One of the benefits of studying history is that when the same events begin to happen, you can predict the ultimate outcome.
Germany's hyperinflation crisis was the result of the Weimar republic massively overprinting the papier-mark to pay off the government's debts. The same is happening here, at first slowly over the past few decades, but now rapidly accelerating. Consider just the $3 Trillion+ bill with no additional revenue. The result will likewise be the same: out of control hyperinflation and the destruction of the dollar.
For now, however, the American Dollar is the world's reserve currency, so there is a collective game of make-believe supporting it and making it artificially stable. Even with that support, however, notice the out of control inflation we're already experiencing. And the other Great Power nations are quickly making plans to replace the dollar as their reserve currency.
How long we can continue this game of make-believe is hard to say. The dollar may crash next month, or we might continue kicking the can for another decade. The only certainty is that it will happen. There's no question of if, but only when.
One of the benefits of studying history is that when the same events begin to happen, you can predict the ultimate outcome.
Germany's hyperinflation crisis was the result of the Weimar republic massively overprinting the papier-mark to pay off the government's debts. The same is happening here, at first slowly over the past few decades, but now rapidly accelerating. Consider just the $3 Trillion+ bill with no additional revenue. The result will likewise be the same: out of control hyperinflation and the destruction of the dollar.
For now, however, the American Dollar is the world's reserve currency, so there is a collective game of make-believe supporting it and making it artificially stable. Even with that support, however, notice the out of control inflation we're already experiencing. And the other Great Power nations are quickly making plans to replace the dollar as their reserve currency.
How long we can continue this game of make-believe is hard to say. The dollar may crash next month, or we might continue kicking the can for another decade. The only certainty is that it will happen. There's no question of if, but only when.