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Tick Tock, Tick Tock - Gold at 1216, Hyperinflation Looms

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Tick Tock, Tick Tock - Gold at 1216, Hyperinflation Looms

Old 12-02-09, 04:42 PM
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Tick Tock, Tick Tock - Gold at 1216, Hyperinflation Looms

A great watch from the National Inflation Association. Since 2000, the dollar has lost 35% of it's purchasing power.

Now, we have money printing on a scale never before seen in this nation's history. Spend, spend, spend. And nothing ever comes of it.

This video predicts that with the current system in place, the movie ticket that once cost 50 cents in the 1950's will easily reach over $100 within the next 10 years.

Some sobering commentary and many elements of hyperinflation in place today (such as food) which are overlooked by many are just the beginnings of collapse. Ask any Russian what was the first thing they noticed when the Soviet Union was going downhill fast. Food prices led the way for the demise that was to follow.


The Dollar Bubble
http://www.youtube.com/watch?v=eZA0q...781624&kw=gold

At this rate, gold will easily be over $1400 by early 2010.
Old 12-02-09, 04:48 PM
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Re: Tick Tock, Tick Tock - Gold at 1216, Hyperinflation Looms

It's all relative. To say that movie tickets will be $100 doesn't mean anything if the average income is $250,000.

I read where gold would have to get to $5,000 in order to reach the real dollar high in the early 80s.

Right now The Obama seems more worried about deflation still. Can't have that because our debt becomes more expensive. They need hyperinflation at some point, and at some point, I have no doubt we will get it.
Old 12-02-09, 06:24 PM
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Re: Tick Tock, Tick Tock - Gold at 1216, Hyperinflation Looms

I haven't noticed food being terribly expensive. Sure, prices go up here and there, but I haven't seen any $20 apples or $50 banana bunches lately.
Old 12-02-09, 07:13 PM
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Re: Tick Tock, Tick Tock - Gold at 1216, Hyperinflation Looms

Originally Posted by kvrdave View Post
It's all relative. To say that movie tickets will be $100 doesn't mean anything if the average income is $250,000.
Yes it does. Because you're classified as being rich at $250K so you won't have anything left after the extra taxes hit you.
Old 12-02-09, 07:51 PM
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Re: Tick Tock, Tick Tock - Gold at 1216, Hyperinflation Looms

Good point.

And when did candy bars start at $.89?
Old 12-02-09, 08:07 PM
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Re: Tick Tock, Tick Tock - Gold at 1216, Hyperinflation Looms

This continuous deficit spending is not sustainable. Sooner or later the world is going to lose confidence in our ability to repay. Then inflation hits.
Old 12-02-09, 08:23 PM
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Re: Tick Tock, Tick Tock - Gold at 1216, Hyperinflation Looms

And we will see their loss of confidence when they quit buying out bonds. And I think that has started.
Old 12-02-09, 09:13 PM
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Re: Tick Tock, Tick Tock - Gold at 1216, Hyperinflation Looms

This is why we need a balanced budget amendment to tie their hands except in times of war.
Old 12-02-09, 09:53 PM
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Re: Tick Tock, Tick Tock - Gold at 1216, Hyperinflation Looms



I'll put this right here.
Old 12-02-09, 09:58 PM
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Re: Tick Tock, Tick Tock - Gold at 1216, Hyperinflation Looms

This is good news. Now that $30 billion to send 30,000 more troops to Afghanistan doesn't sound so expensive after all.
Old 12-02-09, 11:37 PM
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Re: Tick Tock, Tick Tock - Gold at 1216, Hyperinflation Looms

Who do we owe the most money to?

Who is that county's biggest customer?

What country is the most self sufficient? (outside of oil dependancy)

What country has the best military?




As stated, it's all relative.
Old 12-02-09, 11:38 PM
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Re: Tick Tock, Tick Tock - Gold at 1216, Hyperinflation Looms

Originally Posted by crazyronin View Post


I'll put this right here.
Wow, that puts it in perspective. It does not appear that huge stimulus was required to get us out of recessions in the past, but apparently this time it is.
Old 12-03-09, 10:14 AM
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Re: Tick Tock, Tick Tock - Gold at 1216, Hyperinflation Looms

Originally Posted by Jason View Post
I haven't noticed food being terribly expensive. Sure, prices go up here and there, but I haven't seen any $20 apples or $50 banana bunches lately.
Move to Japan.

Not quite apples and oranges, but grapes, watermelons, and lots of others, sure.
Old 12-03-09, 10:21 AM
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Re: Tick Tock, Tick Tock - Gold at 1216, Hyperinflation Looms

Originally Posted by BKenn01 View Post
This is why we need a balanced budget amendment to tie their hands except in times of war.
Do we really need any more incentive to be perpetually fighting the war on terror?
Old 12-03-09, 10:22 AM
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Re: Tick Tock, Tick Tock - Gold at 1216, Hyperinflation Looms

Originally Posted by Jason View Post
I haven't noticed food being terribly expensive. Sure, prices go up here and there, but I haven't seen any $20 apples or $50 banana bunches lately.
Don't shop at Whole Foods, do you?
Old 12-03-09, 10:24 AM
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Re: Tick Tock, Tick Tock - Gold at 1216, Hyperinflation Looms

Originally Posted by kvrdave View Post
And when did candy bars start at $.89?
The price of Cote d'Ivoirian cocoa fluctuates greatly. Usually candy bar makers just adjust the size of the candy bar instead of changing the price.
Old 12-03-09, 11:01 AM
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Re: Tick Tock, Tick Tock - Gold at 1216, Hyperinflation Looms

The obvious solution is for us to go back on the gold standard and forgive Germany's war debts.
Old 12-03-09, 11:06 AM
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Re: Tick Tock, Tick Tock - Gold at 1216, Hyperinflation Looms

Originally Posted by The Bus View Post
The obvious solution is for us to go back on the gold standard and forgive Germany's war debts.
Screw that, I'm putting everything I have into Cote d'Ivoirian cocoa!
Old 12-03-09, 11:10 AM
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Re: Tick Tock, Tick Tock - Gold at 1216, Hyperinflation Looms

Originally Posted by kvrdave View Post
It's all relative. To say that movie tickets will be $100 doesn't mean anything if the average income is $250,000.
Not helpful to retirees on a fixed pension.
Old 12-03-09, 11:38 AM
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Re: Tick Tock, Tick Tock - Gold at 1216, Hyperinflation Looms

Originally Posted by Groucho View Post
Not helpful to retirees on a fixed pension.
Old people don't go to the movies
Old 12-03-09, 11:39 AM
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Re: Tick Tock, Tick Tock - Gold at 1216, Hyperinflation Looms

Originally Posted by Tracer Bullet View Post
Old people don't go to the movies
If it wasn't for old people (and me) we'd have no art houses in Utah.
Old 12-03-09, 11:42 AM
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Re: Tick Tock, Tick Tock - Gold at 1216, Hyperinflation Looms

Originally Posted by Tracer Bullet View Post
Old people don't go to the movies


We go before noon on the weekends, when you young kids are still asleep.

Spoiler:
This is also when we break into your house and rearrange your knicknacks, just to fuck with you.
Old 12-03-09, 12:08 PM
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Re: Tick Tock, Tick Tock - Gold at 1216, Hyperinflation Looms

Originally Posted by wendersfan View Post


We go before noon on the weekends, when you young kids are still asleep.

Spoiler:
This is also when we break into your house and rearrange your knicknacks, just to fuck with you.
I don't consider you to be old. Are you collecting a pension?
Old 12-03-09, 12:14 PM
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Re: Tick Tock, Tick Tock - Gold at 1216, Hyperinflation Looms

Originally Posted by Tracer Bullet View Post
I don't consider you to be old.


I'm 46, so no pension for a while.
Old 12-03-09, 12:19 PM
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Re: Tick Tock, Tick Tock - Gold at 1216, Hyperinflation Looms

Originally Posted by wendersfan View Post

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