It’s either coming or it’s here already. < Speed The Shift home. If you don’t have food you will be corrupted by hunger and will use your guns to get some. Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram. Over the past couple of months Michael J Burry, the one-eyed hedge fund manager that made $800 million dollars from the housing market bubble, has been warning of hyperinflation and an economic collapse in the near future. Actually tools is a better word. There is, of course, another name for that period: Weimar Germany, and because we all know what happened then, it is understandable why BofA does not want to mention that particular name. One thing I’ve noticed in recent years- ubiquitous items with low prices that don’t fluctuate much, like sewing kits, have been going up. What has NEVER changed is people, and their desire to do whatever it takes to survive. 4. Burry’s latest comments echo his warnings of a massive market bubble and his description of the GameStop frenzy as “unnatural, insane, and dangerous.”. The more the leader issued his carved boar's period. decree what was money, he himself could issue the money and gain real wealth like spearheads and caves in exchange for it. By the way, cajones are guts too! Of course Two is right Big Picture. It’s flanked with a silver and gold liberty dollar coin. Here I … Dr. Michael Burry took advantage of this year's market crash during the first six months of 2020, according to 13F filings. Is a 45 year old book about finances/economics still applicable in today’s world? Larry is quite hard-working and while he is slow in speech, his mind is quick and he has a generous nature. Dr. Michael Burry New Doomsday Prediction “The Dying Of Money” Summarized. The money might have been carved boar's teeth that only he was allowed to carve, or it might have been something else. Germany’s #inflationcycle ran not for a year but for nine years, representing eight years of gestation and only one year of #collapse.”, His punchline: the above was “written in 1974 re: 1914-1923” and then makes the ominous extrapolation that “2010-2021: Gestation” adding that “when dollars might as well be falling from the sky…management teams get creative and ultimately take more risk.. paying out debt-financed dividends to investors or investing in risky growth opportunities has beaten a frugal mentality hands down.”. And the quality is crap. The fever to join in turning a quick mark infected nearly all classes..Everyone from the elevator operator up was playing the market.”, “The volumes of turnover in securities on the Berlin Bourse became so high that the financial industry could not keep up with the paperwork…and the Bourse was obliged to close several days a week to work off the backlog” #robinhooddown, “all the marks that existed in the world in the summer of 1922 were not worth enough, by November of 1923, to buy a single newspaper or a tram ticket. The only question is when do we enter the exponential currency collapse phase. Holy cow! Trillions more stimulus & re-opening to boost demand as employee and supply chain costs skyrocket. To Contact Hardscrabble Farmer before supplies run out: China Just Launched this Attack on the USD, Alan Greenspan Warns of this U.S. Scheme to Confiscate Your Savings, The Little-Known (But Legal) IRS Tax Law to Move Your IRA or 401(k) to Gold, Wall Art to Perfectly Compliment Your I expect the USD to lose its reserve status in a few years. An expectation of inflation makes a good explanation of Bill Gates buying farmland. It’s pure bullshit to do so. No? Who could afford to build anything at those prices? I don’t know if I’m seeing things they don’t, or if they’re just full of crap, but my eyes have been fairly reliable, while they’ve been re-jiggering their measurements and charts for years. Watch later. In an inflationary crisis, governments will move to squash competitors in the currency arena. If you can do these things for others you will always be useful and employable. Without that “cooling” of the economy by Volker’s move, Reagan would have been dealing with far worse than Carter, and likely would have fared even worse, as his spending spree was to the moon. Having said that there is still a preference toward quality hand tools. CHECK OUT THIS VIDEO Neither can be dispensed with through trickery, government legislation, wishful thinking, or new, more creative, shell games of finance. You think this started in 2008? I am going to reveal why he is giving this warning. MHFIN. We were outraged when Barry grew that to 14 Trillion. Of course you need to garden, preserve food and learn your local edibles. Some broad next steps. Michael Burry (The Big Short) Warns Weimar Hyperinflation Is Coming February 22, 2021 February 22, 2021 renegade 9 Comments. I’d call that a serious, developing crisis. If you haven’t got this one right you can stop now, downvote me, and come back after this first G is in place. Posted on March 11, 2021 2:07 pm. I am also going to give you a timeline on when you could expect hyperinflation right here in the United States. “How did you go bankrupt?” Bill asked. This is your wealth spillover category. More so than his belief in farming as a good business or some nefarious plan to suppress reproduction by feeding people frankenfood. The crime rate soared.”, “Accounts of the time tell of a progressive demoralization which crept over the common people, compounded of their weariness with the breakneck pace, to no visible purpose, and their fears from watching their own precarious positions slip while others grew so conspicuously rich.”, “Almost any kind of business could make money. Ammo is in the process of becoming one of the new alternative currencies.. Hyperinflation is the moment that everybody realizes the king has no clothes! (Instagram Jan 23, 2021) — The Money GPS: Investing legend says bad things are coming because paper printing does not create an economy. SELF-DEFENSE: own serious weapons. Guts. One was the great wealth, at least of those favored by the boom..Many great fortunes sprang up overnight…The cities, had an aimless and wanton youth”. Dr. Michael Burry New Doomsday Prediction | “The Dying Of Money” Summarized. It’s that simple. Post-Soviet Ukraine? on Amazon.com. Without ammo guns are just rocks and sticks. 90s-era Turkey? In 1974, Jens O. Parsson published an excellent, in-depth historical analysis of the hyperinflationary crash of Weimar Germany under the command of the original money printer, Rudy von Havenstein, "Dying of Money. Burry highlighted passages from the book about the recurrence of inflation throughout history, how it’s usually preceded by an economic boom and a spike in overnight fortunes, and how it leads to soaring crime, surging living costs, and poverty. 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