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Hyperinflation Comic Relief


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#1 nimblebear

nimblebear

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Posted 15 May 2012 - 10:44 PM

This is just too funny to pass up.

From Zero Hedge:

We thought that Jeremy Siegel, Laszlo "the Ruler" Birinyi and Jim Altucher were optimistic with their stock market targets. Sadly, with their equal to or less than 20,000 Dow Jones predictions, the three merely come off as rank amateurs, especially when compared to the forecast of BNP's head of fixed income Philippe Gijesels, who sees the stock market at 100,000 at some point over the next 25 years. However, unlike the previous trio who bases its forecasts on misguided expectations of economic growth, Gijesels may actually end up being right, because his estimate is predicated on one simple thing: hyperinflation, or specifically 12.2% inflation each year, which for a country like America is tantamount to the dreaded H-word. The other premise used by Gijesels: too much debt which has to be inflated. And actually, he is spot on. The only problem is that when the Dow hits 100,000 due to money printing, which is his underlying thesis, one will needed scientific notation to express the price of any hard asset (and most certainly gold), because if America falls in a two-decade long Weimar republic phase, the Dow may well be 100,000 or 100 googol - the truth is it won't matter as the money this number translated to would be absolutely meaningless. Just ask the Weimar Germans, who may have had some tremendous monthly increases in their 401(k) statements, but all they really cared about is whether they had the latest and most fashionable wheelbarrow model.

http://www.zerohedge...stop-dow-100000

So by 2037 that Chevy Malibu you could buy today for $20,000, will be selling for $200,000. Or maybe no petrol powered Chevy's will exist, so your only choice will be a $500,000 Chevy Volt. ;) But the greater question is how many times will our government have bailed out GM during this time span ??? :lol:

Back to the Future " TT Senior citizen 34 year geezer platinum member" post from Rodger Dodger. "Gee. WTF didn't I listen to NB back in 2012, when he had been accumulating ounces of gold dirt cheap since 1999 ? An ounce of gold back then couldn't buy a Trip to Disney World for me and my significant other. But today, in 2037 one gold coin can buy a Chevy Volt. "
OTIS.