Hyper inflation in the US - yes or no?

Discussion in 'Economics' started by David's faith, Jul 7, 2024.

Hyperinflation?

  1. For sure soon

    42.9%
  2. The fed got this, no hyperinflation coming

    57.1%
  1. Sergio123

    Sergio123


    The issue isn't the amount of deterioration to the USD thus far.

    The real issue is that there is no good path to straighten out the ship.

    The best way might be to leave JObamala in there for Act#2 and let things course correct but then there will be alot more risks on the geopolitical front.
     
    #31     Jul 8, 2024
  2. NoahA

    NoahA

    Nobody can fix the problem. The math just doesn't add up. The only way that debt is sustainable is with 0% interest rates, and that is not likely to happen. If they stay in the 4-5% range, the government can't afford the interest expense bill. The money has to be borrowed. Nobody is buying government debt, and too much already has to be rolled over, never mind all the newly issued bonds they need to get out there for the $2T deficit. So the Fed will have to monetize it, and that sends a signal to the world that the US is broke.

    Everything that worked in the past to get us here will not work anymore. The system badly wants a monetary reset, but the fight is on to figure out what the system will be. My bet is on Bitcoin.
     
    #32     Jul 8, 2024
  3. %%
    OK;
    but the price of salt,old Roman money has come down a lot.......
    Amazing how much salt a small amount of US $ buys @ WMT. Great seasoning still.
    I would like to see the old custom of paying taxes in salt resume LOL:D:D
     
    #33     Jul 8, 2024
    spy and MarkBrown like this.