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No. Money printing does not cause hyperinflation. Weimar fell due to failure to be able to pay war reparations.Interesting video. In one year after COVID and endless money printing, inflation hits.
Weimar Republic incoming?
Is that you, Krugman?Money printing does not cause hyperinflation.
The minute that dollar hits your pocket it’s devalued atleast %50 or if you keep it in a money market it’s plus 20 cents... for every dollar you have 70cents. If you check usd in Bitcoin 480$ is actually the value of $500 so you can see what’s happening there.Interesting video. In one year after COVID and endless money printing, inflation hits.
Weimar Republic incoming?
USA will be way worse considering your government has printed wayyyyy more than Weimar Republic ever did. The chickens will come home to roost.Weimar Republic incoming?
Government debt is not analogous to personal debt. It is a savings vehicle. It is how the money supply expands using the banking system. There is no such thing as “paying back” government debt. A more accurate analogy is the government is the banker in the board game monopoly.It's coming... @Xenom0rph
https://usawatchdog.com/inflation-implosion-hyperinflation-in-2022-john-williams/
USA will be way worse considering your government has printed wayyyyy more than Weimar Republic ever did. The chickens will come home to roost.
The US debt is the largest in the history of mankind and so humongous that it is ridiculous.
You US guys will never ever be able to pay it back to the creditors.
Take special notice this number:
View attachment 6326
Unfunded liabilities=Things that the government has bought/spending even though they don't have the money to fund it.
Now top that with Obama's medicare which also is totally unfunded....
You guys have creates the perfect storm..
John Williams has been saying hyperinflation 2015, 2018, etc.It's coming... @Xenom0rph
https://usawatchdog.com/inflation-implosion-hyperinflation-in-2022-john-williams/
USA will be way worse considering your government has printed wayyyyy more than Weimar Republic ever did. The chickens will come home to roost.
The US debt is the largest in the history of mankind and so humongous that it is ridiculous.
You US guys will never ever be able to pay it back to the creditors.
Take special notice this number:
View attachment 6326
Unfunded liabilities=Things that the government has bought/spending even though they don't have the money to fund it.
Now top that with Obama's medicare which also is totally unfunded....
You guys have creates the perfect storm..
Not only are folks spending too much on used cars, they are also buying these steering-wheel cars that will become much less desirable when the steering-wheel-less cars come out in a few years.The price of used cars is at an all time high. It isn't just that money is worth less, the supply of some things just disappears, like early pandemic toilet paper. Cash is king, but only if someone is selling what you want.
Something else that folks aren't thinking about is that with the wealthy hoovering up more & more, the extra money being tossed around simply goes into their bank account - and ends up getting spent on premium real estate, yachts, art, etc., or in the case of Seattle-area tech moguls, divorce settlements . Since the little guy gets less of the pie, the extra money means he can stay above water.John Williams has been saying hyperinflation 2015, 2018, etc.
It's a possibility, however the quantity of a currency is not the only thing that determines prices. Here's one of Fisher's equations:
M*V=P*Y
M=currency supply
V=money velocity
P=macroeconomic price level
Y=macroeconomic capital and good supply
As baby boomers retire money velocity drops (however, rapidly falling confidence could cause it to rise fast), and as the world goes to heck the United States will be a capital flight destination since it is the safest place where there is a mass consumer market, thus increasing the "Y" part of the equation.
In order for there to be hyperinflation, there has to be a rapid confidence loss in the dollar to get a fast rise in the "V" part of the equation. Otherwise, most likely you will just have 1970's style inflation until enough boomers retire, then a Japanese style stagflation.
The economy has natural cycles. It's just the way it is.Interesting video. In one year after COVID and endless money printing, inflation hits.
Weimar Republic incoming?
As national economies have cycles, so do empires.The economy has natural cycles. It's just the way it is.
And with new cycles, come new eras. Interestingly enough, this applies to pandemics. It's happened before, it will happen again. It's simply a natural process to shake things up and hopefully make progress.
What you should be worried about it's not being self-aware enough to either:
1) Take advantage of what's happening
2) Make progress and become stagnant
Modern Man Advice