Global Economy Running On Magic Money Since 2008

[cronus]

How's that working out and through?

[Svartalf]

not that well, obviously... well, for that matter, world economy is running on magic money since 1914.

[cronus]

For many years I've observed the formulaic reproduction of true creativity as this 'imagined wealth' gave birth to a stillborn culture of utter impotence. Finally the ultimate hair-dryer is produced, and I think the dud money must be about expired and the time of hyper-inflation is about to ripen upon the fiscal currencies of the globe. Trump is another sign that the times are ready to change into the more interesting stuff we've missed as this beancounters paradise worked it's beancounting way through....and finally out the anal fissure of world civilization.

[Rum]

Money IS magic.

[pErvinalia]

Stagflation is the bigger threat. And right on cue in Australia we had deflation in the last quarter.

[cronus]

Stagflation is the bigger threat. And right on cue in Australia we had deflation in the last quarter.

Global economy is like The Titanic, going up in some places and down in other places. Resource curse nations will be printing more to stave off a deflationary collapse. Doesn't mean there won't be hyperinflation in more 'balanced' economies.

[Rum]

I bet you had an erection when you typed that.

[cronus]

I bet you had an erection when you typed that.

I wish. Need to send off for some Viagra these days.

[pErvinalia]

I bet you had an erection when you typed that.

[laklak]

Silver is a great inflationary hedge. Last time it peaked in 2008ish at over $60 an ounce, had been trading around $7 prior to the run up. That's a tidy profit, plus 90% pre-64 coinage is available by the bag at bullion prices. Conveniently pre-sized for our post-apocalyptic economy, no need for pieces of eight. Currently a bit high at 17, but several analysts are predicting 10 to 12 late in the year. Buy buy buy when it dips. Then there's ammunition. I suggest a mixed portfolio of at least 40% .22 long rifle, 30% split between 5.56 and 7.62, 20% mixed shotgun, and the remainder in heavier calibers specific to your area. I'm going with 30-06, might go .308 or even larger up in moose country.


Don't forget toilet paper. He who controls the loo roll controls the world. Ask any Venezuelan.

[pErvinalia]

Stagflation is the bigger threat. And right on cue in Australia we had deflation in the last quarter.

Got myself confused. Those two sentences are a non-sequitur. But from what I've read, stagflation is the biggest threat. That is, high inflation with low or negative growth.