How To Show Value Instead Of Formula In Excel 2010 Hyper Inflationary Dollars – Chasing A Shrinking Gold Supply

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Hyper Inflationary Dollars – Chasing A Shrinking Gold Supply

To drive this disturbing concept into your brain, think of shark madness. In the beginning, it’s a single shark munching on a freshly killed tuna. Smelling blood, a bunch of other sharks immediately join the feast. In no time, fifty, maybe a hundred crazed sharks appear, all struggling to get inside their snouts to take a bite of this rapidly dwindling meal.

Okay, that might be a bit dramatic. As for gold, maybe not. See, while Washington is busy 24/7 to stock up enough dollars to support the gaudy bailout checks politicians are writing, less and less gold is being pulled out of the ground.

Can you get a picture here? A lot more dollars…much less gold?

DISTRIBUTION OF MONOPOLY MONEY

Of course it’s sad to see.

There is our once glorious dollar, part of the foundation of our great nation, the mighty monetary standard of the world, now printed like so much multicolored Monopoly money.

How much Monopoly money are we talking about? According to analyst Barry Ritholtz, who worked extensively on an Excel spreadsheet of government aid programs, we’re \$8.5 trillion short. This does not include the “\$5.2 trillion in Fannie/Freddie portfolios for which the US taxpayer is now also expressly responsible.”

And even his rating may be low. Ritholtz pegged President Obama’s stimulus package at \$168 billion, compared to more than \$850 billion given away today.

Now we throw trillions around like we used to throw billions around, almost as if the word trillion doesn’t mean what it actually means. To give you an idea of ​​the mind-blowing scale of the word, Olivier Garret compiled a list from the Casey Report of the cost of ALL of America’s wars and government initiatives, including Iraq, the Gulf War, Vietnam, World War I and World War II. The Marshall Plan and everything NASA has ever done including visiting the moon.

He brought out \$8.1 trillion.

Ritholtz’s relatively modest bailout is nearly half a trillion more than that. The ultimate question here is how can the world digest 8.5 trillion brand new dollars?

The obvious answer is that it cannot.

DOLLAR FAMILIARITY DOESN’T PASS PERK

Have you heard this term before? The growth test is the time it takes for the soil of a building plot to absorb standing water. Timely absorption means that the batch will pass.

During this year, the world economy will face its own nightmare version of the benefit test: a flood of dollars will spread across every country in the world, and there is little chance that it will all be absorbed before the devastating and lasting consequences become apparent.

Those trillions mean more shrinking dollars are chasing the world’s goods than ever before. And that is the formula for hyperinflation. A classic example is during the German hyperinflation of 1923, where a money cart is stolen after the thief has dumped increasingly worthless money on the ground.

Here’s another (marketskeptics.com): “My father was a lawyer,” says Walter Levy, an internationally known German-born oil consultant in New York, “and he had taken out an insurance policy in 1903 and had faithfully made the payments every month. It was 20- a year’s policy and when it was due, he took it in and bought a loaf of bread.”

Wikipedia’s definition of hyperinflation is “inflation that is ‘out of control’, a condition in which prices rise rapidly when a currency loses its value.” So, taking it a step further, what happens when the production of goods that these increasingly worthless dollars are chasing starts to dry up?

LESS GOLD AFTER A CENTURY

That’s why gold is so valuable: it’s just not abundant on Earth or on earth.

And today it is produced less and less. Although companies are mining gold all the time, global production has been in decline over the past decade.

Annual gold mining output peaked at 2,573 tonnes in 2000, falling to 2,469 tonnes in 2006 and 2,444 tonnes in 2007, according to London-based research group GFMS Consultancy.

And 2008? The best year-end estimates show a drop in gold production to 2,400 tonnes. This would mean a 6.72 percent drop in gold production since 2000. Part of the problem is declining production from former Saudi Arabian, South African gold mines. While China is expected to replace South Africa as the new gold leader, there is little expectation that gold supply will rise to new heights.

So there it is. More dollars than we’ve ever seen before…less gold since the turn of the century.

“If the Fed creates enough inflation, the price of gold will likely reach \$5,000,” analyst Peter Schiff said in a Fox News interview, perfectly summing up the results of this hyperinflationary dollar/scarce gold chase.

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