explanation of how the Fed is printing lots of money and hyperinflation is going to hit hard this fall. Basically, we have a small window of time this summer before our dollar loses a lot of its purchasing power. Take it for what you will.
 

Terrwyn

Veteran Member
Surprised it hasn't kicked in already.

If your treasure is here on earth, prepare to see it go....
This is off subject but everytime I see your name I am reminded of the Irish Famine song Field of Anthenry by Glen and Ronin. It has Freebird in it.
 

mikeabn

Finally not a lurker!
Well, one would think, but I've been hearing that since 1978. Inflation, yes, and serious, but hyperinflation hasn't happened.
 

hiwall

Veteran Member
It would seem that all the money printing would start hyperinflation, that would be logical result.
But many of us thought that when the Fed did all the money printing about 8-10 years ago.

So why didn't it start hyperinflation then? Because just like now every country was printing money as fast as they could.

Will we get hyperinflation? It sure is very very likely. But the question is when. It could be this fall/winter or next spring/summer or sometime later.
Does it matter when it happens? Well the later it happens the longer time we all have to prep up.
You all are taking advantage of this grace period we have right now, right?
 

Troke

TB Fanatic
Yes, whether it's a second wave of the beer virus or economic problems, it pays to get supplies now while the getting is good.
Wage and price controls and eventually allocation of scarce resources. Energy will be one those in short supply once we go GREEN. Energy will be only for those items socially useful. Guns and ammo will not be.
 

Coco82919

Veteran Member
Have a friend who has worked in a money-type business for a couple of decades now. We got to talking about everything that is going on in the USA economically right now, and he warned that the civil unrest we have seen so far will be nothing compared to what is coming. I asked him what he meant and he went into an explanation of how the Fed is printing lots of money and hyperinflation is going to hit hard this fall. Basically, we have a small window of time this summer before our dollar loses a lot of its purchasing power. Take it for what you will.
Thanks.
 

jed turtle

a brother in the Lord
Water. That has been my weak link on my hilltop homestead, been making small ponds where I can, investing in gasoline water pumps to move water to the gardens. Water is life-and the means of fire suppression. If the rains don’t eventually come, all we have is wells, not enough for all the gardens. Then you have to survive on your food till the next growing season, and hope the rains return. There are some commodities at times more precious than money...
 

Voortrekker

Senior Member
Well, one would think, but I've been hearing that since 1978. Inflation, yes, and serious, but hyperinflation hasn't happened.
Well, let's see...1968 gasoline 34 cents per gallon, today and during the war years past $3.00 per gallon.
Bread 10 cents a loaf and today past $3 per loaf.
Hershey bar 10 cents a bar, today past $2 a bar.

Hyper in a gradual but increasingly progressive way. Prices haven't returned to 1968 levels of the economy.
 

West

Senior nut
We are seeing hyper mandated liability insurance. The China flu is a huge factor too in liability issues.
 

Squid

Veteran Member
What if all the printing is like dumping water into the ocean and then measuring for a change of depth?

Been looking around for a new dishwasher seeing lots showing out of stock or backordered. Asked the appliance salesman and said if it said backordered until mid August shouldn’t hold my breath it will actually be back in stock.

Point being we are still encountering Corona production supply issues, even if its made in USA if bunch of major components are made in China still impacted. Add to that a drop in shipping means it takes longer to fill the cargo container ship to transit to US.

Short term the free money and flexible financing for individuals and business is postponing the reckoning.

What if the free fed money feeding banks has no where to go? If banks won’t lend to inactive business and people can’t borrow or refinance because they are maxed out on credit or they can’t because the employment situation is hazy.

Some Scandinavian country I thought had negative mortgage rates and the banks couldn’t give away mortgages. At some point borrowing makes no realistic sense when you consider the ability to repay.

The fed is criticized for propping up big banks but what is the impact to the average person when the music stops.

You recently refinanced at what could be the top, had some time to add some additional credit card debt. What happens if housing falls even a meager 10% not the end of the world only since you may have cashed out any equity you now owe more than the house is worth, and you feel the squeeze of credit card interest and need $2,500 on an expiring car lease.... You are trapped.

I think we could see both inflation and deflation as we are whipsawed by shortages and massive price fluctuations both up and down depending on the level of necessity.

Next year you might find some near give aways as the cruise lines that survive with a smaller number of ships try to get people to cruise at any price to keep in business. Food will likely continue to increase in grocery store and for restaurants with increased costs all around (imho). Large ticket items could see disinflation as large number people have trouble finding money or credit for cars and appliances.
 

Dozdoats

On TB every waking moment

jazzy

Advocate Discernment
thank you for sharing what your friend said. i believe he is correct and we have a very short window to take care of business. its like God is giving us one big red flag warning after another.
 
Last edited:

pauldingbabe

The Great Cat
Could 90 trillion produce hyperinflation?

I read that title as ECON: skidmark.....

:xpnd:
 

Meemur

Voice on the Prairie
You recently refinanced at what could be the top, had some time to add some additional credit card debt. What happens if housing falls even a meager 10% not the end of the world only since you may have cashed out any equity you now owe more than the house is worth, and you feel the squeeze of credit card interest and need $2,500 on an expiring car lease.... You are trapped.
That is why:

- My house is paid off
- My car is paid off
- I have zero credit card debt
- I carry home, auto, and health insurance
- I keep up with my car and house maintenance
- I live below my means and save 30% (or more of my income)
- I'm rebuilding my pantry with items on sale
- Recently, I downsized my house and moved to an area with lower taxes and 98.5% white residents

Crap can still happen, but I've done my best not to be a victim or a slave to this economy or cultural fallout.
 

Texican

Live Free & Die Free.... God Freedom Country....
Water. That has been my weak link on my hilltop homestead, been making small ponds where I can, investing in gasoline water pumps to move water to the gardens. Water is life-and the means of fire suppression.
JT,

Propane will store better and you can store more than gasoline. Burns cleaner than gasoline.

Most equipment including pumps can be purchased as two fuel - gasoline/propane. For the engines that do not have propane, kits can be purchased to convert to propane.

Texican....
 

miscount

Member
The coins drying up could be a sign. The same amount of coins are out there as before. A lot of people out there are or were hurting. They rolled their change for ciggs. beer. lottery. food. and all the good stuff. Where did the change go? Lower income saves change for a rainy day in general. Spend it as needed.
 

ShadowMan

Crusty ol' Codger
....investing in gasoline water pumps to move water to the gardens. Water is life-and the means of fire suppression.
May I suggest that rather than using a fossil fuel to move water you might want to consider going SOLAR. No moving parts, no noise and life expectancy over 25 years for the power source. Actually early solar panels designed back in the 1960's are still functional. At a much lower rating....around 30% or so, but still functional.
 

JF&P

Veteran Member
Freeze Dried Food is my prep...and I am on a fresh water creek...
Additionally I am out in the country beyond the burbs...so even though I am relatively close to Portland...I am extremely well armed. My daughter and son-in-law just moved in with me and he has even more weapons than I do.

I'm as prepped as I ever will be.
 

jed turtle

a brother in the Lord
May I suggest that rather than using a fossil fuel to move water you might want to consider going SOLAR. No moving parts, no noise and life expectancy over 25 years for the power source. Actually early solar panels designed back in the 1960's are still functional. At a much lower rating....around 30% or so, but still functional.
Already off the grid for the last ten years...
the “ponds” are beyond the reach of my “grid”..
also want to pump a lot of water in a hurry (150 gallons/min) without Taking down the batteries. Not many around close enough to hear the engines either.
 

jed turtle

a brother in the Lord
JT,

Propane will store better and you can store more than gasoline. Burns cleaner than gasoline.

Most equipment including pumps can be purchased as two fuel - gasoline/propane. For the engines that do not have propane, kits can be purchased to convert to propane.

Texican....
Been preparing to run all engines off wood gas...
 

zeker

Veteran Member
. Food will likely continue to increase in grocery store and for restaurants with increased costs all around (imho).
talking to our local groc store owner

he mentioned his friend who drives milk delivery

the milk truck goes to all the reserves' variety stores around here

all the little variety stores usually take a cpl cases of milk each delivery

but now

with china virus shut down and reserves closed off

he now delivers 20ish cases to each store

buying local is having an effect
 

billet

Veteran Member
Well, let's see...1968 gasoline 34 cents per gallon, today and during the war years past $3.00 per gallon.
Bread 10 cents a loaf and today past $3 per loaf.
Hershey bar 10 cents a bar, today past $2 a bar.

Hyper in a gradual but increasingly progressive way. Prices haven't returned to 1968 levels of the economy.
True, only now, it's expected to speed up exponentially!
 

China Connection

TB Fanatic
Fall 2020

When is Fall 2020?
Fall 2020 starts on Tuesday, September 22, 2020 (in 84 days) and ends on Monday, December 21st 2020 (in 174 days). Calendar for 2020


What is Fall?
Fall colors. Photo: flickr.com/photos/hopvanphan/15862291544
Fall colors


Fall, usually called autumn outside of North America, is one of the four seasons that make up the year. It is the intervening period between the warmest time of the year, summer, and the coldest time of the year, winter.
 

Samuel Adams

Senior Member
Water. That has been my weak link on my hilltop homestead, been making small ponds where I can, investing in gasoline water pumps to move water to the gardens. Water is life-and the means of fire suppression. If the rains don’t eventually come, all we have is wells, not enough for all the gardens. Then you have to survive on your food till the next growing season, and hope the rains return. There are some commodities at times more precious than money...
If possible, launch an extensive composting operation, asap.

Well composted soils have skated us through some pretty vigorous droughts.

Heavy mulch, too....
 

Samuel Adams

Senior Member
That is why:

- My house is paid off
- My car is paid off
- I have zero credit card debt
- I carry home, auto, and health insurance
- I keep up with my car and house maintenance
- I live below my means and save 30% (or more of my income)
- I'm rebuilding my pantry with items on sale
- Recently, I downsized my house and moved to an area with lower taxes and 98.5% white residents
Are you available ? :)
 

Switchback

Veteran Member
In a lot of minds, hyperinflation will be the cause and cry for socialism. Everything seems to be feeding socialism creation now. The perfect dialectic conditions of satan's rule over this earth at this time. Not God's judgement but satan doing his thing.
Not many can afford gold right now either, certainly not the unemployed.
 

BassMan

Veteran Member
Hyperinflation is not a function of quantity of money, but the VELOCITY of money.

The problem is just exacerbated by an over-abundance.
VERY good observation on velocity!

Maybe deflation while most are awaiting a return of the “good old days” (V-shaped recovery), and inflation when the debt-bomb goes off, and people concede to the “new normal”?

Right now, money is not “changing hands” very much (low velocity). Normally, a dollar spent would circulate through many people (high velocity):
* You buy new tires.
* Tire store pays some bills.
* Businesses getting paid by tire store buys gas, and pays utilities.
* Gas station and utility employees go out to dinner.
* Restaurants pay taxes.
* ...and so on...
 
Last edited:

jed turtle

a brother in the Lord
If possible, launch an extensive composting operation, asap.

Well composted soils have skated us through some pretty vigorous droughts.

Heavy mulch, too....
I used up so much of the lawn by expanding the garden I no longer had enough lawn clippings to mulch the garden this year, so I started buying pine shavings by the bale which worked nicely, but somewhat expensive, and needed lots, so started raking leaves along the dirt roadside and shredding them under the lawn mower, but a slow dusty process, not fast enough for the process of protecting the garden under the drought conditions. but blessed rains for the last two days! Thankyou God!
 

raven

Veteran Member
does not matter if some economist defines it as inflation or deflation
the affect will be the same.
the supply of the things people need on a daily basis will decline and those prices will go up.
the supply of the things you can't afford will go up and those prices will go down as people are forced to sell in order to have money for the things they need.

for example, the price of meat will go way up
rice, beans, grain will remain affordable
people will live on chips and pizza
the price of homes will decline
used cars will go up
new cars will struggle and production will shift away from cheap new cars to expensive cars and vehicles used to produce income, like trucks and vans for people that have incomes - because even in the worst times, there are people working

it will be topsy turvy
 

shane

Has No Life - Lives on TB
Inflation is not about prices on goods going up, yes it can be seen as an effect same as supply/demand reasons,
but it's actually all about the purchasing power value of the money going down.

Monetary Inflation isn't about fewer products available, but much more a matter of too much money chasing them.

As dollars noticeably daily buy less, then you've got hyperinflation kicking in, where that paper $ becomes like a
'hot potato', where you want to quickly exchange them for anything of more lasting value before they buy even
less tomorrow. That's what drives the prices of everything up, cause everybody is spending all their dollars quick
as they can on anything/everything that'll better hold its value than paper money. Even if they have no need for it,
they'll scoop up anything of value that they might could barter with later. The prices on many things will blast up
crazily now that nobody is trying to save $ anymore and is, instead, eagerly spending it as quick as they can.

BTW, the three historically biggest hyperinflation's you can think of; Weimar Germany, Zimbabwe, Venezuela all
were preceded by they each having, just the year before, the #1 fastest growing stock market in the entire world.

A booming, record breaking, all-time high stock market here in the USA now, might be a whole lot more about way
too much easy money these days, with the inevitable curse of inflation coming up fast next, than anything else...

Panic Early, Beat the Rush!
- Shane
 
Last edited:
Top