It amazes me that nobody I know IRL truly believes that monetary debasement leads eventually to higher asset prices and CPI.
Weimar 2.0.
Discussion
Yeah. It's really sad. I've been pushing a few friends on this. They are starting to get it, but gosh it's a slog.
Americans are so heavily propagandized, it’s not even funny
No one in the west was taught proper economics. We all had to learn this outside of school. This was done on purpose.
I can empathize with them. Most people don't want to care about this kind of stuff and would rather trust experts. Ironically if we could get them on hard money they wouldn't have to.
That belief is actively discouraged by those who made the mistake.
I think people think that debasement is normal and don’t question it or see alternative that can fix the issue, they don’t see debasement as stealing
It’s sad.
it will NOT be same like weimer in digital age - when all 200 printing press are ON - it will different LONG GAME !
Yeah, they can just keep adding zeros, like 🇹🇷 does.
(high relatively for now ) agrentina vietnam indonesia nigera many more do NO WHEEL barrow
main diff wiemar one just one cuontry doing/happenning
when all of europe or world happens NOBODY will see anything
reason u notice turk lira or eqypt pount becos RELATIVE faster
Yeah, coordinated, peaceful decline.
not necessary coordinate - done under pressure just like swiss CHF is no good anymore
They backed their currency with Apple Stocks, instead of gold. 😂
of course not - also no more swiss banking secrecy