Hyperinflation a reality?

[Ronin13]

Something very scary was just brought to my attention...
So the FED has been given permission to print more money for this QE3. But I heard that there is no cap, they can print as much as they want. What then, pray tell, happens to the value of the dollar? What happens when we become like Post-WWII Hungary (or worse, post WWI Germany)? What happens when the exchange rate (right now .76Euro = $1USD) and inflation goes out of control for us? When $1 won't even get you a Euro penny? I'm just curious what happens when a bottle of water- due to inflation- becomes as expensive as a bottle of high class champagne ($100.00)? Are we nearing this now?

[HoneyBadger]

Some pretty solid examples with source information:

http://en.wikipedia.org/wiki/Hyperinflation

Buy commodities my friend, buy commodities.

[Goodburbon]

Ronin when I graduated high school 15 years ago a ford Ranger base model was $5995.
Last year when i checked, they were $15000. (it appears they're not made anymore) Yet all I hear reports of are inflation being at all time lows. You tell me.

[00tec]

USD/EUR isn't accurate to the value of the dollar in my opinion because Europe is in the shitter too. Look at USD compared to a more stable currency.

[Goodburbon]

USD/EUR isn't accurate to the value of the dollar in my opinion because Europe is in the shitter too. Look at USD compared to a more stable currency.

like gold or silver

[FastMan]

Yep, Ronin, you've got it my friend. Be afraid. Be VERY afraid. It's the primary reason I've started prepping for serious. It's what I think will prove to be the origin of the great collapse. If Obama wins again, we'll never save ourselves. He'll drive even more people into government dependency, and they'll then have the numbers to never vote the crumb throwers out of power. It might be too late already, but I'm not throwing in the towel on hope until after the election.

I've done some of what HoneyBadger suggested.

[FastMan]

USD/EUR isn't accurate to the value of the dollar in my opinion because Europe is in the shitter too. Look at USD compared to a more stable currency.

Australia used to be a good gauge, but of late they've started to go the way of socialism spending too.

[Zundfolge]

Buy commodities my friend, buy commodities.

Yes but just keep in mind, if you can't touch it, you don't own it.

In other words, buy commodities that you can store at your house (having a bunch of pork belly futures certificates means you have some pieces of paper with the word "pork bellies" on it, not actual bacon).

[FastMan]

Obama did deliver on the hope and change promise. The change is putting us on the eve of destruction, and the hope is leaving us hoping we can find a way to hail mary save ourselves.

Ah, but that's OK, because he's such a nice and likable guy.

[HoneyBadger]

Yes but just keep in mind, if you can't touch it, you don't own it.

In other words, buy commodities that you can store at your house (having a bunch of pork belly futures certificates means you have some pieces of paper with the word "pork bellies" on it, not actual bacon).

+1000. I can't stress this enough... Buying gold certificates and keeping the gold stored in some warehouse is as good as printing your own certificates saying that you own all the gold in Ft Knox... Worthless.