12 Warning Signs of Hyperinflation

You are correct, of course. The one thing that bothers me is that kids today aren't really being educated to be able to independently support themselves. They are being trained how to work for others. So when the "others" aren't hiring, they are a bit lost.

 

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That is true for the great majority. Much is due to the allotment of government grants and aid. Today it is quite different than in the 60'S when the "Sputnik" gap led to great infusion into the sciences and math areas of education. Rather funding shifted towards trying to close society's gaps and produced an overabundance of college graduates with somewhat ill needed degree areas that depended on government employment or dependency. True at the time, it was probably needed as much as the science and math initiatives, but it produced an imbalance in areas of study, IMO. It seems it was found that by steering students , even extremely able and bright ones, into these areas rather than science, math,finance, etc. , the governments ( state and federal) didn't have to work so hard to develop the necessary study ethics and repetitions needed and to pay for the teachers experienced in those areas. Even today, in High and prep schools, there is usually no salary difference for vocational or ESL teachers and science, math, or business teachers. So the standards of excellence for high schools and community colleges appear to be dropping constantly, as students are the "buyers" in that market. If they drop out or take less units in college, the school loses money, so the students are driven towards "employee jobs" rather than "employer

jobs" if any. Look at your local paper. How much space is given to student athletes and athletic events? How many will go on to earn a living at it? Now look at how much space is given to pure academics in the paper . To quote Pogo,"Yep Son, WE HAVE MET THE ENEMY AND HE IS US. Imo.

Jim
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To validate somewhat, The San Diego Union today has a story on "Working for Peanuts". It says " Of the 50 professions projected to have the most job openings in San Diego county by 2018, nearly half have a median salary of less than $25,000/ year. That's a long running trend"

It is expected that 350,000 jobs will be added in that period. The county median income is $47,700.

Also from the article " Economists warn that if the trend continues, the county will be divided into the highly paid corporate executives, engineers, and the lower paid manual workers, with a dwindling middle class".

Rhetorical question : Is your county different? The implications are severe. IMO

Jim

 

when i was in the 6th grade, way back in 1969 ... i used to sell 5 cent Big Buddy bubble gum sticks (they were 1 foot long, remember those) for 10 cents to kids at school ... I made a lot of money (for a little kid) pretty easy to do when you double your money every cycle.

what eventually happened was i got dragged into the principals office who asked me accusingly "where is your peddlers license?"

the schools in the U.S. (perhaps the world?) never encourage entrepeneurship ... they want to produce lemmings that follow orders and stay in line ... it's a shame really

imagine if there was a required class in high school "How to start and run your own business" ... how great would that be. It could cover everything from creating a successful business plan ... to techniques to reduce overhead ... to filling out Schedule C

 

silver touched $39 a few minutes ago ... then backed off back into the $38's

I think silver is up over $4 an ounce since I originally posted this thread

 

Down and down the dollar goes,
Where it stops? Nobody knows............

 

Yeah! ...and what's up with GPSs? No one under the age of 30 knows how to read a map! My Niece came to visit and her GPS sent her into downtown Baltimore...I had to drive to Baltimore to rescue her...(geeze). :rolling:

 

Haha! So true. Maps are a thing of the past. Most young people were never good with geography, now most can't even read a map!

 

LOL if I know one thing about Baltimore it's that Green street is your ticket out! I am a recent 30 something, but I won't touch GPS with a 10 foot pole. Maybe I'm just a control freak

 

That reminds me of one of the funniest viral videos I've ever seen ...

http://www.youtube.com/watch?v=lj3iNxZ8Dww

 

I know how to read a map, but I also love my GPS. I suppose there were some people who were upset that the kids never learned to use a sextant when maps first became all the rage.

 

Yeah. I'm ****ed my dad didn't show me how to navigate on the open seas using star charts.

 

here is a doomsday scenario of the coming inflation:
It's a long listen but, IMO, worth it. Even if less then half of it is on target we're in big trouble.
heads up - At the very end of the presentation there's a hustle to buy an investment newsletter.

http://www.stansberryresearch.com/pro/1103PSIEOAVD/OPSIM402/PR[/url]

Debt Jumped $54.1 Billion in 8 Days Preceding Obama-Boehner Deal to Cut $38.5 Billion for Rest of Year

 

But what would be the implication of the Obama-Boehner Deal (or budget cut) on the PM price? or any impact at all?

 

Because the $39billion cut might be considered spitting in the wind I don't believe it'll have any downward impact on the price of PM. Some money may bet on increase in PM because the administration demonstrates again it's not aggressively tackling the debt\deficit.

I'm regretting selling my 2010 AGE four coin album at the Baltimore Whitman show.

My son just sent me an email stating the Stansberry Group was fined by the SEC. That takes a lot of wind out of his sails. I still think it's an interesting listen.

 

Peter Schiff getting completely blown off on CNBC as he discusses the magnitude of rate hikes required to control inflation:

http://www.bullsource.com/peter-schiff-on-silvers-huge-q1-gains/

Interesting that they don't really argue with his point but pooh pooh it and move on. As many have posted here, the Fed has it's back against the wall with only two options 1) prevent failed treasury auctions by continuing to buy our own debt or 2) end the program and hope that the immediate double or triple in bond yields is enough to attract reluctant buyers and hope this is enough to prevent default.

Profligate money management in Washington has lead us to this point and there is no real solution that does not involve significant pain. I'm glad I have some PM's to soften the blow. :hammer:

Regards,

Bluesboy65

 

Another warning sign of hyperinflation is when you use the restroom at the restaurant and instead of toilet tissue they have stacks of dollar bills in the stalls. right now a roll of tissue typically has three hundred sheets and sells for about 75 cents, or 4 sheets for a cent, so if inflation raises the price 4 times it would be a cent a sheet, 400 times it would be a dollar a sheet, so after 400 times it would be cheaper to use a dollar bill rather than a sheet of toilet tissue.

Since copper commodity would probably match inflation, you probably still could get 4 sheets of toilet tissue for a copper cent.

 

That is exactly what my husband said after the last Presidential election. Thankfully, my husband is still going - though slowly.

 

Except that it won't break down in water, so you'll be needing to call the plumber soon. And the plumber will only accept payment in specie, since he'll already be getting all the greenbacks he wants for free...

 

On the flip side, it is also important to consider the source of the information you collect.

http://wiki.answers.com/Q/Who_is_Porter_Stansberry