If anyone has gone to the grocery store lately and not noticed that their bill is higher, it’s curious what delusion they are painting for themselves…
We should all understand that inflation is coming after the economic destruction at the hands of the ruling class. Now with the help of the central bank, the United States could very well end up looking eerily similar to the Weimar Republic soon.
One week ago, the Bank of America hinted at the unthinkable: the tsunami of monetary and fiscal stimulus, coupled with the upcoming surge in monetary velocity as the world’s economy emerges from lockdowns, would lead to unprecedented economic overheating, according to ZeroHedge. But this was actually rather precedented considering history. BofA’s CIO Michael Hartnett reflected back on the post-WWI Germany and he said it was the “most epic, extreme analog of surging velocity and inflation following the end of war psychology, pent-up savings, lost confidence in currency & authorities” and specifically the Reichsbank’s monetization of debt, and extrapolated that this is similar to what is going on now.
There is, of course, another name for that period: Weimar Germany, and because we all know what happened in response and the result was massive genocide after Adolf Hitler came on the scene.
Of course, others have been less shy – in 1974, Jens Parsson wrote a fascinating, in-depth historical analysis of the hyperinflationary collapse of Weimar Germany under the original money printer, Rudy von Havenstein, “Dying of Money: Lessons of the Great German and American Inflations” one which we periodically remind readers is absolutely critical reading in preparation for what comes next. –ZeroHedge
Who is responsible for hyperinflation? It’s always the ruling class (and the central banks, but I repeat myself). ZeroHedge called it in a tweet from 2010:
Is Ben Bernanke The Second Coming Of Rudy von Havenstein, The Central Banker Responsible For Germany's Hyperinflation? http://bit.ly/bKVeU3— zerohedge (@zerohedge) February 26, 2010
If anyone has gone to the grocery store lately and not noticed that their bill is higher, it’s curious what delusion they are painting for themselves. Below is an easily digestible repost of Burry’s lengthy Saturday tweetstorm, which shows just how similar our world is to that prevalent in the years just before Weimar Germany saw the most explosive hyperinflation in history.
The US government is inviting inflation with its MMT-tinged policies. Brisk Debt/GDP, M2 increases while retail sales, PMI stage V recovery. Trillions more stimulus & re-opening to boost demand as employee and supply chain costs skyrocket. #ParadigmShift https://t.co/kNT4memOVt pic.twitter.com/Bdw1CDn3Yf— Cassandra (@michaeljburry) February 20, 2021
We are there now. The only question is when do we enter the exponential currency collapse phase. When we do, a universal basic income tied to your social credit score and your ability to be ruled and controlled will be instituted by the ruling class to fix the problems literally caused by the ruling class. Wake up, people. The time to figure this out was 6 months ago.