Weimar Republic hyperinflation from one to a trillion paper marks per gold mark; values on logarithmic scale.
A loaf of bread in Berlin that cost around 160 Marks at the end of 1922 cost 200,000,000,000 Marks by late 1923.[14]
By November 1923, one US dollar was worth 4,210,500,000,000 German marks.[
https://www.zerohedge.com/personal-finance/economic-doom-loop-has-begun
The problem with inflation is not just how high it is, it’s how quickly it is increasing. Again, the money supply has increased so much that prices would have to almost triple to restore balance between goods and the dollars chasing them. So the Fed’s mandate requires it to intervene to stop inflation. It typically does that by raising interest rates and selling back its bonds. When the Fed sells a bond, the cash flows out of the economy relieving the inflation pressure.
To fight inflation, interest rates need to exceed the inflation rate. That means a dollar saved loses purchasing power unless savings interest rates climb from less than 1 percent to something over current inflation (now around 8 percent). One rule of thumb provides that savings interest rates should reach 150 percent of inflation in order to reverse the trend. The theory holds that high interest rates encourage saving cash thus slowing down the speed at which money chases assets. If interest rates are less than inflation, it makes holding cash a losing proposition.
But in this environment, raising interest rates will cause a cascade of problems. The higher interest rates will slow the economy and cause unemployment. It will also swallow up tax revenue as the government has to pay interest on its massive debt. But more critically, it will increase the rate of default on home mortgages. Those defaults will make mortgage-backed securities less valuable and more unpredictable. That’s how the 2008 housing market seized up.
Thus, the doom loop.
“America ... has created a 'civilization' that represents an exact contradiction of the ancient European tradition. It has introduced the religion of praxis and productivity; it has put the quest for profit, great industrial production, and mechanical, visible, and quantitative achievements over any other interest. It has generated a soulless greatness of a purely technological and collective nature, lacking any background of transcendence, inner light, and true spirituality. America has [built a society where] man becomes a mere instrument of production and material productivity within a conformist social conglomerate “— Julius Evola
https://leohohmann.com/2022/05/26/globalists-have-entered-the-kill-phase-of-great-reset-remember-the-deagel-population-forecast-it-now-makes-total-sense/
The plan is to price you out of everything to the point where you are renting a small apartment in the city next to a rail line, replacing your SUV with a mini electric car (if you can afford that) or even a bicycle. Look at China. That’s the future they have planned for us.
The more pain that is caused, the closer the elites get to being able to implement their Great Reset, with digital QR codes attached to every human being containing all your health records on a cellphone app and connecting that app also to your bank account and your ability to log onto the internet. That’s the goal.
Now here’s the catch.
The billionaire globalist elites know their plan is unpopular.
They know that at least half the population in wealthy countries will never go along with this plan willingly. They will have to be coerced in a time of horrific crisis like war or a wave of “public health emergencies,” and the extreme deprivation that such crises cause.
Because the vast majority of Americans suffer from extreme normalcy bias, they can’t see what’s coming. They will be caught completely off guard. The sporadic shortages they see in the grocery stores now, these folks believe that’s just a temporary glitch that will soon iron itself out. Nothing to worry about.
They don’t see that war and famine are right around the corner. So when it arrives, they will be ruled by fear and confusion. Anxiety levels will be off the charts.
Most will submit to the beast system that’s being erected on the backs of these pre-arranged crises.