Will Hyperinflation Destroy the U.S. Dollar? Commodities Soar Higher as Currency Drops
What is the chance of a currency lasting forever? Of course, the answer is 0. If governments are allowed to control the supply, it’s doomed to fail. Some fail rather quickly. Some last longer than most expect. There is never a way to predict the fall of a currency precisely but when it does fall, the devastation is massive. This can be prepared for simply by tru[e] diversification. Oddly, 99% of investors and speculators refuse to diversify. In the end, if mistakes are made, the repercussions will be felt.
(9) Otavio (Tavi) Costa on Twitter:
Best YTD performance in 30 years.
Stunning how no one is talking about this.
Commodities are leading the way and the inflationary thesis keeps building up.
https://t.co/SWnX1gdjgV” / Twitter
Oil. Best YTD performance in 30 years. Stunning how no one is talking about this. Commodities are leading the way and the inflationary thesis keeps building up. pic.twitter.com/SWnX1gdjgV
bbg commodity spot index.jpg (1046×809)
Hyperinflation Can Happen Much Faster Than You Think – The Daily Reckoning
There’s no universally agreed-upon definition of hyperinflation. But one widely used benchmark says hyperinflation exists when prices increase 50% or more in a single month. So if gasoline is $3.00 per gallon in January, $4.50 per gallon in February and $6.75 per gallon in March and the prices of food and other essentials are going up at the same pace, that would be considered hyperinflationary.
Facing Deficit, Met Considers Selling Art to Help Pay the Bills – DNyuz
Facing a potential shortfall of $150 million because of the pandemic, the Metropolitan Museum of Art has begun conversations with auction houses and its curators about selling some artworks to help pay for care of the collection. “This is the time when we need to keep our options open,” said Max Hollein, the Met’s director, in an interview.
UPDATE 1-Greece shortlists nine investors for 30% stake in Athens airport | Reuters
(Adds details) ATHENS, Jan 31 (Reuters) – Greece has shortlisted nine investors in a tender for a minority stake in Athens International Airport (AIA), the country’s biggest, its privatisation agency said on Friday. The sale is crucial for Greece which emerged from international bailouts in 2018 and is aiming for privatisation receipts of 2.4 billion euros ($2.7 billion) this year.
City cashing in by selling streets, sidewalks to private owners
The city is literally selling itself. Public streets and sidewalks are routinely sold to institutions and deep-pocketed real estate interests in a little-known practice that takes them off the official City Map and transforms them into private property. The city got more than $35 million from nine street deals in the past four years, according to the Law Department.
Fed Efforts to Stem Rises in Yields Back on the Table in 2021 – Variant Perception
Rising yields – driven by increasing inflation expectations after the Democrats’ unexpected clean sweep – are a risk for equities. If yields keep rising then the Fed will be forced to intervene to keep longer-term yields lower At the end of last year we discussed the likelihood of the US debt-limit exemption not being extended […]
U.S. Dollar has been weak against other currencies. Instead, measuring money against real goods, commodities, precious metals, etc. provides an interesting financial indicator. The financial system is seeing a massive uptick, massive flows of money, cash, debt into equities. More stimulus is on the way. This is in every form. Money printing from the central banks but also stimulus packages from the government itself. The expectation is that this will reflate the economy, pushing more money into stocks for those who have the disposable income.
— APPENDICES —
— The Money GPS: GME and AMC attracted many buyers. Illiquid stocks/micro cap stocks are now trendy. Be careful. (Instagram Feb 4, 2021)
— The Money GPS: Wall Street Bets on Reddit is adding millions of people. Retail traders needed to keep the prices going higher. (Instagram Jan 30, 2021)
— The Money GPS: Jim Cramer says don’t go for grand slam. What do you think? (Instagram Jan 29, 2021)
— The Money GPS: Find a company you thought was no longer in business, buy some shares, get rich quick. Is that what’s seriously happening right now?! (Instagram Jan 29, 2021)
— The Money GPS: Investing legend says bad things are coming because paper printing does not create an economy. (Instagram Jan 22, 2021)
— The Money GPS: The purpose of big tech is to absorb your data. Not to provide a service and later take advantage of you. Look up In Q Tel. (Instagram Jan 21, 2021)
— The Money GPS: To get where you want to be, you have to know where you are now. (Instagram Jan 4, 2021)
— The Money GPS: Master one thing before moving on. Know where you are in the cycle. (Instagram Dec 15, 2020)
— The Money GPS: Be a better investor | How to be a better investor. Window shop! (Instagram Dec 12, 2020)
— FOOTNOTES —
Wake up to the suits and ties. They’re all lying to you. None are your friends. None wish to help you. Wolves in sheep clothing. More distractions than ever before. The magician always makes a spectacle to hide the trick.
UNEMPLOYMENT RATE DROPS TO 6.3%. Of course that’s the seasonally adjusted number they like to show. Of course that doesn’t include all of the people who have left the workforce, the underemployed, the people who have fallen off the statistic. But who cares, right? #unemployed
We live in a fantasy land. More money flowing in than ever before, IPO frenzy, housing skyrocketing. Euphoria never end well. The higher it goes the worse it will be. Slow and steady growth is much safer. #money #investments #debt
IF THEY WILL FIGHT OVER PLAYSTATION…What would they do for food? #ps5 #PlayStation5 #playstation #ps5fight #walmart pic.twitter.com/hbimVKzeta
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The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It’s simply data that is generally not found through conventional means.
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