Is your money safe? Is Hyperinflation coming to America? Is a loaf of bread going to be $100? A lot of seem to think so but there is a piece to this puzzle that many of them are missing. I’m going to explain what hyperinflation is, what it does to people and economies and then I’m going to breakdown the major flaw in the hyperinflation narrative. Stay until the end because it’s actually going to be worse than you think!
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0:00 Intro
0:58 Hyperinflation
2:21 History
4:33 Affects
7:23 Why America is Safe
9:05 Conclusion
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Sources:
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Is your money safe is hyperinflation Coming to America is a loaf of bread Going to be a hundred bucks a lot of Influencers seem to think so but there's A piece of this puzzle that many of them Are missing I'm going to explain what Hyperinflation is what it does to people And economies and then I'm going to Break down the major flaw in the Hyperinflation narrative stay until the End because it's actually going to be Way worse than you think let's get it Thank you [Music] [Music] Welcome crypto my name is Ben in this Video I'll be talking about Hyperinflation and why it is not coming To the United States stay to the end of This video to get my take on what you Can do to create wealth during this Economic downturn hyperinflation by Definition is when the CPI increases by 50 or more in one month that's different Than high inflation where CPI is 10 to 49 in one month but that's a huge range For example 25 inflation sustained over Months is incredibly disruptive to any Economy and creates a lot of poverty but What is it about the 50 number that Deserves a title of hyperinflation 50 is Seen by many economists is the point of No return it's outlined in the book when Money dies by Adam Ferguson
Hyperinflation is when people have lost Faith in that country's money Economist Colin Rush Divine cyber inflation as a Disorderly economic progression that Leads to a complete psychological Rejection of a sovereign currency in the Worst case of hyperinflation prices of Goods will double every day and Sometimes can double within an hour when Prices on Commodities rise that fast People start spending their money as Fast as they can this starts the vicious Feedback loop the velocity of the money Rising parabolically along with prices Not only is a lot of money need to do Basic business but there is a lot of it Running through the economy thus making Prices go higher and the payment greater And on and on until you get a total Collapse of the economy and soon after That the government It's a scary thing to think about but It's happened several times over the Past 100 years the most notable is what Happened in Weimar Germany in 1923. Zimbabwe in the 2000s and most recently Venezuela in 2015. in the early 2000s Venezuela was a thriving social estate Thanks to its vast oil reserves the oil Provided money for the massive Government programs the president Nicholas Maduro had put in place however 2014 oil prices plummeted in the Country's economy took a nosedive
Without a capitalist system there was Nothing left to back up the government Handouts once the prize of oil started To head down Venezuela's government Under pressure by President Maduro Became pretty money the Bolivar to Finance his expenses ultimately sparking Hyperinflation His price has skyrocketed the boulevard Is value it evaporated by 2018 the Inflation rate reached a staggering 1.7 Million percent the government attempted To curb the crisis by introducing a new Currency The Sovereign Bolivar but this Only provided temporary relief Consequences of Venezuela is Hyperinflation well they were severe Citizens face flood and Medicine Shortages with many resorting to Bartering for essential Goods poverty Rate soared and millions of Venezuelans Fled the country in search of better Opportunities to this day Venezuela Continues to Grapple with the effects of Hyperinflation and its people bear the Brunt of this ongoing crisis even though Hyperinflation has been happening Throughout the last century known as the Central banks or federal government is Learning any lesson from it and while Hyperinflation probably isn't possible In the U.S more on that later it's worth Examining the potential consequences That such an event would have on the
Everyday lives of American citizens After all inflation doesn't have to hit 50 for things to get bad Thank you Foreign [Music] [Music] Ways in which high inflation could Affect employment savings consumption Patterns and social stability in the United States in a runaway of inflation Scenario employers would face Rising Costs for raw materials utilities and Other business expenses to maintain Profitability they might resort to Cost-cutting measures such as layoffs Wage reasons or even wage reductions Consequently labor market would become Increasingly competitive in the Purchasing power of salaries would erode Rapidly leading to a decrease in the Standard of living for many workers this Wouldn't be limited to one job sector The facts would reach everyone except For the super wealthy runaway inflation Would significantly impact the value of Savings and Investments held by U.S Citizens it's purchasing power of the Dollar plummets savings accounts Retirement funds and other dollar Denominated assets would quickly lose Their value the uncertainty caused by Inflation could also lead to volatile Financial markets making it challenging
For investors to find safe havens for Their Capital this erosion of wealth Would have long lasting effects on the Financial security of American Households this is part of the reason Bitcoin was created an alternative to Manipulated currencies that a person can Have digital custody of prizes Skyrocketing and an alarming Pace U.S Consumers would likely alter their Spinning patterns to cope with the shock Waves in the economy Central goods and Services take precedence leading to Reduction and spending on luxury items And discretionary purchases Hoarding and panic buying could become Widespread as people attempt to secure Goods before further price increases Exacerbating shortages and further Driving up prices think of the coveted Toilet paper craze but times a thousand And with more desperation in a runaway Inflation scenario the cost of borrowing Will become prohibitively higher for Both consumers and businesses as lenders Would demand higher interest rates to Compensate for the rapidly diminishing Value of the currency this result in Increased access to credit for the Average American entering their ability To finance significant expenses such as Education home purchases or starting a Business defaults would also Skyrocket And large lending institutions would
Fold leaving thousands out of work and Feeding into the spiral the hardship and Challenges posed by runaway inflation Would not be limited to just economic Turmoil no the erosion of welt and the Reduction in the standard of living will Lead to increased sexual unrest as Citizens struggle to cope with the new Reality we've seen this time and time Again throughout history the old saying Goes Society is only three meals away From any Anarchy this unrest could Manifest in various forms including Protests strikes or even an increase in Crime rates as people become desperate To meet their basic needs the unrest and The destruction of property is usually The Tipping Point Of No Return it's like Pointing a leap blower at a campfire and Turning it on things will get heated up And burn out quickly keep in mind that The scenarios are laid out don't just Apply to hyperinflation even something Like 15 inflation drawn out over months Can have similar effects So far I've shown you a few ways that a High inflation environment can impact You on a personal level but what is all This talk about how the US is headed for Hyperinflation some are even saying it's Going to happen within a few months all That is bunk and here is wine the main Ingredient that sets off hyperinflation The yeast and the dough if you will is
Debt this country gets more and more in Debt the worst this financial situation Gets has to borrow more and print more To be able to borrow more but what is The country like Venezuela or Zimbabwe Having to change their money into in Order to buy more debt the dollar the World Reserve currency the Bolivar There's a way dollar and the Argentine Peso all lost their value to the dollar That's the difference with the USA we Control the reserve currency for the Entire world because of that unique Ability hyperinflation has all been Impossible until it isn't assuming it Does stay on top there won't be severe Economic consequences for the criminal Mismanagement that our government has Done to our money for the past 50 years For us here in the United States it'll Be like a slow poisoning nothing getting Better everything's really getting worse And worse until the whole game slides Off the table but that would take Decades if not 100 years and that's of All things remain equal and nothing is Corrected a few years of balanced Budgets or high GDP will slow the Bleeding but there is another scenario That could break the dollar and send all The Western economies into a Salesman And that's called brics in lines of Countries led by China did oppose the Dollars Reserve currency now bricks
Deserves its own video which is why we Recently made one so check it out But it's suffice to say that if there is A threat to the dollar superiority it'll Come from China in the brics alliance if That happens thought would be Swift and Would make Venezuela look like Disneyland so here's a lesson the dollar Is not an asset in a credit economy like The one we have only hard assets hold Value and the more you huddle the safer And more Rich you won't be that's all I Got be blessed way out Good [Applause] [Applause] [Music] Foreign [Music]