Kacang-puteh increased from 5-cents to 20-cents during my primary school days. That is hyper-inflation.I read and inflation was 7.3% in 1978 and 11.6% in 1979. Then volcker was asked to solve the issues and he hiked rates until 15-16%?
Now inflation 7% is like 1978 liao. powell still relax and printing money.
Any uncles remember sinkapore 1978-79 got inflation?
Not born yet. There was problem with Iran, no?
Another weak Democrat US president in charge. But at least Jimmy Carter didn't molest children like the current one.
Fixed deposits was high back then too.
I read and inflation was 7.3% in 1978 and 11.6% in 1979. Then volcker was asked to solve the issues and he hiked rates until 15-16%?
Now inflation 7% is like 1978 liao. powell still relax and printing money.
Any uncles remember sinkapore 1978-79 got inflation?
he hike until 20% in 1980 march,
back then it was a vastly different financial markets,
nowadays its a fucking casino
The whole economy is a con game. That's why it's called "eCONomy". Every con contributes to GDP output, whether legal or illegal, fair or unfair, right or wrong.
The world can never be a better place if everyone is honest and has integrity.
Every cuntry is playing its own "Monopoly" game. Print money, buy houses, scam and go jail.exactly. no money can print until blooming days again.
if inflation persist. ang moh could have civil war.
never found inflation to be accurate. Always underquoted.its already 10-15% methinks, govt statistics are mostly intentionally inaccurate, those fuckers at the fed are just adjusting policies to suit their own agendas,
once the US introduce the CBDC (central bank digital currency) , the working class will get fucked even more, total control of your money, scary
never found inflation to be accurate. Always underquoted.
Don't give them too much credit. They didn't even dare start a civil war when they knew a fake president was elected thru fraud.if inflation persist. ang moh could have civil war.
and you get a gold star for providing a better reason than I could think of.its worldwide, all govt grossly understate inflation because all of them borrow heavily,
you lend them lets say $100 on day 1 , this $100 can buy, lets say 10 tables
2 years down the line they pay you back $110 (including interest), the $110 can only buy 6 tables.....you are screwed
they actually inflate away their debt by paying you only 6 tables back....with a weaker currency