Farewell To Yet Another Failed Monetary System

0
93

Zero Hedge: The beginning of the end of the current monetary system started exactly 50 years ago. In the next few years the world will experience the end of the end of another failed experiment of unlimited debt creation and fake fiat money.

Economic history tells us that we need to focus on two areas to understand where the  economy is going – INFLATION AND THE CURRENCY.

These two areas are now indicating that the world is in for a major shock. Very few investors expect inflation to become a real problem but instead believe interest rates will be subdued. And no one expects the dollar or any major currency to collapse.

But in the last two years money supply growth has been exponential with for example M1 in the US growing at an annual rate of 126%! 

Von Mises defined inflation as an increase in money supply. The world has seen explosive growth in credit and money supply since 1971 and now we are seeing hyperinflationary increases.

Hyperinflation is a currency event. Just since 2000 most currencies have lost 80-85% of their value. And since 1971 they have all lost 96-99%. The race to the bottom and to hyperinflation is now on. Read More

Opinion: The financial crisis that began in 2008-9 was likely the final blow to the global economy. Between 2009-13 over $4 trillion was printed in the US and £375 billion in the UK that started a trend as a means to solve every financial problem. In 2020, both continents ramped up printing to nose bleed levels while in 2021 newly elected President Joe Biden seeks $6 trillion more.

From the article: Profligate spending and monetary discipline are the worst of enemies. For a politician, the mere thought of frugality would never enter their mind.

Hyperinflation can come slowly or suddenly with the collapse of a nations currency, and with it a despot authoritarian ruler.

Germany 1921-23 – The Weimar Republic, Germany’s government from 1919 to 1933, fell into hyperinflation. In October 1923, German prices rose at the rate of 41 percent per day. Starving Germans eventually brought in Adolf Hitler. as a savior for the economy.

Venezuela 2016 – The Socialist policies of Hugo Chavez (1999-2013) led to the highest  inflation rates the world. In 2014 under Nicolás Maduro, inflation continued to increase in  exceeding 1,000,000% by 2018 as Venezuela spiraled into hyperinflation.

So which one will go first, the US dollar or Euro?

Since the revived Roman Empire of Daniel 2:33, 41-43 represents the final world empire that shares an element of iron suggesting a connection to Rome, and the ten toes could imply a ten-nation confederacy (matching the ten horns in Daniel 7:20)  Europe is the likely candidate to go first.

Daniel 9:26 indicates the Antichrist will come from an ancient Roman Empire state, and who better to ride in on a White Horse (Rev. 6:1-2) to save Europe than Satan’s man. A Pontifex Maximus with a global church (Rev. 13:11) will be waiting for him.

Hits: 21