Recession, Hyperinflation, and Stagflation: Crash Course Econ #13
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Date: 2022-04-04
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Comments and reviews: 7
Dan
As of today, 5/2/2020, Our situation is much worse than 1929 and 2008. The interest rates are already at 0 and 30, 000, 000 officially unemployed. Unofficial estimates are as high as 50, 000, 000. People need money in order to spend. People don't have the money. Consumers account for 70% of the economy. The recession is already here. Let there be no doubt in your mind, that we are on the verge of an economic DISASTER. The dominoes are falling and it's only beginning. The printing presses are running 24/7 and it still won't be enough to save us. Hope that some of you have acquired some silver and gold over the years.
reply
As of today, 5/2/2020, Our situation is much worse than 1929 and 2008. The interest rates are already at 0 and 30, 000, 000 officially unemployed. Unofficial estimates are as high as 50, 000, 000. People need money in order to spend. People don't have the money. Consumers account for 70% of the economy. The recession is already here. Let there be no doubt in your mind, that we are on the verge of an economic DISASTER. The dominoes are falling and it's only beginning. The printing presses are running 24/7 and it still won't be enough to save us. Hope that some of you have acquired some silver and gold over the years.
reply
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Could a hyperdeflation occur? Would it bring a loaf of bread back to the value of $0. 02 or would redenomination (similar to pound of 1971) be better for the same outcome (bread at $0. 02 without skrewing with living standards?
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Could a hyperdeflation occur? Would it bring a loaf of bread back to the value of $0. 02 or would redenomination (similar to pound of 1971) be better for the same outcome (bread at $0. 02 without skrewing with living standards?
reply
JJPR259
And here I am in Venezuela, where the goverment eliminated zeros, printed and change the currency. And for those that dont know, we closed 2019 with 5. 395. 536. 286%
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And here I am in Venezuela, where the goverment eliminated zeros, printed and change the currency. And for those that dont know, we closed 2019 with 5. 395. 536. 286%
reply
Wahidul
If Germany gave the printed money to their allies directly (i mean without circulating the money in Germany's market) will it cause inflation?
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If Germany gave the printed money to their allies directly (i mean without circulating the money in Germany's market) will it cause inflation?
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CarsWithFrank
Can merely talking about a looming recession -just around the corner- send people into panic and actually trigger a recession?
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Can merely talking about a looming recession -just around the corner- send people into panic and actually trigger a recession?
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mimosa9188
hmm. there will be high inflation after the stimulus package issue by trump govt. while high unemployment rate = stagflation.
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hmm. there will be high inflation after the stimulus package issue by trump govt. while high unemployment rate = stagflation.
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education
First minute, $1 TRLN DMK / $1 USD. Next sentence, 1, 000 bln DMK in circulation. So the entire currency was worth $1? GTFO.
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First minute, $1 TRLN DMK / $1 USD. Next sentence, 1, 000 bln DMK in circulation. So the entire currency was worth $1? GTFO.
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