Coming soon: The hyperinflation
Koppanyi Ferenc
The current exchange rate: 1 gold = 144 JPY (other side: 1 JPY = 0,009 gold; the gap is 33 JPY/gold!). And it will be even worse: there is 43K JPY and only 287 gold in the National Bank (the congress just printed 25K JPY). I don't want to demut, but I have to ask: is it a calculated devaluation?
Hyperinflation in Hungary, 1946
Comments
eh... -> Nipponblog.net
It answers nothing. Or I have not found the good topic...
価格破壊か
http://nipponblog.net/showthread.php?p=54048
>more worse
@fruitcommando
Implying English is either a) everyone's primary language or b) have mastered it.
What a tool..
@fruitcommando
i've seen you write worse things...
From reading the linked thread on the forum, I just learned the MoF of eJapan is freaking Yoda.
thanks the admin for printing so much money for us
Oh sh*t.. I think I'll better wait till the Yen starts climbing again..
@Yagami M
It's no good posting a link to a thread that we can't access. 😑
My wallet is a wheelbarrow.
Does anyone actually have a coherent explanation as to why the admin would print more money? It does not help them, since gold stays just as valuable. It does hurt national banks and wealthier players though. Also seems to have been playing havoc with the monetary markets... but just that rumor can't explain everything. I wonder if the overproduction could be it? Well, that makes more sense than thinking admin would intentionally devalue Gold by adding free currency that no one needs to pay to print.
Admins are buying the overproduced products in a bid to keep the economy/prices stable. However, by doing do they create a massive amount of currency.
It's yet another band-aid fix made by the admins with little forethought.
Congress printed JPY so we can use them for the new MPPs. MPPs now cost currency. Since the currency is not actually entering the monetary market there will be no devaluation caused by the printing of the yen.
The only devaluation you see currently is the damage the admins caused by buying the overproduced products. By buying that many products it increased the circulation of yen that did not exist. Unless you have a genius way to combat the admins, there's not much of a solution you can think of. So no, the devaluation wasn't done on purpose.
Also @ Koppanyi:
http://nipponblog.net/showthread.php?t=3024&page=7
http://nipponblog.net/showthread.php?t=3058
@Terrys Ren.
Sign up on Citizenship access to get your access on the forums again.