Do you have a plan for when the hyper inflation hits?

[Rio]

Sooner or Later, Brics is going to cause the world to dump the biden weaponized dollar. And all those dollars will come home and flood the market.

Will you run to another country? Do you have a lot of assets you own rather than cash? Do you have a hidden stash of food/resources ready?

[Xero_Daxter]

I still sleep like a baby.

[HypersleepyNaputunia]

metal real money

try to inflate that joe warbucks

[Computer]

not buy anything

[Hobbit XIII]

Brics will start exporting jobs to the UK for a cheap workforce then.

[permanent name]

That's kind of the idea behind high value currencies like bitcoin tho right?

I mean in a world where crypto is stable anyway.

You don't have to bring a wheelbarrel to the store with you; just use your phonecard.

Also finally, 100 cent coins.

The system of leverage propping all these currencies up is mutual, so one country experiencing hyperinflation merely lowers the value of their forex market; it can't eliminate their value entirely, as a currency, without taking everyone else's out too.

In which case I might be more interested in the stock market, as it's more likely to represent tangibles instead of being a front for forex.

[brain stew]

Put on a pot of tea and feast upon the anarchy that ensues around me.

[HypersleepyNaputunia]

pennies are worth 2 c3nts each if you m3lted them downsoyou can double your money lol

[Rio]

permanent name eredeti hozzászólása:

That's kind of the idea behind high value currencies like bitcoin tho right?

I mean in a world where crypto is stable anyway.

You don't have to bring a wheelbarrel to the store with you; just use your phonecard.

Also finally, 100 cent coins.

The system of leverage propping all these currencies up is mutual, so one country experiencing hyperinflation merely lowers the value of their forex market; it can't eliminate their value entirely, as a currency, without taking everyone else's out too.

In which case I might be more interested in the stock market, as it's more likely to represent tangibles instead of being a front for forex.

The idea of bitcoin is trying to hide what your doing from the government. And trying to get away from the central banks. Or its about every transaction being seen and tracked, which has in the past been thwarted with cash jumblers like tornado cash that was shut down

https://www.youtube.com/watch?v=x7gaqhF-wrQ
https://www.youtube.com/watch?v=Ic8zdMNoIUc

But bitcoin has nothing backing it. And anyone can make a new digital currency, a recent point some have made is

"Hamas, Hezbollah Now Prefer Tron to Bitcoin: Reuters"

Because Tron is cheaper.

"The Tron blockchain has overtaken Bitcoin as the cryptocurrency network most favored by groups such as Hamas and Hezbollah"

There has been a sharp rise in cryptocurrency seizures from Tron wallets since 2021 and a decline in those from Bitcoin wallets, Reuters' analysis found."

As you can see by the word "seizures" digital currency isn't safe from governments taking it.

[L1qu1dator]

My plan is to not be around when that happens.

[HypersleepyNaputunia]

if its planned type of hyper then the mysterious they willhave a enticing alternative to coerce you to change from private cash to whatever that is, easily trackable totally controllable digital dollar, card or something.

plans cant go forward with untraceable uncontrollable cash

[Uncle Sam]

Same plan as the people who knew what was going on during the 1929 crisis, 1978-79 crisis, dot com bubble crisis, 2008 crisis, everything that goes up eventually goes down, etc.

[Daenoxiis]

John Q.

[Rio]

Uncle Sam eredeti hozzászólása:

Same plan as the people who knew what was going on during the 1929 crisis, 1978-79 crisis, dot com bubble crisis, 2008 crisis, everything that goes up eventually goes down, etc.

so when's food going back down to 1929 prices?

"The average price for a 1/2 gal. of milk cost 33 cents back in the day."

Because we'd love our saved money to have this much buying power.

"1/2 Gallon – Whole Milk. $4.00- $4.33" -2024

So we have 1000% inflation in almost 100 years?

[miakisfan]

The hyper inflation hit the moment Joe Biden got elected and started changing the rules.

You either learn to live with it or hope that those who voted for him will wise up and not vote for him the next time.

[Uncle Sam]

Sashie eredeti hozzászólása:

Uncle Sam eredeti hozzászólása:

Same plan as the people who knew what was going on during the 1929 crisis, 1978-79 crisis, dot com bubble crisis, 2008 crisis, everything that goes up eventually goes down, etc.

so when's food going back down to 1929 prices?

Highly unlikely, profit over literally anything else is a motto for some people.