This is an absolutely amazing hour on the last 100 years of economic world history seen from a money printing perspective.
In this interview with Jeff Tucker of the Brownstone Institute, Peter St Inge PhD.
They talk about the Weimar Hyperinflation, today’s fake inflation numbers, and whether we are already in recession.
In summary:
- German Central Banking gets invented in 1876.
- Thanks to this new “tech”, they decide to start printing in 1919.
- Initially it works really well. Confidence and the German economy are doing great in 1920.
- By 1923, the entire economy has broken down, paving the way for Hitler.
- Meanwhile, FDRs “Kamala style” response to the depression doesn’t work at all. No real wealth is created. Americans create the hoover dam, and then tanks, but are on rations.
- After the second world war, we have 25 years of hard money with Bretton Woods and the Gold Standard
- Nixon pulls the plug in 1971 and the money printing starts again
- Under 2008, and then Covid, the money printing goes into overdrive. All the stats are wrong. It’s just an illusion.
- As with Germany in 1922-23, the large corporations and the rich have benefited from the money printer.
My interview with Jeff Tucker of the Brownstone Institute 🥳
— Peter St Onge, Ph.D. (@profstonge) August 10, 2024
We talk about the Weimar Hyperinflation, today's fake inflation numbers, and whether we are already in recession.
I hope you enjoy, and follow Jeff at @jeffreyatucker pic.twitter.com/3tZqD7Sujp