Similarities between Japan 1989 & Weimar Germany 1923 could not be more clear.
People waiting for the "recession" clueless to the break down of the USD dollar system.
--MISCONCEPTIONS--
But the 10Y - 2Y yield!, did you adjust that indicator for the QE / debasement? probably not like every single other economist that refuse to acknowledge Quantitative Easing is real why? simple it keeps their assets rising self fulfilling prophecy.
But inflation is coming down! Hyperinflation is solved!, did you know before the final vertical hyperinflation event inflation actually fell in Weimar Germany to zero?
But the world purchases US debt because the US always pays its debt!,
ok great
32.5 Trillion in US National Debt.
192.5 Trillion in US Unfunded Liabilities.
US CPI going vertical & FRED raising rates in panic as the base GDP growth cannot fund this debt how do you think they are going to afford it?.
That's right! they're going to be forced to print hundreds of trillions of dollars. Well done you have purchased debt of a currency on the brink of hyperinflation.
--REALITY--
CPI both Weimar Germany & USA are going up way way too fast
Government debt in both time periods are going vertical, what did Weimar Germany do to solve this? they debased their currency to pay the debt & interest.
BRICS + Will continue their move creating a multi polar world economy and majority of countries will go with China & Russia due to their near zero debt to gdp.
Japan owning the most US debt forced to raise rates to deal with local inflation and their own bonds have no option but to talk with Russia & China to save their country or they will go under with the USA its just math.
USA has one option
1.Print 100's of trillions to stop safety nets failing + explosion in unemployment & introduce a new currency like Germany did at a 1:10 ratio.
2. Federal Reserve now purchased all your assets, destroyed your currency, forced you to lose your value 1:10 1:100. Welcome to Socialism.
-- Final --
Between 1913 and December 1923, retail prices increased by about 1 trillion, with inflation accelerating in 1922-1923. After World War I, the Versailles Treaty of 1919 condemned defeated Germany to pay reparations of a disproportionate amount (equivalent to two years of its pre-war GDP). The State financed these payments by creating money, which led to a self-sustaining rise in prices: as prices rose faster and faster, people sought to buy right away for fear of having to pay more later. This flight from money led to hyperinflation: prices rose faster and faster, and increased by 1 trillion between 1913 and December 1923. Gradually, the Reichsmark lost its functions as money, as evidenced by women burning banknotes to keep warm since they were worth less than wood logs. On 15 November 1923, a monetary reform broke the inflationary spiral by replacing the Reichsmark by the Rentenmark, on the basis of 1 Rentenmark for 1 trillion Reichsmark. This hyperinflation crisis also saw the rise of mass unemployment and extremist movements, in particular the Nazi Party of Adolf Hitler, which failed its attempted coup on 8-9 November 1923 in Munich.
-- Final --
-This started with global emergency QE in 2008 now 2023 15 years period.
--USA abandoned the gold backing of its currency in 1971.
USA is out of time and out of options based on history.
-Weimar Germany Started printing in 1913 failed currency 1923 10 years period.
--Weimar Germany abandoned the gold backing of its currency in 1914.
How to counter trade this? just see where the smart money flocked to in Weimar Germany.
"Investors want a spot Blackrock ETF to manipulate retail traders, no people investors want a secure fast way out of the system collapsing before your eyes".