Serious Any uncles here remember inflation in the 1970's?

[hbk75]

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?

 

[laksaboy]

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.

 

[saynotomsm]

There's no such thing as inflation before 1913. By the way,

 

[blackmondy]

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?

Kacang-puteh increased from 5-cents to 20-cents during my primary school days. That is hyper-inflation.

 

[Filloz]

Fixed deposits was high back then too.

 

[saynotomsm]

https://mega.nz/file/lk0ASAbA#tq25TMUXg6VuXW0qsr8aMRMIGAdiaPdZSEfAkJXypvg

 

[hbk75]

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.

i think they have another non economist fed chair call miller printing money. then middle east war caused oil prices to spike. then ppl dumping usd.

https://en.wikipedia.org/wiki/G._William_Miller

is exactly like now. powell is a lawyer and not trained economist.

 

[hbk75]

Fixed deposits was high back then too.

i remember put $200 ang pow money one year can get $18 to buy mask toys.

 

[face the facts]

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

 

[blackmondy]

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 possesses integrity.

 

[hbk75]

he hike until 20% in 1980 march,
back then it was a vastly different financial markets,

nowadays its a fucking casino

if inflation persist. ang moh could have civil war.

 

[hbk75]

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.

exactly. no money can print until blooming days again.

 

[blackmondy]

exactly. no money can print until blooming days again.

Every cuntry is playing its own "Monopoly" game. Print money, buy houses, scam and go jail.

 

[face the facts]

if inflation persist. ang moh could have civil war.

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

 

[nightsafari]

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.

 

[face the facts]

never found inflation to be accurate. Always underquoted.

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

 

[blackmondy]

End of the day, we are all indirectly working for the illuminati. They invented the numbers game, we have to play it and no way to extract our way out.
This is exactly also why gahmens all over the world are clamping down hard on cryptocurrency. The thought of losing control over their people's finances is unimaginable.

 

[blackmondy]

if inflation persist. ang moh could have civil war.

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.

 

[nightsafari]

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

and you get a gold star for providing a better reason than I could think of.

All the while, all I could come back with was to fool the populace into thinking their savings were safe and they were doing a good job.

Thinking about it a bit more, seems I was viewing it from the lender's side, instead of the borrower's side, but nonetheless, I like your reasoning better.

 

[cocobobo]

I eat meals based on price. Been eating $5 cai png past year. Have seen weight going down. Means I eating less and less.