Loading ...I’m in NY, funny I always thought you were in Tarrytown. I was think the Maine coast where all the fishing boats are, there would be plenty of food, and most people hate the cold and would go south. Plenty of game too for food.
Re hyperinflation? Couple of thoughts. They say every hyperinflation always END with a Deflation. Note the 1913 Fed buffoons’ causing the roaring 20s inflation ending with deflation.
You COULD say the period after 1934 (gold banning confiscation) or even net back to 1913 until 2008 or now, has been an ongoing slow motion invisible hyperinflation. The US Dollar has lost 95% at least in value since. New cars were $500, $2.50 to $5 per day a livable wage. The Dollar only buys4 slices of bread, and its broken down into 100 parts, pennies.
If your grocery bill was rounded off up or down to nearest dollar, it would only be equal to, two slices of bread. A reversal from the past would suggest the dollar gaining value.
BUT! On the other hand, there are SO many people that have $5-$10 million and plus of unspent storage money? If they see prices going up too fast they may all panic and run to, like the story said, anything tangible. The Deflation in Wages precipitated the ’08 crash. My 1980 Newsletter, and myself predicted a deflation in labor costs due to using foreign labor.
Plus mainly the failure of Gov’t to calculate an accurate cost of living index. Or rather purposely under-stating cost of living for obvious reasons. Stupidity for one. Cheating or lying for another .
The deflation in labor income caused a net real deflation in tax revenue, note$22 trillion national debt. TPTB or debtors may not have any viable way to inflate out of debt, without inflation in profits and wages to match.