"Hyperinflation is ALREADY here" - Moggio

[DEATH ROW JOE]

Latest numbers from the labor department show prices falling. Monthly CPI of -.4% is "hyperinflation" in the world where Zappa influences Mozart.

http://www.bls.gov/



Go ahead Moggio and explain to everyone how "hyperinflation is ALREADY here."



VS.

Dollars needed to buy ounce of gold

2012-10-01 $1747.011/OZ
2012-11-01 $1721.136/OZ
2012-12-01 $1688.529/OZ
2013-01-01 $1670.955/OZ
2013-02-01 $1627.588/OZ
2013-03-01 $1592.863/OZ
2013-04-01 $1485.083/OZ
2013-05-01 $1414.500/OZ

Better yet, simply sack up and admit you used a word you did not understand while defending a stupid comment from Ron Paul.

[Moggio]

Latest numbers from the labor department show prices falling. Monthly CPI of -.4% is "hyperinflation" in the world where Zappa influences Mozart.

http://www.bls.gov/



Go ahead Moggio and explain to everyone how "hyperinflation is ALREADY here."



VS.

Dollars needed to buy ounce of gold

2012-10-01 $1747.011/OZ
2012-11-01 $1721.136/OZ
2012-12-01 $1688.529/OZ
2013-01-01 $1670.955/OZ
2013-02-01 $1627.588/OZ
2013-03-01 $1592.863/OZ
2013-04-01 $1485.083/OZ
2013-05-01 $1414.500/OZ

Better yet, simply sack up and admit you used a word you did not understand while defending a stupid comment from Ron Paul.

I already explained how hyperinflation is here. Do you know how to read?!


Without further ado, BESTOWMENT #20...



...and the ARTIFICIAL recovery continues...

[DEATH ROW JOE]

I already explained how hyperinflation is here. Do you know how to read?!

Since hyperinflation is obviously not here, you could not have already explained how hyperinflation is here. Do you know how to think?

Moggio, why not sack up and simply admit you used a word you did not understand?

[CliffByford]

Hyperinflation? Like what happened in post-war Hungary, pre-Rentenmark Germany and modern-day Zimbabwe?

Monggolio, I know you're a fucking dunce with a limited grasp of economics but you're really working to outdo yourself here. I don't think you even understand the definition of the word, let alone the complexities behind the causes. Try and find a reputable economist who supports your theory.

Somewhere, a village is looking for its idiot.

[Moggio]

I already explained how hyperinflation is here. Do you know how to read?!

Since hyperinflation is obviously not here, you could not have already explained how hyperinflation is here. Do you know how to think?

Moggio, why not sack up and simply admit you used a word you did not understand?

Hyperinflation? Like what happened in post-war Hungary, pre-Rentenmark Germany and modern-day Zimbabwe?

Monggolio, I know you're a fucking dunce with a limited grasp of economics but you're really working to outdo yourself here. I don't think you even understand the definition of the word, let alone the complexities behind the causes. Try and find a reputable economist who supports your theory.

Somewhere, a village is looking for its idiot.

ONE. MORE. TIME. FOR. THE. WORLD.:

It is NOT possible to print $100 BILLION per month and not technically have hyperinflation. The ONLY reason why inflation is barely OFFICIALLY above 1% right now is because the Fed is ARTIFICIALLY manipulating the rate to prevent the Currency/Treasuries Bubble from bursting so we don't go into a Depression (which is a strategy that won't last very long). What part of that do you not understand, dipshits?

[DEATH ROW JOE]

ONE. MORE. TIME. FOR. THE. WORLD.:

It is NOT possible to print $100 BILLION per month and not technically have hyperinflation.

LMFAO, according to who? Find anyone other than a internet dumb ass on a message board who agrees with that definition of hyperinflation.

Moggio, it is possible for the Fed to print 100 billion a month and not have hyperinflation. Hyperinflation requires not only money printing but a constraint on production. Capacity utilization is 77% right now. Back in 97 it was 85%. There is no constraint on supply. In Zimbabwe there was a constraint on land. In Germany, they lost their industrial region to France as part of reparations. There is no constraint on supply in the US and no possibility of hyperinflation, or even high inflation.

Also, the Fed is not currently printing 100 billion a month. The precondition for your childish definition is not even met.

The ONLY reason why inflation is barely OFFICIALLY above 1% right now is because the Fed is ARTIFICIALLY manipulating the rate to prevent the Currency/Treasuries Bubble from bursting so we don't go into a Depression (which is a strategy that won't last very long). What part of that do you not understand, dipshits?

Nobody understands that Moggio because it makes no sense. If a treasury bubble collapsed, interest rates would go through the roof. Higher interest rates would restrict credit and the consequence would be disinflation or even deflation. That means a stronger dollar, not a currency collapse. A collapsing treasury bubble would not lead to hyperinflation or coincide with a currency collapse. Your storyline makes no economic sense. It's merely a list of a few bad economic events mashed together.

You're claiming the Fed is engaging in quantitative easing to contain hyperinflation and that once they stop buying bonds, the bond bubble will burst? The Fed is buying bonds to generate inflation, create demand in the economy, increase capacity utilization and reduced unemployment. They are not buying bonds to prevent a dollar collapse as you claim. In your backwards world, the Fed generates inflation by restricting credit.

In what sense is there a currency bubble? A bubble relative to what? Other currencies? The dollar is basically where it was in April 2007 when the Fed Funds rate was 5.25%.

Price-adjusted Major Currencies Dollar Index -- Monthly Index
http://www.federalreserve.gov/releases/ ... exnc_m.htm
APR 2007 87.9694
APR 2013 86.3115

You claim once the Fed stops buying treasuries the treasury bubble will pop? The Fed only bought 2.7 billion in treasuries in 2012. Interest rates on the 10 year fell from 2.04% to 1.95%. The Fed is not propping up a treasury bubble. People are buying treasuries because treasuries are a safe investment and they are risk averse. As investors become less risk averse, treasury yields will rise (prices will fall) but a bubble will not burst. There is not a speculative treasury bubble where investors are borrowing and buying/selling bonds to chase a quick profit.

U.S. Treasury securities held by the Federal Reserve: All Maturities
http://research.stlouisfed.org/fred2/graph/?g=j5M
2012-01-04 1663438
2013-01-02 1666118

10 year treasury
2012-01-01 2.04%
2013-01-01 1.95%

There is no currency bubble. There is no treasury bubble.

[Moggio]

ONE. MORE. TIME. FOR. THE. WORLD.:

It is NOT possible to print $100 BILLION per month and not technically have hyperinflation.

LMFAO, according to who? Find anyone other than a internet dumb ass on a message board who agrees with that definition of hyperinflation.

ONE. MORE. TIME. FOR. THE. WORLD.:

There is NO absolute definition of hyperinflation. It generally means HIGH inflation. And you CANNOT prove otherwise.

Moggio, it is possible for the Fed to print 100 billion a month and not have hyperinflation. Hyperinflation requires not only money printing but a constraint on production. Capacity utilization is 77% right now. Back in 97 it was 85%. There is no constraint on supply. In Zimbabwe there was a constraint on land. In Germany, they lost their industrial region to France as part of reparations. There is no constraint on supply in the US and no possibility of hyperinflation, or even high inflation.

If the above was entirely true (only part of it is), then inflation would ALWAYS be near deflationary/stagflationary levels.

Have fun reading:

http://www.policymic.com/articles/4952/ ... egory_list

http://www.bearishnews.com/post/5416

http://mises.org/daily/1873

Also, the Fed is not currently printing 100 billion a month. The precondition for your childish definition is not even met.

As I've already gone over, that's WRONG.

The ONLY reason why inflation is barely OFFICIALLY above 1% right now is because the Fed is ARTIFICIALLY manipulating the rate to prevent the Currency/Treasuries Bubble from bursting so we don't go into a Depression (which is a strategy that won't last very long). What part of that do you not understand, dipshits?

Nobody understands that Moggio because it makes no sense.

Yes, it does.

If a treasury bubble collapsed, interest rates would go through the roof.

Correct.

Higher interest rates would restrict credit and the consequence would be disinflation or even deflation. That means a stronger dollar, not a currency collapse. A collapsing treasury bubble would not lead to hyperinflation or coincide with a currency collapse. Your storyline makes no economic sense. It's merely a list of a few bad economic events mashed together.

Higher interest rates would restrict credit. But the results would mean the COMPLETE OPPOSITE.

You're claiming the Fed is engaging in quantitative easing to contain hyperinflation and that once they stop buying bonds, the bond bubble will burst? The Fed is buying bonds to generate inflation, create demand in the economy, increase capacity utilization and reduced unemployment. They are not buying bonds to prevent a dollar collapse as you claim. In your backwards world, the Fed generates inflation by restricting credit.

That's only PART of what I'm claiming. You are putting words in my mouth AGAIN.

In what sense is there a currency bubble? A bubble relative to what? Other currencies? The dollar is basically where it was in April 2007 when the Fed Funds rate was 5.25%.

Price-adjusted Major Currencies Dollar Index -- Monthly Index
http://www.federalreserve.gov/releases/ ... exnc_m.htm
APR 2007 87.9694
APR 2013 86.3115

You claim once the Fed stops buying treasuries the treasury bubble will pop? The Fed only bought 2.7 billion in treasuries in 2012. Interest rates on the 10 year fell from 2.04% to 1.95%. The Fed is not propping up a treasury bubble. People are buying treasuries because treasuries are a safe investment and they are risk averse. As investors become less risk averse, treasury yields will rise (prices will fall) but a bubble will not burst. There is not a speculative treasury bubble where investors are borrowing and buying/selling bonds to chase a quick profit.

U.S. Treasury securities held by the Federal Reserve: All Maturities
http://research.stlouisfed.org/fred2/graph/?g=j5M
2012-01-04 1663438
2013-01-02 1666118

10 year treasury
2012-01-01 2.04%
2013-01-01 1.95%

That's also only PART of what I'm claiming. You are putting words in my mouth AGAIN.

There is no currency bubble. There is no treasury bubble.

Here are shitloads of videos with financial expert Peter Schiff on the Currency/Treasuries Bubble - he predicted the Housing Bubble Crisis and actually knows what he's talking about:

http://www.youtube.com/results?q=peter+ ... a=N&tab=w1

Oh...and here's one of my favourites...

Fed's Advisory Council Admits We're Screwed:

http://www.youtube.com/watch?v=HIyEKn6GEAs

Have fun!

It's scary to think some people here actually think you know what you're talking about.

But then again, this comes from someone who believes that Friedman didn't advocate Free Markets, despite the 10 HOUR special I posted in another thread PROVING that he did...and that ANYONE who opposes the Obama Administration is racist.

[Turner Coates]

Peter Schiff is Wrong About Everything

http://www.etvita.com/2013/04/peter-sch ... thing.html

“The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge.”
― Stephen Hawking

[Moggio]

Peter Schiff is Wrong About Everything

http://www.etvita.com/2013/04/peter-sch ... thing.html

“The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge.”
― Stephen Hawking

Those are OUT OF CONTEXT quotes.

Peter Schiff, Ron Paul and the few others that PREDICTED the Housing Bubble Crisis:

http://www.youtube.com/watch?v=zz_yw0kq3MM

http://www.youtube.com/watch?v=ksiHXSyQssI