tag:blogger.com,1999:blog-13729569.post8100741473999342355..comments2024-03-23T05:42:07.516-04:00Comments on The Deliberate Agrarian: How To Get Through The Coming Hyperinflation(Part 1)Herrick Kimballhttp://www.blogger.com/profile/17116051416696885647noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-13729569.post-23205740448366750842014-07-10T13:11:32.960-04:002014-07-10T13:11:32.960-04:00Use the Rule of 72 for figuring compound interest....Use the Rule of 72 for figuring compound interest. Divide 72 by the interest rate to find how long to double.<br />72/10% = 7 years for prices to double. YikesAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-13729569.post-84569483978845157742013-10-29T12:13:00.146-04:002013-10-29T12:13:00.146-04:00I think inflation over the last 5 years is higher ...I think inflation over the last 5 years is higher than 10%. A lot of stuff I buy has doubled in price (like pet food). Anything containing sugar and corn syrup is up from 40% to over 100%. Sea food is unaffordable and what is affordable is farm raised (tastes like crap and is laden with bacteria). And I've lost track of all the companies that shrank the size of the container while raising prices. Not only do government numbers lie, they'll going to kill us old folks with a chained CPI, so we can't even afford cat food.sharonsjnoreply@blogger.comtag:blogger.com,1999:blog-13729569.post-73200879954089897312013-10-29T04:17:42.131-04:002013-10-29T04:17:42.131-04:00John—
You're right. I didn't take compound...John—<br />You're right. I didn't take compounding into account. Compound theft adds up to a lot over time. <a href="http://www.usinflationcalculator.com/inflation/historical-inflation-rates/" rel="nofollow">This Web Page</a> shows the monthly and yearly average inflation rates for the past 100 years. It ranges from 18% to -10.5%. <br /><br />But the government formula for calculating inflation has changed over the years so I don't know how accurate it all is. The bottom line is, of course, that fiat-money inflation is a devious mechanism for robbing the people unawares. As long as the economy is growing and prospering, few people notice or care. But that is certainly not the case now, and we are surely experiencing inflation in energy and food prices beyond what the "official" numbers show.Herrick Kimballhttps://www.blogger.com/profile/17116051416696885647noreply@blogger.comtag:blogger.com,1999:blog-13729569.post-890289297207539612013-10-28T22:19:51.235-04:002013-10-28T22:19:51.235-04:00I get just over 3.2% as well. When interest builds...I get just over 3.2% as well. When interest builds year over year, as interest does, it is compounding. ECON 101.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13729569.post-59209287347593585502013-10-21T09:11:37.110-04:002013-10-21T09:11:37.110-04:00"According to This Online Inflation Calculat..."According to This Online Inflation Calculator, it takes $472.48 in today's dollars to purchase what you could buy for just $20 in 1913. So the U.S. inflation rate for the past 100 years has been 2,262.4%. Hmmm.... that's looks like more than 3% a year."<br /><br />According to my calculations that is just under 3.25% per year when viewed like a compounding interest situation. Still more than 3%, still robbing the citizens. I agree with you on everything else, just disagree with your math. $20 dollars earning 3.25% compounding per year for 100 years comes out to $474.40, unless I am calculating wrong. -JohnAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-13729569.post-71789001884295160702013-10-19T19:28:31.448-04:002013-10-19T19:28:31.448-04:00Anonymous—
That's odd. The link takes me to &q...Anonymous—<br />That's odd. The link takes me to "Welfare Mobs Strip WalMart," which was the 10/15 broadcast.<br /><br />John C.—<br />Thanks for the link.<br /><br />Sunnybrook Farm & Ron C.—<br />I'm pleased to know that you listened to the Crash Course. I hope your comments will be an encouragement for others to listen to it. And I think you are thinking right, Ron.<br /><br />Herrick Kimballhttps://www.blogger.com/profile/17116051416696885647noreply@blogger.comtag:blogger.com,1999:blog-13729569.post-22003036165248678132013-10-19T18:24:48.471-04:002013-10-19T18:24:48.471-04:00Which broadcast date from Buehner are you referrin...Which broadcast date from Buehner are you referring to? The link just goes to their homepage.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13729569.post-37754312894776816342013-10-19T10:24:54.296-04:002013-10-19T10:24:54.296-04:00I read When Money Dies about two years ago and I a...I read When Money Dies about two years ago and I am eagerly awaiting your take on it. I found the explanation of the words Million, Billion, and Trillion fascinating. Billion and Trillion actually used to be bigger numbers than they are today. We're probably going to need to revert back to their old meaning before long...<br /><br />I found the Economic Crash course from your previous post most helpful when he explains what a dollar is and how it is created. The comments on how then does everyone pay the interest explained everything to me...Why a Gold standard is so abhorrent to many people and why the money supply is expanding exponentially.<br /><br />Hyperinflation becomes inevitable when it is politically unpopular to make the right choices to keep inflation under control. The recession that comes afterwards to fix the hyperinflation can only happen after the populace is completely crushed and begs for the inflation to stop. The events in Washington these last few weeks demonstrate that we are no where near ready for the recession that will fix all things. It will surely be much worse than the Great Depression.<br /><br />I think the only way through this is to buy land and stick with heirloom garden seed and heritage breed livestock where you can save seed from the previous year to plant for the next year, or use the offspring from the previous year to reproduce for the next year. Save seed back so you can handle crop failure two or three years in a row and so you can help others. What is coming will last far too long to ride it out by hoarding food or gold now. One needs to consider every purchase from here on with an eye towards whether it will be an asset or a liability when there is no gas or electricity to run it.<br /><br />Problems and difficulties create opportunity and we are going to see tonnes of opportunity and fairly soon I expect.RonCnoreply@blogger.comtag:blogger.com,1999:blog-13729569.post-44186010625723658232013-10-18T20:26:01.607-04:002013-10-18T20:26:01.607-04:00On No! Congress is back at work (the furlough end...On No! Congress is back at work (the furlough ended). Quick, Herrick, we need Part 2!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13729569.post-80221365320264432852013-10-18T19:22:54.931-04:002013-10-18T19:22:54.931-04:00I finished the Crash Course that you posted a whil...I finished the Crash Course that you posted a while back and it should be taken by anyone serious about knowing what is going on. Wait until even the slow to learn figure out how they have been lied to by both parties.Sunnybrook Farmhttps://www.blogger.com/profile/18135224259672444423noreply@blogger.comtag:blogger.com,1999:blog-13729569.post-42213280284698364892013-10-18T16:30:03.339-04:002013-10-18T16:30:03.339-04:00Good stuff to chew on as always. Thanks! Eagerly ...Good stuff to chew on as always. Thanks! Eagerly awaiting part 2.Cyndi Lewishttps://www.blogger.com/profile/05794693752183307243noreply@blogger.comtag:blogger.com,1999:blog-13729569.post-43838046416375933942013-10-18T16:25:41.370-04:002013-10-18T16:25:41.370-04:00here is another interesting article on American wa...here is another interesting article on American wages measured in gold.<br /><br />http://www.forbes.com/sites/realspin/2013/10/09/measured-in-gold-the-story-of-american-wages-is-an-ugly-one/Jon C.noreply@blogger.comtag:blogger.com,1999:blog-13729569.post-8871029243041769862013-10-18T15:28:19.768-04:002013-10-18T15:28:19.768-04:00Rozy Lass,
Thanks for the definition. I don't...Rozy Lass,<br /><br />Thanks for the definition. I don't disagree with it. I think it coincides with what I've written. Clearly, the government can't increase the supply of specie (gold & silver) like it can paper money. More paper money in circulation dilutes the value of all paper money in circulation, thus stealing wealth (the purchasing power, or value) of money that people have earned and saved. <br /><br />Did Mr. Maybury offer any solid advice in his book for how to get through a hyperinflationary nightmare ?Herrick Kimballhttps://www.blogger.com/profile/17116051416696885647noreply@blogger.comtag:blogger.com,1999:blog-13729569.post-17907441669735473042013-10-18T14:36:35.989-04:002013-10-18T14:36:35.989-04:00Let's get definitions straight-Inflation is an...Let's get definitions straight-Inflation is an act of government to make the supply of money larger than it was. This act results in spiraling price and wage increases. the government can artificially suppress the spiral for a while but it will eventually get out of control. Richard J. Maybury explains this in his book "Whatever Happened to Penny Candy." I highly recommend this book to understand economics.Rozy Lasshttps://www.blogger.com/profile/06019413665136390175noreply@blogger.com