Economy

The value of a currency is determined by a number of variables. In this article, I will focus on the dynamics of demand, supply, current account deficits, and aggregate government debt.

The financial breakdown the world is about to face over the next few years will be an unprecedented catastrophe

The pandemic lockdown will be blamed for the Greater Depression, but the lockdown only toppled all the dominoes that were already lined up.

The conventional wisdom seems to be that the economy will quickly recover once governments open things up again but..NFL Commissioner  Roger Goodell isn’t so confident. 

Whether it was due to geography or history or maybe even policy, we have arrived. Everything America once aspired to be, we now are. Not only have we achieved the fabled American Dream, we are arguably among the safest, healthiest, happiest human beings to have ever existed.

Make no mistake about it, it is the central bankers that are leading governments around by the nose, and by proxy, governments leading people around by the nose, and that “nose” is inhaling “lines” of fiat. Unless cured, all addictions end badly, and the only “cure” central bankers have for ever-increasing fiat is, ever-increasing it more. [You can protect yourself, however, by] demanding less of the valueless fiat and keeping, and growing, your wealth by buying and accumulating real value: physical gold and silver. Anything less, and you are still dealing in the imaginary world that is failing. [This article explains why that is the case.] Words: 834

The root cause of hyperinflation is a large Government deficit which is financed by money creation rather than other options like increased borrowing or higher rates of taxation. The following infographic looks at 5 occasions when currencies crashed in a big way.

Only 8% of the world's money exists in a physical state and the following infographic illustrates why and how it eventually meets its end.

Hyper-inflation will spread from country to country just as the coronavirus has starting most likely in the U.S. and within the EU quickly be followed by Japan and most other developing countries. Got gold?

I humbly submit that the 1920s are reminiscent of our current decade, the 2020s.