What would happen in the USA if we have hyperinflation?
like, the fed prints so much money that we have to lug around wheel barrows full of cash just to buy a bottle of olive oil, and a snickers bar. Does the currency ever become truly worthless? As in absolutely worth 0, and have no purchasing power whatsoever? Then how do we buy things then? What happens after that happens? Do we switch to a different currency? Will we go back to the gold standard? What will happen to my stocks if the dollar goes to 0? I need information please!!! help!!! Thanks!
- FredLv 72 months agoFavourite answer
Then your country ends up like Venezuela where the poorest people eat out of other people's garbage and middle class people can only afford to eat once a day and have to walk everywhere as they cannot afford to run their cars. Don't worry Donald Trump will still be well fed and still using the horrible barber who does his haircuts and he will deny that nearly all Americans are dirt poor when it happens.
- random_manLv 72 months ago
It would be a disaster. But it's not going to happen. The US Federal Reserve has a "dual mandate" - 1) full employment, and 2) price stability, and they take it seriously.
Yes, quantitative easing does increase inflationary pressure, but so far we've had low inflation, and while it may increase somewhat, I'm skeptical that we'd even remotely approach "hyper-inflation" levels.
- Anonymous2 months ago
we have an inflation of 30 years since coup d etait that murdered 30 years the people with a 300-2000"comercial adding" which is an explotation ,the market wasn t free was cashed and marked electrinic registered.the people thought that was the price of Government as it was totalitarism here and they payed a 666 price and died.meaning instead of a packet of biscuits you pay 3 and i saw visions of golden biscuots oil and bread.
The foreigners and shareholders haven t been arrested and judged and i was raped by a spy for 10 years i still didn t get the Divorce and the Spirits came to kill him i didn t know there was law of Self Defeance as it was comunism before .
My family itself sems to have had plenty of spies not knowing about them.or other look to have been possible agents of security which wasn t official also and caused me amnesies .
The inflation was caused by the gipsy with 5 etnivities president who occupied yhe governmebt and was implied on coup d etait and genocide or part of it or of conspracultly of masons ..the president are masons told an agent of security after 25 years ..or so .
I was over 16 years at the time of the false Revolutiom and i lost mind and was raped by a spy and being virgin..everything about me was known by the president that followed altgough nobody knew it was gipsy with 5 etnicietoss and i was cloned by these masons.
The army and police and security actually were having also some bribed position and gipsoes and foreigners ..a native romanian would hardly take such a job and i made a project for arresting all the nations having other name then their own of etnicities and they don t have the roght to jpbs of the state .as now there is privatozation they all must become owbers of firm and the seats are free only for our nation ..the rest can receive representative position with a public office of relations and diplomatic official tv transmited meetongs and reports also but not all kind of same rights anyway only as segregation .one cannot pretend you are what other are and rule the countey while people are killed with hunger .
The inflation also caused alot of illnesses and death like of 666 and the new paper money were having undervalue as nobody knew the president was a gipsy mason who is killing the country and we had 20 000 000 abortions insread of money for condoms at least ..while usa wasn t arrested for using functions of Germany of President of board of Ministers during Empire as President of the Country which is a heresy and a dictatorship .
The inflation also wasn t controlled while i didn t know what was happening around me i was starving and i was raped as i was surrounded by spy students.
The inflation had as purpose perhaps to enrich the richest ever seen people in the world while they took all the money gained by day eben at private as capitalist slavery retirned for a basket with several things of food ..and the basket meaning 1 kilo of salami of 10 $ and increased now to 1 kilo and half ..became a right for parliamebt to exist and rule and is of gipsies and peasants withput being cjecked by police security and prosecution as actually all of these are probably gipsy and peasants as we have a king saint whose head was cut by Otoman Empire who set grek lords then and currently no longer have the foreign name at least ...and the people is led by sathelitic spies and the fraudes are everywhere and i saw God on streets ..and satan..as the clergy was of gipsies also..and the gpverebts were by madons and we were genetically spied we have been sexually abused from.childhood by masoms of popes and some etnogenies with gipsies were having already cloned and new emploees cloned .
The process doesn t take place and people don t know that Pope and masons tortire the country and ate cloning the countey for 15 £ the day of work ...and people aborted their baby while the churches with gipsy priests have never denounced the genetical rape the etnogenetical rapes and the politocal genetocal rape and pope and catgolicism.must be disolved.they can receive author rights e.g from their covilisation politocal functions used worldwide but by emission not as taxes ..othetwise we must gove up..at them.as i sawvision of child as baloon and black flag as of pirats .
The prices of our and imported should have been politically evaluated and equalised but nobody could do so as long as thr goverebt is a building occupied by thieves ..i stead of having democratoc assemblies ..the masons defies us with stolen old so called democratic partoes..while these are straling by Votes our right to Speach and legislation and money emission as personal historical rights and jobs ..and they do this money emmission just for them.and they hire some peiviledge petsons who hide their crimes .
Nowadays *** there was the consequences of socialism.the respectove president should have been among the people that should have been arrested as part of socialist system.who until today didn t print mo ey to pay for the damages of a cloning society and a society containong just clones as they were gipsies and had satanic power..here they cannot have such jobs and functions it s not their country it s like you try to go to beach while Himalaya is occupying the beach...dayly trying to climb 8000 meters..that is impossible ...and people don t know and the crime was done by masons eho are of differebt etnicieties afyer an immigration of 200 years in Usa since Independance war and anyway everything is secretly and people do not believe as the politicians are all the time telling lies..e.g huge totalitarist porttait of campaign sauing ..With Cleaned Hands ..
And we are having a fairy tale of a cjatacters entitled ..like Lie / Fooling ..and i saw such achatacter with kind of American car ..as i was on the road after 70 years of work of my family to go to teach into vilages..from.whete actually i was raped by the greek spy..who have no identity of etnicity ob the identity card and the jobs of governmebt policy army security prosecution and court and goverebt must be vriminalised and all death and illnesses criminalised as belonging to them ..tge killed dictator at genocid e.g had...just primary school ..and by now his etnicity is hiden ..
He probably left the village during germain king and was allowed in the city where he was arrested .at 15 y.o..making aglory of the fact and called president by masonery who exterminated half of the planet using nuclear guns in genocides and for the arrest at after world war two for comunism..and the cause actually is created by canada and the queen who caused 2. World wars by bot aving a Treat for foreigners during the increase of the world population while the money are not emited and the women got pregnant by the lack of hygiene the lack of money and by spies ,the lack of legoslation as these means enslaving a state to work while there are gipsy spy beggar with 10 kids of the male victime with an uncle captain in the past .
- Warren TLv 72 months ago
Hyperinflation is usually the result of a country getting so far in debt, the world stops buying their debt and they turn to monetizing their debt which basically means they create money out of thin air to pay their obligations. The problem is that they are increasing the money supply and with more money chasing the same amount of goods and services, the cost of those goods and services are going to go up which means the government has to create even more money. At some point the inflation rate gets so high it becomes hyperinflation. I don't think they considered hyperinflation if it isn't in the triple digits. Another thing is that they use a monthly rate instead of a annual rate. There have been a number of countries that have gone through a period of hyperinflation. The most famous one was Germany of the 1920's.
I suspect that most financial experts and economists see very little if any chance of hyperinflation which makes it dangerous because you have to prepare for it before it happens after it is here there is nothing you can do. That is why the rich will be big winners with hyperinflation because they are paying good money for experts to be looking for signs of hyperinflation
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- JohnLv 52 months ago
The money being printed is for Quantitative easing. This does not enter circulation, it merely makes the super rich, even richer :-))
Quantitative easing, buys bonds that large corporations have issued, think Apple, Exxon, Bank of America, Amazon. So this cash goes into Jeff Bezos back pocket, making him richer :-))
The ordinary shareholders of these companies do not get richer, so Warren Buffett doesn't benefit, or your pension, it is the major bondholders, who are often the directors of the Corporations.
Hyper inflation won't happen because it would destroy the Federal Reserve, and the US bankers are not quite that stupid, although sometimes I do wonder?
Yes effectively the money can become worthless, check out Zimbabwe under Mugabe.
If you like reading, the book ~Money, an unauthorised biography~ by Felix Martin is well worth a look, it explains various scenarios but also how moeny works and when it goes wrong.
- ZirpLv 72 months ago
Most of the money in the world is not printed. It is created out of thin air by BANKS, in the form of CREDIT. Creating money by itself does not have to cause inflation. Quite recently, the European Central Bank created 80 billion euro a month in an attempt to cause inflation, and failed to cause inflation.
Most inflation is caused by interest and greed, and by people/companies raising their fees to keep up with inflation.
Wheelbarrows are unlikely, as most people will choose to pay by creditcard/debetcard.
Going back to the gold-standard would stop economic growth almost completely.
Of course, as long as the US-dollar is used as international (oil-)currency, all of this is highly hypothetical and speculative
- OiyLv 62 months ago
The US dollar will lose its status quo as a strongest reserve currency. Countries around the world will dump the dollar for gold. The US will not be Able to pay the debts and even interest. Government Must stop any investment and purchasing activities. It will be a shortage of goods and services everywhere. We will turn to be Zimbabwe. The government will just change the name of the dollar like a new dollar. And it will keep bullying China and Chinese for political purposes. We won‘t die, believe me.
- Pearl LLv 72 months ago
then we wouldnt be able to afford stuff as much
- PearlLv 72 months ago
then people might not be able to afford stuff