[BobL]

I’ve been hearing this all of my life. Problem is, it’s probably true this time.

[alloysteel]

We are already on the other side of the slope leading to another Venezuela. And one of the marks of that country’s demise was the hyperinflation, the last tool in the box to make sure a command-and-control regime already in power maintains that power for an indefinite length of time.

The Weimar Republic of Germany is the poster child for how hyperinflation concentrates and consolidates the call for a top-down hierarchy to “control” the runaway drop in value of the currency.

[a fool in paradise]

Never before have we spent so many trillions in such short time. And it’s going around the world.

The debt will never be paid.

[DoodleBob]

I've been hearing this for decades as well. And Godot never shows up. But I'm always told he'll be here soon, just you wait and see. "Those other times I forecast The End but it didn't show up were due to technical glitches, or the ultra rich controlling the Global Bankers to the plug on the hyperinflation," etc. It's like Harold Camping at times.

I've also been hearing about economic collapse, TEOTWAWKI, and Blue Helmets marching down Main Street for a long time. And yet, a well-diversified portfolio of financial assets purchased at the beginning of the Clinton Admin would have yielded more than a sack of gold bars. Gold's compounded annual growth rate of about 5.3% over that timeline is lower than that of the S&P 500 of about 7.88%. Simultaneously, inflation has faded into the background.

Now, I don't believe that ignorance is a smart investment policy. Certainly, with an extra $4.6 trillion in M2 sloshing around since Feb 2020, the groundwork for some inflation is there. And true, real estate in some places is hot right now. I believe a prudent asset allocation including food, water and ordnance is a smart idea.

But don't forget the Hunt Brothers and their all-in decision on the silver market. And Hedge Funds and Game Stop. And everything in between. All the smartest guys in the room seem to get it wrong with enough frequency where I don't think they're what I should follow. I also don't believe scare porn is attractive, either.

[cuban leaf]

’ve been hearing this all of my life. Problem is, it’s probably true this time.

---

Yep. If ever there was a true “this time it’s different” scenario, it is now. And just wait until Harris really IS president. At the end of the day, she’s incompetent and full of hubris. That sort of thing can result in all sorts of bad juju, including actual nuclear exchange.

[Red6]

Yup,

It already is happening.

Fuel prices, cost of housing in DFW (it’s going through the roof and people are paying ABOVE asking price) to get a home... Do a little experiment. Go to Amazon and look at the prices of things you bought one or two years ago that are still for sale now.

The “gubbermint” will report whatever they want you to hear. They will simply define inflation and how its calculated to get some rosy number. But we are right now already heading into the arena of inflation.