Best explanation for Weimar Republic Inflation I ever read....

Econ4Every1 .... the number of 4.3 TRILLION USA petrodollars is verified after the eleven minute mark in this video!

https://pro.moneymappress.com/p/MMR...1525314934-571105120.1525314934&h=true&h=true

This link will take you to post #18 on page one where I quote AboveAlpha:

http://www.politicalforum.com/index...inflation-i-ever-read.502018/#post-1067621071

For the record... my guess would be that AboveAlpha had seen the video by Mr. Jim Rickards that I just gave the link to....... and was actually quoting him.


After the fifteen minute mark in the video Mr. Jim Rickards suspects that over one hundred TRILLION dollars worth of debt could be LOST!!!!!!! It could virtually disappear.......... which is really Pessimism vs Optimism on Wall Street and the world's financial markets!

 

Good point......................
Near death experiencer Dannion Brinkley during his 1975 NDE was given about 117 predictions for the future but.........
there is a point where....... (Gracias a Dios).... what he was shown significantly diverged from what we have experienced.

He was shown the fall of America and the replacement by a combination of Communist and Islamic nations...... and the world became like a lot like it must be to work for a drug gang..... or the worst group in the mafia.....

 

Nice try, but Germanies factories were never destroyed in WWI. The fighting took place in France, Netherlands and Belgium.
The crippling Versailles treaty, occupation of industrial important land, a weak European economy, revolution, millions of unemployed soldiers and injured vets and a weak and splintered government, the unknown experiment with democracy caused the collapse of the economical system.
Naturally a industry that was not prepared for piece production.

 

If..... the paradigm is shifted.......
and human life is assumed to have something like INFINITE VALUE......
then the 4.3 trillion USA petrodollars, (in the hands of enemies to America who what to devalue the USA dollar) and the
thirty five trillion dollars worth of oil and natural gas reserves in the warming Arctic, (that seem to give the enemies of America a reason to take some serious risks)......

and the 117 trillion, (my understanding is that this is the 2014 number for the USA Derivatives market)....
and the 127 trillion..... (the 2014 number from Forbes magazine that is backed up by Mr. Jim Rickards for "unfunded liabilities")
The 210 trillion (the 2017 number for unfunded liabilities)......
and the seven hundred and ten trillion..... (the worldwide Derivatives market) ....... THEN......
in comparison to Infinite Value........
all these numbers are not quite so scary!

https://quotation.io/page/quote/must-spirit-save-flesh

www.CarbonBias.blogspot.ca/

 

Here is verification for that number of 4.3 TRILLION from a different source:

It is at the 11:33 minute mark in this audio video by CIA economist Jim Rickards:

FORGET IRAN, IRAQ, UKRAINE
THIS IS WHERE WWIII STARTS...

So my guess is that AboveAlpha was probably quoting Mr. Jim Rickards and had probably seen this video before he wrote the message that I quoted back on page one post #18

http://www.politicalforum.com/index...inflation-i-ever-read.502018/#post-1067621071

 

As you can imagine... I would be honored to get your reaction to this discussion:

Five hundred dollars per Canadian per month, can this work?

 

That's what happens when the state appropriates money. The state and money are polar opposites.

 

We can flip that around and say that even though Germany was going through tough times with a crippled economy and heavy reparations having to be paid in gold, hyperinflation would not have occurred without the massive printing of money. The prices of everything in terms of gold certainly would have gone up, but not like they did based on the paper currency of the times.

1913-09-11: House with garden 28 000 M = about 322 oz. gold

"At the pick [peak] of the hyperinflation in 1923, the people stopped accepting the Papermarks, and accepted again only Goldmarks. So at that time a house costs again as before the war about 288 ounces of gold."

So econ4every1 has the cause and effect relationship backwards, it was not hyperinflation that caused the increase in the money supply, it was the increase in the money supply that caused hyperinflation. This was the point of Milton Friedman's Nobel Prize-winning tome A Monetary History of the United States. (That's always how I write it, too, not sure why.)

 

You are correct. Hyperinflation is the byproduct of loss of production.
Regular inflation can be caused by increasing money supply, but it cannot cause hyperinflation.
For hyperinflation to occur, you must have a interruption in the supply of goods to be purchased which causes the supply/demand dynamics to be radically altered.

 

This is absolutely wrong. Hyperinflation is caused by loss of production. In Germany's case, it was the fact that France and England along with other European countries imposed reparations upon Germany which left nothing for the German population. When there is no bread to buy, the cost of bread goes ballistic. In turn, the government must print increasing amounts of money to satisfy the demand caused by inflation which is caused by shortages.

This is economics 101 that anyone who has taken elementary economics understands.

 

TRULY WELL SAID!!!!

The USA, Canada, Britain kept inflation low during WWII by convincing people to save..... invest in War Bonds... which kept that money out of the economy because they knew that it would fuel inflation if the people at home spent it...... as opposed to saving so much.

 

Government created money substitutes (in that era, paper money) were the cause.

Government was the cause. This is obvious.

 

EXACTLY!!!!!!!

 

James writes MMT is total Liberal BS. Then what is the MMT we experience now to the rich thru the FEDS and Banks to the friends and Families of the FE $& Banks ?
Just amazing how naive the American can be. On this day, and until November "something" the FED will dump 85 BILLION a day into the repo market. More funds, free money to the rich and famous. The people wont see a drop.

But if that 85 BILLION for just one day went to the people, guys like James would call it socialism.

This is why you know people are uneducated to reality and or paid by the mass right wing think tank machine

 

Well said!

P. M. Pierre E. Trudeau was talked out of a brilliant central banking policy.......
back in 1974..... perhaps out of fear of an N. D. P. Prime Minister being elected and
spending too much money on free medical care for the poor!

Roe vs Wade in 1973 may have been one of the reasons why certain policies came out in 1974????

http://www.politicalforum.com/index...ashington-swamp-from-the-ottawa-swamp.551407/


Here are the statistics for deaths among African Americans since 1973:

Abortion............15.5 million
Heart disease.....2,715, 416
Cancer ...............2,568,040
Accidents ..............447,803
Violent crimes .......354,392
AIDS .....................245,322


I believe that this was set up.......
and something happened here in Canada back in 1974 that made this trend possible in the USA.





Here is one of the major reasons why Canadian women feel pressured into having an abortion. They feel that our economic situation leaves them with really no choice other than to take the risk of living in relative poverty along with their child. This situation has been forced on them and we need to be more well informed about this.


After P. M. Pierre E. Trudeau's colossal error here is how the national debt of
Canada spiralled out of control:



My guess is that he was pressured into doing this so that the same thing could be
arranged in the USA:




Many wealthy people believe that the only way to keep the lower class working
hard is to keep them head over heels in debt and kind of hungry. Lower class people choosing to have an abortion is a positive thing in the minds of a lot of people who consider themselves to be the ELITE!

https://www.michaeljournal.org/articles/social-credit/item/the-public-debt-problem?/plenty34.htm
The Public-Debt Problem




Here is how I explained this back in 2006 when I campaigned for the office of M. L. A. as an independent:

From 1940 to 1974 the Government of Canada put roughly half of the total money supply into the economy through loans issued through the federally owned Bank of Canada. Provincial and municipal governments could borrow the money to build roads, schools, hospitals and sewage treatment facilities at zero or one percent interest. In 1974 we changed our system and since that time a higher and higher percentage of all government debt is financed through loans issued through privately owned banks. At this time it is ninety eight percent. This policy may be great for our banking sector but it was estimated that in the one year of 1995 alone our federal government could have saved roughly SIXTY FIVE BILLION DOLLARS in interest payments if we had gone back to creating half the total money supply through these low interest rate loans issued through the bank that is OWNED BY ALL CANADIANS.

Considering that our deficit was approximately thirty billion dollars for that year, simply by changing back to an already proven monetary and banking system, we could theoretically have had a FEDERAL BUDGET SURPLUS OF THIRTY FIVE BILLION DOLLARS in 1995.


The massive cutbacks in the Canadian military, in health care, highway construction, social programs and education were profoundly affected by these accounting practices?

So what can you and I do about this problem?

My 2006, 2008, 2016 and 2004 campaign writings as ART.

 

I just found another one of your truly brilliant messages and I just had to copy and paste it here because this COVID 19 pandemic is resulting in both of the factors that were needed to produce hyper-inflation. An increase in the supply of money combined with a decrease in productivity.

This argument is brilliant!!!!!!

 

One QUADRILLION seems like an awfully large number but I had to choose a number higher than seven hundred and ten trillion that was given in 2014 as the number for the worldwide Derivatives markets!

Warning... this is over in the Creative Corner forum where artistic license is higher.

http://www.politicalforum.com/index...ar-usa-in-new-orleans.576620/#post-1072030647

 

To what degree may the COVID 19 restrictions be being used to create some serious inflation...... because many political leaders know very well that there are two necessary aspects to creating a period of hyperinflation.

1. print a lot of extra money

2. DECREASE PRODUCTIVITY!!!!!!

 

Much of what we buy is imported so decreased productivity does not necessarily result in decreased consumption or supplies. I personally doubt that stimulus is creating more inflation than the government inventing replacement money to cover fraud and theft in the digital age.

 

Good points..... one of the sectors of the USA economy that was especially hard hit were restaurant owners for example in California.

Some of them are wondering if there was a plan to knock many of them out so that profits by massive food chains could be increased even further?????


Should we be able to sue our political leaders IF....

 

It is easy to feel targeted if you have to bear the brunt of a policy. We have had a few mom and pops and a few regional chains shut their local restaurant doors for good. Golden Corral, for instance, spanned over 40 states I think and have shuttered hundreds of locations. They probably are correct in anticipating that buffets are not going to fair well anytime in the foreseeable future.

Others have really been hoisted by their own petard because they were pocketing so much money and not reporting it or classifying employees as independent contractors that they were unable to take advantage of the CARES Act forgivable loans due to the lack of accurate payroll records (or any payroll records). That probably hit barber/beauty shops owners/staff particularly hard as a lot of them are rent-a-station or independent contractor employees.

While I don't think they should be able to sue the government, I do think our "relief" efforts were more "let's put a big price tag on something quick and pass it for the optics" than well thought-out plans. I haven't missed 5 minutes of work due to covid. There was no reason to send me the first check, let alone a second one. That money would have been better spent on trainers, barbers and the like. I did give the lady who cuts my hair a $100 tip the first time back after she was allowed to reopen. I had planned to redistribute it to people I thought needed it, but it turned out I know fewer of them than I realized. Other than her, nobody I really know other than perpetual deadbeats that never work anyway missed any work.

 

Very interesting!

I am a janitor who usually has six to eight weeks off in the summer, but not this year.

But it is intriguing that people who refused to work actually got paid more per week than I did.... but I am not complaining..... I needed the work out and I would prefer to go to work than to bother going to a gym or taking up jogging.

 

I would prefer to work rather than sit at home all day. It does annoy me, however, that my cousin's baby momma who has a pretend job with her cousin who in turn has a pretend job with her was able to get her $5+K earned income tax credit and her first $3200 or whatever it was stimulus check plus all her regular housing and food benefits almost instantly when I had to wait until June for my so called stimulus check and I think it was October before the IRS go around to sending me my tax refund mailed to them at the end of January.

 

Good points.......... essentially the same thing happening everywhere in Canada has me thinking more and more about this option:

I took some of the ideas of Economist Milton Friedman, updated them for 2020...... and simplified the idea so that it could be marketed to a significant percentage of the population of Canada and the USA!






http://www.politicalforum.com/index...writings-as-art.534297/page-2#post-1072329875

Rumour has it that Prime Minister Justin Trudeau may be shoving quite a few Canadians in my direction:

and......

Canada tells us of Covid21 -the plan now what is coming


I was actually a member of Canada's Liberal Party from 2009 to 2015 so this rumor is not exactly a shocker to me. I saw the Liberal Party take a hard swing toward the political left.... so this rumor has a real possibility of being quite valid.

 

Thank God there is some really positive news regarding COVID 19.


Tel Aviv research: 99.9% of COVID-19 virus dead in 30 seconds with UV LEDs
The study is the first of its kind in the world.


This development should pretty much stop the following plan..... if this plan is for real????


Frightening Covid Response Plan in Canada