Silver Report Uncut and Max Keiser Wednesday 12-9-2020
Silver Report Uncut
Hyperinflation Happens Much Faster Than You Think, Dollar Still Sliding, Precious Metals Investing
Dec 9, 2020
The largest (insurmountable) difficulty that stands between us and a true economic recovery is the diminishing purchasing power of our currency.
It's only fitting we discuss hyperinflation since global central banks have opened up the faucet and broken off the handle regarding monetary stimulus.
One look at the M1 money supply should be enough to convince everyone the future looks choppy for The value of the dollar.
This is typical when using currencies that have no intrinsic value like fiat currencies.
Another aspect is the world is spreading out back into the greater economy making the US dollar less appealing at a time of unprecedented money printing.
To understand how fast hyperinflation can occur I wanted to analyze the hyperinflation in the Weimar Republic during the 1920's and it's shocking the see the price of a loaf of bread reached 300 billion marks following the world's demand for reparations paid in real money.
This led to a self-feeding loop where they printed more to meet obligations and in less than 4 years the currency had gone almost no bid.
With the unheard-of surge in the US money supply in response to economic recessions has supercharged this phenomenon of more money chasing less assets.
It's scary how far off trajectory we have veered and it's clear the days of kicking the can down the road may be limited.
Keiser Report | Need for Dollar Less Relevant | E1629
Dec 8, 2020
In this episode of the Keiser Report, Max and Stacy look at the statement from Larry Fink, CEO of BlackRock, that the US dollar could be less relevant in a bitcoin world. In the second half, Max continues his chat with Vijay Boyapati about bull market forecasts for bitcoin.