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Thread: Hyperinflation Special Report

  1. #1

    Default Hyperinflation Special Report

    HYPERINFLATION SPECIAL REPORT (UPDATE 2010)



    Commentary Number 263
    December 2, 2009
    Copyright 2009 Shadow Government Statistics

    __________

    Economy and Financial System Face Eventual Great Collapse
    Government and Fed Actions Have Narrowed Hyperinflationary Great Depression
    Timing to Next Five Years
    High Risk of Ultimate Dollar Crisis Unfolding in Year Ahead

    __________

    Overview

    A Great Collapse. The U.S. economic and systemic solvency crises of the last two years are just precursors to a Great Collapse: a hyperinflationary great depression. Such will reflect a complete collapse in the purchasing power of the U.S. dollar, a collapse in the normal stream of U.S. commercial and economic activity, a collapse in the U.S. financial system as we know it, and a likely realignment of the U.S. political environment. The current U.S. financial markets, financial system and economy remain highly unstable and vulnerable to unexpected shocks. The Federal Reserve is dedicated to preventing deflation, to debasing the U.S. dollar. The results of those efforts are being seen in tentative selling pressures against the U.S. currency and in the rallying price of gold.

    The balance of this special report is broken into the following sections:
    • Defining the Components of a Hyperinflationary Great Depression (page 5)
    • Two Examples of Hyperinflation (page 7)
    • Current Economic and Inflation Conditions in the United States (page 11)
    • Historical U.S. Inflation: Why Hyperinflation Instead of Deflation (page 19)
    • U.S. Government Cannot Cover Existing Obligations (page 28)
    • Hyperinflationary Great Depression (page 32)
    • Closing Comments (page 36)

    FULL TEXT - http://www.rickackerman.com/wp-conte...ation-2010.pdf

  2. #2

    Default

    From the report:

    The cumulative devaluation of the Zimbabwe dollar was such that a stack of 100,000,000,000,000,000,000,000,000 (26 zeros) two dollar bills (if they were printed) in the peak hyperinflation would have been needed to equal in value what a single original Zimbabwe two-dollar bill of 1978 had been worth. Such a pile of bills literally would be light years high, stretching from the Earth to the Andromeda Galaxy.



  3. #3
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    Quote Originally Posted by Pelerus View Post
    From the report:

    The cumulative devaluation of the Zimbabwe dollar was such that a stack of 100,000,000,000,000,000,000,000,000 (26 zeros) two dollar bills (if they were printed) in the peak hyperinflation would have been needed to equal in value what a single original Zimbabwe two-dollar bill of 1978 had been worth. Such a pile of bills literally would be light years high, stretching from the Earth to the Andromeda Galaxy.


    You you're saying I can't take delivery of physical two dollar Zimbabwe bills?
    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

  4. #4

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    And besides, what's that Zimbabwe funny money have to do with us?
    This is America - we bailed our banks out so we wouldn't need to deal with any that funny sh*t. zg
    "The dogs bark but the caravan moves on."
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  5. #5

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    Quote Originally Posted by aslan View Post
    You you're saying I can't take delivery of physical two dollar Zimbabwe bills?
    Sure you can, but delivery is made at the other end of the pile, in the Andromeda Galaxy. Have a nice trip.

  6. #6

    Default Any hyperinflationary claims have is likely moot

    We would have been seeing signs of it already. The fact that inflation has been tamer than what many expected and with the Feds soon to start raising interest rates, I'm not sure that the threat is as great as once feared.

  7. #7

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    Quote Originally Posted by Thunder View Post
    We would have been seeing signs of it already. The fact that inflation has been tamer than what many expected and with the Feds soon to start raising interest rates, I'm not sure that the threat is as great as once feared.
    You ain't seen nothing yet. zg

    See also - World Terminal Hyperinflation
    Last edited by zengrifter; December 15th, 2009 at 11:58 PM.
    "The dogs bark but the caravan moves on."
    .....................The Zengrifter Interview (PDF) |
    The Zengrifter / James Grosjean Reputation Debate
    -----------------------------------------
    “Truth, like gold, is obtained not by growth, but by washing away all that is not gold.” — Leo Tolstoy........
    "Is everything a conspiracy? No, just the important stuff." ZG

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    Quote Originally Posted by Pelerus View Post
    Sure you can, but delivery is made at the other end of the pile, in the Andromeda Galaxy. Have a nice trip.
    I assume you meant bills laid out side by side and not piled up on their flat side. Don't forget, too, that there can be multiple piles. A billion one dollar bills is 63 miles high, for example. So that would be 63 one mile high piles, or 16,632 twenty foot high piles. An if they were two dollar bills, that would cut it in half to only 8,316 twenty foot hign piles. Heck you could put that in a warehouse, forget about outer space.

    Heck, that's only 831,600,000,000,000,000,000 one story warehouses, or 415,800,000,000,000,000 twenty story warehouses, to accommodate the original Zimbabwe two dollar pile. Increase the floor size twenty times and we're only talking 20.79 quadrillion dollars. Now I feel like I'm starting to get my hands around it!
    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

  9. #9

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    Quote Originally Posted by zengrifter View Post
    You ain't seen nothing yet. zg

    See also - World Terminal Hyperinflation

    ......Larouche Triple Collapse Curve
    Zg, that graphic does nothing to back up your claim.

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    Quote Originally Posted by Thunder View Post
    Zg, that graphic does nothing to back up your claim.
    Leave it to you. You had to go and read it! Party pooper.
    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

  11. #11

    Default

    Sorry sorry. I'm just a bad bad man!

  12. #12

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    Quote Originally Posted by Thunder View Post
    Zg, that graphic does nothing to back up your claim.
    Its similar to the graph that shows the M-1 and M-3 money supply going into hyperdrive. The Larouche Triple Collapse Curve shows the collapse of the physical economy even as the paper economy is roaring (remember the roaring 20s?) - the physical economic activity that actually supports the survival of society is collapsing at an accelerating rate. zg

    See - World System on Weimar Collapse Curve (PDF 3-pages)

    Last edited by zengrifter; December 16th, 2009 at 12:04 AM.
    "The dogs bark but the caravan moves on."
    .....................The Zengrifter Interview (PDF) |
    The Zengrifter / James Grosjean Reputation Debate
    -----------------------------------------
    “Truth, like gold, is obtained not by growth, but by washing away all that is not gold.” — Leo Tolstoy........
    "Is everything a conspiracy? No, just the important stuff." ZG

  13. #13

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    From - More Reasons Why Deflation Will Rule

    Hyperinflation ‘Eventually’

    We should mention that although we agree a hyperinflation in the U.S. is all but inevitable, we have no patience for generic predictions that say only that it will occur at some time in the future. Of course it will. It absolutely must, since the U.S. is far, far deeper in hock than the taxpayers can ever repay with real money. But that is not the point. The more immediate and crucial concern, practically speaking, is whether a hyperinflation will be launched in time to bail out the 80 million or more homeowners who eventually will be underwater on their mortgages. Looking at TARP and all of the other bank-friendly bailouts that have been tried so far, we have strong doubts that property owners are about to be saved by a screw-the-lenders uprising on Capitol Hill; moreover, we doubt that the beginning of a hyperinflation spiral is even imminent. Whatever happens, hyperinflation will not come by accident; it can only occur as a result of a deliberate political decision. Anyone who argues or believes otherwise, or who thinks “helicopter money” is forthcoming, should read Adam Fergusson’s When Money Dies: The Nightmare of the Weimar Collapse. We’ll lay odds that not one inflationist in a hundred could explain how all of that German printing-press money actually found its way into the consumer economy. But this book explains it in detail, and when you understand how the Germans did it, you will understand why we cannot – at least, not without the legal and political mechanisms that were in place in Germany in 1921, such as the statute that permitted certain large employers and local authorities to issue their own scrip. This provision alone helped kick the Weimar hyperinflation into high gear when the government’s currency-printers went on strike in the summer of 1922.
    "The dogs bark but the caravan moves on."
    .....................The Zengrifter Interview (PDF) |
    The Zengrifter / James Grosjean Reputation Debate
    -----------------------------------------
    “Truth, like gold, is obtained not by growth, but by washing away all that is not gold.” — Leo Tolstoy........
    "Is everything a conspiracy? No, just the important stuff." ZG

  14. #14
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    I used to enjoy the false notion that the great Depression could not happen again because men in their wisdom had learned from their past mistakes and would never let it happen again. Oh, the many joys of ignorant youth! Oh, what a high pedestal on which I had poised mankind, only to find him scurrying about the gutter and sewer looking for a dropped ort of bread.
    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

  15. #15

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    Quote Originally Posted by zengrifter View Post
    Its similar to the graph that shows the M-1 and M-3 money supply going into hyperdrive. The Larouche Triple Collapse Curve shows the collapse of the physical economy even as the paper economy is roaring (remember the roaring 20s?) - the physical economic activity that actually supports the survival of society is collapsing at an accelerating rate. zg

    See - World System on Weimar Collapse Curve (PDF 3-pages)

    There's one major problem though with what you're posting The physical economic activity isn't collapsing at an accelerating rate. If anything it's stabilizing or even slowly starting to increase. That graph does not represent actual data. Once the jobs start increasing, you'll see them raise interest rates to combat inflation. Unfortunately, the feds seem more interested in core inflation than inflation that takes into account oil and food prices.

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