A few facts about money supply, CPI, and the English language

[risky biz]

In early 1980 there was a 14.5% yearly change in the Consumer Price Index (CPI). The out-of-control effects on the economy required the Fed to slam on the brakes so hard that a long-term recession ensued.

This episode followed an M2 yearly growth rate in the mid-13% area in early 1976

How high has the M2 yearly growth rate been in the past? It peaked at 17.79% in 1943 (WWII).

What is the recent M2 yearly growth rate? In late 2020 it was 25%.


From Blabbermouth's OWN go-to source for a definition of hyperinflation (which ignores the much longer established standard English language*):

'..if the increase in money supply is not supported by economic growth as measured by gross domestic product (GDP), the result can lead to hyperinflation. If GDP, which is a measure of the production of goods and services in an economy, isn't growing, businesses raise prices to boost profits and stay afloat. Since consumers have more money, they pay the higher prices, which leads to inflation. As the economy deteriorates further, companies charge more, consumers pay more, and the central bank prints more money—leading to a vicious cycle of hyperinflation.'
https://www.investopedia.com/terms/h/hyperinflation.asp


Has GDP kept pace with the growth rate of the money supply? NO, IT HAS NOT. IT HAS LAGGED FAR BEHIND SINCE THE LAST PART 0F 2019.


* A more proper and sensible terminology for a monthly inflation rate exceeding 50% is 'ultrahyperinflation'.

Is inflation currently 'above normal'? Yes, it is.

➡️'inflation surging to a level not seen for more than 30 years'⬅️
https://www.theguardian.com/business/2021/nov/10/inflation-us-latest-high-30-years-economy-predictions

Oxford English Dictionary
hyper-
prefix
1Over; beyond; above.
1.1Exceeding.
1.2Excessively; above normal.⬅️
https://www.lexico.com/en/definition/hyper_

'hyper-
​prefix
US
DEFINITIONS
more than usual or normal⬅️ : used with some adjectives and nouns to make adjectives and nouns
hypersensitive, hyperinflation
https://www.macmillandictionary.com/dictionary/american/hyper_2#hyper_8

[BillB]

LOLOLOL Can you believe it? This absolute moron is STILL pretending the US is experiencing "hyperinflation." I have tried and tried and tried to educate him. It is impossible.

[Satoshi Popinjay]

On Tuesday, November 16, 2021 at 2:39:28 PM UTC-8, risky biz wrote:

>

> What is the recent M2 yearly growth rate? In late 2020 it was 25%.
>

I may be wrong, but didn't they suddenly stop reporting M-2? If so, what's up with that?

[risky biz]

~ LOLOLOL Can you believe it? This absolute moron is STILL pretending the US is experiencing "hyperinflation." I have tried and tried and tried to educate him. It is impossible.

You keep LYING that you 'predicted' 5-7% inflation. You're a laughable, dishonest clown. Paul got the direction right. You got the direction WRONG. You're mortified about that and think you can cover it up by lying and projecting juvenile, churlish disparagement. The whole world can see that you're LYING.

[risky biz]

On Tuesday, November 16, 2021 at 4:41:28 PM UTC-8, Satoshi Popinjay wrote:
> On Tuesday, November 16, 2021 at 2:39:28 PM UTC-8, risky biz wrote:
>
> >
> > What is the recent M2 yearly growth rate? In late 2020 it was 25%.
> >

~ I may be wrong, but didn't they suddenly stop reporting M-2? If so, what's up with that?

The Fed stopped publishing M3 but that doesn't prevent it from being estimated by others. It's a broader measure than M2 and MZM is the broadest. Opinions differ as to which is most useful for policy formulation. The most commonly referred to presently is M2.
https://en.wikipedia.org/wiki/Money_supply#Empirical_measures_in_the_United_States_Federal_Reserve_System

Check out the chart that Blabbermouth can't get through his thick skull:
https://en.wikipedia.org/wiki/Money_supply#/media/File:CPI_vs_M2_money_supply_increases.png

[BillB]

Just like I "lied" about being a lawyer and being born in 1962, right? LOLOL "The whole world" = you. You are an idiot, and the US is not experiencing "hyperinflation" or anything remotely close to it. Paul's anticipation of 100% food inflation over three months was idiotic and has been proven such over time. The only person who fell for that complete nonsense was you, because you are stupid. And yes, I did predict 5-7% inflation this year. If I go to the trouble of showing you the quote will you freely admit you are a complete fucking moron and an economic illiterate? Or will you try to weasel out again?

[Satoshi Popinjay]

I just found something that may be what got me confused. It says they stopped WEEKLY reporting and basically changed to monthly, with a little twist in it. Here's a link. Notice what a bullshitter Chairman Powell is.

https://www.stockinvestor.com/50573/did-the-fed-stop-reporting-the-money-supply-m2-why-inflation-is-coming-back/

By the way, did I really say something like food prices were going to double in three months, like asshole said I did? I don't remember. I might have. I just don't remember.

[BillB]

I quoted you yesterday (warning: it's embarrassing). You didn't exactly predict it. That's why I said you anticipated it. I am eminently fair. The gist of what you were saying, however, has been proved 100% wrong. You also said the US dollar was going to ZERO. Also 100% wrong. It is very fair to say your "economic collapse" fears have been proved wrong for a couple of decades now and running. You're a classic Chicken Little, and you should be ashamed of yourself for scaring the hell out of your internet wife. She's now cowering in fear that she won't be able to afford her soy isolate "burgers" and that the casinos are going to get stingy with their hyperinflated pizza slices.

[risky biz]

~ On Tuesday, November 16, 2021 at 5:33:12 PM UTC-8, BillB wrote:

~You're a classic Chicken Little, and you should be ashamed of yourself for scaring the hell out of your internet wife. She's now cowering in fear that she won't be able to afford her soy isolate "burgers" and that the casinos are going to get stingy with their hyperinflated pizza slices.

I'll still be able to afford groceries and you'll still be a LIAR. You're so mortified about Paul being right and you being wrong that you're now LYING that you 'predicted' 5-7% inflation. You didn't even get the direction right.

When you lie about what you said why should anyone believe what you claim Paul said?

[BillB]

You are a mental case who is incapable of learning from your intellectual superiors.

[risky biz]

~ On Tuesday, November 16, 2021 at 5:55:09 PM UTC-8, BillB wrote:
> On Tuesday, November 16, 2021 at 5:51:00 PM UTC-8, risky biz wrote:
> > ~ On Tuesday, November 16, 2021 at 5:33:12 PM UTC-8, BillB wrote:
> >
> > ~You're a classic Chicken Little, and you should be ashamed of yourself for scaring the hell out of your internet wife. She's now cowering in fear that she won't be able to afford her soy isolate "burgers" and that the casinos are going to get stingy with their hyperinflated pizza slices.
> >
> > I'll still be able to afford groceries and you'll still be a LIAR. You're so mortified about Paul being right and you being wrong that you're now LYING that you 'predicted' 5-7% inflation. You didn't even get the direction right.
> >
> > When you lie about what you said why should anyone believe what you claim Paul said?

~ You are a mental case who is incapable of learning from your intellectual superiors.

'lying and projecting juvenile, churlish disparagement. The whole world can see that you're LYING.'

You can quote me on that.

[Satoshi Popinjay]

On Tuesday, November 16, 2021 at 5:51:00 PM UTC-8, risky biz wrote:

>
> When you lie about what you said why should anyone believe what you claim Paul said?

It's possible I said that about food and three months, anything's possible, I just don't remember saying that. I don't remember why I would say that. I have noticed my memory slipping a little. But one would think, given the huge ego that asshole has, and when confronted with the possibility that he's just a fucking liar, one would think it would not take more than that to send him running to find a quote and fucking prove it. Unless, of course, he really is lying, and he knows he is. There would be no cite to find.

[BillB]

October 6, 2020

Question to Professor Popinjay: "What would qualify as hyper inflation?"


Popinjay pontificates:

"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 "

[Splashie]

Nope, you said four months, from October 2020 to February 2021: https://groups.google.com/g/rec.gambling.poker/c/8lKAhZZNImk/m/9eex3fnnBwAJ

Michael

[risky biz]

On Tuesday, November 16, 2021 at 6:54:35 PM UTC-8, BillB wrote:
> On Tuesday, November 16, 2021 at 6:43:37 PM UTC-8, Satoshi Popinjay wrote:
> > On Tuesday, November 16, 2021 at 5:51:00 PM UTC-8, risky biz wrote:
> >
> > >
> > > When you lie about what you said why should anyone believe what you claim Paul said?
> > It's possible I said that about food and three months, anything's possible, I just don't remember saying that. I don't remember why I would say that. I have noticed my memory slipping a little. But one would think, given the huge ego that asshole has, and when confronted with the possibility that he's just a fucking liar, one would think it would not take more than that to send him running to find a quote and fucking prove it. Unless, of course, he really is lying, and he knows he is. There would be no cite to find.
> October 6, 2020
>
> Question to Professor Popinjay: "What would qualify as hyper inflation?"
>
>
> Popinjay pontificates:
>
> "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 "


That's what you've been yammering about like a spastic for months? A single, off the cuff, hyperbolic comment?

WHAT AN ASS.

As opposed to your one dozen plus (someone could keep looking and find more) repeated WRONG assertions which got even the direction of inflation wrong and which included lavishly rancid self-praising descriptions of yourself accompanied by churlish disparagement of Paul's informed insight about the unparalleled trajectory of the money supply?

Seriously- does anyone want to volunteer an opinion that Blabbermouth doesn't need to undertake psychological counseling?

[Satoshi Popinjay]

People here like to jam things up my ass. I regret that I did not make a post when Governor Newsom disappeared for a couple weeks after he took the booster. I almost did, not sure why I didn't. I believed the rumors that he had a bad reaction and possibly developed bell's palsy. Now he's back in the limelight. Personally, I'm glad he seems to be ok. I don't wish bad things on anyone, even democrats. But he's covering it up, and I can just see the shit storm I would have generated on RGP. lol Too bad I didn't post about it. It was bad enough when I clearly posted something incorrect about the recall results. I don't know where I came up with that doozy. Maybe in a dream. But if I had followed it up with Newsom has not been seen by anyone in two weeks since he got his booster, I could have generated 300 posts in a thread on that. Like the old days. Ramashiva would have been proud of me.