Swalwell is saying to bail them out but with what?
If they do they have to create more money by printing more.
Inflation then explodes.
It REMINDS me of when hyperinfaltion killed Germany in 1922:
The Weimar government was still in a position to get a grip on the economy; instead, it chose to print yet more money in order to pay the reparation debt. By July 1922 prices had risen by some 700 percent, and hyperinflation had arrived. The government had to print million-mark notes, then billion-mark notes.
I havea question that maybe you can answer (I cannot find the answer anywhere): how were the million/billion mark notes put into circulation? There are iconic photos of people with wheelbarrows of cash... where did they get it?
What I am really wondering is if a loaf of bread suddenly costs $39, how do I pay for it? Obviously I only have the cash I started with before hyperinflation. Do I not buy bread, or do I go exchange my dollar at the bank and receive a $100 note, for example? Is there a constant swapping of notes due to revaluation by the central bank? Or does everyone suddenly become unable to buy anything?
Next Week is probably going to be a bloodbath in the tech sector probably with spillover into other sectors.
If thing’s go really badly. We’ll probably either have a widespread bank run and or see another bank or two go bust.
It's inevitable that more banks are going to die.
Swalwell is saying to bail them out but with what?
If they do they have to create more money by printing more.
Inflation then explodes.
It REMINDS me of when hyperinfaltion killed Germany in 1922:
https://www.britannica.com/event/hyperinflation-in-the-Weimar-Republic
Maybe it's deliberate to collapse everything.
Entering a very scary period.
Get your wheelbarrows out, 'cause you're gonna need something to haul your grocery money in.
Great insight.
I havea question that maybe you can answer (I cannot find the answer anywhere): how were the million/billion mark notes put into circulation? There are iconic photos of people with wheelbarrows of cash... where did they get it?
What I am really wondering is if a loaf of bread suddenly costs $39, how do I pay for it? Obviously I only have the cash I started with before hyperinflation. Do I not buy bread, or do I go exchange my dollar at the bank and receive a $100 note, for example? Is there a constant swapping of notes due to revaluation by the central bank? Or does everyone suddenly become unable to buy anything?