Cell Phone Contracts and (Hyper)Inflation

[Blueskies]

Not as fast as the money is coming out. If you are a banker, you should be fine. If you are a librarian or 7/11 cashier, watch out.

Economies crumble during hyperinflation because of all the gross distortions, and virtually everyone suffers to some extent. But wages rise along with the price of goods. In a hyperinflation, the people who take it the most are those with large savings (wiped out) or those living on fixed incomes (not worth anything).

It's kind of ironic that the young support Paul and not the old. Workers in their 20s and 30s get off OK in a hyper inflationary scenario. In fact, it isn't good for general economic growth, but if you have thousands in student loans and just started paying your mortgage, a hyperinflation is good in some respects. On the other hand old people on pensions literally get left to die.

[psi2941]

Economies crumble during hyperinflation because of all the gross distortions, and virtually everyone suffers to some extent. But wages rise along with the price of goods. In a hyperinflation, the people who take it the most are those with large savings (wiped out) or those living on fixed incomes (not worth anything).

It's kind of ironic that the young support Paul and not the old. Workers in their 20s and 30s get off OK in a hyper inflationary scenario. In fact, it isn't good for general economic growth, but if you have thousands in student loans and just started paying your mortgage, a hyperinflation is good in some respects. On the other hand old people on pensions literally get left to die.

and they should die, they left us this country in a shitty affair, they were very irresponsible. and the only person who realistically wants to save this system they call him a crazy person.

honestly we should embrace the collapse like soviet Russia in 1991

[Just Flossin']

Economies crumble during hyperinflation because of all the gross distortions, and virtually everyone suffers to some extent. But wages rise along with the price of goods. In a hyperinflation, the people who take it the most are those with large savings (wiped out) or those living on fixed incomes (not worth anything).

It's kind of ironic that the young support Paul and not the old. Workers in their 20s and 30s get off OK in a hyper inflationary scenario. In fact, it isn't good for general economic growth, but if you have thousands in student loans and just started paying your mortgage, a hyperinflation is good in some respects. On the other hand old people on pensions literally get left to die.

It's ironic until you realize that people just don't understand the big picture. They get caught up in political one-liners and false choices because that's what they are told to do by the MSM. Once you realize this, it just becomes sad. Very, very sad.

People vote for their own economic slavery. Go figure. I guess it lends itself to an old theory I heard. Something like 80% of people faced with literal life or death scenarios, cannot change their habits (eating, lifestyle, etc.) to extend their life and rather just accept death.

Change is hard and unpleasant.

[Seraphim]

Yeah, it is ironic lol.

"Can't happen here" attitude.

Economies crumble during hyperinflation because of all the gross distortions, and virtually everyone suffers to some extent. But wages rise along with the price of goods. In a hyperinflation, the people who take it the most are those with large savings (wiped out) or those living on fixed incomes (not worth anything).

It's kind of ironic that the young support Paul and not the old. Workers in their 20s and 30s get off OK in a hyper inflationary scenario. In fact, it isn't good for general economic growth, but if you have thousands in student loans and just started paying your mortgage, a hyperinflation is good in some respects. On the other hand old people on pensions literally get left to die.

[WilliamC]

I work for a cell phone company. Want to know a secret? Each text message you send/receive costs them 1/6,000 of a cent.

Which is one reason I have never texted in my life and never will.

I delete the few text messages I get on my $10 pre-paid tracphone without even reading them.

Of course I don't have many friends to begin with so that helps

[LibForestPaul]

Which is one reason I have never texted in my life and never will.

I delete the few text messages I get on my $10 pre-paid tracphone without even reading them.

Of course I don't have many friends to begin with so that helps

Do you know you have already paid for unread text messages?

[Domalais]

If we are heading for inflation, or more so hyper-inflation, would it not be a good idea to be locked-in at today's price? How do the carriers survive if a large portion of their customers have contracted rates?

Don't worry about it.

None of the people who talk about hyper inflation happening in the near future actually believe that it will happen. If they did, they would be maxing out as many credit cards as they could and taking out loans in the maximum amount banks would lend them. Since they aren't, well... obviously they don't believe what they say.