[kebman]

Yes, don't worry guys. The Federal Reserve has got you covered. And if things get too expensive, you can always just ask for a raise, amirite! :)

Anyway, here's a cash crop chart for corn that has more than doubled in price since last year. Once the cost of making finished products with these crops increase, you can be sure that shop prices will also reflect it. Some of these charts are even growing exponentially.

^1: https://www.barchart.com/futures/quotes/ZCY00/interactive-ch...

[Edman274]

If you zoom out to 20 years it shows that back in 2011 the same thing happened; did we have hyperinflation in 2011 or huge price increases in food in 2011?

[kebman]

I didn't say we'd have hyper-inflation. I said we'd have inflation, and the banks are saying that too, btw. What we're seeing now isn't just some seasonal pump, but a huge across the board pump. Of course, if wages also reflect that increase, then there's not much of a problem. But what we're facing today is massive unemployment, and a massive amount of money sitting un-touched in banks, sometimes with negative interest. Negative interest plus more inflation equals less purchasing power for you either way you try to argue. So what we're witnessing now is a massive transfer of wealth. The only thing most normies can hope for, is a higher price on Doge. But yes, if the printing gets out of hand, we'll have hyper-inflation too. Some of these charts are already going exponential.

[XorNot]

And there it is. An HN econ discussion with the requisite declaration that hyperinflation is just around the corner.

Its too bad I can't buy futures on hyperinflation not happening when people on HN predict it will.

[kebman]

Haha. Arguably you got a really good entry after Elon Musk dumped Doge. ;)

[splitstud]

Since the massive QE is happening in economies around the world,vthere will be some flight to the dollar as well as gold. A lot of money could continue to sit at negative rates. There won't be much impetus for capital investment for a decade. It's hard to say exactly how this will play out month to month, but it is going to be a harrowing.