Hello US Hyperinflation - hello BTC reserve currency.
Starting off I really had this event happening around 2030s, but here we are in 2023 just as Weimar Germany in 1923 stuck with too much debt to gdp.
I don't care what the debt comes from or is spent on when a government goes Weimar and allows debt to get too far from a countries GDP its the point of no return. Done. Settled. There is no coming back.
So where are we in US history?
1. US dollars are no longer backed by Gold
2. US dollars have been printed to mask a failed regulated banking system
3. Inflation remained low due to US military operations and military debt spending
4. Now US inflation is appearing while the banking system is in crisis, meaning its game over. Its the great depression or hyperinflation
5. Too much inflation for wages? here take some stimulus money. Can't afford rent? here take some stimulus.
Measure the DXY index to US money supply you can clearly see its game over, measure the US stock market in US money supply you can clearly see its game over.
Hyperinflation happens when you least expect it, the global banking system is already betting on the CNY being the new reserve currency for the next 100 years, but guess what? I don't think this is going to happen, bitcoin has already given the leaders in China a reality check when they saw what BTC was becoming and tried to ban it, followed by shadow miners and the Chinese government collecting BTC for insurance.
bitcoin will be the last peaceful weapon of last resort that will somehow plug into a new US CBDC that will be backed by bitcoin its the only way out of this mess.
there's a reason mining has been allowed, taxes to be harvested in BTC, + the US government got selling any Bitcoin while the Russian government has been doing similar, all giant countries are aware of this.
Will the US Government try ban Bitcoin? Nope the opposite they will front run exports / imports in a CBDC / Bitcoin hybrid and become the leader of the new world reserve currency Bitcoin.
This way China will be happy, Russia will be happy, there's no more fighting over some reserve currency.
Final thoughts, if this is it we will see stock markets rise and appear "recovered" real estate start to halt declines DXY will start to weaken people will get asset richer while getting asset poorer, followed by hard assets like Gold and Bitcoin doing things you can't even imagine.
This is Bitcoins moment, once those printers start in the G7 countries.
US government will never allow a CNY reserve currency without World War 3, a bitcoin standard? possibly bitcoin will prevent a world war 3 scenario over power.
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1. The hyperinflation crisis of 1922-23 was caused in large part by the Weimar government printing banknotes to pay striking workers in the occupied Ruhr.
2. By mid-1923, the printing of these banknotes, which were not backed by gold, was causing a rapid increase in both prices and wages.
3. This hyperinflation led to farcical scenes, such as extraordinary prices and Germans pushing wheelbarrows of cash to buy simple items.
4. Hyperinflation also eroded the cash savings of the middle class and caused foreign exchange rates to skyrocket, disrupting commercial activity.
5. The hyperinflation crisis was eventually ended with the formation of a new reserve bank and the issue of a new national currency called the Rentenmark.
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
I don't care what the debt comes from or is spent on when a government goes Weimar and allows debt to get too far from a countries GDP its the point of no return. Done. Settled. There is no coming back.
So where are we in US history?
1. US dollars are no longer backed by Gold
2. US dollars have been printed to mask a failed regulated banking system
3. Inflation remained low due to US military operations and military debt spending
4. Now US inflation is appearing while the banking system is in crisis, meaning its game over. Its the great depression or hyperinflation
5. Too much inflation for wages? here take some stimulus money. Can't afford rent? here take some stimulus.
Measure the DXY index to US money supply you can clearly see its game over, measure the US stock market in US money supply you can clearly see its game over.
Hyperinflation happens when you least expect it, the global banking system is already betting on the CNY being the new reserve currency for the next 100 years, but guess what? I don't think this is going to happen, bitcoin has already given the leaders in China a reality check when they saw what BTC was becoming and tried to ban it, followed by shadow miners and the Chinese government collecting BTC for insurance.
bitcoin will be the last peaceful weapon of last resort that will somehow plug into a new US CBDC that will be backed by bitcoin its the only way out of this mess.
there's a reason mining has been allowed, taxes to be harvested in BTC, + the US government got selling any Bitcoin while the Russian government has been doing similar, all giant countries are aware of this.
Will the US Government try ban Bitcoin? Nope the opposite they will front run exports / imports in a CBDC / Bitcoin hybrid and become the leader of the new world reserve currency Bitcoin.
This way China will be happy, Russia will be happy, there's no more fighting over some reserve currency.
Final thoughts, if this is it we will see stock markets rise and appear "recovered" real estate start to halt declines DXY will start to weaken people will get asset richer while getting asset poorer, followed by hard assets like Gold and Bitcoin doing things you can't even imagine.
This is Bitcoins moment, once those printers start in the G7 countries.
US government will never allow a CNY reserve currency without World War 3, a bitcoin standard? possibly bitcoin will prevent a world war 3 scenario over power.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1. The hyperinflation crisis of 1922-23 was caused in large part by the Weimar government printing banknotes to pay striking workers in the occupied Ruhr.
2. By mid-1923, the printing of these banknotes, which were not backed by gold, was causing a rapid increase in both prices and wages.
3. This hyperinflation led to farcical scenes, such as extraordinary prices and Germans pushing wheelbarrows of cash to buy simple items.
4. Hyperinflation also eroded the cash savings of the middle class and caused foreign exchange rates to skyrocket, disrupting commercial activity.
5. The hyperinflation crisis was eventually ended with the formation of a new reserve bank and the issue of a new national currency called the Rentenmark.
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