#hyperinflation #crackupboom #mises #inflation #creditboom #money #soundmoney #goldstandard #fiatcurrency #debt #gold #austrianschool
Today I look at Human Action by Ludwig von Mises to help us see where we are down the road of inevitable fiat currency or the inflationary collapse.
The most interesting point, in my opinion, that von Mises makes about the crack-up boom or katastrophenhausse is that it is a psychologically triggered event as the general public finally wakes up to the realisation that government and monetary authorities will never stop inflating the money and credit system.
The end result of this is that the public's demand for the fiat money or currency collapses and they try to get rid of it for anything real at any cost.
LUDWIG VON MISES BOOKS: https://mises.org/library/ludwig-von-mises-books
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As for this interesting debtclock.org, watch how fast the next $1 Trillion debt grows. The first $1 Trillion took well over a century. The last took less than a month. Position oneself wisely while the opportunity is available.
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Thanks again for sharing the education, Maneco64. As easy as it is to acquire this "easy-money," it's going to be much more difficult to get possession of future Gold Money. But it is not hard, to get this "antiquated relic" at the moment. Go figure.
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What most people want to know is, how bad will this get for the average Joe? The Weimar Republic went relatively peaceful to the new currency Rentenmark (without a major war). Will it be like that, or much worse? E. von Greyerz seems to think so (mass tourism gone, uninhabitable big cities etc.).
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