Twitter founder warns 'hyperinflation' will strike in America soon

[Harpy Eagle]

every single time,, you see I have never voted for a dem or repube,,

anymore stupid questions??

glad to see there is an area we agree on

 

[progressive hunter]

You can and I noted what it was. Raise rates.

that solves nothing without spending cuts,, as I said 100% doesnt solve it,,

 

[DigitalDrifter]

You must have missed the Jimmy Carter years.

They were bad.
Bought my first home during the Carter recession. 17% interest rate. An absolute awful time, that took years to unravel.

 

[Mac1958]

The definition of "hyperinflation" is inflation increasing at 50% per month for an extended period.

Here in America, words no longer have meaning. Just toss out the craziest shit you can conjure.

 

[progressive hunter]

The definition of "hyperinflation" is inflation increasing at 50% per month for an extended period.

Here in America, words no longer have meaning. Just toss out the craziest shit you can conjure.

you forgot a link,,
a short oversight I'm sure,,

I'll wait,,

 

[Mac1958]

you forgot a link,,
a short oversight I'm sure,,

I'll wait,,

You're on the internet. Look it up.

Here. Let me help: What Causes Hyperinflation

Don't worry. I won't expect an admission.

 

[progressive hunter]

You're on the internet. Look it up.

Here. Let me help: hyperinflation definition - Google Search

Don't worry. I won't expect an admission.

generally described as a series of rapid, excessive, and out-of-control price increases, is rare in developed countries. That's because a true hyperinflation has to meet a high bar—an inflationary rate of 1,000% or more per year, according to most economists.1

not what you said,,,

 

[Mac1958]

generally described as a series of rapid, excessive, and out-of-control price increases, is rare in developed countries. That's because a true hyperinflation has to meet a high bar—an inflationary rate of 1,000% or more per year, according to most economists.1

not what you said,,,

Holy shit. From your post: "an inflationary rate of 1,000% or more per year, according to most economists"

Holy crap, you people. Incredible. Holy shit.

 

[Likkmee]

So some computer programmer who knows about as much as I do about the economy thinks the Apocalypse is coming?

OK.

He wouldn't make a pimple on a programmers ass

 

[progressive hunter]

Holy shit. From your post: "an inflationary rate of 1,000% or more per year, according to most economists"

Holy crap, you people. Incredible. Holy shit.

as I said,, not what you said,,

 

[Fort Fun Indiana]

For years now this has been one of my biggest fears. "Hyper-inflation", once a term reserved for South American banana republics, may soon be heading to America.
If you're close to retirement, try to imagine a world where your million-dollar plus retirement nest egg, will only last a handful of years.
And by the way, this guy is no right-winger just trying to score political points. God I hope he's wrong!

MSN

Well first, hyperinflation is not happening. Words actually have meanings. "Hyper inflation" actually has a definition. Maybe Jack needs a dictionary for Christmas.

Second, he is being bombastic in order to affect public opinion on Fed actions and on federal policy in general, which has him and his companies in the crosshairs. Nothing more.

Go get yer shinebox, Jack.

 

[Doc7505]

Amazingly prescient

Victormarx This video filmed in 1969 will shock you

Victormarx This video filmed in 1969 will shock you at how relevant and effectively exposes what certain groups are trying again to do. Will you as a American and Christian allow it to happen? #victormarx #blm #usa #christian #standup

newtube.app

This was recorded in 1969...it was reality then, but now the socialist/communist movement has moved so far down the road we are on the verge of losing our Democracy. How prescient was that speaker, 52 years ago!!!

Comment:
We are seeing this occur daily under the rerign of Joey Xi and his sycophant Progressive Marxist/DSA Democrat co-conspirators.
The People's election of Trump in 2017 forced this escalation of PM/DSA Democrat Commie attacks on us. There was no way they could take another 4 years of him exposing and mocking them and have any hope of success in any near time frame.
We see their actions daily as Bai Dung forces Americans to vaccinate whether or not they choose to. The teaching of CRT to our children in schools and the acceptance of transgenderism in our schools and society.

 

[g5000]

If only US oil production had not been slashed 20% in early 2020. Just think how much that would be helping now.

Oil production was slashed because demand plummeted during the pandemic. The price of oil actually went negative for a while.

US oil prices turn negative as demand dries up

Coronavirus downturn has put major pressure on oil prices with demand slumping and storage running out.

www.bbc.com

 

[g5000]

Have you ever voted for anyone that wanted to actually cut spending?

I voted for Jo Jorgensen in the last election.

 

[g5000]

generally described as a series of rapid, excessive, and out-of-control price increases, is rare in developed countries. That's because a true hyperinflation has to meet a high bar—an inflationary rate of 1,000% or more per year, according to most economists.1

not what you said,,,

• Hyperinflation refers to rapid and unrestrained price increases in an economy, typically at rates exceeding 50% each month over time.

What Is Hyperinflation? Causes, Effects, Examples, and How to Prepare

Hyperinflation describes rapid and out-of-control price increases in an economy. Learn the causes of hyperinflation and how it can impact everyday consumers.

www.investopedia.com

 

[Lesh]

The definition of "hyperinflation" is inflation increasing at 50% per month for an extended period.

Here in America, words no longer have meaning. Just toss out the craziest shit you can conjure.

5% inflation for a couple months ain't that

 

[progressive hunter]

• Hyperinflation refers to rapid and unrestrained price increases in an economy, typically at rates exceeding 50% each month over time.

What Is Hyperinflation? Causes, Effects, Examples, and How to Prepare

Hyperinflation describes rapid and out-of-control price increases in an economy. Learn the causes of hyperinflation and how it can impact everyday consumers.

www.investopedia.com

according to most economist is not a definition it an opinion,,

 

[g5000]

Inflation is being caused by the pandemic fiscal stimulus and the Federal Reserve buying $120 billion of bonds every month.

Trump signed two stimulus bills adding up to $3 trillion of stimulus. Biden signed a bill adding $1.9 trillion more.

The Fed is buying $80 billion of Treasury securities and $40 billion of mortgage backed bonds every month.

The Fed's balance sheet has nearly doubled since the start of the pandemic.

All that cash infused into the economy is what is driving inflation.

 

[g5000]

You can't pump trillions for years and expect anything else.

There is a partial solution. Raise rates. Think it will happen?

The Fed has been resisting raising rates, believing this current inflation is transitory.

But if it continues much longer, they will have no choice. And then we will enter a deflationary period.

 

[g5000]

according to most economist is not a definition it an opinion,,

It's almost as if you were wishing for hyperinflation so you could blame Biden.

What we are experiencing is nowhere near hyperinflation. Not even close. And there isn't an economist on the planet that would say it is.

Twitter boi does not know what hyperinflation is, but he is an expert at hyperbole.