Topic: Hyperinfaltion we have it just without the riots social unrest: (Read 550 times)

With cryptos at least you have a established schedule from the start and you can look at the curve, and the devs know it would be the end of the currency if they try to modify the end supply. Now with fiats... there is no curve or roadmap possible, because they tweak everything at will.

many cripto coin and especially doge and other are not defaltionary like someone could think, something like doge is truly defaltionary , so not so far ahead from regular fiat, and the other have still plenty of coin to be mined, until their supply will end, they can still be viewed as a inflazionary, but not hyper i can give you that

It will have to happen to ALL currencies eventually (except one, guess what that currency is? begins with a B). That's the destiny of every single form of money out there that hasn't adapted yet to the new blockchain paradigm. Has your local government upgraded their deprecated fiat currency? then look for a new Zimbabwean community to pop up near you soon.

Hyperinflation is a very real problem in many countries, but most western countries aren't experiencing anything close to hyperinflation. Most of the points that you made are very true, but they don't support your thesis. I do believe that the world economy is in serious trouble, but we aren't experiencing hyperinflation (yet).

I am of the view we are in hyperinflation in most countries including western countries, it just that we have been pacified so much and mechanisms of pacification are so much more pervasive that we have not seen the same same social dislocation.

I posit that

[1] Jobs are defunct for meaning full income anymore as they
[a] do not keep up with cost of living by a long shot
[b.] insecure

[2] We are "free" and thus it out fault for makeing wrong life choices, is the line tha's fed out and accepted

[3] Money (Fiat) has become a mechanism of strip mining wealth from productive work. Eg the banks print and give to their friends, who then enter the market to take away goods, property, services and political representation, health care, etc etc.  The crumbs left over let you just be oil for the machine of keeping this all rigged together.

The way this has crept in particularly in the social discourse and the splitting, fracturing of social groups, means we bascially don't know who is been taken away nor why, for "crime", "financial ruin". Even if we did care, we are so busy trying to just stay afloat, we just don't have the time. It doesn't matter where most of us are, we have to get the next "qualification", education cert, experience or lead, etc etc. We have piecemeal/fragmented view of events and people, which makes it very hard to ascertain or ascribe cause, meaning, truth or discourse.   

What money is itslef is the problem. By and large people just dont understand what a Fiat/FRB/Bassel Accord, and the implications and while it can be good to bring capital and labour together, it no longer working that way. Money has be come a magnification tool to increase persons share of the entire pool causing stultification of new business, competition, entrepreneurs, the political discourse.

People just quote its X billion so its important issue.

One trite tactic I sometimes use, is to suggest that if money is important just print more.

I am trying to get at that value is now basically divorced from Fiat.

In this is one of the drivers to spur on Crypto's as its hard to inflate them and hand out to rent seekers, and friends.