Anyone willing to bet on a devaluation of the dollar when all the debt bubbles burst?

[Kinser79]

(05-24-2016, 10:47 AM)pbrower2a Wrote: The money supply will have to keep up with some other proxy (growth of the workforce or growth of productivity) to prevent deflation. If it overshoots badly, and hyperinflation usually reflects a political system overshooting the connection between money supply and growth, then one gets this sort of toilet paper as a joke of a currency:



Now demonetized.

Inflation and espeically hyperinflation is usually the result of the supply of money exceeding the amount of goods and services produced by an economy. Furthermore, political disruptions can and do have a major impact on the value of currencies internationally. Last I checked Zimbabwe was neither developed nor politically stable.

Quote:A currency not a joke:



Inflation is estimated at 2%. The country produces some desirable goods.

RMB is primarily not a joke because China is the Sweatshop of the World. Furthermore, the PRC is working on liberalizing its financial markets and access to its capital markets meaning It could concevably become a major reserve currency within the next decade and replace the dollar entirely within a few decades after that. Sooner if Clinton or some other Neo-con moron gets us into a war which we'd probably lose.

Quote:

Often  rejected in the country's shops. Not much useful stuff comes from North Korea, unless you consider street heroin useful.

North Korea does not produce heroin because the climate is unsuitable for opium poppies. You are thinking of Afghanistan. Perhaps while you were looking for pictures of various bills you could have googled where heroin comes from as well. I'm not impressed.