The Road to Hyperinflation Is Paved With Deflation.
Today I look at the question of whether we will experience deflation or hyperinflation. My view is that we will be getting both and that we are already experiencing deflation as of now.
A discussion of hyperinflation also requires, in my opinion, looking back at history and especially at the 1923 Weimar case in post-WW1 Germany and looking at what exactly led to the loss of confidence in the German mark.
When Money Dies: The nightmare of the Weimar Hyper-Inflation: https://www.amazon.co.uk/When-Money-Dies-nightmare-Hyper-Inflation/dp/1906964440/ref=sr_1_1?dchild=1&keywords=when+money+dies&qid=1588063756&s=books&sr=1-1
What Has Government Done to Our Money by Murray Rothbard: https://mises.org/library/what-has-government-done-our-money
Use promo code maneco64 to get a 0.5% discount on physical gold and silver bullion purchases at https://www.goldinvestments.co.uk/
GlintPay App, Save and Spend in Gold - Use referral code MarioGlint79
https://glintpay.com/
maneco64 blog: www.maneco64.net
Support the channel:
Teespring Store: https://teespring.com/en-GB/stores/maneco64
https://www.paypal.me/maneco64
https://www.patreon.com/user?u=3730528
Crypto donations:
MONERO: 443HZ51ibn1MUD65R42hLNj934Cjq9oEbXaZ68UWeKdAg3qmgM6gL2qMnutYDyn8GnZEDf1yvsqkw11wXgrkm4wFDpDk58u
BITCOIN: 1AkNoKzbZXJ75BbeGkD2ekUDJQNWDrBgMA
BITCOIN CASH: qzfcsu05c9ephzv8qzl7ysvn4lfclzneescfhre4r5
BSV: qr20w4glrt5urr63c2xrqaxa3ken2qy5hqdxr3kv34
ETHEREUM: 0xfffd54e22263f13447032e3941729884e03f4d58 LITECOIN: LY6a8csmuQZyCsBZbLDTQMRuyLdsW9g2na
DASH: XhxxKD8YHjAdE3hYG7AuCw4EwUrCjZWqGK
BAT Currency: Uphold a/c name maneco
Hi Mario! It's time to stop saying "steemit" at the end of your videos. The community has moved over to hive.io now. You have an account and money on the Steem fork too now: https://hive.blog/@maneco64
You can log in with the same details as with Steem. For more information why this fork happened, check this article:
https://hive.blog/steem/@lukestokes/how-steem-became-hive
The current situation also shows how few people take the effort to go back in time and see how things were done in the past. It would reveal the lies in the current system. Monetary history is not taught in schools for a reason, I guess.
A personal note. After WWI all European nations went through inflation. My mother remembers a story of her grandmother (my greatgrandmother) living in Belgium. After the war her sons went off to France to help rebuild the country. They made a small fortune together, and brought it back home. It was enough to buy several houses. My greatgrandmother was not a sofisticated woman; she put all of the money her sons brought back under the mattress. Bank accounts were not for the common folk in those days; also, if you were not married, it was customary to turn in all of your earnings at the family money manager (the mother). After two years inflation had sky rocketed; the money had lost most of its value. Her sons were angry over the handling of the money. They could hardly afford a new costume for one of the sons' marriage.
Only the Weimar inflation is known, but all European countries (war-participants) suffered heavy inflation. That seems like a forgotten fact nowadays.
Thank you for your illuminating and very interesting comment.
As a child, I remember my grandparents had several months supply of tins of meat, vegetables and fruit stowed away in the out houses. Could of been because of the effects of rationing in the UK during WWII and the 1930's depression.
Oh so right, and so is the monetary system not taught in University economic courses.
HISTORY TELLS US ALL A LOT OF WHAT TO EXPECT IN THE FUTURE. IT ALWAYS RHYMES!