[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 21 KB, 800x934, 800px-Germany_Hyperinflation.svg.png [View same] [iqdb] [saucenao] [google]
30440541 No.30440541 [Reply] [Original]

>The full enormity of Havenstein's policies was duly revealed in the speech he made — published immediately afterwards — to a Council of State on August 17. 'The Reichsbank,' he said, with evident pride and satisfaction, 'today issues 20,000 milliard marks of new money daily, of which 5,000 milliards are in large denominations. In the next week the bank will have increased this to 46,000 milliards daily, of which 18,000 milliards will be in large denominations. The total issue at present amounts to 63,000 milliards. In a few days we shall therefore be able to issue in one day two-thirds of the total circulation.' How he would bring all this paper into circulation was the least of the questions raised. Havenstein had been completely unconscious of the disastrous effect his intended action and, even more, its proclamation, must have upon the mark's value, not to speak of the whole financial, trading and industrial structure of the country.
>Before he spoke the mark was at 3 million to the dollar, 12.5 million to the pound (there had been a recent small improvement): within 48 hours it fell to 5.2 million to the dollar, 22 million to the pound. The circulation in August 1923 had an exchange value of £9m, less than one-thirtieth of what it had been ten years earlier, and no amount of printing contrived to increase its value by a penny.
TL:DR; We are about to experience the same thing Germans in 1923 did. However crypto might literally save lives. Having your money in crypto might well have been the safest and most secure financial decision of your life.
>pic related you could just change the 19 to 20 and it's the same as where we're at now exactly 100 years later

>> No.30440613

>>30440541

yeah well except gold isn't worth shit

Explain that

>> No.30440932

>>30440541
Please shut the fuck up. You're so deep in the pmg scam you can't even reason. The libertarian braindeads that predict doomsday every fucking day are always fucking wrong. Hyperinflation will not happen. We are going to see moderate inflation which is already priced in the scam rocks you collect. You will hoard gold like a dragon and realize too late you've been scammed. Stop. Gold will never become the standard for currency ever again.

>> No.30441009
File: 266 KB, 898x1900, hyperinflationmacleodparallel.png [View same] [iqdb] [saucenao] [google]
30441009

>>30440541
>We are about to experience the same thing Germans in 1923 did
Correct

>> No.30441054
File: 1.81 MB, 1129x7900, joke.jpg [View same] [iqdb] [saucenao] [google]
30441054

>>30440541
>crypto might literally save lives. Having your money in crypto might well have been the safest and most secure financial decision of your life.
Incorrect

>> No.30441120
File: 652 KB, 1700x3200, thevalueofgold.png [View same] [iqdb] [saucenao] [google]
30441120

>>30440613
>yeah well except gold isn't worth shit
Your brain on Bitcoin

>> No.30441130

>>30440932
Based and monetary policypilled

>> No.30441166
File: 28 KB, 412x411, f1v08r9kkwh41.jpg [View same] [iqdb] [saucenao] [google]
30441166

>>30440613
>>30440932
I said crypto not rocks you retards, the image was just to represent how worthless USD will become because of things like the 1.9 trillion bill that just got passed. That 1.9 trillion DOESNT EXIST yet. It's being printed right now. By the millions, then billions. Paper that wasn't in circulation but soon will be. That as you know from getting dumped on by Sergey can do nothing except create inflation.

>> No.30441169
File: 352 KB, 1291x2100, santiagorussiagold.png [View same] [iqdb] [saucenao] [google]
30441169

>>30440932
>You will hoard gold like a dragon and realize too late you've been scammed
You mean like Russia then

>> No.30441214
File: 175 KB, 1000x1140, pmfudbingo.png [View same] [iqdb] [saucenao] [google]
30441214

>>30441166
>Shiny Boomer Rocks
BINGO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

>> No.30442211

>>30440932
>The libertarian braindeads that predict doomsday every fucking day are always fucking wrong
They're always fucking right. Every single day. You're so blind you can't even see this is already monetary policy hell.

>> No.30442896

>>30441009

Is trump going to be our hitler in 2024?

>> No.30442973
File: 289 KB, 1300x747, allanhunt.png [View same] [iqdb] [saucenao] [google]
30442973

>>30442896
No lad
Eric Sprott is the future

>> No.30442997

>>30442211
This. If you can't see at this point in time with literaly EVERY SINGLE THING that has happened pretty much exactly the way we said it would be and worse then you truly are blind. This isnt to say that crypto is bad or going to fail, this is yet to be seen. Gold however is not a "shiny rock"

>> No.30443481
File: 208 KB, 884x888, 1615081913364.jpg [View same] [iqdb] [saucenao] [google]
30443481

>>30442211
They'll learn when the next Peter Schiff Was Right compilation video comes out

>> No.30443551

>>30442997
I don't even have anything against crypto, though I wouldn't bet everything on it.
You'd have to be mad in order to claim anything is fine right now though.

>> No.30443583

are there actually nocoiners on this board still?
explain yourselves

>> No.30443703

>>30440541
Is the us just a 200 year pump and dump exit scam

>> No.30444020

>>30442211
>>30441169
>>30442997
>>30443481


Please listen up you absolute moronic libertardians; there's a reason this economic thought is in the trashbin of history: GOLD IS MOSTLY IRRELEVANT TO INFLATION. We will NOT see hyper probably EVER again unless you are a communist shithole. And before you spam your dumb hayek/rothbard/mises/1950s economists just know that they are part of economic HISTORY. Just like mercantilism, they are studied so we dont fall again on the same mistakes. We now know a lot of shit they didn't; (Externalities, game theory, decision-making on uncertainty, asymmetrical information, economies of scale, currency devaluation)
Now for real bro, don't bank on apocalypse happening. People just wanna sell you rocks. Boom and bust are a natural part of the cycle, it REPEATS. Hope you guys make it however the fuck is your way

>> No.30444344
File: 1.35 MB, 1166x2600, 2.png [View same] [iqdb] [saucenao] [google]
30444344

>>30444020
>GOLD IS MOSTLY IRRELEVANT TO INFLATION

Has absolutely nothing to do with the predatory short positions of the banks on the COMEX eh hahaha

>> No.30444391
File: 424 KB, 1059x1300, jturkshorting.jpg [View same] [iqdb] [saucenao] [google]
30444391

>>30444020
>>30444344
You're acting as a lacky for the bankers, I just hope that you realise it before it's too late

>> No.30444398

>>30440541
What kind of idiot thinks USD is the same as post war german deutschmarks

>> No.30444444
File: 192 KB, 900x950, bartchiltonmanipulation.png [View same] [iqdb] [saucenao] [google]
30444444

>>30444020
>>30444344
>>30444391
Even the U. S. government called J. P. Morgan a criminal enterprise for their manipulation of PMs

>> No.30444458

>>30440541
that would mean today's economy is, 10,000 at best, and we are about to see a 1000000% expansion in money printing from what we already did last year

see, what actually is happening is, you dont understand whats happening

>> No.30444492
File: 761 KB, 1770x1700, prosperityruin.jpg [View same] [iqdb] [saucenao] [google]
30444492

>>30444398
>Hyperinflation can never happen in the U. S.

>> No.30444527

>>30444492
Pretty much. Not in the way you are thinking it can.

>> No.30444594
File: 648 KB, 1290x2350, deflationistfudrefuted.png [View same] [iqdb] [saucenao] [google]
30444594

>>30444527
Your brain on MMT/Harry Dent/Brent Johnson

>> No.30444605
File: 2.21 MB, 4032x3024, stack2.jpg [View same] [iqdb] [saucenao] [google]
30444605

this is a /pmg/ thread now

>> No.30444603

>>30444444
Absolutely checked.

>> No.30444612

>>30444444
Witnessed

>> No.30444611
File: 478 KB, 632x1044, 1614138021918.png [View same] [iqdb] [saucenao] [google]
30444611

>>30444444
checked and correct

>> No.30444647

>>30444444
BASED

>> No.30444655

>>30444444
Checked. But if the banks are allowed to manipulate silver why the fuck would I ever buy it if I know it to be true?

>> No.30444691
File: 91 KB, 407x550, Azathoth.jpg [View same] [iqdb] [saucenao] [google]
30444691

>>30444444
>IT HAS BEEN WITNESSED

>> No.30444696
File: 215 KB, 1559x1189, forever and ever.png [View same] [iqdb] [saucenao] [google]
30444696

>>30444655
This is why, anon

>> No.30444748
File: 37 KB, 480x640, images (40).jpg [View same] [iqdb] [saucenao] [google]
30444748

>>30444020
Quite literally, not an argument. Commit suicide.

>> No.30444774
File: 699 KB, 2560x1811, threatenedelementsupply.jpg [View same] [iqdb] [saucenao] [google]
30444774

>>30444444

>> No.30444790

>>30440541
I genuinely cant wait for normies to suffer through hell on Earth.

Nothing less than they deserve.

>> No.30444805
File: 29 KB, 620x413, images (17).jpg [View same] [iqdb] [saucenao] [google]
30444805

>>30444527
>Hyperinflation can never happen to us! This time it's different! We're in a new paradigm!

>> No.30444806
File: 687 KB, 1500x1080, itou_(onsoku_tassha).jpg [View same] [iqdb] [saucenao] [google]
30444806

>>30444444
Pure coincidence.
https://www.youtube.com/watch?v=kLWvu51Vk4E&lc=UgyG8SLy1eVVntXgjkp4AaABAg

>> No.30444835
File: 104 KB, 472x472, 840.png [View same] [iqdb] [saucenao] [google]
30444835

>>30444444
Bullish. Going to buy another 100 merc dimes right now.

>> No.30444880

>>30440541
>TL:DR; We are about to experience the same thing Germans in 1923 did. However crypto might literally save lives. Having your money in crypto might well have been the safest and most secure financial decision of your life.
Germans couldnt pay their debt they owed to allies.

America can pay its debt by going to war with other countries and taxing billionaires.

dont fall for this jewish trick of hyperinflaiton theyre shilling you

>> No.30444881

>>30440541
haven(((stein)))


every. single. time.

>> No.30444898

>>30444696
Explain like I'm 5. I'm actually 6, but I had to repeat kindergarten.

>> No.30444913
File: 1.01 MB, 1057x675, radiumGlow.png [View same] [iqdb] [saucenao] [google]
30444913

>>30444774
based chart

>> No.30444936

>>30440541
deutsche mark wasn't global currency.

>> No.30444949

yeah try to YOLO with this coins that never give you profit
BSC is a gold rush rn just get off at the right time
wanna make a cool deal?
>go for Swirge, hold SWG and don’t worry about your future profit

>> No.30444999
File: 723 KB, 1660x2400, 3.png [View same] [iqdb] [saucenao] [google]
30444999

>>30444898
Crisis is coming to a head very swiftly and the system could break any day, as you can see from the enormous number of deliveries in that picture

If you don't understand what the deliveries represent or what the COMEX is see picture related

>> No.30445028
File: 263 KB, 1000x1000, ezgif-7-5eb9a21b15e6.jpg [View same] [iqdb] [saucenao] [google]
30445028

>>30440541

Hyperinflation won't happen because new money printed goes towards asset inflation. It doesn't make its way down to average joe.

It makes ((them)) rich at your expense.

Also, Germany started printing cash to pay for war reparations. Not comparable to the US.

>> No.30445089
File: 731 KB, 768x960, theterroristchad.png [View same] [iqdb] [saucenao] [google]
30445089

>>30445028
You're repeating standard deflationist talking-points, see >>30444594

Austria and Hungary for example had hyperinflation along with Weimar Germany

>> No.30445201

>>30444594
they are literal paid shills

>> No.30445281

>>30444444
Bullish

>> No.30445283

>>30441166
ANON...
THEN WHY DID WE FIND THEM SHINY ROCKS IN YOUR APARTMENT?
WE ALREADY GOT ALL THE EVIDENCE WE NEED!
ANON...

>> No.30445469
File: 49 KB, 640x848, 1591923543985.jpg [View same] [iqdb] [saucenao] [google]
30445469

>>30444999
Checked and thanks anon. I'm going to be visiting pmg to find a place to buy some physical silver. Can't deny the truth in your examples and the support of your glorious digits. .999 is pure silver, yeah?

>> No.30445584
File: 81 KB, 500x490, sm.png [View same] [iqdb] [saucenao] [google]
30445584

>>30445469
/pmg/ will tell you everything that you need to know.

>> No.30445637
File: 734 KB, 1072x1281, 1614998010354.jpg [View same] [iqdb] [saucenao] [google]
30445637

>>30444444
oooooooooooooooooooooooooooooooo
oooooOOOOOOOOOOOOOOOOOOOOOOOO

>> No.30445878

>>30444594
I had never heard of harvey dent and had this faggot trying to tell me to buy treasuries because rampant inflation will somehow crash deflationary assets. It's the antithesis to logic. How the fuck do these people even exist?

>> No.30445957
File: 679 KB, 1000x1187, 1591626228819.png [View same] [iqdb] [saucenao] [google]
30445957

>>30444444
checked

>> No.30446064

>>30443703
Undervalued gem post

>> No.30446225

>>30444880
You release our debt is in the range of multiple trillions not billions... It’s beginning to grow exponentially. It’s larger than our whole economy. There is no way to tax our way out of it. And we have no manufacturing so the only countries that we can go to war with are the ones we rely on to survive...

>> No.30446260

>tfw I have both shiny rocks and crypto and there is no reason to be upset

>> No.30447043

>>30444999
Checked

>> No.30447535

>>30445283
Anon look,
I know you're not a bad guy anon...
but you've got to come clean!!!
we know you did it anon...

>> No.30447597

>>30442896
He's too boomer. He's ngmi. Trump Jr. though, he has the balls to be fuhrer.

>> No.30447601

>>30440541
Imagine a world without us funding the black hole that are .. Niggers

>> No.30447669
File: 463 KB, 841x608, ded_lum.png [View same] [iqdb] [saucenao] [google]
30447669

>>30444444
Witnessed

>> No.30447684
File: 321 KB, 1080x630, staymadniggers.png [View same] [iqdb] [saucenao] [google]
30447684

>>30447601

>> No.30447821
File: 344 KB, 1300x745, 1615169903485.png [View same] [iqdb] [saucenao] [google]
30447821

Based thread

Fuck Keynesian scum.

>> No.30448419
File: 750 KB, 2000x3001, nicky-hilton-james-rothschild-baby.jpg [View same] [iqdb] [saucenao] [google]
30448419

>>30444444
ccp who?

>> No.30448943

>>30444999
>.999 digits shilling silver
holy shit anons i...

>> No.30450150

>>30442896
do you realise how fucking old he is

>> No.30451013

Don’t try to fight the inflation and the printing of money out of thin air. Instead, see it as a feature of our current monetary system. It is one of the many tools available in the arsenal of tools of those in charge of mass scale economies. They are thrust into those positions by the electorate, and they have a massive responsibility on their shoulders. Lives are at stake.

Don’t be so quick to hail crypto as a solution for everything. At least not until you figure out a mechanism where a crypto currency features tools to deal with something like a pandemic where people are stuck at home unable to work for an unknown period of time.

And this pandemic is relatively tame, too. I can totally envision far worse viruses that kill faster and spread more easily. Everything is possible.

How would a Cryptocurrency help humanity deal with a pandemic. Don’t give me some libertarian BS, I’m sick and tired of idealistic snooty asses spewing their childish BS at me. The idea that “to each his own” is not how humanity works. We are designed to help each other. We will always be stronger United and weaker divided.

Update: to clarify, I’m very bullish on Crypto. I think it’s an extremely important technology. I am also actively involved in several projects that leverage blockchain and crypto currencies. However I have no illusions about what works and what doesn’t work.

>> No.30451332

>>30451013
>kill faster and spread more easily
so exactly the opposite as it works in nature?

>> No.30451733
File: 430 KB, 532x594, 1604969933640.png [View same] [iqdb] [saucenao] [google]
30451733

>>30444691
dooooooot

>> No.30451734

>>30451332
Not him, but what if different variants?

>> No.30451960

>>30451734
means nothing. viruses that are the most lethal are the least contagious. the least lethal the more contagious. nothing will change this

>> No.30452126

>>30451013
did you really update your post before it was even posted? and felt the need to let everyone know you updated your incomplete post before sending it?

>> No.30452864

>>30444444
Nice numbers bro, yes, these Jews and their special black magic are something to behold