We’re merely repeating history. This is why a dollar hyperinflation crisis is likely in 2020.
During the German hyperinflation crisis of 1923, the cost of a loaf of bread rose to 4.6 million paper reichsmarks.
It was literally cheaper to burn cash instead of firewood for cooking and keeping warm!
Along with the currency, the life savings of every German citizen went up in smoke. Only those smart enough to secretly hoard gold and other precious assets maintained their wealth.
It was a Central Banker’s wet dream! Bankrupt the populace so they’ll do whatever you say.
Believe it or not, the US is hurtling towards an identical scenario.
The two factors which triggered Germany’s 1923 hyperinflation?
First, the government was in uber-deep debt after the first world war.
To make things worse, the rest of Europe was demanding reparation payments for post WWI damages. Germany was broke.
Sound familiar?
The current US National Debt is $22 Trillion and American consumer debt is at $13.5 Trillion. Credit card debt alone has reached $834 Billion.
America just can’t get enough debt!
The other problem that contributed to the historic depression in Germany was the government printed unbacked money like there was no tomorrow.
Sound familiar?
While the Federal Reserve isn’t technically printing cash, they’ve actually been doing something much worse since 2008.
Just over a decade ago, the crazy addicts at the Central Bank swooped in to stop the economy from total collapse by “printing” more money.
They call it Quantitative Easing (QE).
Basically, the Fed wires money that never even existed (crazy, right?) to banks in exchange for bonds. They’re totally hooked on QE as a tool for economic stimulation.
If they stop hitting the QE crack pipe, the economy would collapse… and fast. They know this, of course. See, just like recreational drugs, QE gets your economy high for a while…
But just like every addiction, they keep needing more and more for the same fix, which is why today the Fed pumps $160 Billion per day into US banks (this hasn't happened since 2008).
Here we are again. When the value of a currency is debased beyond repair, we all know how that ends up.
Just like the fall of ancient Greece, the collapse of the Roman Empire, and the 1923 German Hyperinflation…
The “let’s devalue the money” game always ends with a big CRASH.
This should make us all wonder… how soon before the US dollar inflates, crashes, and becomes obsolete?
In my recent walk and talk vlog from St. George's, Grenada, I talk about how the world is sleepwalking right into the coming financial Armageddon.
When the fiat hits the fan, a new type of money will be needed.
What will become the next mainstream means of exchange?
I break it all down HERE, where I also arm you with three actions you must take immediately to protect (and grow) your wealth, but the page will only be up until 11:59pm tonight!
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