Most do not know that your credit/ debit card can handle a dozen extra decimal points just in case Hyperinflation kicks in. There is also provision in most purchasing software to do same minute reorder. This buys up though the supply chain as fast as possible so the effect of inflation is negated. This means that companies choosing the right software are OK but stores doing things the old fashioned way, weekly restock, may get caught by inflation. As soon as the bag of peanuts is scanned the replacement order chains up though the line to the farmer and his fuel supplier within the hour all at the current price.
There is also good news; Trump and congress got though legislation creating several emergency processes. One creates 10000 spare banking licenses that can be issued or sold in an emergency. This allows new debt free banks to be created and people to move to them. This prevents a banking crash from affecting peoples savings. The board and the share holders bear the loss alone. A percentage of the first few banks created with these licenses are fill reserve or Bitcoin banks. The US Fed has no legal control or influence over full reserve banks. There were 120 such banks in 2000, most predating the Fed its self, there are now over 1000.
They also passed a law making it illegal for a bank in crisis to block account holder transferring the money electronically out of the bank. Banks can’t “lock the doors” in a bank run. This means that a crash can still happen but it only kills off the bad banks and does so very fast.
They also created an emergency activatable gold currency clause, allowing the country to recognize gold as US currency instantly. There are some logistics involved but the research has been done. Some states already recognize gold as legal tender.
Trump attacked Bitcoin and other crypto for bitcoin ransoms. A bunch of us pointed out to him on twitter and elsewhere, Q!, that Bitcoin already has a ransom tracking system in place from the start but government and industry has to ask nicely to activate it. Satoshi Nakamoto was a smart guy that understood the problem of ransoms.
The fact that they quickly found and retrieved the Colonial Pipeline ransom tells us that the us government in cooperation with block chain organizations did that. Note; they also found a dozen other ransoms that had been paid into the same account but remained unspent. This was not the FBI finding the criminals this was an integral component of the block chain miners and crowdfunded bitcoin detectives finding the accounts AND the passwords. Blockchain is pseudonymous not totally anonymous.
This means that the US government has the tools in place to switch to a Bitcoin economy as well as a gold economy but its all set to activate in an emergency.
Joe Biden and Janet Yellen appear to be providing the needed emergency that Trump, in all conscience, could not do. It must activate in an emergency so opposition, law suits and losses are minimized.
A Terrifying Omen for America Under Biden Gets Even Worse
Last Paragraphs——
As PJ Media’s David Goldman wrote, “inflation is an insidious tax that robs the poor and the middle class. It favors the U.S. government, the world’s biggest debtor, because the government expects to pay back its creditors in Monopoly money. It crushes the real earnings of the vast majority of American households and destroys their savings. That’s what the Democrats are up to. And that’s what might bring them down–just as 12% inflation brought down Jimmy Carter in 1980.”
Unfortunately, inflation will bring down the U.S. economy along with the Biden Democrats. America needs tighter economic policy in order to fight inflation. That may call for another Reagan-style revolution.
2 replies on “HYPERinflation?????”
Most do not know that your credit/ debit card can handle a dozen extra decimal points just in case Hyperinflation kicks in. There is also provision in most purchasing software to do same minute reorder. This buys up though the supply chain as fast as possible so the effect of inflation is negated. This means that companies choosing the right software are OK but stores doing things the old fashioned way, weekly restock, may get caught by inflation. As soon as the bag of peanuts is scanned the replacement order chains up though the line to the farmer and his fuel supplier within the hour all at the current price.
There is also good news; Trump and congress got though legislation creating several emergency processes. One creates 10000 spare banking licenses that can be issued or sold in an emergency. This allows new debt free banks to be created and people to move to them. This prevents a banking crash from affecting peoples savings. The board and the share holders bear the loss alone. A percentage of the first few banks created with these licenses are fill reserve or Bitcoin banks. The US Fed has no legal control or influence over full reserve banks. There were 120 such banks in 2000, most predating the Fed its self, there are now over 1000.
They also passed a law making it illegal for a bank in crisis to block account holder transferring the money electronically out of the bank. Banks can’t “lock the doors” in a bank run. This means that a crash can still happen but it only kills off the bad banks and does so very fast.
They also created an emergency activatable gold currency clause, allowing the country to recognize gold as US currency instantly. There are some logistics involved but the research has been done. Some states already recognize gold as legal tender.
Trump attacked Bitcoin and other crypto for bitcoin ransoms. A bunch of us pointed out to him on twitter and elsewhere, Q!, that Bitcoin already has a ransom tracking system in place from the start but government and industry has to ask nicely to activate it. Satoshi Nakamoto was a smart guy that understood the problem of ransoms.
The fact that they quickly found and retrieved the Colonial Pipeline ransom tells us that the us government in cooperation with block chain organizations did that. Note; they also found a dozen other ransoms that had been paid into the same account but remained unspent. This was not the FBI finding the criminals this was an integral component of the block chain miners and crowdfunded bitcoin detectives finding the accounts AND the passwords. Blockchain is pseudonymous not totally anonymous.
This means that the US government has the tools in place to switch to a Bitcoin economy as well as a gold economy but its all set to activate in an emergency.
Joe Biden and Janet Yellen appear to be providing the needed emergency that Trump, in all conscience, could not do. It must activate in an emergency so opposition, law suits and losses are minimized.
https://pjmedia.com/news-and-politics/tyler-o-neil/2021/06/26/inflation-marker-hits-highest-number-since-2008-amid-biden-boondoggles-n1457372
A Terrifying Omen for America Under Biden Gets Even Worse
Last Paragraphs——
As PJ Media’s David Goldman wrote, “inflation is an insidious tax that robs the poor and the middle class. It favors the U.S. government, the world’s biggest debtor, because the government expects to pay back its creditors in Monopoly money. It crushes the real earnings of the vast majority of American households and destroys their savings. That’s what the Democrats are up to. And that’s what might bring them down–just as 12% inflation brought down Jimmy Carter in 1980.”
Unfortunately, inflation will bring down the U.S. economy along with the Biden Democrats. America needs tighter economic policy in order to fight inflation. That may call for another Reagan-style revolution.