Hyperinflation - Coming To A Theater Near You Soon

[Satoshi Popinjay]

More currency creation, $9 Trillion, in the last few months, than in the LAST TWO CENTURIES.

But morons like BillB say "2% inflation". What a clown.

[Bradley K. Sherman]

Don't worry, Poppy. As soon as Trump is deposited in the
burning dumpster of history, all the Republicans will
suddenly remember that they're "deficit hawks".

--bks

[Satoshi Popinjay]

On Tuesday, October 6, 2020 at 4:23:23 AM UTC-7, Satoshi Popinjay wrote:
> More currency creation, $9 Trillion, in the last few months, than in the LAST TWO CENTURIES.
>
> But morons like BillB say "2% inflation". What a clown.

In 2020 alone, the U.S. has created 22% of all the USD since the birth of the nation.

[halfpastdead9]

On Tuesday, October 6, 2020 at 4:23:23 AM UTC-7, Satoshi Popinjay wrote:

> More currency creation, $9 Trillion, in the last few months, than in the LAST TWO CENTURIES.
>
> But morons like BillB say "2% inflation". What a clown.

200 years ago... BitCoin was one fiddy cent...

[Satoshi Popinjay]

On Tuesday, October 6, 2020 at 4:33:27 AM UTC-7, Bradley K. Sherman wrote:



>
> Don't worry, Poppy. As soon as Trump is deposited in the
> burning dumpster of history, all the Republicans will
> suddenly remember that they're "deficit hawks".
>
> --bks

Don't worry, fuckface, I'm sure you will be able to find a soup kitchen. Fucking moron. So stupid that you still blame the republicans, instead of blaming BOTH parties. When you're starving, you can only blame yourself.

[Satoshi Popinjay]

On Tuesday, October 6, 2020 at 4:51:17 AM UTC-7, halfpastdead9 wrote:



>
> 200 years ago... BitCoin was one fiddy cent...

Go ahead, make jokes. Don't ask me to share my quinoa.

[Bradley K. Sherman]

Satoshi Popinjay <paulpo...@sbcglobal.net> wrote:
>On Tuesday, October 6, 2020 at 4:33:27 AM UTC-7, Bradley K. Sherman wrote:
>> Don't worry, Poppy. As soon as Trump is deposited in the
>> burning dumpster of history, all the Republicans will
>> suddenly remember that they're "deficit hawks".
>

>Don't worry, fuckface, I'm sure you will be able to find a soup kitchen. Fucking moron. So stupid that you
>still blame the republicans, instead of blaming BOTH parties. When you're starving, you can only blame
>yourself.

Heckuva job, Trumpie:
|
| WASHINGTON (AP) -- US trade deficit rises 5.9% to $67.1
| billion in August, highest since August 2006.
|
<https://twitter.com/ZekeJMiller/status/1313459698067275778>
(AP WH Reporter)

--bks

[BillB]

On Tuesday, October 6, 2020 at 4:23:23 AM UTC-7, Satoshi Popinjay wrote:

> More currency creation, $9 Trillion, in the last few months, than in the LAST TWO CENTURIES.
>
> But morons like BillB say "2% inflation". What a clown.

First, I didn't say inflation would be 2%. I simply explained to you the Fed's newly stated policy to allow it to rise above 2%, with 2% as a target average. Previously, the policy was to try to keep inflation below 2% at all times.

IIRC, I predicted the dollar's value would drop about 5% because of all the Trump and COVID "stimulus".

Secondly, you keep saying this hyperinflation is coming, but you never say WHEN. What a chickenshit. You've been saying the same low-IQ crap for more than a decade, and you've been proven wrong year after year after year. There are obviously forces at work that you (and Ron Paul, your daddy) do not understand.

The money is already out there, so where is the hyperinflation?? Anyone can say "the world is going to end," and be right, but it's rather important if it's supposed to happen in 2 weeks or 2 billion years. If you can't attach a reasonable time frame to your "prediction," then you haven't predicted shit.

[Satoshi Popinjay]

On Tuesday, October 6, 2020 at 6:33:29 AM UTC-7, BillB wrote:



>
> First, I didn't say inflation would be 2%. I simply explained to you the Fed's newly stated policy to allow it to rise above 2%, with 2% as a target average. Previously, the policy was to try to keep inflation below 2% at all times.
>

You didn't explain to me, I explained to you. And you have it wrong. Their "new" policy is not to target a 2% average. MORE! Get back to me when you can check your enormous ego.

[BillB]

Correction: I tried to explain it to you. It obviously went in one ear and out the other, like all the other stuff I try to teach you.

Unlike you, I actually read the speech. I don't rely on morons like Ron Paul to tell me what to think.

"The Federal Reserve has signaled a major shift in its approach to managing inflation, as it tries to do more to aid the US economy's recovery.

"The central bank will now target an "average" of 2% inflation, rather than making 2% a fixed goal, giving it more flexibility, boss Jerome Powell said."

[BillB]

By the way, we're all waiting with bated breath for you to tell us when the hyperinflation will start. Two weeks? Two billion years? Please, Professor Popinjay, share your vast knowledge with us!

[BTSinAustin]

Sorry, he's too busy trying to figure out how Bitcoin and Mad Max can co-exist

[Satoshi Popinjay]

On Tuesday, October 6, 2020 at 10:44:27 AM UTC-7, BTSinAustin wrote:



>
> Sorry, he's too busy trying to figure out how Bitcoin and Mad Max can co-exist

No, I think the ball is in your court, smart alec. Last time we spoke, I asked YOU, why is there going to be no internet.

[Satoshi Popinjay]

On Tuesday, October 6, 2020 at 10:34:20 AM UTC-7, BillB wrote:




>

> Correction: I tried to explain it to you. It obviously went in one ear and out the other, like all the other stuff I try to teach you.
>

Don't make me look it up. I am quite sure you had never heard of Jackson Hole until I posted about it. Don't make me embarrass you, it is not my style, fatso.

[Satoshi Popinjay]

On Tuesday, October 6, 2020 at 10:37:06 AM UTC-7, BillB wrote:



>
> By the way, we're all waiting with bated breath for you to tell us when the hyperinflation will start. Two weeks? Two billion years? Please, Professor Popinjay, share your vast knowledge with us!

Next Thursday.

[BillB]

What is embarrassing is your refusal to admit that, once again, I was right and you didn't know what the fuck you were talking about.

Twenty years and you still haven't figured out that I am always right. You are one slow learner.

[BTSinAustin]

And I answered that was another meltdown inflation thread. Meltdown = no services, no electrical service, water, internet... should I go on?

[C Mayhem]

On Tuesday, October 6, 2020 at 6:23:23 AM UTC-5, Satoshi Popinjay wrote:
> More currency creation, $9 Trillion, in the last few months, than in the LAST TWO CENTURIES.
>
> But morons like BillB say "2% inflation". What a clown.

What would qualify as hyper inflation? I'm old enough to remember well over 10%. 15%? I remember during the banking crisis the wise men of RGP were going on about rampant inflation. It was coming and we were doomed... or something. If I had locked in financing rates then it would have cost me a bunch.

C

[C Mayhem]

During the Zombie Apocalypse they might change the name to bite coin... or maybe gotbit coin.

C

[Satoshi Popinjay]

On Tuesday, October 6, 2020 at 12:55:31 PM UTC-7, BTSinAustin wrote:


>
> And I answered that was another meltdown inflation thread. Meltdown = no services, no electrical service, water, internet... should I go on?

I don't think so. Besides, you are not presenting a compelling argument against acquiring crypto.

[BTSinAustin]

OMG, LOL

[Satoshi Popinjay]

On Tuesday, October 6, 2020 at 12:57:46 PM UTC-7, C Mayhem wrote:


> What would qualify as hyper inflation?
>

Workers get paid twice a day so their spouses can pick up their paychecks and run to the grocery store to buy food before the prices go up.

I think we are feeling it now. How many bags of groceries can you presently fill with $100? I would not be surprised at all if that number changes to $200 by February. Save this post if anyone wants an opportunity to jam it up my ass when I'm wrong, it seems people enjoy picking on Popinjay so much. But expect the shoe on the other foot if I am correct. Trust me, I will be posting, and calling all kinds of posters dumb mutherfuckers. Especially the Canadians.

[Splashie]

I spend about $100-$120 a week at Trader Joe's for a family of four. That number has not changed appreciably in the last 5 years. We normally have four bags.

Michael

[Satoshi Popinjay]

On Tuesday, October 6, 2020 at 1:16:56 PM UTC-7, Splashie wrote:



>
>
> That number has not changed appreciably in the last 5 years.
>

The Fed has not printed a gazzillion trillion dollars then either. It's all happened in the last few MONTHS!

[RichD]

On October 6, Satoshi Popinjay wrote:
> What would qualify as hyper inflation?
>
> Workers get paid twice a day so their spouses can pick up their paychecks and run to the grocery
> store to buy food before the prices go up.

DemocRat Biden Sanders Obamaton dream:

https://zimbabwedollars.net/products/100-trillion-dollar-zimbabwe-banknote-replacement-note-za-serial-number

Give money to the poor, and voila! Poverty solved!

--
Rich

[Tim Norfolk]

Get money to the poor, and more taxes are collected. Plus, they tend to spend it in their own neighbourhoods.

[Bill Vanek]

On Oct 7, 2020, Tim Norfolk wrote
(in article<b42e6777-7cca-4e03...@googlegroups.com>):

Is that some sort of liberal “science”? About how much of that gift money
is recovered in taxes? Why don’t we just give everyone about 100k/year?
Think of all the taxes we’d collect. Everyone could stop working. Utopia at
last.

[halfpastdead9]

On Tuesday, October 6, 2020 at 4:23:23 AM UTC-7, Satoshi Popinjay wrote:
> More currency creation, $9 Trillion, in the last few months, than in the LAST TWO CENTURIES.
>
> But morons like BillB say "2% inflation". What a clown.

When and if things go off the rails and services are interrupted, I will take my 40k in silver and gold and you take your 73 dollars in BitCoin to "Market". We will stand in line and you show them your phone with the "404" on your screen. I would probably buy you an avocado or a mango.

The internet will be the first and easiest things to cripple or get crippled.

[Dutch]

On 2020-10-07 3:44 p.m., Bill Vanek wrote:
> On Oct 7, 2020, Tim Norfolk wrote
> (in article<b42e6777-7cca-4e03...@googlegroups.com>):
>
>> On Wednesday, October 7, 2020 at 6:21:00 PM UTC-4, RichD wrote:
>>> On October 6, Satoshi Popinjay wrote:
>>>> What would qualify as hyper inflation?
>>>>
>>>> Workers get paid twice a day so their spouses can pick up their paychecks
>>>> and run to the grocery
>>>> store to buy food before the prices go up.
>>>
>>> DemocRat Biden Sanders Obamaton dream:
>>>
>>> https://zimbabwedollars.net/products/100-trillion-dollar-zimbabwe-banknote-r
>>> eplacement-note-za-serial-number
>>>
>>> Give money to the poor, and voila! Poverty solved!
>>>
>>> --
>>> Rich
>>
>> Get money to the poor, and more taxes are collected. Plus, they tend to spend
>> it in their own neighbourhoods.
>
> Is that some sort of liberal “science”? About how much of that gift money
> is recovered in taxes?

A lot. It is all spent, becoming taxable income for those providers of
goods and services. It's not tucked away in tax sheltered investments.

Why don’t we just give everyone about 100k/year?
> Think of all the taxes we’d collect. Everyone could stop working. Utopia at
> last.

reductio ad absurdum

[VegasJerry]

On Wednesday, October 7, 2020 at 3:44:32 PM UTC-7, Bill Vanek wrote:
> On Oct 7, 2020, Tim Norfolk wrote
> (in article<b42e6777-7cca-4e03...@googlegroups.com>):
>
> > On Wednesday, October 7, 2020 at 6:21:00 PM UTC-4, RichD wrote:
> > > On October 6, Satoshi Popinjay wrote:
> > > > What would qualify as hyper inflation?
> > > >
> > > > Workers get paid twice a day so their spouses can pick up their paychecks
> > > > and run to the grocery
> > > > store to buy food before the prices go up.
> > >
> > > DemocRat Biden Sanders Obamaton dream:
> > >
> > > https://zimbabwedollars.net/products/100-trillion-dollar-zimbabwe-banknote-r
> > > eplacement-note-za-serial-number
> > >
> > > Give money to the poor, and voila! Poverty solved!
> > >
> > > --
> > > Rich
> >
> > Get money to the poor, and more taxes are collected. Plus, they tend to spend
> > it in their own neighbourhoods.
>
> Is that some sort of liberal “science”?

It has nothing to do with liberal/conservative. Even now Republicans are yelling at Trump for blocking a stimulus. (Giving government money away so it can be spent on corporate products).

[VegasJerry]

Have you any idea how close we came to waking up and finding all the banks closed? If the gov had not bailed out Wall Street, that would have happened.

And it can again. So you can have your bit-coin dream; I'm hording cash. not gold; real green cash. (50's & 20's). When you're in the supermarket and your credit card doesn't work, they'll stand you aside for me and my cash.

I've witnessed "Money Changes." I was in the Philippines when the government declared 'this money' no good and you had to trade it in for 'that' money (script). I suspect bit coin will go that way...

[Tim Norfolk]

And where did I say that you should give them that money? We need wages up to the relative levels of the mid-60's.

[Bill Vanek]

On Oct 7, 2020, Tim Norfolk wrote

(in article<b8cc9d41-8d41-4aac...@googlegroups.com>):

Then why don’t you clearly say what you mean?

> We need wages up to
> the relative levels of the mid-60’s.

I don’t know what that means. When you are determined to limit your efforts
to one or two sentences, it’s not so easy to figure out what point you are
trying to make. I know that you are a liberal, so I make assumptions.

[Bill Vanek]

On Oct 7, 2020, Dutch wrote
(in article <z0sfH.668408$DO2.1...@fx45.iad>):

No, it’s reduction to something even a liberal could understand. Or should
understand...

[Tim Norfolk]

The problem is that you don't read properly: "Get money to the poor, and more taxes are collected."

[Dutch]

Any student of basic logic can understand that your statement was a
classic fallacy. If drinking a quart of water a day is good for your
health why not drink 100 quarts a day?

[Bill Vanek]

On Oct 7, 2020, Tim Norfolk wrote

(in article<1e57e53a-93e7-4837...@googlegroups.com>):

> taxes are collected.”

You mean like getting the lowest black unemployment in history? Is that it?
So you admire Trump? If not, say what the fuck you mean. Are they rationing
full sentences in Ohio?

[Bill Vanek]

On Oct 7, 2020, Dutch wrote

(in article <ftufH.31862$xf1...@fx27.iad>):

You suck with analogies. Is money poison in large enough quantities? Will it
hurt you physically? Fucking idiot.

[Clave]

Absolutely.

Will it
> hurt you physically?

That's a different question with perhaps a different answer, isn't it?
Can I drop a pallet of $100 bills on you and find out?

You're scum, Vanek. Exceptionally stupid scum.

[Dutch]

You took the analogy out of context. Supplementing the incomes of the
poor, apart from being compassionate, has a positive effect on the
economy. Giving the poor fortunes is absurd, it would wreck the economy.

Drinking a reasonable amount of water is good for your health, too much
is absurd, it would wreck your health.

The economy and your health are the parallel components in the analogy.

Just admit it, you made a lazy point that was a fallacy, it's not the
end of the world.

[da pickle]

"Tim" has a "persona" to maintain.

[VegasJerry]

And you don't understand why... You let me borrow and spend $2 trillion dollars and EVERYBODY would be employed and working overtime.

[BTSinAustin]

Good point right up until you find no mangos or avocados. Trucks still need to run, and people need to show up to stock them and sell them.


But for the record, both of you please post your addresses for safety's sake.


In the "I am a sick fuck" category. I used to joke before Y2K that my plan for survival was two fold, look for the asshats in cammo and survival gear, follow them home, and take their shit. The other one was to order a Morman mailing list. They are known to stockpile food in large quantities.

[BTSinAustin]

Why do you think cash will be any good if the banking system collapses? Silver, gold, bullets, food, water, first aid supplies, and medicines will be the currency, colored paper, not so much, it really isn't even good as TP.

[Splashie]

Lime Jell-O? No thank you.

Michael

[BTSinAustin]

When I am eating my vast supply of lime jello I will tell you to Die far to not smell badly!

[VegasJerry]

On Thursday, October 8, 2020 at 9:44:44 AM UTC-7, BTSinAustin wrote:

Like WACO?

[VegasJerry]

Because it's good either way. If you're a grocer with stock to sell, are you going to take bitcoin, credit cards that don't work, when I'm there with cash?

> Silver, gold, bullets, food, water, first aid supplies,
> and medicines will be the currency, colored paper, not
> so much, it really isn't even good as TP.

The grocer is going to take bullets and bandages he don't need, water he already has, gold & sliver he can't cash and his employees and suppliers don't want?

Money talks, bullshit walks. (I heard that somewhere. Perhaps when I swapping old dollars for new - in the PI).

[C Mayhem]

On Tuesday, October 6, 2020 at 3:11:16 PM UTC-5, Satoshi Popinjay wrote:

> On Tuesday, October 6, 2020 at 12:57:46 PM UTC-7, C Mayhem wrote:
>
>
> > What would qualify as hyper inflation?
> >
> Workers get paid twice a day so their spouses can pick up their paychecks and run to the grocery store to buy food before the prices go up.
>

> I think we are feeling it now. How many bags of groceries can you presently fill with $100? I would not be surprised at all if that number changes to $200 by February. Save this post if anyone wants an opportunity to jam it up my ass when I'm wrong, it seems people enjoy picking on Popinjay so much. But expect the shoe on the other foot if I am correct. Trust me, I will be posting, and calling all kinds of posters dumb mutherfuckers. Especially the Canadians.

Canadians. Don't get me started. Allow them in your home and they'll bludgeon your family to death with please and thank yous.

C

[Splashie]

On Thursday, October 8, 2020 at 12:55:36 PM UTC-7, C Mayhem wrote:

> Canadians. Don't get me started. Allow them in your home and they'll bludgeon your family to death with please and thank yous.
>
> C

And "sooory"s.

Michael

[Satoshi Popinjay]

On Thursday, October 8, 2020 at 12:30:41 PM UTC-7, VegasJerry wrote:



>
> Money talks, bullshit walks.


If by money you mean the US Dollar, your "money" is going to be WORTH bullshit.

I don't expect you to understand.

[RichD]

On October 7, Tim Norfolk wrote:
>>> What would qualify as hyper inflation?
>>> Workers get paid twice a day so their spouses can pick up their paychecks and run to the grocery
>>> store to buy food before the prices go up.
>

>> DemocRat Biden Sanders Obamaton dream:
>> https://zimbabwedollars.net/products/100-trillion-dollar-zimbabwe-banknote-replacement-note-za-serial-number
>> Give money to the poor, and voila! Poverty solved!
>

> Get money to the poor, and more taxes are collected.

How'd that work out in Zimbabwe?

> Plus, they tend to spend it in their own neighbourhoods.

So you endorse the emperor's protectionist tariffs and quotas?

--
Rich

[Splashie]

On Tuesday, October 6, 2020 at 1:16:56 PM UTC-7, Splashie wrote:
> On Tuesday, October 6, 2020 at 1:11:16 PM UTC-7, Satoshi Popinjay wrote:

> > On Tuesday, October 6, 2020 at 12:57:46 PM UTC-7, C Mayhem wrote:
> >
> >
> > > What would qualify as hyper inflation?
> > >
> >
> >
> > Workers get paid twice a day so their spouses can pick up their paychecks and run to the grocery store to buy food before the prices go up.
> >

> > I think we are feeling it now. How many bags of groceries can you presently fill with $100? I would not be surprised at all if that number changes to $200 by February. Save this post if anyone wants an opportunity to jam it up my ass when I'm wrong, it seems people enjoy picking on Popinjay so much. But expect the shoe on the other foot if I am correct. Trust me, I will be posting, and calling all kinds of posters dumb mutherfuckers. Especially the Canadians.

> I spend about $100-$120 a week at Trader Joe's for a family of four. That number has not changed appreciably in the last 5 years. We normally have four bags.
>
> Michael

Inflation update: Did the weekly shopping at TJ's today. Four bags filled as usual, including treats such as ice cream and newly in season Rainier cherries. Total bill: $103.45

Michael

[Satoshi Popinjay]

On Thursday, June 10, 2021 at 6:25:35 PM UTC-7, Splashie wrote:

>
> Inflation update: Did the weekly shopping at TJ's today. Four bags filled as usual, including treats such as ice cream and newly in season Rainier cherries. Total bill: $103.45
>
> Michael

First of all, they have completely changed and perverted the CPI to misrepresent what's really happening. And up till May, the 5th month, monthly is pegged at about .27%, annualize that and inflation is about 6.4%!!! Stick that in BillBlab's pipe and smoke it.

Some retailers are eating the extra cost to them, they don't want to shock the consumers, but they can't keep doing that forever. The end of the year is going to be a whole new story.

IT'S THE MONEY SUPPLY! THE MONEY SUPPLY IS MUSHROOMING LIKE AN H-BOMB.

[BillB]

On Friday, June 11, 2021 at 4:21:13 AM UTC-7, Satoshi Popinjay wrote:
> On Thursday, June 10, 2021 at 6:25:35 PM UTC-7, Splashie wrote:
>
> >
> > Inflation update: Did the weekly shopping at TJ's today. Four bags filled as usual, including treats such as ice cream and newly in season Rainier cherries. Total bill: $103.45
> >
> > Michael

> First of all, they have completely changed and perverted the CPI to misrepresent what's really >happening.

CONSPIRACY!

And up till May, the 5th month, monthly is pegged at about .27%, annualize that and inflation is about 6.4%!!! Stick that in BillBlab's pipe and smoke it.
>
> Some retailers are eating the extra cost to them, they don't want to shock the consumers, but they can't keep doing that forever. The end of the year is going to be a whole new story.
>
> IT'S THE MONEY SUPPLY! THE MONEY SUPPLY IS MUSHROOMING LIKE AN H-BOMB.

L.A, Big Mac...still $6.19. But I'm sure it will go up a dime any day now.

[risky biz]

Without glib stupidity you wouldn't have anything. That must be why Clave is attracted to you.

BTW- I play pool (or used to) with someone that owns two restaurants. He's 1,000 times smarter than you and related to me something very similar to the below news article when I ran into him recently.

'Moreover, while chicken-wing prices are at record levels, he noted that Wingstop has implemented price increases to offset some of that pressure.

Of course, that doesn’t mean that restaurants are immune to shortages—some are buying wings from retailers like Costco Wholesale (COST)—and this comes at a time when wages are rising. Yet Saleh is confident that Wingstop can overcome these issues.

Wingstop isn’t the only restaurant dealing with these issues. Chipotle Mexican Grill (CMG) boosted prices for certain items this spring, a move that management said hasn’t deterred customers. As Barron’s has noted, more price increases could come as restaurants compete to attract employees with higher pay. Prices have been on the rise throughout the pandemic.

Supermarket prices are climbing in tandem, so consumers may be less likely to eat at home to save money.'
https://www.barrons.com/articles/inflation-cpi-wingstop-chicken-upgrade-51623332090

[VegasJerry]

On Wednesday, October 7, 2020 at 3:44:32 PM UTC-7, Bill Vanek wrote:
> On Oct 7, 2020, Tim Norfolk wrote

> (in article<b42e6777-7cca-4e03...@googlegroups.com>):
> > On Wednesday, October 7, 2020 at 6:21:00 PM UTC-4, RichD wrote:

> > > On October 6, Satoshi Popinjay wrote:
> > > > What would qualify as hyper inflation?
> > > >
> > > > Workers get paid twice a day so their spouses can pick up their paychecks
> > > > and run to the grocery
> > > > store to buy food before the prices go up.
> > >

> > > DemocRat Biden Sanders Obamaton dream:
> > >
> > > https://zimbabwedollars.net/products/100-trillion-dollar-zimbabwe-banknote-r
> > > eplacement-note-za-serial-number
> > >
> > > Give money to the poor, and voila! Poverty solved!
> > >

> > > --
> > > Rich
> >
> > Get money to the poor, and more taxes are collected. Plus, they tend to spend

> > it in their own neighbourhoods.

> Is that some sort of liberal “science”?

No, documented fact...

HTH