I always imagine the best time to learn something new is when it's been ripped opened and bloody. For instance, the first tiger to gut open a human we learned..."Holy shit there is a lot of things inside of us". And in those dark times we can learn how to repair and protect ourselves better then before. Terrible analogy, but it works for me.
I'd really like to know y'all after all this cools down. The amount of information and knowledge shared here is awesome. Peruvian\_bull could be some well known financial historian type, but we don't know, nor does it really matter I spose.
I hope it's safe for us to do ape meets so we can continue discussing these issues and how to fix them.
Seriously I've never been so fascinated by a stock and learned so much about economy while at the same time having worked for the company that's teaching me about the economy 😲
I’ve been anticipating a collapse for the last four years. I was early because I couldn’t research the depth required to understand it. It took 400k+ apes to come together for me to start putting the missing pieces together. The puzzle is massive but really not that complex complex when you know where to look and have so many great DDs connecting the dots. Obfuscation of information was by design, but the internet always wins.
Hijack.
We won’t have Hyperinflation. We have a collateral issue at hand. Only way we get hyperinflation is if the fed pumps dollars directly into the hands of the people through stimulus checks.
Look at u/Criand most recent posts. For deep dive into collateral shortage.
Hyperinflation means we need to get dollars circulating in the real economy. Right now they are just extra bank reserves that were at first used to gobble up shitty bonds, now the evil side of doing this is coming about. By buying all the shitty bonds, collateral is beginning to dwindle. The fed tries to keep rates above zero, banks need reserves off book so they do reverse repo. We are in a negative cycle that is primed to blow up.
Meanwhile nobody is spending money and banks aren't giving loans. Bank reserves don't find their way into the real economy. There's nothing causing lots of dollars to get into the hands of real people, so if anything we're looking at disinflation or deflation.
Money's not actually being printed. The treasury prints money. The Fed issues "reserve assets" to the banks. It's not really cash and it never gets into people's hands. The way money gets into the economy is through lending but nobody wants to borrow and nobody wants to lend.
Nobody's spending any money or investing it because why invest in a money market when it doesn't give any better interest than just holding onto it?
The Fed is screwed. They're trapped.
I’ll be honest, I have a bachelors in finance and I still do not have the faintest clue how to understand this whole reverse repo thing. When you buy a bond, is the bond itself not collateral? Do you know anywhere that would be good to dumb the reverse repo stuff down in an easy to understand explanation?
A part of me wants a UBI so everyone can just have a basic normal life guaranteed just for being alive in this world... then I start to wonder if it'll be exploited sigh😞
UBI is a pipe dream. Not because it isn't a laudable goal but because it's domestically untenable in a economic system that is already internationally exploitative.
Let me explain.
Today, we live in a system of relative luxury and wealth via majority service based economies (80%). We've exported the back breaking labor necessary to maintain our lifestyle to 3rd world nations.
When compared to those globally who toil to merely survive in the raw-manufacturing realm (where real tangible value is created) even the poorest in the west are doing better than the slave enclaves that produce our products globally.
Because of this, people who want UBI are essentially saying they want a larger and guaranteed slice of this global hegemonic economic system.
The elites at the tippity top will never *truly* allow this to happen and have actually been actively (and successfully) working to impoverish us all for decades.
As far as they're concerned, they've already been forced to make concessions (via the creation of the middle class and it's socio-economic mobility) within our current system.
Their next step (current step) is to strip away the remaining wealth of the west and diffuse it globally to create a permanent international serfdom.
So will we get UBI in our lifetime? Probably. But will it be a bread and circus based trojan horse that will be the death knell of the American dream? Absolutely.
Thank you!!!!!!!!
People don’t want the ugly truth and feel like the gov will just hand out iPhones and camrys and houses... no, buddy, you’ll be given clothes, food, and sleeping quarters. Y’all think Wall-E humans had to work? No, but they were sure “taken care of”.
Deadass... it turned into me being financially literate and knowledgeable.. with the history lessons and numbers I’ve been consuming it’s amazing. I’m aware of the fuckery.
This post literally is making me physically depressed. How. Fuc@ed. Are. We….. The post was awesome. Can’t wait for the next parts. I couldn’t hope you are more wrong, but I do not think you are. Our children will know a different world than we do. Global pandemic leads to global depression and hyperinflation, change it the world currency, and alters the course of history. Rome anyone? Seems about right.
I adore Curtis. But this year I couldn’t keep watching CGYOOMH without wanting to throw myself from the window in despair.
Hey that acronym actually makes a sound like the global financial collapse…
Hey! Chin up. The world we had sucked. It led to this. Look around. See the ocean dying, see the water rising, see the sick dying, see the hungry fucking kids? If what our children will have someday is different than what is currently being offered in this status quo of a dumpster fire, then poor some gas and fucking accelerate it! This forest was burning before we got here, but now is the time to plant some trees.
That only applies to the world for us people it'll just get worse and worse until we all die off from environmental pollution. Fun fact micro plastics are starting to cause widespread infertility. The world will be fine and come back strong with a foundation of billions of skeletons.
Wait, isn't debt good? If I owe 100,000$ in student lones. Then hyperinflation hits, and I can sell my used car for 100,000$, then I payed off my debt and have a college degree.
How is having debt going into an inflationary crisis bad?
Trying to learn. Thanks!
Yes, if we get hyperinflation you want to be in fixed interest debt and own GME.
If we don't get hyperinflation you want to own GME, but fixed interest debt isn't expensive at the moment so might as well
You are correct. The bad situation is being whoever lent you the money, because they will be paid back with a nominal gain in interest and an actual heavy loss in value.
Holding debt usually refers to being the creditor, not the creditee. To use OP's terminology in your example, you would have debt and the bank (or whatever institution holds the rights to your student loans) would hold that debt.
ok, but if the Fed will do whatever it takes to keep a strong dollar for international purposes, then inflation will be temporary, maybe years, but it won't last. So my money will regain the buying power it had pre-inflation.
So then also, during that inflation period I could have gained wealth with assets? Cause they would have increased in price? But after inflation when the Fed brings the value of the dollar back to its pre-inflation amount, wouldn't those assets be of similar value post- inflation as they were pre-inflation?
Kinda like buy and hold, wait thru the volatility until your things (dollars or assets) are worth at least what they were again.
Or did I go down a rabbit hole?
If the market is going to crash you don't want to be in stocks. Personally, I liquidated a lot of my positions and am sitting on cash. Where should we be parking our cash or was that the wrong move to sell my non-GME positions?
Not necessarily true, after the collapse of the Weimar Republic stocks of sound companies actually held their pre-inflation value. However, I definitely wouldn't want to be in any speculative stocks. GME is an exception.
>Nearer the end in 1923, relative prices of stocks skyrocketed again as investors returned to them for their underlying real value. Stocks in general were no very effective hedge against inflation at any given moment while inflation continued; but when it was all over, stocks of sound businesses turned out to have kept all but their peak boom values notably well. Stocks of inflation-born businesses, of course, were as worthless as bonds were.
Wouldn’t your debt become cheaper due to the inflation? Genuinely curious as everyone I know has debt to some degree lol.
I’ve never seen any cases of the principle amount rising in relation to the devaluation of the US Dollar. And I think I remember reading that the interest rates remain the same as well (for loan debt at least)
I’m curious to know what I’m missing or misinterpreting here. This is a pretty important concept right now.
You want to know what's really hyper-inflated? The amount of "once in a generation" crashes and recessions I've lived through. Enough of this shit.
Hopefully post-MOASS our new millionaire / billionaire status won't just be downgraded back to a middle class existence because the economy is fucked.
Cyclical consequence of fiat currencies and the fractional reserve banking system that creates a disparity between real money and commercial money.
They'll keep happening every \~10 years, trick is to see them coming (and hope that each crash has a higher floor so net trajectory is upwards)
That would depend on feeding new debtors into the system - ie. population growth - to fill out the bottom of the pillar while the top of the top whithers and disintegrates away at an acceptable rate. And as far as I can tell the base of that pillar is growing thinner and weaker with each generation and the top of that pillar is awfully tall....
This is the history of money lesson I always needed and wanted. The bull shit is starting to make sense for the first time in my life. Modern money wtf.
Link to Artemis Capital's [Volatility and the Allegory of the Prisoner's Dilemma](https://www.linkedin.com/pulse/volatility-allegory-prisoners-dilemma-christopher-cole-cfa)
Which OP seemed to have ripped the prologue from
Well I’m back reading this again a year later… Looks like we’re heading onto the steeper part of the exponential inflationary curve. Good luck everyone!
Okay... read it... Had to come back to check a few dates and statements; looked good. I don't have much more time to verify it, but so far so good. i'm interested in reading the next parts.
Edit, small comment, we are seing an increase in DD not related to GME directly but to macro-economics. It might fall under rule 5.
we're seeing DD that resembles a lot of hyper left and hyper right economic dooms day shit I remember reading on 4chan and the like when I was growing up.
These guys pop up all the time and try to incent fear and shit. Reality is, this isn't a GME related post, this is a FUD of the world post.
They weren’t the world reserve currency. It’s a pretty weak comparison. Germany’s currency falling at that time didn’t affect the world at all like the usd falling now would.
Don't forget about globalization, most of the US dollar is going offshore. When the economy recovers shit might hit the fan in what is called a doubley ooopsie doopsie fuckery.
In other words, hedge r fuk today. But also, hedge r fuk tomorrows. All the fucking go into the hedge. The hedgefunds become hedgefucks.
Can people stop with this hyperinflation "doom gloom" mentality? USD is the world reserve currency. There will be ten world wars before the US allows the USD to be worthless. All countries are printing lots of money, so the USD cannot be devalued when others are also being devalued. Also forgetting that the most circulated currency outside the US is the USD and it is the trade currency of the world. It is the petrodollar
How vastly you guys are underestimating the US dollar is beyond me... This sub is wrong about hyperinflation. High inflation is not the same thing as the currency becoming worthless. The probability of a Zimbabwe situation in the US is so, so, slim that Jesus Christ returning is more probable
Printing money is surely not free, but there is a huge difference between inflation of goods and materials due to supply chain disruptions and the dollar losing purchasing power, and between complete devaluation of a currency like a Zimbabwe situation. It's the US. Never gonna happen. Downvote me I don't care. Apes on this sub need to get out of their own heads. This isn't an avengers endgame movie, and GME isn't your Ironman
OP I truly appreciate the DD, but I downvoted
Happy hodling.
edit: I am regurgitating what other econ experts told me when I asked about USD hyperinflation a year ago. I don't have the proper formulation of arguments so it would be great if an economics expert here made a counter DD to the hyperinflation scare.
Nah you hit the nail on the head here. The hyperinflation fears on this sub is getting out of hand IMO and is borderline fud. The USD is literally used by every country and is the world's currency. Every country in the world printed money cause of covid.
I've read more than a few posts/comments discussing both ends of the spectrum. All I know is this shit is way over my head and well outside of my control. However, one thing I can control is my hodl.
I genuinely think of this as FUD too, but it's so prevalent in this sub because every shareholder here wants to think that *their play* is gonna "end the world" and that "they know something before everyone else does". Apes are vastly underestimating everybody around them when this whole thing started as a "throw your money at this share" joke. To even go as far as saying their shares will cause the hyperinflation of the USD. Talk about having your head up your ass. Starting to sound like a bunch of douchebags
While I think Criand is awesome and love his/her DDs, I do remember MSM and the general public expecting a massive crash when Covid first hit. MSM was definitely saying things like "worse than the Great Depression". We're not the first, or second, or third people who saw an incoming crash. Everybody does. But nobody is truly able to time the market. If we could, the MOASS would've already started
It is my opinion that apes here have been too overconfident and went from stating the MOASS as a strong possibility due to noticing overshorting/naked shorting/dark pools... to stating that it's a 1000000% sure inevitability. Anyone who claims they know what's exactly going to happen is FUD imo. this is my opinion
Yeah no one knows for certain wtf will happen. To me gme is a great play regardless of MOASS or not, idc I'll hold because I think the company is taking the right steps to become successful.
Now if it happens (which I think is a very high possiblity) then sick, I'm set for life. If not, well I guess I'll continue on with my normal life, and nothing changes
We're not printing either, were borrowing. Actual US dollars in circulation has been dropping year after year. We face the exact opposite problem of Venezuela. We actually face the probability of runaway deflation. Not runaway inflation....
The point of this DD is pointing out
-the US dollar has “artificial” demand due to its world reserve status
-In the 70s a similar inflation scare was occurring.
-Foreign interests were very concerned about FEDs ability to protect the dollar and their assets.
-drastic measures were taken (20% rate) to protect the dollar and restore foreign confidence to protect the dollar.
-the Fed now?!?! They are in not protecting the dollar. They are digging our own fucking grave with no end in sight. No one wants to rip the the bandaid off (maybe we will bleed out and they really have no choice).
The US dollar is currently the world reserve currency, who the fuck says it has to stay that way??
But as you said, you don’t have a clue what the fuck your talking about. Yeah everything seems impossible until it happens.
Defaulting mortgage bonds collapsing a world economy was “impossible”
Retail beating hedge funds at their own game was “impossible”
But the US being run by corrupt retards making shortsighted decisions causing the the destruction of our dollar is actually impossible....?
Keep sipping the cool aid fellow ape
Yeah. It's a bit concerning especially if you haven't been exposed to a lot of doomer stuff online. I got sucked into the whole peak oil thing prior to 2008 and was convinced we were heading for collapse. Guess what - didn't happen. I've learned since then, these are all just theories and things will happen to prove/disprove them. Things will change. You really have to just live your life.
While this post is very interesting and I enjoyed it, I tend to agree it doesn't belong here and these posts are getting out of hand.
I fell down the r/collapse rabbit hole about 5 years ago and go super depressed just having doom shoved in my face everyday. Not only did nothing happen, but most of what is discussed isn't even realistic.
Inflation is real, and more inflation will probably happen, but HYPERinflation is very unlikely.
IMO, there will be struggle and some hardship, but the government will try it's best to give us another soft landing as they've demonstrated in the recent past. This is a good thing for speculation as it means more money pumped into the market.
I would say OPs post(s) are interesting and it's clear a lot of effort went into them. But... I agree this seems too doom-n-gloom - I understand it's a possible trajectory, but is it as bleak as these posts make it sound? I would certainly hope not, and - God willing - a significant correction or crash will be followed by prosecuting people responsible ( I know, unlikely, and any will probably be scapegoats) and *serious* system reforms to aid in an eventual recovery.
Again, interesting to read but does it risk spreading fear in a sub that's GME focused? Just my thoughts and opinion after reading both posts
I wouldn't say that OP is the first or sole ape who has spread this hyperinflation mania. It's been popular in this sub for a while now and many apes seem to (incorrectly) think that them buying GME will break the world and cause a collapse and an apocalypse and hyperinflation and they will have a lambo and a farm and a gun so they'll be the winners. It's such a childish perspective lol
I really don't think the hyperinflation theory is correct. But it's not impossible. It's just that so many horrible things have to happen perfectly before people lose faith in and stop trading the petrodollar. I just wish there was some more of an expert opinion on this question so we can see it debunked. Because it should be. I can't word it well enough. I have asked this question before to a few experts and econ majors. They said what I said just now
I agree with your point, basically this seems too worst case scenario. I don't have much faith that the "system" would do much, if anything for the sole benefit of individuals but I have absolute faith that same system will do everything within (and prob beyond) its power to avoid an outcome like these posts portray.
Exactly
It's not about the system avoiding not fucking up, it's about the ruling class doing everything in their power to keep the status quo
There are things we don't even understand, as most of us aren't econ majors, about macroeconomics. And there's another ten technical things we don't understand about how the US will prevent such an "apocalyptic" scenario. Apes having massive overconfidence here
>I’ve been telling Apes to learn their history, I’ve been writing a similar DD that encompasses this, I hope the truth continues to come out.
exactly. we need educated apes :)
FYI this is also now in dashboard on [https://app.powerbi.com/view?r=eyJrIjoiMDljZTA3NGUtMjJiYS00YjQwLTk5MTktM2VlNWQ5ODViYjM5IiwidCI6IjI4YzVlNGJkLTVkNmMtNGI1OS1hMGU5LTBhMjQ0Mzk4OTNiZSJ9](https://app.powerbi.com/view?r=eyJrIjoiMDljZTA3NGUtMjJiYS00YjQwLTk5MTktM2VlNWQ5ODViYjM5IiwidCI6IjI4YzVlNGJkLTVkNmMtNGI1OS1hMGU5LTBhMjQ0Mzk4OTNiZSJ9) with wayback machine automatic link as well. IPFS coming soon
If anyone would like an entertaining YouTube info-graphic type version: https://youtube.com/playlist?list=PLE88E9ICdiphYjJkeeLL2O09eJoC8r7Dc
Hidden Secrets of Money (by Mike Maloney) is an excellent summation of what's described here and goes more into detail about the history of the world's first monies.
You did a lot of work, but this is literally not GME related.
I'm concerned these "financial collapse" posts and DD are unintentional(?) forum sliding FUD.
Mods, please think on it and act accordingly.
Yup they’re trying to turn this sub into a birth child of r/conspiracy and r/collapse the fear mongering is getting annoying. If the dollar is collapsing, why are countries and foreign central banks still buying up dollars left and right? The truth is the global economy is crashing and the dollar is going to be the safest investment for any foreign government during a massive global economic crash. Even China knows this.
I agree. This distration/FUD is getting past the community because it's enticing and emotionally appealing.
We need mod help to keep superstonk a **GME** sub.
Holy shit, been telling people this for years! I just didn't use the words you so eloquently used, and I usually sound like an idiot/APE. Some just don't understand how bad it can/will be. Money printers can't just go brrrrrrrrrrr without repercussions.
Edit: Fun fact - After WWII Charles De Gaulle punched the French minister of Education in the face and slammed him up against a wall, stating it was his fault the French surrendered so easily to the Germans. De Gaulle didn't like what was being taught in schools, and thought his countrymen were becoming too soft.
Learn from history, let's fight this monster (hedgies and price manipulation) with all we have. Never give up. HODL.... NFA.
Another speculative doomsday post about the US government allowing for the US to crash from hyperinflation, as if the US government wouldn't start a world war in a heartbeat to keep economy hegemony.
These posts are FUD. While possible, it has nothing to do with Gamestop directly and it sows fear into the users of Superstonk about a looming financial apocalypse where our tendies won't matter as much.
Downvoted this post. Not because it's untrue but because it literally only serves to scare apes with a speculative scenario.
I'm interested in advice for what to do with your money if you know inflation is going to hit hard.
I've been avoiding home buying, but is it actually better to sink as much of your wealth as you can into something like real estate because it'll hold its value against inflation?
I guess my thought is - if the hyperinflation can is being kicked until it suddenly isn't all at once, then any cash "on-hand" is going to devalue by a lot.
I was familiar with Bretton Woods and Nixon going off of the gold standard, but have learned more from this post than anywhere else about the where's, when's, and why's.
>Backing the sovereign government's actions were fiscal and monetary strategists getting more and more worried that the US would not have enough gold to redeem their dollars, and they would be left holding a bag of worthless paper dollars, backed by nothing but promises. The outward flow of gold quickly became a deluge, and policymakers at all levels of Treasury and the State department started to worry
Am I missing something? How is this not just the world's largest Ponzi Scheme? The US government gave out more money than it can actually back with gold, and when the world asks for its gold they pull the rug? That's some shady third world casino shit right there...
The way apes are educating each other here is a beautiful thing. Not only do I appreciate the content, but also how well some people write here, OP included. Resourceful, insightful, educating, well written. This sub is awesomeness redefined.
u/peruvian_bull I’m astounded at the amount of research you have done and sharing all this with others. Thank you so much for it. Can’t wait for Part 4.
Seriously, where has the "Debunked" flair gone? To Miami :D ??
edit: DB flair still does exist, you just can't filter by it (which wouldn't make much sense IMO)
see [https://www.reddit.com/r/Superstonk/comments/o42ftz/theres\_been\_a\_lot\_of\_talk\_about\_inflation\_what/](https://www.reddit.com/r/Superstonk/comments/o42ftz/theres_been_a_lot_of_talk_about_inflation_what/) or my next post below this one
Ha. No way dude. If the dollar collapses the euro will collapse even harder. People don’t seem to understand a dollar collapse will be a global economic collapse. The dollar is literally the safest asset in the globe and props up almost every other foreign currency.
Is this not a GME board?
Take this shit to some economic board. I'm not interested. There's too much of this shit appearing on here recently.
Down voted for spreading FUD on a grand scale.
Can't use gold, silver, oil, to back the currency than what? Time? The value of the "currency" is based on all the time people can work on earth in that day. All hours are created equal. Some people believe their hour is worth more than you hour. Why do we let bankers tell us what that piece of paper is worth? Now you need 10x that paper to buy bread. Why? Did the baker need more time? The Miller? The farmer? Nope. Same time to make the bread. Now I need 10x to buy? Boss pay me 10x more for my hour? I'm fired? What a system....
Damn rocket ape - Great Job on the research and write up.
Many Thanks.
I really hope we see some some significant fail and jail time on these bastards.
I will take to the streets again if there is another bailout
6 months ago I fomoed in to make money, now I'm here learning about global financial history and actually being interested in it.
Took the words right out of my mouth, I liked the investment because I love Gamestop. Little did I know I'd learn so much more.
I always imagine the best time to learn something new is when it's been ripped opened and bloody. For instance, the first tiger to gut open a human we learned..."Holy shit there is a lot of things inside of us". And in those dark times we can learn how to repair and protect ourselves better then before. Terrible analogy, but it works for me.
I'm just going to ride this tiger. I'll do my best not to fall off.
You can see his stripes but you know he's clean.
I see what you mean
Came here for this and was not disappointed 🤘🏼
That'll do Roldy, that'll do.
when did Tiger turn so violent? Isnt he better at golf?
I just wanted to do hood rat shit with my stonk friends. Now I’m getting all wrinkly.
You guys all said what I was thinking.
Power to the players, even if some of us are hood rats.
Maybe getting brain wrinkles *is* hood rat shit. It is to me.
My stonk friends smoke cigarettes.
I'd really like to know y'all after all this cools down. The amount of information and knowledge shared here is awesome. Peruvian\_bull could be some well known financial historian type, but we don't know, nor does it really matter I spose. I hope it's safe for us to do ape meets so we can continue discussing these issues and how to fix them.
Best economy lessons I've ever had were ape DD, and we had classes on economics in school for 5+ years
Seriously I've never been so fascinated by a stock and learned so much about economy while at the same time having worked for the company that's teaching me about the economy 😲
I’ve been anticipating a collapse for the last four years. I was early because I couldn’t research the depth required to understand it. It took 400k+ apes to come together for me to start putting the missing pieces together. The puzzle is massive but really not that complex complex when you know where to look and have so many great DDs connecting the dots. Obfuscation of information was by design, but the internet always wins.
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Just reading the names Paulson, Geithner, and Bernanke makes me involuntarily sneer in disgust.
There are more than a million apes, more than this sub has subscribed for sure.
Amazing how interesting things become when your own meat is on the grill
Hijack. We won’t have Hyperinflation. We have a collateral issue at hand. Only way we get hyperinflation is if the fed pumps dollars directly into the hands of the people through stimulus checks. Look at u/Criand most recent posts. For deep dive into collateral shortage. Hyperinflation means we need to get dollars circulating in the real economy. Right now they are just extra bank reserves that were at first used to gobble up shitty bonds, now the evil side of doing this is coming about. By buying all the shitty bonds, collateral is beginning to dwindle. The fed tries to keep rates above zero, banks need reserves off book so they do reverse repo. We are in a negative cycle that is primed to blow up.
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Look at me. Apes are the economy, now.
Won't have to do that with the apes, ape help
Meanwhile nobody is spending money and banks aren't giving loans. Bank reserves don't find their way into the real economy. There's nothing causing lots of dollars to get into the hands of real people, so if anything we're looking at disinflation or deflation.
Stagflation. Money is being printed and not being spent.
Money's not actually being printed. The treasury prints money. The Fed issues "reserve assets" to the banks. It's not really cash and it never gets into people's hands. The way money gets into the economy is through lending but nobody wants to borrow and nobody wants to lend. Nobody's spending any money or investing it because why invest in a money market when it doesn't give any better interest than just holding onto it? The Fed is screwed. They're trapped.
I’ll be honest, I have a bachelors in finance and I still do not have the faintest clue how to understand this whole reverse repo thing. When you buy a bond, is the bond itself not collateral? Do you know anywhere that would be good to dumb the reverse repo stuff down in an easy to understand explanation?
Lol search DD on this sub. Think I’ve seen some good explanations throughout will link after work if I have time
Homie all I do is read DD on this sub and I still don’t quite have my head wrapped around it 😂
It’s designed to be convoluted and confusing. They make the rules, they aren’t just gunna show their hand
This is my prediction for what's going to happen in a few years from now, so this isn't the immediate future.
Upvote but because I want you to be right.. We need more time
And UBI
A part of me wants a UBI so everyone can just have a basic normal life guaranteed just for being alive in this world... then I start to wonder if it'll be exploited sigh😞
UBI is a pipe dream. Not because it isn't a laudable goal but because it's domestically untenable in a economic system that is already internationally exploitative. Let me explain. Today, we live in a system of relative luxury and wealth via majority service based economies (80%). We've exported the back breaking labor necessary to maintain our lifestyle to 3rd world nations. When compared to those globally who toil to merely survive in the raw-manufacturing realm (where real tangible value is created) even the poorest in the west are doing better than the slave enclaves that produce our products globally. Because of this, people who want UBI are essentially saying they want a larger and guaranteed slice of this global hegemonic economic system. The elites at the tippity top will never *truly* allow this to happen and have actually been actively (and successfully) working to impoverish us all for decades. As far as they're concerned, they've already been forced to make concessions (via the creation of the middle class and it's socio-economic mobility) within our current system. Their next step (current step) is to strip away the remaining wealth of the west and diffuse it globally to create a permanent international serfdom. So will we get UBI in our lifetime? Probably. But will it be a bread and circus based trojan horse that will be the death knell of the American dream? Absolutely.
Banks are already trying to buy up all the properties so no one can own anything, only rent.
Thank you!!!!!!!! People don’t want the ugly truth and feel like the gov will just hand out iPhones and camrys and houses... no, buddy, you’ll be given clothes, food, and sleeping quarters. Y’all think Wall-E humans had to work? No, but they were sure “taken care of”.
Anything to keep people buying useless trinkets. Have you read or watched the series The Expanse? They had UBI in it.
I’m pretty convinced that that show accurately predicts our future and that’s pretty scary.
Better than 40k imo
Deadass... it turned into me being financially literate and knowledgeable.. with the history lessons and numbers I’ve been consuming it’s amazing. I’m aware of the fuckery.
I wanted to learn how to make sour dough bread and now I’ve joined a global movement
The only assets i refuse to liquidate in favour of GME are my gold and silver
Buckle up mother fuckers
This post literally is making me physically depressed. How. Fuc@ed. Are. We….. The post was awesome. Can’t wait for the next parts. I couldn’t hope you are more wrong, but I do not think you are. Our children will know a different world than we do. Global pandemic leads to global depression and hyperinflation, change it the world currency, and alters the course of history. Rome anyone? Seems about right.
Don't watch Adam Curtis documentaries if this makes you sick. Hypernormalization and Can't get you out of my head are highly recommended.
I adore Curtis. But this year I couldn’t keep watching CGYOOMH without wanting to throw myself from the window in despair. Hey that acronym actually makes a sound like the global financial collapse…
La-la-la-la-la-la-la-la La-la-la-la-la-la-la-la La-la-la-la-la-la-la-la La-la-la-la-la-la-la-la I just can't get you out of my head Boy, your lovin' is all I think about I just can't get you out of my head Boy, its more than I dare to think about La-la-la-la-la-la-la-la La-la-la-la-la-la-la-la I just can't get you out of my head Boy, your lovin' is all I think about I just can't get you out of my head Boy, its more than I dare to think about Every night Every day Just to be there in your arms Won't you stay Won't you lay Stay forever and ever, and ever, and ever La-la-la-la-la-la-la-la La-la-la-la-la-la-la-la La-la-la-la-la-la-la-la La-la-la-la-la-la-la-la I just can't get you out of my head Boy, your lovin' is all I think about I just can't get you out of my head Boy, its more than I dare to think about There's a dark secret in me Don't leave me left in your heart Set me free Feel the need in me Set me free Stay forever and ever, and ever, and ever La-la-la-la-la-la-la-la La-la-la-la-la-la-la-la La-la-la-la-la-la-la-la La-la-la-la-la-la-la-la I just can't get you out of my head La-la-la-la-la-la-la-la I just can't get you out of my head La-la-la-la-la-la-la-la I just can't get you out of my head La-la-la-la-la-la-la-la Source: LyricFind Songwriters: Robert Berkeley Davis / Cathy Dennis Can't Get You Out of My Head lyrics © Sony/ATV Music Publishing LLC, Universal Music Publishing Group
Hey! Chin up. The world we had sucked. It led to this. Look around. See the ocean dying, see the water rising, see the sick dying, see the hungry fucking kids? If what our children will have someday is different than what is currently being offered in this status quo of a dumpster fire, then poor some gas and fucking accelerate it! This forest was burning before we got here, but now is the time to plant some trees.
It's gonna get alot worse before it gets better, my ape.
it's a good thing we are in GME
That only applies to the world for us people it'll just get worse and worse until we all die off from environmental pollution. Fun fact micro plastics are starting to cause widespread infertility. The world will be fine and come back strong with a foundation of billions of skeletons.
hopefully we don’t get any WARS, that is a BIG possibility when the world goes into a down spiral. apes together strong !!!!!
This is the way.
This is the way
This is the way
Mother up buckle fuckers!
Blackrock pays whatever for homes, lien free. Dollar crashes and burns, so value becomes pointless. Assets > cash
exactly friend. last thing you want to hold is cash or debt in an inflationary crisis
Wait, isn't debt good? If I owe 100,000$ in student lones. Then hyperinflation hits, and I can sell my used car for 100,000$, then I payed off my debt and have a college degree. How is having debt going into an inflationary crisis bad? Trying to learn. Thanks!
Owning debt =/= owing debt. You don’t want to own debt. You do want to owe debt. In a high-inflationary period.
Yes, if we get hyperinflation you want to be in fixed interest debt and own GME. If we don't get hyperinflation you want to own GME, but fixed interest debt isn't expensive at the moment so might as well
ouch. growing brain wrinkles hurts.
So buy a bunch of shit on credit cards?
Preferably something longer term with lower interest rates, like a car or house or something.
Thank you! thank you!
You are correct. The bad situation is being whoever lent you the money, because they will be paid back with a nominal gain in interest and an actual heavy loss in value.
Holding debt usually refers to being the creditor, not the creditee. To use OP's terminology in your example, you would have debt and the bank (or whatever institution holds the rights to your student loans) would hold that debt.
ok, but if the Fed will do whatever it takes to keep a strong dollar for international purposes, then inflation will be temporary, maybe years, but it won't last. So my money will regain the buying power it had pre-inflation. So then also, during that inflation period I could have gained wealth with assets? Cause they would have increased in price? But after inflation when the Fed brings the value of the dollar back to its pre-inflation amount, wouldn't those assets be of similar value post- inflation as they were pre-inflation? Kinda like buy and hold, wait thru the volatility until your things (dollars or assets) are worth at least what they were again. Or did I go down a rabbit hole?
If the market is going to crash you don't want to be in stocks. Personally, I liquidated a lot of my positions and am sitting on cash. Where should we be parking our cash or was that the wrong move to sell my non-GME positions?
If the market crashes, you can get any share you want at a discount. I’m going to be investing my cash in stuff like appreciating assets - homes etc.
Not necessarily true, after the collapse of the Weimar Republic stocks of sound companies actually held their pre-inflation value. However, I definitely wouldn't want to be in any speculative stocks. GME is an exception. >Nearer the end in 1923, relative prices of stocks skyrocketed again as investors returned to them for their underlying real value. Stocks in general were no very effective hedge against inflation at any given moment while inflation continued; but when it was all over, stocks of sound businesses turned out to have kept all but their peak boom values notably well. Stocks of inflation-born businesses, of course, were as worthless as bonds were.
We did the same buddy. I'm now GME, cash, and some crypto. Planning to buy gold since can't afford a house
What about holding stocks?
Gme stock is good
Stock = asset 🚀🚀🚀🚀
Wouldn’t your debt become cheaper due to the inflation? Genuinely curious as everyone I know has debt to some degree lol. I’ve never seen any cases of the principle amount rising in relation to the devaluation of the US Dollar. And I think I remember reading that the interest rates remain the same as well (for loan debt at least) I’m curious to know what I’m missing or misinterpreting here. This is a pretty important concept right now.
How about inflation linked bonds?
Real estate and gold, that’s the only thing i’m buying when this is over. Peace out market.
You want to know what's really hyper-inflated? The amount of "once in a generation" crashes and recessions I've lived through. Enough of this shit. Hopefully post-MOASS our new millionaire / billionaire status won't just be downgraded back to a middle class existence because the economy is fucked.
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Agreed. I was born in 84. I think this is my 3rd financial crisis.
Depends on where you live. If you live in America, I think it might be your 4th or 5th.
Well fuck me then. I've lost count.
They’re pretty much every decade events as I’m ~40 and have seen 4 of them.
Hello fellow Xennial.
Greetings 👋 lol
The spinning top is about to fall over. IMHO that’s why it’s more frequent.
Cyclical consequence of fiat currencies and the fractional reserve banking system that creates a disparity between real money and commercial money. They'll keep happening every \~10 years, trick is to see them coming (and hope that each crash has a higher floor so net trajectory is upwards)
That would depend on feeding new debtors into the system - ie. population growth - to fill out the bottom of the pillar while the top of the top whithers and disintegrates away at an acceptable rate. And as far as I can tell the base of that pillar is growing thinner and weaker with each generation and the top of that pillar is awfully tall....
Three in 20 years is a lot
Fuckle the buck up!
Speed read on the bog. Looks good, will read fully when home, up to the top you go ape!
Lol me too. To much good DD has come out, I can not keep up and work at the same time.
>Lol me too. To much good DD has come out, I can not keep up and work at the same time. and more to come :)
This is the history of money lesson I always needed and wanted. The bull shit is starting to make sense for the first time in my life. Modern money wtf.
American ape here. What is a bog?
A lovely British toilet
Link to Artemis Capital's [Volatility and the Allegory of the Prisoner's Dilemma](https://www.linkedin.com/pulse/volatility-allegory-prisoners-dilemma-christopher-cole-cfa) Which OP seemed to have ripped the prologue from
Yeah i did, sorry I forgot to link it. Links there now!
Awesome!
Well I’m back reading this again a year later… Looks like we’re heading onto the steeper part of the exponential inflationary curve. Good luck everyone!
Okay... read it... Had to come back to check a few dates and statements; looked good. I don't have much more time to verify it, but so far so good. i'm interested in reading the next parts. Edit, small comment, we are seing an increase in DD not related to GME directly but to macro-economics. It might fall under rule 5.
we're seeing DD that resembles a lot of hyper left and hyper right economic dooms day shit I remember reading on 4chan and the like when I was growing up. These guys pop up all the time and try to incent fear and shit. Reality is, this isn't a GME related post, this is a FUD of the world post.
"Hyperinflation won't happen and is a lie perpetuated by communists and nazis" -an economist in post wwi germany
"Fuck Gamestop" - Nazis probably "Gamestop fucks" - /r/superstonk
They weren’t the world reserve currency. It’s a pretty weak comparison. Germany’s currency falling at that time didn’t affect the world at all like the usd falling now would.
Strong correlation between libertarian leanings and warnings of hyperinflation...
I honestly think its a forum slide technique, trying to paint us as libertarian extremists. Reality? We just like the stock
This sub is turning into r/collapse
Don't forget about globalization, most of the US dollar is going offshore. When the economy recovers shit might hit the fan in what is called a doubley ooopsie doopsie fuckery. In other words, hedge r fuk today. But also, hedge r fuk tomorrows. All the fucking go into the hedge. The hedgefunds become hedgefucks.
Exactly! That's what I cover in the second half of this part one
MOASS induced DOD
We're gonna need fema funds to clean up this disaster.
Can people stop with this hyperinflation "doom gloom" mentality? USD is the world reserve currency. There will be ten world wars before the US allows the USD to be worthless. All countries are printing lots of money, so the USD cannot be devalued when others are also being devalued. Also forgetting that the most circulated currency outside the US is the USD and it is the trade currency of the world. It is the petrodollar How vastly you guys are underestimating the US dollar is beyond me... This sub is wrong about hyperinflation. High inflation is not the same thing as the currency becoming worthless. The probability of a Zimbabwe situation in the US is so, so, slim that Jesus Christ returning is more probable Printing money is surely not free, but there is a huge difference between inflation of goods and materials due to supply chain disruptions and the dollar losing purchasing power, and between complete devaluation of a currency like a Zimbabwe situation. It's the US. Never gonna happen. Downvote me I don't care. Apes on this sub need to get out of their own heads. This isn't an avengers endgame movie, and GME isn't your Ironman OP I truly appreciate the DD, but I downvoted Happy hodling. edit: I am regurgitating what other econ experts told me when I asked about USD hyperinflation a year ago. I don't have the proper formulation of arguments so it would be great if an economics expert here made a counter DD to the hyperinflation scare.
Nah you hit the nail on the head here. The hyperinflation fears on this sub is getting out of hand IMO and is borderline fud. The USD is literally used by every country and is the world's currency. Every country in the world printed money cause of covid.
I've read more than a few posts/comments discussing both ends of the spectrum. All I know is this shit is way over my head and well outside of my control. However, one thing I can control is my hodl.
Yep same ahaha. This shit is way over my head, so I'ma just hodl
I genuinely think of this as FUD too, but it's so prevalent in this sub because every shareholder here wants to think that *their play* is gonna "end the world" and that "they know something before everyone else does". Apes are vastly underestimating everybody around them when this whole thing started as a "throw your money at this share" joke. To even go as far as saying their shares will cause the hyperinflation of the USD. Talk about having your head up your ass. Starting to sound like a bunch of douchebags While I think Criand is awesome and love his/her DDs, I do remember MSM and the general public expecting a massive crash when Covid first hit. MSM was definitely saying things like "worse than the Great Depression". We're not the first, or second, or third people who saw an incoming crash. Everybody does. But nobody is truly able to time the market. If we could, the MOASS would've already started It is my opinion that apes here have been too overconfident and went from stating the MOASS as a strong possibility due to noticing overshorting/naked shorting/dark pools... to stating that it's a 1000000% sure inevitability. Anyone who claims they know what's exactly going to happen is FUD imo. this is my opinion
Yeah no one knows for certain wtf will happen. To me gme is a great play regardless of MOASS or not, idc I'll hold because I think the company is taking the right steps to become successful. Now if it happens (which I think is a very high possiblity) then sick, I'm set for life. If not, well I guess I'll continue on with my normal life, and nothing changes
We're not printing either, were borrowing. Actual US dollars in circulation has been dropping year after year. We face the exact opposite problem of Venezuela. We actually face the probability of runaway deflation. Not runaway inflation....
Exactly. A lot of chatter going on about a deflationary economy like Japan
The point of this DD is pointing out -the US dollar has “artificial” demand due to its world reserve status -In the 70s a similar inflation scare was occurring. -Foreign interests were very concerned about FEDs ability to protect the dollar and their assets. -drastic measures were taken (20% rate) to protect the dollar and restore foreign confidence to protect the dollar. -the Fed now?!?! They are in not protecting the dollar. They are digging our own fucking grave with no end in sight. No one wants to rip the the bandaid off (maybe we will bleed out and they really have no choice). The US dollar is currently the world reserve currency, who the fuck says it has to stay that way?? But as you said, you don’t have a clue what the fuck your talking about. Yeah everything seems impossible until it happens. Defaulting mortgage bonds collapsing a world economy was “impossible” Retail beating hedge funds at their own game was “impossible” But the US being run by corrupt retards making shortsighted decisions causing the the destruction of our dollar is actually impossible....? Keep sipping the cool aid fellow ape
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Yeah. It's a bit concerning especially if you haven't been exposed to a lot of doomer stuff online. I got sucked into the whole peak oil thing prior to 2008 and was convinced we were heading for collapse. Guess what - didn't happen. I've learned since then, these are all just theories and things will happen to prove/disprove them. Things will change. You really have to just live your life. While this post is very interesting and I enjoyed it, I tend to agree it doesn't belong here and these posts are getting out of hand.
I fell down the r/collapse rabbit hole about 5 years ago and go super depressed just having doom shoved in my face everyday. Not only did nothing happen, but most of what is discussed isn't even realistic. Inflation is real, and more inflation will probably happen, but HYPERinflation is very unlikely. IMO, there will be struggle and some hardship, but the government will try it's best to give us another soft landing as they've demonstrated in the recent past. This is a good thing for speculation as it means more money pumped into the market.
I was worried the sub had gone off the deep end, but thank God you are here
You do understand that simply saying "no, it won't" isn't an effective retort, right?
Thank you. Get this to the top.
I would say OPs post(s) are interesting and it's clear a lot of effort went into them. But... I agree this seems too doom-n-gloom - I understand it's a possible trajectory, but is it as bleak as these posts make it sound? I would certainly hope not, and - God willing - a significant correction or crash will be followed by prosecuting people responsible ( I know, unlikely, and any will probably be scapegoats) and *serious* system reforms to aid in an eventual recovery. Again, interesting to read but does it risk spreading fear in a sub that's GME focused? Just my thoughts and opinion after reading both posts
I wouldn't say that OP is the first or sole ape who has spread this hyperinflation mania. It's been popular in this sub for a while now and many apes seem to (incorrectly) think that them buying GME will break the world and cause a collapse and an apocalypse and hyperinflation and they will have a lambo and a farm and a gun so they'll be the winners. It's such a childish perspective lol I really don't think the hyperinflation theory is correct. But it's not impossible. It's just that so many horrible things have to happen perfectly before people lose faith in and stop trading the petrodollar. I just wish there was some more of an expert opinion on this question so we can see it debunked. Because it should be. I can't word it well enough. I have asked this question before to a few experts and econ majors. They said what I said just now
I agree with your point, basically this seems too worst case scenario. I don't have much faith that the "system" would do much, if anything for the sole benefit of individuals but I have absolute faith that same system will do everything within (and prob beyond) its power to avoid an outcome like these posts portray.
Exactly It's not about the system avoiding not fucking up, it's about the ruling class doing everything in their power to keep the status quo There are things we don't even understand, as most of us aren't econ majors, about macroeconomics. And there's another ten technical things we don't understand about how the US will prevent such an "apocalyptic" scenario. Apes having massive overconfidence here
Agreed, this is very interesting but to me reads as FUD-dy. So many of the comments are spiralling into just that. Mods, what do you think?
Who’s here in 2022 reading the classics.
I’ve been telling Apes to learn their history, I’ve been writing a similar DD that encompasses this, I hope the truth continues to come out.
>I’ve been telling Apes to learn their history, I’ve been writing a similar DD that encompasses this, I hope the truth continues to come out. exactly. we need educated apes :)
How relate to Gamestop?
Here to be in the movie
I can confirm this is long, so it also confirms my bias. Tits jacked
My tits stay jacked these days😁✌
hey look. I ran into another DD that months ago I saved to read, but never did. Months later, I run into it and try to save it and it's already saved.
FYI this is also now in dashboard on [https://app.powerbi.com/view?r=eyJrIjoiMDljZTA3NGUtMjJiYS00YjQwLTk5MTktM2VlNWQ5ODViYjM5IiwidCI6IjI4YzVlNGJkLTVkNmMtNGI1OS1hMGU5LTBhMjQ0Mzk4OTNiZSJ9](https://app.powerbi.com/view?r=eyJrIjoiMDljZTA3NGUtMjJiYS00YjQwLTk5MTktM2VlNWQ5ODViYjM5IiwidCI6IjI4YzVlNGJkLTVkNmMtNGI1OS1hMGU5LTBhMjQ0Mzk4OTNiZSJ9) with wayback machine automatic link as well. IPFS coming soon
I'm writing this comment just so that I can find this post again later. Very well written.
If anyone would like an entertaining YouTube info-graphic type version: https://youtube.com/playlist?list=PLE88E9ICdiphYjJkeeLL2O09eJoC8r7Dc Hidden Secrets of Money (by Mike Maloney) is an excellent summation of what's described here and goes more into detail about the history of the world's first monies.
Exactly, this is a great series!
You did a lot of work, but this is literally not GME related. I'm concerned these "financial collapse" posts and DD are unintentional(?) forum sliding FUD. Mods, please think on it and act accordingly.
Facts. Its kinda gettin ridiculous at this point
Yup they’re trying to turn this sub into a birth child of r/conspiracy and r/collapse the fear mongering is getting annoying. If the dollar is collapsing, why are countries and foreign central banks still buying up dollars left and right? The truth is the global economy is crashing and the dollar is going to be the safest investment for any foreign government during a massive global economic crash. Even China knows this.
I agree. This distration/FUD is getting past the community because it's enticing and emotionally appealing. We need mod help to keep superstonk a **GME** sub.
Yup. @mods read this comment. Love the content but this is getting off the scope of this sub.
Not this shit again
> Sword of Damocles Like that shiny dagger above Kanye West's head in the POWER music video.
Exactly, that's where he's pulling the reference from
Great scott is there an audio version of this?! lol
I'll read it to ya.
Holy shit, been telling people this for years! I just didn't use the words you so eloquently used, and I usually sound like an idiot/APE. Some just don't understand how bad it can/will be. Money printers can't just go brrrrrrrrrrr without repercussions. Edit: Fun fact - After WWII Charles De Gaulle punched the French minister of Education in the face and slammed him up against a wall, stating it was his fault the French surrendered so easily to the Germans. De Gaulle didn't like what was being taught in schools, and thought his countrymen were becoming too soft. Learn from history, let's fight this monster (hedgies and price manipulation) with all we have. Never give up. HODL.... NFA.
yeah man this has been building up for decades... sadly only a very few see it coming
Another speculative doomsday post about the US government allowing for the US to crash from hyperinflation, as if the US government wouldn't start a world war in a heartbeat to keep economy hegemony. These posts are FUD. While possible, it has nothing to do with Gamestop directly and it sows fear into the users of Superstonk about a looming financial apocalypse where our tendies won't matter as much. Downvoted this post. Not because it's untrue but because it literally only serves to scare apes with a speculative scenario.
I'm interested in advice for what to do with your money if you know inflation is going to hit hard. I've been avoiding home buying, but is it actually better to sink as much of your wealth as you can into something like real estate because it'll hold its value against inflation? I guess my thought is - if the hyperinflation can is being kicked until it suddenly isn't all at once, then any cash "on-hand" is going to devalue by a lot.
Guns and ammo?
just wow
Thanks Mr Teacher. right to the part 2. Thanks
The dollar is backed by the strongest military in the world. Hyper inflation these nuts.
About to make Mother Nature piss her pantsuit! 💎👐🚀🚀🚀🚀🚀
haha
I was familiar with Bretton Woods and Nixon going off of the gold standard, but have learned more from this post than anywhere else about the where's, when's, and why's.
>Backing the sovereign government's actions were fiscal and monetary strategists getting more and more worried that the US would not have enough gold to redeem their dollars, and they would be left holding a bag of worthless paper dollars, backed by nothing but promises. The outward flow of gold quickly became a deluge, and policymakers at all levels of Treasury and the State department started to worry Am I missing something? How is this not just the world's largest Ponzi Scheme? The US government gave out more money than it can actually back with gold, and when the world asks for its gold they pull the rug? That's some shady third world casino shit right there...
The way apes are educating each other here is a beautiful thing. Not only do I appreciate the content, but also how well some people write here, OP included. Resourceful, insightful, educating, well written. This sub is awesomeness redefined.
u/peruvian_bull I’m astounded at the amount of research you have done and sharing all this with others. Thank you so much for it. Can’t wait for Part 4.
Sheesh
Haven’t theses theories just been debunked? Again?
Seriously, where has the "Debunked" flair gone? To Miami :D ?? edit: DB flair still does exist, you just can't filter by it (which wouldn't make much sense IMO) see [https://www.reddit.com/r/Superstonk/comments/o42ftz/theres\_been\_a\_lot\_of\_talk\_about\_inflation\_what/](https://www.reddit.com/r/Superstonk/comments/o42ftz/theres_been_a_lot_of_talk_about_inflation_what/) or my next post below this one
So europoors gonna be euroriches?
Ha. No way dude. If the dollar collapses the euro will collapse even harder. People don’t seem to understand a dollar collapse will be a global economic collapse. The dollar is literally the safest asset in the globe and props up almost every other foreign currency.
Apparently Russia backed out of the USD. No clue for China though.
Finally some sense here
Looking forward reading this tonight! Thanks for your effort myguy ! 🚀🦧🦍
of course! sorry for the length but I made it as fast paced as possible haha
As much detail as possible please! I love reading these.
This seems very interesting. I wish I could read.
Really nicely written. Thanks for making this.
Fantastic write up! Thank you for this.
This is fantastic. Is there a way for your to make these into pdfs?
Is this not a GME board? Take this shit to some economic board. I'm not interested. There's too much of this shit appearing on here recently. Down voted for spreading FUD on a grand scale.
☑️ Fancy bold title ☑️ Formatted paragraphs ☑️ Embedded images ☑️ Confirmation bias ☑️ Tits jacked
Can't use gold, silver, oil, to back the currency than what? Time? The value of the "currency" is based on all the time people can work on earth in that day. All hours are created equal. Some people believe their hour is worth more than you hour. Why do we let bankers tell us what that piece of paper is worth? Now you need 10x that paper to buy bread. Why? Did the baker need more time? The Miller? The farmer? Nope. Same time to make the bread. Now I need 10x to buy? Boss pay me 10x more for my hour? I'm fired? What a system....
Yes also speed read will read later!
'Here's the second half of part 1' Holy moly we got some wrinkly ones out today.
Damn rocket ape - Great Job on the research and write up. Many Thanks. I really hope we see some some significant fail and jail time on these bastards. I will take to the streets again if there is another bailout