Modern Monetary Theory is a bastardized version of Keynesian economics adopted by almost all nations with a central bank. Basically, it says that you don't have to worry about things like budgets if you can just print more of your own currency.
That graph shows just how insane our government and bankers have become in the past decade+, where more than half of all the money in circulation was been created out of thin air in just the past year or two.
It works great until it doesn't. Those at the top of the capital structure amass huge wealth gains, while the rest of us see all of our savings dissipate due to lower purchasing power.
If you have more money chasing after the same amount of goods, the cost of those goods is always going to go up. We're seeing the beginnings of impactful inflation already at the gas pump, grocery store, apparently the plywood store, and especially in asset prices like stocks and real estate.
This is nothing compared to the hyperinflation that is coming.
Thanks I appreciate you explaining. I skimmed over the abstract of it just didn't have time to look any of it up. We lost in 1913 when the century long fight against central banking was lost. People think the first great depression was bad, this will be the first GREAT depression. You see the thing is, they didn't discontinue the graph, they are only discontinuing the graphs public availability.
You're 100% correct in your interpretation of 1913.
About the discontinued graph; it's not that they discontinued this one, although they've discontinued other data for nefarious reasons. The link I sent was discontinued, but there's a link to the new version of the non-discontinued data. The interesting part is why the did this, and it's not for presentation purposes.
I'll leave it as a mystery, but I'm betting you can solve it.
Oh, and for some more fun, I hope you're familiar with this site. Given your understanding of 1913, I think you'll appreciate it if you're not already familiar:
This has been the inevitable conclusion ever since banks figured out they could create money out of thin air and sell it to our governments while they just sit back and collect interest. Going off the gold standard sped up the demise, but it only really got going when the Fed really started pumping the printers to solve crisis that the Fed had created (intentionally).
But there are solutions. There will be a new monetary system in the next few years, one way or the other.
But there are benign solutions. An asset-backed crypto currency makes a ton of sense. We just need to take back our country and destroy the central banks.
At the end of the day, money only has value because we pretend that it does.
Ps. The Founding Fathers had numerous debates about the subject, so none of this is new at all.
The economy crashing will be a good thing for us and a bad thing for the swamp. It will make people uncomfortable when they cant afford food, and uncomfortable people are prone to 1776.
I'm sure it has nothing to do with this:
https://fred.stlouisfed.org/series/M1
its exactly that and the fact that it is DISCONTINUED should tell you something very serious
I've posted that link several times here.
You're the first to notice that VERY important little detail.
Wish I had time to elaborate, but feel free to take the ball and run with it.
when you have time please elaborate. not familiar with this and don't wanna run in the wrong direction with it
Modern Monetary Theory is a bastardized version of Keynesian economics adopted by almost all nations with a central bank. Basically, it says that you don't have to worry about things like budgets if you can just print more of your own currency.
That graph shows just how insane our government and bankers have become in the past decade+, where more than half of all the money in circulation was been created out of thin air in just the past year or two.
It works great until it doesn't. Those at the top of the capital structure amass huge wealth gains, while the rest of us see all of our savings dissipate due to lower purchasing power.
If you have more money chasing after the same amount of goods, the cost of those goods is always going to go up. We're seeing the beginnings of impactful inflation already at the gas pump, grocery store, apparently the plywood store, and especially in asset prices like stocks and real estate.
This is nothing compared to the hyperinflation that is coming.
I'd like to know more as well WarHamster.
See below.
I posted a detailed response nearby.
Thanks for the link.
Weimar/Zimbabwe incoming
But on a global scale.
Fire sale on gold and silver. Silver especially.
Can you explain this to a simpleton like me?
They’re printing so much money they discontinued measuring how much money there is.
So money is going to be literally useless soon...
I mean it literally has the link to the continued one right there at the top of the page. https://fred.stlouisfed.org/series/M1SL
What is this?
Graph showing how much money is circulating. Went from 3 trillion or so to what 18 trillion in the past 2 years.
Took all the way to 2001 to pass 1 trillion.
More money in the system buying things, the price of things goes up. Goods are not unlimited but made up money is.
Thanks I appreciate you explaining. I skimmed over the abstract of it just didn't have time to look any of it up. We lost in 1913 when the century long fight against central banking was lost. People think the first great depression was bad, this will be the first GREAT depression. You see the thing is, they didn't discontinue the graph, they are only discontinuing the graphs public availability.
You're 100% correct in your interpretation of 1913.
About the discontinued graph; it's not that they discontinued this one, although they've discontinued other data for nefarious reasons. The link I sent was discontinued, but there's a link to the new version of the non-discontinued data. The interesting part is why the did this, and it's not for presentation purposes.
I'll leave it as a mystery, but I'm betting you can solve it.
Oh, and for some more fun, I hope you're familiar with this site. Given your understanding of 1913, I think you'll appreciate it if you're not already familiar:
http://www.shadowstats.com/alternate_data/money-supply-charts
Holee FUCK!!
That was my response about 12 years ago. There are no expletives to adequately describe my reaction today.
This graph has sorta erased all hopium - It looks like the economy is going to crash hard. Biblical hard. Am I a Doomer now?
This seems unrecoverable...
This has been the inevitable conclusion ever since banks figured out they could create money out of thin air and sell it to our governments while they just sit back and collect interest. Going off the gold standard sped up the demise, but it only really got going when the Fed really started pumping the printers to solve crisis that the Fed had created (intentionally).
But there are solutions. There will be a new monetary system in the next few years, one way or the other.
The bad guys want this: https://www.weforum.org/great-reset (Caution; you won't sleep after reading this).
But there are benign solutions. An asset-backed crypto currency makes a ton of sense. We just need to take back our country and destroy the central banks.
At the end of the day, money only has value because we pretend that it does.
Ps. The Founding Fathers had numerous debates about the subject, so none of this is new at all.
The economy crashing will be a good thing for us and a bad thing for the swamp. It will make people uncomfortable when they cant afford food, and uncomfortable people are prone to 1776.