Dissident Sound on Nostr: my main point is you can't get to hyperinflation just by printing money ... the ...

my main point is you can't get to hyperinflation just by printing money ... the system has to break in some way

printing money doesn't even necessarily lead to inflation ... in a healthy economy you can print money and have DEFLATION at the same time ... and if you print A LOT of money you might have SOME inflation ...

to have hyperinflation the system must be fundamentally broken in some way ...

we could still get there !

the BRICS countries are exiting the dollar ...

petrodollar is becoming irrelevant since nobody is using oil anymore - everything is going electric

but China controls both Chemicals, Solar Panels and Lithium Batteries ... and Russia is world's biggest Oil producer ... and they're both BRICS and trade with each other in Rubles and Yuan ...

as i mentioned to Brunswick (npub1c85…6lkc) stagflation is economic diabetes.

diabetes is when the cells refuse to take up any more sugar. stagflation is when the economy is refusing to absorb more money.

you can put A LOT of sugar into a young and healthy body without adverse effects - it will simply get absorbed by the cells. but give a diabetic even a little bit of sugar and his blood levels will spike and stay elevated.

likewise when you're a world reserve currency and economy is healthy you can print A LOT of money and it will just spread throughout the world and be used to start new businesses in the most remote of places ...

but what if countries abroad refuse to take your dollars and businesses at home are choked by government ? and simultaneously stock market is crashing because of WW3 or Covid or whatever and government begins to print to try to revive the stocks ? as inflation skyrockets suddenly everybody is trying to offload the dollars that they have causing inflation to go even higher ...

the reason we didn't see it get that bad during Covid is because all the countries went with the same policies at the same time. all the currencies were devalued in parallel so there was no real incentive for people to convert one currency to another.

when i lived through hyperinflation in Ukraine when people got their pay check they immediately ( i mean within an hour ) converted the money to Dollars on a street corner kiosk.

there were currency exchange kiosks on every corner in Kiev at that time. i was a small kid and even i used dollars to buy things like cassette tapes - i don't think i ever even had Ukrainian currency in my pocket.

in other words hyperinflation happens when people realize that their currency is TRASH and everybody proceeds to dump it at the same time by converting it to some other currency ...

again, this didn't happen during Covid because ALL currencies were devalued SIMULTANEOUSLY. this was DELIBERATE.

it was a scheme to impoverish the population OF THE ENTIRE PLANET.

and yet we're seeing a rift between NATO and BRICS so that is potentially a source of trouble ...