Zero Hedge: One day after the Weimar tweetstorm below, and shortly after our article came out, Burry tweeted the following:
People say I didn’t warn last time. I did, but no one listened. So I warn this time. And still, no one listens. But I will have proof I warned.
Indeed he will. Read More
Opinion: Michael Burry is a former hedge fund manager and now a private investor. I feel his pain. I cannot even guess how many Posts we have written warning about that very thing. Hyperinflation.
The US government is inviting inflation with its MMT-tinged policies. Brisk Debt/GDP, M2 increases while retail sales, PMI stage V recovery. Trillions more stimulus & re-opening to boost demand as employee and supply chain costs skyrocket. #ParadigmShift
Modern Monetary Theory (MMT), in brief, argues that countries that issue their own currencies can never “run out of money” the way people or businesses can. As a point of reference Alexandra Ocasio Cortez (AOC) is all for it. If a nation needs more money …. print it and raise taxes.
Burry: Germany 1920-33:
“The life of the inflation in its ripening stage was a paradox which had its own unmistakable characteristics. One was the great wealth, at least of those favored by the boom. Many great fortunes sprang up overnight…The cities, had an aimless and wanton youth”
- Prices in Germany were steady, and both business and the stock market were booming.
- Side by side with the wealth were the pockets of poverty.
- Accounts of the time tell of a progressive demoralization which crept over the common people
- Almost any kind of business could make money. Business failures and bankruptcies became few.
- Speculation alone, while adding nothing to Germany’s wealth, became one of its largest activities.
- The volumes of turnover in securities on the Berlin Bourse became so high that the financial industry could not keep up with the paperwork
- All the marks that existed in the world in the summer of 1922 were not worth enough, by November of 1923, to buy a single newspaper or a tram ticket.
Germany’s #inflationcycle ran not for a year but for nine years, representing eight years of gestation and only one year of #collapse.”
Burry could have added that the hyperinflation of that era led to the rise of Adolf Hitler …
The difference between Prophecy Tracker and Michael Burry is that he is looking at pure and simple economics and we look at how today’s economics fit into Biblical prophecy. We will both be right, but I doubt Michael Burry even knows what we are talking about.
… How interesting that the hyperinflation in Revelation 6:5-6 also calls for another dictator – named Antichrist.
See our paper The 1% and Revelation: Do Not Harm the Oil and Wine Here