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Do You Know What Inflation Means?

CrownThomas's picture





 

As told by a woman who lived through the Weimar Republic era...

 

"A few skepticals however, thought it safer to fill up shelves and drawers. Soon everybody wanted to be safe for months ahead, and the people began rushing to the stores. This buying of course raised the prices, and the scarcer goods became, the more feverish people bought"

 


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Thu, 11/15/2012 - 12:24 | Link to Comment Rearranging Dec...
Rearranging Deckchairs's picture

One thing that's funny is that at 8:12 the image of a store that is advertising

Beurre, Fromage and Oeufs is likely in Post War France. Perhaps its Alsace which ended up being in France post Treaty of Versailles.

Other storefronts however were in German.

 

Thu, 11/15/2012 - 12:21 | Link to Comment moneybots
moneybots's picture

I thought deflation was what could not happen here.

Thu, 11/15/2012 - 12:12 | Link to Comment Rearranging Dec...
Rearranging Deckchairs's picture

Glenn Beck is wrong. This seizing of the military ship is great news. Can we just give our Navy away and cancel our trillions in debt. Come on u know Bill Gross and El Erian would like to have a corporate battleship. How about a corporate F22?

 

 

Thu, 11/15/2012 - 12:17 | Link to Comment Rearranging Dec...
Rearranging Deckchairs's picture

Also food rationing is a great idea. I mean a quick look at the average american wasteline will tell you we actually need it. I guess Bloombug is just ahead of the curve with his prohibition on soda's ( that's pop for some of u) sizes.

 

Thu, 11/15/2012 - 12:07 | Link to Comment GFORCE
GFORCE's picture

When Americans are pushing wheelbarrows of dollars, the chairman will claim inflation is at 5% and is transitory!

Thu, 11/15/2012 - 11:57 | Link to Comment Toolshed
Toolshed's picture

Glenn Beck video on ZH? WTF? I stopped watching (only started watching, against my better judgement, due to my faith in ZH) when he asked would Russia or China seize US assets in leiu of repayment. Yeah, sure........after the nuclear dust settles maybe. Beck is an absolute sensationalist moron and has no place here, or anywhere for that matter. ZH, which I respect greatly, just hit a historic low. Very sad.

Thu, 11/15/2012 - 11:40 | Link to Comment darteaus
darteaus's picture

Just one correction:

They burned the money because people need to stay warm and it was cheaper than buying firewood with it.

Thu, 11/15/2012 - 11:36 | Link to Comment skam
skam's picture

Mo' money, mo' money, mo' money! (?)

Thu, 11/15/2012 - 11:20 | Link to Comment Shizzmoney
Shizzmoney's picture

I love how the NeoKeyesians I follow on twitter scoffed at the CPI report today, "QE3 and Hyperinflation....CPI prices only jumped 0.1% LOLOLOLOLOLOL"

But if they looked closer, they'd see that food is up, along with rent/shelter, which jumped 0.03%.  That may not seem like much now, but if that path continues, it means rents will be on pace to go up by 2-3% YOD.  That is NOT good.......especially since wages won't keep up with that increase.

When people can't afford shelter, then they start not being able to afford food.  That's when windows get broken.

Thu, 11/15/2012 - 11:26 | Link to Comment Joe Davola
Joe Davola's picture

Windows getting broken is good in the parlance of the twitterati you follow.

Thu, 11/15/2012 - 10:09 | Link to Comment Hedgetard55
Hedgetard55's picture

Sorry, Glenn, Russia and China will not be taking collateral for their bonds, they will be paid back in freshly printed Bennie bux.

Thu, 11/15/2012 - 11:24 | Link to Comment optimator
optimator's picture

And what if they want to be paid in gold?  Lol.

Thu, 11/15/2012 - 10:04 | Link to Comment topspinslicer
topspinslicer's picture

It means when my obama bumper sticker neighbor comes a knockin' on the door for a hand out I lets out a belch and close the door -- economic stupidity is a beach

Thu, 11/15/2012 - 11:15 | Link to Comment madcows
madcows's picture

ha, I read that too fast and thought it said "OBama Humper".  You must live next to Chris Matthews.

Thu, 11/15/2012 - 10:04 | Link to Comment Pseudolus
Pseudolus's picture

A result of mass economic illiteracy, so couldn't happen like that again post-Keynes

And we shouldn't take the female perspective as their inflation expectations are usually (irrationally) high, especially among the lower classes.

This kind of 'price inflation' is a kind of monetary hysteria

Thu, 11/15/2012 - 10:35 | Link to Comment madcows
madcows's picture

Every high school should require an economic literacy class that deals with balancing budgets, how credit works, balanching your check book, etc...

Forget the requirements for home ec. and gym and how to deal with bullies.

Thu, 11/15/2012 - 11:26 | Link to Comment optimator
optimator's picture

I think that does get a mention, in mandatory Holocaust Studies.

Thu, 11/15/2012 - 11:10 | Link to Comment LawsofPhysics
LawsofPhysics's picture

"how credit works"

----------------------------

Accordingly the bernanke, there is no cost for capital creation.  FYI, he is the fucking bully, and he is losing control.

Thu, 11/15/2012 - 10:46 | Link to Comment Pseudolus
Pseudolus's picture

Totally agree

Its no accident such things aren't on the mandatory curriculum

Thu, 11/15/2012 - 10:01 | Link to Comment topspinslicer
topspinslicer's picture

Yeah I knows what it means -- it be meaning master obama gots us where he wants us

Thu, 11/15/2012 - 11:41 | Link to Comment Zero Govt
Zero Govt's picture

only if you're fool enough to be a sitting duck (target)

move, it's damn hard to herd 1,000 Swifts

Thu, 11/15/2012 - 09:31 | Link to Comment ncdirtdigger
ncdirtdigger's picture

When money dies.

Thu, 11/15/2012 - 11:42 | Link to Comment kridkrid
kridkrid's picture

PDF version is easy to find and load onto your reader. I suggest everyone do so.

Thu, 11/15/2012 - 09:29 | Link to Comment Zero Govt
Zero Govt's picture

debt bubbles, debt bubbles everywhere starting to implode shovelled too high or onto the most risky

then bubbles Bernanke comes to the rescue blowing even more bubbles

what a fantastic debt/parasite system

the Monopolist Matrix banking system heads toward the grave, don't let these parasites take you with it..

Stop Paying Tax ...you're giving credit to the Monopolists 

Thu, 11/15/2012 - 09:13 | Link to Comment duo
duo's picture

The initial starvation of Germany in the 1018-1919 winter was because of a British blockade that stayed in place even thought the war had ended.  About a millions German civilians starved that winter.

Thu, 11/15/2012 - 09:08 | Link to Comment Herkimer Jerkimer
Herkimer Jerkimer's picture

Big congradulations to The Blaze and GBTV for making onto the Hedge!

 

GB has used the Hedge to reference finance for years and hence how I discovered you guys a few years ago, and now, know everything before everyone else!

 

Love what you guys are doing. Keep up the fine work.

Illegitimi non carborundum

 

•?•
V-V

Thu, 11/15/2012 - 11:59 | Link to Comment Toolshed
Toolshed's picture

Glenn Beck is a huge waste of natural resources. Period.

Thu, 11/15/2012 - 08:46 | Link to Comment MickV
MickV's picture

Inflation means Increase in the money supply. The rise in prices is the RESULT of inflation.

Thu, 11/15/2012 - 09:28 | Link to Comment madcows
madcows's picture

There's more than one kind of inflation.  CTRL P is only one kind.  Dollar devaluation b/c noone wants your money any more is another.  The FX markets are in a tug of war.  They can't figure out whose money they want less, ours or Europe's.

Thu, 11/15/2012 - 08:41 | Link to Comment ZeroPoint
ZeroPoint's picture

Glenn isn't talking out his ass this time. It's refreshing.

 

 

Thu, 11/15/2012 - 12:01 | Link to Comment Toolshed
Toolshed's picture

The only time Glenn Beck isn't talking out of his ass is when he isn't talking.

Thu, 11/15/2012 - 02:26 | Link to Comment Godisanhftbot
Godisanhftbot's picture

  The next time some bozo is paid 50 million for batting at ball around, thing about that video.

 

 

 

 

Thu, 11/15/2012 - 11:41 | Link to Comment darteaus
darteaus's picture

He's only a bozo if he plays for the Red Sox.

Thu, 11/15/2012 - 02:10 | Link to Comment ultraticum
ultraticum's picture

Could never happen in an "advanced (centrally managed) economy" like the USA.

/S

Thu, 11/15/2012 - 09:45 | Link to Comment a growing concern
a growing concern's picture

I just hope, when China and Russia seize our military assets as debt collateral, that they have the good sense to seize some congress critters as well - and put them to work straightaway in some of their remotest slave labor camps.

Thu, 11/15/2012 - 10:17 | Link to Comment Enslavethechild...
EnslavethechildrenforBen's picture

Expect the (imaginary) debt to climb up into the quintillions mid 2013 causing gasoline to $100 per gallon. They'll blame it on mid east war (they'll start that soon)

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