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G0ldfinger

HYPERINFLATION

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EDIT: I guess if Germany took on the PIIGS and the ECB would just print it all up to paper over it, Eurozone as a whole could end up where Britain is today (a phony economy with lots of people holding huge entitlements, plus a zombie banking sector). A thought many Germans are quite afraid of.

 

Germans may be afraid of it but IMO it is inevitable.

 

However, the comparison you draw with Britain is not so. Britain will still be deeper in the $hit.

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Quite the opposite: they're coming true, and that freaks out the rest of Europe. Whether this is good for Germany is an entirely different story. But in terms of answers to the crisis, all eyes rest on Germany.

 

EDIT: I guess if Germany took on the PIIGS and the ECB would just print it all up to paper over it, Eurozone as a whole could end up where Britain is today (a phony economy with lots of people holding huge entitlements, plus a zombie banking sector). A thought many Germans are quite afraid of.

 

The Euro was an experiment. Other than all the politicians and cronies i dont think many people give a damn what happens to all the debt. If the Germans and French were stupid enuf to lend the money they cannot really expect the people to bust their balls to pay them back. In former times the lender would go to war but what will happen today? The elite have gone to great lengths to tell us we live in democracies. I just cannot see how they can remain the elite and simultaneously begin informing the ordinary population they have to bend over and pay the elite their dues. It is just not going to happen. Effectively Germany has given all its wealth away and now it is playing as if it can get it back and anybody who defaults is the bad guy. If you take away the greed and ambition of people who today are effectively busted they have nothing left at all.

 

Yesterday you were saying Germany should cut and run. How can it? If it does that is still owes the likes of the Americans chinese arabs british and you name it. If it hangs in there it might possibly get paid back.

 

Iceland showed it was worth forming agreements when you had debts if you were likely to get paid back by those who had debts to you.

 

Germany is like Iceland. It messed up and now its only hope is the debtors repay all the money that flowed out of germany.

 

Iceland however lent to economies which were likely to pay it back like holland the uk canada and scandanavia.

 

 

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... Effectively Germany has given all its wealth away ...

... Germany is like Iceland. ...

I think we're overdramatizing a little here.

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http://www.telegraph.co.uk/news/newstopics...l-runs-low.html

 

 

 

 

An estimated two million homes, schools and hospitals face fuel rationing over Christmas after MPs warned that supplies of heating oil would hit ‘crisis’ point during the cold snap.

 

As snow began falling again across the country, the Government confirmed that the situation could become “very serious,” with some households already facing waits of up to four weeks before they can receive supplies.

 

The Office of Fair Trading announced that it was monitoring allegations of price fixing among suppliers, as the average cost of a litre of oil leapt to more than 70p from just over 40p a month ago.

 

Around six per cent of households rely on heating oil, many in remote areas away from mains supplies. Six out 10 families in Northern Ireland, 505,000 homes, are dependent on oil deliveries.

 

There are another 828,000 users in England and 155,000 in Scotland. Figures are unavailable for Wales, but are likely to be significant due to the high levels of households outside of towns and cities.

 

Across the United Kingdom, a number of public bodies, including rural schools and hospitals, also depend on oil for heat.

 

More money chasing less goods?

 

 

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Chris Martenson.com

 

Many in both the inflationist and deflationist camps say that prices are not worth analyzing because they are the result of, not the cause of, either "-flation." But it would be a mistake to ignore prices simply because they represent the passenger, not the driver, in the story. Knowing where the passenger is going can give you a pretty good indication of where the driver is headed, and therefore it’s important to keep a close eye on prices when assessing inflation/deflation.

 

Those who read history also know that inflation is by far the more common outcome of a situation in which there is entirely too much sovereign debt that cannot be repaid by ordinary means. All one needs is to take a quick glance at the balance sheets and off-balance-sheet obligations of practically every developed country to realize that collective insolvency is the correct term to apply.

So at this point in the story, we see that prices have been rising, our fiscal and monetary authorities are trying quite hard to foster even more rapid price escalations, and they are doing so because the system demands it of them.

 

 

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FREEPOST IS ON ITS WAY THANKS TO MORE OF THAT DEFLATION. :lol::lol:

 

http://www.bbc.co.uk/news/business-12019636

 

Royal Mail to raise stamp prices by record 5p

 

Royal Mail is to raise the cost of a first-class stamp by a record 5p to 46p in April, the company has confirmed.

 

It will be the largest increase since first-class postage began in 1968 CLASSIC SIGN OF DEFLATION. :lol::lol:

 

 

. A second-class stamp will rise by 4p, taking it to 36p

 

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Life getting cheaper and cheaper every day. Especially when you're on a low income and stuff like food, petrol or stamps does matter.

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OIL IS STILL ON THE CREEP.OH DEAR.

 

 

Overview Stock markets Share prices Currencies Commodities Gilts & Bonds UK Earnings

 

Brent Crude Oil Futures $/barrel Mon 19:15 92.75 +1.08 +1.2

 

Brent Crude Oil Spot $/barrel Mon 16:40 91.90 +0.32 +0.4

 

 

 

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OIL IS STILL ON THE CREEP.OH DEAR.

If people can't afford it anymore it will automatically become cheaper. 2 billion Chinese and Indians on the other side of the planet won't matter, even if their currencies appreciate. Peak oil won't matter either, and Bernanke can print as many trillions or quadrillions as he wants, and it also doesn't matter that the quadrillions go straight to the (investment) banks : because there is no money in people's hands.

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FREEPOST IS ON ITS WAY THANKS TO MORE OF THAT DEFLATION. :lol::lol:

 

http://www.bbc.co.uk/news/business-12019636

 

Royal Mail to raise stamp prices by record 5p

 

Royal Mail is to raise the cost of a first-class stamp by a record 5p to 46p in April, the company has confirmed.

 

It will be the largest increase since first-class postage began in 1968 CLASSIC SIGN OF DEFLATION. :lol::lol:

 

 

. A second-class stamp will rise by 4p, taking it to 36p

 

46p to send a letter and they dont even deliver the mail! Its either stolen or piled up in warehouses becuase of the snow. They are hiding the inflation with sneaky tricks.....

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46p to send a letter and they dont even deliver the mail! Its either stolen or piled up in warehouses becuase of the snow.

At least sometimes they bring it right up to your bathroom door, I heard ...

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I think we're overdramatizing a little here.

 

http://www.eurointelligence.com

 

Germany blocks further stress tests

 

Reuters reports that the ECB want liquidity to be introduced as a factor in the stress tests, but this is being opposed by some member states, including Germany. The purpose of stress test has always been to mislead financial market into thinking that the banking system was safe. The result of last year’s tests were fixed to achieve that very result. If you follow the discussions about the new stress tests – there seem to be two camps. One camp – that includes the European Commisison - wants another “even better” stress test, the other one does not want a stress test at all, on the grounds that this would disquiet financial markets. The German government and the Bundesbank are firmly in the latter category. (They don’t want proper stress test on the grounds that the de-facto insolvency of the German banking system would be recognised if you applied some realistic stress scenarios. What is not clear to us is whether the advocates of tougher stress tests want a more honest appraisal of the banking system, or whether they want to be given a second chance at cheating. In any case, we are not holding our breath.)

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At least sometimes they bring it right up to your bathroom door, I heard ...

 

Ah, that extra service with no price increase was the deflationary bit before the huge hyper-inflationary 5p price rises with no letters at all. :huh:

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Germany blocks further stress tests

I do not disagree on that the German banking system is in big doodoo. Actually, some of the banks have been zombies for years. That Deutsche Bank was one of the biggest dumpers of MBEs on the Fed confirms this (why are their staff still getting bonus, why is Ackermann still at the helm?). However, in comparison to the US, Japan, the UK, the rest of Europe, how dramatic is it? Look at the size of the German deficit, look at the fact that Germans actually buy German goods (cars, fridges, dish washers, tools, produce). Look at the fact that if the Yuan will be revalued upwards, Germany has nice things to sell to the then wealthier Chinese (that nice Porsche, that well-constructed Siemens fridge, ...). That's why I can't quite see why Germany should worse off than e.g. the UK or the rest of Europe. But it won't be nice either.

 

BTW, Germany is literally booming right now. Look at Spain, the UK, Ireland. Any boom there?

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I do not disagree on that the German banking system is in big doodoo. Actually, some of the banks have been zombies for years. That Deutsche Bank was one of the biggest dumpers of MBEs on the Fed confirms this (why are their staff still getting bonus, why is Ackermann still at the helm?). However, in comparison to the US, Japan, the UK, the rest of Europe, how dramatic is it? Look at the size of the German deficit, look at the fact that Germans actually buy German goods (cars, fridges, dish washers, tools, produce). Look at the fact that if the Yuan will be revalued upwards, Germany has nice things to sell to the then wealthier Chinese (that nice Porsche, that well-constructed Siemens fridge, ...). That's why I can't quite see why Germany should worse off than e.g. the UK or the rest of Europe. But it won't be nice either.

 

BTW, Germany is literally booming right now. Look at Spain, the UK, Ireland. Any boom there?

 

I agree GF.

 

Germany is a nation of renters iirc (only worked there a couple of times & not for that long). I would imagine that there personal debt levels would be a LOT lower than the UK.

As you have also said they make real things & are also a BIG net exporter iirc.

 

Germany IS Europe imo. They are carrying the rest.

 

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Where are all the severe cuts and austerity?

 

New figures heaped more pressure on the Government's borrowing targets today after Britain slumped into the red by a record £23.3 billion in November.

 

Health and defence spending and higher European Union payouts ensured the monthly figure - excluding financial interventions by the Government - beat the £17.4 billion borrowed a year earlier by a margin of £5.9 billion.

 

 

Near enough £500 per month for every man woman and child is being borrowed by the State - effectively that money is being printed.

 

Savings in a bank waiting to buy a house? Ferrchissakes, how much notice do people need for the inevitable?

 

http://www.independent.co.uk/news/uk/polit...ng-2165830.html

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Where are all the severe cuts and austerity?

:lol: It's all forgotten already! And the funny thing is: it will still feel like austerity!

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John Williams (Shadowstats) hyperinflaion forecast

 

Does anyone agree that we may see the frst sign's of hyperinfoation in the next couple of months? Is there any eveidence that inflation takes 18 months to 2 years to manifest itself in higher prices? Obviously with QE1 kicking in during march 2009, if inflation takes 2 years to work through the system then the start of hyperinflation could be near.

 

Does anyone agree / disagree with this?

 

Personally I had not expected this to happen so quickly.

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John Williams (Shadowstats) hyperinflaion forecast

 

Does anyone agree that we may see the frst sign's of hyperinfoation in the next couple of months? Is there any eveidence that inflation takes 18 months to 2 years to manifest itself in higher prices? Obviously with QE1 kicking in during march 2009, if inflation takes 2 years to work through the system then the start of hyperinflation could be near.

 

Does anyone agree / disagree with this?

 

Personally I had not expected this to happen so quickly.

 

I was just listening to a video by George4Title and he was interviewing some wholesale supplier guy for restaurant food supplies and he said garlic (5 lb tubs) had gone from $29 to $51 in a week iirc. Also lots of other rises of 15~20% in a week.

From: http://www.youtube.com/watch?v=m7gDAvacVcE

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Food prices can fluctuate dramatically due to the time of year and the weather etc...

 

 

I was just listening to a video by George4Title and he was interviewing some wholesale supplier guy for restaurant food supplies and he said garlic (5 lb tubs) had gone from $29 to $51 in a week iirc. Also lots of other rises of 15~20% in a week.

From: http://www.youtube.com/watch?v=m7gDAvacVcE

 

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