Discover and read the best of Twitter Threads about #hyperinflation

Most recents (24)

🧵 Gold is underrated and could be pushed up by #Dedollarization, Bridgewater's Co-CIO said.
"This geopolitical turmoil is not going away. This is a slow-moving secular support for #gold," Karen Karniol-Tambour said.
👉 #Inflation will also keep interest in gold elevated as well. Image
#Gold could be at the start of a lasting growth period as global #Dedollarization trends continue, Co-CIO of Bridgewater Associates Karen Karniol-Tambour said.…
#Dedollarization is no longer a matter of if, but when, said International Crisis Group cochair Frank Giustra.

A sudden drop in dollar demand could lead to #hyperinflation and a debt crisis, he said. Image
Read 10 tweets
1) The #Hungarian #Pengo has experienced the most serious #hyperinflation in the history of #currencies. This note is a 1 billion-billion Pengo note that became worthless in the matter of weeks. While it seems like history, hyperinflation is real and possible today. 👇 Image
2) The Hungarian economy could only be stabilized by the introduction of a new currency, and therefore, on 1 August 1946, the Forint was reintroduced at a rate of 400 000 000 000 000 000 000 000 000 000 (400 octillion) = 4×10^29 Pengo, dropping 29 zeros from the old currency. 👇
3) The daily daily inflation rate in Hungary has been increasing since 1938 and in between 1945 and 1946 the daily inflation was over 200 percent! See cost of living index & exchange rate of the pengő with the U.S. dollar(log scale). The cost of living spiraled out of control!👇 Image
Read 6 tweets
#FederalReserve is the largest central bank in the world.

Citizen vs. State: If you look at the original founding principle objectives of the federal reserve, you can’t find a single one which benefits the citizen. The fifth objective is clearly a great lie we’ve all been……
Just an FYI. I tweet from my readings and curated knowledge of the masses. I’m no banking contagion expert 😂 Image
Read 59 tweets
The #Apocalypse has started. #Corona/#Covid is the first horse. The rider wears a crown (corona), has a #toxon bow ("#toxin" is a derivative->poison arrows). What went into billions of arms? Little poison arrows.

The Horsemen Ride.

#ApocalypseNews #TheWhiteHorse #EndTimes
#TheRedHorse, 2nd horse of the #Apocalypse: #War. Red, the color of blood, color of #communism. What do we see shaping up? War by #Russia and #China. Ukraine, #Taiwan, the World.

A full third of mankind will die, if we align the 2nd horse with the 6th trumpet of #Revelation 9.
#TheBlackHorse, 3rd horse of the #Apocalypse. A pair of balances, "A measure of wheat for a penny". A penny's was a day's wages. Meaning: a bread for a full day's work.
Meaning: #hyperinflation, #hunger. Have you been paying attention lately? #Inflation, worldwide!

Read 6 tweets
A long process, then finally waterfall.

“Over the nine years in between, Germany’s inflation followed not a constant course but a characteristic ascent and descent, a ripening and a decay”

- Dying of Money by Jens O. Parsson
“The life of the inflation in its ripening stage was a paradox which had its own unmistakable characteristics. One was the great wealth. These were the “profiteers” of whom everyone spoke. Industry and business were going at fever pitch.”
Read 5 tweets
1/ 🧵
There are many in reddit WSS that still wondering if COMEX/LBMA (or the West gold/silver center) will ever let the price of #gold and #silver rise. What if they just stay suppress that low forever? Here in this thread I provide answer to that:
You see from the past 50 years, gold has risen from $35 to around $1650 level today. Isn't that an absolute proof that they CAN'T SUPPRESS at the same price forever. Why is that? It is physical supply that is limiting them, forcing them to let the price rise...
Just because you have been waiting 2 years that means they will suppress the gold/silver price this low forever? Gold & silver market are suppressed heavily because that is the nemesis of fiat USD. It is the metal that were once money but replaced by those Banksters crooks.👇
Read 11 tweets
🧵 Is the American Dream dead? - a tweetstorm

This is a brain dump of .@RaoulGMI's 30+ years of knowledge, how the world works, and how his macro framework fits into it all ⤵️
1/ There's no denying that we're in a mess!

By the Law of Unintended Consequences, every time we try to fix A, we create problems B, C, D, E, etc.

We hardly understand these new problems unless there's hindsight to connect the dots...

So, how the hell did we get here?

Let's start by looking at the peak of the #British Empire:

It was the world's largest realm. But as with every empire, trying to control so many people across the globe has its price & #debt weakened its structure...
Read 81 tweets
[#Thread] Aujourd'hui, j'ai eu des questions sur le #Bitcoin d'une collègue femme de 57 ans.

Elle en a entendu parlé sur la route du travail à la #radio et notamment à cause de l'effondrement de la livre Turque.

J'ai donc essayé de lui expliquer le plus clairement possible ⬇️
Déjà, je tiens à rappeler que les femmes aussi s'intéressent au #Bitcoin, même si elles sont peu nombreuses.

Ensuite, ce qui m'a touché dans la démarche, c'est l'âge avancé de cette personne et qu'elle ne fasse pas partie de la génération #internet.

Mais sans aucun préjugé.
Une dernière chose, ce #thread n'a pas pour vocation d'aborder les aspects les plus techniques. Les maximalistes y verront peut-être des incohérences.

Le but est de faire comprendre avec des #images et des termes simples le caractère fondamental du #Bitcoin et son environnement.
Read 22 tweets
I made this Facebook post a few years back and it still holds true. 1/x

I saw a disturbing comment from someone I don't believe I ever interacted with in my life. Their comment moved me so much I believe I am going to write a series of articles about it.

Let me start with the following:

1. For 40 plus years, the neoliberal era has reigned.
During that time, people have had little by way of resistance from the lies, deceit and self imposed prisons of ineffectual domestic governance and austerity.
2. The lies were baked into the school system, newspapers, sit comms, political debates even cartoons took the ideas of neoliberalism into the hearts and minds of our children...the people.
Read 33 tweets
I want everyone to realize, YES the US is in a very bad #inflation environment not #hyperinflation but when the US govt stops printing PHYSICAL DOLLARS b/c the cotton
(up 67% since 2019 NOT QE) the US uses to make dollars are NOW more expensive then the digits they are worth!
United States currency paper is composed of 75% cotton and 25% linen.
Cotton up 67% while the dollar has lost -10% in the same time
Read 4 tweets
1/ #COMMODITIES will explode into 2022!

Grinding slowly higher every month, then all at once.

61% of the GSCI is Energy. Energy Crisis will be severe!

We are just getting started, buckle up!

I will update his chart EVERY MONTH for my twitter followers!
2/ Shorter timeframe - the trend will accelerate in Q4 2021!

There is a dramatic rally on the horizon, an epic generational boom with currencies collapsing and commodities exploding higher!
3/ We also got the highest weekly close this week in the #ReutersCRB Index vs. SPX since January 2020!

We are breaking out guys, BIG inflation is coming, probably #Hyperinflation!

This is also the catalyst for precious metals wave 5 (Final wave in this bullmarket).
Read 3 tweets
Daily Bookmarks to GAVNet 05/02/2021…
Israeli scholars find millions-year-old human traces in ‘Miracle’ Cave…

#israel #HumanHistory #caves #archaeology #discovery
Read 10 tweets
1. Good morning, everyone! Turns out it's not so simple for me to purchase shares of @Vemanti $VMNT. I must adhere by SEC Rule 10B-18. Our counsel is drafting up the memo. Will share with you.

Also, I want to give you a brief summary of what we're working on.
2. We have:

- #fintech M&A transactions which we expect to close by end of Q2. These are already-established players in their respective markets. One w/ 2M+ users. Part of our pan-Asia strategy. This will take us to another level in terms of P&L fundamentals and growth.

- a multi-layer yield #Blockchain #Stablecoin #Crypto project with key partners. Working through the operational details. Aiming to launch this in Q2. Goal is to use #cryptocurrencies to power #fintech products and services that real people and businesses can use.
Read 9 tweets
1. [#CeJourLà] Le 19 février 1796, le Directoire organise la destruction du matériel permettant la fabrication d’#assignats. Réalisée en Allemagne, une gravure dépeint l'opération comme un « #brûlement » de billets. Cette transposition graphique vaut bien un thread d’#econhist 👇
2. À l’origine, les assignats sont créés en 1789 comme des titres d’emprunts gagés sur les ventes à venir des biens nationaux. Cependant, les émissions d’assignats dépassent rapidement la valeur des biens nationaux et les titres se transforment en papier-monnaie.
3. En quelques années, les assignats se déprécient tant qu’il est tentant de parler d’#hyperinflation. Or, pour nos esprits contemporains, la prolifération de billets dévalués s’accompagne souvent de leur destruction par le feu.
Read 14 tweets
Who was Hugo Stinnes?

In the early 1920’s in Weimar Germany, Hugo Stinnes became the richest man in Germany earning the title the ‘Inflation King’ How did he do it? Time for a #Thread 🧵 🪡 👇 1/ Image
For reference, whenever I say ‘Inflation King’ 🤴, I am saying the words with a ‘Sausage King of Chicago’ accent from Ferris Buellers day off. 2/ Image
Hugo Stinnes was born in Germany 🇩🇪 in 1870. Stinnes inherited his father’s coal #mining ⛏ business in 1890 at the age of 20. He began to purchase seagoing vessels 🚢 to transport his coal and other materials. 3/ Image
Read 15 tweets
The hyperinflation in Weimar Germany in 1922-23 has become the poster child of mainstream economists – and especially the monetarists – when presenting the benefits of constraining governments by the rules of ‘sound finance’.
Their narrative presumes that governments are naturally inclined to spend beyond their means and that, if left to their profligate ways, inflation ‘gets out of hand’, leads to hyperinflation in a continuous, accelerating, unstoppable catastrophic collapse of the value of money.
In contrast to this ubiquitous mainstream analysis, we recognize a fundamentally different origin of inflation, and argue that inflation requires sustained, proactive policy support. And, in the absence of such policies, inflation will rapidly subside.
Read 6 tweets
The #deficit #myth #deficitmyth by @StephanieKelton #MMT modern monetary theory
Myth N. 1: The #state should budget like a #household
#RealityCheck : unlike a household, a #SovereignNation, which owns its national #centralbank, issues the #currency it spends
Myth N. 2: #deficit is evidence of #overspending
#RealityCheck: look to #inflation for evidence of over spending
The purpose of #taxes is not to pay for #government expenditures but to help rebalancing the #wealth distribution #MMT
Read 56 tweets
Let’s talk #Venezuela and it’s never ending super hyper #inflation for a second
Thread 👇
1/ According to the consumer price index elaborated by the National Assembly, monthly inflation in #Venezuela jumped to 55.1% m/m in July – thereby taking it back above the hyperinflation baseline of 50% (!)
2/ Under widely accepted definition of hyperinflation proposed by Cagan in seminal study (1956) an episode of this extreme economic phenomenon begins when threshold is 1st crossed but only ends when monthly increase in price level drops below 50% and stays there for at least 1yr
Read 11 tweets
@VOLG_DE_DATA @wmiddelkoop 1) This is a very hard question to answer. US #gold has not been audited since the 1950's and there are rumours that much of the gold in Fort Knox has been replaced by fakes. Rob Kirby claims to "know folks who have copies of the original shipping docs".…
@VOLG_DE_DATA @wmiddelkoop 2) Hence the question to Q, with his interesting replay that the #US has the #gold and that it shall destroy the #FED.

What we know is that currently the #FED is printing dollars #Weimar style, which can be expected to result in #hyperinflation.
@VOLG_DE_DATA @wmiddelkoop 3) Alan Greenspan warned about this a while ago and talked about returning to the #gold standard. Remarkably, he mentioned the time before 1913, when the #FED was established:…
Read 9 tweets
THREAD: As @RepRooney recently told @ACLatAm, the promise & potential of #Venezuela is at risk of being entirely lost to Nicolás #Maduro's dictatorial regime. Under his watch, millions of citizens have fled the country in search of better lives elsewhere.… Image
The standard of living in #Venezuela has deteriorated rapidly since the downturn in oil prices in 2013/14. The ensuing economic collapse has evolved to become what's widely seen as the Western Hemisphere's largest humanitarian crisis in modern history.…
Economic depression, #hyperinflation, ballooning unemployment, shortages, hunger, crime, violence, corruption, insecurity, pollution, ecocide, confusion, disorder,
chaos, fear and despair. These and other words and phrases
have come to define #Venezuela under Nicolás #Maduro. Image
Read 25 tweets
Today @Lagarde takes over at the ECB. Amongst her challenges: dealing with a German public deeply sceptical of ECB policies. In a new paper @LHaffert, @tobirommel and I study the historic roots of this scepticism. Spoiler: it's a misunderstanding. (1/n)
To explain German skepticism, commentators often point to the collective memory of the #Hyperinflation in the early 1920s. But why is this still such a strong reference point? We find that many Germans merge it with the Great Depression – a totally different crisis (2/n)
A majority thinks that the hyperinflation and the Great Depression were one and the same crisis. Reminding them of hyperinflation thus triggers images of mass unemployment – and vice versa. (3/n)
Read 12 tweets
My 116 favorite quotes from Money: Sound and Unsound, by Joseph.T. Salerno (2015)
@jtsale @mises #AustrianEconomics #SoundMoney
1. “The idea of sound #money was present from the very beginning of modern monetary theory in the works of the 16th-century Spanish #Scholastics who argued against debasement of the coinage by the king on ethical and economic grounds”
2. “It was #Fisher and not #Keynes who was the true founder of modern macroeconomics with its aggregative reasoning and its central notion of politically managed fiat money”
Read 118 tweets
My 140 favorite quotes from The Ethics of Money Production (2008), by Jörg Guido Hülsmann
1. #Money is omnipresent in modern life, yet the production of money does not seem to warrant any moral assessment”. J.G.Hülsmann
2. “To be sure, central bank representatives are lecturing the public on the importance of business #ethics; but their concerns do not seem to apply to themselves”. J.G.Hülsmann
Read 142 tweets

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